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UK’s FCA to regulate binary options brokers from 2018

Posted: Sat Nov 18, 2017 2:12 am
by mlawson71
UK’s Financial Conduct Authority (FCA), which is in charge of the financial markets and financial services providers in the country, including forex and CFD brokers, announced that from January 3, 2018 it is taking over the regulation of the binary options brokers, as well. Until now, the binary options companies in Great Britain were overseen by the Gambling Commission.
The new state of things would mean that the binary options brokers will be authorized and supervised by FCA, individual complaints will have to be referred to the Financial Ombudsman Service and consumers will have access to the Financial Services Compensation Scheme.

Re: UK’s FCA to regulate binary options brokers from 2018

Posted: Tue Nov 21, 2017 1:20 am
by FrancoisT
That would open a room for tight measures for the BO trading and next would be ban - maybe :)

Re: UK’s FCA to regulate binary options brokers from 2018

Posted: Thu Nov 23, 2017 8:01 pm
by bonifaas_abe
This is good but, unfortunately in my opinion no amount of regulation could diminish the forces which make the world go round – the greed and the fear.And there will always exist unscrupulous fraudsters who will exploit this greed…