FMA warns about 24option

The New Zealand Financial Markets Authority has put the binary options broker 24option on its black list.

24option is a broker that is regulated in the European Union by the CySEC of Cyprus. However, it obviously is not doing everything all right, as last year the French regulator AMF banned 24option in France.

This time 24option has made it to the FMA black list. The New Zealand regulator told people to exercise caution. The obvious reason for the broker to be on the black list is that it solicited New Zealand residents without authorization.