French Regulator Adds Five New Binary Options Firms to Blacklist
- The AMF has marked five additional binary options brokerages as illegal operations.
The Autorité des marchés financiers (AMF) has added five new binary options brokerages to its already extensive blacklist. According to the watchdog, the 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 firms had been soliciting clients without being licensed to carry out such activities. The new additions are the brands CBF Financial, Toro Next, Easygestions, 4U Groups, and Luxembourg Capital Finance.
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The French regulatory body has stated that these binary options trading firms are not authorized to market their services to clients via phone calls or emails. Lists of unauthorized websites appear on the AMF website, as well as on the Insurance Savings Info Service - ABE IS website. If an individual or company is not registered on any list, the French regulatory authority maintains that clients should not trade with them.
For this past year or so, France has been running a tight ship when it comes to the marketing of online trading, although it has not banned the practice of investing in itself. This has made the country known for its strict treatment of online trading firms.
This is the second day in a row that the AMF has added a number of unauthorized trading firms to its blacklist. On Wednesday, the authority added more firms, including the brands MT4 Invest, GSS Financial X90, PROMFX, and Boom Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term.
Additionally, the French regulator blacklisted ten unauthorized brokers in March this year. This round included brands such as Agenda Invest, Financial Futures Ltd, GMSA investments, Group Investment, Market Options, Swiss XM, and more.
The Autorité des marchés financiers (AMF) has added five new binary options brokerages to its already extensive blacklist. According to the watchdog, the 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 firms had been soliciting clients without being licensed to carry out such activities. The new additions are the brands CBF Financial, Toro Next, Easygestions, 4U Groups, and Luxembourg Capital Finance.
The London Summit 2017 is coming, get involved!
The French regulatory body has stated that these binary options trading firms are not authorized to market their services to clients via phone calls or emails. Lists of unauthorized websites appear on the AMF website, as well as on the Insurance Savings Info Service - ABE IS website. If an individual or company is not registered on any list, the French regulatory authority maintains that clients should not trade with them.
For this past year or so, France has been running a tight ship when it comes to the marketing of online trading, although it has not banned the practice of investing in itself. This has made the country known for its strict treatment of online trading firms.
This is the second day in a row that the AMF has added a number of unauthorized trading firms to its blacklist. On Wednesday, the authority added more firms, including the brands MT4 Invest, GSS Financial X90, PROMFX, and Boom Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term.
Additionally, the French regulator blacklisted ten unauthorized brokers in March this year. This round included brands such as Agenda Invest, Financial Futures Ltd, GMSA investments, Group Investment, Market Options, Swiss XM, and more.