On May 24, 2018, the Financial Conduct Authority issued a warning regarding Zola Ltd trading as BinaryOnline

In its notification, the FCA said "We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers.".

The FCA went on to note that

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.

However, some firms act without our authorisation and some knowingly run investment scams.

This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.

Zola Ltd trading as BinaryOnline

Address: The Apex, 2 Sheriffs Orchard, Coventry, West Midlands, CV1 3PP

City of Sofia 1000, ul. Pirotska No 2 fl. 4, Apt. office 12

Payment services are provided by Zolarex Ltd, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960

Telephone: 02030260222; 02038083770; 02030265665; 02039174107; 02080891158

Email: support@binaryonline.com; support@binaryonline.com

Website: https://www.binaryonline.com

Click here to view the FCA's original notice