Japan’s Watchdog Warns Against FXDD, XM.COM, Tradeview and OptionRally

The firms cited have either made solicitations or offered services online in Japan and/or in Japanese.

The Kanto finance bureau of Japan’s Ministry of Finance (MoF) has updated its warning list to caution potential investors against trading with several forex and binary options brokers, including some firms authorized by well-known regulators in other jurisdictions.

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The new blacklisted companies include some famous brands such as FXDD, XM.COM, TRADEVIEW MARKETS, among many others.

The firms on Kanto’s list may have regulation in other jurisdictions, but this is not sufficient as no such passports are recognised and firms need to also obtain JFSA authorization in order to do business in Japan.

Additionally, Kanto added additional binary options brokers to the list as part of the agency’s ongoing attempts to clamp down on unauthorised trading. OptionBit, OptionRally, Speed ​​Option and ROYAL OPTION are the latest binary options brands to be added to Kanto’s caution list.

The firms cited have either made solicitations or offered services online in Japan and/or in Japanese while not being permitted to do so. Japanese customers of these firms are not afforded the protections available to customers of firms properly licensed and regulated in the country.

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The Japanese watchdog confirmed that registration under the Financial Instruments and Exchange Act is required in principle, even for overseas operators, for offering financial instruments for Japanese residents or for transacting with them as counterparties.

The agency noted that the information used in the warnings was obtained from solicitation materials, and therefore may be inaccurate. In addition, investors are able to check on the Japanese Financial Services Authority (JFSA) website to confirm if a company is registered and regulated in the country.

The latest warning, dated June 9, includes the following names:

 

Trader nameService name
PLT Company LimitedFOREX HEART, FX-Heart
NC Ltd.ROYAL OPTION, ROYAL OPTION
Future Trust Co., Ltd.FutureTrust, Future Trust
Focus trade management secretariatFocus Trade, Focus Trade
TOSE CORPORATIONStock trend, KABUSHIKITREND
Wall Street Club Japan Branch
Infin Markets LimitedInfinmarkets
DREAM FOR A LIVING LTDBinaryKing 13
Investment coffee business administration, Inc.Investment cafe
Market link CorporationBusiness Leader Market, Business Leader Market, BLM
Big Boss Financial LimitedBig Boss Financial, Big Boss
Wilfort Corporation
White CorporationFIVESTAR TRADE, FIVE STAR TRADE
Hikari Co., Ltd.Stock hotline
Redream CorporationSTOCK EDUCATION
Nexus Trade Management OfficeNexus trade, Nexustrade
VISTA Management OfficeVISTA
FineStock administration officeFine Stock, FineStock
AQUARIUS LtdFX Noah
Pivot Markets International Inc.Pivot Markets, Pivot Market
Fukumi Corporation
Pinnacle Wealth Management Limited
Ariana Co., Ltd.Site, SITE, Stock Site
Hope CorporationStock Yomi
Tradeview LtdTRADEVIEW MARKETS, TRADEVIEW, TRADE VIEW
FX Globe LtdFXGLOBE, FX glove
IVA Gold ltd.Banco Capital, Banco Capital
New Life Co., Ltd.
Avic Corporation
Lotus CorporationUP, RANK (Rank)
Co., Ltd. ItemMG, MEDIA (media)
VOLtdOPTION COLOR
Winwin International Marketing LimitedCONNECT (connect, connect)
ZION CorporationCompass (COMPASS)
Million traders management officeMillion Traders (Million traders)
Flyer CorporationStock Time
ASSET MANAGEMENT
Light Co., Ltd.Stock channel
Classy Capital Management Co., Ltd.
Intelligence CorporationNEXT (NEXT)
Up Chance Holdings LimitedFinal stock project (FINAL STOCK PROJECT)
Pacific Investments Private LimitedHigh Trade FX
Stock CINEMA Management OfficeStock CINEMA (Cinema)
ALC CorporationStock VISION
FUTUREMAKE LTD.FUTURE MAKE FX
Trading Point (Seychelles) LimitedXM.COM (XM)
TO 88 LTD.Trend Option (Trend option)
Star Material Asset Management.LTDI Trader FX
Gallop Sea LimitedGALAXY Markets
Chemmi Holdings LimitedBinaryTilt
Brilliant Stage LimitedBrilliant One Forex
BINEXT SOLUTIONS SRL LTDGbinarys
Carolina Partners LLC (CAROLINA PARTNERS LLC)
Yamamoto Extension
F – Support Corporation
Cheshire Capital Ltd.TR Binary Options
Neo Climb Co., Ltd.Stock Fest A (Cub Festa)
Global Management Co., Ltd.
Sumo Forex LimitedBinaryTilt
Louis Private Advisory Salon
ABF Fund Management Company Limited

 

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