We will explain the registration of FXGT, an overseas FX company, with the Financial Services Agency. Therefore, it is very important to know whether or not it has been approved by the Japanese Financial Services Agency. Do these two companies hold financial licenses?
FXGT Basic Information
| Operating company | GT Global Ltd. |
| Head office location | Republic of Seychelles |
| Financial services provided | FX, CFD (crude oil, gold, stock index, commodities, etc.), virtual currency trading, etc. |
| Leverage | FX currency pairs: up to 5,000x Cryptocurrency: up to 1,000x |
| Trading Platform | MetaTrader 4 (MT4) MetaTrader 5 (MT5) FXGT’s proprietary web |
| Account Type | Standard Account ECN/Pro Account Crypto Max |
| Bonus Promotions | New account opening Deposit bonuses and limited-time promotions |
| Financial License | Seychelles Financial Services Authority (FSA) Financial Services Commission of South Africa (FSCA) Vanuatu (FSC) |
| Safety and reliability | Separate management Partial compensation system and insurance enrollment |
| Stop loss and margin calls | No margin calls (negative balance requests) (zero cut) |
FXGT’s Relationship with the Financial Services Agency (FSA)
Below, we will discuss FXGT’s relationship with the Financial Services Agency (FSA),
in the order of conclusion → reasons → precautions when using the service, including points that are likely to lead to misunderstandings. This information is useful for those who are afraid of dealing directly with the company. The official website provides a detailed overview and details of many of the services. The company offers automated trading and hedging, and has a proven track record in the industry.
Conclusion: FXGT is an overseas FX broker that is “not registered with the Financial Services Agency (FSA).”
FXGT is not registered with the Financial Services Agency (FSA).
As a result,
👉 it is not under the supervision of Japan’s Financial Instruments and Exchange Act.
👉 it is not subject to the FSA’s investor protection system.
This is a common position among overseas FX brokers.
Why isn’t FXGT registered with the FSA?
A quick look at the website’s homepage reveals that it offers a wide range of financial products, from securities and stocks to cryptocurrencies and securities, making it very popular with users. However, why do they not list themselves as financial instruments business operators in Japan but instead register overseas with companies like Seychelles? We’ve compiled detailed information about their purpose and important points to note.
Reason 1: Operating with an Overseas License
FXGT operates with financial licenses not from Japan, but from overseas.
Seychelles
Vanuatu
Saint Vincent and the Grenadines
Mainly offshore financial licenses are from countries like these.
👉 Registering with the Japanese Financial Services Agency (FSA) imposes strict regulations unique to Japan, such as leverage limits (up to 25x) and a ban on zero-cuts.
Overseas FX brokers generally choose not to register.
Reason 2: Services for Japanese Residents are a “Gray Area”
Japan’s FSA has raised concerns about “soliciting Japanese residents without registration.”
On the other hand,
using services by users (traders) is not illegal.
👉 Therefore,
Brands: May be subject to warnings
Users: Not subject to penalties
This is the overall structure.
What is a “warning” issued by the Financial Services Agency?
The FSA’s warning is 👇
“This company is not registered in Japan.”
“The FSA cannot intervene in the event of a problem.”
It is a warning.
❌ “Illegal company” “Confirmed fraud.”
Why FXGT Received a Warning from the Financial Services Agency
Below, we will provide an accurate and practical explanation of why FXGT received a warning from the Financial Services Agency (FSA):
Conclusion → Legal Background → Specific Reasons → Common Misconceptions → Impact on Users. Members should refer to this information when using the market. FXGT is a trustworthy company, even for its foreign exchange margin trading content.
Conclusion: The reason is “Providing services to Japanese residents without registration.”
FXGT’s warning from the FSA is not due to fraud or misconduct.
👉 Providing FX trading services to Japanese residents without registering with the Financial Services Agency (FSA).
This is the only official reason for the warning.
Legal Basis for the FSA Warning
The following laws apply in Japan:
📘 Article 29 of the Financial Instruments and Exchange Act
Registration with the Financial Services Agency (FSA) is required for businesses engaging in financial instruments trading, such as FX, in Japan.
FXGT is
an overseas corporation
operating with an overseas license
not registered in Japan
despite this,
offers a Japanese-language website
Japanese residents can open accounts
This is the FSA’s key concern.
Warning does not mean illegal or dangerous.
This is the most easily misunderstood point.
The true meaning of the FSA’s “warning”
❌ Declaration of fraud
❌ Withdrawal refusal confirmed
❌ List of risky businesses
It is not.
✔ “Not registered in Japan”
✔ “The FSA cannot intervene in the event of a problem.”
It is merely a warning.
Why doesn’t FXGT register with the FSA?
The reason is clear.
Restrictions on Registering in Japan
Maximum Leverage 25x
Zero Cut Prohibition
Significant Restrictions on Bonuses
Stricter Advertising and Solicitation Regulations
👉 This is because FXGT’s business model (high leverage, zero cut, bonuses) will no longer be viable.
This is not limited to FXGT. 👇
XM
Exness
TitanFX
BigBoss
Almost all overseas FX brokers, including these, are also unregistered.
What are the impacts on users (traders)?
✅ Use in itself is not illegal
It is not illegal for Japanese residents to use overseas FX.
There have been no cases of penalties, fines, or arrests.
⚠️ However, no protection is available.
Financial Services Agency
Consumer Affairs Agency
Financial ADR
👉 No intervention is possible in either case.
In other words,
all responsibility is yours.
FXGT’s Reliability and Registration Status
Below is an up-to-date explanation of FXGT’s “reliability” and “registration status,” summarizing objective evaluations, licensing status, benefits, and risks.
📌 ① FXGT’s Registration Status (Financial Licenses)
FXGT operates under licenses from multiple overseas financial authorities. Representative licenses include:
✔ Examples of Licenses Obtained
Seychelles Financial Services Authority (FSA)
License Number: SD019
*A representative offshore license for overseas FX trading
South African Financial Sector Conduct Authority (FSCA)
Licensed
Vanuatu Financial Services Commission (VFSC)
Licensed
Note: Some sources state that the group is registered with multiple financial authorities, including a license in Cyprus, but the specific registration authority and scope vary by provider.
🏛️ ② License Nature and Reliability
🔹 “Level” of Regulation
Foreign FX brokers have multiple levels of licenses:
Regulatory Agency: FCA (UK) / ASIC (Australia): High; CySEC (Cyprus): Medium; FSA (Seychelles) / VFSC (Vanuatu): Low to Medium
It has been pointed out that regulators such as the Seychelles FSA, which FXGT holds, have lax oversight (although this does not necessarily mean that their fund protection mechanisms or auditing systems are strict).
📊 ③ Customer Asset Protection Mechanism
FXGT officially announces the following security measures:
Segregated management of customer funds (kept separately from broker funds)
Implementation of an AML (Anti-Money Laundering) policy
However, the following points should be understood as characteristics of overseas FX brokers in general:
✔ Different from domestic trust protection systems
✔ Compensation systems (Investor Protection Funds) generally do not exist
🧭 ④ Registration Status in Japan
FXGT is not registered with Japan’s Financial Services Agency (FSA).
The FSA lists FXGT as a “Warning Regarding Names, etc. of Unregistered Financial Instruments Business Operators.”
➡ For this reason, in Japan, the company that operates FXGT is
not registered under the Financial Instruments and Exchange Act
and is not under the supervision of the FSA.
- However, using overseas FX is not illegal (it is generally considered not to be subject to penalties).
⭐ ⑤ Reliability as seen through user reviews and reputation
👍 Positive reputation
Many reviews on Trustpilot give a relatively high overall rating (around 4.3/5) (though these are subjective ratings).
Some praise the support and ease of use of the trading platform.
👎 Negative reputation (reports requiring caution).
Reports of withdrawal-related complaints and issues (including profit freezes and withdrawal refusals).
Some analysts have noted an increase in negative reviews on social media platforms (critical opinions regarding reliability).
*Negative reviews do not necessarily reflect the experiences of all users.
Important Points to Note When Using FXGT
The following is a practical checklist of important points to note when using FXGT, organized in the following order: “Things to Know Before Using FXGT → Trading & Financial Aspects → Terms & Conditions & Safety.”
(It has been organized to be consistent with the previous questions.)
⚠️ ① Important Prerequisites to Know Before Using FXGT
Not Registered with the Financial Services Agency of Japan
FXGT is an overseas FX broker not registered with the Financial Services Agency of Japan.
While use itself is not illegal,
it is not protected by the Financial Services Agency, the Consumer Affairs Agency, or the Financial ADR.
👉 In the event of a problem, FXGT Support is the only point of contact.
💰 ② Important Points Regarding Fund Management and Withdrawals
Use only surplus funds
Do not use living expenses or savings
Limit withdrawals to amounts you can afford even if withdrawal issues arise
Frequently transfer profits to your eWallet
Do not leave large amounts in your account for long periods of time
Regularly transfer your trading account to your eWallet
👉 This is basic risk management for overseas FX trading.
Check Withdrawal Rules in Advance
Withdrawals should generally be made via the same channel as the deposit method.
Rules differ for credit cards, cryptocurrencies, and bank transfers.
Withdrawals are not possible if KYC (Verification of Customer Certification) is not completed.
🎁 ③ Important Notes When Using Bonuses
Bonuses are “Restricted Funds”
Bonuses are lost when transferred to eWallet.
Even partial transfers will affect your account.
Violation of Bonus Terms and Conditions Risks Account Freezing.
Actions to Be Particularly Aware of 👇
Multiple Accounts or Hedging with Other Brokers
Unnatural Trading Using Only Bonuses
Fraudulent Use of the Same IP Address or Family Members’ Names
👉 This is a Common Cause of Withdrawal Denials and Profit Confiscated.
📉 ④ High-Leverage Trading Considerations
Maximum leverage of 1,000x is a double-edged sword
Potential for big gains with small amounts
On the other hand, there’s the risk of instantaneous total loss
Zero-cut = Unsafe
No margin calls, but
your funds are not protected
Sudden fluctuations may result in wider spreads and execution delays
🧾 ⑤ Terms and Account Management Considerations
Terms and conditions may change without notice
Common in overseas FX
Regularly review the terms of use and bonus conditions
Acts to reduce the risk of account suspension
Limit to regular discretionary trading
Avoid unusual fund transfers
Keep records of interactions with support
🖥️ ⑥ System and Support Considerations
Maintenance Period Impact
Fund Transfers and Withdrawals May Be Paused
Perform important operations well in advance
Support is available in both English and Japanese
Japanese support is available, but responses may be delayed during busy periods
👉 For important matters, it’s safer to use the ticket system.
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