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Author Topic: List of brokers to avoid as a newbie;  (Read 19271 times)

Offline Eliza Abrams

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Re: List of brokers to avoid as a newbie;
« Reply #45 on: May 08, 2018, 12:24:14 PM »
The financial regulator in Belize, the International Financial Services Commission (IFSC) has issued a warning against "Binary options & Fofex Inc."

 The company has intentionally misspelled the word forex instead of coming up with an original name, I don't know whether that's sad or funny or somehow both at the same time. The things scammers do to appear legitimate are sometimes exceedingly weird.

Offline Eliza Abrams

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Re: List of brokers to avoid as a newbie;
« Reply #46 on: May 16, 2018, 02:02:45 PM »
The UK financial watchdog, FCA, added two binary options brokers to its warning list: Stratx Markets and OptionStarsGlobal.   According to the regulator, they have been providing financial services or products in the UK without FCAs authorisation, which is required by law.

Both companies are registered in offshore zones - in the Samoa Islands and the Marshall Islands.  Stratx Markets even promises  investment returns as high as 88%. I don't need to tell you that such profits are nigh-impossible for binary options trading.

 

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