Market News

France's AMF Blacklists 75 Binary Options Brokers

Feb 25 2014 10:59:07 GMT
Maria Nikolova , Find me on Google+

The Autorite des Marches Financiers (AMF), France's financial services watchdog, on Monday published an updated list of binary options brokers which have no regulatory permission to offer their services in the country but have chosen to solicit French clients anyway. The fresh list, which replaces the one from January 2014, unfortunately contains more websites than the preceding one. You may recall that the previous alert contained 68 websites of unregulated binary options brokers, while the fresh one contains massive 75 websites.

You can see the full list below:
Amid the new additions to the list are Daily Option, Binareo, Bank of Market, and Big Option. Fortunately, there are some names from the preceding warning which are absent from the new one (such as OptionFair): they have either exited the market or have gained registration. To be fully certain about the lawfulness of the services which a binary options broker offers, you can check the AMF register here
The French regulator warns that the websites enlisted belong to companies that have no authorization to offer their services in France. Moreover, they have been found to solicit customers using aggressive marketing and misleading information.
The warnings of the French watchdog come amid a wave of alerts from other regulators like the Malta Financial Services Authority (MFSA) and the British Columbia Securities Commission (BCSC) regarding companies providing trading with this instruments of yet dubious status. And, of course, there is the tight grip of CySEC – the Cypriot regulator, which has been issuing warnings and taking away licenses from binary options brokers that violate the regulations. Last week the CySEC announced that it was keeping the license of Cedar Finance, a binary options broker in the French blacklist, suspended. 
TAGS: amf  france amf  binary options  binary options broker  binary options warning  regulation binary options  france regulation  france binary options  online trading  february 2014  blacklist  warning  unregulated broker  license 

Related forex news

More Forex Market News

US CFTC approves tighter rules for automated trading

Nov 26 2015 13:03:41

The US Commodity Futures Trading Commission (CFTC) has adopted on Tuesday changes to the local regulation, which aim to enhance the regulatory regime for automated trading, to increase transparency and to reduce potential risks arising from algorithmic trading activity. Read more

Italy’s Consob warns against six unauthorized forex, binary options brokers

Nov 23 2015 17:05:35

Italy’s financial watchdog Consob has added six new entities to its list with forex and binary options brokers unauthorized to operate in the country – BestCopy, LHCbrokers, Oklycapital, Amf Capital, Ampha Management, and St. World Trade. Read more

Russian c-bank to postpone forex trading licensing deadline by a year

Nov 20 2015 15:07:48

The Russian central bank has agreed to postpone by a year the deadline for obtaining a license for forex brokers in the country, after being pushed by the requests of forex dealers, Russian news agency Interfax reported, citing Vladimir Chistyukhin, deputy governor of the Bank of Russia. Read more

France’s AMF warns against 11 unauthorized binary options brokers

Nov 19 2015 15:15:08

The French financial regulatory body, AMF, has added to its warning list a number of websites that offer binary options trading in the country without being authorized to do so, a notice indicated on Thursday. Read more

ASIC says BocaFX is not authorized forex broker in Australia

Nov 18 2015 12:33:36

The Australian Securities and Investments Commission (ASIC) said on Wednesday Boca Global Financial Group (BocaFX), has improperly been stating on its website it is regulated or authorized by ASIC to provide financial services in the country. Read more

New Zealand’s FMA warns against unregulated forex broker FXUM

Nov 18 2015 12:18:59

Union Markets Ltd, also known as FXUM, misleadingly claims on its website that it is registered with the Financial Services Providers Register (FSPR), the Financial Markets Authority (FMA), New Zealand’s financial regulatory body, said on Monday. Read more

Japan’s FSA warns against seven unregulated forex, binary options brokers

Nov 17 2015 11:30:21

Japan’s Financial Service Agency (FSA) has added seven forex and binary options brokers to its list of entities unauthorized to operate in the country, online media LeapRate reported, citing official data. Read more

CFTC charges NZ forex broker IB Capital for accepting US clients

Nov 17 2015 11:03:36

  The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement complaint against New Zealand-registered forex broker IB Capital FX, known under the trade name IB Capital, and two individuals for illegally soliciting and accepting at least $50 million from clients, the Commis... Read more

Japan’s forex, binary options trading volumes plummet in October

Nov 16 2015 17:16:26

Both Japanese forex and binary options trading markets registered a drop in trading volume in October 2015, compared to a year earlier.     Japan’s over-the-counter (OTC) retail forex margin trading had a total volume of JPY 4. Read more

Cyprus financial regulator CySEC warns against

Nov 12 2015 16:09:42

  The Cyprus Securities and Exchange Commission (CySEC) said today the operator of the website, is not permitted to provide investment and ancillary services in Cyprus. Read more