18 April AtoZForex, Amsterdam — Back on the 9th of September 2015, the US Commodity Futures Trading Commission’s (CFTC) introduced the CFTC RED list. The regulator introduced this tool to protect the American investors against any unregistered foreign investment firm that is soliciting its services to US residents. Today, a total of 23 unregistered foreign Forex and Binary Options brokers has been added to the warning list, including CFTC warning on Titan Trade, Tallinex, Land FX and many more.
Since, creation of CFTC RED list many illicit foreign firms has already been caught and added to the publication. After today’s add-ons, CFTC’s RED list now encompasses over 40 blacklisted Forex and Binary Options brokers.
CFTC RED List update
The updated RED list consists of alleged CFTC warning on Titan Trade, Tallinex, Land FX and numerous of other Forex and Binary Options firms. Derived from the CFTC’s website, the entire list of 23 new broker warnings can be viewed below:
|Banc de Options||Golden Tangent Holdings|
|Barclays Broker||Ivory Options|
|Binary Das||NRG Binary|
|BTG Option||Paam-Maam Forex Fund Management|
|Diamond Managed Forex||Profit Forex Corp|
|Forex Broker Inc.||RealForex.com|
|Forex Investment Services||Titan Trade|
CFTC shares RED List with other regulators
The CFTC has taken this opportunity to remind the traders in its jurisdiction, to always stay alert. Only, deal with licensed investment firms. Considering that it provides the investor more security, protection, and other benefits. Moreover, the CFTC combines its strength international regulators, by sharing its RED list with the other governmental regulators and associations.
Even when a Forex or Binary Options broker appears to be fully licensed, always be cautious for your own protection. Considering that there is no guarantee that licensed investment firms are a hundred percent honest and trustworthy. Another tool for investors to distinguish the trustworthy broker from the bad ones is through the list of AtoZForex Approved Brokers.
An example of such a possible collaboration is the recent CONSOB warning against Titan Trade. It has been less then a week ago, since the Italian financial regulator imposed the Titan Trade warning, whereas today the CFTC warning on Titan Trade got published. To access the CFTC RED list, visit SmartCheck.gov/REDList.
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