Breaking: Dukascopy Japan Officially Launches after Successful Acquisition
The launch of Dukascopy in the country comes after its voluntary withdrawal earlier this year on the back of the
The Japanese subsidiary of Dukascopy has officially re-enabled new account opening as of today. The move comes after the company voluntarily suspended its unregulated operations in the country. Shortly before the Swiss bank acquired the Japanese subsidiary of Alpari, the company announced the ceasing of its operations in the country.
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“We are delighted to be targeting the Japanese market in full compliance with local regulations. It is the largest Forex market in the world and we are happy to be able to deliver our brokerage services in this country. Furthermore, we are happy to inherit an experienced team from Alpari Japan.” he added.
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With the Japanese market continuing to show solid volumes this year the company is opening a new growth opportunity after reporting strong financial results for the first half of 2015.
In contrast to their global peers, Japanese brokerages have reported strong figures for the month of September even as volatility of the Japanese yen has declined somewhat. Japanese savers are actively pursuing opportunities to diversify their savings in a multi-decade low interest rates environment, which is likely to persist for the foreseeable future.
Dukascopy Japan has started offering its services in the country through its JForex platform.
Japan FSA runs a tight ship. Are they that nervous of capital flight from the country? That’s the only reason I can think of for them to limit Japan citizen’s trading choices in a similar style to the USA’s CFTC.