Nagaharu Global Review (2023)

Nagaharu Global is an independent investment management firm that offers to trade and manages portfolios offering across a range of small, mid and large-cap Asia Pacific equity strategies on behalf of institutional and clients globally. While the company states its address in Tokyo, Japan the research shows that the domain and the registration of the platform is located in Seychelles.

In addition, there is no any mentioning about regulation or registration, which means that the firm is not a regulated one. As we always warn clients on trading with non-regulated entities, as it’s the highest risk trust to the provider words only, without a necessary implementation of protective tools. Therefore we do not advise investing with Nagaharu Global and to choose among reliable companies, authorized by the reputable world agencies like ASIC (Australia) (Check ASIC regulated forex broker MEX Exchange) or by the MAS (Singapore) Regulated Brokers.

Besides that, the company Nagaharu Global was detected in offering its services in jurisdictions it got no legal permission to do so. For that reason, numerous European and beyond regulators issued warning to international clients against Nagaharu Global.

“The Financial Services and Markets Authority (FSMA) warns the public against the activities of Nagaharu Global, a company that offers investment services. Nagaharu Global is not an authorized investment firm in Belgium. It is therefore not allowed to provide investment services in or from Belgium.”

FSMA, Belgium. September 2017.

“The Austrian Financial Market Authority (FMA) may disclose to the general public by publication on the Internet, or in any other newspaper with nationwide circulation, that a particular natural or legal person is not entitled to carry out certain investment services”

FMA, Austria. May 2018.

Conclusion

We strongly advise traders to avoid such unregulated brokers, especially when there are warnings against them. It is always safer to deal with companies licensed by reputable financial watchdogs such as UK’s FCA or Australia’s ASIC. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital (aside from client deposits) for the STP license (See STP forex broker reviews here). The regulator also protects customers when authorized financial services firms fail. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FBS and BlackBull Markets.