Do not invest more money than you can afford to lose.
UK’s regulator, the Financial Conduct Authority (FCA) has issued a warning against the RBS Bourse binary options broker. According to the watchdog, the company is not licensed to provide financial services and advice in the UK, but has been targeting people in the UK residents. The FCA also notes that RBS Bourse does not have an affiliation with RBS Asset Management, a subsidiary of the Royal Bank of Scotland.
The binary options broker RBS Bourse operates the website www.rbsbourse.com, which is in French. It has been put on a warning list by France’s financial watchdog AMF, along with 20 other unauthorized binary options brokers.
Apparently RBS Bourse’s website is identical to the sites of several other unlicensed binary options brokers on the French list and is using the same layout, fonts and stock images.
FCA’s warning is one of many issued by various financial regulators against dodgy binary options brokers. Most of the regulators, however, are limiting their activities to just that. Exceptions are the US Commodity Futures Trading Commission (CFTC) who is actively going after unregulated binary options brokers operating in the US and the Cyprus Securities and Exchange Commission (CySEC) which has recently introduced some new rules for the binary options brokers regulated by it.