UK’s Financial Conduct Authority (FCA) has warned that the company Tradeplus Solutions is offering financial services to UK clients without the necessary authorization and that it may be a scam.
According to the FCA, the company operates the binary options brokerage plusoption.com and has an address in Bucharest, Romania and in UK.
Our check on the broker’s site, however, revealed that it claims to be owned by Redfield Markets ltd, with the same UK address as that of Tradeplus Solutions. Usually such changes of company and brand names are an almost certain sign that this is a scam, trying to rip off unsuspecting clients.
Besides, one of our readers complains that he has been ripped off by Plusoption, using the usual scheme of fraudulent binary options brokers by refusing withdrawals of the original funds and then wasting the entire funds.
As per the legal requirements, since the beginning of 2018 the FCA is in charge of overseeing and regulating the activities of licensed binary options brokers in the UK. Previously this was done by the Gambling Commission.