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 Rallyville Markets as planned according to its regulatory address that 3001/201 Elizabeth Street, Sydney, Australia.

The investigators came to 201 Elizabeth Street in Sydney, Australia for a visit to the brokers office on November 7, 2023, and located a modern commercial building in the downtown area of the city. Situated at one of the most prosperous streets in Sydney with an immaculate environment, the building is easily accessible via public transports, appealing to a steady stream of people.

Upon arrival at the building for further investigation, the survey personnel spotted a directory in the lobby, which displayed that Rallyville Markets was located on the 30th floor.

After proceeding to suite 3001 on the 30th floor via the elevator, the inspection team clearly discovered the company name and logo of Rallyville Markets, and was allowed to pay a visit to the working environment with a warm welcome by the companys receptionist. Accompanied by the staff member of the broker, the team enjoyed a guided visit to the office, which features a simple but generous interior design and a clean and tidy environment. In the meantime, there were numerous computer screens in the office, but with only a few ones operating and some employees in a meeting.

Through the on-site investigation, its confirmed that the broker truly has a physical presence at the location.

Conclusion

The survey team went to Australia to visit broker Rallyville Markets as scheduled, and found the companys information including 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.