The MoF – Kanto Finance Bureau of Japan’s Ministry of Finance just like many other regulators around the world are posting warnings and compiling “blacklists” on their website instead of actually doing there jobs – regulating the binary options trading market, which is a part of the financial trading arena around the globe for many years now.
The MoF added another binary options broker to its warning list for soliciting Japanese investors. The problem is that japan does not seem to want to regulate the binary options market, so any Japanese trader that trades on a brokers website automatically is making illegal trades with the broker that is not and can not be regulated in Japan, turning the broker into a “bad guy” without the broker even knowing about it.
The only thing brokers can do these days is make sure that all Japanese computers and internet IPs are blocked from their websites and to make sure that their depositing method filters out any Japanese investors trying to make a deposit. Japans regulators have posted many warning already on their website, regarding binary options brokers from around the globe, mainly EU brokers, and the broker gets very bad rep when the regulators post these warning, even if the broker is EU regulated and licensed and total legit.
The warning was issued for investor caution with: IVA Gold Ltd, Banco Capital, www.banco-capital.com,
These entities which use the brand name of Banco Capital at website www.banco-capital.com do not have a Japanese license to trade and accept Japanese clients (no one does) and have apparently either solicited or accepted Japanese traders under their binary options brand called “Banco Capital”.