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Based on my own due diligence as an experienced trader, I can confirm that YAMAGATA is regulated, and this does significantly influence my assessment of its trustworthiness. YAMAGATA is overseen by the Financial Services Agency (FSA) of Japan, a well-established and reputable regulator in the financial industry. The FSA is known for its strict compliance standards and ongoing supervision, which aims to protect client interests and maintain market integrity in Japan’s financial sector. The company, operating under the official name YAMAGATA SECURITIES CO., LTD., holds a Retail Forex License (although I note that YAMAGATA itself does not currently list forex among its tradable products). The specific license details, registered under 東北財務局長(金商)第3号, offer another layer of transparency and accountability that I always look for before considering any broker. Having a broker regulated by a national watchdog like the FSA gives me, as a trader, greater confidence regarding the segregation of client funds and the implementation of fair dealing practices. However, I always remind peers that regulation—even from reputable authorities—does not eliminate all risks. Diligent research and a cautious approach are still crucial when selecting a broker, but in my experience, FSA oversight is an important positive factor for any financial institution operating out of Japan.