Local Watchdog Warns Against Brands Unlicensed to Operate in Japan

The Japanese Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term market is known to be among the most active in the world, attracting a lot of established and aspiring brokers. It is also highly regulated and hard to break into legally, which Leads Leads Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Read this Term to authorities routinely discovering and warning against websites operating without local approval. Today, a regional watchdog in Japan, the Kanto Local Finance Bureau (encompassing the Greater Tokyo Area), has issued a warning against a number of mainly binary options brands.

Among the seven brands in question are: PT-Option - a seemingly Chinese-focused brand operated by Platinum Option offering "one-minute registration" binary options trading; BinaryBest operated by the ominously named Pentagram Enterprise Ltd; Crown Binary - whose frequently asked questions page includes: "Is Crown-binary a scam? No, Crown-binary® is not a scam or a ‘con’ in anyway."

Additionally added to the watchdog's blacklist today are: The Australian-licensed brand of Highlow Markets Pty Ltd; Surprise Binary - operated by the BVI firm Fuji International Trading & Investment Co., Limited; Tip Option - operated by New Zealand based FGX Limited; and 365 Online Limited - another mainly Chinese-focused binary brand which has a Belize website domain but claims to be UK based.

All of these brands presumably offered trading services to Japanese clients or operated a website with Japanese language marketing and support which brought them to the attention of the authorities. According to Japanese regulations a firm must have a local financial license to offer binary options services in Japan regardless of whether or not it has a trading license from elsewhere in the world.