Japan’s Financial Services Agency (FSA) has earlier today updated its Warning List, which includes the names of overseas businesses that lack the necessary registration to target Japanese investors but nevertheless do so.
The latest additions to the list are two binary options brokers: Trade-Bo, operating from https://www.trade-bo.com, and Option Ace, operating from https://www.option-ace.com. Both companies say they are registered and regulated in the Seychelles.
The Japanese regulator is concerned that both of these brokers have Japanese versions of their websites, and this is considered as targeting of Japanese investors under Japanese laws. At the same time, these companies do not have permissions to offer derivatives trading services from the Japanese regulators. That is why they were included in the Warning List.
Less than two weeks ago, the FSA issued a warning against another overseas binary options brand – Marblestone Partners Ltd, which has also been targeting Japanese investors without the necessary regulatory permission.
To view the latest version of the list of unregistered derivatives trading providers in Japan, click here.