As of August 1, 2008 FXFor Japan K.K. has changed its name to FXTrade Financial Co., Ltd
Toll Free 0120-445-435
- FSA Foreign Exchange Margin Trading License #258
Financial Futures Association of Japan Registration #1570 - Tokyo JST London GMT New York EST
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Solicitation Policy
FXFor Japan has set the following policy on solicitation
for foreign exchange margin trades, based on the Law Concerning the
Sale of Financial Products. FXFor Japan will:
- Endeavor to consider the client's investment experience and objectives, and the state of the client's assets, and will encourage trades that are appropriate for the client's circumstances.
- Endeavor to provide appropriate, accurate explanations to ensure that clients understand the risks and structure of foreign exchange margin trading before beginning to trade.
- Work to comply with the standards for soliciting foreign exchange margin trades described in the Financial Futures Trading Law, as well as related laws and ordinances.
- Not conduct inappropriate solicitation using methods such as telephone and visits.
- Endeavor to enhance the knowledge and skills of its employees in the interest of providing the best possible service to clients.
- Endeavor to respond in a timely and appropriate manner to client opinions and enquiries received by telephone, facsimile, email, or in writing.
Activities Prohibited to Financial Futures Dealers
The Financial Futures Dealing Law prohibits
financial futures dealers from the following activities:
- Provision of conclusive judgments that encourage a client to make the mistaken view that profits are certain to result as a means to soliciting a contract.
- Promising to compensate a client for all or part of the client's losses, or to guarantee profits, as a means to soliciting a contract.
- Concluding a contract without confirming the client's intentions with regard to the number of trades, their size, price, contract value, or other items identified by Cabinet ordinance. This prohibition does not extend to actions taken under Article 23.1 of the Financial Futures Trading Law.
- Visiting or telephoning to solicit business from a general client who has not requested such solicitation. This prohibition does not extend to actions taken under Article 23.6 of the Financial Futures Trading Law.
- Continuing to solicit a client to sign a contract after the client has indicated an intention not to do so (or an unwillingness to continue to receive solicitation).
- Conducting trades without a contract, and threatening a client for ratification.
- Refusing to execute all or part of a dealer's obligations under a futures trading contract, or delaying execution unreasonably.
- Obtaining cash, marketable securities, other assets, contract monies, or other deposits through the use of false markets or other unfair means.
- Executing foreign exchange margin trades based on particular information learnt through trading or other activities for the purpose of benefiting the dealer himself or a third party other than the client.
- Offering or promising to compensate a client for all or part of the client's losses occurring during a foreign exchange margin trade, or to provide assets to a client to augment the client's trading profit.
- Compensating a client for all or part of the client's losses occurring during a foreign exchange margin trade, or providing assets to a client to augment the client's trading profit.
- Failing to take necessary and appropriate measures to prevent the leakage, loss, or destruction of individual client data when a dealer is entrusted to its safe management and monitoring by employees.
- Failing to take measures to ensure that information about an individual client's race, beliefs, lineage, place of birth, medical or criminal history, or other, non-publicly available information (defined as non-public information obtained during the course of the professional relationship with the client) is not used for any purpose other than to ensure the appropriate execution of business and other objectives that are recognized to be necessary.
- Soliciting, or taking similar actions that encourage a client to undertake foreign exchange margin trades (limited to off-exchange margin trades for which collateral or margin have been paid) involving the selling or buying of options involving currencies, financial indices, off-exchange financial options, or options defined in Article 2.2.3 of the Law, similar trades, or netting trades (that reduce the losses resulting from these trades).
- Gathering general clients and soliciting them to sign contracts without prior notice that this is the dealer's purpose.
