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The Australian Securities and Investment Commission (ASIC) has advised the public of several warnings through its MoneySmart.gov.au website, against potential scam firms purporting to offer financial services in Australia yet lacking relevant licenses to do so. This update follows ASIC’s last warning against a marketing website that offers reviews of binary options brokers as covered by Finance Magnates yesterday.
The two new warnings were issued against FMTrader and RTG Direct Trading Ltd, and just yesterday against Top Ten Binary Brokers (toptenbinarybrokers.com), according to the three separate circulars so far this week.
Warning against FM Trader
One of the company’s cited in ... (read more)