Purpose

The Japanese foreign exchange market, which developed after World War II, is an international forex market with a long history and a mature regulatory system. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the team conducted an on-site visit to Japan.

Process

This period, the team went to Japan as planned to visit forex broker ProgressMind in person. According to public information, its office address is 3F, Kase Building 161, 2-14-13 Shibaura, Minato-ku, Tokyo.

A professional and experienced team, with a sense of mission to strictly check for investors, traveled to Japan according to a well-planned schedule. They conducted an on-site verification of the broker ProgressMind, which claims to be located at 3F, Kase Building 161, 2-14-13 Shibaura, Minato-ku, Tokyo.

The team arrived smoothly at Kase Building, which is a small building located in an alley in central Tokyo. The surrounding environment is relatively quiet, with a moderate commercial atmosphere. No company sign or related information was found on the exterior of the building.

The team entered the building lobby and stated their purpose to the security guard. After communication, they were granted permission to enter.

However, upon arriving at the target floor (3rd floor), the team found no clear signage for ProgressMind's office area, nor was the company's information on the building directory.

Since no traces of the company were found, the team could not enter the interior, nor could they photograph the reception area or its logo, and the office was not a shared office.

Through the glass door, due to the inability to enter the company, the team could not observe the internal environment, decoration style, or employee activity. Overall, the location does not match its claimed positioning.

Therefore, after the on-site inspection, it is confirmed that the broker ProgressMind does not exist at the above address.

Conclusion

The team visited Japan as planned to conduct an on-site inspection of the forex broker ProgressMind. At its publicly displayed business address, they could not see the broker's company name or other information, indicating that the broker does not have a genuine place of business. Investors are advised to make their decisions after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be used as the basis for final decisions.