Retela was founded in 1947 with a capital of 3.794 billion yen. A member of the Japan Securities Dealers Association, Retela specializes in financial instruments such as investment trusts and foreign bonds. Retela’s major shareholders include Daiwa Securities, Japan Trustee Services Bank and Asahi Life Insurance. Retela implements separate management of deposits in order to protect customers funds. The company claims to be focused on customers’ needs and enable customers to feel comfortable in securities investment.
According to regulatory information, Retela’s office in Japan is located at 2-14-1 Kyobashi, Chuo-ku, Tokyo. WikiFX sent its survey team there for a field investigation.
The surveyors went to the road indicated by the address and saw Retela’s logo on a notice board at one intersection. This logo was quite eye-catching against a large green landscape picture.
The surveyors walked down the road and saw a Retela sign hanging on one side of a building’s wall. This building was just the destination for this survey.
The surveyors arrived on the other side of the building and saw several security guards on duty. Regrettably, the surveyors were unable to go upstairs to find out more about Retela, which was estimated to have around 20 employees at this office.
According to the information WikiFX has, the company is not currently regulated by any reputable regulatory authorities.
The company may be using a fraudulent license; the Japan FSA registration and license details (Number 4010001058041) on its website are suspected to belong to another entity.
The company is using Non-MT4/5 trading software.
A field survey by WikiFX confirmed that the actual address of Retela was consistent with that indicated by its regulatory information. The company claims to be holding a retail forex license from Japan FSA, yet its authenticity is questionable. Investors are advised to use caution before dealing with the firm.
Within 1 year | Suspicious Regulatory License | Non MT4/5 Software | <…
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