Alpari to withdraw from Japan

It seems Alpari is domination this week's Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term headlines. Alpari both announced the sponsorship of the Madison Square Garden (including the New York Knicks) and that one of its group companies has received a CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term license. We now also learn that Alpari is withdrawing from Japan.

In a laconic statement on its UK website this can be seen:

Important changes affecting residents of Japan:

We would like to inform you that Alpari (UK) has taken the decision to withdraw from the Japanese market and will no longer provide a trading service for residents of Japan. We can assure you that this decision has not been taken lightly, and has resulted from regulatory and commercial considerations. If you have any queries regarding this matter, please contact our client services team on support@alpari.jp. Alpari (UK).

This is actually not surprising as with the leverage decrease there brokers' profitability has immensely decreased while the comparativeness has risen. Alpari is also not a local player and Japan is notoriously a difficult market to operate at and is almost exclusively being dominated by huge local players such as Gaitame.