Binary Options News from the Industry

The Biggest Binary Scam is Under Trial

Lee Elbaz, former binary options executive who repeatedly lied to investors and implemented many unethical practices during her time as Yukom CEO, is under trial in the United States of America. However, her attorney stated in court how Elbaz should not face the consequences for the behavior of her former employees. The prosecution believes how… Read more

Germany and Austria Fight Binary Options Scams

German media published news on a raid executed by an international team of German and Austrian officers. They raided 35 locations in five in order to find more evidence and arrest suspects regarding an online trading scam involving Israel-based binary trading company. Raids took place in call centers and apartments in the Czech Republic, Kosovo,… Read more

Forex Broker Scammed Traders for $32 million

Thailand’s Department of Special Investigation (DSI) received a complaint by 2400 citizens who lost more than $32 million dollars (or 1 billion baht) due to trading with a scam forex broker under name ShareForex. According to victims, the broker promised great payouts and high returns simply by trading the foreign exchange. By downplaying the risk… Read more

Will Financial Conduct Authority Ban Crypto-Derivatives?

Financial regulatory body from the United Kingdom, Financial Conduct Authority (FCA), raised concern regarding crypto-derivatives that are becoming increasingly popular among traders. They believe how derivatives and ETNs are carrying a high risk, as consumers fail to asses all risks related to this type of trading. According to the FCA, traders fail to do so… Read more

IQ Option Binary Options Tournament with $25,000 Prize is LIVE: Copa IQ Option 2019

Fasten your seatbelts folks. IQ Option welcomes the summer season by announcing three binary options trading tournaments that are taking place RIGHT NOW on the IQ Option platform where a number of lucky participants will get the chance to win from the major $25,000 prize. In celebration of Copa America, the world’s oldest football competition… Read more

CySEC and FCA Flag Multiple Online Trading Websites as Scams

The Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) have flagged multiple websites as suspicious, warning investors to stay away from them as they are all likely to be trading scams. If you have been scammed by a binary options, forex or crypto broker read our broker complaints section for a… Read more

FSCA Warns Investors of 2 Social Media Trading Scams

The Financial Sector Conduct Authority (FSCA), South Africa’s financial regulator, has issued a public warning against Monet Moves Forex Trading and Prophet Moral Monareng, in which it exposes both supposed online brokers as scams. If you have already invested money in a scam broker or have complaints against a broker which you suspect to be… Read more

FSMA Exposes 7 Crypto Scams and Warns Traders to Stay Away

The Financial Services and Markets Authority (FSMA) of Belgium has issued an official statement that warns traders to stay away from 7 new cryptocurrency trading platforms, which it deems to be “suspicious” and most likely all scams. This warning is based on the wide range of new complaints the financial watchdog has been gathering from… Read more

IQ Option Introduces Price Alerts, New Cannabis Assets and Lyft Stock

IQ Option has officially introduced price alerts, 7 new cannabis assets and the highly-anticipated Lyft stock to their trading platform. Whether you’re looking to always be on top of any price movements in the market, or you have your eye on those increasingly popular cannabis stocks, the IQ Option trading platform has all you will… Read more

Trading 212 Introduces Free Stock Trading to the UK and Germany

Trading 212, a London-based brokerage firm, has made headlines as being the first forex and CFD broker to bring no-commission trading to its clients in the United Kingdom and Germany. New to Trading 212? Read our full Trading 212 review. The broker’s new commission-free trading includes shares, cryptocurrencies, CFDs and ETFs, which opens the doors… Read more

eToro Introduces Crypto Trading in 33 US States

eToro has officially announced the long-awaited launch of crypto trading in 33 US states, greatly expanding their global offerings and further positioning them as a true leader in the trading industry. US traders will now be able to trade world-famous cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar and have personal access to… Read more

FCA Warns UK Traders of Scam Crypto Broker

The Financial Conduct Authority (FCA) has issued an official warning against an unlicensed cryptocurrency broker by the name of Next Coin Market. The UK’s financial watchdog claims that Next Coin Market is an illegal organization that is falsely claiming to be authorized by the FCA and warns UK investors to stay away from this crypto… Read more

Nadex Warns Against Scam Targeting Its Customers

Nadex has released a statement claiming that a scam “account management” service by the name of Peak Nadex Trader is targeting its clients. Despite the name similarity, Nadex states that they have no connection to this company and that it is a scam that traders should stay away from. If you have been scammed by… Read more

FMA Warns Against CryptoTrader Scam

The Austrian Financial Market Authority (FMA) has issued a warning against CryptoTrader claiming the crypto trading software is a scam that investors should stay away from. Fair Forex Brokers had already suspected CryptoTrader of being a scam, but an official warning set out by the FMA only makes our suspicions stronger and justifies our personal… Read more

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