WikiFX

Reply

Based on my careful research and personal experience navigating broker compliance, I found that Utsumiya is not currently overseen by any active regulatory bodies. The company once held a Retail Forex License from Japan’s Financial Services Agency (FSA), but this license has been revoked. For me, regulatory oversight is a non-negotiable safeguard because it means the broker must adhere to specific standards around client fund protection, transparency, and fair dealing. With Utsumiya’s FSA license revoked, I see a substantial risk; there’s no recognized financial authority holding them accountable at present. This lack of current regulation is troubling because, as a trader, I rely on clear industry supervision to reduce the risk of malpractice or sudden changes to trading terms. Even though Utsumiya has a long business history and is based in Japan, I cannot ignore that the absence of a valid license removes essential layers of trust and potential recourse for clients if issues arise. In summary, after reviewing all public facts, I have to stress that Utsumiya operates without any active regulatory oversight, which for me is a significant caution flag. In the forex industry, this usually means increased potential for risk, and I would not proceed with such a broker without up-to-date, verifiable regulation.