While many market analysts had previously expressed concerns that the proposed Israeli legislative ban on binary options trading was being watered down, the latest draft of the legislation appears to indicate the exact opposite to be true. The draft of the legislation that was ultimately approved by the Knesset Reforms Committee – and should turn out to be in essence the version enacted into law – is extremely far-reaching in its efforts to shut down binary options trading.
As it stands, the legislation will likely effectively shut down all Israel-based…
Well-known stock and commodities trader, Yehuda Belsky, has recently turned his attention to binary options trading, namely to developing a trading strategy that may help binary option traders see more profits and fewer losses.
With more than 20 years of experience and knowledge in the financial markets, Yehuda Belsky is well-versed in the language of trading. Working and trading a variety of instruments at a wide range of institutions, over the years, Belsky now makes his home at Y Trading, LLC as the head of their Derivatives Trading…
Binary options trading remains, as of late, unregulated in Russia. Fraudulent binary options brokers and firms continually target Russian customers, as it remains a heavily profitable way to scam consumers out of hard-earned income.
To date, the Bank of Russia has yet to take any known steps to address this issue, however, the head of the bank’s Department for Countering Malpractice – Valery Lyakh – has made statements suggesting that that bank may soon put measures in place to reign in binary options fraudsters and protect traders.
Financial regulatory authorities in the United Kingdom, in much the same way as regulatory bodies in other countries, have found it very difficult to effectively combat financial fraud related to binary options trading. Furthermore, the realization of this growing problem is occurring at the same time as a marked increase in reports of binary trading related fraud.
The National Fraud Intelligence Bureau (NFIB), a division of the City of London Police, reports receiving, on average, at least one binary options scam complaint…
The 2017 annual report of the financial regulatory authority, the Canadian Securities Administrators (CSA), emphasized its continuing fight against binary options scams, devoting one whole section of the report to the issue.
As a result of rapidly increasing reports from victims of binary options fraud over the past three years, with losses for Canadian investors estimated to be in the millions, a 2015 committee formed to study the problem was transformed by the CSA into the Binary Options Task Force in 2016.
Jason B. Scharf, a worldwide collection of companies he owns, and affiliate marketers Michael Shah and the company Zilmil Inc. have all been charged by the U.S. Commodity Futures and Trading Commission (CFTC) with perpetrating a $16 million fraud scheme related to binary options trading.
The civil case, filed by the CFTC in the federal Middle District of Florida centers around two binary options trading firms that Scharf does business as, Citrades.com and AutoTradingBinary.com, which were operating from Israel and…
Regulatory agencies in the European Union (EU) are continuing their crackdown on binary options brokers. The French Autorité des Marchés Financiers (AMF) and the Cyprus Securities and Exchange Commission (CySEC) have both recently moved ahead in increasing regulatory pressure on binary options brokers.
In France, the AMF added five binary options brokerage firms to its warning list. The five additions are ToroNext, EasyGestions, CBF Financial, Luxembourg Capital Finance, and 4U Groups. All of the added brokerage firms are fairly new…
Following a recent similar move by the major brokerage firm anyoption, both Vantage FX and 24option have decided to move away from offering binary options trading in favor of forex, CFDs, commodities, and other investments.
Facing increasing media – and more importantly, regulatory – pressures, including the outright banning of binary options trading in a number of countries, Vantage FX and 24option have elected to join the growing parade of brokerage firms choosing to exit handling binary options trading.
Financial regulators that appear to be more and more concerned about protecting investors are coming up with more and more ways to warn traders about potential investing dangers, including dangers related to binary options trading.
In the United States, the Commodity Futures Trading Commission (CFTC) has come up with a new, creative way to reach potential investors – online videos. The U.S. regulatory body that has oversight over the bulk of commodity and derivatives trading, including binary options trading, is producing a series of…
The U.S. Commodity Futures and Trading Commission (CFTC) is granting what is termed “no-action” relief (meaning, essentially, no action required, as detailed in the relief) to NADEX and the Cantor Exchange, the two principal, CFTC-authorized U.S. binary options trading exchanges.
All binary options trading in the U.S. has to take place on a regulated exchange. The CFTC has prohibited all over the counter (OTC) binary options trading in the U.S.