The CySec warnings (http://bit.ly/1cKUIOO) are now coming thick and fast yet one wonders why LBinary has arrived on their radar?
L for Lost
The company is clearly a dodgy operation: on the Home page they state:
“LBinary a brand of Targaryen Holdings Limited, Suites 41/42 Victorya House, 26 Main Street, Gibralter”
while on the ‘Contact LBinary’ page they provide us with:
“LBinary© is a brand of Live Binary Ltd. Seychelles”!!
So now you have it; if, as an irate client wishing to kick their doors down to demand your deposit back, you have two choices:
1. join a 12 hour queue to get into Gibraltar (courtesy of a Spanish government looking for its roughly bicentennial kicking at the hands of the RN) or
2. get on a plane to the Seychelles.
Either way, why is the Cypriot regulator issuing this warning? The site does not claim to be regulated by CySec, indeed there is no mention of a regulator whatsoever. If the company is Gibraltar-based is this not a Gibraltar FSA issue? Are CySec going to now issue warnings about all binary options sites that they do not regulate?