Reason for this visit

The foreign exchange market is extremely unique 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 CGD (licensee: Canaccord Genuity Corp.) as planned according to its regulatory address that 609 Granville Street, Suite 2200 P.O. Box 10337, Pacific Centre, Vancouver, BC, V7Y 1H2.

The investigators arrived at 609 Granville Street in Vancouver, Canada on November 17, 2023, and located “Canaccord Genuity Place”, a large office building where CGD is situated, in the heart of a prosperous commercial area. The building is effortlessly accessible via public transport with huge crowd of people.

In the aftermath of accessing the building for further investigation, the survey personnel spotted a digital directory in the lobby, which displayed that CGD was located in suite 2200 on the 22nd floor. And then the team arrived at the floor by the lift, and clearly saw the name, logo, and reception area of “Canaccord Genuity Direct”.

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

Conclusion

The survey team went to Canada to visit forex broker CGD as scheduled, and found the companys name at the regulatory address. This indicates 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.