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 one of the major currencies on forex trading market 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 set 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 local companies.

On-site visit

In this issue, the survey team went to Japan to visit forex broker三豊証券as planned according to its regulatory address that 1158-1 Kanonjicho, Kanonji City, Kagawa Prefecture, 768-0060, Japan.

On November 30, 2023, the investigators came to 1158-1 Kanonjicho in Kanonji City of Kagawa Prefecture, Japan, and located a building on the north side of County Road No. 39 extending north from JR Kanonji Station. It is adjacent to Kanonji Post Office, situated on its south side.

Upon arrival at the building for further investigation, the survey personnel spotted clearly the logo of三豊証券at the entrance. After entering the company, there were two employees providing service for customers and other four staff members analyzing market trends busily in the office featuring counter-style structure. In the meantime, only a few customers were visiting the company.

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

Conclusion

The survey team went to Japan to visit forex broker三豊証券as scheduled, and found the companys name at its regulatory address. This signifies that the broker has a physical business office at the location. Meanwhile, investors are advised to make a sensible decision following a comprehensive consideration.

Disclaimer

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