Tag: binary options broker

January 08, 2014 BY Gerald Segal

iOption update – CySEC license (finally) revoked, website still up

...however most importantly, it seems as though not all clients of the binary options broker have received their money back. Following up our earlier exclusive story about binary options broker iOption closed down – the real story from November... CySEC has finally, two months after the fact, made an announcement that the CIF license issued to…

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November 28, 2013 BY Gerald Segal

Cyprus warns against Sycamore Options – a second time?

It looks like CySEC’s earlier warning against TraderXP was for the same company The Cypriot regulatory authority CySEC has issued another warning against dealing with a binary options broker called Sycamore Options. Just as in previous cases there was no detailed information in the announcement on CySEC’s website as to whether or not the company…

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November 13, 2013 BY Gerald Segal

iOption closed down – the real story

Dispute among shareholders, near-sale to a rival Binary Options broker. LeapRate Exclusive... After contact with several of the behind the scenes players in the drama leading up to the closure this weekend of leading binary options broker iOption, LeapRate has learned more about the circumstances and events leading to the unfortunate shutdown. First, following the…

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November 11, 2013 BY Gerald Segal

Three binary options brands jump ship to Tradologic

Option Ground, Finopex and EasyXP unite into Regaloptions and choose Tradologic’s platform Three ex-clients of TechFinancial – Option Ground, Finopex and EasyXP will be rebranded under a common name "RegalOptions" and have switched their platform provider to Tradologic. After Tradologic got on board the major binary options label Cedar Finance in July and FXTrade Japan…

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November 10, 2013 BY Gerald Segal

iOption shut down?

Various media reports are that binary options broker iOption has shut down and laid off its employees, just days after formally receiving its CySEC CIF license. Israel business newspaper Calcalist has reported today that binary options broker iOption has shut down. The report would not be too unusual -- there simply isn't room for every…

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October 20, 2013 BY Gerald Segal

CySEC warns investors about binary options broker NRGbinary

It appears the grace period for Cyprus based binary brokers to apply for a CySEC CIF license has lapsed. Cyprus financial regulator CySEC has sent out a release warning investors against binary options broker NRGbinary (www.nrgbinary.com), and its parent company NRG Capital (CY) Ltd. CySEC states that NRGbinary is not and has never been licensed…

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September 20, 2013 BY Gerald Segal

Binary options broker Cedar Finance earns CySEC CIF license

CySEC remains one of the few regulators to license binary options brokers. LeapRate Exclusive... LeapRate has learned that Cyprus-based binary options broker Cedar Finance has been granted a Cyprus Investment Firm (CIF) license to binary options broker Cedar Finance. The license was actually issued to Cedar Finance's parent company T.B.S.F. Best Strategy Finance Ltd. Cedar Finance…

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September 20, 2013 BY Gerald Segal

CySEC warns investors against binary options broker TraderXP

Unclear what the CySEC warning against TraderXP. It is interesting comparing the warnings and fines issued by regulators such as the CFTC in the US, and CySEC in Cyprus. The CFTC is always very precise and detailed when it issues a warning, specifying what exactly happened (or is alleged to have happened). CySEC's pronouncements, however,…

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