The Financial Markets Authority (AMF)'s annual report for 2015 showed that the number of complaints received against binary options and Forex brokers reached 1,617 in 2015, up from 1,293 in 2014. The high rise in complaints is probably just one of the reasons that AMF is launching a consultation, until 30 September 2016, on the introduction…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge John Z. Lee of the U.S. District Court for the Northern District of Illinois entered an Order of Final Judgment by Default (Order) that requires Defendants Vault Options, Ltd. (Vault) and Global Trader 365 (GT 365), two Israeli web-based binary options firms, to jointly…
Read moreToday Swiss based FINMA and EU regulated brokerage house Dukascopy has amended certains CFD contract trading conditions. The amendments include index and Binary options CFDs. Firstly, maximum exposure limits on GBP and EUR based indices were increased today at 15:00 GMT, 06 July 2016 as follows: GBP/IDX - 30 contracts DEU.IDX/EUR -50 contracts ESP.IDX/EUR -50 contracts EUS.IDX/EUR…
Read moreThe Australian Securities & Investments Commission (ASIC) today warned the public about the conduct of the following binary option websites. It is best to avoid doing any business with these websites if contacted as they are not properly regulated and especially to Australia they are not licensed to provide any service whatsoever to customers down…
Read moreGérard Rameix, head of France's securities regulator AMF, has addressed the nation's president François Hollande, voicing his concerns regarding the risks associated with trading online, and Forex trading in particular. The letter mentions that in the face of the regulatory efforts to curb the investors' exposure to such high-risk products, the amount of losses from…
Read moreNYSE Amex Options will initially list ByRDs on 15 highly-liquid equity and ETP securities, including AAPL, BABA, IBM, and SPY, with more names to be added in the future as the program expands (possibly ICE U.S. Dollar Index?). The New York Stock Exchange (NYSE), part of the Intercontinental Exchange (NYSE:ICE), today announced the NYSE Amex Options…
Read moreThe Malta Financial Services (MFSA) Authority today notified the public that is has become aware of the binary option website https://www.stock-binary.com/contact.html which is misleading the public by using in its “contact page” the name and details of a genuine firm authorized by the MFSA, thus giving the erroneous impression that the entity is licensed by…
Read moreSwiss Forex broker Dukascopy has just announced a set of changes to binary options trading conditions, with enhancements ranging from increased payouts to extended time duration for up/down options. For starters, the company has expanded the Up/Down options maximum duration from 60 minutes to 24 hours, in a move to please fans of longer-term options.…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal district court has unsealed a civil Complaint that the CFTC filed with the Northern District of Illinois on February 2, 2016, against two foreign web-based binary options firms, Vault Options, Ltd. (Vault) and Global Trader 365 (GT 365), both Israeli web-based companies. According to…
Read moreFrance's financial markets regulator AMF today issued a warning concerning the growing trend of companies abusing the details (such as names, images, website details, etc.) of authorized providers of binary options services. The French watchdog notes that this practice has affected UK Forex and binary options brokers and that it is very hard to detect.…
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