Japan’s FSA issues warnings against three FX, binary options brokers


Japan’s Financial Services Agency (FSA) has updated its lists of unregistered entities that offer financial instruments services to Japanese investors. The latest additions to these lists are three – two Forex brokers and one binary options broker.

Fox International Partners Ltd

The company is also known as Fox Forex. It provides the following address: Global Gateway 8, Rue de La PerLe, Providence, Mahe, Seychelles. The Japanese regulator has found that this entity is associated with other businesses against which it has warned in the past, including: Round Mountain LTD, BinaryOptions Service Provider Ltd., B.O.M.STANDARD LTD. (Binaryoption Minute).

BM GROUP ASIA, INC

The company is also known as FXBEST.

The broker provides the following address: P.O.BOX.957 Offshore Incorporation Centre, Road Town, Tortola, British Virgin Islands.

Let’s note that both the brokers mentioned above are registered overseas but as they have Japanese websites, the Japanese laws require them to obtain the necessary registration with Japanese regulators too.

Sun Ford Biz

This is a binary options broker also known as SSTrade. Its address is unknown but it also has a Japanese website targeting Japanese investors, which means it has to be registered with Japanese regulators.

The updated warning lists can be viewed by clicking here.

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Japan’s FSA issues warnings against three FX, binary options brokers

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