Japanese Ministry of Finance Issues Warnings Against OptionBit and FBS

[kreslik.news]

The Japanese Ministry of Finance has targeted two companies from the industry with a client warning. The firms in focus are binary options brokerage OptionBit and foreign exchange broker FBS.

According to the warning, neither of the companies possesses a license to operate in the country. Japanese authorities are strict in allowing only regulated firms to target residents and have been active in taking action to protect the public.


The international subsidiaries that are operating OptionBit and FBS are both identified as registered in St. Vincent and the Grenadines, an offshore destination that is frequently used by ... (read more)