Introduction

In the retail forex world, the Australian Securities and Investments Commission (ASIC) is a well-known regulator for its strict regulation, and there is a large number of regulated foreign exchange brokers in Australia. In order to help investors know more about the regulated FX brokers in Australia, this time the inspection team went to Sydney, Australia to visit FOPU as planned.

Regulatory Information

FOPU is MM licensed by ASIC, with registered address at: Suite 14 Level 11, 65 York Street, SYDNEY NSW 2000. The inspection team went to the said address.

In addition, FOPU is also AR licensed by FCA.

Inspection Process

The inspection team arrived at an office building at 65 York Street. It is a grand building.

The name of FOPU is not among the list of company names on the signboard in the lobby.

The team went to Level 11 to further confirm whether FOPU works there, and found out the whole floor belongs to a law firm. The receptionist told there is no FOPU on Level 11.

Conclusion

The team’s site visit confirmed that at the address mentioned in the regulatory information there is no office place of FOPU, which means the regulatory information is not true. This session of Field Survey is presented as above.

Disclaimer

The content is for information purposes only and it is not intended as a recommendation or advice.