Japan’s Financial Services Agency (FSA) earlier today updated its list of unauthorized investment businesses that nevertheless target Japanese investors.
The latest addition to the list is JET Option, a brand of Capital Swift Investments Ltd. Via its website (https://jet-option.com), the company offers binary options trading services to clients worldwide and also has a Japanese version of the website, so the watchdog is right in inspecting the brokerage closer.
The website does not provide any physical address of the company, but the regulator notes that even if a company that is offering trading in derivatives (and binary options are treated like derivatives in Japan) is registered outside of Japan, it should have a Japanese license to target Japanese investors.
One last thing to note is that JET Option offers binary options with expiration times as short as 30 seconds, thus running contra Japanese regulations which prohibit offering such short-term binary options.
To view the text of the warning against JET Option, click here.
To view the updated list of unlicensed investment businesses in Japan, click here.