David R. Chase, P.A.
Call Us Now: 800-760-0912
David R. Chase, P.A.
Call Us Now: 800-760-0912


Notice to Binary Option Investors – CFTC Fraud Advisory

Reports of Binary Options and Forex fraud are reaching all-time highs as regulators and government agencies like the U.S Commodity Futures Trading Commission (“CFTC”) continue to receive hundreds of complaints every month.

With damages from Binary Options fraud totaling in the millions of dollars in the United States alone, Investors should be extra cautious when investing. Recently the CFTC issued a Fraud Advisory concerning Binary Options due to the increased number of victims and damages of these schemes. The CFTC, as part of its efforts to reduce this fraudulent activity, maintains a list of foreign entities that illegally solicit U.S. residents to trade binary options and Forex without being registered with the CFTC as required by securities laws. This allows investors to protect themselves against this type of illegal activity.

While some binary options are listed and traded on legitimate and registered exchanges, much of binary options trade via offshore Internet-based trading platforms that by and large do not comply with U.S. regulatory financial requirements. This means that in addition to the general risks associated with the purchase or sale of binary options, there may be a higher risk of financial and investment fraud based upon the unregulated online trading platforms in use.

Earlier this year, the CFTC amended its “RED” list (Registration Deficient) as part of its ongoing efforts to curb fraud and enhance investor protection.  As part of the addition, 71 deficient and foreign registered entities where added to the RED list. CFTC registration facilitates accountability to the public and allows the CFTC to closely examine the financial records and conduct of registered firms.  It is important to understand, however, that CFTC registration is not a guarantee against fraud, mismanagement or investments losses.

Binary Option websites are usually operated by individuals overseas and outside the CFTC’s jurisdiction thus making fraud potentially more likely.

The Law Firm of David Chase represents nationwide victims of investment fraud, including binary option fraud, and is investigating potential avenues of the recovery of investment losses.

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  


If you have questions about your ability to recover your investment losses, please contact David Chase for a consultation at david@davidchaselaw.com or toll-free at (800) 760-0912.

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