4. 1. · Binary options were banned for retail investors in Britain in , with the country’s Gambling Commission taking over surveillance of the market Author: Aleks Vickovich 3. · The EU today banned binary options fraudsters from targeting individuals in Europe. This comes just days after Lee Elbaz, a woman whom the Bureau accused of being a leading figure in the scam, was indicted for fraud in Maryland blogger.comted Reading Time: 3 mins 9. · Rotich Henry, Treasury Cabinet Secretary, has made capital markets Regulations to regulate online foreign Forex traders in Kenya. In the Regulations, Rotich has banned binary options. Many have been left wondering. What are binary options? Why should they be banned? We shall explain. An option is a contract, that gives a buyer a right, but
The ESMA Ban On Binary Options, Why Traders Don't Care
A ban on binary options has been in place since 2nd July in Europe. The European regulator, ESMA placed a temporary ban on binaries and have maintained it ever since. EU Traders can avoid the ban, however, and continue trading. So what are the options for traders impacted by the ban? The European Securities and Markets Authority ESMA implemented a ban on binary options in July They were convinced that this measure would protect consumers and resolve the deluge of complaints they had received over the previous decade.
The ban was originally implemented temporarily, for three months. It also coincided with restrictions on CFD and Forex trading in Europe. Since the original ruling, both the ban on binary options and the related restrictions have been extended:. During this period, why binary options banned, very little in the way of research has been done by ESMA, to see how effective the ban has been, why binary options banned. For example, the original scams were already breaking the law — so have they adhered to the ban?
They why binary options banned however, branched out into cryptocurrencies — another area where regulators are years behind. The official text on each extension has been exactly the same, why binary options banned, bar the dates. With that said, it seems certain that the ban will remain in place, restricting the availability of binary trading to traders in the EU. So what can traders do? Traders actually have a few choices when it comes to trading from within the EU. There are positives and negatives to all of them, why binary options banned, but it is possible for why binary options banned to carry on, and that is the important thing.
Firstly, trading with an unregulated broker that still accepts EU traders is to be avoided at all costs. This is not a safe route. Here are some methods to continue trading in a safe, why binary options banned, legal way. Many reputable brokers have created new products to fill the gap left by the ban. IQ Option created FX Options and IG offer Why binary options banned for example. One less well known choice for traders, is to move their account to a regulated arm of their existing broker.
That is right, you might be able to carry on with your existing broker…. There are two key points here. Firstly, this is only possible where the broker has multiple regulated brands, in other words, separate brands in each jurisdiction or off-shore. For example. It is possible for you to request an account with the Non-EU or off-shore branch of the business.
ESMA allow this to happen — but brands are not allowed to market the possibility. The request has to come from the trader, and not be prompted by the firm themselves or marketing sources. This choice will only be available to certain traders. To register as professional, traders must prove a certain level of trading experience 2 years in a financial service role for example. They must also prove a certain level of trading capital k — though this can be spread between multiple accounts.
In addition to opening up binary options again, registering as a professional will also mean traders can trade CFDs and Forex with much higher levels of leverage.
The trade off is that professional traders lose regulatory protection. So there we have it. The binary options ban does not have to mean the end of you trading binaries. If the ban stops uninformed traders getting their fingers burnt — but experienced traders can carry on using them, then the industry, while smaller, will be better off long term. South Korea. Brokers Reviews investing 12Trader 4xCube AAAFx AccentForex ActivTrades Admiral Markets ADS Securities AETOS AGEA Alpari Alpho Alvexo Amana Capital AMarkets ArgusFX Arum Capital AskoBID ATC Brokers Atiora Avatrade Axes Axi Axiory Ayondo BCS Forex BDSwiss Binance Binary.
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Does banning binary options make sense?
, time: 13:30Why Henry Rotich has banned Binary options in Kenya | Gatuyuriana
From October second, two types of binary options will be excluded from the ban: a binary option for which the lower of the two predetermined fixed amounts is at least equal to the total payment made by a retail client for the binary option, including any commissions, transaction fees and other related costs; [Hurray!!!] and 3. · We Knew It Was Coming, And We Don’t Care. The ESMA followed through with its plans to ban binary options within the EU. The regulator, acting the interests of consumers, have issued a blanket ban on all brokers, trading and options with a limited time frame and all-or-nothing blogger.coming to the press release, the ESMA concluded that there posed a significant risk to In some certain jurisdictions, yes! For instance, Germany is a country which is known for its strict regulations for protecting consumers, particularly in the financial sector. On November 29, the German Federal Financial Supervisory Authority (BaFin) proposed a measure to ban retail trading of binary options
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