The Spanish financial regulator CNMV (Comision Nacional de Mercado de Valores) just issued a warning against binary options broker Empireoption that operates under the url empireoption.com. Only several weeks after the regulator warned Spanish investors against two other binary option brokers (Safeklik and BK Trading), it just added empireoption to its list of unauthorised online brokers.
Empireoption is not regulated
In order to provide any kinds of financial services (forex, CFD, binary options) to Spanish investors, any broker must be regulated by a European financial regulator and authorised by the domestic regulator of the countries it wants to operate in. After being noticed that Empireoption was actively targeting new clients in Spain, the financial regulator opened an investigation on the broker. The CNMV discovered that the broker did not offer any details about any trading licenses or even physical address(es). As such, the CNMV warned Spanish investors that it had no relationship with this entity and that the broker was not authorised to provide online binary options trading services in Spain.
Empireoption was already on the AMF binary blacklist
The strangest thing is that Empireoption was already included in the famous AMF binary options broker blacklist back in 2014. From this, we can only guess that the broker is registered in a tax haven where European regulators have almost no authority. Being included in two different European regulator blacklists, we highly recommend you to avoid Empireoption. Chances are that this broker is a pure binary option scam.
Our recommended brokers are reliable
If you wan to buy binary options in full security, we highly recommend you to stick to our list of recommended brokers. They are all fully regulated and reliable. Some brokers of our ranking like 24option or AnyOption have been the leaders of the industry in Europe for several years. They will provide you with the highest standards of security and efficiency. Don’t hesitate to have a look at our detailed review of 24option and our detailed review of AnyOption for further information about their offers.
You can check see official CNMV warning against Empireoption here.