FCA May Bring Binary Options Under its Remit by January 2018, Enquiries Grow

[kreslik.news]

Binary options made up 17 percent of the 106,800 enquiries to the FCA’s consumer contact centre between December 2015 through November 2016, according to the regulator’s most recent data on the UK’s investment products.

Enquiries about binary options products was the largest category of contact to the FCA’s centre in the last year. More specifically, consumers have been contacting the UK watchdog about several product types within the binaries category including shares (14%), Forex (13%) and bonds (10%). In addition, the regulatory status amounted to 55% of total inquires. Typically, consumers were checking to see if the firm is authorised and ... (read more)