ASIC crackdown on 40 binary options brokers includes 24Option, Banc de Binary

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about time

ASIC crackdown on 40 binary options brokers includes 24Option, Banc de Binary, OptionRally
By: Valentina KirilovaJuly 06, 20160
ASIC crackdown on 40 binary options brokers includes 24Option, Banc de Binary, OptionRally
ASIC has warned of a dramatic increase in the extent of unlicensed conduct by retail OTC derivative providers seeking to expand their market with new customers for their complex and risky products such as binary options.

ASIC has raised its concerns with more than 40 unlicensed providers. The majority are binary option issuers but also contacted were some binary option review websites, binary option trading signal providers, binary option broker affiliate websites, margin FX providers and managed FX service providers.

Of those providers contacted, 21 have agreed to co-operate with ASIC and take remedial steps to ensure they are no longer providing financial services in Australia until they are appropriately licensed or authorised:

• IQ Option Limited and IQ Option Europe Limited trading as IQ Option
• Rodeler Limited trading as 24Option, Quick Option, 24FX and Grand Option
• BDB Services (Belize) Ltd trading as Banc de Binary
• Ouroboros Derivatives Trading Ltd trading as AnyOption
• NXB Financial Services Ltd trading as
• Up & Down Marketing Limited trading as OneTwoTrade
• AM Capital Ltd trading as Tradorax
• Centralspot Trading (Cyprus) Ltd and CST Financial Services Ltd trading as Opteck
• Nuntius Brokerage & Investment Services S.A. trading as
• OptionRally Limited trading as OptionRally
• Market Punter Limited trading as Market Punter
• Terapad services LTD trading as FMTrader
• Growell Capital Ltd trading as GrowBinary
• CherryTrade at
• Binary Options Pty Ltd
• Best10binarybrokers
• 10bestbinarybrokers
• Binaryoptionrobot
• Diamond Managed FX
• Blackwell Global Investments (Cyprus) Limited trading as Blackwell Trader

A further 9 entities have not directly responded to ASIC, but have made some rectification actions:

• OTP Solutions LTD operating as No1Options
• Brevspandnz Limited trading as
• Pacificsunrise UK Ltd trading as
• TTN Marketing LTD trading as Trades Capital
• Lerona Impex SA and Norske Inter LP trading as Finpari
• Chemmi Holdings Limited trading as Binary Tilt
• Peter Knight Advisors
• Banc de Options
• Advanced Binary Technologies Ltd trading as Ayrex
BO's are bad m'key.

Seriously, the world needs to classify them as gambling products and disassociate them with trading.
Also.. totally removed all the links to BO brokers in your post. I sure as shit don't want to direct traffic their way.
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