The Australian Securities and Investments Commission (ASIC) has joined the war on binary options, and it does not seem to be slowing down. Just today ASIC added five more brokers to its national blacklist. The companies are: A.I.M Corporation Limited, Oproserv Limited (also known as 365BinaryOption), Pearson Investments, CFD Stocks, and Libor Capital.
The one size fits all reasoning that the Australian regulator gives on its website is that these companies might be running scam operations, and so they have not received licenses to trade with Australian clients. These brokers have also been found guilty of making unsolicited calls and sending out similar emails to locals regarding online trading, financial consultation, loans, and credit without gaining the proper Australian Financial Services (AFS) license from ASIC.