Survey Reason

Recently, the inspection team received investors ’phone calls with the hope of more Japanese licensed brokers whose real addresses were not consistent with those declared by supervision agencies exposed. The investigation staff would visit virtual, a Japanese licensed broker, for the real situation in this period, according to investors’ feedback and the working schedule of the inspection team.

Company Building

According to the regulatory information, the address of virtual was 2-8-1, Higashi-shimbashi, Minato-ku, Tokyo. The investigation staff visited the spot.

According to the address declared by the supervision agency and navigation, they came to Higashi-shimbashi in Japan.

They finally found the address declared by the supervision agency after circled around the office building marked by it serval times.

They noticed that there was a company’s signage outside the building, but didn’t find the name of virtual after scrutinizing.

Summary

According to the on-the-site investigation, the staff attested that the office address of the Japanese licensed company, virtual, was not consistent with the address declared by the supervision agency. Although the broker held a FSA forex retail license, the suspicion of cloning shall not be excluded.