SFC Warns Investors Against One Two Trade Binary Options Provider

Hong Kong's SFC has issued a warning against binary options broker One Two Trade and flagged a further suspicious website.

Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has added a further company to its Alert List in the watchdog’s attempts to eradicate unlawful activities in the financial services industry in the region.

One Two Trade is the latest firm to be listed by the SFC under the category of Unlicensed Entities, and follows a further warning by the regulator last week about OTEX World Corporation, another unlicensed entity, as reported by Finance Magnates.

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Unlicensed Entity

One Two Trade, which operates online via the url www.onetwotrade.com, is located at Cobalt House, Notabile Road, Mriehel, Birkirkara BKR 3000, Malta and at Thomas More Street, London, UK.

The brokerage is a provider of binary options trading services offering trading on more than 350 underlying assets spanning stocks, currencies, commodities and indices.

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According to the regulator, the brokerage has been targeting the Hong Kong public when it does not have the authority to do so, in the hope of attracting would-be investors.

In this particular instance, One Two Trade has not obtained the necessary licence permitting it to sell its services in Hong Kong. The SFC has therefore advised investors not to participate in any trading activities with this firm.

Suspicious Website

A further warning was also issued today by the SFC against the website www.sfzx168.com, and has been flagged under the category of Suspicious Websites.

The SFC said that the website under which the company operates is not associated with CASH Asset Management Limited, CASH Wealth Management Limited, Celestial Capital Limited, Celestial Commodities Limited and Celestial Securities Limited, which are SFC-licensed corporations.

Suspicious website operators often use names similar to legitimate companies to confuse investors although in this specific case, a glance at the website in question quickly reveals the dubious nature of the red-flagged firm’s trading activities, leaving potential investors in no doubt that the operator of the website is a scam.

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