Reason for this visit

The German foreign exchange market has a wide range of participants, including both domestic resident entities and overseas non-resident institutions. In terms of categories, it mainly includes domestic and foreign commercial banks, foreign exchange brokers, non-banking institutions and central banks. Among them, transnational corporations and non-bank financial institutions are involved in huge transaction amounts. Small and medium-sized enterprises (SMEs) also participate in foreign exchange trading in order to pay for goods and services, but compared to banks and large speculators, corporate foreign exchange transaction amounts are small. Retail investors and small speculators are the smallest components of the foreign exchange market, and they often participate indirectly in the forex market through banks and brokerage firms. In order to maintain the stability of the financial system and the value of the euro, the European Central Bank (ECB) and the central banks of member states participate in market transactions as ordinary market participants when necessary, guiding and regulating the foreign exchange market. The central banks involved in regulation of the German forex market mainly include the ECB and the German Central Bank. As one of the founding countries of the European Union, Germany's financial supervision has always maintained a strict regulatory environment, and forex supervision is no exception. The Federal Financial Supervisory Authority (BaFin) is an independent federal agency in Germany, responsible for supervising the financial market in the country. It is headquartered in Bonn and Frankfurt and is supervised by the German Federal Ministry of Finance. In order to help investors have better understanding of foreign exchange dealers in Germany, the survey team is going to the country for on-site visits.

On-site visit

This time the survey team went to Frankfurt, Germany to visit the foreign exchange dealer ACATIS as planned. The survey address is TaunusanlaGe 18 60325 FrankFurT aM Main DeuTschland.

The survey personnel came to the destination of the current survey according to the above address. The office of the trader ACATIS is located in an office park near the Frankfurt train station. It takes about a 10-minute walk. The office is surrounded by many financial institutions.

The investigators found the trader's name on the water sign in front of the building. However, the front desk staff informed the survey personnel that due to the local epidemic situation, visitors could not enter the building. He said that all companies are displayed on the water sign in the hall, and the investigators can check by themselves.

The survey personnel also found the company name of the foreign exchange dealer ACATIS on the access control system. It is a pity that the investigators were not able to go upstairs to visit the inside of the company, but the trader does exist in this building.

Conclusion

The survey personnel went to Frankfurt, Germany to visit the foreign exchange dealer ACATIS as planned, and found the dealer's office on its publicly displayed business address, and confirmed that there is a real business venue. Investors are advised to choose the dealer carefully.

Disclaimer

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