2017, The End of BO?

markbaxtermarkbaxter Posts: 45
edited February 2017 in General
There is too many sad stories, scam brokers, fake robots, thieves...... France and Belgium already ban BO. To be honest I am pretty sceptical about the future of BO.

http://www.timesofisrael.com/fbi-eu-fraud-authorities-hold-emergency-summit-on-binary-options-fraud/

So, what do you think? Will 2017 be the end of binary options?

Comments

  • kudorsLVkudorsLV Posts: 36
    So now, if my account is created while im in Latvia and software (iqoptions) are downloaded in Latvia from latvian ip adress, i cant trade in Belgium and France anyway?
  • markbaxtermarkbaxter Posts: 45
    edited February 2017
    Sorry I don't know what these bans means.. I believe you can trade via browser using VPN... I really don't know.. ask IQ Option..

    Anybody here from France or Belgium?
  • The_Geek_MHThe_Geek_MH Posts: 596 mod
    FRance didn't ban Binary options, only advertising them, you can still trade it is legal in the EU, it's the scams marketing and fraud they are targeting.
  • Blue Sky BinaryBlue Sky Binary Posts: 157 ✭✭
    edited February 2017

    FRance didn't ban Binary options, only advertising them, you can still trade it is legal in the EU, it's the scams marketing and fraud they are targeting.

    Hello,

    This is what is important to focus on. The bans do not mean citizens cannot trade them, it simply means companies cannot advertise to those citizens in those countries that issue the bans.

    Binary Options will consolidate before it grows again; the right way. Brokers like Binary.com and Marketsworld and a handful of others that are regulated (properly regulated not CySEC), most likely will grow as they soak up excess demand.

    Think about it, why does a Binary.com, ETX, MW, Optie need to shut down because of these bans? Your local bucketshop out of Israel may need to shut down owing to an inflated cost-base, dubious client engagement practices, the ISA cracking down on them and their inability to advertise in their usual hunting ground jurisdictions like Canada/EU etc, but the world's a big place and binary options are a very enticing asset class to make money in.

    Team BSB
    Blue Sky Binary - Research, Education & Technology. Signal Hive - The No.1 Binary Signals Marketplace.

  • paveljablonpaveljablon Posts: 132
    edited February 2017

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  • OkaneOkane Posts: 1,266 admin
    edited February 2017

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    Not sure why mods are not deleting this?
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