FCA Takes Charge of Binary Options, Warns Against Crypto CFDs

[kreslik.news]

The UK FCA has issued a communique highlighting that it is taking over the regulation of binary options starting from 2018. The companies that are operating in the industry will no longer be required to be licensed by the UK’s gambling commission.

Cryptocurrencies are also subjected to criticism by the FCA. The watchdog is highlighting that the sharply fluctuating prices of cryptocurrencies are extremely dangerous for consumers. Highlights include the high leverage that some companies are offering, amounting to up to 1:50 in some cases.


Binary Options Toxicity

According to the FCA, there are major concerns associated with ... (read more)