CFTC Adds 70 New Forex and Binary Options Brands to its ‘RED List’

The RED list includes brokers that are soliciting or accepting funds from U.S. residents without CFTC registration.

The U.S. Commodity Futures Trading Commission (CFTC) today updated its caution list, the ‘RED List’, in which it warns the public against unauthorized FX and binary options firms that are illegally conducting financial services targeting the country’s residents. The CFTC added 71 new names to the List, bringing the total number of backlisted entities to over 110.

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Short for ‘Registration Deficient List’, the RED list follows the example of other regulators abroad, such as the AMF (Autorité des marchés financiers) in France, which allows investors to identify unregistered foreign entities that may be engaged in illegal practices.

The U.S. regulator’s list includes forex and binary options brokers that appear to be soliciting and/or accepting funds from U.S. residents without having obtained CFTC registration, providing more protection and transparency for investors.

According to the CFTC, many of these foreign entities are acting in a capacity requiring them to be registered with the CFTC. Registration allows the agency to provide greater security and oversight of the industry by examining whether firms meet minimum financial standards as well as disclosure, reporting and recordkeeping requirements. However, the press release emphasized that registration is no guarantee against fraud or mismanagement by an unethical firm, although it does help bring a higher level of security and accountability to the industry.

The following brands have been added to the RED List:

  1. 10Markets
  2. Eagle Gate
  3. Omega Options
  4. 1Billion Forex
  5. eXbino
  6. Option Giants
  7. 33Option
  8. Finpari
  9. Option King
  10. AAFX Trading
  11. FinPro Trading
  12. Options24hours
  13. Advanced Options
  14. Forex Ltd.
  15. Oracle Stone
  16. Allgo Trading
  17. Forex Ukraine
  18. Planet Option
  19. Anthony, John
  20. FX Moneyworld
  21. Price Markets Brokerage
  22. AOS Holding
  23. Profitable Forex Advisors
  24. ASK Options
  25. FXT Swiss
  26. Rbinary
  27. AXI Trader
  28. FXUmarkets
  29. Safe Options
  30. Azbinary
  31. GFM Trader
  32. Starling Capital
  33. Barkley Capital
  34. Glenridge Capital GMR
  35. Stichting WST Capital
  36. Bartle Investment Group
  37. Forex Goptions.com
  38. Tall Options
  39. BinaryRoom365
  40. Iforex
  41. Trades Capital
  42. Binex Markets
  43. Inside Option
  44. TradeThunder
  45. BitVC
  46. Instant Options
  47. TradeWiseFX
  48. BoursoPro
  49. Int’l Brokers Assn Mkts
  50. uTrader
  51. BoursoTrade
  52. GT Options
  53. Vision Binary
  54. Byrix Financial Investments
  55. Janus Options
  56. Weathika
  57. Capital Bank Markets
  58. London Binary Option
  59. WinOptions
  60. Capital Trade House
  61. Market Options
  62. Wynn Finance
  63. Cherry Trade
  64. MarketsWorld
  65. com
  66. MercerFX
  67. CT Option
  68. MFX Brokers
  69. Empire Options
  70. Morton Finance
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