Purpose

The Japanese foreign exchange market is an international forex market that developed after World War II, with a mature financial system and active trading atmosphere. In order to help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the site inspection team went to Japan for an on-site visit.

Process

This time, the site inspection team planned to go to Japan to visit the forex broker Okato on site. According to public information, its office address is 2-12-16 Shinkawa, Chuo-ku, Tokyo.

A professional and experienced site inspection team, with a sense of mission to strictly screen for investors, went to Japan according to a meticulous plan. They conducted an on-site verification of the broker Okato which claimed to be located at 2-12-16 Shinkawa, Chuo-ku, Tokyo.

The site inspectors arrived at the location smoothly, which is a luxury building in downtown Tokyo, with a bustling surrounding environment and a strong business atmosphere. However, no signage or relevant information of Okato company was found outside the building.

The site inspectors entered the lobby of the building and stated their purpose to the security or staff. After communication, they obtained permission to enter.

However, after arriving at the target floor, the site inspectors found no obvious signage or security measures for the Okato company's office area. The site inspectors asked the front desk in the lobby, and the front desk stated that they had never heard of Okato company, so they could not reach the specific floor and confirm the specific location, nor could they enter the company's interior, let alone take photos of the front desk and its logo. Moreover, the office is not a shared office.

Since it was not possible to enter the interior, the internal environment, decoration style, employee activities, etc. could not be observed.

Therefore, after the site inspection, it was confirmed that the broker Okato does not exist at the above address.

Conclusion

As planned, field inspection personnel went to Japan to conduct an on-site visit to forex broker Okato. At its publicly displayed business address, they were unable to see the broker's company name or other information, indicating that the broker does not have a real business premises. Investors are advised to consider all factors before making their choice.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.