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FMA: Warning against unauthorised websites offering binary options trading
Binary options brokers are usually operating in a shady regulation environment and often walk the thin line of lawlessness. They are advertised as a fast way of earning easy money, without having any previous investment and trading experience – just by clicking with the mouse. But first you have to send the brokers your hard-earned money. The sad tales of people losing their life’s savings abound. The national regulators issue warnings and are making efforts to curb and regulate the binary options brokers’ activities, but often to no avail.
Another tool of control is license revocation, but the most more effective tool in disciplining the binary options brokers, are the fines. And have these fines been hefty this year.
Forum on trading, automated trading systems and testing trading strategies
ESMA ban BO in Europe
Przemyslaw Szwed, 2018.06.19 22:49
Hi guys. I'm profitable trader of binary options. My strategy cannot work on Forex because i make short time trades so all my profit will be gone in spread.
I live in UK. What do you think guys will happen next month when BO will be baned in EU?
I'm still with Australian broker. Do you think they will accept European traders?
Should i move to non EU country: Norway or Switzerland?
My wife is a Vietnemse, maybe should i open account under her name? She holds Vietnamese passport?
I think it's the time to take action now instead cry later.