Japan’s Kanto finance bureau warns TradeView, FXGlobe forex brokers are not regulated

Japan’s Kanto finance bureau warns TradeView, FXGlobe forex brokers are not regulated

- in All News, Warnings
FSA Japan

Japan’s Kanto finance bureau of the Finance ministry has update its list of unregulated entities soliciting Japanese clients without having the appropriate license, with the TradeView and FXGlobe forex brokers.

TradeView is a forex broker based on the Cayman Islands and is regulated by the local regulated by the Cayman Island Monetary Authority (CIMA). According to the Kanto bureau, however, the “names of the representatives are unknown” and the “company names and address are possibly false”.

TradeView Forex offers trading in 25 forex pairs, as well as contracts for difference (CFDs), precious metals and stock with variable spreads and commissions. Its product portfolio features both retail and institutional services.

FXGlobe is a forex and CFD broker registered and regulated by the Cyprus Securities Exchange Commission (CySEC). It offers trading on the MetaTrader 4 platform. It also has a white label program, introducing broker and an affiliates program.

Both TradeView Forex and FXGlobe appear to be properly regulated, but obviously do not have a license to offer their services in Japan, as required by law.

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