FCA slaps permanent ban on binary options
Post-Brexit, the regulator’s ban on the sale, marketing and distribution of binary options to retail investors in the UK will replace Esma’s rules
The Financial Conduct Authority (FCA) is imposing a permanent ban on the sale, marketing and distribution of binary options to retail investors in the UK.
The new rules, which will take effect on April 2, are a response to “widespread concerns about the inherent risks of these products and the poor conduct of the firms selling them”, the UK regulator said, adding that consumers had suffered large and unexpected trading losses.
Binary options pay out all or nothing, depending on whether the
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