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 ADVANCEDFX as planned according to its regulatory address that 108 West 17th North, Vancouver, BC, Canada V7M2J6.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the prominent forex broker ADVANCEDFX in Canada.

The subject property is located in a mixed retail and commercial area in Vancouver. While not situated in the central business district, the surrounding area is well-equipped with amenities, including chain stores such as Starbucks, presenting an average commercial environment. The building is a low-rise structure with no visible exterior damage, featuring clean streetscapes that align with typical mid-sized commercial properties.

Upon arrival, the verification team confirmed the address matched the registration details of the broker through visible signage. The building's facade prominently displays the company name “AFX Currency Exchange” along with Chinese and Arabic translations. Additional window decals showcase the website (www.advancefx.ca) and contact information, enhancing corporate identification. The premises occupy a standalone corner unit with transparent, unobstructed glass storefronts.

The lobby directory clearly lists “ADVANCEDFX” with corresponding floor information, matching the companys registered name. Corporate branding is visible throughout the building, indicating established occupancy.

Following the directory's guidance, the inspection team successfully reached the company's designated floor and confirmed the exact office location through visible room numbering. Although external verification was successful, the company was closed during the site visit, preventing access to interior office spaces. However, visible through the windows were fully equipped workstations, including standard office furniture, electronic devices, and organized documentation, showing no signs of inactivity. Neighboring businesses confirmed its regular operations, primarily serving local residents and tourists with currency exchange services.

Through the on-site investigation, it is confirmed that ADVANCEDFX has a physical presence at the location.

Conclusion

The survey team went to Canada to visit forex broker ADVANCEDFX as scheduled, and found the company at the aforementioned address. It indicates that the broker has a physical business office at the place. Meanwhile, 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.