1/4/ · ASIC has made a product intervention order banning the issue and distribution of binary options to retail clients. The ban will take effect from Monday 3 May after ASIC found that binary options have resulted in and are likely to result in significant detriment to retail clients 5/4/ · The Australian Securities and Investments Commission (ASIC) announced last week that binary options trading in Australia will be banned starting on the 3rd of May The regulator indicated that its review of the binary options market in and showed that approximately 80% of traders lost money in binary options MR ASIC bans the sale of binary options to retail
ASIC Bans Binary Options in Australia
The ban comes into effect on Monday May 3. ASIC will ban the sale of binary options to retail investors. Greg Newington. ASIC had previously flagged new regulations for the market, but an outright ban on retail participation is at the more extreme end of the options open to the regulator. On Sunday, new caps were introduced for retail investors trading in contracts for difference CFDsasic binary options ban, another key product in the over-the-counter derivative market.
The changes placed limits on the amount of leverage — debt taken on by the trader to asic binary options ban the size of an initial investment and maximise potential gains and losses — available to retail clients. The review found the products were suited to very short-term, speculative trading strategies, with asic binary options ban average contract duration at one firm a mere six minutes.
But sections of the financial services industry have warned a ban could backfire and hurt investors. Skip to navigation Skip to content Skip to footer Help using this website - Accessibility statement. More Today's Paper Markets Data Events Lists. Companies Financial Services Derivatives Print article. Aleks Vickovich Wealth editor. Apr 1, — Save Log in or Subscribe to save article. Aleks Vickovich is the wealth editor.
He writes about financial advice, funds management, banking and regulation, with a special interest in the next generation of investors. Connect with Aleks on Twitter. Email Aleks at aleks. vickovich afr. License article. Follow the topics, people and companies that matter to you. Find out more. Online trading. Opinion Chanticleer Three in four insider traders get away with it Jun 4, Tony Boyd. Street Talk Barrenjoey adds another senior UBS banker to its roster Jun 4, Sarah Thompson, Anthony Macdonald and Tim Boyd.
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Special Report: ASIC and CMC Markets Ignore Significant Consumer Detriment RE: CFD \u0026 Binary Options
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1/4/ · ASIC has made a product intervention order banning the issue and distribution of binary options to retail clients. The ban will take effect from Monday 3 May after ASIC found that binary options have resulted in and are likely to result in significant detriment to retail clients 1/4/ · The ban comes into effect on Monday May 3. Binary options are a risky form of derivatives which often contain an “all or nothing” structure that give investors a Author: Aleks Vickovich 5/4/ · The Australian Securities and Investments Commission (ASIC) announced last week that binary options trading in Australia will be banned starting on the 3rd of May The regulator indicated that its review of the binary options market in and showed that approximately 80% of traders lost money in binary options
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