Japan’s FSA warns against New Zealand broker Titan FX

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.

titanfxTitan FX Limited is registered in New Zealand – the address is Level 4,228 Queen Street Auckland 1010 New Zealand, and is an authorized Financial services provider in New Zealand.

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.

To view the full list of overseas Forex brokers that are not authorized to offer their services in Japan, click here.

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