Reason for this visit

Despite being in a small scale, New Zealands forex market is relatively efficient, with gradually declining spread trading. The comparatively low intraday trading volume in the market is largely made during the London and New York session. Forex brokers in New Zealand are required to be licensed and regulated by the central bank, which demands that brokers should provide adequate risk disclosure and investor education. In recent years, smaller local brokers have faced competitive pressure from foreign brokers, with the rapid development of trading automation and mobile trading. In order to help investors or practitioners gain a more comprehensive understanding of the country's forex brokers, WikiFX survey team decides to go to New Zealand for on-site visits to local companies.

On-site visit

In this issue, the survey team went to New Zealand to visit forex broker OnePro as planned according to its regulatory address that Level 2, 48-52 Wyndham Street, Auckland CBD, Auckland 1010, New Zealand.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the forex broker OnePro at 48-52 Wyndham Street in central Auckland.

The target address is located on Wyndham Street in the heart of Auckland's CBD, surrounded by high-end retail stores, boutique shops, and office buildings. The area boasts convenient transportation and a vibrant commercial atmosphere. The building, named “Cathedral House,” is a five-story modern-style structure. According to on-site signage, floors 2 to 5 are designated as office spaces, with floors 2, 4, and 5 explicitly marked as co-working areas.

The field investigators easily accessed the building lobby, which features a digital directory displaying tenant information. Although OnePro was not listed, other financial service companies were identified. The building has robust security but does not restrict visitor entry. While co-working areas require keycard access, the investigators gained entry to common areas via front desk registration.

The inspection team focused on the 2nd-floor office space, which comprises three private offices—two occupied by financial service providers. Notably, Room 8 is leased to “Wai-Poi Financial Services Ltd.,” whose English name phonetically resembles “OnePro,” potentially causing confusion. Verification with property management confirmed that the company specializes in loans and has no affiliation with OnePro.

The target address is a typical co-working space with minimalist interiors, featuring open workstations and meeting rooms in shared areas. However, the investigators could not enter specific offices (marked “No Entry”) and only observed through glass doors. The 2nd-floor workspace appears compact, with limited seating, suggesting low overall occupancy capacity.

Through an on-site investigation, it is confirmed that OnePro does not have a physical presence at the place.

Conclusion

The survey team went to New Zealand to visit forex broker OnePro as scheduled, but did not find the company at its regulatory address. This suggests the broker maintains no physical business premises and uses the address solely for registration purposes. Accordingly, investors are advised to make a sensible decision following much deliberation.

Disclaimer

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