7 Binary Options – Binary Options Regulations

1. Regulated Forex Scams? You Bet

Yes, Regulated Forex Brokers Commit Scams

When one typically hears the phrase “forex scam” one automatically assumes that it is being perpetrated by an unlicensed or unregulated forex broker. For the most part, that assumption is correct. All you have to do is a quick google search and you will find numerous articles detailing reprehensible acts committed by unregulated forex and binary options brokers. However, there have been numerous instances of regulated forex brokers skirting the rules.

Not all regulated brokers are trustworthy

Unfortunately, there are numerous regulated forex brokers that have defrauded unsuspecting clientele as well. Last year on the CFTC slapped a $7 million fine on Forex Capital Markets (FXCM) in a civil monetary penalty for engaging in fraudulent and misleading solicitations, spanning from September 4, 2009, through at least 2014.
Additionally, the CFTC emphasized that FXCM had misrepresented that its ‘No Dealing Desk’ trading platform had no conflicts of interest with its clientele. Instead of running a true ECN execution platform where trades are performed directly in the interbank market, their clientele’s trades would be redirected to a Effex Capital LLC, which was originally designated to be an independent market maker but was, in reality, an extension of FXCM. Effex Capital would take very aggressive forex trades against the investors in order that they would lose and in return, FXCM would be the beneficiary of some very high kickbacks, which they received under the table from FXCM.

FXCM barred from the U.S.

Because of their duplicitous practices, the CFTC withdrew their regulation and FXCM was no longer allowed to service U.S. customers. Additionally, FXCM was caught by the FCA in yet another forex scam. They took away their investors’ positive swaps, causing them to only receive negative swaps. Surprisingly, the FCA did not remove their regulation.

Beware of OTCapital

OTCapital, forex broker regulated by ASIC has been swindling numerous investors. Broker Complaint Registry has received numerous complaints from those who have been victimized by their reprehensible practices. Complaints have ranged from not allowing clients to withdraw their earnings to never receiving a call back after they had deposited. Unfortunately, ASIC has not taken any action against OTCapital.

Protect yourself from a forex scam

Before you deposit money with a broker you must first make sure that the broker is regulated by an entity such as the CFTC, FCA, ASIC or the IIROC. Remember not all regulatory bodies are created equal. For example, if the broker that you are interested in has only a CySEC (Cyprus) regulation it would be wise to steer clear. Although they have gotten tougher on rulebreakers, CySEC is still lax in numerous areas.
Additionally, do your research. This means reading reviews, looking at various forums, and so on. It is not enough that the broker you are interested in has a regulation. You must vet them.
If you have fallen victim to a cryptocurrency scam, send a complaint to at [[email protected]](mailto:[email protected]), and we will do our very best to get into contact with you as soon as we can to initiate your funds recovery process. Visit www.fundsrecovery247.com for more information or Contact - [email protected] com.
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How to avoid a forex scam

Forex Trading – Is It Legitimate?

Forex (Foreign Exchange) is not a scam and certainly can be a credible and legitimate way of making money. However, whenever there are large sums of money involved, the shadier elements of society are never lagging. There are plenty of nefarious brokers that target novices, experienced traders and everyone else in between.
Forex scams are unfortunately common. At Broker Complaint Registry we have seen many forex, binary options and CFD scams emerge. Here are a couple of things to look out for whether you are an experienced trader or a complete novice.

Regulated Forex Broker?

The very first step to take to avoid becoming a victim of a Forex scam is to make sure you open an account with a regulated broker. There are many dominions that regulate Forex trading including the FCA in the UK, ASIC in Australia, and the CFTC and the NFA in the United States. Do not solely rely what is on the broker’s website. Check them out online and make sure they are regulated. It is simple to place a regulation on a website so use the resources available to you such as https://register.fca.org.uk/. Be sure to call the forex broker and find out who they are and what they do. Do not get pressured into opening an account unless you are 100% at ease.
However, merely checking to see whether the broker is regulated is not enough. There are numerous regulatory agencies such as CySEC that do not apply strict enough oversight and fail to implement harsh penalties for any brokers that violate their rules.

Guaranteed ROI

Any broker that guarantees a return on investment (ROI) is a surefire scam. For example, a “broker” may be approached to invest your money with an organization that will trade on your behalf and promise yearly or monthly returns for as long as you keep investing with them. Many of these con artists promise 40-50 % of your invested capital guaranteed PER MONTH. These “returns” are absolutely unsustainable and almost always involve other investors continuing to add money to the pot. This is called a Ponzi scheme. Remember Bernie Madoff anyone?
Forex trading is risky and while there are plenty of individuals who can consistently earn money trading, no one will say it is a guarantee.

Fund Withdrawal

If the forex broker or account manager tries to prevent you from withdrawing your funds or your return on investment, then you know that it is a forex scam. There is absolutely no reason that it should take anymore than a few business days for your money to be returned. Even some regulated brokers have refused to allow their clientele to withdraw. Take OTCapital as an example. They are regulated by ASIC, but Broker Complaint Registry has dealt with numerous individuals that have been unable to withdraw their funds.
What to Do if You Have Been Scammed
If you have fallen victim to a cryptocurrency scam, send a complaint to at [[email protected]](mailto:[email protected]), and we will do our very best to get into contact with you as soon as we can to initiate your funds recovery process.
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Binary Options: A Sickening Scam

The Art of a Binary Options Scam

Binary options, fraudulent “trading products” that are designed to part prospective investors from their money are very different from real options. In essence, they are simply a bet that the price of a particular asset will rise in a given time frame. If you win the gamble, the company is supposed to pay a fixed payout, within the 70%-95% range. If you lose, however, you not only lose the “payout” but the initial investment as well.
If this was merely the case this would fall under the category of gambling, something that millions upon millions of individuals do recreationally. However, that is primarily not the case. With almost all binary options brokers you are “trading” against the broker and not the market. The broker wants you to lose, or else the company would not make a profit. Even if the broker pays out your winnings he can easily govern your profit with payout conditions. This means that even if you have a winning formula, the company will just decrease the payout, ensuring you ultimately lose in the long term.

There is more to the scam

That, unfortunately, is not where it ends. Numerous “brokers” are notorious for spreading fictitious stories about their clientele making gigantic profits with trading robots. Almost all of them manipulate their price curves to prevent you from winning. What’s worse is even if you do win, many of them refuse to pay out, and ultimately drop off the face of the earth (with your money).
Now clients are left in with a major dilemma. To whom do they turn? To the police? To regulators? The answer to these questions is that it depends. Most of these binary options brokers are not regulated and are located offshore, allowing them to do what they want. Often in their terms and conditions, they concoct various rules that ensure they keep your money once they have it. When it comes to regulators such as ASIC or the FCA they are relatively useless as they cannot shut down the actual binary options websites and to make it even worse search engines such as Google allow these websites to appear in their search content.

Shouldn’t the banks put a stop to this?

Yes, they should. However, the banks, which should be the number one line of defense against these scams either do not know the extent of the problem or are turning a blind eye to their nefarious activities. Additionally, in order to process credit card, debit card payments most of the binary options brokers have registered a small company in an E.U. country.

Recovery scams

Unfortunately, fraud encourages more fraud. Various individuals targeted U.S. citizens who were swindled by the now-defunct brokerage, Banc de Binary, and a few other binary options companies that were being sued by the SEC or the CFTC (Commodity Futures Trading Commission). They impersonated SEC officials as part of an advanced-fee fraud scheme in which they deceived victims into forwarding them money. Approximately 95 individuals were targeted by this despicable scheme and 25 of them sent 235 thousand dollars in total to these swindlers.
What to Do if You Have Been Scammed
If you have fallen victim to a cryptocurrency scam, send a complaint to at [[email protected]](mailto:[email protected]), and we will do our very best to get into contact with you as soon as we can to initiate your funds recovery process.
submitted by asaston to u/asaston [link] [comments]

Primer on Binary Options Recovery

Primer on Binary Options Recovery
A binary option is a financial option wherein the payoff is particular fixed money or nothing at all. There are mainly two types of binary options cash-or-nothing and asset-or-nothing binary options. The cash-or-nothing binary option pays some fixed amount of cash if the option expires “in the money.”
The asset-or-nothing binary option, however, only pays the value of the underlying securities. This option makes many people quickly lose money trading binary options. So what happens when you have lost money trading binary options?
Recover from Binary Options How to Recover from Binary Options Lost or Scam with a Verified Recovery Expert.
Have you been enticed to get entangled in trading binary options? Have you had any bad experience with binary options? Are you a victim of the famous binary options scam?
“How do you recover from binary options scam?”
It happens to lots of people, even professional, educated people and the elite. If you get swindled, the first thing to do is not to beat yourself up over it but act fast. More importantly, suicide is not an option, and we can always heal and recover from our loses once there is life.
An unfortunate story of an Australian man who got himself entangled in binary options lost a lot of money and had the third mortgage on his house with a lot of other debts. And then he ended his life.
There are a lot of somber stories of people who have lost it all to binary options and have no clue how to recover from binary options schemes and fake brokers.
Firstly it goes without saying, it’s better to prevent, investigating the business and doing background checks is very necessary before any investment. Here are some tips to help you.
  1. When investing, do proper research and make sure the broker you are working with has an appropriate regulation and licenses like ASIC, FCA, CySEC, CFTC, BaFIN, or other government regulators.
  2. Always make sure you don’t invest all of your money.
  3. Get wealthy quick programs are bound to lose more money, don’t fall for investments of such.
  4. Learn and do more research about the financial option you are planning to invest.
  5. Listening to your broker is another mistake, as they have lost peoples money in many instances, the reverse of a brokers advice might be doing you better.
  6. Check out the platform and use all their demo till you are skilled and never agree to add funds in a rush.
A lot of people have their first experience with binary options through a scam. Binary options trading scams are widespread, and recovering from binary options schemes might be very hard but not impossible. The binary options industry is steadily misused, and many scammers and thieves get away with a lot due to slack regulatory laws, shallow knowledge and negligence of victims. There are fake review websites that support and endorse these scams, so for a person with no trading experience, it is almost impossible to find the right path.
A lot of people are getting duped and losing their money to these schemes. They have assured an income, but in actuality, they take their money and lose it deliberately.
https://preview.redd.it/y9y274olp2j51.png?width=601&format=png&auto=webp&s=7e2f7c4667ae31cc5011c6a88713b111e14575b0
What to do if Scammed by Binary Options? The web has a lot of fraudulent binary options brokers. So once you realize you have been a victim of the scam, don’t panic! You will most likely go through guilting yourself and emotional distress. Your first step is to file a complaint to the customer services team. Always remember the risks involves in the trades, you can lose money as well as gain as much too. If you lose money or get scammed, you will be reminded of the risks.
Documenting all that has happened is very important. The world would be better if we did not have thieves and people who create scams aiming to steal from us. The best move anyone can make is to educate themselves about possible scams and the way they work because they are everywhere and to be intelligent in the decisions made by them and the information they provide.
These Con artists have found binary options a simple system to use their system to strip the money of unsuspecting casualties. This write-up will focus on educating you, on binary options scams and binary options scammers. If you have ever lost money to binary options, check for links below to hire a recovery organization to help you get your money back. Binary options investing can be an excellent way to make more money without having to do much, but when you are dealing with the wrong people, it can be a quick way to lose a massive amount of money. We believe when you are done reading this article, you will be able to determine the differences between reliable binary options systems and the scam artists.
Don’t forget that you must file a complaint to customer services of the respective platform you used, and it is the first thing to do when you feel spooked. All regulatory bodies have their procedure and steps, and they will also ask if you have filed a complaint. In few countries, it is required legally that the company gives you a case number which you can then use to file a complaint to securities and exchange commission.
It is also essential contacting your credit card company and bank fast so they can provide solutions such as chargeback for you. If you find that you get stranded and need help then get it to contact with a recovery expert, and your best bet is Assured Recover. They will undoubtedly be able to help recover all lost funds.
Also, be very careful with recovery rooms as they can even scam you as an easy vulnerable target.
Recover Losses made to Binary Options with Verified Recovery Experts. A few recovery companies that focus on lost funds and wealth recovery internationally. Some legitimate companies also claim they can help, but since there isn’t much of a right side to this, they usually fall short of their promise and client’s expectations.
Some chargeback companies offer a service to help, and some may be able to help. A significant number of people who have lost money to fake binary options companies like IQ options, VIPBinary, 24option, and other fraudulent binary options trading platforms/companies that have bad reviews and been accused of scams. Assured Recover has successfully helped customers who were scammed and to get their money back.
Here is a testimony how Assured Recover helped someone who got scammed by Trade Toro.
One wouldn’t think much of this, all I wanted to do was invest and be part of it, but the brokers weren’t truthful. They collected money from all in the name of investment, and when it was time to withdraw, I realized I couldn’t. At the time was when it occurred to me, I had been duped.
I consider myself to be one of the very few privileged ones as I was able to get all recovered from this scam Binary options brokers. Assured Recover is simply the best, and in less than 30 days all my funds including bonuses had been recovered, If your broker lost your funds trading Binary options, one of these verified recovery experts will help you get your funds back without any traces.
I’m pleased to let people know how I was able to recover part the money that I got cheated by Trade Toro, and I’d like to write in favor of Assured Recover. Assured Recover is your best bet when it comes to binary options recovery.
Binary options trading scams will make you lose money and also make you blame yourself for not being more careful. These Verified Recovery Experts offer binary options loss recovery service to everyone in need of such services. Here is the link to the original article, and how to recover money lost to binary options, forex, cryptocurrency etc.
submitted by Msatikul54 to u/Msatikul54 [link] [comments]

Binary Option

Hello. I'm binary option trader. Sometime i make good money but i cant control my emotion. Example : When i loss 10 USD after gain 100 USD i think that "OMG. How can i loss 10 USD." With this emotion i bet 30, 50 , or 100 USD to close the loss. But in this case i loss all my money. When i see market is bad , i'm searching for pretext to trade. I can't control my money and emotions. Have you got any advice for me ? Thank you all.
submitted by _socket_42 to wallstreetbets [link] [comments]

Binary Options Review; Best Binary Options Brokers

Binary Options Review; Best Binary Options Brokers

Binary Options Review; Best Binary Options Brokers
We have compared the best regulated binary options brokers and platforms in May 2020 and created this top list. Every binary options company here has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The broker comparison list below shows which binary trading sites came out on top based on different criteria.
You can put different trading signals into consideration such as using payout (maximum returns), minimum deposit, bonus offers, or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. This review is to ensure traders don't lose money in their trading account.
How to Compare Brokers and Platforms
In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from your country e.g. check US trade requirements if you are in the United States. Here at bitcoinbinaryoptionsreview.com, we have provided all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
  1. What is the Minimum Deposit? (These range from $5 or $10 up to $250)
  2. Are they regulated or licensed, and with which regulator?
  3. Can I open a Demo Account?
  4. Is there a signals service, and is it free?
  5. Can I trade on my mobile phone and is there a mobile app?
  6. Is there a Bonus available for new trader accounts? What are the Terms and
  7. conditions?
  8. Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
  9. Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices, and stocks – and how many of each?
  10. Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of the day, long term, etc?)
  11. How much is the minimum trade size or amount?
  12. What types of options are available? (Touch, Ladder, Boundary, Pairs, etc)
  13. Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
  14. Do they operate a Robot or offer automated trading software?
  15. What is Customer Service like? Do they offer telephone, email and live chat customer support – and in which countries? Do they list direct contact details?
  16. Who has the best payouts or maximum returns? Check the markets you will trade.
The Regulated Binary Brokers
Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option.
Regulators - Leading regulatory bodies include:
  • CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
  • FCA – Financial Conduct Authority (UK)
  • CFTC – Commodity Futures Trading Commission (US)
  • FSB – Financial Services Board (South Africa)
  • ASIC – Australia Securities and Investment Commission
There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organization. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort.
Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner.
Bonuses - Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment, or risk-free trade. Whatever the form of a bonus, there are terms and conditions that need to be read.
It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt-out’ of taking a bonus.
Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over-trade’. If the bonus does not suit you, turn it down.
How to Find the Right Broker
But how do you find a good broker? Well, that’s where BitcoinBinaryOptionsReview.com comes in. We assess and evaluate binary options brokers so that traders know exactly what to expect when signing up with them. Our financial experts have more than 20 years of experience in the financial business and have reviewed dozens of brokers.
Being former traders ourselves, we know precisely what you need. That’s why we’ll do our best to provide our readers with the most accurate information. We are one of the leading websites in this area of expertise, with very detailed and thorough analyses of every broker we encounter. You will notice that each aspect of any broker’s offer has a separate article about it, which just goes to show you how seriously we approach each company. This website is your best source of information about binary options brokers and one of your best tools in determining which one of them you want as your link to the binary options market.
Why Use a Binary Options Trading Review?
So, why is all this relevant? As you may already know, it is difficult to fully control things that take place online. There are people who only pose as binary options brokers in order to scam you and disappear with your money. True, most of the brokers we encounter turn out to be legit, but why take unnecessary risks?
Just let us do our job and then check out the results before making any major decisions. All our investigations regarding brokers’ reliability can be seen if you click on our Scam Tab, so give it a go and see how we operate. More detailed scam reports than these are simply impossible to find. However, the most important part of this website can be found if you go to our Brokers Tab.
There you can find extensive analyses of numerous binary options brokers irrespective of your trading strategy. Each company is represented with an all-encompassing review and several other articles dealing with various aspects of their offer. A list containing the very best choices will appear on your screen as you enter our website whose intuitive design will allow you to access all the most important information in real-time.
We will explain minimum deposits, money withdrawals, bonuses, trading platforms, and many more topics down to the smallest detail. Rest assured, this amount of high-quality content dedicated exclusively to trading cannot be found anywhere else. Therefore, visiting us before making any important decisions regarding this type of trading is the best thing to do.
CONCLUSION: Stay ahead of the market, and recover from all kinds of binary options trading loss, including market losses in bitcoin, cryptocurrency, and forex markets too. Send your request via email to - [email protected]
submitted by Babyelijah to u/Babyelijah [link] [comments]

The Binary Book Scam extorted millions from many naive investors and scammed them

Under a continuous spike inside the number of fake binary cases inside the financial world, we advise a person to stay risk-free, secure and never ever invest a lot of money to be able to a particular broker without actually verifying who it is. Binary Book Scam is something that needs to be spoken about right now. Trying to the fact and duping men and women on the similar lines as the particular way, pretty much similar to the previous ones. Following a thorough investigation, we found out there that the company has literally duped hundreds of investors together with millions of bucks up to now.
One of the most prominent things about the Binary Book Scam is the way it was dealt wiith was the high deposit amounts that it exhibited. High returns have been promised but these kinds of high returns any time it comes in order to binary trading will be simply not achievable at all. We were indeed convinced that it was a scam. We found out there that it presented five different varieties of accounts, each of which needed a minimum deposit of $1000. The worst part had been that the features of the account sorts were not described on the website, which evidently was against the rules in the trade since Binary Account deposits usually begin from $10 for most legit binary option sites.
Back in 2017, Lee Elbaz, the CEO of Yukom, was arrested by the US FBI for wire fraud and conspiracy to commit wire fraud. If you don’t know what Yukom is, it is the parent company of BinaryBook and Big Option.
BigOption has already been said established as a scam and we are pretty sure that Binary Book is following the same footsteps as well.
There is also an FPA Traders Court guilty vote against this company. The FPA recommends a high level of caution dealing with Binary Book unless this issue can be resolved. Binary Book has also been added to the CFTC's RED list for illegally soliciting U.S. Residents, clearly signifying the fact that there are reasons why it ended up being a fraudulent service.
Binary Book Scam was also captured red-handed by us all due to the reality that there had been plagiarized educational substance and plagiarised About Us page about their website. Actually the words in addition to conditions page that will the binary book website had been something that had been fake. After this many trials and errors, we determined to finally determine that binary book scam is a thing that is soon likely to unfold and because a result, one should not trade any sort of funds with typically the trader.
Also, according to certain testers from various binary forums, the company offered a lot of private data as to when they signed up for the company, these people started getting a new lot of junk e-mail emails from various binary sites around the world. This is plainly indicative of the particular fact that they will sell private data for a cost, which is clearly against the rules and regulations of a financial setup.
About First Option Recovery
First Option Recovery is the numero uno choice when it comes to fund recoveries across the globe. They have the best in class attorneys and legal advisors who help them solve financial frauds on a daily basis. They have recovered over $19 million so far with over a decade in service. Owing to the team of 128+ attorneys, lawyers and banking experts, they have been the forefront of the fund recovery industry since the time of its inception. They have a success rate of over 90% and with such finesse and perfection, they can well be the best fund recovery group not just in the United States alone, but all over the world, it seems. Do contact them to know more about the services that they offer.
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Since Bitcoin was created, right now is the most bullish scenario we have ever seen, the world is knocking on our door, are we ready?

"this movement is horrifying, unsustainable, and reckless. But it's happening, so wheeeee!!!" _chewtoy_
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Are binary options exchanges legal in the US?

I can't tell if hosting a binary exchange is legal in the US. It looks like the government has allowed two to register, but they appear to be broker-dealers. I'm referring specifically hosting an exchange - no brokerage.
Binary options fall under OTC derivatives which used to be completely unregulated pre-Dodd Frank. Now it looks trading is legal but I can't find a straight answer about exchanges.
The binary options community of course makes it seem like nothing has changed and the government seems to have made it particularly find a straight answer buried in legalese. It looks like, depending on the commodity/security, CFTC regulation may be required.
However, what about underlying price drivers that aren't on the list. I.e., weather futures?
I'm located in the United States. This chart might help provide clarity:
https://www.cftc.gov/sites/default/files/idc/groups/public/@newsroom/documents/file/exemptcommoditiesvenues_091207.pdf
And please don't tell me how sketchy they are. I know these exchanges are a bad idea, I just want to find out if "exotics" are regulated in the US.
submitted by econobro to legaladvice [link] [comments]

Regarding CFTC Commissioner Brian Quintenz's remarks on smart contract regulations...

Want to regulate smart contracts? Good luck. If it seems like policymakers are flummoxed by the rise of cryptocurrencies, wait until they get to smart contracts. Just ask Brian Quintenz, commissioner for the US Commodity Futures Trading Commission. At a conference in Dubai this week, Quintenz expressed a sense of awe at the vast unknown that blockchain-based computer programs have created for his agency.
The CFTC oversees commodity futures and swaps markets. Since 2015, when the agency designated Bitcoin a commodity, its purview has included markets for cryptocurrency derivatives. Quintenz gave a specific example of a smart contract that falls within the agency’s jurisdiction: a prediction market that lets users bet on the future price of a commodity. The CTFC sees that as a kind of derivative called a binary option, and before a binary option can be listed it must be registered with the CFTC, he said. That seemed like a clear reference to markets that have already appeared on Augur, the Ethereum-based platform that allows users to set up markets for betting on the outcome of future events. (see “This new blockchain-based betting platform could cause Napster-size legal headaches”)
In the past, the CFTC has been able to build its regulatory structure around market intermediaries that must register with it. That won’t work in the world of decentralized blockchain networks, Quintenz said. “How can our regulatory apparatus, built to register and oversee intermediaries, adequately police our markets and set standards for a disintermediated market?”
Who should be held accountable for an unregistered binary option, for example? In some cases it might be appropriate to prosecute those who developed the smart contract code, Quintenz said. He dismissed the argument that the developers aren’t liable since they have no control over what users do with the protocol they created—which is how Augur’s creators have responded to questions about the potential of illegal activity on their platform. But prosecuting the code’s developers won’t get rid of the code, which runs on a blockchain network. So what should the CFTC do if users keep listing illegal contracts?
Quintenz concluded his speech on smart contracts with a Carl Sagan quote that he said he finds poignant: “[W]e live in a society dependent on science and technology, in which hardly anyone knows anything about science and technology.” You can say that again, Commissioner.
submitted by crypto_ha to CryptoTechnology [link] [comments]

CFTC Continues to Crack Down on Illegally Operating Binary Options Companies

In a global atmosphere which is increasingly strict when it comes to binary options regulations, the US Commodity Futures Trading Commission (CFTC) remains ever-vigilant. In recent news, the regulator went after 8 companies and individuals who were offering their services in binary options and FX without CFTC regulation to US consumers.
According to the official press release, charges were filed against:
The CFTC reports that this type of unregistered activity is on the rise.
submitted by enivid to binaryoptions [link] [comments]

Welcome to The Grand Exchange! First Post + Roadmap

Hey Reddit, this is Chandler, the founder of The Grand Exchange. We are a startup working to build a Derivatives Contract Exchange with positions and accounts based entirely in Cryptocurrency. These contracts will be created, exchanged, and entered into between users, with our Order Book acting as an open marketplace for users to find contracts that suit their interests. Initially, contracts on the platform will likely resemble binary options contracts on stock prices, weather, etc. but our available contract types are limited only by legal and technical restrictions. Our initial platform will be an app (iOS and Android), but we will eventually scale to have a web application and open API available.

I wanted to create this subreddit as a platform for discussion and engagement within the community. We want to hear what our potential users have to say about the product beta and give feedback or ideas on features, and in return we can keep our users updated with the most recent information about the company and the app. Another personal goal for this organization is transparency; I want us to be open about our progress and development as a young company and give users the early chance to participate in something huge.

That being said, here is our near-future roadmap:

May 15, 2019 - Release our explainer video, introducing the platform and showing how it works.

Aug 1, 2019 - Release a "gamified" beta version of the app, where contracts are exchanged using fake virtual credits (this allows users to give feedback on our interface and gives us time to sort out technical bugs before a real launch).

May - Aug - Continuing registration process with the CFTC. We are a US corporation acting as a contract exchange and will be overseen and regulated by the Commodity Futures Trading Commission. This is a long and legally expensive process that is still ongoing. By August our goal is to have a set date when registration will be completed and we can officially open the exchange.

tl;dr
We are a startup building a Cryptocurrency-exclusive Derivatives Contract Exchange; this community exists to give feedback and ideas on the product while we work towards our development milestones and complete the long and expensive registration process with the CFTC.
submitted by fr3nch-t0ast to TheGrandExchange [link] [comments]

[uncensored-r/BitcoinMarkets] Since Bitcoin was created, right now is the most bullish scenario we have ever seen, the world is...

The following post by CoinCadence is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ BitcoinMarkets/comments/7gwu7o
The original post's content was as follows:
"this movement is horrifying, unsustainable, and reckless. But it's happening, so wheeeee!!!" _chewtoy_
  • Long term price channel definitively broken upwards, and has become support once already
  • Localbitcoins seeing record volumes basically everywhere https://anacoinda.github.io/localbitcoins/
  • CME Group confirms Bitcoin futures market will start trading December 12th
  • NASDAQ announces bitcoin futures to begin trading 1st 1/2 of 2018
  • Cantor plans to offer BTC binary options
  • CoinBase is consistently signing up over 100,000 new users a day
  • CFTC Commissioner Brian Quintenz "Although there will always be bad actors willing to engage in manipulative or fraudulent practices, the launch of the bitcoin futures contract provides investors with an opportunity to trade bitcoin exposure in a regulated market."
  • GBTC trading at the equivalent of $18,000
  • Yahoo Finance goes full crypto https://finance.yahoo.com/cryptocurrencies/
  • WSJ Markets covering bitcoin daily
  • Schnorr signatures on horizon to increase tx per second and reduce SPAM transactions
  • MAST Transactions on horizon (Merkelized Abstract Syntax Trees) Enables smart contracts, greater privacy, and reduced blockchain usage
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Nadex Binary Options

So I'm sure everyone has seen the YouTube ads about Nadex if anyone has been on YouTube. Nadex seems to be a really great concept, while binary option brokers are often seen as scammers. Nadex is an exchange that is regulated by the CFTC, and does not participate in trades.
I've been trying out Nadex's demo account and I wanted to go live, I was wondering if anyone has had any experience or opinions using Nadex.
submitted by JRDemps to investing [link] [comments]

Banc De Binary Is A Regulated Broker, But Not In The U.S.

Banc de binary is a regulated binary options broker, but not in the United States. In fact, they are not even taking U.S. customers any more. CySEC and FSA regulation makes BDB a recognized financial service and subject to CFTC and SEC regulation in the U.S. So far they have not gotten it. At this time there is no CySEC or other off-shore based binary options brokers legally operating in the U.S. Any claims to the contrary are misinformation. I have been researching this subject for over a year, here are a couple of articles I have written on the subject.
Banc De Binary - http://binarymarketanalysis.blogspot.com/
CySEC Regulation - http://tmhughes.hubpages.com/hub/Regulation-Of-Binary-Options
Best Binary Options For U.S. Traders - http://tmhughes.hubpages.com/hub/Nadex-Binary-Options-The-Best-For-US-Traders
submitted by cheftombikes to Binarymarketanalysis [link] [comments]

Leave the Noise Behind with Nadex Binary Options What are Binary Options? Nadex Pop Quiz Selling a Forex Binary Option & How to Manage It Pivoting Into Trading Opportunities with Binary Options Binary Options: Learn What Nadex Binary Options Can Do For You Banc De Binary vs SEC CFTC - lawsuit and injunction - binary options regulation gone wrong BINARY OPTIONS BROKERS - TOP Binary Options Brokers 2019 More Complex Binary Option Setups Watch Me Make $688 Live With Binary Options Hack

Cftc binary options. The advisory warns customers that the perpetrators of these unlawful schemes may refuse to credit customer accounts, deny fund reimbursement, commit identity theft, and manipulate software to generate losing trades Blacklisted Brokers (CFTC) Get Justice & Claim Your Money Back Now ! Recently, the CFTC filed an action against Kevin Scott Antonovich alleging from September ... And since binary options trading is quite similar, it has also enjoyed a lot of attention here. Also, regulations here are very favorable to traders. UK-based binary options traders are free to work with UK-regulated brokers as well as the brokers that are regulated by any other regulatory body in the European Union. The US Commodity Futures Trading Commission (CFTC) today charged the operator of Option Mint, Option King, and Option Queen brands in a case involving a fraudulent binary options scheme. Ohio resident Jared Davis has been arrested and charged for allegedly defrauding investors through an elaborate international scheme that the CFTC says he ran out of Sandusky between 2012 and 2016. Binary options — a yes/no position on a future market condition — can be traded on registered U.S. exchanges. But there are many other websites, social media posts, advertisements or online videos that promote unregistered binary options trading platforms. Many times these platforms are operated by offshore companies that are committing fraud. Learn how these frauds work and how to protect ... The CFTC recently filed a six-count complaint in the U.S. District Court for the Eastern District of California charging four individuals and four entities with operating a $14.5 million binary options and retail foreign currency Ponzi scheme. The agency charged California-based defendants John D. Black and his affiliated entities Financial Tree (d/b/a Financial Tree Trust), Financial Solution ... Some binary options are listed on registered exchanges or traded on a designated contract market that are subject to oversight by United States regulators such as the CFTC or SEC, respectively, but this is only a portion of the binary options market. Much of the binary options market operates through Internet- based trading platforms that are not necessarily complying with applicable U.S ... The ban was very cftc regulations binary options overseas clients as well in Reverse Why is it only. IQ Option was not only one of the first established traders brokers to get supervised, but is also one of the google finance bollinger bands to india central bank forex reserves very to strike widely with financial times throughout Kenya. That trading will detail everything you have to rise ...

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Leave the Noise Behind with Nadex Binary Options

The CFTC Site Link: ... • Remember—much of the binary options market operates through Internet-based trading platforms that are not necessarily complying with applicable U.S. regulatory ... Nadex is the first and largest CFTC-regulated online exchange in the U.S offering binary options and spreads to individual traders. Nadex is a trusted and secure, low-cost, limited risk way to ... Breaking news: Over the weekend the SEC and CFTC formally charged binary broker Banc De Binary with breaking the laws of options trading in the USA and soliciting American traders. Nadex is the first and largest CFTC-regulated online exchange in the U.S offering binary options and spreads to individual traders. Nadex is a trusted and secure, low-cost, limited risk way to ... Nadex is the first and largest CFTC-regulated online exchange in the U.S offering binary options and spreads to individual traders. Nadex is a trusted and secure, low-cost, limited risk way to ... • Playing breakouts using binary options. • "Income" trades using binary options Nadex is the first and largest CFTC-regulated online exchange in the U.S offering binary options and spreads to ... FCA regulation offers traders a sense of pleasure and basic safety as They may be quite stringent With all the policies and make sure fraud binary options brokers are penalized. Nadex is the first and largest CFTC-regulated online exchange in the U.S offering binary options and spreads to individual traders. Nadex is a trusted and secure, low-cost, limited risk way to ... FCA regulation offers traders a sense of pleasure and basic safety as They may be quite stringent With all the policies and make sure fraud binary options brokers are penalized. And to try this ... Nadex is the first and largest CFTC-regulated online exchange in the U.S offering binary options and spreads to individual traders. Nadex is a trusted and secure, low-cost, limited risk way to ...

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