JFSA blacklists AAFX, Justforex and GlobePro
Japanese regulator blacklisted three offshore FX/CFD brokers. The main reason was the lack of regulations in Japan. Watchdag warned against
AAFXTrading Company LTD, which operates FX and CFDs business based out of Saint Vincent and the Grenadines. GlobePro, which is regulated by the VFSC in Vanuatu. The list also includes JF Global Limited, which owns the brand Justforex.
The firms on blacklist in Japan may have got a licence in others jurisdictions.