The US CFTC has added 71 names to its Registration Deficient (RED) List, which contains the names of unregistered foreign entities that the CFTC has reason to believe are soliciting and accepting funds from US residents at a retail level for trading in binary options or foreign currency.
These 71 new additions bring the total number of foreign entities on the RED List to over 110.
Registration is no guarantee against fraud or mismanagement by an otherwise unscrupulous firm; however, registration does bring a higher level of security and accountability to the public.
For example, registration enables the CFTC to examine whether firms meet minimum financial standards as well as disclosure, reporting, and record-keeping requirements under the Commodity Exchange Act.
The RED List works in conjunction with the CFTC’s SmartCheck campaign to help investors identify and protect themselves against illegal conduct. The RED List also complements registration information available to the public on the National Futures Association website.
The CFTC publicises the existence of the RED List to other government regulators, the media, consumer groups, industry participants, self-regulatory organisations, exchanges, and industry associations.
The 71 foreign entities added to the RED List are:
10Markets
Eagle Gate
Omega Options
1Billion Forex
eXbino
Option Giants
33Option
Finpari
Option King
AAFX Trading
FinPro Trading
Options24hours
Advanced Options
Forex Ltd.
Oracle Stone
Allgo Trading
Forex Ukraine
Planet Option
Anthony, John
FX Moneyworld
Price Markets Brokerage
AOS Holding
FXGM
Profitable Forex Advisors
ASK Options
FXT Swiss
Rbinary
AXI Trader
FXUmarkets
Safe Options
Azbinary
GFM Trader
Starling Capital
Barkley Capital
Glenridge Capital GMR
Stichting WST Capital
Bartle Investment Group
Forex Goptions.com
Tall Options
BinaryRoom365
Iforex
Trades Capital
Binex Markets
Inside Option
TradeThunder
BitVC
Instant Options
TradeWiseFX
BoursoPro
Int’l Brokers Assn Mkts
uTrader
BoursoTrade
GT Options
Vision Binary
Byrix Financial Investments
Janus Options
Weathika
Capital Bank Markets
London Binary Option
WinOptions
Capital Trade House
Market Options
Wynn Finance
Cherry Trade
MarketsWorld
Copyprofitshare.com
MercerFX
CT Option
MFX Brokers
Empire Options
Morton Finance