European Regulators Cross Unregulated Binary Options & Forex Providers

A duo of European regulators have highlighted the dangers which unregulated binary options and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term companies are posing to a fair market place.

The Belgian Financial Services and Markets Authority (FSMA) has published a warning message to the public about the services which a variety of providers of binary options and forex products offered to Belgian residents without authorization.

The list of companies provided by the FSMA is mainly comprised of Clone Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term companies and some binary options brokers who have become notoriously famous with their fraudulent business practices.

Here is the full list made public by the Belgian FSMA: Futurmarket, BanqofBroker, Royal De Bank, Colbert Capital, Privilege Trading, Binaritrading, COB Trading, Optionavigator, OptionsXO, Cardell Co limited, YA&Co Capital limited, CO&H limited, CEA Finance, FXObank, Binary Forex Market VIP, BarclaysBroker, AGFMarkets, ICMarkets (Invest Capital Markets), Prime FMS, Metacapital Option, FXNTrade and Scottoption.

The regulator highlights the risks associated with trading OTC binary options and forex and explains that the fact that it hasn’t published a warning against a given provider of binary options does not necessarily mean that the provider in question does have a valid authorization.

At the same time, the French regulator Autorité des Marchés Financiers (AMF) has updated its seemingly endless list of entities providing their services in the country without authorization. Following is the full list of unregulated binary options brands provided by the AMF.