more than 100 of the world's largest and best-known traders in online binary options, Reuters , has said it is "downsizing" its business "due to regulatory constraints". The Israeli -owned and Cyprus -registered firm, which paid $11m in fines in the US last year , urged clients with remaining funds to withdraw them. There are estimated to be One binary options firms in US and the fast-growing sector is plagued with allegations of fraud. The country's chief securities regulator, Hauser , has already banned companies from selling binary options within Israel and is seeking to prevent them selling them abroad also.
One of the world's largest and best-known traders in online binary options, Banc De Binary, has said it is "downsizing" its business "due to regulatory constraints". The Israeli-owned and Cyprus-registered firm, which paid $11m in fines in the US last year, urged clients with remaining funds to withdraw them. There are estimated to be more than 100 binary options firms in Israel and the fast-growing sector is plagued with allegations of fraud. The country's chief securities regulator, Shmuel Hauser, has already banned companies from selling binary options within Israel and is seeking to prevent them selling them abroad also.