Last month the French financial markets watchdog, the AMF, had added binary options broker RBS Bourse to its “Black List” of unauthorized binary options firms. At look at this entity’s website reveals that although it claims to be based in London its main working language is French and it appears to be focusing on targeting French speaking clients.
However, the UK’s Financial Conduct Authority (FCA) has also issued a public warning regarding this firm, due to the fact that RBS Bourse falsely claims to be a name of FCA-regulated RBS Asset Management (ACD) Ltd (FRN 437090), and thus to be regulated in the UK. The FCA, however, stresses in its public warning that RBS Bourse has no affiliation or connection to RBS Asset Management (ACD) Ltd.
The FCA avails itself of the opportunity to once more urge the investing public to only deal with financial firms that are properly authorised by the Authority and prompts them to always check the Financial Services Register to ensure that they are.
Finally it asks the public to report unauthorized firms and inform the FCA accordingly if they think that they have been approached by an unauthorised firm or contacted about a scam.
George Milios is the founder of onlineforextrading.net, the binary options and forex news portal which is dedicated to providing you with all the information you need to successfully trade.