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 gain a more comprehensive understanding of forex brokers 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 Instreet as planned according to its regulatory address that GEORGE LUCAS, Level 11, 2 Bulletin Place, Sydney NSW 2000.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the broker Instreet at 2 Bulletin Place in Sydney. Located in downtown Sydney, the target building is a modern high-rise office tower.

During the on-site inspection, the investigators attempted to enter the building but was denied access to the lobby. Both the elevator and floor access required keycard authorization, and temporary access permission could not be obtained. From an external observation, no signage or directional indicators for Instreet were found at the building entrance. They then took photos of the reception area from an external vantage point, noting that the logo displayed in the lobby belonged to another company, with no visible branding related to Instreet.

Further checks revealed that Instreet or any affiliated entities were not listed on the buildings public directory (tenant display board). The survey team cross-referenced the floor index and confirmed that Level 11 also showed no record of the company. To verify the information, the inspection team engaged with on-site staff. Upon inquiry, both security and property management personnel stated they had no knowledge of Instreet and could not provide any leasing records for the company on the 11th floor or elsewhere. The staff suggested reconfirming the address accuracy or contacting other departments, but no further leads were obtained.

Through the on-site investigation, it is confirmed that Instreet does not have a physical presence at the location.

Conclusion

The survey team went to Australia to visit broker Instreet as scheduled, but did not find the company at its regulatory address. It denotes that the broker does not have a physical business office at the place. Accordingly, investors are advised to make an informed decision following much deliberation.

Disclaimer

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