ASIC warns against OptionsXO

The Australian Securities and Investment Commission has warned against the broker OptionsXO.

OptionsXO is a binary options broker run by Omni Captital Ltd. This company is based on Marshall Islands, but apparently has no financial license whatsoever. It is certainly not authorized to provide financial services in Australia nor New Zeland, as both ASIC and FMA published a warning about this broker.

According to our research OptionsXO is not regulated anywhere, so it cannot provide its service also in the EU, USA and other countries with a strong financial regulation.

Links: https://www.moneysmart.gov.au/scams/companies-you-should-not-deal-with/unlicensed-companies-list/o/optionsxo

https://fma.govt.nz/news/warnings-and-alerts/fma-warning-notices-and-alerts/warning-beware-of-optionsxo

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