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ARTICLE · 05 AUGUST 2019

Permanent Prohibition Of Binary Options Trading

G. Vrikis & Associates LLC
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The Law Firm of G. Vrikis & Associates LLC would like to bring to your attention the resent decision and publication by the Cyprus Securities and Exchange Commission ("CySEC").

CyprusCorporate/Commercial Law
G. Vrikis & Associates LLC
G. Vrikis & Associates LLC
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The Law Firm of G. Vrikis & Associates LLC would like to bring to your attention the resent decision and publication by the Cyprus Securities and Exchange Commission ("CySEC").

CySEC's dedicated Supervisory Action Plan concerning the FX trading and Binary Option industry intensified supervisory and enforcement efforts between 2015 and 2018, which raised concerns relating to the investors' protection and resulted in the imposition of fines and licences withdrawals. CySEC's analysis revealed that on average, 87% of client accounts made a loss over that period. Similar findings were reported by other National Authorities of the European Economic Area in relation to the provision of investment services in Binary Options.

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