The City of London Police has disclosed that it carried out a series of coordinated raids this past Tuesday, October 17, aimed at stemming Binary Options fraud in the city. London authorities still call Binary Options fraud a "growing problem", with the police's Action Fraud stats showing that in just the first half of 2017, 697 people…
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Cyprus financial regulator CySEC has announced the reinstatement of the CIF license of Gametech (Cyprus) Limited. Gametech operated the binary options brokerage brand ProOptions.com. ProOptions was one of several binary options firms to have their licenses suspended by CySEC back in March. The regulator stated at the time that the suspensions were for suspicions of an…
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Geneva based Retail FX broker Dukascopy has announced that it has added a new functionality to its binary option contracts: chained option contracts. Two types of chains are available: Martingale and Winning. When enabling a Martingale chain to an option, the system will automatically place another chained contract for a doubled amount every time the…
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Further to our exclusive coverage of the launch of new FX and CFDs broker ChampionFX by former ThinkMarkets GM Athol Nourse and its plans to be involved in an ICO, Mr. Nourse's partner in the venture - binary options broker Binary.com - has indeed released its ICO document, in which it confirms its co-ownership of ChampionFX and details…
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The Sydney Morning Herald has detailed contempt of court charges which have been brought against Tony Senese, his son Cameron Senese, and their former lawyers Kalus Kenny Intelex for violating a court ordered asset freeze. First, some background... In May 2016, ASIC commenced Federal Court proceedings against various entities including Eustace "Tony" Senese, his son Cameron…
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LeapRate Exclusive... LeapRate has learned that binary options brokerage group EZTD Inc (OTCMKTS:EZTD) has filed paperwork with the US Securities and Exchange Commission (SEC) indicating that it is terminating its registration with the SEC, effective immediately. Once formally not an SEC registrant, EZTD will no longer be eligible to have its shares listed on the over-the-counter…
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Credit card dispute specialist MyChargeBack.com, owned and operated by Cactil LLC, has announced that their ChargeBack VIP program has successfully disputed more than $1 million USD in claims to-date. MyChargeBack's ChargeBack VIP program helps investors recover the money stolen by Binary Options, Forex and CFD trading websites which claim to act as "brokers", but in reality are…
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Belgium's financial regulator FSMA has issued a warning against nine Binary Options brokers which are unlawfully offering binary options to Belgian retail traders. Any company wishing to offer investment products in Belgium must hold an authorization. However, since August 18, 2016, no investment firm (authorized or not) is permitted actively to distribute binary options within the territory of Belgium.…
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Cyprus financial regulator CySEC has announced that regulated CIF license holder Lionsman Capital Markets (Cyprus) Ltd renounced its authorization as of June 9, 2017. We had reported last month that CySEC had issued a €90,000 fine to Lionsman, which used to operate Forex and Binary Options brokerages. CySEC did not specify the exact reason for the fine, but…
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CFTC-regulated binary options broker Nadex has given notice that its free trading incentive program will terminate at the close of business on Friday, July 21, 2017. Any account that has not made an initial funding as of 4:15 pm ET on July 21, 2017, will no longer be eligible for the fee-free trading days under the…
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