Google play no longer allows binary options apps

M

mlawson71

Almost one year after Apple banned options apps for iOS devices Google also updated its developer policies and banned binary options apps from the Google Play Store for Android devices. The online giant's move is what seems the final nail in the coffin for these controversial fiancial instruments.

In March, 2018 Google also changed its Adwords Advertising Policy, which includes ban on any ads for binary options. The ban also covers Adwords for initial coin offerings (ICOs), crypto-exchanges, cryptocurrency wallets, and cryptocurrency trading advice.
 
gkishot said:
Why is it their business? Some of the binary options brokers are totally legit.
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https://www.timesofisrael.com/israe...-industry-finally-closing-vast-10-year-fraud/

Israel banned them partly after a devastating documentary came out showing how the industry is riddled with criminals and the work of several individuals.

Some customers were allowed to withdraw normally in order to garner opposing voices/reviews to the droves who were scammed and blocked from accessing their money.

Many of the original Israeli players/scammers have moved to Romania, Hungary as there is too much money involved. Probably some morphing the model into Forex to confuse regulators.

The typical consumer can't know which is good and which is bad. There have been many associated suicides etc.


 
It's even worse. Even a legal, CFTC approved binary options market place is rigged, in a different way...with very high spreads (aka Nadex).
 
kevinkdog said:
Really? Which ones? I'd be wary of any broker not trading with a regulated exchange like Nadex, and even that one is tough (high execution costs).
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That's your personal judgement. Why should google decide for you? How would you even know they exist w/o the ads?
 
I encountered a binary options business guy in Bogota. He was in the rooftop bar/club in the hotel.

Pure psychopath/sociopath. He opened up a little as I am a futures trader and explained that he knew it was pointless to try and sell me so he was happy he could just relax as he "never misses an opportunity, his work ethic won't allow it."

He was genuinely proud of learning Spanish so he could exploit naive South Americans with his new binary options business.

In the end, retail binary options is for suckers and psychos it seems.

If there are legit ones, please list them.
 
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