ASIC warns of binary options brokers 365BinaryOption, CFDStocks, AAoption

ASIC warns of binary options brokers 365BinaryOption, CFDStocks, AAoption

- in All News, Warnings
ASIC

The Australian Securities & Investments Commission (ASIC) has updated its list of unlicensed companies with two binary options brokers: 365BinaryOption and CFDStocks, also known as Pacific Sunrise UK Ltd and Aaoption.

365BinaryOption claims to be based in London and is owned and operated by Oproserv Limited. CFDStocks also claims to be based in London and is owned and operated by the company Pacific Sunrise UK. According to ASIC, the same company also owns Aaoption, of which it has already warned once last July.

In the publications regarding all three binary options brokers, the regulator notes that they are made unsolicited calls or sent emails about investing and offering financial services that they do not hold a license for.

Also, ASIC says, they could be involved in a scam and warns the Australians to avoid doing business with them.

365BinaryOption appears for the first time in a regulator warning list. This is not the case with Aaoption and CFDStocks. – In the past several months several other regulators have put either or both on alert lists: Quebec’s AMF, Spain’s CNMV and Belgium’s FSMA.

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