Ex-BinaryBook employee Austin Smith pleaded guilty to investment fraud in US court previous week. Ironically, Mr. Smith now runs a company that is supposed to help victims get their money back from binary options scams like BinaryBook.
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The Dutch Authority for the Financial Markets (AFM) issued an official statement on Thursday, informing the public that it shall fine unregulated brokerage FPlus Trading.
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The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has ordered UB4Trade to cease offering cross-border proprietary trading services to German investors.
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UK’s financial markets and services provider, the Financial Conduct Authority (FCA), blacklisted Polarity Index and AG Capitals on Friday. According to the regulator, these binary options brokers, that also offer account management services, are illegally targeting local citizens.
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The European Securities and Markets Authority (ESMA) announced on Monday that it extends the restrictions imposed on binary options for another three-month period.
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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.
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The Australian Competition & Consumer Commission (ACCC) has issued its Scamwatch report for the first half of 2018, which marks a troubling rise in investment scams. The report reveals that Australians are collectively losing $4.
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The Australian Securities and Investments Commission says 80% of Binary Options traders lose money, while the percent with CFD and forex traders is 72 and 63 respectively.
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Eo.Trade is an ICO created by the people behind an already existing binary options broker – Expert Option. The full scope of the project is very broad, but each step is connected to a specific level of capital gained from the coin offering.
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SPECTRE is short for speculative tokenized trading exchange, but more importantly is one of the potential disruptors to the forex and binary options industries. The company offers a solution to one of the most common problems – trust.
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Google updated its developer policies and banned binary options apps from the Google Play Store for Android devices previous week. The online giant's move is what seems the final nail in the coffin for these controversial fiancial instruments with huge scam potential.
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The European Securities and Markets Authority (ESMA) announced three-month ban on the marketing, distribution or sale of binary options to retail investors and a set of restrictions on CFDs offered to the same type of clients.
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Brits lose an average of GBP 87 000 a day to binary options scams, said UK’s financial services watchdog the Financial Conduct Authority (FCA) in its latest advisory.
In the publication the FCA urges the public to be vigilant to the threat of online investment fraud.
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