Reason for this visit

The forex market is extremely distinctive in Canada because 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 forex 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 gain a more comprehensive understanding of forex brokers in Canada, 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 Canada to visit forex broker Linton Financial as planned according to its purported regulatory address that 500- 7030 Woodbine Avenue, Markham, ON, Canada L3R6G3.

The investigators came to 7030 Woodbine Avenue in Markham in Ontario, Canada for an on-site visit to the brokers office.

Upon reaching the 7030 Woodbine Avenue in Markham, the survey personnel initially made a meticulous observation of the surrounding environment. The target building was located on a less bustling street with a relatively tranquil atmosphere.

The inspection team entered the building, with a reception area in the lobby, and began to conduct a thorough investigation. However, the attempt to find out the relevant information about Linton Financial from the lobby directory failed.

With questions in mind, the survey team arrived at the floor where Unit 500 was situated and met with the receptionist. According to the staff working at reception, Linton Financial was not operating on the floor. Upon further observation of the interior layout, it appeared to be a shared office space with a complex flow of personnel, and there was no exclusive office area or signage for Linton Financial. Through a comprehensive on-site investigation, it is clearly and confidently confirmed that the forex broker Linton Financial does not exist at this address.

Conclusion

The survey team went to Canada to visit forex broker Linton Financial as scheduled, but did not find the company at the aforementioned address. It indicates that the broker may just register at the address without a physical business office. Accordingly, investors are advised to make a sensible decision following much deliberation.

Disclaimer

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