Best Binary Options Brokers
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The forex and binary options industries have come under intense regulatory scrutiny in recent months amid a surge in customer complaints. Regulatory crackdown on retail forex and binary brokers has revealed that a large number of firms engaged in the trades operate without proper registration or regulations in the markets they cover. Regulators are warning investors to avoid brokers operating without verifiable authorization as the pose investment risk.
In Belgium, the financial industry regulator there recently issued a blanket ban on all forms of retail trade in leveraged derivatives such as CFDs and forex.
Crackdown on unscrupulous financial services providers continues in more jurisdictions. The warning against Binary Uno comes after investigations by BCSC revealed that the broker was engaging in unlawful soliciting customers in British Columbia. The investigations further revealed that Binary Uno is not registered to offer trade russia binary option brokers uk regulated, or advice on securities contracts in BC.
However, Binary Uno claims on its website that it offers online trading platform for CFD, FX and russia binary option brokers uk regulated trading to investors globally. Investigations by BCSC also revealed that Russia binary option brokers uk regulated Uno is no regulated by any other jurisdiction and that has added to the questions over its authenticity. Based on the investigations, BCSC has concluded that dealing with Binary Uno poses risks to investors and they should avoid the broker.
BCSC also warned against dealing with Edgedale Finance after it discovered that the broker was unlawfully soliciting its financial services to the residents of BC.
Most of those brokers are accused of making it difficult for clients to withdraw their funds. In France, the financial markets regulator, AMF, recently updated its list of unauthorised online binary brokers that have been found to be preying on French people.
The brokers that have been added to the list include connecting-trade. The binary brokers blacklisted in France face accusations ranging from not honouring client request to withdraw funds to executions that are not consistent with what customers expected. Part of the reason for blacklisting of Traderxp is that it is not authorised by FCA as required of all firms and individuals engaged in the business of selling or promoting financial products in the U.
As such, investors have been warned against dealing with the broker. Besides Traderxp, the other binary brokers blacklisted by FCA include 01broker. In forex trading, FCA has blacklisted brokers such as 4xp. Stay up to date with the financial markets everywhere you go.
Canada updates its list of blacklisted brokers The British Russia binary option brokers uk regulated Securities Commission BCSCa provincial financial regulator russia binary option brokers uk regulated Canada, has raised the alarm over the operations of binary options broker Binary Uno.
Broker crackdown in France In France, the financial markets regulator, AMF, recently updated its list of unauthorised online binary brokers that have been found to be preying on French people. Brokers blacklisted in the U.
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