Category: Brokers

OptionFair binary options closed
March 01, 2018 BY LeapRate Staff

TechFinancials gives up CySEC license, closes OptionFair as Binary Options focus switches to China

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has notified Cyprus financial CySEC of its intention to withdraw the Cyprus Investment Firm (CIF) license of its regulated subsidiary B.O. TradeFinancials Limited (BOT), and that it plans to shut down its OptionFair binary options brand, returning all client funds. BOT is the…

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Boursotrade CySEC CIF license
February 23, 2018 BY LeapRate Staff

After nearly a year, CySEC reinstates license of FX and Binary Options broker Boursotrade

Cyprus financial regulator CySEC has announced that it has withdrawn the CIF license suspension of Boursotrade Ltd. We had reported in March 2017 that CySEC had issued a temporary suspension of Boursotrade's license, due to “Persons who effectively direct the business”. Boursotrade Ltd operated several website brands, including boursotrade.com, boursepro.com, and Binary options broker boursebinary.com.…

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TechFinancials sells its holding in MarketFinancials to Proverial Ltd
February 06, 2018 BY LeapRate Staff

TechFinancials cancels sale of OptionFair and Binary Options holdings

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has cancelled the planned sale of its Binary Options holdings, after the buyers were unable to secure the necessary regulatory approvals for the deal by a self-imposed deadline of January 31, 2018. As we reported in late November, TechFinancials came to an…

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BCSC warning
December 25, 2017 BY LeapRate Staff

Binary options broker LionsTradeFX gets warning from Canadian regulator BCSC

Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated offshore Binary Options broker LionsTradeFX, operating from website lionstradefx.com. On its website, LionsTradeFX calls itself "today’s leading digital options trading platform". However a…

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TechFinancials converts loan into Footies
December 21, 2017 BY LeapRate Staff

TechFinancials gets another $1.1 million payout from China binary options JV DragonFinancials

It looks like TechFinancials Inc (LON:TECH) isn't done quite yet with the Binary Options business. TechFinancials announced that it has received dividends totaling $1.46 million from two subsidiaries - $1.12 million from its 51% owned joint venture DragonFinancials, which operates a China-focused binary options brokerage business, and $340,000 from its (formerly) fully owned subsidiary MarketFinancials, which provides…

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BCSC warning
December 17, 2017 BY LeapRate Staff

Canadian regulator BCSC warns against bitcoin broker USI-TECH

Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated bitcoin and Forex broker USI-TECH Limited (USI), operating from website usitech-int.com. USI-TECH Limited (USI) claims to be an online Forex and Bitcoin trading platform…

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utrader offshore cfd broker warning
November 30, 2017 BY LeapRate Staff

Canadian regulator warns against offshore CFDs and Binary Options broker uTrader

Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List offshore CFDs and Binary Options broker uTrader, operating from en.utrader.com. uTrader claims to be an online Contracts For Difference (CFDs), Forex and options trading platform provider.  Day Dream Investments Ltd., which claims to be located in the Republic of the…

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TechFinancials sells its holding in MarketFinancials to Proverial Ltd
November 24, 2017 BY LeapRate Staff

TechFinancials sells OptionFair binary options brand for $400K as it focuses on Blockchain and Crypto technologies

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) is getting out of the broker side of the business. TechFinancials today announced that it has agreed to sell its CySEC licensed subsidiary B.O. TradeFinancials Limited which operates the OptionFair binary options brokerage brand, as well as another related subsidiary MarketFinancials Limited, to a Cyprus incorporated company called…

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