Binary options legal
English Binary Options Trading Litigation Team Giambrone issues a stark warning to investors in binary options: the lack of regulation of binary option trading Binary Options brokers operate online trading websites through which customers can buy or sell binary "call" or "put" options, predicting whether the price of a certain commodity will go up or down in a binary options legal time period.
Usually, binary options allow consumers to speculate on the short term movement in the price of a stock, commodity, currency, index, or just about anything that is capable of being measured in financial terms.
There are currently no legal requirements for the binary options firms to set out such disclaimer on their website and therefore most investors proceed with purchasing binary options investments in the incorrect assumption that they are dealing with a UK regulated firm, which is not the case.
CySec regulation, in any event, does not prove to be sufficient protection for consumers. The restrictive powers of CySec mean that they cannot order the broker companies to re-pay funds to investors.
Instead, CySec tend to issue administrative fines only. Giambrone will continue to fight vigorously for the protection of customers and to ensure the wrongdoers are held accountable.
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