Japan’s Financial Services Agency (FSA) earlier today updated its list of companies that seek to lure Japanese investors in the face of the lack of necessary authorization to do so.
Amid the latest additions to the list is MAX GAIN Ltd., aka 100 Options, a company offering binary options trading services via https://100-options.com/ja/.
The regulator issued a warning regarding this business, as it does not have the necessary license to provide such services to Japanese clients. Under Japan’s laws, binary options are considered financial trading instruments and trading with them is treated as a type of business with OTC derivatives.
All companies wishing to provide such services to Japanese investors have to obtain licenses in Japan, with the requirement applying to overseas firms that target Japanese clientele too. That is why, although MAX GAIN claims to be based in the UK, it should have gotten Japanese license in order to offer binary options services to Japanese clients.
To view the text of the warning regarding Max Gain (100 Options), click here.
To view the full list of overseas companies that provide derivatives services without the necessary license in Japan, click here.