Japan’s Financial Services Agency (FSA) has updated its list of companies that target Japanese investors without having the authorization from local regulators to do so.
The latest addition to the warning list is Titan FX Limited, which offers its services via https://titanfx.com. The website is targeted at potential clients across the globe, including Japan, so the FSA was right to pay attention to the broker.
However, being a licensed investment entity overseas does not automatically translate into authorization for the Japanese market. In fact, overseas companies have to obtain licenses from Japanese regulators in case they wish to target Japanese investors, including via Internet means. This is why Titan FX made it to FSA’s warning list.