Recently, investors called WikiFX, expressing their hopes for WikiFX exposing more Japanese brokers, whose real addresses are inconsistent with ones in their regulatory information. Given that, the investigators went to the Japanese broker Ginga in this series for a closer look.
Ginga’s office address in the regulatory information is 2-12-16, Shinkawa, Chūō-ku, Tokyo. The investigators carried out a field survey to this licensed broker.
The investigators found the company building via Google map. The investigators entered the building, where there was a sign board in the ground floor. Having scrutinized the board, the investigators didn’t find the broker’s logo or its related information. For an accurate survey result, they asked the guards in the building, who claimed to know nothing.
Regulatory information is verified to be invalid, please be aware of the risk!
Current data show that the broker doesn’t use MT4/5 as its trading software, please be aware of the risk!
The FSA license (license number: 6120001077375) claimed by this broker is a suspicious clone, please be aware of the risk!
The investigators, based on the result of this field survey, confirmed that Ginga’s real address failing to match with the one in its regulatory information. Though the broker claimed to hold a retail forex license issued by FSA, the license is suspected to be a clone one. In case of money losses, please be serious in choosing this broker.
5-10 years | Regulated in Japan | Retail Forex License | Non MT4/5…
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
China Hong Kongwww.wikifx.hk