Reason for this visit

The Canadian foreign exchange market is very unique. Despite being one country, there is a unified financial regulatory authority, the Canadian Securities Administrators (CSA), covering all financial sectors. But on the other hand, under the CSA there is the Investment Industry Regulatory Organization of Canada (IIROC), which was established in 2008 and is primarily responsible for the regulation of the retail foreign exchange market. In addition, the IIROC is independently divided into three regions and 10 provinces, each with its own regulatory environment. Unity and division are contradictory, which makes the Canadian forex market the most complex in the world. In order to help investors or practitioners get a more comprehensive understanding of the country's foreign exchange dealers, the survey team to Canada for site visits.

On-site visit

This time the survey team visited the dealer INFOCHOICE in Canada, with the specific address at 111 PETER STREET SUITE 700 TORONTO, ON, CANADA M5V2H1.

Based on the above address, the survey team went to the destination of this survey, which is located on Peter Street. It is the heart of Toronto's business and entertainment district, near the Financial District, Eaton Centre and Chinatown, and is one of the most popular areas in Toronto. The building where the surveyors arrived is mainly rented as a shared office with a reception desk and directory inside. However, the surveyors did not find any information about the dealer INFOCHOICE in the building.

The surveyors asked the receptionist about INFOCHOICE, but he said that the dealer had never been in the building. At the same time, the office of the dealer's business address is also currently vacant. In the end, the surveyors confirmed that the dealer INFOCHOICE did not have an office there.

Conclusion

The survey team went to Canada to visit the dealer INFOCHOICE as planned, and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.

Disclaimer

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