The Sofia Regional Court blocked the access to 40 websites, offering forex, CFD and binary options trade form Bulgaria, without proper authorization by the local Financial Service Commission or any other official regulatory body in EU.
The ruling follows a legal action initiated by the FSC in late October and was published on Friday. The website providers had 24 hours to shut the access to the pages, but our research shows that most are still accessible.
According FSC most websites are owned and operated by foreign companies, registered in offshore zones such as the Marsha Islands. On top of that some of the pages use details of legit businesses in an apparent attempt to defraud users that they are part of renowned financial institutions such as the Belgium KBC Group or HSBS. In the retail forex industry such scam pages are known as “clone websites”.
Here is a full list of the websites against which FSC and the Bulgarian court have taken action:
ivoryoption.com, prestige.fm, midasglobe.com, richmondfg.com, binarybook.com, option500.com, trade-24.com, fxglory.com, optionstarsglobal.com, esplanade-ms.com, trade12.com, traderxp.weebly.com, brokerzunion.com, plusoption.com, affiliates.imperialoptions.com, tiger-am.com, ibrokers.trade, ecoesfinance.com, hbcbrocker.com, wisebanc.com, pwrtrade.co, binaryonline.com, 72option.com, superbinary.com, roiteks.com, simplefx.com, my.capitalmarketbanc.com, kbcapitals.com, financikatrade.com, markets.online, jafx.com, btchomemining.com, marketsdl.com, dinerolibre.com, investingpro.com, littinvest.com, chronofm.com, binatex.com, bealgo.com, fxleader.com, ashfordinvestments.com, easytrade.biz, forexgrand.com, factory-ad.com, binaryuno.com.