ASIC is warning the public not to use the Top Ten Binary Brokers website to sign up for any of the binary option services advertised.
ASIC is concerned that Top Ten Binary Brokers is offering unlicensed financial services in Australia
- through various web advertising that is directed at Australians; and
- via websites such as http://www.toptenbinarybrokers.com/au and http://www.toptenbinarybrokers.com/au2 (Top Ten Binary Brokers Websites).
In addition, ASIC is concerned that the entities listed on the Top Ten Binary Brokers review website are, for the most part, also not licensed to provide financial services in Australia. ASIC notes that the Top Ten Binary Brokers Websites purport to be a reputable review of the top binary option brokers that offer financial services to Australians.
More information on the alert can be found here.