Recently, a wave of enforcement actions has taken place in the trading industry, particularly in the binary options industry. For example, we can mention the recently-published blacklist of the AMF comprising 79 binary options brokers to avoid , or the $10,000 fine that the CySEC regulator imposed against Banc de Binary, as well as the warning of the CySEC against the CallandPut broker. Today, we are once again paying attention to a new enforcement action; this is in regards to a warning issued by the FSMA (the authority of the Financial Services and Markets in Belgium), the organization that aims to regulate the Belgian financial industry. The latter warns its traders and investors against several binary options brokers through a statement that has recently been published on its website.
The Belgian financial markets regulator (FSMA) has edited and uploaded a statement on its website where it warns the public against several binary options brokers. The Belgian financial authorities point out that these companies allow traders to earn money through high-risk trading instruments without conforming to the local financial regulations. The broker mentions several brands that are beginning to be known in the trading industry. The following names are mentioned in the warning: OBmarkets, GoodOption, UBinary, TriumphOption, BoBank (AnalysisFinance) and BforBroker.
The FSMA regulator also points out that the previously-mentioned brokers are by no means authorized to provide their investment services to traders since these brokers do not comply with the Belgian financial regulation and do not have the authorization or license of the FSMA regulator, a non-negligible element when a broker wishes to offer online brokerage services to traders in Belgium.
According to the statement issued by the FSMA regulator, binary options are highly speculative products and therefore they are not without the risk of financial loss. The regulator has already published (in May) a detailed statement of this investment product wherein it shows the potential risks for investors in relation to the potential gains. Since binary options are investment products that require a certain reliability, it is preferable to opt for serious binary options brokers and avoid unauthorized brokers. In this new warning, the Belgian financial regulator FSMA warns traders and investors and advises them not to respond to solicitations from these binary options brokers or use their services given that the previously-mentioned companies are high-risk brokers.
Unlike the binary options brokers that the FSMA regulator strongly advises against in its recent statement, namely the following brokers: OBmarkets, GoodOption, Ubinary, TriumphOption, BoBank (AnalysisFinance) and BforBroker, there are a large number of authorized and regulated binary options brokers that do not represent a risk to traders since they have the necessary authorizations that allow them to offer binary options trading to traders. Such authorizations and licenses from various international financial regulators attached to their brands reflect among other things their reliability as well as the quality services that these brokers offer to their traders.
Among these regulated binary options brokers, we can give examples of serious brokers such as OptionTime and TopOption that will be well worth opting for. Both brokers are quality binary options brokers given that they are the most regulated brokers; these two brokers have a dozen licenses from European financial regulators. For example, they have licenses from the CySEC (Cyprus regulator – European Union), the AMF (AMF – France), the CNMV (the National Securities Market Commission – Spain), the CONSOB (The National Commission for Companies and the Stock Exchange – Italy) and the FCA (Financial Conduct Authority – United Kingdom).
By choosing to open a trading account with a regulated binary options broker, traders will receive quality services in addition to other benefits! The readers of our website can benefit from the exceptional bonuses on deposit that our team has exclusively negotiated with many binary options brokers. For example, with the previously mentioned regulated brokers OptionTime and TopOption, it is possible to enjoy an exclusive 100% bonus upon opening an OptionTime account and directly doubling one’s deposit, whereas this broker normally offers a maximum of 20% bonus to its new traders. Similarly, when opening a TopOption account, it will be possible to benefit from a 100% bonus on deposit whereas normally this broker simply does not offer any bonus to new traders.
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