Jump to content



Next High Impact Market News Event:
Retrieving events...

Toggle shoutbox The Traders Chat Open the Shoutbox in a popup

Please be respectful in the chat and watch your language & arguing. Read the forum rules.
@  shaileshm : (25 February 2017 - 05:41 PM) and also in pushing in all the refugees
@  Ewa : (25 February 2017 - 05:38 PM) The union is awesome at displacing natives from their homeland.. :D
@  Barnabee : (25 February 2017 - 03:58 PM) taking#
@  Barnabee : (25 February 2017 - 03:58 PM) and everyone in between gets fucked
@  Barnabee : (25 February 2017 - 03:58 PM) germany and france take advantage by talking the role of false leaders and enslaving others
@  Barnabee : (25 February 2017 - 03:57 PM) yeah its good for weak countries like portugal to consume resources from europe
@  calebfx : (25 February 2017 - 03:24 PM) So rejecting a Brit in a European country would have flaming repercussions for that country
@  calebfx : (25 February 2017 - 03:23 PM) Why? We are the most sort after visa in all of Europe
@  calebfx : (25 February 2017 - 03:22 PM) Lol Barnabee Brits would always travel freely in Europe haha
@  1992 : (25 February 2017 - 02:55 PM) dose n e body know how to update investing.com on the dot and make it not take as long to update so i can take my trade on time
@  borgu : (25 February 2017 - 02:53 PM) hi any one here?
@  Barnabee : (25 February 2017 - 02:03 PM) they will cry like babies once they cant travel freely in europe
@  Barnabee : (25 February 2017 - 02:03 PM) everybody hating on europe
@  Barnabee : (25 February 2017 - 02:03 PM) man
@  ahmetesk : (25 February 2017 - 01:14 PM) :lol:
@  ahmetesk : (25 February 2017 - 01:13 PM) @calebfx we won against usd http://prntscr.com/edaawq
@  calebfx : (25 February 2017 - 12:40 PM) If she wins and also with Italy kicking against the EU that house will come crashing down
@  calebfx : (25 February 2017 - 12:39 PM) I pray Marine Le Penn wins the french Presidential election..she has more balls than that douche
@  calebfx : (25 February 2017 - 12:39 PM) Coz that union is dead haha
@  Barnabee : (25 February 2017 - 11:44 AM) why not the good old euro

Photo

Banning Binary Options ?


  • Please log in to reply
97 replies to this topic

#1 JohnnyMch

JohnnyMch

    Member

  • Members
  • PipPip
  • 20 posts

Posted 26 March 2016 - 04:08 AM

A lot of bad news are circulating nowadays about binary options.. Fraud BO companies changed the way authorities treat binaries and turned it into a gambling casino game.. Very recently Israel completely BANNED binary options from the country. French authorities and their AMF voiced their concerns about options. Italy and turkey banned IPs and warned their citizens to stay away from this kind of trading, Canada took that stance against options too, and we ALL know the limits the USA and their CFTC puts on binary options in their country. All the pressure now goes mainly to the CySec, being it the authority that most regulates binary options firms

 

I mean, where is all this going ?

check out this article:

http://www.financema...ry-options-too/

 

And here are the news about other countries :

http://www.financema...ons-blocks-ips/

 

http://www.financema...-options-firms/

 

http://www.financema...ions-in-canada/

 

What do you guys think ? What could be the future of this industry ?

 

 

 


  • David, Tripack, homero15 and 3 others like this

#2 randy1953

randy1953

    Member

  • Banned
  • PipPipPip
  • 1,263 posts
  • LocationWashingston, USA

Posted 26 March 2016 - 11:18 PM

Well Bins is like the Casinos they will always be here and not really regulated CySec is a joke they will do nothing for you if a broker cheats you.

My idea with Bins make your money fast get your money fast and just keep moving..


  • homero15, Un4seen72, happyjas and 2 others like this

#3 luca1073

luca1073

    Member

  • Members
  • PipPipPip
  • 2,358 posts

Posted 27 March 2016 - 11:18 AM

Europe already became a police state(region). I understand they want to "protect" citizens from it but i hope italy will not start blocking all option trading websites also for a personal reason(im an italian resident) they should only block the fraud brokers (the ones who mislead, dont pay or block accounts) not the fair brokers who play a decent fair game. Im ok if they want to call it gambling or else but at least let people decide....and not block them in the first place

#4 luca1073

luca1073

    Member

  • Members
  • PipPipPip
  • 2,358 posts

Posted 27 March 2016 - 01:15 PM

I checked. The news about italian authorities banning certain bo sites(just a few) dates back to oct-dec 2013. Its old
Stuff
  • happyjas, Shak and xbeast like this

#5 eonus

eonus

    Member

  • Members
  • PipPip
  • 35 posts

Posted 31 March 2016 - 01:02 AM

I'm glad authorities are getting serious about this

 

Europe already became a police state(region). I understand they want to "protect" citizens from it but i hope italy will not start blocking all option trading websites also for a personal reason(im an italian resident) they should only block the fraud brokers (the ones who mislead, dont pay or block accounts) not the fair brokers who play a decent fair game. Im ok if they want to call it gambling or else but at least let people decide....and not block them in the first place

 

There's no such thing as a fair game here. Binary options are worse than casinos in a sense because house has much bigger of an advantage than it does in regular gambling setting as risk/reward is completely skewed in favor of the bookie... not to mention you have no edge over the market short term because of its unpredictability - the bookies realize it and that is why they milk as much money as they can before running away

 

besides, you cannot take CySec seriously anymore because there's been a number of rules that the so called 'brokers' violated over the years but nothing has been done about it


  • xbeast likes this

#6 worldshot

worldshot

    Member

  • Members
  • PipPip
  • 153 posts

Posted 05 April 2016 - 10:11 AM

Binary options are a big scam run by casino mafias, and as the previous post says it's worse than casinos. It's just a big scam and should be banned worldwide. They won't do it coz governments make money out of it including some crooks, if you see casinos gets banned then BOs will be banned too, but you won't see it.
  • xbeast likes this

#7 Oskarix

Oskarix

    Member

  • Members
  • PipPip
  • 42 posts

Posted 07 April 2016 - 01:04 PM

Hello !

 

There was some interesting news from binary brokers area today...link for that news here:

 

http://www.financema...aign=newsletter

 

Have a nice evening :)


  • singu and hp699flva like this

#8 Tripack

Tripack

    Moderator

  • Moderators
  • 1,826 posts

Posted 09 April 2016 - 07:37 AM

I want to share my own personal view about this market.

I think non-exchange related (non-CBOE) binary options emerged a several years ago for mainly 2 reasons:

 

1. For USA citizens, being stuck to max 1:50 leverage on currencies in 2010 enforced by CFTC.

2. To attract new traders into the "easy money" world because the "ease of use" that binary options can provide to new traders without needing some starting capital, a good risk management & investing experience.

 

-- Nr 1. was rather quickly even more restricted a couple of years later, combined with the emergence of Cysec, to barring US citizens from trading such kind of options. This led to an even more restricted choice for them:

a. Go to unregulated brokers

b. Go to locally regulated brokers accepting US, there are not many.

 

*A personal note on regulation in general: it should ensure account seggregation and "in theory" withdrawals, although we see that it is not always the case. But more importantly regulation or not you are still playing with the broker's rules, meaning:

- borkers still can decide when they give you trading opportunities or not

- brokers can still decide to pay you shit like 50% rr or whatever they like

*

 

-- Nr 2. is more problematic as it impacts all traders around the world. But it is something that can be addressed by simply educating yourself into trading safer assets & derivatives types. On the downside probably more capital is required too. I can genuingly say this as I learnt to trade both bins and traditional products, like forex, stocks. I took a peek into futures but I feel it's not for me at the moment, since trading is far from being my main source of income and margin requirements are higher comparatively.

 

 

To come back to the general feeling about the binary options industing and the bans, I think it is due to many brokers behaving badly, doing bad business practices, which is now firing back at them, they did put nails in their own coffin by treating their customers badly and it gave a wrong image of the industry.

This forces more and more the binary options type of product to be linked with reputable brokers that provide also regular products, that's all. I wouldn't be surprised that sometime in the future standalone binary options brokers won't even exist anymore...


  • hp699flva, chalan8, PrabuddhaEdge and 1 other like this

In order to become successful, first stop doing what unsuccessful people do.


#9 hp699flva

hp699flva

    Member

  • Members
  • PipPipPip
  • 901 posts

Posted 09 April 2016 - 08:55 AM

To me a scam is when a fraud is committed - i.e when the brokers swindle you out of your money by not paying you, manipulating the underlying prices, or any other ways to cheat on a trade, etc...In that regard, the brokers really dont need to do that.  Most traders will lose their money fairly by themselves since the edge really lies with the brokers and most traders dont really have an effective strategy for all market environments .  As a matter of fact, some of the fraudulent claims ultimately turn out that it's the trader's faults or doings.  In general I agree with Tripack when he stated that there's usually fire behind the smoke but in the case of Noax, no one here on BOE for the past several months have provided concrete proofs of withdrawal problems even though there has been couple posters (or one) complaining about some outrageouse claims 60k or something like that.  Again having said that,I have limited the amount of capital in my Noax account just to be safe.

 

On a side note, I was scammed out of 12k in spot forex 3yrs ago.  The case was on FPA - http://www.forexpeac...fxvv-com.26225/ . I was unlucky and did not due my due diligence but never once, did I think they would ban spot forex. So scams can happen in any ares of trading not just solely on binary trading.  Caveat - 12k sounds might sound a lot to lose but in reality I only lost $100 since that was my funding.

 

In conclusion, it's hard for me to imagine that there would be a widespread ban on binary brokers or spot or stocks, futures etc...Therefore, I will continue to work on my game and trade all as long as I have edge in the respective fields.  Traders are their biggest enemies and not necesarily the brokers in most case.


  • Tripack and BinaryOptionsTutordotcom like this

#10 Tripack

Tripack

    Moderator

  • Moderators
  • 1,826 posts

Posted 09 April 2016 - 09:01 AM

To me a scam is when a fraud is committed - i.e when the brokers swindle you out of your money by not paying you, manipulating the underlying prices, or any other ways to cheat on a trade, etc...In that regard, the brokers really dont need to do that.  Most traders will lose their money fairly by themselves since the edge really lies with the brokers and most traders dont really have an effective strategy for all market environments .  As a matter, some of the fraudulent claims ultimately turn out that it's the trader's faults or doings.  In general I agree with Tripack when he stated that there's usually fire behind the smoke but in the case of Noax, no one here on BOE for the past several months have provided concrete proofs of withdrawal problems even though there has been couple posters (or one) complaining about some outrageouse claims 60k or something like that.  Again having said that,I have limited the amount of capital in my Noax account just to be safe.

 

Agree, in general we need to be careful about reviews because as much as there are many fakes good reviews crafted by some, there are also bad reviews crafted by the competition.

I think the overall best approach is not to blindly trust this virtual world and like you said having a "just to be safe" attitude so you can experience things by yourself, that is probably the best option :)


  • hp699flva likes this

In order to become successful, first stop doing what unsuccessful people do.


#11 hp699flva

hp699flva

    Member

  • Members
  • PipPipPip
  • 901 posts

Posted 09 April 2016 - 09:18 AM

In addition to competitors disguising as normal traders to discredit their competitors, there have also been assertions and claims  made by some of people that are relatively new to binary brokers and trading who assumed what they were saying were facts.  Remember the ones that talk the most or speak loudly dont necesarily make them correct.  Look at facts and not just hearsays. 


  • Tripack likes this

#12 Tripack

Tripack

    Moderator

  • Moderators
  • 1,826 posts

Posted 09 April 2016 - 09:43 AM

I guess I see exactly what you mean with your comment.

Again this is all virtual, and I think such claims you mention have potentially 2 causes:
1. Ignorance. It is understandable, we can all assume we know so much until we know even more then we look back at ourselves on where we were x time ago and we realise we knew much less than we do today, and it’s an ongoing process. It doesn’t make you a bad person as such but can be misleading against will.
2. Marketing. This is where really I don’t like it, that is about deceiving people into thinking in such a way it will profit you financially.

 

Funily enough nr 2 is often associated with nr 1 :)


  • hp699flva and Borgptr like this

In order to become successful, first stop doing what unsuccessful people do.


#13 hp699flva

hp699flva

    Member

  • Members
  • PipPipPip
  • 901 posts

Posted 10 April 2016 - 08:06 AM

Tripack - I could'nt agree with you more on both counts.  There's a saying: The problem with the world is that intelligent people are full of doubts while the stupid people are full of confidence.  As a trader since the internet bubble, I can tell you that this applies so perfectly in the trading world. Experienced or smart traders know there is no certainty in trading and they tend to hedge their trades or words whereas newbies are so certain of things.   In addition, having lived in one of boiler's room (bucket shops) center of the world, I also witnessed how con artists armed with a little knowledge or jargons can easily deceive people that are so green in the area of trading.



#14 electron17

electron17

    Member

  • Members
  • PipPip
  • 33 posts

Posted 02 May 2016 - 09:56 AM

Binary Options either have to get heavily regulated, like Forex, and they will keep getting banned in more and more countries.



#15 Michael77

Michael77

    Member

  • Members
  • PipPip
  • 46 posts

Posted 26 May 2016 - 02:57 AM

Of course it's because same shady websites say how super easy it is to trade binary options and that you have only two choices to choose from (either up or down) and that you don't any previous experience. But we all know that's not true and that binary trading is as hard as any other kind of trading. And then when the regulators see these kinds of websites they want to protect people....



#16 Ede

Ede

    Member

  • Members
  • PipPip
  • 74 posts

Posted 27 May 2016 - 01:45 PM

European regulators are going to ban market-maker type fx brokers.

Will this results in banning Binary options as well ? ( Because in binary options we are trading against the broker )

The article says - NO MORE TRADING AGAINST YOUR CLIENTS .

http://financefeeds....s-investigates/
  • singu likes this

#17 Ede

Ede

    Member

  • Members
  • PipPip
  • 74 posts

Posted 09 June 2016 - 05:19 AM

Chinese search engine - Baidu has decided to ban all ads by Binary Options brokers.

 https://www.leaprate...ptions-brokers/



#18 singu

singu

    Member

  • Members
  • PipPip
  • 280 posts

Posted 09 June 2016 - 05:27 AM

European regulators are going to ban market-maker type fx brokers.

Will this results in banning Binary options as well ? ( Because in binary options we are trading against the broker )

The article says - NO MORE TRADING AGAINST YOUR CLIENTS .

http://financefeeds....s-investigates/

 

Yeah, that would affect binary options brokers as well...but that would push more brokers like nadex and cantor to emerge. At least i hope it would.


  • Ede likes this

#19 JohnnyMch

JohnnyMch

    Member

  • Members
  • PipPip
  • 20 posts

Posted 09 June 2016 - 05:53 AM

From what I can tell binary options will never be wiped out. Everything happening now happened when forex trading first emerged. The BO industry is being heavily regulated and looked upon like never before and its maturity date still lies well ahead, and this moves to our advantage as BO traders. The thing I always look for is a decent broker with a reliable reputation and a strong history, offering not only binary options trading but also forex, CFDs and other instruments that could generate income for the broker without it playing against the trader. Spreads and commission on deposit is never a bad thing to me. In order to be on the safe side, always look for these kind of brokers until regulators and time sort everything out and filter the bad ones.


  • Ede likes this

#20 adalinelively

adalinelively

    Member

  • Members
  • PipPip
  • 13 posts

Posted 21 June 2016 - 03:57 AM

Also Center for Regulatory Relations in the financial markets in Russia didn't add binary options in the new gambling law, so bo can have some problems in Russia


Binary options trading with the most reliable brokers at StockPair review. Try demo account.





0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users


USA REGULATION NOTICE: There are many binary options companies which are not regulated within the United States. Most of these offshore companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA).

It is our STRONG opinion that you do not operate with any unregulated brokerage firm as they may steal or try to scam you out of every dime you have. Please take notice that any unregulated trading activity by U.S. Citizens should be considered unlawful.

Risk Disclosure: Binary Options Edge does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in trading binary options are high and may not be suitable for all investors. Binary Options Edge doesn't retain responsibility for any trading losses you might face as a result of using the data hosted on this site. The data and quotes contained in this website are not provided by exchanges but rather by market makers. So prices may be different from exchange prices and may not be accurate to real time trading prices. They are supplied as a guide to trading rather than for trading purposes.