Binary Options broker group Novox Capital fined €5,000 by CySEC over name change to ZoomTrader Global LeapRate

March 10, 2017 BY LeapRate Staff

Binary Options broker group Novox Capital fined €5,000 by CySEC over name change to ZoomTrader Global

Cyprus financial regulator CySEC has issued a €5,000 fine to regulated binary options brokerage group Novox Capital Ltd. Novox is a licensed CIF company which operates a number of Binary Options, Forex and CFDs brokerage brands, including OptionBit (at website optionbit.eu), ZoomTrader Global (at zoomtraderglobal.com), RoyalPip (at royalpip.com), and NGN Broker (at ngnbroker.com). The current…

March 07, 2017 BY LeapRate Staff

RushBucks stops all Forex and Binary Options affiliate promotion following Israel crackdown

LeapRate Exclusive... LeapRate has learned that popular Forex and Binary Options affiliate programs operator RushBucks is cutting its ties with the sector. At various times, RushBucks has run affiliate programs for a number of (mainly Binary Options) brokers including TradeRush, Redwood Options, Boss Capital, as well as 10Trade.com, a CySEC licensed Binary Options broker via parent company Holiway Investments…

March 06, 2017 BY LeapRate Staff

Fairtrade binary options P2P platform loses court appeal, website shut down

LeapRate Exclusive... LeapRate has learned that a court ruling made in Israel last week refused an appeal made by Binary Options peer-to-peer platform Fairtrade, in which Fairtrade tried to avoid being shut down by Israeli financial regulator ISA. The ISA has been very vocal about its aiming of shutting down the Binary Options sector in Israel,…

March 02, 2017 BY Valentina Kirilova

Canadian authorities planning crackdown on binary options

Provincial market watchdogs are trying to shut down the mechanisms used to entice investors into binary options trading schemes. Securities regulators have released numerous warnings over the past year saying that no one is registered to offer binary options in Canada. Yet still schemes promoting the get-rich-quick investments continue to proliferate and cause losses for…

February 21, 2017 BY LeapRate Staff

Belize regulator IFSC warns against Binary Options broker TitanTrade

Belize financial regulator IFSC (International Financial Services Commission) has issued a warning regarding binary options brokerage firm TitanTrade, operating from website titantrade.com. As we've reported, TitanTrade has had other warnings issued against it by regulators in Canada and Australia. On its website, TitanTrade shows as its address 35 Barrack Road, Belize City, Belize. According to…

February 14, 2017 BY Valentina Kirilova

Italy regulator CONSOB outlines risks of Binary Options trading

Italy’s financial markets regulator National Commission for Companies and the Stock Exchange (CONSOB) has published a communication for investor protection on the risks associated with new highly-speculative, risky and complex forms of financial investment such as contracts for difference (CFDs), rolling spot forex and binary options which, over the last few years, have spread more…

February 13, 2017 BY Valentina Kirilova

CySEC beefs up Binary Options brokerage rules including 5-minute minimum and lifting restrictions on exiting trades

The Cyprus Securities and Exchange Commission (CySEC) has today published a consultation paper regarding its proposed reforms to the regulatory framework governing the provision of investment services in binary options by firms under its supervision (CIFs). CySEC proposes five fundamental reforms to eliminate deficiencies in the existing regulatory framework for binary options, and establish new,…

Category: Regulation