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 gain a more comprehensive understanding of forex brokers 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 TC GLOBAL CAPITAL as planned according to its regulatory address that 120, 156 Burwood Rd, Burwood, NSW 2134.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the broker TC GLOBAL CAPITAL.

The target building is located along a main road in Burwood, surrounded by an ordinary environment with no significant commercial clustering. The exterior appears to be a multi-story office building, with no visible signage or logo for TC GLOBAL CAPITAL. Upon entering the lobby, the investigators immediately checked the public directory (tenant list) and found it only listed “TOPCARE HOUSE” (a retail store), with no mention of TC GLOBAL CAPITAL or any financial institution. When attempting to access the companys designated floor, the property management staff stated that “no such company is registered” and denied further access.

Since entry was denied, the investigators gathered additional information through external observation and inquiries with other tenants. No TC GLOBAL CAPITAL logos were found inside or outside the building—only generic business signage in the hallways. The building was confirmed not to be a co-working space, with most tenants being independent shops or small businesses. Through glass doors, the target floors office area showed no financial trading equipment or decor, and no one responded to inquiries.

Through the on-site investigation, it is confirmed that the broker does not maintain a physical presence at the location.

Conclusion

The survey team went to Australia to visit broker TC GLOBAL CAPITAL as scheduled but did not find the company at its regulatory address. It denotes that the broker does not have a physical business office at the place. Accordingly, investors are advised to make an informed decision following much deliberation.

Disclaimer

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