Category: Binary Options Scam

British financial regulator (FCA), announced today that it has added RBinary to its warning list. The FCA believes the firm is operating in the UK without having approval to do so. RBinary joins a host of firms added to the UK regulator’s warning list in recent weeks. The British regulator has been in rapid-fire mode in the past month, adding five firms in one day last week. This reporter is already familiar with RBinary, the Marshall Islands-registered binary options dealer. The firm shares a UK address with another unscrupulous financial services provider,…

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TechFinancials Inc, the Binary Options technology and brokerage company, has made a big announcement in regards to its operations. The company has informed the public that it plans to withdraw the Cyprus Investment Firms (CIF) license of its regulated subsidiary B.O. TradeFinancials Limited (BOT). Why Binary Options broker OptionFair shuts down? According to the reports, the company has also planned to shut down its OptionFair Binary Options brand. In addition to shutting down the OptionFair, the company also intends to return all client funds. BOT is the CySEC regulated entity…

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The Autorité des marchés financiers (AMF) has published a list of new websites offering binary options trading, for which no authorized investment services provider could be clearly identified. Here is the list of new websites recently identified: www.capitaldeposit.net www.emfi-placesecurity.com www.xfr-financial.com . A list of all unauthorized websites to offer trading of binary options is available in the AMF’s website (section: Espagne Epargnants > Protéger son épargne > Listes noires) and Assurance Banque Épargne Info Service – ABE IS’s website (section: Epargne > Se protéger contre les arnaques > Les listes…

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 The Securities Division of Financial and Consumer Affairs Authority (FCAA) red flags a binary options firm Melnic Group Limited and issues a Cease Trade Order against it. The FCAA oversees the protection of investor interests via registration, licensing, complaint handling, auditing, and enforcement activities pursuant to various Saskatchewan statutes. FCAA Canada Boss Capital warning A binary options brokerage firm Melnic Group Limited claims to operate out of Bulgaria. In addition, the company functions under the name of Boss Capital. It also provides online binary options trading platform through its website…

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The Cyprus Securities and Exchange Commission (CySEC) has issued yet another fine to a licensed Cyprus Investment Firm (CIF). This is not the first time CIF Novox Capital Ltd is receiving a fine from CySEC. However, this time, the fine is much smaller than the previous one of €175,000. Novox Capital Ltd Scam or reliable? Nevertheless, today, CySEC has informed the public that it has fined Novox Capital Ltd €5,000. The reason being is that the regulated brokerage firm did not inform CySEC about the fact that it has changed…

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Australian financial regulation authorities have issued an official warning against Binary Uno. The unregulated binary options brokerage has been flagged by the Australian Securities and Investment Commission (ASIC) as a company that is prospectively involved in a scam. ASIC is warning that the firm is not authorized to deal in Australia, but has been actively soliciting clients in the region. Binary Uno is said to have made unsolicited calls and emails about investment activities. The website of Binary Uno is stating that it is operated by a legal entity registered…

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The Italian regulator CONSOB has added the binary options broker GMOption to its warning list. The firm operates through the website of www.gmoption.com. This website is owned and operated by LinkGM Limited. The company provides its UK address as Tea Factory, Wood Street, Liverpool L1 4DQ. It, however, mentions no information regarding regulation. GMOption offers a web-based platform for binary options trading on a wide range of products. This includes currencies, cryptocurrencies, commodities, metals, energies, indices, stocks, and others. The CONSOB warns the Italian investors to avoid trading with this broker and…

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CySEC fines CIF Novox Capital Ltd €175,000 for violating regulatory service rules. CIF company operates Binary Options, Forex and CFDs brokerage brands. What do we know? The Cyprus Securities and Exchange Commission (CySEC) has issued a €175,000 fine to the licensed Cyprus Investment Firm (CIF), namely Novox Capital Ltd. CySEC fines CIF Novox Capital Ltd €175,000 The announcement from the Cypriot regulator about the fine for Novox Capital Ltd. €175,000 emerged just yesterday. Specifically, the CIF company operates Binary Options, Forex and CFDs brokerage brands in Cyprus. These include OptionBit (at…

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Perhaps one of the most troubling aspects about the binary options industry would be the constant onslaught of binary option trading systems that are designed to deceive innocent newbie and experienced investors out of their hard-earned money. Not only does this extremely discourage most newbie binary option investors just looking to supplement their income online from home but it also ruins the credibility and image of the binary options industry. One truth that I’ve learned over the past five years would be how getting scammed is almost a rite of…

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The Jarvis Formula is one of the latest entries in a seemingly never-ending flow of online binary option auto-trading scams. These guys are the umpteenth outfit to claim they have found the magic key to El Dorado, and they do it in an entirely unoriginal manner. Nothing about this scam is original…in fact, it looks like a mosaic of a bunch of other such scams, tossed together and blended into a 30-minute long goo, which will drain the very life force out of those unfortunate enough to view it all the way…

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NRGbinary was first registered in 2013 in London by two Israelis, one of them being Guy Galboiz, but it was never run from the United Kingdom, but from Israel. Also, it was regulated, not by UK’s financial regulator but by regulators in Cyprus and Seychelles. The regulated status shifted from time to time, from Cyprus to Seychelles. In only two years, NRGbinary managed to take millions and millions from traders all over the world. When first registered, NRGbinary was registered to 007 Security Solutions with Guy Galb listed as a…

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