de | cn | ru

Market News

Bulgarian court blocks 40 forex and binary options broker sites

Nov 05 2018
By
Jonathan Smith

 

Bulgarian court ordered access to 40 investment sites to be blocked after the Financial Supervision Commission (FSC) alerted that they offer investment services in the country without being authorized.

 

These websites offer trading in forex, CFDs or binary options. Binary options are currently banned in all EU and the EEA, while forex and CFD providers in Bulgaria have to be licensed by the FSC or similar authority in another EU Member State. According to the Bulgarian Financial Watchdog, however, most of these websites are owned and operated by foreign companies, registered in offshore zones.

 

Here is the complete list of websites which FSC has blacklisted. Actually, we have reviewed most of those forex and binary options brokers in detail:

 

https://ivoryoption.com/

https://www.prestige.fm/terms/  -  detailed review

https://client.midasglobe.com/ -  detailed review

https://www.richmondfg.com/ - detailed review

https://www.binarybook.com/ - detailed review

https://option500.com/ - detailed review

www.trade-24.com

www.fxglory.com - detailed review

https://www.optionstarsglobal.com/

https://esplanade-ms.com/en/

https://www.trade12.com/ - detailed review

http://traderxp.weebly.com/

https://brokerzunion.com/ - detailed review

https://www.plusoption.com/ - detailed review

http://affiliates.imperialoptions.com/en/

https://www.tiger-am.com/

https://ibrokers.trade/ - detailed review

http://ecoesfinance.com/

https://www.hbcbroker.com/ - detailed review

https://wisebanc.com/ - detailed review

https://pwrtrade.co/

https://www.binaryonline.com/ - detailed review

https://72option.com/

https://www.superbinary.com/

https://roiteks.com/ - detailed review

www.simplefx.com - detailed review

www.my.capitalmarketbanc.com - detailed review

http://kbcapitals.com/ - detailed review

https://www.financikatrade.com/index - detailed review

https://www.markets.online/ - detailed review

https://www.jafx.com/ - detailed review

https://www.btchomemining.com/

www.marketsdl.com

https://dinerolibre.com/ - detailed review

www.investingpro.com - detailed review

https://www.littinvest.com/ - detailed review

www.chronofm.com - detailed review

www.binatex.com

www.bealgo.com - detailed review

www.fxleader.com - detailed review

https://ashfordinvestments.com/ - detailed review  

www.easytrade.biz

www.forexgrand.com – detailed review

https://factory-ad.com

www.binaryuno.com

 

The court ruling gave internet providers 24 hours to block the access to the above websites, but our check revealed that many of them are still accessible.

TAGS: FSC  Bulgaria  warning  scam 
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK, Bulgaria FCA, FSC Web €29 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

More Forex Market News

Philippine police arrests 277 employees in connection to a forex scam

Sep 16 2019 17:33:44

Acting on a tip from the Chinese intelligence agency the Philippine police has arrested 277 Chinese nationals working for online forex and crypto scammers. Read more

FCA prepares for a no deal Brexit

Sep 12 2019 17:05:09

The Financial Conduct Authority (FCA) in the UK has opened an emergency phone line (+44 800 048 4255), as well as a series of specialized information websites that are intended to help the financial sector cope with the possible consequences of a no deal Brexit. Read more

Police in Taiwan warns of forex scams on dating websites

Sep 11 2019 14:08:40

The Criminal Investigation Bureau (CIB) in Taiwan warns of a new wave of investment scams on dating and chat websites, featuring a case of a man who lost over 4 million Taiwanese Dollars (128 000 USD). Read more

The Marshall Islands launches a sovereign crypto coin

Sep 04 2019 16:57:05

The Marshall Islands, the small Pacific nation that is also a favorite offshore destination for many brokers that prefer to avoid the strict regulations in Europe, the U.S. Read more

Dutch authorities to regulate all crypto dealing firms

Sep 03 2019 13:43:03

The Dutch Central Bank announced new rules for all companies dealing with crypto currencies that will take effect from January 2020. Read more

Ex-BinaryBook employee sentenced to a year in prison in the US

Sep 02 2019 14:26:10

  Israeli binary options operative Lissa Mel pled guilty to her role in $145 million scam scheme, and was sentenced to a year in prison and $288 024 in restitution to victims by a US federal court previous week. Read more

SEC settles with Bitqyck and its founders accused of $13m fraud

Aug 30 2019 12:53:53

  The US Securities and Exchange Commission (SEC) has settled with founders of crypto exchange Bitqyck over an alleged $13 million fraud. Bitqyck’s founders Bruce Bise and Sam Mendez will pay a civil penalty of $8.5 million on top of disgorgement and prejudgment interest. Read more

Forexbit ends up on FCA's warning list

Aug 29 2019 11:34:29

The Financial Conduct Authority (FCA) in the UK added Forexbit to its long list of companies that illegally target British customers and offer financial services without a license. Read more

Thai SEC warns against FXtrading Corporation

Aug 28 2019 13:06:37

  The Thai Securities and Exchanges Commission (SEC) warned the public against FXtrading Corporation - a new cryptocurrency scam targeting local investors. Read more

CNMV warns against Exilon Markets, and numerous brands of Game Capital Ads

Aug 27 2019 13:27:16

  The Comision Nacional del Mercado de Valores (CNMV) warned against Exilon Markets, BeAlgo, CapitalFXclub, numerous brands of Game Capital Ads, and several other unregulated entities. These brokers are not authorized to provide investment services or investment advice in Spain, the CNMV said. Read more

de | cn | ru