Japan’s regulator, the Kanto Financial Bureau, has issued a warning that HighTrade FX, owned by Pacific Investments Private Limited is not authorized to provide financial services and advice in Japan.
According to the watchdog, the entity has solicited Japanese residents offering them over-the-counter derivative transactions, without having the license to do so. The broker provides an address on the Maldives.
HighTrade FX operates from the website high-fx.com. It has a version only in Japanese and offers trading in forex and precious metals, via MetaTrader 4 (MT4). It also offers financial instruments handling, investment advisory and agency business, commodity futures trading and educational materials.
Earlier this month the Financial Services Agency (FSA) has warned against the forex broker FutureMake FX. It also added a number of other forex and binary options brokers to its list of unauthorized entities.