FCA-Regulated Forex Brokers Are Declining — 31 Platforms to Avoid
As of December 1, 2025, a total of 105 companies in the United Kingdom held CFD licences.
Original
Global Broker Regulation Inquiry App
About WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Cryptocurrency exchange Kraken is shutting down its business in Japan
Abstract：The U.S.- based cryptocurrency exchange Kraken recently stopped its operation in the Japanese market. But why?
About Kraken
Kraken is a cryptocurrency exchange and bank based in the United States. It was co-founded in 2011 by Jesse Powell. It was considered one of the first bitcoin exchanges to be listed on Bloomberg Terminal. In 2022, Kraken already had $1.1 billion in revenue. As of mid-summer 2022, it is reportedly valued at $10.8 billion USD.
Massive Layoffs
In November, Kraken declared massive layoffs worldwide amid the current global market condition. About 30 percent of the workforce is expected to be cut.
The Quit of the Japanese Market
Japan has recently emerged among the most crypto-supporting markets in the world but is losing a competitive crypto exchange as the year 2022 draws closer to an end. Kraken crypto exchange has decided to exit the Japanese market to cut the cost when the global crypto industry is currently undergoing a slump.
It is predictable that U.S. cryptocurrency exchange Kraken will close its operations in Japan next month, citing the current poor market conditions there and the weak global cryptocurrency market.
Kraken announced on Wednesday that Payward Asia Inc, which operates Kraken's service in Tokyo. Will close trading operations on January 31.
The company plans to ask customers to transfer their crypto tokens to a different wallet or exchange them for legal tender.
Kraken also said it has sufficient funds to ensure that all affected customers are able to withdraw their assets in a timely manner.
Notably, this is the second time Kraken has closed its operations in Japan. The last time was in April 2018, to better focus resources on growth “elsewhere.” But in October 2020, the company decided to restart its Japanese operations. Unfortunately, we all know that it did not last long.
The authorities of Kraken are looking to finalize its deregistration from Japan's Financial Services Agency by January 31, 2023.
Crypto winter
It happened during the crypto winter. 2022 is not a good year for the crypto world. A lot of bad events occurred in the industry. Many investors lost a lot of money amid FTX's collapse. There are widespread doubts about the reliability of cryptocurrencies.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Further Reading
TDFX Review: An In-depth Report Into Issues Concerning Withdrawals, Slippages & Fund Transfers
Failed to withdraw your funds successfully from the TDFX platform? Did the Australia-based brokerage firm illegitimately take away your trading profits? Have you witnessed losses on the broker’s trading platform due to heavy slippage? Did you also struggle transferring your funds from the TDFX trading account? You are not alone! These allegations have somewhat degraded the rating of the forex broker. Through this TDFX review article, we aim to investigate user complaints so that you can decide whether this trading enterprise is right for you. Keep reading to find our analysis.
Original
Close Up With WikiFX - A Closer Look at InterStellar Group
With the rapid growth of the global multi-asset investment market, the disparities in the forex industry across different regions have become increasingly evident. As a forex broker information service platform operating in over 200 countries and regions, WikiFX is committed to helping investors in each region identify reliable brokers. Therefore, WikiFX launched a series content — Close Up with WikiFX, which offers in-depth interviews with local brokers. Leveraging WikiFXs robust big data system and industry insights, the series aims to help investors gain a deeper understanding of high-quality brokers. In this exclusive interview, we had the opportunity to speak with Konstantinos Theodorou, CEO of InterStellar Group-Cyprus, to explore the company’s operations and market insights.
Original
Investigating BotBro - The Mastermind of Alleged INR 800 Crore Forex & Crypto Trading Scam
BotBro is a Dubai-based forex broker that has continued to grab headlines for years, with its name being involved in one scam after another. In the latest episode, its name was found in the alleged INR 800 crore forex and crypto trading scam in Goa. Top-level agencies, including the Enforcement Directorate (ED), are investigating the case. They have labeled the platform as a Ponzi scheme. The platform is disguised as an AI-powered forex trading app. In connection with this case, the Goa Police Economic Offences Cell (EOC) filed a First Information Report (FIR) against 10 individuals, including the company owner, Lavish Chaudhary Alias Nawab Ali, for fund misappropriation worth over INR 7.3 crore. Read on as we share the BotBro review in this article.
Original
WikiFX Broker
Latest News
LONG ASIA News on Trading: Wrong NZ FMA Authorization Claims, Non-stop User Allegations
WikiFXtraze Exposure: Does the Broker Execute Trades During Non-Market Hours?
WikiFXWhy Small Position Sizes and Less Trading Keep You Alive
WikiFXDecoding Currency Pairs and Finding the Right Broker Account
WikiFXYen Stabilizes While Gold Prices Slip
WikiFXState Street Group Review 2026: Ponzi Scheme Warnings, Unverified Regulation, and Extreme Risk
WikiFXMan Loses Over RM400,000 in Stock Investment Scheme
WikiFXEveryone Talks About AI’s Power. Few Ask What It Does to Financial Decisions
WikiFXFCA-Regulated Forex Brokers Are Declining — 31 Platforms to Avoid
WikiFXFXORO Review: The Dark Side of a Market Maker Exposed
WikiFXCurrency Calculator
USD
CNY
Current Rate:0
Enter amount
USD
Redeemable Amount
CNY
Calculate 