FMA joins in on the ASIC warning against unauthorized binary options broker Banc de Binary

FMA joins in on the ASIC warning against unauthorized binary options broker Banc de Binary

The Financial Markets Authority (FMA), New Zealand financial regulatory body, issued on Wednesday a notice, in which it affirms the Australian Securities and Investment Commission’s (ASIC) warnings against unauthorized binary options trading service provider Banc de Binary.

The ASIC issued a warning notice against the broker late 2015.

The FMA asks investors to inform it if they have been in contact with the unauthorized broker.

Both the FMA and the ASIC both keep lists of licensed and unauthorized brokers that operate in New Zealand and Australia, respectively. In both countries, investment service providers are not allowed to operate without being authorized by the relevant regulatory bodies.

Binary options broker Banc De Binary operates via the website www.bancdebinary.com. It offers binary option trading services of more than offer 200 tradable assets, such as forex, stocks, commodities, and indices to retail and institutional customers.

It is registered with and regulated by the Cyprus Securities and Exchange Commission (CySEC) and is authorized to provide its services to and target EU citizens.

Banc De Binary is the operational name of Belize-registered BDB Services.

We strongly advise you to only deal with regulated forex brokers, authorized by reputable regulatory bodies like CySec, FCA, and CFTC/NFA, among others.

Source: FMA

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