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The Danish regulator FSA has warned that The Danish Method (Den Danske Metode) binary options trading signals service is not licensed to operate in the country.
According to the FSA, the company is not authorized to offer services covered by the Danish Financial Business Act and is not supervised by the regulator. For that matter, the FSA has not been notified of the firm being authorized in other countries either.
According to its website, which is only in Danish and is obviously targeting Danes, The Danish Method is a “100% free software that will act in the markets for binary options with just one click! It is completely automatic and create winning trades for you!” It promises spectacular profits of 8000 – 10 000 DKK per day with an investment of DKK 3000. Those who invest 10 000 DKK, could earn up to 25 000 DKK per day. In comparison, the average salary in Denmark is around 35 000 DKK (USD 5200).
Judging by a display on the site, The Danish Method is not used only by Danes, but has quite the international following with people earning all the time from trading on currency pairs. There is also a display of obviously fake user comments on Facebook and Twitter.
Interestingly, in the “Government Disclaimer” section of the site, is listed something called “US Government Required Disclaimer”, quoting CFTC rules.