France’s financial markets regulator AMF today issued a warning regarding Preditrend, a software for trading binary options that is distributed across the Internet via several websites, social networks and via an email campaign.
Potential users of the software are promised guaranteed returns, with the percentage of profitable trades said to be “3 out of 4”.
The websites through which the program is marketed (predi-trend.com, preditrend.com and starupf5.com) are associated with Cyprus investment firm WGM Services Ltd, operating as Eztrader. The AMF notes that Cyprus’ securities regulator CySEC recently fined Eztrader.
Due to risky nature of the offer and the type of marketing and communication associated with it, AMF urges the public to be vigilant regarding Preditrend and also regarding all offers of algorithmic trading products.
For the full text of AMF’s warning against Preditrend, click here.