ASIC confirms Binary Options ban extension to 2031
ASIC’s Binary Options ban has been fully effective in preventing retail clients from losing money trading binary options in Australia.
ASIC’s Binary Options ban has been fully effective in preventing retail clients from losing money trading binary options in Australia.
ASIC plans to extend its product intervention order banning the issue and distribution of binary options to retail clients.
ASIC will assess the effectiveness of the product intervention orders for CFDs and binary options in reducing harm.
Australians lose in the range of $500 million annually to Binary Options brokers, with about 4 in 5 retail traders losing money.