France's AMF Adds 16 Binary Options Websites to its Warning List

France’s financial markets regulator, the Autorité des Marchés Financiers (AMF), has today warned the public against 16 websites that purport to offer binary options trading yet lack any verifiable authorization to do so, as per an official advisory.

Added to unauthorised list

The list of providers that were published includes the following domain names:

abroption.com, allianz-brokers.com, banque-investissement.com, barclaystraders.com, connecting-trade.com, collinsgestion.com, f-generalsecurities.com, finpari.com, gointrading.com, ibl-markets.com, microption.com, mytradeoption.com, solution-capital.com, stock-binary.com, switzerland-capital.com, and swisspartners-ag.com.

The AMF said that the full list of unauthorized sites such as those described above is available on the regulator's website, and emphasized that these domains may change very quickly and that the list is not meant to be exhaustive.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now - for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Furthermore, traders seeking to invest in France with licensed brokers should view the register of financial agents on regafi.fr, and a list of authorized intermediaries in additional investor advisor categories on orias.fr/search.

Recent increased scrutiny

France's AMF has been quite active in policing binary options in its country and has made numerous such announcements and warnings as Finance Magnates has reported on over recent years.

The binary options industry has come under intense scrutiny by media and regulators in recent months as there are still a large number of firms that operate without any Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term despite regulations existing in other regions where regulated binary options brokers operate without any incidence.

Because of this regulatory arbitrage or inconsistency across jurisdictions, the magnifying glass has been put on some firms as issues related to best-execution, not honoring customer withdrawal requests or related matters of not upholding proper business ethics have come under question.

There is, however, a working model of the binary options industry that can be mirrored elsewhere such as in the United States and Japan, as well as in other regulatory jurisdictions which have proper checks and balances to help ensure that these products are facilitated in a safer manner for clients.