In recent years, online trading has been a growing activity. More and more operators are offering their services to interested consumers. But not all of them are trustworthy. Quite the contrary
Fortunately, regulatory bodies have been set up to monitor and regulate this market. Like the AMF or Autorité des Marchés Financiers in France, the Japanese regulator (FSA or Financial Services Agency) regularly unveils a blacklist, a list of operators to be wary of, and to be avoided.
Binary option trading in Japan
Binary option trading is a very popular activity in the Land of the Rising Sun. It should also be noted that the majority of regulated operators operating in Europe also offer their services to traders in Japan. Among them are 24Options, AnyOptions and TopOptions. These online brokers all offer a trading interface available in Japanese.
Moreover, it is very likely that the binary options market will be more developed on the spot, given that it is a truly popular financial instrument. This sector is also a victim of its success since there are many scams in this field. Fortunately, FSA, the regulator, keeps an eye on the situation, regularly revealing the list of operators to avoid so as not to have any unpleasant surprises.
Some brokers to avoid
The FSA in Japan therefore issued a press release containing some names of online brokers that should be avoided. In particular, Platinum Option is not likely to break through in France one day. This operator has its headquarters in Singapore, which is particularly suspicious since this country is considered a tax haven. In any case, it should be noted that the Japanese regulator’s criteria for drawing up its list are comparable to those used by the AMF to create its own list. The operators found there are in particular those who are not duly regulated in the country where they offer their services and who do not comply with the standards set by the control bodies. Ultimately, relying on these brokers is a major risk for traders who are exposed to a loss of capital and potential gains. For more security, choose a broker like TopOption, which is recognized throughout the world