LeapRate has learned that the new legislation to ban the operation of binary options brokerages in Israel will (finally) make it to Israel's parliament, the Knesset, for a formal first reading next Monday, June 26. Israel's parliament requires three readings of a bill before it can become law, with a formal Knesset vote usually taking…
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The Cyprus Securities and Exchange Commission (CySEC) just informed investors with regards to binary options operator Airfinance Pro Ltd (the Company), that: The Company was authorised by CySEC for the provision of investment services in financial instruments (License Number: 206/13) The Company renounced its authorization on 9 November 2016 but has not yet informed CySEC…
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The exit of regulated Binary Options brokers from Cyprus continues. The Cyprus Securities and Exchange Commission (CySEC) announced that, on 28th April 2017, the CIF Leadtrade Ltd, which provided investment services via the domains www.leadtradeltd.com, www.topoption.com, www.excellenceoption.com, www.prestigeoption.com, www.platiniumoption.com, www.optionsclick.com, renounced its authorisation, pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated…
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After months of drafting and warnings, it appears as if the Israel Binary Options bill will finally become law next week. Israel business news source TheMarker.com is reporting that the bill, which was jointly drafted between the Israel Securities Authority (ISA) and Finance Ministry, will be brought for a vote next week in Israel's Knesset.…
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The FMA noted a recent warning by the Australian Securities and Investment Commission (ASIC) against conducting business with binary options broker 24option. The FMA recommended exercising caution before dealing with 24Option and noted warning by another regulator - the French AMF. 24Option is operating at website https://www.24option.com/eu/binary-cfd/ and is not registered to offer financial services…
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ASIC has issued an application for contempt charges arising out of proceedings commenced against Allianz Metro Pty Ltd and other entities concerning the operation of binary trading websites. On 1 May 2016, ASIC commenced Federal Court proceedings against various entities including Eustace Senese; his son, Cameron Senese; and associated companies Allianz Metro Pty Ltd, Transcomm…
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The National Securities Market Commission (CNMV) has issued warnings on the following entities: BINARY OPTIONS ROBOT, operating at www.binaryoptionrobot.com and www.binaryoptionsrobot.com, and IAlphaGroup, operating at www.ialphagroup.com. According to CNMV records, these institutions are not registered in the corresponding registry of this Commission and, therefore, are not authorized to provide investment services. CNMV warnings on unauthorized…
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The Financial Services Commission, Mauritius (the FSC Mauritius) warned against the binary options broker VTB Trade. VTB Trade claims to be an international company that provides its customers with the most advanced services on the world financial market. It purports to have its contact details as: Global Service Headquarters, The Financial Services Centre, Berkshire House, Holborn,…
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Spanish regulator CNMV just warned that the binary options brokers and websites: https://www.toroption.com/es/; DGX SYSTEM LTD, operating at www.optioncm.com; and 53 CAPITAL TRADE LIMITED, operating at www.53capitaltrade.com and www.53option.com are not licensed or registered and, therefore, are not authorized to provide investment services. The companies are not authorised to provide the investment services detailed in…
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Canadian securities regulator the British Columbia Securities Commission (BCSC) announced that has added to its Investment Caution List unregulated binary options broker TorOption, which is owned and operated by Smart Choice Zone LP (together, the Parties). TorOption claims to be based in Glasgow, Scotland, and provides an online binary options trading platform, operating at www.toroption.com.…
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