Binary Options in Japan
A lot of people realize the fact that in Japan, the binary options industry is already flourishing. It is a normal fact, however, that the flourishing process is faster and bigger in some places than others.
24Option is a very popular choice in Japan, click 24Option review for more information. A year ago, the Japanese authorities made some moves that enabled the binary options market in Japan to become the fast growing one all over the world. The actions taken by the authorities involve stemming the flow of capital out for the country through blocking the IPs of binary options brokers who were doing business in Japan without any legal licenses. This, however, poses another question for Japanese authorities about brokers who are based outside Japan. Perhaps there will be a new regulatory framework soon.
It is necessary to notice that binary options trading in Japan is somehow different from the process elsewhere. The first interesting difference is that there are 2 separate time frames in binary options trading in Japan: there is an observational period when you cannot purchase any option, and a buy-in period. In other regions such as Europe and America. these lock-out times in binary options trading have been declining gradually.
The second difference to notice is that in binary options trading in Japan, closing trades permanently is not allowed. This means once a trader locks-in a trade, it will stay that way until the expiry time, and the trader cannot close his position during this period.
In Japan, there are two legal bodies that perform the regulations: the Securities and Exchange Surveillance Commission, and the Japanese Financial Services Authority (FSA). The FSA’s job is to monitor the whole financial system in Japan, and ensure that all services are performed according to the laws of the country. All firms are supported and regulated by SESC and FSA so that they are operating within the law boundaries.
Japanese customers are still offered services from many different brokers, most of which are foreign companies working in the Japan territory. If the Japanese authorities launch a new regulatory framework, this situation are bound to change.