The Japanese regulator has issued a FX-Heart Japan Kanto Bureau warning. The watchdog also has warned investors against dealing with this firm.
28 April, AtoZForex – Today, the Kanto finance bureau of Japan’s Ministry of Finance (MoF) has warned the investors’ community against dealing with Forex broker operating under the name FX-Heart.
FX-Heart Japan Kanto Bureau warning
The Kanto local finance bureau of the MoF has warned the public against dealing with the FX-Heart broker. The website of the firm is stating that the broker is operating under the name PLT Company LIMITED. According to the Japanese regulator, PLT Company Limited operates also another brand called FOREX HEART. Meanwhile, the firm is listing the following address on its official website: POBOX 3269, Apia, Samoa.
Lacking the Japanese license, the financial firm has no authority to operate in Japan and therefore is prohibited from soliciting to Japanese citizens. Bear in mind that investors should not confuse this firm with Belize licensed brokerage Heart Capital Limited, which operates Heart Forex. A brand name that is quite similar and could confuse investors.
See also: ROYAL OPTION Japan Kanto Bureau warning
Japan Kanto’s note to investors
As the watchdog has issued FX-Heart Japan Kanto Bureau warning, the regulator also reminded that investors need to exercise extreme caution. The supervisor highlights that traders can find out if the company has the license and the authority to provide its services in Japan. In order to do so, investors can check the website of the Japanese Financial Services Authority (JFSA).
The Japanese regulator website mentioned that the information used in the warnings comes from solicitation materials in the region. Hence, it might not be a hundred percent accurate. Despite having only the solicitation materials, the Japanese regulator did note that the FX-Heart does not possess over the necessary licenses in Japan.
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