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Is Okasan Securities considered a safe and legitimate broker?

Broker Issues
OKASAN SECURITIES
Regulation
05-13
United States
WikiFX
Reply

Yes, Okasan Securities is considered safe and legitimate for investors, particularly those in Japan. The company has been operating since 1996, providing over two decades of experience in the financial market. It is regulated by the Financial Services Agency (FSA), ensuring compliance with local financial laws and regulations, which offers significant protection to investors. The broker’s operations are transparent, with clear information regarding its services, fees, and regulations, all contributing to its credibility. Okasan Securities' long history in the market and its focus on traditional investment products like stocks, ETFs, and bonds further add to its legitimacy. However, for international investors, Okasan Securities’ lack of global regulation outside Japan might raise concerns. Without licenses from international bodies, investors from countries outside Japan may not have the same level of recourse or legal protection if issues arise. This lack of broader regulatory oversight means that non-Japanese traders need to be cautious when choosing Okasan Securities as their broker, understanding the limitations of their protection.

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