The AMF publishes a list of 23 brokers to avoid

 amf
The key role of the financial markets regulator, AMF (French financial markets authority) is to supervise the companies and different entities such as binary options brokers that have a direct link to the financial markets and investment activity. The AMF carries out its mission in close collaboration with the prudential supervision authority (the ACP) of the Banque de France and has just updated its list of websites (forex and binary options brokers) that provide services linked to investment that are not regulated in France and that conduct their brokerage activity without any authorization whatsoever. Hence, it is preferable for a trader to avoid such brokers.

The last time this list of brokers had been published was in April 2013 when it encompassed 20 brokers to avoid according to the AMF. Now this list comprises a total of 23 non-recommended brokers in addition to three other brokers, namely ITCFX, Integral Broker and MotionForex.

The list of brokers to avoid

  1. 4xp.com/fr/ Forex Place Limited
  2. astonforex.com/ Marketrade Ltd
  3. bforex.com/ BFOREX Limited
  4. cfxmarkets.com/ CFB International Ltd
  5. finanzasforex.com/ Evolution Market Group Inc
  6. forextrada.com/ Forextrada
  7. forextradition.com/ Forex Tradition
  8. fxcast.com/ Surplus Finance SA
  9. gcitrading.com/ GCI Financial Limited
  10. ihforex.com/ Investment House International
  11. ikkotrader.com/ IP International service
  12. instaforex.com/ InstaForex Companies Group
  13. integralbroker.com/ IB International Ltd
  14. investcapitalmarkets.com/ ICM WORLDWIDE Ltd
  15. itcfx.com/ Investment Formula Corporation
  16. itnfx.com/ International Traders Network FX
  17. justrader.com/ MT Capital Partners
  18. motionforex.com/ Motion Forex Ltd
  19. netotrade.com/ Neto Trade Global Investment
  20. obroker.com/ Landkey Enterprises Inc
  21. sunbirdfx.com/ Sunbird Trading limited
  22. tradaxa.com/ Sisma Capital Limited
  23. trader369.com/  IP International Service – AJ BROWDER

 

This list of websites to avoid mainly comprises forex brokers, but what concerns us most here are the binary options brokers. We can note the presence of the IkkoTrader and AJ Browder Capital brokers (or trader369) that have also recently received a warning from the Belgian regulator FSMA (authority of financial services and markets) in addition to broker Banq of broker which also belongs to the same parent company IP International Service and behind which lie these three less recommended binary options brokers.

We also encourage our traders to check the AMF’s most recent black list of binary options brokers. It has been updated as of September 12, 2013, and it comprises 64 binary options brokers to avoid.

What is the purpose of such a list?

The Financial Markets Authority has not decided to publish this list by chance as one may suspect, instead its purpose is to inform and warn traders and other investors who have trading accounts with these brokers or who have been solicited by these brokers and who consider investing money in financial markets through them.  It represents an enormous risk-taking given that these companies in question here do not have the license of the French regulator, and therefore carry out their activities in non-compliance with local financial regulations. The working methods and practices of these brokers do not match the criteria of the AMF, hence the regulator has determined that French traders must imperatively avoid these brokers that some believe may have dishonest intentions towards traders.

In fact, it is not unusual to encounter many traders who are subject to the scams of  non-regulated brokers; many traders failed to recover money from their trading gains, while others lost a large part of their savings by entrusting them to malicious pseudo-managers and never recovered their funds. The AMF’s mission is to protect French traders and investors against such risky companies. Hence, this list  is published on the regulator’s website and is subject to regular updates to keep the public informed.

Choosing a regulated binary options broker

The wording of BonusOptionsBinaires.net recommends all novice traders who wish to earn money via binary options or experienced traders in search of new serious brokers with proven long-term track, to opt for the binary options brokers that are regulated in Europe by the AMF (French securities regulator) and the CySEC (Cyprus regulator that oversees brokers on a European scale).

The list of regulated brokers includes brokers such as AnyOption, OptionWeb or TopOption; these three brokers have their licenses from the AMF and CySEC, while the TopOption broker has in turn won the approval of more than a dozen international regulators. This demonstrates that these quality brokers have acquired a certain notoriety and managed to convince the competent authorities that they do not represent any risk.

The advantages of BonusOptionsBinaires.net

In case a dispute is encountered with one of the regulated binary options brokers (very rare thing) whether at the level of trading conditions or concerning the withdrawal of gains, traders can enjoy the automatic protection offered by the regulator that oversees the broker in question. Please also note that as a reader of BonusOptionBinaires.net, when you open a trading account with a binary options broker, you will benefit from the BonusOptionsBinaires.net guarantee as well as the protection offered by our team thanks to the privileged relationship it enjoys with brokers. Hence, this can quickly resolve any potential misunderstanding that may occur between the traders and the broker without the unnecessary initiation of legal and administrative proceedings that can turn out to be long and tedious.

We have also negotiated special bonuses on deposit with some binary options brokers featuring in the comparative chart that we have made available to you; for example, it is possible to benefit from a 100% bonus when you open a trading account with the OptionWeb broker as well as when you register with the TopOption broker. Please note that under normal circumstances, these two brokers offer 20% and 0% bonus respectively to new traders, making it a unique opportunity to grasp.

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