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The US technology giant Apple has recently updated its iOS application developer guidelines to explicitly ban binary options trading applications for its mobile devices from the iTunes app store.
According to section 3.2.2 of the guidelines that lists unacceptable applications, Apple says: “Apps that facilitate binary options trading are not permitted on the App Store. Consider a web app instead.”
It is not clear whether the ban would affect the already existing binary options trading applications like HighLow Binary Options, Binary Option Signals, TradoLogic or, for that matter MetaTrader 4 and 5 or the bespoke applications of some forex or binaries brokers like 24Option, IQOption, eToro, AAAFx, Grand Capital, Alpari, etc., but Apple is notorious for its strict approval process for its iTunes app store.
Currently, there are nearly 100 applications somehow related to binary options, like trading signals and platforms, plus 15 electronic books, including “How To Trade Binary Options Successfully: A Complete Guide to Binary Options Trading”, published in 2014. Our guess is, the result of this ban will take a while to become visible. It is also not clear whether Google will follow suit and ban binary options apps from the Google Play Store for Android devices.
Either way, Apple’s move will deal yet another blow to the binary options industry, which is being subjected to increasing pressure from various regulators and authorities across the world. Aside from the regular warnings against various regulated and unregulated brokers, which do not seem to have much effect, some countries, like Canada, are considering banning those products altogether, while others, like Belgium and Israel, have already done so.