Japan’s Financial Services Agency (FSA) has earlier today updated the lists of online trading companies that target Japanese investors in the face of lacking the necessary authorization to do that.
The latest additions to the Warning List include one Forex broker and two binary options brokers:
- Max Trading (Commercial) Limited – this is a Forex broker, claiming to have the following address:Â 25 Mason Complex, Stoney Ground, P.O. Box 193 Stoney Ground The Valley, British Anguilla. The company offers its services under the DynamicTrade brand, with the website available in Japanese.
- STDF Services LTD – this is a binary options broker, also known as OPTIONS XO. It provides the following address: Invision House, HITCHIN, Herfordshire, SG4 0TW, England. Its website is available in Japanese too.
- ssbinary Administration Office – a binary options broker with an unknown address. Its website has a Japanese version too.
All of the above-mentioned companies are offering derivatives trading services to Japanese investors. Although they are doing this strictly online, they still should have registration with the Japanese regulators. As they do not have such permissions, they made it to the Warning List.
The updated lists of unregistered investment entities in Japan can be found by clicking here.