WikiFX

Sagot

Based on my personal assessment of Utsumiya, I cannot recommend attempting to deposit funds using cryptocurrencies such as Bitcoin or USDT. In my own trading journey, I have come to value transparency and regulatory oversight above all else, especially when it comes to funding my account. Utsumiya's situation concerns me, as their retail forex license from Japan's FSA has been revoked, which means there is currently no valid regulatory body overseeing their activities. Additionally, I have not found any reliable information about their deposit methods, including whether they accept cryptocurrency deposits at all. In my experience, when a broker offers crypto deposits, it is usually stated clearly on their platform due to the specific compliance and transaction processing required. The lack of any such detail—paired with the company’s overall lack of transparency regarding trading platforms, fees, and account types—raises significant red flags. For me, the combination of a revoked regulatory license and missing information on funding options creates an environment that is far too risky for handling my capital. If secure and regulated crypto funding is a priority, I would only consider brokers with active, strong regulation and thoroughly outlined payment procedures. As always, safeguarding your funds and privacy should be the foremost concern.