OptionRally has lost its Belize licence

The International Financial Services Commission from Belize announced that OptionRally is no longer regulated in the country.

OptionRally serves the European Union customers via its European branch that is based in Cyprus and regulated by the CySEC. The other branch for the rest of the world had been regulated in Belize, but as the IFSC announced, it no longer is.

The IFSC did not mention specific reasons for the licence to be revoked, it just said it was due to “non-compliance to some conditions of the annex attached to the licence granted for trading in securities.”

Link: http://www.ifsc.gov.bz/tcm-investments-ltd/

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