South Africa’s FSB Adds Binary Options Broker Stockpair to Blacklist is a binary options broker domiciled in Belize and not authorised to render financial services in South Africa.

South Africa’s independent regulator, the Financial Services Board (FSB), has issued a warning against The binary options broker is domiciled in Belize and not authorised as a financial Institution in South Africa, according to a recent FSB statement.

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Several Canadian provincial watchdogs have warned against the binary broker in the last two years. France’s financial market regulator, the Autorité des Marchés Financiers (AMF), followed suit with its own investor alert.

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According to the broker’s website, is a brand operated by NXB Financial Services Ltd, a financial services company which is authorized and regulated by the Belize International Financial Services Commission.

According to the South African watchdog, solicits investments from the general public in order to trade on its platform but is not authorised to render financial services in the country. Furthermore, is not a representative of an authorised financial services provider, as required by the Financial Advisory and Intermediary Services (FAIS) Act, 37 of 2002.

South Africa is one of the world’s top ten capital markets and home to thousands of investors, and has become a repeated destination for brokers.

The FSB again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSB on either a toll free number or on the website The FSB is an independent institution, established by statute to oversee the South African non-banking financial services industry in the public interest, and fully funded by fees and levies imposed on this industry.

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