Reason for this visit

Recently, investors have called to ask for more exposure of Japanese licensees whose actual addresses are inconsistent with the regulatory addresses. Based on the feedback from investors and the work plan of the survey team, the survey team are going to visit saxo, a licensed dealer in Japan, to learn more about the actual situation.

On-site visit

According to the regulatory information, the dealer saxo is licensed by the Japanese regulator and located at 1-2-8 Toranomon, Minato-ku, Tokyo. The survey team thus decided to have an on-site visit to this regulatory address for confirmation.

The office of the dealer saxo was located in an office building near Humen Station. The waiting lobby was a stylish space with sofas and monitors. As the building was located in the office area, it was surrounded by many restaurants and kitchen carts, where were crowded with business people. Since there was no one at the front desk of the company, the surveyors could only take pictures from the outside but were not able to capture the interior of the company. However, the surveyor found the nameplate of the dealer.

Conclusion

The survey team went to visit the dealer saxo in Tokyo, Japan as planned. The dealer’s logo can be found on the publicly displayed address, indicating that the dealer had a real business place. However, the surveyors failed to enter the company for further visit, so the specific scale of the business remained unknown. Please be prudent when trading with this broker.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.