ASIC Bans Binary Options Following New CFD Restrictions

ASIC found that binary options have resulted in and are likely to result in significant detriment to retail clients. Approximately 80% of retail clients lost money trading binary options from the reviewed period between 2017 and 2019. These instruments are likely to result in cumulative losses to retail clients because of their ‘all or nothing’ payoff structure, short contract duration, and negative expected returns.
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