UB4Trade is not paying, warns the FMA

The New Zealand Financial Market Authority (FMA) has warned against the binary options broker UB4Trade.

Not only UB4Trade is not regulated in any country, the FMA also received several complaints from people who lost their money with this broker.

They said that the broker executed trades on their accounts without their agreement and that he also refused their withdrawal requests.

According to Finance Magnates the broker did not provide a satisfactory response to these allegations.