Binary Options Under Increasing Fire as Israel Proposes Ban

The binary options trading industry is coming under increasing scrutiny and regulatory pressure, with the latest news being Israel’s proposed complete ban of binary options trading.

Prof. Shmuel Hauser, the Chairman of the Israel Securities Authority (ISA), has strongly championed a move to completely ban binary options trading by any Israeli company. Hauser has been openly clear about his position, stating that he wishes to “eliminate binary options trading” in Israel.

Binary Trading Apps Banned From Apple’s App Store

Apple has made a change to their guidelines that categorically bans mobile trading apps used for binary options trading from its App Store. The ban is apparently in response to an increasing number of customer complaints regarding binary trading apps.

Another factor influencing Apple’s decision may be an overall, wide-reaching regulatory crackdown on binary options trading. Financial regulatory entities largely ignored binary options trading when it initially became available, but…