Japan’s Financial Services Agency the (FSA), which is the financial watchdog for Japan continues its strict vigilance over the markets and its efforts to protect Japanese investors.
Since according to Japanese laws, all entities offering investment services and targeting Japanese investors need to be properly registered with and authorized by Japanese authorities, the Japanese regulator often updates its warning list, which contains companies that target Japanese clients without the proper authorization.
The previous list update occurred two weeks ago and it was soon followed by a new update today. Continuing the trend that wants binary options brokers to be under close scrutiny by watchdogs all around, the updated list features amongst its additions a binary a binary options brand of Binext Global Ltd, operating from https://gbinarys.com.
The reason that GBinarys has made the list is that it has a Japanese website and it thus targets Japanese investors, without having obtained the necessary authorization from Japanese regulators, but is just registered overseas and more specifically in the Marshall Islands.