"Is overseas forex trading illegal? Will I get arrested if I use it?" "Is it really safe to use a broker that isn't registered with the Financial Services Agency?" Many people may have these kinds of questions and anxieties, making it difficult to take the plunge into overseas forex trading. While overseas forex trading offers attractive features such as high leverage and zero-cut systems, information about its "illegibility" and "risk of trouble" is conflicting online, making it difficult to make the right judgment. This article provides a thorough explanation, supervised by a lawyer, covering everything from the legal status of overseas forex trading to methods of risk avoidance, affiliate marketing, and where to seek advice in case of trouble. If you are thinking of starting overseas forex trading, we recommend that you read this complete guide for overseas forex trading beginners. Contents 1. Is overseas forex trading illegal? Risk of arrest and legal status 1.1 Is it illegal to use overseas forex trading in Japan? Conclusion: Users will not be punished 1.2 It is illegal for overseas forex brokers to solicit Japanese residents without registration 1.3 Examples of arrests for soliciting investments without registration 2. A clear explanation of the relationship between overseas forex trading and the law [What is the Financial Instruments and Exchange Act?] 2.1 The Financial Instruments and Exchange Act regulates "businesses that conduct business" 2.2 Contracts with unregistered brokers are not illegal but are high-risk 2.3 Depending on the user's actions, it may be a violation of the law 3 Main reasons why overseas FX is said to be "illegal and dangerous" 3.1 Many brokers are not registered with the Financial Services Agency and are easily subject to warnings 3.2 List of malicious overseas FX brokers | Summary of warnings from the Financial Services Agency + withdrawal trouble reports [Latest version] 3.3 Some brokers abscond with funds by refusing withdrawals and freezing accounts 3.4 There are no leverage restrictions, making it easy for losses to escalate 3.5 There may be no trust protection of customer funds 4 Reasons why overseas FX brokers do not register with the Japanese Financial Services Agency 4.1 They cannot offer high-leverage trading 4.2 They cannot adopt the zero-cut system 4.3 Bonuses and promotions are restricted 4.4 Registration with the Financial Services Agency is time-consuming and costly 4.5 They are not even intended for Japanese residents in the first place 5 How to identify a trustworthy overseas FX broker 5.1 Check whether they have an overseas financial license 5.2 Check their operating record and reviews/reputation 5.3 5.4 Check the support system, including Japanese language support. 5.5 Check the ease of deposits and withdrawals. 6. Check whether they are actively soliciting customers or offering excessive bonuses. Where can I see the Financial Services Agency's warning list? 6.1 How to check the Financial Services Agency's warning list [How to use the official website] 6.2 Points to note when checking the list [Be wary of companies that are not listed] 7 Illegal acts in overseas FX trading - specific examples 7.1 Failure to declare profits and tax evasion are serious violations 7.2 Sales and solicitation of Japanese people by unregistered companies 7.3 Solicitation of investment funds 7.4 Investment advice in online salons, etc. 7.5 Money laundering using overseas FX brokers 7.6 Rental and sale of EAs (automated trading systems) without registration with the Financial Services Agency 7.7 Copy trading (mirror trading) 8 Where to seek advice and how to deal with troubles in overseas FX trading 8.1 Use the "National Consumer Affairs Center" as your first point of contact 8.2 For serious damages, consult a "lawyer specializing in financial and investment fraud" 8.3 For consultations regarding the system, contact the "Financial Services User Consultation Office" 9 Three highly safe overseas FX brokers 9.1 XMTrading | XM Group with 10 million accounts 9.2 Exness | A major company with a monthly trading volume of $3 trillion 9.3 AXIORY | Popular with advanced users, also supports corporate accounts 10 Frequently asked questions and answers regarding the illegality of overseas forex trading 11 [Summary] Illegality of overseas forex trading | Explanation of warnings from the Financial Services Agency, legal opinions, and how to consult about troubles Is overseas forex trading illegal? Risk of arrest and legal position Here, we will explain the illegality of overseas forex trading from the following three points. ... Continue reading Illegality of overseas forex trading | Thorough explanation of warnings from the Financial Services Agency, legal opinions, and how to consult about troubles