In European First, Belgium Bans Binary Options

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Belgium is the first European country to outlaw the offering of binary options to its citizens, and only the third country in the world to do so, after the United States and Israel.

Citing a rising number of complaints from its citizens, Belgium’s Financial Services and Markets Authority (FSMA) has decided to completely ban binary options companies from operating in the country. Belgium’s financial regulator is also outlawing the offering of leveraged forex and CFD trading to ordinary citizens. Belgium is the first European country to outlaw the offering…