Dutch authorities ban binary options permanently

M

mlawson71

The Dutch Financial Markets Authority (AFM) announced that as of 19 April 2019 the CFD restrictions, adopted by the European Securities and Markets Authority (ESMA) last year will be made permanent.

In that way AFM joins the Financial Conduct Authority (FCA) in the UK, which introduced a permanent ban on all binary options, trading bonuses and unrestricted leverage trading on the 2nd of April, 2019.

Earlier this year the German regulator BaFin and the French Autorité des Marchés Financiers (AMF) also announced that will make the ESMA rules permanent, instead of renewing them every 3 months.
 
As a former market maker in options I only can applaude this banning of binary options. The odds aren't anything like plain vanilla options and even there it's allready hard enough to make money with directional plays.
 
Applaud the gov stepping in to tell us what a rip off is...not me...everyone must pay the price to learn from their own behavior...
 
cvds16 said:
As a former market maker in options I only can applaude this banning of binary options. The odds aren't anything like plain vanilla options and even there it's allready hard enough to make money with directional plays.
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Absolutely, but.

Digitals are a huge legitimate (OTC/interbank) market. This narrow construct of *offering only* ATM binaries is where it needs to be stopped.
 
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cdcaveman said:
Nothing like the government stepping in to "help".
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In 2010 I learned how to make money from day trading stocks, but was effectively prohibited from doing so by the USA’s pattern day trading statute (FINRA Rule 4210) because I didn’t have a $25,000 trading account. Now that I just figured out how to milk NADEX of daily profits via binary options, I hope they don’t cut off yet another one of the few lucrative vehicles us small guys have available to us for generating a consistent independent/supplemental income.

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It seems like every time I find a way to make a buck, the government comes butting in to somehow regulate it out of existence.
 
Denmark just followed suit.

According to the Danish Financial Supervisory Authority (FSA) many retail investors in Europe lose money with binary options which currently are offered online mainly by offshore companies without a license.
 
expiated said:
In 2010 I learned how to make money from day trading stocks, but was effectively prohibited from doing so by the USA’s pattern day trading statute (FINRA Rule 4210) because I didn’t have a $25,000 trading account. Now that I just figured out how to milk NADEX of daily profits via binary options, I hope they don’t cut off yet another one of the few lucrative vehicles us small guys have available to us for generating a consistent independent/supplemental income.

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It seems like every time I find a way to make a buck, the government comes butting in to somehow regulate it out of existence.
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Like some of us have told you a number of times, Nadex is a CFTC regulated exchange. It is in no danger of getting "cut off" and you have already been "cut off" as a U.S. citizen from the offshore bucket shop binary shops for years, long before you started trading.
 
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