24option leaving binary options. Is this the end?

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Through all this, a few brokers have remained a standout example of transparency and honesty. The world renowned broker is shutting down their binary options business to focus on Forex and CFDs.

Could it be twilight in the binary options industry? There has been a battle against binary options for the past year, originating from Israel. The Times of Israel was among the first news websites to highlight binary options industry ban conclusion illegal activities that binary options brokers do. Soon after the series of news articles on the problem, many financial regulators sought to curb the industry. Binary options industry ban conclusion Europe, Belgium was the first country to completely ban binary options, as well as Forex and CFDs trading within their binary options industry ban conclusion. However, these latter nations only banned the binary options companies from advertising their products instead of completely banning the trade.

In their opinion, binary binary options industry ban conclusion were being marketed very aggressively and without full disclosure of the risks. The Israeli Parliament, Knesset, finally passed laws that ban binary options within their borders. What we can conclude from all the recent legislation against binary options trading is that it is no longer very favorable.

Unscrupulous brokers will still operate without a license, and they are. According to Haggai Carmon, an Israeli intelligence officer, binary options brokers have yet to shut down their operations in Israel. He also pointed out that the owners of binary options industry ban conclusion unscrupulous firms have had shady pasts.

As for 24option, the company has binary options industry ban conclusion had any run-ins with financial regulators, proving that they are indeed very reputable. The decision that led to 24option leaving binary options was perhaps purely strategic. The steps already taken by the financial regulators in the previously mentioned countries are just the start of what might become worse. These may really be the first domino to fall in the industry.

Existing clients will still be able to trade binary options and make withdrawals and deposits to their trading accounts. It is the new customers whose funds will be automatically deposited into a Forex and CFDs account.

The process began in early July, prohibiting new European clients from trading binary options. On the following week, all other world regions served by 24option also experienced 24option leaving binary options.

The parent company of 24option, Rodeler Ltd. The company had already dedicated a lot of resources on the FX and CFDs platform to create a proprietary solution. This is not completely bad news for new clients, who will now know of a trusted brand in the Forex industry. As for those who were still interested in the binary options industry, perhaps 24option leaving binary options should be a clue on the state of the industry.

Stay up to date with the financial markets everywhere you go. Home - Top Stories - Binary Industry - 24option leaving binary options. Is this the end? Why is 24option leaving binary options? Comments 0 comment s Click here to cancel reply. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Sign up for updates. View ICO See whitepaper.

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It was a major announcement for the binary options industry, especially coming from the most popular regulator in the world. Over the past year, CySEC along with other financial regulators have toughened laws governing the Forex and binary options industries.

This was a response to the numerous claims of frauds in the industries by aggrieved clients, especially in the binary options industry. We have already seen changes in the Forex industry that have limited the amount of leverage offered to clients and the eradication of trading bonuses.

MiFID II also proposes a lot more changes, all of which aim to make these over-the-counter industries a bit more centralized. If the Cyprus regulator were to impose a total ban on binary options, it certainly would affect the industry. It also would not be the first regulator to put a ban on binary options.

Belgium and France have already banned all over-the-counter markets including the Forex market. Netherlands have banned all forms of advertisement on binary options and Forex.

These are all part of a global war on binary options that CySEC has suggested it may join. Being the most popular regulator of binary options, a ban on the financial instrument can cripple the entire industry. However, it will certainly not kill the industry. When Netherlands banned the advertisement of binary options and Forex, the action only drove the brokers underground.

Despite the ban, brokers can still sign up clients based in Netherlands. Since the industry is decentralized, it is virtually impossible to completely shut it down. Moreover, a ban could have a negative effect in that unregulated brokers take the opportunity to fill the gap left by the regulated brokers. Therefore, a ban on binary options by CySEC may leave the traders open to solicitation by unscrupulous, unregulated brokers.

A better approach would be through stricter regulation, as the CFTC did. Following an overhaul on laws governing over-the-counter financial instruments through Dodd-Frank, the CFTC and SEC imposed tougher laws on the industries that scared most brokers away.

Through keen supervision and tough penalties, cases of fraud were reduced, leaving only the most trustworthy brokers in operation. Right now, there are only 2 regulated binary options brokers licensed in the US, and there are few cases of fraud. The good news is that they have not determined to ban the industry, yet. As the chairperson of CySEC said, they are still in consultation, probably even with some of the largest binary options brokers.

If these brokers and the regulator can agree on more favorable terms, the industry may remain active, possibly even thrive, while still protecting the traders. Stay up to date with the financial markets everywhere you go.

CySEC cracking down on the industry Over the past year, CySEC along with other financial regulators have toughened laws governing the Forex and binary options industries. How could a complete ban on binary options affect the industry? Cyprus has become It also would not be the first regulator to put a ban on binary options. Comments 1 comment s Click here to cancel reply. Leave a comment jesusrcc. Banning binary options instead of looking for ways to force brokers to comply with regulations and to spread information about unregulated brokers to future traders, looks to me the way to avoid the consequences of their own incompetence.

Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Sign up for updates. View ICO See whitepaper. ZCoin Analysis - What a reversal! Feathercoin Forecast - 0. Bitcoin Cash Analysis - Neckline worked like a charm.

Blocktix TIX ; the altcoin that seeks to disrupt the ticket hosting industry. Get the most recent news at your inbox.