Purpose

The Japanese forex market is an internationally important foreign exchange market that developed after World War II, characterized by its large trading scale and flexible trading hours. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site investigation team traveled to Japan for a field visit.

Process

As scheduled, the on-site inspection team visited the forex broker AvaStocks in Japan. According to public information, its office address is 4th Floor, Akasaka Hillside Building, 2-18-1 Akasaka, Minato-ku, Tokyo.

A professional and experienced site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a meticulous plan to the target area in Japan to conduct an on-site verification of the broker AvaStocks, which claims to be located at that address.

The inspection personnel successfully arrived at the target building. The location was a small, low-rise building on a side street in central Tokyo, only three or four stories high, with a relatively quiet surrounding environment and an average commercial atmosphere. No company signage or relevant information was found on the exterior of the building.

The inspection personnel arrived at the front of the building. As there were no clear entry instructions for the building and no relevant security personnel in the vicinity, they attempted to enter but were unable to obtain entry permission.

Due to the inability to enter the building, they could not reach the target floor, let alone confirm whether there were clear signage or security measures at AvaStocks's office area. Simultaneously, they could not photograph AvaStocks's reception area. The office was not a shared workspace.

Looking through the building's glass door, due to the distance and inability to enter the interior, they could not observe the company's internal environment, style of decoration or employee activities, and thus could not judge whether the overall environment matched its claimed positioning.

Therefore, after the site inspection, it was confirmed that the broker AvaStocks does not exist at the aforementioned address.

Conclusion

The investigator visited the forex broker AvaStocks in Japan according to the plan, but could not find any information such as the company name at its publicly displayed business address, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the basis for final decisions.