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 decides to go 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 SHIZUGIN TM as planned according to its regulatory address that 1-13 Otemachi, Aoi-ku, Shizuoka 420-0853 (Agora Shizuoka 4th floor).

On November 13, 2023, the investigators came to a modern commercial complex in downtown Shizuoka, Japan. There are plenty of amenities such as bank, concert hall, theater, lecture hall, etc. in the building.

After arriving at the mansion, the investigators easily spotted a lobby directory, which displayed that SHIZUGIN TM was located on the 4th floor in line with its registration information published.

And then the survey personnel accessed the 4th floor in the block, and clearly saw the company name and logo of SHIZUGIN TM at its office, a professional business operation place with a reception area.

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

Conclusion

The survey team went to Japan to visit forex broker SHIZUGIN TM 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.