Like every quarter, the French regulator AMF (Autorité des Marchés Financiers) updated its binary options broker blacklist. The new edition of the AMF binary option broker blacklist from March 2016 counts 21 new fraudulent brokers when compared with the last edition from November 2015. These new members of the AMF binary option broker blacklist are non-authorized brokers that have been identified by the AMF over the last three months. As you may know, in order to propose binary option trading services, any broker needs to be regulated by a European Fianncial regulator. Most binary option brokers are regulated in Cyprus by the CySEC.
Avoid brokers from the AMF Binary Option Broker Blacklist
Even when a broker has obtained a CIF (Cyprus Investment Firm) licence, it needs to obtain the authorizations from the other European regulators of the countries it wish to operate in. The new members of the March 2016 AMF binary option broker blacklist are thus brokers that did not receive any authorization from the French regulator. It does not mean that they are necessarily not regulated or binary option scams. Nevertheless, we highly recommend you to avoid these brokers and focus on the reliable binary option brokers we recommend on this website.
AMF Binary Option Broker Blacklist – March 2016 Additions
The March 2016 edition of the AMF Binary Option Broker Blacklist includes 21 new brokers. Please find below the list of all the new brokers in the AMF Binary Option Broker Blacklist:
Beware of Binary Option Scams
One again, we strongly recommend you to avoid the above-mentioned brokers and any broker that has already been mentioned in any blacklist from any European financial regulator. You definitely need to make sure that your binary option broker is regulated and reliable. To avoid any problem, stick to our list of recommended brokers. They are all regulated binary option brokers (CySEC – FCA) and are the leaders of the industry. Don’t hesitate to have a look at our detailed review of OptionRally and our review of Banc De Binary, the two new members of our ranking.
Please find the official AMF release here.