Sponsorship deal between southampton fc and banc de binary is off
In addition, the brokerage did not fully inform clients about the risks involved in trading binary options. Their main mistake — soliciting US clients under false pretenses. Furthermore, the CFTC had already discouraged trading of binary options, but the company had gone around these restrictions. All current clients have been advised to withdraw their money from their accounts, and after this is done, the board will make the final arrangements.
Brokerages dealing with binary options in Israel have been on the rise lately, and the Israeli financial regulators are in the process of creating legislation banning the industry.
At the moment, there is already legislation in parliament awaiting approval to this effect. The reason behind this is the increased trading of binary options worldwide with very little returns. Several lawyers from the UK have also launched accusations against such brokerages claiming their clients lost a lot of money. This is one of the reasons the CFTC has already issued warnings against trading binary options, and now other countries are seeking to either ban or regulate the trade.
Stay up to date with the financial markets everywhere you go. Binary Industry Top Stories. Legal troubles The company was doing well — it had plenty of clients from all over the world, hundreds of employees and soaring revenues. Comments 5 comment s Click here to cancel reply. Leave a comment Simon Lai. I just login and try to do some trading but without any success.
Can someone help me out. I have the same problem. They responded to my live chat to say request withdrawal of funds.
Another interesting aspect to this story is that Banc de Binary is one of the founding organizations of the group, which will likely be named the European Brokers Association. When searching for information about binary options it is easy to become overwhelmed quite quickly.
Binary options trading entails significant risks and there is a chance that clients lose all of their invested money. Past performance is not a guarantee of future returns. This website is independent of binary brokers featured on it. Before trading with any of the brokers, clients should make sure they understand the risks and check if the broker is licensed and regulated.