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In my experience as a trader, regulatory oversight is a non-negotiable factor when evaluating any financial firm. For Simplex Asset Management, I confirmed that they are indeed regulated by the Financial Services Agency (FSA) in Japan, holding a retail forex license under the company name シンプレクス・アセット・マネジメント株式会社. The specific license number listed—関東財務局長(金商)第341号—matches what I expect from firms with legitimate authorization to operate within Japan’s strict financial framework. Personally, I place considerable value on FSA oversight because the regulatory standards in Japan are among the more rigorous globally, especially when it comes to protecting customer assets and maintaining operational transparency. However, for anyone considering Simplex Asset Management, regulation by itself shouldn’t lead to a hasty decision. My approach is always to look further into any risk alerts attached to a broker. In this case, there’s mention of a “suspicious scope of business” and “medium potential risk,” which makes me more cautious in spite of the FSA license. Speaking purely from my own trading practice, while regulatory oversight is comforting, it’s critical to remain attentive to ongoing reviews and risk signals before entrusting funds to any provider.