Reason for this visit

Recently, investors have called to ask for more exposure of Japanese licensees whose actual addresses are inconsistent with the regulatory addresses. Based on the feedback from investors and the work plan of the survey team, the survey team are going to visit FOREX EXCHANGE, a licensed dealer in Japan, to learn more about the actual situation.

On-site visit

According to the regulatory information, the dealer FOREX EXCHANGE is licensed by the Japanese regulator and located at 5/F, YH Building, 2-6-8 Shinkawa, Chuo-ku, Tokyo. The survey team thus decided to have an on-site visit to this regulatory address for confirmation.

The office of the dealer FOREX EXCHANGE was on the 5th floor of the YH Building, which was located between Hatchobori Station on the Keiyo Line and Kayaba-cho Station on the Tozai Line. The surrounding area looked more like a residential area than an office area. The surrounding was also quiet with schools and residential areas nearby. Since an entry pass was required to enter the building, the surveyors could only take pictures from the outside, but were unable to photograph the inside of the building. However, the surveyors found the nameplate of the dealer.

Conclusion

The survey team went to visit the dealer FOREX EXCHANGE in Tokyo, Japan as planned. The dealer’s logo can be found on the publicly displayed address, indicating that the dealer had a real business place. However, the surveyors failed to enter the company for further visit, so the specific scale of the business remained unknown. Please be prudent when trading with this broker.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.