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 SIRIUS as planned according to its regulatory address that Suite 1001a, Level 10, 53 Walker St, North Sydney, NSW 2060.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the broker SIRIUS at 53 Walker Street in North Sydney. The area is a typical commercial district with an ordinary streetscape—neither notably bustling nor visibly rundown. The buildings exterior is well-maintained, and the surrounding area offers convenient transportation, aligning with general business office characteristics.

According to available information, SIRIUS should be located on Level 10 of the building. The investigators carefully reviewed the directory at the building entrance but found no mention of “SIRIUS”—either as a listed tenant or in any signage. The directory only displayed floor allocations for other businesses, immediately raising concerns about the companys presence. The team then attempted to enter the lobby for further verification but was denied access due to security restrictions (reasons unspecified). They could only record observations from outside.

Despite being unable to access the lobby, the inspection team observed from outside that no SIRIUS logos or brand identifiers were displayed in the building's common areas. According to the declared information, the company's logo should have been present inside the premises, but no such evidence was found during the physical verification. Furthermore, the team attempted to confirm SIRIUS's presence through alternative means (such as inquiries with property management or other tenants), but failed to obtain any valid responses due to access restrictions.

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

Conclusion

The survey team went to Australia to visit broker SIRIUS 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.