The FSMA warns against Banq of Broker, Ikkotrader and AJ Browder Capital

FSMA regulateur belgeThe Financial Services and Markets Authority (FSMA), which is the Belgian authority in charge of monitoring the financial sector in its territory, that works hand in hand with the National Bank of Belgium in order to successfully carry out its mission has just drafted an official statement against several companies. The FSMA ensures that the different financial entities that perform their activities on Belgian soil comply with the legislation of Belgium with regard to financial services. In its official statement to binary options traders, the Belgian authority warns traders against two companies behind which lurk in fact an interesting number of fairly well-known binary options brokers in the trading industry.

The statement of the FSMA regulator

Through the statement of the FSMA, it is stated that the two companies IP International Service and Trading Corporation are the subject of this warning from the competent authorities. You should know that behind these two names that we refer to hide in fact binary options brokers such as Banq of Broker, Ikkotrader, trader369 or AJ Browder Capital as it is also stated by the FSMA. The regulator of the Belgian financial markets justifies this warning by stating that the two parent companies are not authorized as investment firms in Belgium; they do not have the necessary qualifications that would justify this title and thus the binary options brokers related to them are also prohibited for the same reasons.

IP International Service and Trading Corporation would both seem linked; the first of these two companies would house the brokers mentioned above whereas Trading Corporation would supply its services in the field of market analyzes for the clients of binary options brokers. These companies are prohibited in Belgium but the warning is addressed here to all international traders. If these brokers do not correspond to the Belgian legislation, French traders should themselves also be concerned and be cautious of these four brokers and rather think about favoring regulated binary options brokers in France and Europe such as OptionWeb or TopOption.

Four binary options brokers to avoid

When we visit the websites of the above-described different brokers, which are now found in the viewfinder of the Belgian regulator, namely Banq of Broker, Ikkotrader, AJ Browder Capital and Trader369, we can find exactly the same terms and general conditions under which it is stated that every time the broker in question carries on its business on behalf of IP International Service. Thus, this shows us that the regulator does not make mistakes in these statements and that its reasoning is based on solid evidence and that these brokers that belong to the same company should be avoided at all costs because of what the FSMA reproaches against it. In addition, we can note the fact that these four binary options brokers are also prohibited in France since their names are among the brokers listed in the black list of the French regulator of the financial markets (AMF) and do not appear in no case as regulated broker in the records of the CySEC, the SEC (U.S. Securities and Exchange Commission), the NFA, the CFTC and the FSA.

ip international service

The images of this article are in foreign language because the article has been originally realized for the French version of the website. 

Choose a serious binary options broker

At this time when the binary options industry is becoming more and more democratic, traders can now count on the seriousness of several regulated binary options brokers that have managed to obtain authorizations from various regulatory authorities in the international financial markets. A license is simply a necessity for a binary options broker today as this testifies to its seriousness and the recognition given to the broker by international regulators for the quality services it provides to its traders; thus this may just make the difference between the good and bad binary options brokers that do not have this kind of license and credibility.

As mentioned at the beginning of the article relating to the regulated binary options brokers such as OptionWeb, TopOption or AnyOption for example, orientation with such brokers is necessary when one wishes to earn money on the financial markets through binary options. These two brokers that we refer to are regulated in France (by the AMF), but also in Europe (by the CySEC); they also offer other benefits such as bonuses on deposit. We have negotiated for our readers the best bonuses that can be found on the Internet at the opening of a trading account with OptionWeb or TopOption; you get a 100% negotiated bonus instead of 0% and 20% bonus that these brokers offer their new traders under normal circumstances. In addition, the guarantee allows you to benefit from our assistance in case of conflict encountered with one of these brokers.

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