Have you ever heard of the TitanTrade binary options broker? It turns out that this broker, which has already been the subject of warnings on behalf of several international financial regulators, has recently received a warning from another financial regulator; we are referring to the Italian financial regulator CONSOB. The reputation of the TitanTrade broker is tainted yet again, hence it is obviously a binary options broker to avoid if we wish to avert the risks of unauthorized brokers.
The CONSOB (Commissione Nazionale per le Società e la Borsa) is the regulator of the financial markets in Italy. Its role is the same as the AMF in France, the FCA in the United Kingdom, the CNMV in Spain or the BaFin in Germany. The financial regulator CONSOB is among other things the Italian financial markets regulator, whereby it regulates the actors and products of the Italian financial market; it regulates, authorizes, supervises and, when necessary, controls, investigates and sanctions financial entities when required. The role of the Italian financial regulator CONSOB is also informative and preventive; the financial regulator provides certain information to investors such as warnings and various alerts about questionable companies and supports local investors in their efforts during conflict situations encountered with a financial company thanks to its team of mediators.
The CONSOB also assigns licenses to companies that file a request in order to obtain a license and that manage to successfully pass the regulator’s exams. The goal of these companies is to be officially recognized by the Italian competent financial authorities as serious financial companies whose practices are consistent with local financial regulations. The regulator CONSOB is simply the reference in Italy in terms of financial regulation. This is why, Italian binary options traders who want to avoid getting scammed generally ensure that the binary options brokers that they choose are authorized and regulated by the CONSOB through having one of its licenses.
The TitanTrade binary options broker was established over 3 years ago; it has been active since 2013 in the trading industry and allows traders to speculate on the different financial markets through a SpotOption-signed platform. Please be aware that the TitanTrade broker has no license, thus it is a binary options broker to avoid if you do not want to take any risks with regard to potential binary options scams from unauthorized companies in this industry.
Moreover, the CONSOB has recently published a warning against the TitanTrade binary options broker and three companies linked to it. Thus, the Italian financial regulator warns investors in its country against the TitanTrade broker and against the companies Titan Trade Capital Limited, Dom Technology Services Ltd and Titan Trade Solutions Ltd which are under no circumstances authorized to provide their services in the investment field within the Italian territory, including online services.
This is not the first time that the TitanTrade binary options broker has been the subject of warnings on behalf of financial regulators; for example, the broker appears on the red list of the CFTC (the US regulator of financial markets). The TitanTrade broker is not a binary options that is recommended by the authorities given its lack of credibility (licenses) even if it has been present long enough in this industry. Hence, we invite you to consult the alternatives to the TitanTrade broker in the paragraph below.
As opposed to the TitanTrade broker, why not choose a recommended binary options broker; a regulated binary options broker that has authorizations and licenses to offer its investment services within the entire European Union. Indeed, rare gems exist in binary options; they are known under the names of 24Option and TopOption for example. Both binary options brokers have more than a dozen financial regulators licenses including the one from the CySEC (the financial regulator of Cyprus, European reference in the field of online trading).
The regulated binary options brokers are serious; they have been closely scrutinized by the financial regulators before obtaining their authorizations and licenses. Thus, they have earned a more serious reputation and are among the leaders in this industry. Please also note that if you want to open a TopOption or 24Option trading account using one of the links on our website, you can benefit from a 100% negotiated bonus on deposit, while these brokers do not offer this type of exclusive bonus in normal times. In addition to this, the BonusBinaryOptions.net guarantee will be automatically granted to you.