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Is it illegal to be an XM affiliate? Legal? Summary of FSA's views

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In this article.XM Affiliatesis illegal or legal, including the FSA's view.

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Is it illegal to be an XM affiliate? Legal?

In conclusion, XM Affiliates is not illegal. There are two reasons for this

  • Because the FSA has not declared XM affiliates illegal.
  • There have been no arrests of foreign FX affiliates.

This is explained in turn.

The FSA has not declared XM affiliates illegal.

What is important for foreign FX affiliates is what [the Japanese FSA's view] is.

Affiliates are performance-based advertisements, so there is currently no law that punishes them. This means that advertising and promoting unregistered companies such as XM is not legally out of bounds.

No cases of arrests of foreign FX affiliates.

XM has a history of being warned by the FSA.

However, XM has never been suspended from business and continues to operate normally.

There have been no previous cases of arrests of foreign FX-related companies, not just XM. Those that have been arrested have been caught violating the Financial Instruments and Exchange Act, including returning money and goods registered with them.

No specific illegality has been stated with regard to advertising, such as affiliate advertising, as this is outside the FSA's jurisdiction.

 

However, just because it is not illegal does not mean that it is completely risk-free. If you do not take any precautions and become an XM affiliate, you could be doing something illegal without even knowing it.

It is recommended that you start the XM affiliate programme with a clear understanding of what you are doing.

If you operate legally, you can make money legally without being illegal as an XM affiliate.

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What to look out for to avoid illegal activities in XM Affiliates.

XM Affiliates are fine for normal activities, but the following cases may be illegal

Attaching a benefit (money, premiums or privileges) to a registration or transaction is a violation of the FIEA.

Affiliates who encourage people to register with XM are usually fine, but the act of offering individual benefits (money, prizes, rewards, etc.) in exchange for opening an account is prohibited under Article 41-2-5 of the Japanese Financial Instruments and Exchange Law.

Account opening bonuses, deposit bonuses, etc. originally attached to XM are not a problem. It is illegal for affiliates to offer individual sign-up bonuses.

 

This is not related to XM, but you will understand, as the point and cash-back sites in the world have been warned by the FSA.

If you are in the act of giving money or gift certificates to individuals, you may be contacted by the FSA.Be careful.

It is illegal to provide definitive judgments or content that misleads the public into believing that it is certain.

Article 38 of the Financial Instruments and Exchange Act prohibits [soliciting customers to enter into a financial instruments transaction contract by giving a definitive judgment on an uncertain matter or by telling them something that could mislead them into believing that it is certain].

Please take care not to make statements on your website or blog that [mislead people into believing] that you are certain.

Make sure to state in an easily visible place on your website or blog, e.g. [The final investment decision is yours].

The act of personally compensating for losses is also illegal.

Article 39 of the Financial Instruments and Exchange Act prohibits loss compensation to customers, so please do not engage in the act of compensating individual customers who have lost money.

There was a previous incident in which an executive of Togo Securities was arrested for making up a customer's losses.

Selling EAs and offering them for free is OK, but upgrading EAs is not!

Selling EAs or offering them for free is not prohibited, but it should be noted that upgrading EAs is considered [investment advice].

Note that it is difficult to create a complete EA from scratch, so it should be sold as a separate product unrelated to XM Affiliates or registered as an investment advisory business.GogoJungle.It is safe to sell through

Sales of EAs + opening an account with a specific vendor is also not an option.

[Free EA + account opening with a specific trader] does not seem to be a problem at the moment, but there have been cases where [paid EA sales + account opening with a specific trader] has resulted in warnings from the FSA.

There are often social networking sites where EA developers say [if you register as a 00 vendor, we will provide you with an EA], but be careful not to let them open an account with a specific vendor if you want to charge for the EA.

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Click here for the official XM website.
*Now we're giving away a $30 bonus!

summary

In this article.Whether XM Affiliates is illegal or legal, including the FSA's opinion.

In conclusion, M-affiliates are not illegal, but they can inadvertently fall into the category of illegal activities if they are not careful.

To avoid undermining confidence in the affiliate industry as a whole and making it harder to do business, make sure you follow the rules and regulations.

XMwellCompletely free demo account versionis available, so you can try it out risk-free.

Also, XM is giving away a $30 trading bonus to anyone who opens a new account!For more information, visit the official website atPlease check from the following links.

↓arrow (mark or symbol)

Click here for the official XM website.
*Now we're giving away a $30 bonus!

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