UK Watchdog Warns Against Ebor Trustees Binary Options Clone

The UK's Financial Conduct Authority (FCA) has issued a warning to the public today against a binary options brand illegally cloning the identity of a British firm. Ebor Option fraudulently displays the logos of the FCA and its New Zealand counterpart in its website as well as the Firm Registration Number of an unrelated company.

The UK watchdos said that Ebor Option, "is what we call a clone firm." Fraudsters are using the details of firms the FCA authorise to try to convince people that they work for a genuine, authorised firm. Fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called.

Ebor Option seems to be another binary options brand using this illegal tactic to target traders, Chinese speakers especially. The domain of the website (www.eblbo.co.nz) is registered under Liu Fang from China.

The real Ebor Trustees Limited is a British firm from York, North Yorkshire.

This is how the brand describes itself on it site: "EBOR OPTION by the UK Financial Services Authority and the Monetary Authority of New Zealand dual supervision, at the same time as a binary options broker, is by having extensive experience in Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term market, options market, investment management, financial derivatives, investment banking and IT technology and corporate composition, dedicated to providing customers worldwide with the online binary options trading services."

The UK Financial Services Authority was the predecessor to the FCA, showing that the fraudsters are not even up to date with the regulations they break.