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 Etrans as planned according to its regulatory address that 2 Queen Street, Suite 801 Level 8, 2 Queen Street, Melbourne VIC 3000.

The investigators arrived at 2 Queen Street in Melbourne of Victoria, Australia for a visit to the brokers office on December 19, 2023, and located a modern commercial building in the vibrant city center. With a coveted place, the structure is easily accessible via public transports in close proximity to tram stations.

Upon access to the building for further investigation, the survey personnel spotted a digital directory in the lobby, which displayed that “E-Trans” was situated in suite 801.

Upon arrival at suite 801 on the 8th floor via the elevator, the inquiry team discovered the company name and logo of Etrans with ease on the door of its office. Unfortunately, the people weren‘t allowed to visit the working area due to the access control system. Therefore, the inquiry team failed to take photos inside the company’s office, and the specific company size of the broker is unconfirmed.

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 Etrans as scheduled, and found the companys name at its regulatory address. This denotes that the broker 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.