Brilliant One Forex FSA Warning


11 May AtoZForex, Vilnius — The Financial Services Authority (FSA) of Japan continuously monitors its jurisdiction for illegal and unauthorised investment companies. This consequentially led into an update of the list of investment companies that were unregistered and had been targeting local Japanese residents. The most recent investment company to join the list was Brilliant Stage Limited. As the financial regulator issues the Brilliant One Forex FSA Warning. 

The financial entity operates under the brand name Brilliant One Forex. The Forex service provider is an offshore company and claims to be based out of the Seychelles. As their website disclosed the following details: Serous Chambers, P O Box # 334, Floor 1, Suite # 3, La Ciotat Building, Mont Fleuri, Mahe.

Reasons behind Brilliant One Forex FSA Warning

97/100
Multibank Review
Visit Site
96/100
Capital.com Review
Visit Site
96/100
Markets.com Review
Visit Site

The company promotes and offers its forex services through an online medium, its corporate website hosted at brilliantoneforex.com. The website has an alternative Japanese language version that clearly indicates their intentions on targeting Japanese speaking demographic, such as Japanese clients and residents.

The framework of Japanese law stipulates that even in the case where a derivatives or investment services provider is located beyond the boundaries of Japan, the provider has to attain the registration that is necessary. In this case, from the relevant Japanese authorities FSA. Companies that fail to obtain the required registrations / permissions from the relevant regulatory authorities and are apprehended over the fact end up being incorporated into the list indicating unregistered businesses.

Considering that Brilliant One Forex got alleged with offering their services to investors in Japan through its online medium, the Brilliant One Forex FSA warning got issued. 

FSA documentation

Be cautious and always double check the financial firm that you are planning to commit funds with. Especially for investors in Japan, you have to check the list of unregistered investment companies on the official FSA website. The official website of the Japanese regulator does not only lists local institutions that are regulated but also informs about foreign financial firms.

Think we missed something? Let us know down in the comments section.

Leave a Reply

Your email address will not be published.