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 Tynansfx as planned according to its regulatory address that Level 7, 259 Queen Street, Brisbane QLD, 4000.

The investigators came to 259 Queen Street in Brisbane, Australia for a visit to the brokers office on July 5, 2024, and located a modern commercial building in the central business district of the city. The bustling street is lined with a large array of entertainment facilities like restaurants, shopping malls, and more.

Upon arrival at the building for further investigation, the survey personnel spotted easily a directory in the lobby, which prominently displayed that Tynansfx was situated on the 13th floor, instead of 7th floor.

After proceeding to the 13th floor via the elevator, the inspection team discovered clearly the company name and logo of Tynansfx. The company boasts an independent office with an immaculate working environment. However, people were not permitted to enter without an appointment. Therefore, it was impossible to obtain the information about the office in terms of the operational scale and staff size.

Through the on-site investigation, its confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to Australia to visit broker Tynansfx as scheduled, and found the companys name at its regulatory address. This denotes that it 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.