LeapRate Exclusive... LeapRate has learned via court filings made in Israel (see source below) that the country's highest court has rejected an appeal made against the new Binary Options ban legislation. As such, Israel's Binary Options ban law takes effect today, January 23, 2018, as planned. All Binary Options activity, from offering binary trades to…
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News sources in Israel, as well as certain blogs close to the Binary Options sector, are reporting that Israel's new Binary Options law has been challenged to the Israeli Supreme Court. The appeal has been brought by lawyers representing Yossi Herzog, the major shareholder in binary options group Yukom Communications Ltd which has operated a…
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After months of behind-the-scenes lobbying and resulting delays, Israel's Binary Options bill was passed in the country's Knesset parliament late Monday, in a (rare) unanimous 53-0 vote. The vote came in the opening day of the Knesset's winter session, after intense industry lobbying efforts were able to delay the Binary Options bill from being introduced…
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While the online trading industry was taking somewhat of an end-of-summer breather with less press releases, deals, executive hires and the like, there was still plenty of Forex Industry News to report. How is internal party politics delaying Israel's new Binary Options ban legislation from being actually implemented? Why is Forex.com parent Gain Capital Holdings Inc…
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After we exclusively reported at the end of July that Israel's Binary Options law, still working its way through the mechanisms of the country's Knesset parliament, would be delayed into Q1-2018 at earliest, online newspaper The Times of Israel has written up a dramatic report of the final day of deliberations on the bill at the…
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Continuing our coverage of Israel's Binary Options Law, which this week is being debated in the Knesset's Reforms Committee, presentations at yesterday's meeting included riveting and quite pointed testimony from representatives of Israel's police. Israel's police, which was noticeably absent from Monday's initial debate at the committee, was indeed present on Wednesday with Police Chief…
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News sources in Israel are reporting that the country's new legislation meant to outlaw all aspects of the Binary Options industry from operating in the country has been watered down from its original version. We had earlier exclusively reported that implementation of what's now known as the Israel Binary Options Law has been delayed to…
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LeapRate Exclusive... LeapRate has learned that Israel financial regulator the Israel Securities Association (ISA) has handed out its first-ever fine to a Binary Options broker, for engaging in unregulated binary trades with Israeli clients. The ISA has fined binary options broker DGI Market (operating from dgimarket.com) and its controlling shareholder Gabriel Lavie a total of…
Read moreSome good news for Israel based retail forex brokers, or at least those who serve Israel based clients. Israel business newspaper Globes has reported that the Tel Aviv District Court has overturned a previous decision by the Israel Securities Authority (ISA), which had frozen retail forex broker USG Capital's algorithmic trading business on the grounds that it…
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