The Australian Securities & Investments Commission (ASIC) today warned the public about the conduct of the following binary option websites. It is best to avoid doing any business with these websites if contacted as they are not properly regulated and especially to Australia they are not licensed to provide any service whatsoever to customers down under.
All of the following entities operate websites that offer binary option trading services but none of them are appropriately licensed or authorised to provide these types of services in Australia:
| Name | Address | Website |
| Go Trading Technologies Ltd (trading as GOptions)
“GOptions” |
3rd floor C & H Towers, Corner of Great Marlborough and Great George Streets, Roseau, Commonwealth of Dominica | https://www.goptions.com/ |
| Oracle Stone Limited (trading as Porter Finance)
“Porter Finance” |
20-22 Wenlock Road, England N1 7GU
|
https://porterfinance.com/ |
| Cheshire Capital Ltd (trading as Boss Capital)
“Boss Capital” |
Cavell House Stannard Place, Crispins Rd, Norwish, NR3 1YE, UK | https://www.bosscapital.com/
|
| Changecapital SM Ltd (trading as Max Options)
“Max Options” |
Kemp House, 152-160 City Road, London, EC1V 2NX | https://www.maxoptions.com/
|
| Bloombex Ltd (trading as Bloombex Options)
“Bloombex Options” |
3rd floor C & H Towers, Corner of Great Marlborough and Great George Streets, Roseau, Commonwealth of Dominica | https://bloombex-options.com/
|
| CIT investments Ltd (trading as Citrades)
“Citrades” |
Ajeltake Road, 96960, Majuro, Marshall islands | https://www.citrades.com/
|
| Zulutoys Limited (trading as RBoptions)
“RBoptions” |
Ajeltake Road Ajeltake Island Majuro, MH96960 Marshall Islands | https://www.rboptions.com/
|
| Omni Capital Ltd/Omni Global Solutions SRL (trading as OptionsXO)
“OptionsXO” |
Omni Capital Ltd. Ajeltake Road, Ajeltake Island, Majuro MH96960 Marshall Islands
Omni Global Solutions SRL Bucharest, Third sector, 17 BABA NOVAC street, Romania |
https://www.optionsxo.com/ |
ASIC is concerned that these entities are marketing their services to Australians and are misleading Australian investors into believing they are operating lawfully under Australian regulation.
Each website allows for persons, including those based in Australia, to sign up for live trading accounts. ASIC is satisfied that persons based in Australia are likely to suffer detriment as a result of being misled as to the regulatory status of these entities.
Australians should avoid dealing with any of these entities until they are appropriately licensed or authorised to operate in Australia.
ASIC stated they have made numerous unsuccessful attempts to contact the entities that are the subject of this public warning. ASIC is satisfied that it is in the public interest to warn the public about the conduct of these sites.