Victory! Risky trading sites that scam customers are banned
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Firms have been banned from luring customers into risking life savings on financial bets known as binary options.
In a victory for Money Mail, new Europe-wide rules will bar companies from flogging the deals to savers in the UK.
If you're ready to check out more info in regards to Ignition Casino look into our own web-page. Ban: New Europe-wide rules will bar companies from flogging binary options deals to savers in the UK
We exposed how people with little or no investing experience lost thousands of pounds from this type of activity.
The City of London Police say binary trading is one of the biggest UK fraud risks.
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It allows investors to bet on whether shares, currencies or SlotsMillion commodities such as oil or gold will rise or fall over a certain period of time — often as little as a few seconds.
Trading like this is highly risky: if the bet comes in, you may win big, but if it goes down, you may lose everything.
Often, Betclic customers forge a relationship with a personal broker, who will place bets for them.
In many cases seen by Money Mail, savers have struggled to get their money back after they've handed it over.
Many say they were cajoled into investing much more than they had wanted.
The European Union ban is set to come into force over the next few months.
r.lythe@dailymail.co.uk
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In a victory for Money Mail, new Europe-wide rules will bar companies from flogging the deals to savers in the UK.
If you're ready to check out more info in regards to Ignition Casino look into our own web-page. Ban: New Europe-wide rules will bar companies from flogging binary options deals to savers in the UK
We exposed how people with little or no investing experience lost thousands of pounds from this type of activity.
The City of London Police say binary trading is one of the biggest UK fraud risks.
RELATED ARTICLES
Previous
1
Next
TRADER TIPS: City insiders say have a flutter on gambling... Family whose house burnt down reveals how their insurer...
Share this article
Share
HOW THIS IS MONEY CAN HELP
Beat the scammers: Latest news, tips and guides to beat the tide of fraud
It allows investors to bet on whether shares, currencies or SlotsMillion commodities such as oil or gold will rise or fall over a certain period of time — often as little as a few seconds.
Trading like this is highly risky: if the bet comes in, you may win big, but if it goes down, you may lose everything.
Often, Betclic customers forge a relationship with a personal broker, who will place bets for them.
In many cases seen by Money Mail, savers have struggled to get their money back after they've handed it over.
Many say they were cajoled into investing much more than they had wanted.
The European Union ban is set to come into force over the next few months.
r.lythe@dailymail.co.uk
DIY INVESTING PLATFORMS
Easy investing
Stocks & shares Isa
£1.50 fund dealing
0.25% fee on fund holdings
Investment ideas
Free fund dealing
Free fund dealing
0.45% account fee capped for shares
Flat-fee investing
No fees
From £4.99 a month
Trade shares and funds for £3.99
Social investing
Social investing
Share investing
30+ million global community
No account fee
Investment account
Free share dealing
Free fractional share*
Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence. *T&Cs apply.
> Compare the best investing platform for you
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