A Visit to CMC Markets in Australia - Office Unconfirmed

Reason for this visit

Australian stock market is a diversified financial market covering stock trading, bond issuance, fund management, and more. The stock market in Australia has experienced rapid development and attracted a large number of investors and traders. In terms of regulation, Australian stock market is relatively well-regulated and is primarily overseen by the Australian Securities and Investments Commission (ASIC). ASIC is an independent federal government agency responsible for regulating the financial industry, including the stock trading market. Its main responsibilities are to ensure market fairness, transparency, and integrity, protect investor interests, and prevent market manipulation and fraudulent activities. Additionally, Australian stock market has other regulatory bodies and mechanisms, such as self-regulatory organizations of exchanges, working together to maintain market stability and healthy development. Currently, there are numerous stock brokers in Australia, with some large brokers having a significant market share and a substantial customer base. These brokers provide various trading platforms and software to facilitate stock trading for investors. Furthermore, some brokers offer financing services to help investors expand their investment scale. Overall, the regulatory system of Australian stock market is relatively sound, with strong regulatory measures in place to effectively protect investor interests and maintain market fairness, transparency, and integrity. To provide investors with a more comprehensive understanding of the current situation of 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 CMC Markets as planned according to its regulatory address that Level 20, Tower 3, International Towers, 300 Barangaroo Avenue, NSW 2000, Sydney, Australia.

The investigators arrived at International Towers at 300 Barangaroo Avenue in Sydney, the capital of NSW, Australia on December 6, 2023. The building complex is located on the harbour foreshore at Barangaroo, comprised of three prime office towers named International Tower 1, 2, and 3 respectively. According its regulatory information, CMC Markets is situated on the 20th floor of Tower 3.

After accessing the building, the survey personnel spotted a reception area in the lobby. However, people werent allowed to visit the working area upstairs without an access card due to stringent security reasons. And there was no lobby directory in the tower.

Through an on-side investigation, it remains unconfirmed whether CMC Markets has a physical presence at the location or not.

Conclusion

The survey team went to Australia to visit broker CMC Markets as scheduled, and failed to enter the building where the company is located. Therefore, it remains unknown if the broker has 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.