Japanese financial markets supervisor issued ROYAL OPTION Japan Kanto Bureau warning along with other two warnings today. Is ROYAL OPTION scam or reliable?
28 April, AtoZForex – The Kanto finance bureau of Japan’s Ministry of Finance (MoF) has updated its warning list with the aim of protecting investors’ community across Japan. The regulator has issued three warnings, where one of them comes for the Binary Options broker operating under the name ROYAL OPTION.
ROYAL OPTION Japan Kanto Bureau warning
In addition to the other two warnings against Binary Options and Forex brokers, Japanese financial regulator has issued ROYAL OPTION Japan Kanto Bureau warning. The firm is claiming to have an office in Saint Lucia.
Moreover, this Binary Options broker has no authority to solicit to Japanese investors. Nevertheless, Japanese supervisor believes that ROYAL OPTION was soliciting or offering its services online in Japan.
See also: SPEED OPTION Japan Kanto Bureau warning
The warning note from Kanto Local Finance Bureau
The Japanese regulator states that the investors that are dealing with financial firms, which do not have the registration with the Japanese Financial Services Authority (JFSA) are under the big risk. The watchdog highlights that the registration under the Financial Instruments and Exchange Act is obligatory. Moreover, this registration is applicable for the firms operating from abroad.
The Japanese regulator website mentioned that the information used in the warnings was collected from solicitation materials in the region. Hence, it might not be a hundred percent accurate. However, the Japanese regulator did note that the ROYAL OPTION does not possess over the necessary licenses in Japan.
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