Reason for this visit

The foreign exchange market is extremely distinctive in Canada, since the country has its own financial authority, the Canadian Securities Administrators (CSA), which provides a unified management of all financial industries. Meanwhile, CSA set up its subsidiary body, the Investment Industry Regulatory Organization of Canada (IIROC), in 2008, which is primarily responsible for the regulation of the retail foreign exchange market. And the IIROC has independently built many low-level regulatory bodies supervising three regions and ten provinces respectively. All these institutions release multiple independent laws and regulations. The integration of unity and differentiation in regulation makes the Canadian forex market the most complex in the world. In order to help investors or practitioners to get a more comprehensive understanding of the country's foreign exchange brokers, WikiFX survey team decides to go to Canada for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Canada to visit the forex broker R.J.O Brienin as planned according to its regulatory address that 1700-110 Yonge Street Toronto ON M5C 1T4.

On November 27, 2023, the investigators arrived at 110 Yonge Street in Toronto of Ontario, Canada for a visit to the company‘s office, and located a modern commercial building in the heart of the city’s vibrant financial district. The bustling street was packed solid with people.

After accessing the building for further investigation, the survey personnel spotted security and reception area in the lobby. In the meantime, the digital directory displayed the company name of “R.J.O‘ Brienin”, which indicates the existence of the company in the building. According to the security guard, people weren’t permitted to visit upstairs without an access card due to stringent security reasons. Therefore, the team failed to conduct a further visit to suite 1700.

Based on the on-site survey, it is confirmed that the company does have a physical presence at the place.

Conclusion

The survey team went to Canada to visit forex broker R.J.O‘ Brienin as scheduled, and found the company’s name at the regulatory address. This signifies that the broker truly has a physical business office at the location. Meanwhile, investors are advised to make an informed decision following a comprehensive consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.