Exclusive: Israeli Regulations Lead to SpotOption Halting Binary Options Activity

[kreslik.news]

Binary Options, once a major part of the financial trading industry, continues to decline. Finance Magnates has learnt that SpotOption, one of the leading providers of binary options platforms, is to close all binary options-related activities in the coming months in Israel, as part of a dramatic series of changes undertaken in an attempt to keep pace with the evolving regulatory framework.

Concurrently, the company will continue shifting its focus to other trading mechanisms.

During the last few days, SpotOption clients have received announcements telling them to either terminate their account with the proprietary platform or to shift the subscription to alternative ... (read more)