The Financial Conduct Authority (FCA) has brought to light the latest scam facing market participants, this time warning about a company going by the name ‘CWA Options’ for providing financial products to UK residents without the required authorisation. The FCA warned investors not to deal with unauthorised firms, and that investors should always check the financial services register to confirm a company’s authorization or lack thereof. It published the following details: 122 Leadenhall Street, London EC3V 4AB, with phone numbers 020 7060 6358 and 020 3733 1271. There is also a long list of email addresses associated with both of its website domains, https://cwa-options.com and www.cwaoptions.com
IMPORTANT UPDATE AND WARNING:We have recently received complaints and read many negative reviews on the internet about regulated binary options brokers using indecent practice towards traders. Although some binary brokers may be regulated, we do not recommend opening a trading account with ANY broker, be it a regulated broker or a non regulated broker, as THEY ALL seem to be unethical and non-trustworthy, even the regulated ones! If you have been scammed by such a company you can check out our RECOVER FUNDS FROM BINARY SCAMS section.
Also, instead of trading binaries which are mostly scams, you can trade with a trustworthy and popular FOREX broker such as TradeFred.