The FCA estimates here the permanent ban on binary options could save retail consumers up to 17 million pounds ($ million)per year, and may reduce the risk of fraud by unauthorised entities FCA confirms permanent ban on the sale of binary options to retail consumers. Following consultation feedback, the Financial Conduct Authority (FCA) is today confirming all firms acting in or from the UK are prohibited from selling, marketing or distributing binary options to retail consumers This is not an April fools joke: the FCA has announced that it will permanently ban UK regulated companies to sell binary options as of April 2, Going further than the “permanent temporary ban” of the European Union, the British regulator with totally ban from selling, marketing or distributing binary options trading product
What is the impact of the FCA's ban on binary options?
By Reuters Staff. ESMA also has temporary curbs on contracts for difference CFDs. Regulators have expressed concern about how these inherently high-risk speculative products are offered to retail investors, potentially leading to significant losses.
Binary options allow people to bet on whether the price of a share, currency or index will go up or down within a certain timeframe. CFDs give an investor exposure to price movements in securities without owning the underlying asset.
The FCA ban goes further by including so-called securitized binary options, which are no currently sold in or from Britain. The watchdog said it wants to prevent a market being developed. Graphic: CMC Markets and rivals face tighter regulation - tmsnrt. The main providers whose shares have been hit by the crackdown include IG Group, Plus, and CMC Markets. Graphic: UK online trading platforms feel pinch from regulation, binary options uk ban, low volatility - tmsnrt.
Interactive graphic tmsnrt. Our Standards: The Thomson Reuters Trust Principles. Banks Updated, binary options uk ban. By Reuters Staff 3 Min Read. Reporting by Noor Zainab Hussain in Bengaluru, editing by Louise Heavens. binary options uk ban for-tablet-portrait-up for-tablet-landscape-up for-desktop-up for-wide-desktop-up.
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, time: 21:01Binary options in UK : total ban as of April 2 - Digital Options
(Reuters) - Britain's financial watchdog said it will permanently ban the sale of complex derivative products to retail customers from Tuesday to protect them from large and unexpected trading losses The FCA estimates here the permanent ban on binary options could save retail consumers up to 17 million pounds ($ million)per year, and may reduce the risk of fraud by unauthorised entities For UK investors, trading with binary options is a tax free form of investment with very quick results – minutes rather than months or years. The word binary is used because there are just two possible outcomes – either the trade is successful, and the investor gains a significant return (usually between 75% to 95%) – or the trade is unsuccessful, and the full investment amount is lost
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