Imagine you could go to your local TAB or a sports betting agency to make a $100 bet and were told you have to pony up 50 cents and pay the rest only if you lose. Well, that same principle applies in the world of high finance, with hundreds of thousands of Australians effectively punting…
Former binary options broker Banc de Binary reached a 300,000 euro ($335,408) settlement with the Cyprus Securities and Exchange Commission earlier this year. The regulator released a statement on Wednesday saying that it had agreed to the settlement in March of this year. According to that statement, the broker allegedly infringed upon a number of different regulatory standards. CySEC…
Another week has passed on the cryptocurrency and forex markets. Banks in the United Kingdom reportedly cut ties with Coinbase, and Plus500 revenues plummeted in the first half of 2019. Keep up to date with all this and more in our best of the week segment. This week, Finance Magnates reached out to the Financial Action…
Binary options fraud flourished in Israel for years before the industry was gradually outlawed by the Knesset, which first made binary options illegal only for Israeli investors. Finally, in 2017 the Knesset managed to ban the sale of binary options altogether (with a three month grace period). The legislation followed superb investigative reporting by…
Boasting of ‘ruining lives,’ Florida’s Michael Shah allegedly sent traffic to Israeli-run binary options sites including LBinary, TraderXP, Trade Rush, Banc de Binary, OptionRally
