Banc de binary options price predictor

UPDATE CFTC NOW FILING CHARGES AGAINST BANC DE BINARY!!!!

ANOTHER VICTORY TO CLEAN UP THE BINARY OPTIONS MARKET!!!! Finally, the complaint alleges the company did not limit its options offerings to eligible contract participants, allowing U. The applicable rules are on the books for good reason — to protect market participants and promote market integrity — and we will serve the public by enforcing them.

The CFTC seeks civil monetary penalties, an injunction preventing Banc de Binary from engaging in certain commodity options activity with U. Though many did not know that Cyprus existed a few months ago now nearly everyone does. To their credit they did post a statement that their clients where not going to be affected and as far as we know they where not.

They stated they would absorb the cost for any accounts in Cyprus. How much are they making that they could afford that? Where does the money come from? However, the fact that the idea came up in this country at all or any country for that matter could easily alarm anyone. If your funds are outside the US what remedies do you really have with US regulations?

Just another question worth asking. Another thing to be aware of: Warranted concern or not is of course up to each person to decide. Read below for more details. I heard in the rumor mill that Banc De Binary was having to get out of dodge. And they are — no more new us clients. Though they can still currently keep the old US Clients For now…can you say get your money and run??

Up to each trader of course. Below it i have a screenshot of the online chat session.

Banc De Binary - Wikipedia

Was interesting to see how they responded to my last few questions…. Banc De Binary has announced that as of January 25 it is in talks with the CFTC in order to obtain regulation for its operation as a binary options exchange in the United States.

The New York headquartered company currently provides an online binary options platform where investors can trade on the direction of over assets. In accordance with CFTC requirements, Banc De Binary will not be accepting new US clients during the course of negotiations.

Customers from abroad and existing US customers will still retain full access to all company services.

Since its founding in , Banc De Binary has complied with all federal and state laws regarding banking and compliance procedures. However specific regulation for binary option trading has not previously existed. The company has long voiced its desire for industry regulation so as to better protect traders, and has said that it would comply with all applicable procedures. The introduction of regulation in the EU, and now in the US, legitimizes binary options as a financial instrument in their own right and adds credibility to this relatively new and quickly growing industry.

Banc De Binary made the decision to begin operating only in regulated countries in order to continue leading the binary options market and convert binary options into a viable financial product in the banking world. It looks forward to working with regulators worldwide in its commitment to providing a quality investment service to all clients. Here is the release: Here is the retraction: And the really confusing part…it states they wont take orders from US Citizens.

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Yet they are allowing those who had accounts before this went into affect to keep trading, aka placing orders. Does not make sense to me…does it to you?

Note they state they withdrew the press release. Here is the short list of what I believe it would take for them to become a US Exchange. They may meet some of these at this time and may not things change over time this is just a list of things I believe would have to be in place for a company to become a US CFTC regulated binary exchange….

Nadex of course has answers to these questions…. Home Trading Forurm Nadex Binary Option Signal Blog Binary Options Futures Trading Nadex Trade Rooms Futures Trading Signals Nadex Spread Signals How To Trade The News Futures Trading Room Forex Trading Signals Nadex Binary Option Signals Stock Index Futures Economic Events Commodity Futures Spot Forex Helpful Links NinjaTrader — Preferred Trading Platform Future Symbols Future Specs Exchanges Free Nadex Account More Info On Nadex Contracts Holiday Schedule Stock Exchanges ETF Exchanges Option Exchanges NinjaTrader Brokerage Futures Exchanges Future Option Exchanges Single Stock Futures Exchanges Binary Exchanges Nadex US CFTC Regulated Exchange Where should I trade binaries?

Just another question worth asking Another thing to be aware of: But I heard that had a office on Wall Street? Umm yeah try going there… No where to be found. Here is the official statement on the matter: They may meet some of these at this time and may not things change over time this is just a list of things I believe would have to be in place for a company to become a US CFTC regulated binary exchange… They would have to have set strikes that are an official contract not open strikes at market price.

They would have to have a market maker willing to make a market that had absolutely no contact with them if they where to be an exchange.

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So Not do bonus plans that require trading levels for withdrawal notice how most maybe all? There is very little chance of getting stocks approved SEC is vary opposed to CFD style trades that act as a replacement for stocks.

They would have to have all the licenses required to meet the regulatory requirements in CFTC. They would have to have the funding to meet exchange funding requirements…big bucks…. Essentially they would have to have a whole new company as to change the things above would lose them a majority of their current business.