CFTC Issues Warning Against 34 Unregistered Foreign Entities

The Commodity Futures Trading Commission (CFTC) has updated its Registration Deficient List (RED List) that is circulated to financial industry partners, including other regulators, consumer groups, industry participants, self-regulatory organizations, exchanges, and industry associations. The number of foreign entities blacked out since 2015 has thus risen to 202.

As detailed in the official press release, a firm is added to the RED List when the CFTC determines, from investigative leads and public inquiries, that it is not registered with the Commission and appears to be acting in a capacity that requires registration, such as trading binary options, foreign currency (forex), or other products. 

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Additionally, the regulator pointed out that an "intermediary" is a person or firm that acts on behalf of another person in connection with trading futures, swaps, or options. Depending on the nature of its activities, an intermediary may also be subject to various financial, disclosure, reporting, and recordkeeping requirements. There are some exceptions or exemptions where an intermediary does not require registration.

The foreign entities newly added to the RED List are:

• Algobit, Ltd. (octavetrade.com)

• Cent Projects, Ltd. (dynamicsfxtrade.com)

• Alis Capital Inc. (aliscapital.com)

• CloseOption (closeoption.com)

• B.O TradeFinancials (Cryptospherefx.com)

• CryptoBO (cryptobo.com)

• ​Bitpay Options (bitpayoptions.com)

• ​CryptoSphereFX (Cryptospherefx.com)

• ​Bluegate Financial Services (bluegatefinancialservices.com)

• ​DestroFX (Destrofx.com)

• ​Capital Forex Trade (www.octavetrade.co)

• ​Direct Cryptos (directcryptos.com)

• ​Capital Trading Hub (Capitaltradinghub.com)

• ​Dynamics FX Trade (dynamicsfxtrade.com)

• ​Capitalone Trade (Capitaltradinghub.com)

• ​Expirex Trade (Empiretrades.com)

• ​FXBrew (fxbrew.com)

• ​QuickFXTrade (quickfxtrade.com)

• ​FX Optimax (fxoptimax.com)

• ​Renesource Capital (Renesource.com)

• ​FX-Cryptex (fx-cryptex.com)

• ​SageFX (sagefx.com)

• ​HankoTrade (hankotrade.com)

• ​Stockinvestmentfx (stockinvestmentfx.com)

• ​IQFXTrade (iqfxtrade.com)

• ​Swissglobaltrade.org (swissglobaltrade.org)

• ​Menne Market Ltd. (mennemarkets.com)

• ​The Traders Domain (thetradersdomain.com)

• ​Octave Trade (www.octavetrade.com)

• ​Tifu Global Limited (TiFuforex.com)

• ​Pocketoption (pocketoption.com)

• ​TradingDeskFX (tradingdeskfx.com)

• ​Prime Crypto FX (primecryptofx.com)

• ​Wolves Trade FX (wolvestradefx.com)