U.K. regulators expose high-yield investment scheme scam for crypto and binary options

According to Finance Magnates, the British regulator FCA issued a warning to Pro-Options, exposing the company's cryptocurrency and binary options combination scam. The FCA said on Friday that a company called Pro-Options is an unlicensed trading provider and reminded all retail investors of the risks of trading with the company. The Pro-Options website claims to provide investment plans for Bitcoin and binary options with returns ranging from 50% to 100% within 24-48 hours, which is a red flag for investors. The company operates in the form of a high-yield investment (HYIP) scheme without providing any legal proof of payment, and the exchange's website does not confirm the licenses held in any jurisdiction.