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高辻通, Kyoto, Japan
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 a major currency in the trading 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 expected 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 is going to the country for on-site visits to the local companies.
On-site visit
In this issue, the survey team went to Japan to visit forex broker Kyogin Securities as planned according to its regulatory address that 6/F, East Building, Kyoto Bank Head Office, 700 Yakushimae-cho, Karasuma-dori Matsubara, Shimogyo-ku, Kyoto City.
On October 20, 2023, the investigators came to Shimogyo-ku, Kyoto, where a commercial building was situated. The building boasts a fabulous location beside a street with 10-minute walk away from the Subway Station. Meanwhile, there are fully equipped amenities nearby at the place with a busy environment teeming with crowds of people.
Many companies are located in the building, such as the Bank of Kyoto, Ltd., Nikko Hotel, Jewelry store, Insurance company, etc. And the company signage of Kyogin Securities is displayed at the entrance of the building.
After arriving at the building, the investigators spotted a reception area and directory on the ground floor. From the directory, it could be seen that Kyogin Securities was situated on the 6th floor. However, people werent allowed to go to upstairs via the elevator without an appointment in advance.
Through an on-site investigation, it is confirmed that Kyogin Securities has a physical presence at the place.
Conclusion
The survey team went to Japan to visit forex broker Kyogin Securities as scheduled, and found the companys name at its regulatory address. This suggests that the broker has a physical business office at the location. Meanwhile, investors are advised to make a sensible decision based on an overall consideration.
Disclaimer
The content is used for informational purpose only, and shall not be taken as a final order for making a choice.
Website:https://www.kyogin-sec.co.jp
Website:https://www.kyogin-sec.co.jp
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