Reason for this visit

The foreign exchange market is extremely distinctive 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 RCG Forex as planned according to its regulatory address that 911-6081 No. 3 Road, Richmond, BC, Canada V6Y2B2.

The investigators came to 911-6081 No. 3 Road in Richmond of Britain Columbia, Canada for a visit to the brokers office, and located a modern commercial building, which was easily accessible via public transportation like SkyTrain, Additionally, it was close to the eatery and shopping area of Richmond Center.

Upon arrival at the building for further investigation, the survey personnel spotted a directory on the wall of the lobby, which prominently displayed that suite 911 and 913 were occupied by RCG Forex. And then they tool the elevator to the 9th floor, and discovered a notice on the door of suite 310, indicating that the company had moved into suite 911. And it was determined to be occupied by RCG Forex after a thorough check.

Through the on-site investigation, it is confirmed that the broker has a physical presence at the place.

Conclusion

The survey team went to Canada to visit forex broker RCG Forex as scheduled, and found the companys office at the regulatory address. Meanwhile, investors are advised to make a sensible 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.