IMPORTANT UPDATE AND WARNING:

We have recently received complaints and read many negative reviews on the internet about regulated binary options brokers using indecent practice towards traders. Although some binary brokers may be regulated, we do not recommend opening a trading account with ANY broker, be it a regulated broker or a non regulated broker, as THEY ALL seem to be unethical and non-trustworthy, even the regulated ones! If you have been scammed by such a company you can check out our RECOVER FUNDS FROM BINARY SCAMS section.

Also, instead of trading binaries which are mostly scams, you can trade with a trustworthy and popular FOREX broker such as TradeFred. If you are looking for a one of a kind live trading room we also recommend Trademy trading academy.



Dutch Regulator (AFM) Joins Binary Options Ban and Restricts CFDs Trading

The Netherlands Authority for the Financial Markets has released an update regarding national measures on prohibition of Binary Options trading in the Netherlands and also restricting the marketing, distribution or sale of CFDs trading to retail investors.

The ESMA Made Similar Prohibitions Recently:

  • Binary Options – from July 2, 2018 – a prohibition on the marketing, distribution or sale of binary options to retail investors.
  • CFDs – from August 1, 2018 – a restriction on the marketing, distribution or sale of CFDs to retail investors. This restriction consists of: leverage limits on opening positions; a margin close out rule on a per account basis; a negative balance protection on a per account basis; preventing the use of incentives by a CFD provider; and a firm specific risk warning delivered in a standardised way.

The AFM informed last month that it was going to make certain changes regarding the marketing, distribution or sale of Binary Options and CFDs to retail investors in and from The Netherlands.

As of last Friday (19 April 2019):

  • the marketing, distribution or sale of Binary Options to retail investors in and from The Netherlands is prohibited;
  • the marketing, distribution or sale of CFDs to retail investors in and from The Netherlands is restricted.

These measures are applicable to investment firms based in The Netherlands as well as to investment firms from another EU member state active in The Netherlands trough a branch or by means of the European pass porting regime.

Other than ESMA’s measures, the AFM’s product intervention measures are permanent and the AFM is one of the first European supervisors to introduce these national measures.