Spain’s CNMV warns against binary options broker AAOption, forex adviser IB Inversiones

Spain’s CNMV warns against binary options broker AAOption, forex adviser IB Inversiones

CNMV BIGGER

Comision Nacional del Mercado de Valores (CNMV),  Spain’s financial regulatory body, issued on Monday separate notices in which it warned the public against non-regulated binary options broker AAOption and investment and trading company IB Inversiones, aka IB Inversion Bursatil.

The two entities are not authorized to provide in the country investment services, including auxiliary services,  transactions on foreign currency, and investment advice.

AAOption operates via the website www.aaoption.com/es. The site is currently not fully operational and no information about the broker was instantly available. As we have previously informed you, the broker has been included in the warning lists of several other regulatory bodies – those of Australia, Cyprus, and Canada’s Quebec province.

IB Inversiones on the other hand uses the website www.ibinversiones.com. The company offers various investment services, including advice and trading in currencies.

In order to operate in Spain, companies need to obtain a license by the local relevant authorities or the authorities of any other EU member state. The CNMV maintains a register with investment companies that are authorized to provide financial services in the country.

When engaging with unauthorized and non-regulated brokers, traders are putting their investments at higher risk. We strongly advise you to only deal with regulated forex brokers, authorized by reputable regulatory bodies like CySec, FCA, and CFTC/NFA, among others.

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