Want binaries banned in Europe? Provide evidence NOW!

TrapLok

Recruit
Messages
127
I don not think that binaries would be banned in the Europe as it is also a great way to trade the currency with the fixed amount of loss and profit. I have not find a reason (except that most of the companies works like a casino :D) yet to oppose this market as it is legal in many developed countries and doing good business. Am I right guys?
 

Esannniki12

Recruit
Messages
37
Officially banned in the EU and UK. No more binary options trading in these countries. However, it doesn’t mean that they will beat scammers with this regulation, as they are offering now ways how to switch regulations with off-shore accounts
 

oscarra

2nd Lieutenant
Messages
1,087
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2019-releases/19-220mr-asic-proposes-ban-on-the-sale-of-binary-options-to-retail-clients-and-restrictions-on-the-sale-of-cfds/

uff it’s about time, poor Australian Public been exposed to such poison for years

one may notice it’s always around 80% client loses, same similar crap with CFD’s …even though financial markets show no what so ever CRASH , just look at this 10 y chart https://www.macrotrends.net/2488/sp500-10-year-daily-chart

…something very wrong no ? :rolleyes:
 

oscarra

2nd Lieutenant
Messages
1,087
During 2018:
  • licensed issuers received gross trading revenue of $490 million from binary options and $1.5 billion from CFDs—which can largely be attributed to a combination of net client losses and fees and costs charged to clients

  • CFD issuers automatically closed out 9.3 million client CFD positions in margin call, and

  • over 41,000 clients’ CFD trading accounts went into negative balance, totalling -$33 million (that is, clients owed money to the CFD issuer).

ASIC will pay the Bill
 

Doctor911

Recruit
Messages
14
Well, even if they are banned in the UK and EU, still you can trade them in the US. You just need to open an account with the US broker and transfer your funds there. So, I dont know exactly what is the issues with all these banns?
 
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