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Re: ESMA bans binary options, sets restrictions on CFDs for retail clients

Posted: Tue Apr 17, 2018 11:25 pm
by mlawson71
Binary options are getting banned from everywhere. Almost a year after Apple banned their apps from iOS now Google is banning them from their Google Play store too.

In March, 2018 Google also changed its Adwords Advertising Policy, which includes ban on any ads for binary options. The ban also covers Adwords for initial coin offerings (ICOs), crypto-exchanges, cryptocurrency wallets, and cryptocurrency trading advice.

Re: ESMA bans binary options, sets restrictions on CFDs for retail clients

Posted: Thu Apr 19, 2018 1:20 am
by LazarR
I think soon this will be a common practice all over social media networks.

Re: ESMA bans binary options, sets restrictions on CFDs for retail clients

Posted: Sat Apr 21, 2018 12:13 am
by mlawson71
LazarR wrote: Thu Apr 19, 2018 1:20 am I think soon this will be a common practice all over social media networks.
Do you think Twitter will issue such a ban too?

Re: ESMA bans binary options, sets restrictions on CFDs for retail clients

Posted: Fri Apr 27, 2018 12:46 am
by LazarR
Hey mlawson71,
I am not active on twitter, i.e. not very familiar with their policies. As far as I have seen on the web, they already banned crypto adds, so IMO respective ban on binary options would be a logical step.

Re: ESMA bans binary options, sets restrictions on CFDs for retail clients

Posted: Mon Jun 04, 2018 11:45 pm
by FrancoisT
ESMA adopts final restrictions for BO and CFDs offering:
https://www.esma.europa.eu/press-news/e ... ry-options

Basically after July 02 - BO offering should be stopped in the EU, while CFDs restrictions over leverage should be placed starting for August 02.
Initial period would be 3 months and ESMA may increase the period if needed.
So I believe we would monitor interesting behavior among Brokers during coming months in attempt to hold more clients :)

Re: ESMA bans binary options, sets restrictions on CFDs for retail clients

Posted: Thu Jun 07, 2018 9:15 pm
by LazarR
I won’t miss Binary Options at all. But these restrictions might force the brokers to be creative and introduce some kind of products which are not influenced by the leverage cap. Let’s see, exciting times ahead.

Re: ESMA bans binary options, sets restrictions on CFDs for retail clients

Posted: Tue Jul 10, 2018 9:34 pm
by FrancoisT
I look forward to see how on August the EU regulated brokers will change their trading conditions :)

Re: ESMA bans binary options, sets restrictions on CFDs for retail clients

Posted: Wed Jul 11, 2018 12:45 am
by mlawson71
Guys, keep in mind that following the ESMA mandate CySEC also also issued new guidelines regarding the cryptocurrency products offered by the plethora of brokers overseen by them and lowered the leverage to 1:2.

Re: ESMA bans binary options, sets restrictions on CFDs for retail clients

Posted: Thu Jul 12, 2018 10:43 pm
by FrancoisT
Yea, I think this totally will be the end of the crypto-trading :) Do you trade crypto Mlawson ?

Re: ESMA bans binary options, sets restrictions on CFDs for retail clients

Posted: Thu Jul 12, 2018 11:19 pm
by Krelian99
FrancoisT wrote: Yea, I think this totally will be the end of the crypto-trading :) Do you trade crypto Mlawson ?
You mean Crypto-CFDs. Yeah, but who traded it? They all waited for the BTC Futures. You will be able to trade Cryptos as now. The blockchain is a technology that is too interesting for all.