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From my own research and experience interpreting broker profiles, I have serious reservations about the legitimacy of Utsumiya at this time. The most critical red flag is their lack of valid regulatory oversight. Although Utsumiya was once licensed by Japan’s Financial Services Agency (FSA), that retail forex license has now been revoked. In my view, this is more than a technicality—regulatory status is central to client safety, dispute resolution, and the integrity of client funds. A revoked license suggests that the broker failed to meet the very standards designed to protect traders. Furthermore, I am particularly uncomfortable with Utsumiya’s lack of transparency. Important details—such as account types, trading costs, leverage, supported platforms, and even basic operating conditions—are missing or unavailable. As someone who relies on full information to assess risk, this lack of disclosure is, for me, a strong reason to look elsewhere. Even though the firm has a long history, dating back to 1949, past reputation alone cannot compensate for these deficiencies. In trading, I always prioritize brokers who are currently regulated by recognized authorities and who provide clear, up-to-date information about their services. In Utsumiya’s case, I do not see the safeguards that I consider essential, and I would not feel comfortable trading or holding funds there. For my own trading and financial security, I am careful to only consider brokers with robust, verifiable regulation and transparent operations.