Following Binary Options, Will EU Regulators Focus on Forex and CFDs?

[kreslik.news]

Reported on Thursday was a circular about fair trading practices related to binary options that was sent by CySEC to entities under its jurisdiction. The circular came days after ESMA had released an inaugural Q&A paper on how speculative products facing retail customers such as CFDs, forex and binary options fit within MiFID rules.

Part of the MiFID rules accepted by the EU and enforced by individual country regulators is the obligation of brokers to act “honestly, fairly and professionally in accordance with the best interests of its clients, to take all reasonable steps to ... (read more)