Japanese Regulator Warns Against XM.com, BinaryTilt and I Trader FX

[kreslik.news]

The Kanto Local Finance Bureau, which is one of the 11 Japanese financial regulators in charge of different provinces, published an updated list of companies that are not allowed to offer services in Japan.

The list includes several firms, but most notably includes the Cyprus Securities and Exchange Commission (CySEC) regulated XM.com. The company seems to have been operating in the country without the appropriate license. Japanese law doesn’t allow foreign companies that are not licensed by the Japanese Financial Services Authority (JFSA) to onboard clients from the country.


XM.com is joined by a number of unregulated ... (read more)