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FX Okami has license or not? It's important to me!
Natasha
Japan
2022-08-09
ANSWER FX Okami is not an authorized and regulated broker for traders even though it states offers that look good to be true. FX Okami claims to be a Japan-based firm. We searched the Japan Financial Services Agency (Japan FSA) but did not find any match results to this broker. That means FX Okami is not an approved broker in Japan.Besides, FX Okami claims to be operated by AT Global Markets (UK) Limited, a company regulated by the United Kingdom Financial Conduct Authority (FCA) under regulatory number 760555. We indeed find a match result to the regulation of AT Global Markets (UK) Limited in FCA, but we also find a fun fact that FCA listed FX Okami as a clone firm of this FCA-regulated firm. Claiming FX Okami was using the details of a regulated firm to try to convince people that it works for a genuine, authorized firm. You can check the full warning from here.The truth is, FX Okami is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like FX Okami and trade with licensed brokers.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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