Binary options belgium

Binary Options Belgium

 

binary options belgium

Belgium Bans OTC Forex, CFDs and Binary Options, Including from EU Brokers. The Belgian watchdog says these products are “marketed aggressively and are extremely risky, often involving transactions over a very short period and without any connection to the real economy.” By completely banning them, the FSMA will stop traders from working with FX, Author: binary options belgium GOptions is a binary options brokerage catering to both newcomers to the world of binary trading as well as veteran traders of all types. The company boasts same Sep 13, · It seems as though Belgium has finally had it with binary options, brokers, forex, /5(). In August of , the Financial Services and Markets Authority (FSMA) of Belgium banned binary options in Belgium. In practice, this would mean that that trading binary options in Belgium is illegal, both for the company “selling” it, and the investor “buying” in. Banks and processors that facilitate payments to these companies, even if the company is not in Belgium, would likewise be breaking the .


Belgium Bans OTC Forex, CFDs and Binary Options, Including from EU Brokers | Finance Magnates


Belgium is the first European country to outlaw the offering of binary options to its citizens, and only the third country in the world to do so, after the United States which permits binary options trading only on domestic, regulated exchanges and Israel. The ban became law on August 8 and will go into effect on August In reality, however, these are products that are marketed aggressively and are extremely risky, binary options belgium, often involving transactions over a very short period and without any connection to the real economy.

Companies that offer leveraged forex and CFD trading will also be banned from approaching Belgians. If the dollar, say, goes down by one percent, even for a fraction of a second, the trader can lose all their money.

The company sells their position at a loss and closes it. On the other hand, if binary options belgium dollar goes up by 1 percent, the trader can double his money. However, statistics being what they are, a highly leveraged client will often be wiped out quickly. Too many complaints A spokesman binary options belgium the FSMA told the Times of Israel that the decision, unprecedented in Europe, to bar overseas binary options firms from approaching its 11 million citizens, came about after the Belgian regulator received a growing number of complaints from Belgians regarding binary options and forex companies.

Init received complaints, binary options belgium, in the number increased to and in the first half of it received complaints.

So far, Belgians who have come forward have lost approximately 6 million euros to binary options and forex fraud, the spokesman said, binary options belgium, while stressing this figure is probably the tip of the iceberg. France recently announced it plans to ban all electronic advertising, including online, television and radio, of binary options and forex products. It has not yet taken the step of banning them entirely.

This regulation will help combat such offers. In addition, Rodeler is required to make contact with all of its Belgian customers to offer them the binary options belgium to terminate their contracts and be reimbursed their current account balance. Owned by Israelis, Rodeler calls clients from its call center in Israel under the company name Betamedia. The Israeli connection While the FSMA did not wish to speak on the record about the Israeli connection to binary options and forex fraud at this stage, Shmuel Hauser, binary options belgium, Chairman of the Israel Securities Authority, binary options belgium, told The Times of Israel in an interview last week that the ISA has been approached by the Belgian regulatory authorities in the past year about binary options firms operating from Israeli territory.

There are more than brands operating from Israel, employing thousands of Israelis, defrauding customers out of an estimated billions of dollars per year. While local binary binary options belgium firms have now been banned by the Israel Securities Authority from targeting Israelis, they are still free to target people abroad. We also refer victims to Cysec and the financial ombudsman in Cyprus.

 

Belgian Binary Options Brokers and trading Explained

 

binary options belgium

 

In August of , the Financial Services and Markets Authority (FSMA) of Belgium banned binary options in Belgium. In practice, this would mean that that trading binary options in Belgium is illegal, both for the company “selling” it, and the investor “buying” in. Banks and processors that facilitate payments to these companies, even if the company is not in Belgium, would likewise be breaking the . Belgium is the first European country to outlaw the offering of binary options to its citizens, and only the third country in the world to do so, after the United States (which permits binary. binary options belgium GOptions is a binary options brokerage catering to both newcomers to the world of binary trading as well as veteran traders of all types. The company boasts same Sep 13, · It seems as though Belgium has finally had it with binary options, brokers, forex, /5().