The Kanto finance bureau of Japan’s Ministry of Finance (MoF) today issued a warning against Cheshire Capital Ltd, operating under the name of TR Binary Options. TR Binary Options is the latest name to be added to its list of financial service providers who have solicited Japanese investors but are not authorised to do so.
TR Binary Options, originally known as TradeRush, is owned by Marblestone Partners Ltd, U.K. The company previously received a warning in Japan in October 2015 and was added to Canada’s BCSC (British Columbia Securities Commission) warning list as far back as August 2013 for offering services within its jurisdiction without a licence.
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On this occasion, the binary options broker has been red-flagged for offering its services to Japanese investors via its website www.trbinaryoptions.com/ja/. While the company purports to be registered in the United Kingdom, this does not automatically allow it to solicit Japanese investors with its services. As TR Binary Options lacks the required authorisation, it has made it onto the Kanto Finance Bureau’s warning list.