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As an experienced forex trader, the first thing I look for in a broker is proper regulatory oversight, and LINE FX is regulated by Japan’s Financial Services Agency (FSA) under license number 関東財務局長(金商)第3144号. For me, this is a significant assurance because the FSA is known for its strict regulatory standards and frequent compliance checks. This framework requires brokers to implement adequate risk management, separate client funds from company assets, display transparency in operations, and maintain sound business stability. Having a Retail Forex License in Japan also means LINE FX must adhere to guidelines designed to protect retail traders against certain operational and financial risks. For example, leverage is capped at 1:25, lowering the risk of catastrophic losses. Likewise, spreads are clearly communicated—in the core trading hours, the EUR/USD spread is fixed at 0.3 pips, indicating transparency in pricing. However, despite these safeguards, I remain cautious. No regulator can guarantee complete safety, and issues can still arise—as seen in some troubling user reports regarding withdrawal delays or disputes. In my view, while FSA oversight makes LINE FX safer than unregulated alternatives, it’s essential to stay vigilant, use conservative risk management, and not rely solely on regulatory status for peace of mind.