FX MARKET WATCH
The problem is that there’s a fine line between binary options and a casino or other modes of gambling which makes it hard to argue against an individual’s free will to wish to use such a product. Binary products have been around ever since online trading became established back in the early 2000s and there is still a demand for it, so it certainly has a place however, the alignment of binary options to financial markets means that the scrutiny and restrictions being put in place are arguably justified to help protect investors.
But there’s a flipside to this coin and the regulators will never be able to
increase the
they shouldn’t be putting reputable CFD and FX brokers in the same boat as binary option providers, as evidenced by the FCA’s comment on the binary market above. This is very welcome as those brokers that genuinely have their interests aligned with their clients should
their expensive courses. Education is an area that would also benefit from regulatory scrutiny and raise the standards of these so-called investment ‘experts’.
The world of online trading has come a long way since the internet boom back in the early 2000s. Copy or social trading is another area that has seen c o n side r ab le evolution over the years, along with its own r e g u l a t o r y ch a l le n g es, but
the most
protections for everyone all the time. So we will not see the end of binary option providers and their marketing tactics. If they have not already done so, they are already setting up in other jurisdictions and attracting customers from jurisdictions that have banned the marketing of these products.
Regulators are starting to see that 52 FX TRADER MAGAZINE April - June 2017
Regulators are starting to see that they shouldn’t put reputable CFD and FX brokers in the same boat as binary option providers
be encouraged by regulators to do more to help educate investors about the risks and rewards of trading, assisting in making them better traders. But education needs to be monitored as well and there are plenty
of self-styled trading
‘gurus’ that claim to be able to teach you the art of investing and even promise you riches if you buy one of
Summer Xu
Founder and CEO TigerWit
recent $27m investment in to broker eToro made, in part, by China’s Ping An Ventures, is a landmark event for the industry. China is likely to play a key role in shaping the future of the
industry as more and more brokers emerge with innovative trading and investing solutions. You could almost say that online trading was pioneered in the West, but is being fine-tuned in the East.
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