AMF Warns Against Binary Options Software Preditrend

French financial regulator Autorité des Marchés (AMF) today issued a general public warning about sites touting the benefits of an algorithm which links to a Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, and a specific warning about a software package known as Preditrend.

The warning comes after a recent communication campaign advertising Preditrend reached a large number of investors through emails, interviews and advertising on social media. The campaign described Preditrend as a guaranteed money maker and put forward various claims, including “the average success rate can go as high as 75%” and “more than three out of four trades are expected to turn a profit”.

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The investors who were targeted by the campaign were asked to trade binary options through a variety of websites, including predi-trend.com, preditrend.com and starupf5.com. These sites are all linked to WGM Services Ltd, a Cyprus-based company trading under the name EZ Trader (a binary options brokerage) which was disciplined by CySEC in November 2015 for breaches of anti-money laundering and CIF authorisation rules.

Due to the highly risky nature of the products offered and the misleading nature of the advertising, the AMF has urged the public to exercise extreme caution, specifically with regard to Preditrend, and any other sites touting the benefits of an algorithm which link to an Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term platform.