10 February, AtoZForex.com, Lagos – Japan, just like many other countries treats binary options as financial instrument. The country’s binary options industry operates under strict regulatory oversight, requiring all companies to be duly licensed to carryout such activities in the country. Based on this principle, the FSA warning against BizOption and WorldOption was issued, after the Japanese regulator found both soliciting for traders within its jurisdiction with authorisation.
The Kanto local Finance Bureau, as the Japanese regulator is called, does not take lightly binary option operations its jurisdiction. This has prompted the FSA warning against BizOption Management Office (BizOption), WorldOptionner Management Office (WorldOption). These firms have been discovered to be actively involve in providing binary options services to Japanese clients without the due authorization to do so. Prompting the Japanese regulator’s stance that they are breaking the ‘Guidelines for Supervision of the Financial Instruments Business’.
No address is given on WorldOption’s website
Kicking off with the assessment on the binary options broker WorldOption, the brand actually falls under the WorldOptionner management office. Despite that their website is live on world-option.com, the broker does not stated to be regulated under any local regulator nor does a physical address has been stated by World Option.
Yet, World Option guarantee’s a simple three steps procedure to open a trading accounts. Meanwhile, the binary options broker promises not to charge any account opening fee as well as no charges for maintenance costs. Investors are warned to not fall for these types of financial firms and always double check the firm with a local regulator.
BizOption’s website is inaccessible
When assessing the latter binary options firm that got red flagged by the Japanese regulator. BizOption’s site has now been taken down, post the measures taken by the Japanese regulator. However, the exact reason for this action of BizOption remains unclear. Nonetheless, similar to the case of World Option this binary options firm was also found to be unregulated by any financial regulator as its site contains no information of this. On top of this matter, BizOption also failed to disclose it’s physical address.
Having concluded both the assessment over both binary options brokers, it is only evident that the Japanese FSA warning against BizOption and WorldOption got issued. Hence, traders are warned to avoid any dealings with these binary options brokers.
Third FSA warning is on OptionRally
Aside, the FSA warning against BizOption and WorldOption, the Japanese regulator has also issued a warning on an overseas binary options broker today. Namely, the parent company of binary options broker OptionRally, as the FSA has issued a warning on the Hong Kong registered LFG Investment Limited. Continue reading here upon the FSA warning on OptionRally.
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