Swiss watchdog warns against binary options broker Bloombex

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Swiss finma bloombex warning

Bloombex, which operates through the websites www.bloombexonline.com and www.bloombex-options.com, is a broker offering binary options trading services that has been warned against by several industry regulators across the globe on account of it being an unregulated entity. Such regulators who have already warned against this firm are Cyprus’ CySEC and Italy’s Consob. Moreover, Bloombex is also included by American authorities in the red list of unregistered providers who unlawfully target US investors.

Due to the fact that the company cites on its website an address in Zurich, Switzerland, this has prompted Switzerland’s Financial Market Supervisory Authority (FINMA) to add Bloombex Online on its updated Warning List of companies, which appear to be operating in Switzerland and/or soliciting Swizz customers, without having a proper license, without the necessary authorization and supervision by FINMA. 

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