FCA confirms permanent ban on the sale of binary options to retail consumers

Regulatory Updates | 02/04/19

Following consultation feedback, the FCA has confirmed that all firms acting in or from the UK are prohibited from selling, marketing or distributing binary options to retail consumers. The new rules tackle widespread concerns about the inherent risks of these products, and the poor conduct of the firms selling them. This has led to consumer harm in the UK and internationally through large and unexpected trading losses.