Founded in 1957, Yutaka has a capital of 1.722 billion yen, 11 branches and 400 employees (as of April 1, 2019). In 1991, Yutaka received a first-class commodity trade license from Japan’s Minister of Agriculture, Forestry and Fisheries and the Minister of International Trade and Industry. In 1996, Yutaka obtained financial futures trading license from Kanto Local Finance Bureau. As a member of the Tokyo Financial Exchange, the Tokyo Commodity Exchange, Osaka Dojima Commodity Exchange, the Japanese Commodity Futures Trading Association, Japan Commodity Investment Sales Association, Japan Securities Dealers Association, Type II Financial Instruments Firms Association and Chicago Mercantile Exchange, Yutaka’s main businesses include commodity futures trading, financial instruments trading and brokerage, gold bar sales and so on.
According to regulatory information, Yutaka’s office in Japan is at 1-16-12 , Nihonbashi-Kakigaracho, Chuo-ku, Tokyo. WikiFX sent its survey team to this place for a field investigation.
With the help of Google Map, WikiFX’s survey staff found the office building shown in the regulatory information. The surveyors walked into the office building and had a panoramic view of the street outside the window.
Surveyors found two directory signs, but did not find YUTAKA’s name even after searching carefully. The surveyors then resorted to the security guards for the company’s whereabouts and learned that YUTAKA’s office had been moved to Tokyo’s Ota City.
A field investigation by WikiFX found that YUTAKA’s office had been moved to somewhere else than the one shown in the regulatory information. The company holds a retail forex license from the Japan FSA and is believed to be compliant with regulations and laws. Although a survey to the new site was not conducted, WikiFX believes that the broker does have a physical presence in Tokyo. The surveyor will go to the broker’s office in Japan again according to its new office address.
1-2 years | Suspicious Regulatory License | Non MT4/5 Software | S…
Yutaka Shoji Co.，Ltd
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