FCA warns Janus Options binary options broker is a clone

FCA warns Janus Options binary options broker is a clone

Do not invest more money than you can afford to lose.

 

UK’s financial services regulator, the FCA, has published a warning that Janus Options / Kinetex Limited, with an address in London, is a clone of Janus International – a legitimate and FCA-regulated financial investment company.

An SMN check in UK’s Companies’ House registry, Kinetex Ltd. was incorporated in May 20, 2015, but was rather short lived and was dissolved on November 8, 2016.

At the same time Janus Options is a binary options broker claiming to have an address in Lichtenstein. It offers trading in binary options on forex and other financial instruments, but does not provide any regulatory information. Coincidentally, or maybe not, just minutes after the FCA published its warning and shortly after members of the SMN staff had a look at the broker’s site, it was taken down for maintenance.

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According to some binary options brokers review sites, Janus Options is a new broker, owned by Kinetex Ltd., which in turn is owned by Motion Capital Ltd, with an address in Dominica. According to other review sites, Janus Options is fraudulent and does not let people withdraw their funds and scams them by using odd expiry times and turning on automated trading thus squandering people’s money.


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