Do not invest more money than you can afford to lose.
France’s Autorité des Marchés Financiers (AMF) published an advisory notice telling the clients of Pegase Capital and its forex and binaries trading websites www.interactiveoption.com, www.interactive-option.com, www.hellobrokers.com, www.mtxplus.com and www.pegasecapital.com to contact the owner as soon as possible and demand their money back.
The reason is the fact that in May Pegase Capital renounced its Cyprus license, after the local regulator, the Cypress Securities and Exchange Commission (CySEC), initially suspended it in the end of February.
Even though the license has lapsed, AMF notes, Pegase Capital is nevertheless required to honor its obligations. It must close all clients’ open trading positions, return to all of its clients any money owed (account balances) including any profits they made and are due for payment and examine and solve all customer complaints. While the procedures last, Pegase Capital remains under CySEC supervision.
“Under these circumstances, the AMF recommends that investors who have opened an account on one or more of these websites immediately send a registered letter to Pegase Capital Ltd and a copy of this letter to the CySEC asking that their account(s) be closed, that they be reimbursed any balances, and, depending on the situation, putting forward a complaint,” the AMF said.
We remind you that CySEC initially suspended Pegase’s license in the end of February for non-compliance with authorization regulation and putting its operations and its clients’ interests at risk. The company had one month to take measures to remedy the situation and meanwhile was not allowed to perform any investment activities. It also had to allow its clients to close all open position and receive their funds and profits back.
Pegase Capital has a history of strife with various regulators. In the autumn of 2015 CySEC fined it €300 000, consisting of about a dozen small fines, for not complying with the laws related to the licensing and operation of investment companies and the regulations for prevention of money laundering.
This April Canada’s regional regulator, the British Columbia Securities Commission (BCSC) warned that Pegase Capital Limited, operating as the binary options broker Interactive Option, is not registered to trade in or advise on securities or exchange contracts in the province. Also in April, Russia’s commission for the regulation of relations on financial markets KROUFR blacklisted it for not treating its customers fairly.
Pegase Capital, set up in 2013, was licensed only by the CySEC. It provided investment services, focusing on online trading in forex and binary options, as well as contracts for difference (CFDs) on forex and binary options. It operated under the brands Interactive Option and HelloBrokers for binary options activities and MTXPlus for its forex business.