Most of the platforms illegally providing financial services offer derivatives trading with forex and cryptocurrencies. Among the assets classes offered by the Entities are also binary options, which are heavily scrutinized in the US.

The US regulator stated:

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.

According to US regulation, entities offering trading in derivatives products need to register with the CFTC and be a member of the National Futures Association (NFA).

CySEC regularly updates its warning list and June the regulator added seven new unregulated entities.

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