12 April, AtoZForex, Lagos – Italy’s financial regulator, the Commissione Nazionale per le Società e la Borsa (CONSOB), has again warned the public about the activities of another financial firm. This time, the warning is as regards activities of the firm(s): Titan Trade Capital Limited , Sun Technology Services Ltd. and Titan Trade Solutions Ltd . This warning, similar to other recent cases, is meant to prompt the public against doing business with firms, which the financial regulator of the region cannot certify as genuine.
CONSOB Titan Trade warning
Titan Trade operates via the website https://titantrade.com/ and offers binary options services. The firm claims the following address: 35, Barrack Road, Third floor, Belize city, Belize. While also claiming to have operations across UK, Russia, Australia, South Africa, and Spain. Apparently, the firm should be on even more regulators’ warning lists as it gives no information of its authorization to carryout its activities in these regions.
Concerns like this is what has prompted the CONSOB Titan Trade warning that: “The National Commission for Companies and Stock Exchange reports that the companies Titan Trade Capital Limited , Sun Technology Services Ltd. and Titan Trade Solutions Ltd are not authorized to provide investment services and activities in Italy in accordance with any terms and, therefore, even through website www.titantrade.com.”
A major challenge with binary options
Binary option trading is an investment instrument, which involves heavy risk and reward. It operates such that the dealer offers a predetermined payout conditional on a certain financial instrument’s performance (could be a currency, an index, or a stock). Hence, if the bet fails to attain a predetermined condition, the initial investment staked is lost.
A major challenge about binary options operations is the fact that it is a time bound product with the broker being on the other side of the trade all the time. Hence, making the conflict of interest so high that most brokers often fail to operate fairly. It operates such that the dealer offers a predetermined payout conditional on a certain financial instrument’s performance (could be a currency, an index, or a stock). Hence, if the bet fails to attain a predetermined condition, the initial investment staked is lost.
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