Illegal Binary Options

Canadian Regulator Warns Residents Against Option500 and Boss Capital

2017 06 09

The Manitoba Securities Commission (MSC) has warned residents against getting involved with Option500 and Boss Capital. The two binary options outfits are not registered, and are therefore not allowed to provide their services within this Canadian province. The information was revealed through a regulatory statement by the financial watchdog. In fact, neither of the two […]

UK’s FCA Warns Against Limited Binary, A Fraudulent Binary Options Broker

2016 07 14

Today, the FCA (Financial Conduct Authority) warned that Limited Binary has been offering its services in the UK without regulatory approval. The warning also alleges that the binary options broker has been claiming to have FCA’s authorization while offering its services within the country, which is untrue. The broker implies that it has the legal […]

AMF Warns Against 16 Binary Options Sites

2016 06 22

The French financial regulator, AMF (Autorité des Marchés Financiers), is at it again. The watchdog has now added 16 more binary options companies to its warning list. The 16 websites are:,,,,,,,,,,,,,,, and Warning Not Unusual For The French Regulator […]

Japan Issues A Warning Against 7 More Brokerage Firms

2016 05 16

Not long ago, Japan’s financial watchdog, Kanto Financial Bureau of Japan’s Ministry of Finance (MoF), issued a warning against brokers that were offering trading services to Japanese nationals without proper local licensing. The number of companies on this list has now increased by seven more brokers. The companies are Star Material Asset Management Limited (i […]

Brokers Charged By The SEC For Taking $6 Million From Investor Funds

2016 05 09

Two unregistered brokers have been charged by the SEC (Securities and Exchange Commission) for tricking investors into giving them $6 million for an allegedly lucrative investment opportunity. However, the brokers went on to use some of the money on personal expenses. Investor Funds Used To Finance Personal Expenses The two brokers, James Trolice and Lee […]

Japanese Authorities Issue Warnings Against Three More Binary Options Brokers

2016 02 16

Three binary options brokers have had warnings issued against them by the Japanese financial regulatory authorities over what the watchdog claims to be their unlicensed operation within the country. The brokers affected are BizOption Management Office (BizOption), WorldOptionner Management Office (World Option), and LFG Investment Limited (OptionRally). Actually, these are not the first brokers to […]

RTG Direct Trading Group the Latest Culprit in FCAA Crackdown on Unregistered Binary Option Brokers

2015 09 02

According to a statement by the FCAA (Financial and Consumer Authority of Saskatchewan), RTG Direct Trading Group lacks the necessary authority to operate within its jurisdiction. Consequently, the Canadian financial regulatory body has ordered the binary options firm to all stop trading within the province. This marks the latest twist in the ongoing crackdown on […]

Prime FMS, BinaryFX, And Financial Binary Unauthorized – Regulators Warn

2015 08 10

Three different financial watchdogs issued warnings against three financial companies on August 8. The three firms are Financial Binary, BinaryFX, and PRIME FMS. These actions come at a time when financial regulators around the world are continuing to warn local investors against brokers that are unauthorized to operate in their territories. Unfortunately, sometimes the warnings […]

OptieClub Wins Case Against Dutch Regulator Seeking to Deny it a Trading License

2015 03 28

Although the debate on whether binary options fall under financial or gambling products is yet to settle, a Dutch court seems to think that the still evolving trading service is a legitimate financial product worth of a financial license. OptieClub, a binary options broker, went to court to defend its right to get a financial […]

Australian Regulator Warns Against Unlicensed Binary Options Sites

2015 02 16

The Australian Securities & Investments Commission warned on Friday against trading binary options with online operator, citing the company’s status as an operation of B.H.N.V. Online Ltd, which is based in Belize and has been targeting Australian investors with advertisements and offers. The company is not licensed by Australian Financial Services, nor is it […]