Australia issues warning regarding binary option brands


The Australian  Securities & Investments Commission (ASIC) today warned the public about the conduct of the following binary option websites. It is best to avoid doing any business with these websites if contacted as they are not properly regulated and especially to Australia they are not licensed to provide any service whatsoever to customers down under.

All of the following entities operate websites that offer binary option trading services but none of them are appropriately licensed or authorised to provide these types of services in Australia:

Name Address Website
Go Trading Technologies Ltd (trading as GOptions)

 

“GOptions”

3rd floor C & H Towers, Corner of Great Marlborough and   Great George Streets, Roseau, Commonwealth of Dominica https://www.goptions.com/
Oracle Stone Limited (trading as Porter Finance)

 

“Porter Finance”

20-22   Wenlock Road, England N1 7GU

 

https://porterfinance.com/
Cheshire Capital Ltd (trading as Boss Capital)

 

“Boss Capital”

Cavell House Stannard Place, Crispins Rd, Norwish, NR3 1YE, UK https://www.bosscapital.com/

 

Changecapital SM Ltd (trading as Max Options)

 

“Max Options”

Kemp   House, 152-160 City Road, London, EC1V 2NX https://www.maxoptions.com/

 

Bloombex Ltd (trading as Bloombex Options)

 

“Bloombex Options”

3rd floor C & H Towers, Corner of Great Marlborough and   Great George Streets, Roseau, Commonwealth of Dominica https://bloombex-options.com/

 

CIT investments Ltd (trading as Citrades)

 

“Citrades”

Ajeltake   Road, 96960, Majuro, Marshall islands https://www.citrades.com/

 

Zulutoys Limited (trading as RBoptions)

 

“RBoptions”

Ajeltake Road Ajeltake Island Majuro, MH96960 Marshall Islands https://www.rboptions.com/

 

Omni Capital Ltd/Omni Global Solutions SRL (trading as   OptionsXO)

 

“OptionsXO”

Omni   Capital Ltd. Ajeltake Road, Ajeltake Island, Majuro MH96960 Marshall Islands

 

Omni   Global Solutions SRL Bucharest, Third sector, 17 BABA NOVAC street, Romania

https://www.optionsxo.com/

ASIC is concerned that these entities are marketing their services to Australians and are misleading Australian investors into believing they are operating lawfully under Australian regulation.

Each website allows for persons, including those based in Australia, to sign up for live trading accounts. ASIC is satisfied that persons based in Australia are likely to suffer detriment as a result of being misled as to the regulatory status of these entities.

Australians should avoid dealing with any of these entities until they are appropriately licensed or authorised to operate in Australia.

ASIC stated they have made numerous unsuccessful attempts to contact the entities that are the subject of this public warning. ASIC is satisfied that it is in the public interest to warn the public about the conduct of these sites.

 

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Australia issues warning regarding binary option brands

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