FPG Securities: a city instead of an address

What the team found

FPG Securities publishes no street address, only Chiyoda, Tokyo, Japan. The team went to the area the address points to and found nothing that connects the company to any building there: no signage, no directory entry and nobody who knew the name.

The team recorded that FPG Securities could not be found. A broker that publishes a city instead of an address has no office a client could walk into, and that is the finding.

The checks

The checks that decided this outcome, from the visit checklist.

What Tokyo looks like across the set

Tokyo accounts for 77 of the addresses the team has visited. Across the 76 other visits to the city, the team confirmed an office 47 times, found nothing 4 times and could not get access 25 times.

The reports either side of this one in Tokyo are FXTF, Gaitame.Com and GMO Gaika, and reading two or three together is usually more telling than any single visit.

This report runs against the pattern for Tokyo, which is the reason to read the checks below rather than the badge alone.

Reading the checks together

In short, the building did not match the address, there was no sign for the company outside, it appeared in the building directory and reception had nothing for it. No single check settles an outcome on its own, which is why each one is listed above rather than folded into a verdict.

What this outcome means

Office not found. The researcher could not identify the broker or relevant entity at the stated address.

A field survey confirms only what was observed at the stated address and time. It does not verify regulatory status, client-money handling, trading conditions or financial strength. The photographs are the team's own, taken at the location on the day, and may be cropped for privacy. Read how surveys are conducted.

If you represent FPG Securities and believe this report is wrong, send a response and it will be published beside the report.