Reason for this visit

The foreign exchange market is extremely unique 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 plans 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 Argosy Securities (licensee: Argosy Securities Inc.) as planned according to its regulatory address that 1725, 16th Avenue, Suite 101, Richmond Hill, ON L4B 0B3.

The investigators arrived at 1725, 16th Avenue in Richmond Hill in South-Central York Region of Ontario, Canada on October 18, 2023, and located an office building beside the less bustling street in close proximity to expressway 404 and 407.

After entering the building for further investigation, the survey personnel spotted a directory in the lobby, which displayed that suite 101 was occupied by “ARGOSY SECURITIES INC.”.

And then the investigation team reached at suite 101, and saw the company name “ARGOSY SECURITIES INC.” at the entrance of the room. In the meantime, the companys name, logo and reception area could be seen clearly through the glass window.

Based on the on-site survey, it is confirmed that Argosy Securities does have a physical presence at the place.

Conclusion

The survey team went to Canada to visit forex broker Argosy Securities as scheduled, and found the companys name at the regulatory address. This indicates that the broker truly has a physical business office at the location. Meanwhile, investors are advised to make an informed 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.