Sponsored By
de | cn | ru

Market News

FCA warns of Plusoption binary options broker

 UK’s Financial Conduct Authority (FCA) has warned that the company Tradeplus Solutions is offering financial services to UK clients without the necessary authorization and that it may be a scam.

 

According to the FCA, the company operates the binary options brokerage plusoption.com and has an address in Bucharest, Romania and in UK.

 

Our check on the broker’s site, however, revealed that it claims to be owned by Redfield Markets ltd, with the same UK address as that of Tradeplus Solutions. Usually such changes of company and brand names are an almost certain sign that this is a scam, trying to rip off unsuspecting clients.

 

Besides, one of our readers complains that he has been ripped off by Plusoption, using the usual scheme of fraudulent binary options brokers by refusing withdrawals of the original funds and then wasting the entire funds.

 

As per the legal requirements, since the beginning of 2018 the FCA is in charge of overseeing and regulating the activities of licensed binary options brokers in the UK. Previously this was done by the Gambling Commission.

TAGS: UK’s Financial Conduct Authority (FCA) has warned that the company Tradeplus Solutions is offering financial services to UK clients without the necessary authorization and that it may be a scam. 
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC 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, South Africa CySec, FSCA, FSC MT4, MT5, Web $5 Review Website
UK, Singapore, Australia FCA, MAS, ASIC MT4, AT Pro,
Advantage Web
£100 Review Website
Seychelles FinaCom MT4, Web $10 Review Website

More Forex Market News

Japanese exchange Zaif hacked, reportedly lost over $59 million

Sep 20 2018 11:58:03

  Japanese crypto exchange Zaif was hacked and lost over $59 million worth of cryptocurrencies, local media sources reported today.   According to the report, the hackers stole 5,966 Bitcoins, some Bitcoin Cash, and MonaCoin. Cryptocurrencies worth 4. Read more

CySEC withdraws CIF licenses of AnyOption and Gobaba FX

Sep 17 2018 07:27:45

  The Cyprus Securities and Exchange Commission (CySEC) announced previous week that it withdraws the Cyprus Investment Firm (CIF) licenses of the parent of AnyOption, Ouroboros Derivatives Trading Ltd., and of Gobaba FX Cy Ltd. Read more

UK's FCA warned against Prime Crypto and 4xpremium clone firm

Sep 14 2018 10:05:58

  UK’s Financial Conduct Authority (FCA) has added several investment companies to its warning list on Thursday. Among them are the forex broker 4xpremium -  a clone firm -  and unregulated crypto CFD provider PrimeCrypto. Read more

BaFin warns against recovery scams

Sep 11 2018 14:20:43

  Germany’s financial watchdog BaFin alerted of follow-up scams targeting investors who already lost to binary options, promising to recover the money that they lost against an upfront payment. Read more

The UK Financial Conduct Authority warns against Capital Banks and Blue Trading

Sep 10 2018 15:04:00

  The UK’s Financial Conduct Authority (FCA) has recently added two more unregulated brokers to its ever-growing warning list: Capital Banks (FINBDO LTD.) and Blue Trading (Blue Group). Read more

SEC charges two individuals for participating in a Ponzi-like scheme

Sep 07 2018 14:08:16

  The United States Securities and Exchange Commission (SEC) has charged two individuals working at Nonko Trading with fraud on Wednesday. Read more

Belgium’s FSMA updates its crypto warning list with 28 fraudulent websites

Sep 05 2018 13:59:47

  Belgium’s Financial Services and Markets Authority (FSMA) announced Tuesday it has added 28 crypto trading platforms to its warning list. The regulator said that it has received a number of questions/complaints from consumers regarding those websites and has identified signs of fraud. Read more

UK's FCA adds Stock Trade Invest to its warning list

Sep 04 2018 10:12:30

  UK’s Financial Conduct Authority (FCA) flagged another unregulated forex and CFD broker on Monday. The regulator warned the public that Stocktradeinvest Ltd., doing business as Stock Trade Invest has been providing financial services in the country without holding a FCA license. Read more

Hong Kong’s SFC warns against KB Capitals and TGC FX

Sep 03 2018 12:09:31

  Hong Kong’s Securities and Futures Commission (SFC) has added two more unregulated brokers to its warning list previous week: KB Capitals and TGC FX (or TGC Group). The SFC pointed out that both brokers are not authorised to offer financial services in Hong Kong. Read more

ESMA to renew binary options trading ban for further three months

Aug 24 2018 12:47:16

  The European Securities and Markets Authority (ESMA) has come out with an official statement on Friday, saying that it will extend the prohibition on binary options for a further three-month period from October 2, 2018. Read more

de | cn | ru