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 MARUCHIKA as planned according to its regulatory address that Teramachi-dori, Takatsuji, Shimogyo-ku, Kyoto City.

On October 20, 2023, the investigators came to Shimogyo Ward, Kyoto, where an independent office building was situated. The location boasts a little traffic due to not being at the main street, with 10-minute walk away from the Kyoto Kawaramachi Station. Meanwhile, there are a variety of restaurants, tea house, convenient store, animation product retailer, etc. nearby.

After arriving at the building, the investigators easily spotted the company name and logo of MARUCHIKA at the entrance. There was a reception area in the lobby. However, people werent allowed to enter the working area without an appointment.

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

Conclusion

The survey team went to Japan to visit forex broker MARUCHIKA as scheduled, and found the companys name at its regulatory address. This suggests 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.