Reason for this visit

Australia boasts a profound trading culture and a world-recognized regulatory environment. And currency markets are very popular there. Australia's top currency brokers reportedly have more daily trading volume than cash trades in Australian stocks. There are three trading sessions - Asia Pacific, Europe, and the United States. Located in the Asia Pacific region, Australia is the first country to start trading forex and commodities during the day. While the trading volume is relatively small at the beginning due to the time difference, the addition of Japanese traders after a few hours can make the trading volume larger. Australia is home to abundant natural resources like oil and coal, base and precious metals as well as grains. The physical trading of these products in global markets has helped a robust derivatives market, with active participation by both retail and institutional investors. Many exploration and production companies are publicly traded on the securities market, making Australian equities highly liquid and risky. In addition, many commodities are priced in USD, EUR and JPY, which contributes to a highly liquid currency trading environment. The physical delivery nature of Australia's thriving export market supports both forex spot and forward markets. Demand for resources may provide a potential exchange rate basis for its currency. In order 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 forex broker Fusion Markets as planned according to its regulatory address that Level 10, 627 Chapel St., South Yarra, VIC 3141 Australia.

The investigators arrived at 627 Chapel Street in South Yarra, Australia on December 7, 2023. Located in a commercial area, Goldfields House, a landmark tower enjoys a good surrounding environment bristling with green plants, adjacent to railway station.

After accessing the building, the survey personnel spotted a reception area in the lobby.

And then the investigation team reached the 10th floor of the building by lift, and clearly saw the eye-catching company name and logo of Fusion Markets.

The investigation team was warmly welcomed by the staff of Fusion Markets on the heels of showing the purpose for a visit, and then entered their office, accompanied by a receptionist. There were approximately 30 office desks fully equipped with notebooks, monitors, and other devices.

According to the receptionist, they had a small lobby and a large conference room, in addition to the public working area. And the staff showed the survey team around the office. The whole company features a simple but magnificent style of decoration in a clean and tidy working environment, with chairs in all the rooms positioned in an orderly manner.

Through an on-side investigation, it is confirmed that Fusion Markets truly has a physical presence at the location.

Conclusion

The survey team went to Australia to visit broker Fusion Markets as scheduled, and found the companys name at its regulatory address. This suggests that the broker does have a physical business office at the place. Meanwhile, investors are advised to make an informed decision following an overall consideration.

Disclaimer

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