The U.S. Commodity Futures Trading Commission (CFTC) announced today the release of The Truth Behind Binary Options Fraud, new videos that give viewers a first-hand look at the tactics shrewd fraudsters use to con investors out of hundreds or even thousands of dollars. The first of the videos follows (for the second, see the bottom…
Read moreLeapRate Exclusive... LeapRate has learned that online giant Google has taken what seems to a final step in the coffin of Binary Options trading, issuing a blanket ban on all apps which allow Binary Options trading in its Google Play apps store. In its Developer Policy Center, Google Play issued new updates and guidelines for…
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The Autorité des marchés financiers (AMF) has reported that different individuals have received messages from a person called Mr Villard, who claims he is mandated by the AMF to help them recover sums invested in a binary options platform. This individual is using the AMF's contact details, name and logo fraudulently. An individual, who introduces…
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Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has notified Cyprus financial CySEC of its intention to withdraw the Cyprus Investment Firm (CIF) license of its regulated subsidiary B.O. TradeFinancials Limited (BOT), and that it plans to shut down its OptionFair binary options brand, returning all client funds. BOT is the…
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Cyprus financial regulator CySEC has announced that it has withdrawn the CIF license suspension of Boursotrade Ltd. We had reported in March 2017 that CySEC had issued a temporary suspension of Boursotrade's license, due to “Persons who effectively direct the business”. Boursotrade Ltd operated several website brands, including boursotrade.com, boursepro.com, and Binary options broker boursebinary.com.…
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The Times of Israel is reporting that the Canadian financial regulator overseeing Binary Options has explained to Google how the advertising enables scammers to find victims and has asked it to follow Facebook's lead in barring the ads. On January 30, Facebook announced that it was banning all advertising for binary options, cryptocurrencies and initial…
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Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has cancelled the planned sale of its Binary Options holdings, after the buyers were unable to secure the necessary regulatory approvals for the deal by a self-imposed deadline of January 31, 2018. As we reported in late November, TechFinancials came to an…
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The Financial Conduct Authority (FCA) is today urging the public to be vigilant to the threat of online investment fraud. Fraudsters offering investments in binary options, contracts for difference (CFDs), forex and cryptocurrencies (such as Bitcoin) often promote themselves online and via social media channels, such as Facebook, Instagram and Twitter. They typically promise high…
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Retail Forex broker Alpari just announced that it has launched a new version of its BinaryTrader platform for binary options trading. The new version of the platform contains some significant upgrades to both the platform's design and functionality. The following features are now available in the new version of the platform: technical analysis indicators; charts…
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LeapRate Exclusive... LeapRate has learned via court filings made in Israel (see source below) that the country's highest court has rejected an appeal made against the new Binary Options ban legislation. As such, Israel's Binary Options ban law takes effect today, January 23, 2018, as planned. All Binary Options activity, from offering binary trades to…
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