Reason for this visit

Australia boasts a profound trading culture and a world-recognized regulatory environment. Currency markets are very popular in the country. Australian top currency brokers reportedly have more daily trading volume than cash trades in Australian stocks. The participants in Australian forex market include banks, forex brokers, investment companies, individual investors, etc. As a forex market regulator, the Australian Securities and Investments Commission (ASIC) supervises the behaviors of all participants and the operation of markets such as financial service, securities, futures, forex, and others. The ASIC is committed to protecting investors rights and interests and help them avoid market risks by using more stringent regulatory systems. With the further development of financial market and economy in Australia, the local forex market will continue to grow. In an attempt to help investors or practitioners have a more comprehensive understanding of foreign exchange dealers in Australia, WikiFX survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Australia to visit broker Bell Potter as planned according to its regulatory address that Level 29, 101 Collins Street, Melbourne VIC 3000.

The investigators came to 101 Collins Street in Melbourne, Australia for a visit to the brokers office on January 20, 2024, and located a modern commercial building in the renowned financial and business center home to plenty of large enterprises and financial institutions. Situated at one of the most prosperous streets in Melbourne, the building is easily accessible via public transports, appealing to a steady stream of people.

Upon arrival at the building for further investigation, the survey personnel spotted a directory in the lobby, which displayed that Bell Potter was located on the 29th floor.

After proceeding to the 29th floor via the elevator, the inspection team clearly discovered the company name and logo of Bell Potter at its office. However, people werent allowed to enter without an appointment. Therefore, the team failed to pay an internal visit to the company, being unable to know the specific company size and working environment. In the meantime, it could be seen through the glass door that the company has an immaculate, simple but generous office.

Based on the field investigation, its confirmed that the broker truly has a physical presence at the location.

Conclusion

The survey team went to Australia to visit broker Bell Potter as scheduled, and found the companys name at its regulatory address. This denotes that the broker has a physical business office at the place. Meanwhile, investors are advised to make an informed decision following much deliberation.

Disclaimer

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