New Zealand’s regulator, the Financial Markets Authority (FMA) has issued a warning against the Cyprus-regulated binary options broker 24Option EU.
The watchdog has put the company on its list of unregistered businesses, following a lead from France’s regulator AMF and the Australian Securities & Investment Commission (ASIC). According to the FMA, 24Option is not registered and licensed to provide financial services in New Zealand.
This binary options broker has been of regular interest to various national regulators. Last summer France’s AMF banned it from operating in the country, because its owner, Rodeler Limited, has failed to comply with certain professional obligations.
24Option has been warned against by FSMA and was denied a Russian license. Earlier this year the broker has closed its Israeli call center and has sought to expand its portfolio by offering an indirect access to the popular MetaTrader 4 (MT4) platform for trading in forex and CFDs.
In addition to the CySEC license, the broker also has a license from Belize’s International Financial Services Commission.