JFSA Warns against Unlicensed Companies, Some CySEC Regulated Entities

A recent Japanese Financial Services Agency announcement has publicly listed several companies related to 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 and the binary options space as not being allowed to operate in the country. The full list of firms also includes financial services companies which are suspected of being engaged in one or another form of fraudulent business conduct and have not been licensed nor regulated within any jurisdiction.

According to the announcement issued by the JFSA, the regulator has informed the firms about the requirements to do business in Japan. The statement adds that there might be other companies operating without licenses, not mentioned in the list, which can be found on the website of the Japanese financial regulator.

The full list is available on the JFSA's website.

Tradologic Japanese Partnership

Meanwhile binary options Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term Tradologic has been well established in the local market, after it started a partnership with FX Trade Financial in October last year, with its binary options platform solution dedicated to customers on the Japanese market. After the companies partnered up together, the platform, which is fully compatible with Japanese regulations, has been gaining traction.

The company has also obtained patents issued by the Japan Patent Office for the specific system and methodology which Tradologic is using to provide its platform for trading financial instruments in Japan. A company spokesperson has confirmed to Forex Magnates' reporters that patented technologies include Auto Trade, MultiX (simultaneous trading of three assets), Extend (Roll Over, Buy extra Time), Double (doubling a bet), Insurance, Re Strike (or Buy Pips - allowing to change the entry price for an additional bet), Close (Stop, Sell, Buy me Out) and Binary 100 (where traders predict if a given event will happen (BUY) and profit the difference between the purchase price and 100 or if an event will not happen (SELL) and profit the contract price).