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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 

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