The Swiss financial regulator FINMA has added the binary options broker CentralOption to its list of entities who are not present in the country’s commercial registry.
The regulator does not provide any further details, but CentralOption is one of the “pets” of the national and provincial financial regulators across the world.
Since the beginning of this year, FINMA is the fifth watchdog to warn against CentralOption. In the summer it appeared on the warning list of Belgium’s FSMA, along with several other binary options brokers. Hong Kong’s SFC also said it is unlicensed and is providing incomplete and confusing information. British Columbia’s provincial regulator – the BCSC warned CentralOption is not authorized to solicit residents of the Canadian province, while the Manitoba Securities Commission reported the broker was cheeky enough to solicit one of its employees.
CentralOption is owned by Central Provider, claiming to have offices in London and Hong Kong. On its website the broker CentralOption provides the same London address and an address on the Marshall Islands – an archipelago of coral atolls in the Pacific Ocean, but no regulatory information whatsoever.
The broker offers trading in binary options, one touch options, 60 seconds options and long term options on currencies, commodities, indices and stocks.