SpotOption Shuts Down Binary Options Operations

According to numerous online reports, SpotOption Shuts Down Binary Options operations due to the increased regulatory requirements and control. What is next for this once top Binary Options platform provider?

19 January, AtoZ Markets SpotOption, a provider of Binary Options platforms, has officially stopped all operations related to the Binary Options industry. The decision has become effective from January 18, 2018. As of now, the company no longer is providing Binary Options services to its clients.

SpotOption Shuts Down Binary Options Operations

In fact, some of the online reports state that presently, SpotOption no longer has any active clients in Binary Options market. It also does not have any outstanding positions open. In addition, SpotOption reportedly claims that none of its associated operations have shifted offshore in a bid to overcome regulatory rules.

The online reports quote SpotOption’s CEO Pini Peter stating:

“We have taken the necessary steps to align with local regulations. We are an Israeli financial technology provider, and as such we will always adhere to the requests of local regulations put in place by the Israel Securities Authority.”

Multibank Review
Visit Site
eToro Review
Visit Site
4.8/5 Review
Visit Site

In addition, SpotOption’s top executive has noted that in spite of the various offers, the company has declined to transfer its operations to any of the industry competitors. Previously, SpotOption had already commenced the process of closing down its Binary Options activity. That time, the firm as stated it would concentrate more on other financial instruments, such as cryptocurrencies and CFDs.

The overall process of stopping operations has been going on for some time since the firm decided to do so gradually. Reports state that the firm believes that a fast approach would impact a lot of its clients all over the world.

Binary Options Market Crackdown

As a matter of fact, SpotOption has been seen as one of the leading firms in the Binary Options industry for some time. However, this sector has been experiencing a lot of critique and regulatory pressures from the authorities all around the globe. The officials have been expressing increased concerns throughout last year due to the numerous investors’ complaints. One of the recent complaints involved the entrepreneur Peter Jones and the binary trading robot Bitcoin Revolution. Peter Jones was said to endorse the software and his name was being used without his consent. He clarified that he does not endorse any activity of the sort on twitter

The Binary Options sector has taken a tough punch from the financial services regulators and many firms have been reporting the plans to exit the Binary Options market.

Think we missed something? Let us know in the comments section below.

  1. medicine online order says:

    Pretty! This was a really wonderful article. Thank you for
    providing this info.

  2. dissertations says:

    Can I simply just say what a comfort to discover somebody who
    actually understands what they are discussing on the web.
    You definitely understand how to bring a problem to light and
    make it important. More people should check this out and understand this side of the story.
    It's surprising you aren't more popular because you most certainly possess the gift.

  3. Elise says:

    Hey there, You have done an excellent job.
    I will definitely digg it and personally recommend
    to my friends. I'm sure they'll be benefited from this
    web site.

  4. kids says:

    It's hard to find educated people for this topic,
    however, you seem like you know what you're talking about!

  5. agen slot says:

    Woah! I'm really digging the template/theme of this blog.
    It's simple, yet effective. A lot of times it's very hard to get that "perfect balance" between usability
    and visual appeal. I must say you've done a awesome job with
    this. Additionally, the blog loads very quick for me on Opera.
    Exceptional Blog!

  6. Littorious says:

    Excellent blog you've got here.. It's hard to find quality writing like
    yours nowadays. I really appreciate individuals like you!
    Take care!!

  7. buy supplements says:

    My brother recommended I may like this web site. He was once totally right.
    This put up truly made my day. You can not imagine just how a
    lot time I had spent for this info! Thanks!

  8. best roof replacement companies near me says:

    Hi friends, its enormous article about teachingand fully explained, keep it up all the

  9. says:

    whoah this blog is excellent i really like reading your articles.
    Stay up the great work! You already know, many persons are hunting round for
    this information, you could help them greatly.

  10. says:

    Excellent post. Keep writing such kind of info on your site.
    Im really impressed by your blog.
    Hello there, You've performed an excellent job.
    I will certainly digg it and in my view suggest
    to my friends. I'm sure they'll be benefited from this web site.


Leave a Reply

Your email address will not be published. Required fields are marked *