Austria FMA Binary Options warning against The Swiss Method


The latest Austria FMA Binary Options warning lists the name of the broker The Swiss Option. Reportedly, the firm has no license to operate in Austria.

31 May, AtoZForex Austrian financial regulator, the Financial Markets Authority (FMA), has warned the public against the Binary Options brokerage, namely The Swiss Method. Notably, the watchdog states that the firm has no registration to promote or offer any investment services in the country.

Austria FMA Binary Options warning against The Swiss Method

The Austrian watchdog cautions investors’ community against dealing with The Swiss Method. The alert was published in the official gazette “Amtsblatt zur Wiener Zeitung” commenting that The Swiss Method is not entitled to carry out brokerage activities in Austria. Moreover, the regulator has stated in the official warning:

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“By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 27 May 2017, the FMA hereby informs, that The Swiss Method is not entitled to provide investment services in Austria that require a license. “

The Austrian authority further explains that The Swiss Method has no right to provide commercial portfolio management services by managing portfolios for individual clients “with discretion in the form of power of attorney of the client.” Also, the FMA added that the customer portfolio comprises one or more financial instruments.

Additionally, the Austrian regulator outlined that the Binary Options broker is operating online via www.theswissmethod-de.com.trade and www.autotraderbot.com/de/theswissmethod/access.html.

Latest Austrian FMA warning – Werner Stocker

Last week, the Austrian watchdog has warned investors about another unregulated entity aiming to solicit to Austrian citizens. The FMA issued a warning against Werner Stocker, the investment services provider. According to the official warning, the Werner Stocker was advertising its services in Austria without any authorization to do so.

The FMA is an integrated supervisory authority that was established in 2002. Also, the organization is responsible for supervising the financial providers and their functions across Austria. The FMA strives to ensure the highest level of protection for Austrian investors by means of warning and alerts. Specifically, the warning list of FMA comprises the names of the firms and individuals that have no registration to provide financial services in the country.

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