Category: Binary Options

TechFinancials converts loan into Footies
November 13, 2018 BY LeapRate Staff

TechFinancials gets $867,000 payout from Asia Binary Options JV

Binary options turned blockchain technology company TechFinancials Inc (LON:TECH) has announced that it will receive in early December an $867,000 dividend payout from its 51% owned joined venture company DragonFinancials. DragonFinancials operates binary options broker websites in China and the Far East, one of the few regions where binary options are still being offered to…

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binary options ban eu
November 09, 2018 BY LeapRate Staff

ESMA re-extends binary options trading ban to April 2019

For the second time since first introducing a three-month ban on offering binary options trading to retail clients in the EU in July 2018, European financial regulator ESMA has extended the ban for a further three months. The current ban is set to lapse on January 1, 2019. The three month extension takes the ban…

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UN report says North Korea laundered $2 billion theft via Hong Kong firm
October 12, 2018 BY Valentina Kirilova

Court enters $14 million judgment against options trader for fraudulent options scheme

The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge John Robert Blakey of the U.S. District Court for the Northern District of Illinois entered a Consent Order for Permanent Injunction (Consent Order), which resolves charges against Defendant Thomas C. Lindstrom, of Winnetka, Illinois, for engaging in fraud in connection with his trading of…

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binary options scam
September 21, 2018 BY Valentina Kirilova

AMF warns against unauthorized binary options websites

The Autorité des marchés financiers (AMF) has published a list of new websites offering binary options trading, for which no authorized investment services provider could be clearly identified. Here is the list of new websites recently identified: www.binarycent.com www.patrimoinegestion-management.com www.pocketoption.com A list of all unauthorized websites to offer trading of binary options is available in…

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OptionFair binary options closed
September 18, 2018 BY LeapRate Staff

TechFinancials Revenues down 46% in 1H-2018 as Binary Options business stalls

Binary options platform and broker turned Blockchain company TechFinancials Inc (LON:TECH) has announced its financial results for the first half of 2018, indicating (not too surprisingly) that Revenues were down by 46% from 1H-2017, to $3.78 million. TechFinancials earlier this year shut down its OptionFair binary options brokerage brand, gave up its CySEC license, and shuttered…

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binary options ban eu
August 24, 2018 BY LeapRate Staff

ESMA extends binary options trading ban into 2019

Just halfway through its initial three month ban on offering binary options trading products in the EU, pan European financial regulator ESMA has announced that it will be extending the ban for a further three months. The initial temporary ban was finalized in March and came into effect on July 2, running through to October…

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Principal of binary options trading firm fined $200,000 for illegal off-exchange trading
August 20, 2018 BY Valentina Kirilova

Retail traders still finding ways to deposit to Binary Options brokers after credit card ban: OBSI

Canada's Ombudsman for banking services and investments (OBSI) has once again reminded the public that binary options are highly risky and can leave investors with no protection. However, retail traders are still finding ways to deposit to Binary Options brokers after credit card ban. Key learnings: The sale of short-term binary options has been banned…

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