ASIC seeks the feedback on its proposed product intervention orders by 1 October The official consultation paper Product intervention: OTC binary options and CFDs can be seen here. More on CFDs and binary ban can be seen below. 8/25/ · ban the issue and distribution of OTC binary options to retail clients, and impose conditions on the issue and distribution of OTC CFDs to retail clients. ASIC Commissioner Cathie Armour said, ‘For many years ASIC has taken strong action to protect consumers of binary options and CFDs, using the range of regulatory tools available to us. 8/22/ · Asic data released on Thursday shows that about a third of investors in binary options or CFDs have an income of less than $37, a year. Investors lose about $m a .
The Time Has Come: ASIC Proposes Binary Ban & CFD Restrictions |
Many financial experts in the Australian market predicted that this would eventually happen and turns out they were right. This was revealed in a consultation paper that ASIC published recently, asic binary options ban. The proposal for OTC binary options is to completely ban their issue and distribution, asic binary options ban.
The main reason for this is that ASIC is very worried about how risky they can be for Australian retail investors. Several investors have already suffered heavy losses due to the risks associated with binary options and preventing more losses is one of the reasons why the ban has been proposed.
Asic binary options ban includes leverage limits and increased transparency when it comes to CFD operations. Automatic close-outs are also implemented to stop investors from losing more money.
The big difference is that ASIC is thinking of using different leverage limits. In Australia, currency pairs will all be traded at Other contracts will have varying limits. Equity indices will have a ratiowhile commodities trading will be traded at except for gold.
Gold has a unique The remaining leverage limits are crypto-assets at and equities at For many years ASIC has taken strong action to protect consumers of binary options and CFDs, using the range of regulatory tools available to us. However, we are concerned that consumers continue to suffer significant harm from trading these products.
Armour points out that a complete ban for binary options is the best choice since that it prevents Aussies who are turning to fx trading from losing money. She is of the opinion that binary options are more like gambling than an asic binary options ban investment and should be banned.
The consultation paper is not final though. It was released to get feedback on the proposals. Riya will providing you an insight in today's forex marketswhich currencies are performing well and which ones look to be on the way down. The euro fell against its peers in in in in the European sitting on Wednesday, after the European Central Bank. Forex News 2 years ago.
Forex News 4 years ago. News 2 years ago. Close Window Loading, Please Wait! This may take a second or two. We use cookies to ensure that we give you the best experience on our website. I Agree.
Special Report: ASIC and CMC Markets Ignore Significant Consumer Detriment RE: CFD \u0026 Binary Options
, time: 6:11ASIC proposes CFDs restrictions and Binary Options Ban
8/22/ · Asic data released on Thursday shows that about a third of investors in binary options or CFDs have an income of less than $37, a year. Investors lose about $m a . 8/23/ · The Australian Securities and Investments Commission (ASIC) has unveiled a proposal to place restrictions on both contracts-for-differences (CFDs) and over-the-counter (OTC) binary options. This was revealed in a consultation paper that ASIC published recently. The proposal for OTC binary options is to completely ban their issue and distribution. The Australian Securities and Investments Commission (ASIC) has proposed a ban on the sale of binary options to retail clients and to restrict the sale of contracts for difference (CFDs). In a consultation paper issued today, the regulator said it was concerned that retail investors had suffered, and were likely in the future to suffer.
No comments:
Post a Comment