Many people considering using overseas forex brokers are likely worried about their safety. Since many overseas forex brokers do not hold the financial licenses required by Japan's Financial Services Agency, it's understandable to feel uneasy about their security. One indicator of an overseas forex broker's safety is its "financial license." However, there are different types of financial licenses, ranging from difficult to obtain to easy, so it's important to understand the characteristics and reliability of each license. This article provides a list of financial licenses held by overseas forex brokers. We will explain the characteristics and reliability of each license, so please use this as a reference. If you have any of the following concerns, please read to the end. Contents 1. What is a financial license for overseas forex trading? 1.1 What is a financial license? 1.2 Why overseas forex brokers do not obtain a Japanese financial license 1.3 Overseas forex brokers without a financial license are not recommended 2. Safety ranking of overseas forex brokers holding financial licenses 2.1 1st place: Exness Group, holds multiple highly reliable financial licenses 2.2 2nd place: HFM, holds a financial license from the FCA, which has strict standards 2.3 3rd place: FXGT, easy for beginners to start with abundant bonuses 2.4 4th place: XM Trading, the most used overseas forex broker among Japanese people 2.5 5th place: Three trader, high rating on Google reviews 3. Characteristics and reliability of overseas financial licenses 3.1 United Kingdom (FCA) Reliability: High 3.2 Cyprus (CySEC) Reliability: High 3.3 Japan (JFSA) Reliability: High 3.4 Australia (ASIC) Reliability: High 3.5 Seychelles (FSA) Reliability: Low 3.6 Vanuatu (VFSC) Reliability: Low 3.7 Mauritius (FSC) Reliability: Low 3.8 South Africa (FSCA) Reliability: Medium 3.9 Belize (IFSC) Reliability: Low 3.10 Switzerland (FINMA) Reliability: High 3.11 British Virgin Islands (BVIFSC) Reliability: Low 3.12 Malta (MFSA) Reliability: Medium 3.13 ... Continue reading List of Financial Licenses for Overseas Forex Trading | Explanation of the Characteristics and Reliability of Each License