Breaking: EZTD Enters Japan, Becomes Licensed by FFAJ
- EZTD has announced the launch of a Japanese regulated brokerage entity as the firm gains regulation from the FFAJ to operate in Japan.
EZTD, formerly known as EZTRADER and trading on the OTC Markets, has announced that it has become licensed as a regulated broker in Japan. Registered as a Securities Company with the Financial Futures Association of Japan (FFAJ), EZTD adds its name to a short list of foreign retail brokers becoming regulated in the country. Other foreign based retail firms include Saxo Bank, OANDA, Dukascopy, AVA Trade and GAIN Capital.
Operating several different trading brands, EZTD offers both binary options and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFD trading to retail customers under their Cyprus regulated brokerage. Entering Japan, the firm is operating under the EZINVEST brand, with the Japanese unit offering forex trading to clients. However, with the FFAJ license, EZTD has the ability to additionally launch binary options in the country as well, a model used by many local brokers.
Although one of the most restrictive markets for forex brokers due to restrictions on leverage to 20:1, Japan is the largest country by retail trading volume. Helping drive volumes higher are industry-wide tight spreads as well as investor bias to favor forex trading over other asset classes. In this regard, Japan contrasts with other markets such as the US where stocks are the main asset traded by retail clients.
Commenting on the potential of Japan, Shimon Citron, CEO of EZTD, stated: “Obtaining a license in Japan, a country with a population of nearly 130 million, provides EZTD with an opportunity to expand into one of the largest markets worldwide for foreign exchange (FX) and CFDs.”
Overall, the news continues a busy period for EZTD. In January, EZTD fulfilled requirements to be listed on the OTC Market's OTCQX Market. In addition, the firm signed a sponsorship deal with the Tottenham Hotspur Football team last month. Those set of announcements occurred after the firm's EZ Trader binary option brand was hit with a €340,000 fine from CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term in Q4 2015.
EZTD, formerly known as EZTRADER and trading on the OTC Markets, has announced that it has become licensed as a regulated broker in Japan. Registered as a Securities Company with the Financial Futures Association of Japan (FFAJ), EZTD adds its name to a short list of foreign retail brokers becoming regulated in the country. Other foreign based retail firms include Saxo Bank, OANDA, Dukascopy, AVA Trade and GAIN Capital.
Operating several different trading brands, EZTD offers both binary options and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFD trading to retail customers under their Cyprus regulated brokerage. Entering Japan, the firm is operating under the EZINVEST brand, with the Japanese unit offering forex trading to clients. However, with the FFAJ license, EZTD has the ability to additionally launch binary options in the country as well, a model used by many local brokers.
Although one of the most restrictive markets for forex brokers due to restrictions on leverage to 20:1, Japan is the largest country by retail trading volume. Helping drive volumes higher are industry-wide tight spreads as well as investor bias to favor forex trading over other asset classes. In this regard, Japan contrasts with other markets such as the US where stocks are the main asset traded by retail clients.
Commenting on the potential of Japan, Shimon Citron, CEO of EZTD, stated: “Obtaining a license in Japan, a country with a population of nearly 130 million, provides EZTD with an opportunity to expand into one of the largest markets worldwide for foreign exchange (FX) and CFDs.”
Overall, the news continues a busy period for EZTD. In January, EZTD fulfilled requirements to be listed on the OTC Market's OTCQX Market. In addition, the firm signed a sponsorship deal with the Tottenham Hotspur Football team last month. Those set of announcements occurred after the firm's EZ Trader binary option brand was hit with a €340,000 fine from CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term in Q4 2015.