The Autorité des Marchés Financiers (AMF) issued a public warning against seven binary options brokers. Are you still trading binary options? Think again.
14 September, AtoZForex – The independent French financial regulator is known for its strict policy and active program towards policing Binary Options brokers. Last month, the AMF banned online advertising of Forex and Binary Options products; hence the regulator has increased its effort to identify unauthorized brokers.
According to the announcement of the French watchdog, seven new binary options brokers’ have been added to the AMF Binary options brokers warning list. Based on the fact that they are not authorised by the AMF to provide financial investment services in France.
AMF Binary options brokers warning: Who are they?
The AMF objective is to protect the funds of traders, who have invested in financial services or products. Therefore, it is vital that the regulator provides the public with timely and accurate information about unauthorized brokers. The fact that another seven brokers got added to the AMF Binary options brokers warning list, demonstrates that the local watchdog is determined to its duty of reducing scams within the financial industry
In today’s announcement of the AMF, the binary options brokers below have been found lacking a license. These brokers are operating through these identified websites and contact details:
|Name of the broker||Country||Official URL|
|Boss Capital||The UK||www.bosscapital.com|
|Limited Binary||The UK||www.limited-binary.com|
|Loyal Binary||The UK||www.loyalbinary.com|
|Swiss Capital Invest||The UK||www.swiss-capitalinvest.com|
Always double-check the broker
Through this notice, the AMF advises investors again to always double the broker, before you decide to commit your hard earned funds with them. Traders can consult the list of all the blacklisted Forex and Binary Options brokerages on the website of the regulator. Also, investors can check if the broker appears on the Register of Financial Agents, the list of authorized entities in the Participating Investment Advisor (PIA) and the Financial Investment Advisor (FIA) websites.
Think we missed something? Let us know in the comments section below.