24option abandons binary options, turns to forex, CFDs

24option abandons binary options, turns to forex, CFDs

24Option

24option, a Cyprus-regulated binary options broker, is planning to abandon binary options in favor of forex and CFD instruments.

According to reports of the site Finance Magnates, the existing binary options clients of the brokerage may continue to deposit and trade, but the broker will stop accepting deposits from new EU clients this week. New binary options clients from the rest of the world will not be accepted from next week.

New clients of the brokerage will be able to deposit into forex and CFD trading accounts. 24Option launched its forex and CFD instruments several months ago. Similarly, another binary options broker – anyoption – recently shut down its binaries business and turned to forex and CFDs.

In the last year or so 24option has been in trouble with various national regulators.

Last summer France’s AMF banned it from operating in the country, because its owner, Rodeler Limited, has failed to comply with certain professional obligations. The ban was lifted several weeks ago.

24Option has been warned against by FSMA and was denied a Russian license. Earlier this year the broker has closed its Israeli call center.

This past June New Zealand’s FMA has also warned against 24option, following a lead from  the Australian Securities & Investment Commission (ASIC).

3 Comments

  1. 24option is scam company, stay away!!

    If you can’t see it why do you think all these regulators have all these warning/banning them??

    Use your brain people and stop falling victims to these crocks.

    They are on the blacklist of canada’s gov site. Banned from US. And now the ASIC are warning against them..

    If you still can’t smell the BS, then you deserve being robbed.

  2. Magdalena Verneuil

    What’s about my account

    1. Magdalena Verneuil

      What’s about my account

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