Reason for this visit

As the world‘s third largest economy, Japan is the one of the forex trading hubs in Asia-Pacific. JPY has become a major currency in the trading as the global trade and capital flow expands. The country boasts a large scale forex spot market, with an average daily transaction volume of around 300 billion US dollars. Institutional investors are the main participants, while the proportion of individual investors rises steadily. At the meantime, the Financial Services Agency (FSA) and the Securities and Exchange Surveillance Commission (SESC) in Japan impose more stringent regulations on forex brokers, requiring them to verify the customers’ identity and hold sufficient funds. Recent years have witnessed the rise of online trading platforms. In brief, with an increasingly strict regulatory rules, Japans forex market is expected to embrace bright prospects – or a more stable global role for JPY. In an attempt to help investors better understand the current situation of forex brokers in Japan, WikiFX survey team is going to the country for on-site visits to the local companies.

On-site visit

In this issue, the survey team went to Japan to visit forex broker Shizuoka Tokai as planned according to its regulatory address that 7/F, 5 Furaikan, 2-1-5 Gofukumachi, Aoi-ku, Shizuoka.

On November 13, 2023, the investigators came to an office building at a commercial street corner of Aoi-ku in Shizuoka, Japan. The location is easily accessible via public transport, like subways and buses nearby.

After entering the mansion, the investigators easily spotted a directory, which displayed that Shizuoka Tokai was situated on the 7th floor in the building.

And then the survey personnel accessed the 7th floor by lift in the building, and clearly saw the company name and logo of Shizuoka Tokai at its office.

Through an on-site investigation, it is confirmed that the company has a physical presence at the place.

Conclusion

The survey team went to Japan to visit forex broker Shizuoka Tokai as scheduled, and found the companys name at its regulatory address. This indicates that the broker has a physical business office at the location. Meanwhile, investors are advised to make a sensible decision based on an overall consideration.

Disclaimer

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