Switzerland’s financial markets and services regulator FINMA has warned against two unlicensed binary options brokers: UBSOption and Brokers Option. UBSOptionclaims to be based in Switzerland but according to the fine print at the bottom of the site, however, the company is actually owned by an entity called Cuba Ltd and has an office in Sofia. Also, the name of the company appears to imply a connection with the Swiss financial institution UBS AG although the two have nothing to do in common. Between the lies about the address, the lack of regulation and the misleading name, the company comes off as very untrustworthy. There's little information about the other company.