Reasons for Field Survey

The Japanese foreign exchange market is one of the world's most important forex trading markets, boasting a long history, a mature financial system, and strict regulatory mechanisms. It holds a crucial position in the global forex market. With numerous participants and high trading activity, it is subject to strict oversight by regulatory agencies such as the Financial Services Agency of Japan, ensuring the market's standardized operation. To help investors gain a more comprehensive understanding of the actual operations of forex dealers in the region, the field research team conducted an on-site visit to Japan.

Field Survey Process

This issue's field research team traveled to Tokyo as planned to conduct an on-site visit to the brokerage firm ByBiz. Publicly available information lists its office address as Otemachi Building 1 Chome−6−1, Ōtemachi, Chiyoda City 100-0004 Tokyo, Japan.

With a sense of responsibility to rigorously verify the business for investors, the professional and experienced field research team traveled to Tokyo according to a carefully crafted plan. Based on the aforementioned address, they conducted an on-site verification of ByBiz.

Based on the address information, the field research team traveled to the Ōtemachi area of Chiyoda-ku, Tokyo, and conducted an on-site verification of the brokerage firm, ByBiz, which claimed to be located at Otemachi Building 1 Chome−6−1, Ōtemachi, Chiyoda City 100-0004 Tokyo, Japan.

The field research team successfully arrived at the Otemachi Building, where the company's campus and surrounding streets are luxurious. From the exterior, the field research team successfully captured a panoramic view of the building, but found no ByBiz-related signage.

The inspection team was unable to enter the building lobby, and upon inspection, they did not see the company's name on the signage inside the building. Furthermore, no ByBiz logo was found inside or outside the building.

Because they were unable to enter the building, the inspection team could neither reach the specific floor nor confirm the specific location of the broker, nor, naturally, enter the alleged ByBiz premises. The building's overall appearance indicated that the address was not a shared office, and no photos of the reception desk bearing the ByBiz logo could be seen from the outside or any other observable angle.

Thus, the inspection confirmed that the brokerage ByBiz did not exist at the aforementioned address.

Field Survey Summary

The surveyors visited the Forex broker ByBiz as planned. They could not find the broker's company name and other information at its publicly displayed business place, indicating that the broker does not have a real business location. Investors are advised to consider this information comprehensively before making decisions.

Field Survey Disclaimer

The above content and opinions are for reference only and should not serve as a basis for any final decision.