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 Nash as planned according to its purported regulatory address that Suite 1404, No 450 Southwest Marine Drive, Vancouver, BC, Canada V5X0C3.

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

The subject address is located in Suite 1404 at 450 Southwest Marine Drive within the “Marine Gateway” commercial tower, situated in Vancouver's central business district (CBD), British Columbia, Canada (Postal Code: V5X 0C3).

The property is a modern high-rise office building in Vancouver's bustling CBD, featuring convenient transportation links and comprehensive public transit access. The structure combines office spaces with retail establishments on its lower levels, representing a typical mixed-use commercial development.

Upon entering through the main escalator, investigators encountered a secured lobby with security personnel requiring visitor registration. A review of both electronic and physical building directories showed no listings associated with “Nash” on the 14th floor. Notably, while shared workspace facilities are concentrated on floors 17 through 19, the 14th floor was designated as standard office space without specific tenant identification - a direct contradiction to the company's claimed occupancy.

The 14th floor presented as an open-concept co-working environment devoid of any corporate branding or directional signage. The target unit (Suite 1404), positioned at the end of the corridor, featured card-key access with no external company identification, reception area, or distinguishing markings. Interior visibility through glass partitions revealed approximately ten minimally appointed private offices with no observable staff presence or operational activity.

Building management confirmed the 14th floor operates as flexible workspace with short-term lease arrangements, where tenants typically forego permanent signage. This transient occupancy model fundamentally conflicts with Nash's representation of maintaining a fixed business address at this location.

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

Conclusion

The survey team went to Canada to visit forex broker Nash as scheduled, but did not find the company at the aforementioned address. It indicates that the broker does not have a physical business office or it just utilizes the address solely for registration purposes. Accordingly, 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.