Quebec AMF warns about 35 unlicensed trading sites

[NikSam]

On Aug 12, AMF of Quebec, Canada declared 35 forex and binary option websites illegally soliciting investors without being licensed:

5markets.com
gtoptions.com
247binary.com
icmtrading.com
777binary.com
iforex.com
aaafx.com
leaderoption.com
accentforex.com
liteforex.org
anyoption.com
lite-forex.com
askobid.com
markets.com
avafx.com
netotrade.com
AvaOption.com
plus500.com
bancdebinary.com
PrestigeBanq.com
bforex.com
stockpair.com
finexo.com
traderush.com
fioptions.com
triumphoption.com
forextrada.com
ufxmarkets.com
fxlite.com
xm.com
gdbrokers.com
youtradefx.com
gfcmarkets.com
ytfxaffiliates.com
goforex.com


URL: Plateformes de ngociation en ligne: prudence! (http://www.lautorite.qc.ca/fr/communiques-2014-conso.html_2014_meg-plateformes-negociation.html)

[drhum]

Is there an updated list for this for month of September? https://imagicon.info/cat/3-5/smile2.png

[NikSam]

No, and I do not think they have the plans to post such lists periodically.

But if you looking for QC specific alerts, can see them here: Alerts | AMF (http://www.lautorite.qc.ca/en/alerts.html)

Or within all Canadian fin. alerts here: CSA | Enforcement | Investor Alerts (http://www.securities-administrators.ca/InvestorAlerts.aspx)

[NikSam]

The update as of Nov 13th added one more - amberoptions.com :

5markets.com
247binary.com
777binary.com
aaafx.com
accentforex.com
amberoptions.com
anyoption.com
askobid.com
avafx.com
AvaOption.com
bancdebinary.com
bforex.com
finexo.com
fioptions.com
forextrada.com
fxlite.com
gdbrokers.com
gfcmarkets.com
goforex.com
gtoptions.com
icmtrading.com
iforex.com
leaderoption.com
liteforex.org
lite-forex.com
markets.com
netotrade.com
plus500.com
PrestigeBanq.com
stockpair.com
traderush.com
triumphoption.com
ufxmarkets.com
xm.com
youtradefx.com
ytfxaffiliates.com


URL: On-line trading platforms – Updated list of unauthorized sites (http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_updated-list-unauthorized-sites_tradingplatforms.html)

[NikSam]

The Update as of DEC 18th added 5 more sites (in bold) making total of 41:

5markets.com
247binary.com
777binary.com
aaafx.com
accentforex.com
amberoptions.com
anyoption.com
askobid.com
avafx.com
AvaOption.com
avatrade.ca
avatrade.com
bancdebinary.com
bforex.com
finexo.com
fioptions.com
forextrada.com
fxlite.com
gdbrokers.com
gfcmarkets.com
goforex.com
gtoptions.com
icmtrading.com
iforex.com
ilq.com.vn
leaderoption.com
liteforex.org
lite-forex.com
markets.com
netotrade.com
plus500.com
PrestigeBanq.com
stockpair.com
sycamoreoptions.com
traderush.com
triumphoption.com
ufxmarkets.com
vaultoptions.com
xm.com
youtradefx.com
ytfxaffiliates.com

URL: On-line trading platforms - Updated list of unauthorized sites (http://www.lautorite.qc.ca/en/press-releases-2014-corpo.html_2014_online-tradind-platforms-update.html)

[Realname]

On Aug 12, AMF of Quebec, Canada declared 35 forex and binary option websites illegally soliciting investors without being licensed:



LOL Quebec is small place with small number of potencial traders so that's irelevant for most of us. That announce its just like an ad to incentive companies to buy their licenses....

[NikSam]

LOL Quebec is small place with small number of potencial traders so that's irelevant for most of us. That announce its just like an ad to incentive companies to buy their licenses....

Ahmm, you are wrong. QC does not license crap. That announcement means - stay away - "you will loose your money, we cannot prosecute them because they are hell knows where or it is too expensive to prosecute cross border, if you still play in those no gov compensation or protection will be provided to you, they illegally target QC residents"

Unlike you , they perfectly know what is a forex kitchen and what is a binop kitchen.

BTW, QC population is almost the same of Portugal

[littleroundman]

LOL Quebec is small place with small number of potencial traders so that's irelevant for most of us. That announce its just like an ad to incentive companies to buy their licenses....

Most of us WHO ???

Kids who play forex like it's some sort of game and think they're experts - is that the US you're talking about ??

[Realname]

Ahmm, you are wrong. QC does not license crap. That announcement means - stay away - "you will loose your money, we cannot prosecute them because they are hell knows where or it is too expensive to prosecute cross border, if you still play in those no gov compensation or protection will be provided to you, they illegally target QC residents"

Unlike you , they perfectly know what is a forex kitchen and what is a binop kitchen.

BTW, QC population is almost the same of Portugal

Of course they don't license it. They only license such banks and financial institutions who charge a lot of fees from their customers. Even Cysec and Mifid gives you better insurances comparing to QC.


Most of us WHO ???

Kids who play forex like it's some sort of game and think they're experts - is that the US you're talking about ??

The "US" I refer is the group of traders I introduced to brokers who make me earn nice comissions from their trades. :RpS_smile:

[ribshaw]

The "US" I refer is the group of traders I introduced to brokers who make me earn nice comissions from their trades. :RpS_smile:


We should give you your own thread on pimping Forex 2 Suckers, it could go sumpthin like dis:

http://www.realscam.com/f8/http-secureinvestment-com-managed-forex-account-3036/

Then all the people on the interwebs who plan on making 1.2% per day trading with a broker in Cyprus can viz-a-lize what a great opportunity they have in FX or Binaries to feed the broker, his family, and his pimps.

[NikSam]

...
The "US" I refer is the group of traders I introduced to brokers who make me earn nice comissions from their trades. :RpS_smile:

Why do not you give me a list of such great brokers, maybe I can help you to put them on the black list in Portugal.
You see, MIFID is MIFID but every country reserves the right to ban any crap licensed by the other member of EU.
And France and Belgium, for example, does just that.

[Realname]

Why do not you give me a list of such great brokers, maybe I can help you to put them on the black list in Portugal.
You see, MIFID is MIFID but every country reserves the right to ban any crap licensed by the other member of EU.
And France and Belgium, for example, does just that.

So Admiral, Ironfx, Gobulling shoud be blacklisted??? I never had any problems with such brokers and I beleive their licenses are ok and good to suit the needs of most EU online traders.

[NikSam]

Thats up to any country regulator to decide, if they care about their residents and want to protect them or not.
So how many residents of Portugal you solicited to each those ?

Do you have a website or blog where you promote them ?

I can get you one of these:
CMVM - Information Disclosure System - Information on Financial Intermediaries (http://www.cmvm.pt/EN/SDI/Informacao%20Sobre%20Intermediarios%20Financeiros/Pages/20141029r.aspx)

CMVM - Investor Assistance / Conflict Mediation - Warning Notices (http://www.cmvm.pt/en/apoio%20ao%20investidor/warning%20notices/pages/20130422a.aspx)

You do have a Financial Advisor license, don't you ? ;)
And you did disclose all the required information on risks in not monitored Forex "market" in each solicitation, right ?
You did disclose that you are getting a commission and it's size to persons you attracting ?

[Realname]

Thats up to any country regulator to decide, if they care about their residents and want to protect them or not.
So how many residents of Portugal you solicited to each those ?

Do you have a website or blog where you promote them ?

I can get you one of these:
CMVM - Information Disclosure System - Information on Financial Intermediaries (http://www.cmvm.pt/EN/SDI/Informacao%20Sobre%20Intermediarios%20Financeiros/Pages/20141029r.aspx)

CMVM - Investor Assistance / Conflict Mediation - Warning Notices (http://www.cmvm.pt/en/apoio%20ao%20investidor/warning%20notices/pages/20130422a.aspx)

You do have a Financial Advisor license, don't you ? ;)
And you did disclose all the required information on risks in not monitored Forex "market" in each solicitation, right ?
You did disclose that you are getting a commission and it's size to persons you attracting ?

As I know the law here does not require financial advisor's license for such purpose. Actually I don't have any active blog to share my trading stuff and my affiliates are my friends I've met from a forex forum. 3 of 5 still active in trading and that's from where my nice comissions comes from ;)

[NikSam]

As I know the law here does not require financial advisor's license for such purpose....

Thats what "Finance FX Lounge" blog and "Forex-Portugal" site thought.

[NikSam]

The Update of FEB 13th added 2 more sites (in bold), making a total of 43:

5markets.com
247binary.com
777binary.com
aaafx.com
accentforex.com
amberoptions.com
anyoption.com
askobid.com
avafx.com
AvaOption.com
avatrade.ca
avatrade.com
bancdebinary.com
bforex.com
binareo.com
finexo.com
fioptions.com
forextrada.com
fxlite.com
gdbrokers.com
gfcmarkets.com
goforex.com
gtoptions.com
icmtrading.com
iforex.com
ilq.com.vn
leaderoption.com
liteforex.org
lite-forex.com
markets.com
netotrade.com
plus500.com
PrestigeBanq.com
stockpair.com
sycamoreoptions.com
tradersking.com
traderush.com
triumphoption.com
ufxmarkets.com
vaultoptions.com
xm.com
youtradefx.com
ytfxaffiliates.com

URL: http://www.lautorite.qc.ca/fr/communiques-2015-conso.html_2015_plateforme-de-negociation-en-ligne-mise-a-jour-de-la-liste-des-sites-non-autorises13-02-2015-00-0.html