Hong Kong’s SFC warns of CentralOption

Hong Kong’s SFC warns of CentralOption

- in All News, Warnings
SFC Hong Kong

Hong Kong’s Securities and Futures Commission (SFC) has added to its warning list the CentralOption binary options broker and its parent company Central Provider Ltd.

According to the publication on the regulator’s website, the broker, which operates from the website www.centraloption.com, has provided an incomplete Hong Kong address and could be misleading. Furthermore, the SFC notes that unlicensed entities often used names similar to legitimate companies to confuse investors.

Besides the incomplete address in Hong Kong, on its website the broker gives a site in London, but does not provide any regulatory information. It offers trading in binary options, one touch options, 60 seconds options and long term options on currencies, commodities, indices and stocks.

This is not the first time CentralOptions pops up on the regulators’ radar. This spring Canada’s British Columbia Securities Commission (BCSC) warned the residents of the province that the broker is not authorized to provide services. BCSC’s announcement was followed shortly another provincial regulator in Canada – the Manitoba Securities Commission. It said that representatives of the broker cold called randomly one of the regulator’s employees in charge of investment fraud.

Earlier this week Hong Kong’s SFC warned of a somewhat mysterious forex broker MomentumFX.

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