It's great that Belgium is taking action against outright fraud and deception in the marketplace, cold calling and boiler room operations regardless of the underlying gimmick, i.e. Binary Options. On the other hand, there are legitimate brokers and institutions around the world that provide a a vital service to the world marketplace for traders and investors, and without proper discretion, throwing the baby out with the bathwater would not be in anyone's best interest.
The other issue is that there's been news of massive outflows from traditional hedge funds because retail investors are tired of the fees and declining performance.
This has been the long standing culture of the traditional regulated investment house to make their juicy fat profits by charging fees, for everything from data feeds to commissions, education, and the whole laundry list of products and services. The big guys make their money no matter what.
Unfortunately, the vast majority still lose money, but the difference is, your loss in fees become taxable income to the investment houses which eventually flows back to the government instead of a bunch of outlaw B.O. hooligans.
The Forex broker industry and institutions in general provides data feeds free of charge, and they make their living on the spread and reasonable commissions, (if you shop around for a good broker). And since the FX marketplace is decentralized, there will always be glimmer of hope from relief from excessive fees and government regulations tyranny.
They can take our citizenships, but they can't take away our FREEDOM!!