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France's AMF warns of unlicensed binary options brokers

 France's financial markets and services provider AMF has added three new unregulated binary options brokers to its warning list. 

 

According to the regulator, www.capitaldeposit.net, www.emfi-placesecurity.com, www.xfr-financial.com have no clearly identified authorized owner, therefore dealing with them can be very risky. 

 

Our check revealed that Capital Deposits and XFR Financial are apparently targeting indeed French-speaking clients, as their sites by default open in French. Emfi Placesecurity did not open at all. 

 

As we have warned numerous times, dealing with unlicensed brokers is much riskier than with the properly regulated ones. Besides, binary options are considered a very risky instrument and are forbidden in some countries like Israel, Canada and Belgium (along with forex and CFD products), while in others, like the USA, are subjected to strict regulations. 

 

Furthermore, France has imposed restrictions on the advertising of binary options, forex and CFDs by electronic means and through sport club sponsorships. The AMF keeps a close look on the market and updates its warning list of unregulated binary and forex brokers quite regularly.

 

 

TAGS: amf  france  warning 

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