Regulation Takes Its Toll

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Regulation Takes Its Toll

FinanceMagnates Tracks Massive Decline In Binary Options Activity

FinanceMagnates working in conjunction with CPattern has developed a tracking tool for the binary options industry that is quite telling. Referred to as the FTD or First Time Deposit benchmark this tool tracks not only the number of depositors but the amount and averages. According to them the binary options industry is in meltdown and that is evident in the number of brokers who’ve closed and others who’ve quit binary in favor of CFD’s and forex. While it does signal a massive change in the industry it is a good one I think and one that will help binary options continue on into the future.

The reason for the decline is because of intensifying regulation. Regulators around the world have stepped up to combat fruad’s related to binary options and that is fantastic. It has led to a decline in successful scams along with the arrest of individuals in the US and abroad which in turn has led to less deposits. It makes sense that if you cut out the fraud there will be a decline in deposits. According to FinanceMagnates total activity for binary options deposits and withdrawals has fallen more than 50% in the first half of the year. Average deposit size is also on the decline, falling more than 80% since the first of the year.

The Warnings Keep Coming

The Manitoba Security Commission has issued a warning against GTOptions. The warnings is in effort to protect consumers throughout the province from investing with this unregulated broker. GTOptions is operated out of Bulgaria and not regulated by any authority that we know of. The MSC added the broker to its black list due to operating in an unregistered manner, failure to comply with Canadian and provincial regulations and soliciting Canadian citizens without authorization.

Spain’s CNMV, the Comision de Nacional del Mercado de Valores, has issued warning against broker GSI Markets. GSI Markets offers a variety of trading options including binary and is not regulated in Spain or anywhere else in the EU. The CNMV also warned about three subsidiaries doing business for or on behalf of GSI Markets. These are Media Soft Limited, Netsoft Limited, and Netmedia Markets OU. GSI Markets was also warned by the British FCA for illegally soliciting citizens of the UK. The warning included allegations of operating financial services, another no-no for non-registered companies.

The Bottom Line

While it is evident that regulation is taking a toll on the binary options industry the flipside is that what’s left is, hopefull, better and more trustworthy than ever. Operators such as IQOption have pared back their offerings significantly and what they have has taken on the look of exchange traded NADEX binary options. This means that traders have less choice of broker but the trading is more flexible than ever. The only question is will it last. NADEX has been able to maintain business through the rise and fall of EU style trading, hopefully some of the EU and other brokers can withstand fallout from the meltdown.

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take its toll

take a/its toll

take its toll

take its toll

take its ˈtoll (on somebody/something)

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  • take it on the nose
  • take it on/upon yourself to do something
  • take it one day at a time
  • take it or leave it
  • take it out of (one)
  • take it out of one
  • take it out of somebody
  • take it out on
  • take it out on (someone or something)
  • take it out on somebody
  • take it out on someone/something
  • take it outside
  • take it slow
  • take it that
  • take it through the nose
  • take it to grave
  • take it to the street
  • take it up the ass
  • take it upon (oneself) to (do something)
  • take it upon oneself
  • take it with (one) (when one goes)
  • take it with one
  • take it/things easy
  • take it/things one day at a time
  • take its course
  • take its toll
  • take kindly to
  • take kindly to (something)
  • take leave
  • take leave of
  • take leave of (one’s) senses
  • take leave of (someone or something)
  • take leave of senses
  • take leave of your senses
  • take liberties
  • take liberties with
  • take liberties with (someone or something)
  • take life
  • take life in hands
  • take lumps
  • take lying down
  • take matters into (one’s) own hands
  • take matters into your own hands
  • take medicine
  • take my word for it
  • take names
  • take no account of (someone or something)
  • take no for an answer
  • take no for an answer, not
  • take no notice of (something or someone)
  • take no part in/of (something)

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  • take it upon to
  • take it upon yourself
  • take it upon yourself to
  • take it upon yourself to do something
  • take it with
  • take it with (one) (when one goes)
  • take it with a grain of salt
  • take it with a pinch of salt
  • take it with her
  • take it with her when she goes
  • take it with him
  • take it with him when he goes
  • take it with me
  • take it with me when I go
  • take it with one
  • take it with one when one goes
  • take it with them
  • take it with them when they go
  • take it with us
  • take it with us when we go
  • take it with you
  • take it with you when you go
  • take it/things easy
  • take it/things one day at a time
  • take its course
  • take its course
  • take its course
  • take its course
  • take its course
  • take its pulse
  • take its toll
  • take jabs at
  • take just so much
  • take kindly
  • take kindly to
  • take kindly to
  • take kindly to
  • take kindly to
  • take kindly to
  • take kindly to
  • take kindly to (something)
  • take leave
  • take leave
  • take leave
  • take leave
  • take leave
  • take leave of
  • take leave of (one’s) senses
  • take leave of (someone or something)
  • take leave of her senses
  • take leave of his senses
  • take leave of my senses
  • take leave of one’s senses
  • take leave of our senses
  • take leave of senses
  • take leave of senses
  • take leave of senses
  • take leave of senses
  • take leave of senses. take leave of one’s senses
  • take leave of their senses
  • take leave of your senses
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