The online options trading website offered clients the opportunity to make large amounts of money from simple bets on the movement of financial markets, stocks and commodities.
In Britain, the sector is overseen by the Gambling Commission, which said it had never heard of NRG. The tale underscores broader concerns around binary options trading.
France's market regulator, AMF, recently described the binary options industry as "Highly risky and very dangerous." The Paris public prosecutor's office estimated as much as 4.5 billion euros in France alone has been lost on what AMF called "Illegal forex and binary options websites and scams through false transfer orders" in the past six years.
Banc de Binary told Reuters it is "Committed to investing in its customer care and compliance functions and that has been a major feature of our development in the last two years." It said it is "Helping to lead the way in the introduction of customer friendly policies in what has been a fast evolving Binary Options market."
Itzik Shurki, who supervises trading platforms at the Israel Securities Authority, the agency that banned binary options trading in Israel, said the industry is dangerous.
Shurki likened the short timeframe of some binary options trading - trying to guess the movement of a currency or stock in as little as 60 seconds, say - to gambling.
NRGbinary has a SpotOption powered trading platform. SpotOption is the leading white label binary options platform, so it will likely be familiar to you if you have traded before. You will find it intuitive and easy to use. From a glance, even if you are brand new to binary options trading, you should be able to understand how to trade. NRG Binary Options is one of the newest entrants in the binary option market which was established in the year 2012. They have their office in Cyprus and the company is indeed empowering. NRG Binary option provides to their customers safe and user friendly environment to trade. NRGBinary This is an investment/trading Binary Options Broker 2 Woodberry grove, Finchley, London, N12 0DR Internet *Consumer Comment: Disgusting NRG Binary *Consumer Comment: NRGBinary rip-off *Author of original report: sorry to hear that *Consumer Comment: NRGBinary Withdrawing money. Ripoff Report on: NRG BINARY OPTIONS - Nrg binary options walter greenmichel vingal they had emailed me called to sign up for their option with deposit which i d... NRGBinary Review Summary. Cost: $250+ Recommended: No (See Our Top Ranked Legit Program Here) Rating: 0/100 Summary: Whilst initially seeming like a promising & potentially legitimate binary options broker when it first launched, NRGBinary in actual fact turned out to be nothing but a scam like the majority of other binary options brokers. It has since closed its doors & shut down due to
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