France AMF warns against offshore FX brokers Binarycent, Raceoption and VideoForex


The Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR) have published a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so.

Here are the new websites recently identified:

  • www.binarycent.com / Cent Projects Ltd / Finance Group Corp.
  • www.raceoption.com / Affort Projects SA / Finance Group Corp.
  • www.videforex.com / Affort Projects SA / Finance Group Corp.

A list of all unauthorized websites to offer investments on the unregulated foreign exchange (Forex) market is available in the AMF’s website (section: Espace Épargnants > Protéger son épargne > Listes noires) and Assurance Banque Épargne Info Service – ABE IS’s website (section: Vos démarches > Se protéger contre les arnaques > Les listes noires des sites internet et entités non autorisés).

These websites may change very quickly and this list is not intended to be exhaustive.

The AMF strongly recommends that you should not make use of their services, as they are in breach of the applicable legislation and are not required to comply with basic rules of investor protection, information disclosure and claims handling.

The official warning can be seen here.

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France AMF warns against offshore FX brokers Binarycent, Raceoption and VideoForex

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