Exclusive: Unregulated Binary Options Brokers Using Old Tactics From New Places

[kreslik.news]

When the binary options industry was started several years ago, it was slowly gathering speed as a hybrid between financial trading and gaming. The amount of deposits which the companies were attracting was not small, but not too large either. Clients were mainly using the product to test their luck and losing their funds didn’t lead to a disruption of their livelihoods.

This all changed once the firms started aggressively marketing their product as an “investment”. Deposits grew in size and the regulators of binary options firms, namely the Cyprus Securities and Exchange Commission (CySEC), started to look at the practices ... (read more)