the FCA’s proposals do not apply to brokers operating from outside the UK

In order to help binary options traders have a better understanding of the Binary Options trading in the UK, we post this article.
The FCA can do nothing to stop abuses because binary options wagering is regulated by the Gambling Commission.
According to the law of the United Kingdom, Binary Options brokers should be regulated by the UK’s Gambling Commission, However, this law applies only if the Broker has its operation located in the UK.
IG a UK binary broker stated that  the FCA’s proposals do not appear to directly apply to brokers operating from outside the UK offering CFDs and binary options.

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