Dutch authorities ban binary options permanently

Dutch authorities ban binary options permanently

The Dutch Financial Markets Authority (AFM) announced that as of 19 April 2019 the CFD restrictions, adopted by the European Securities and Markets Authority (ESMA) last year will be made permanent.

In that way AFM joins the Financial Conduct Authority (FCA) in the UK, which introduced a permanent ban on all binary options, trading bonuses and unrestricted leverage trading on the 2nd of April, 2019.

Earlier this year the German regulator BaFin and the French Autorité des Marchés Financiers (AMF) also announced that will make the ESMA rules permanent, instead of renewing them every 3 months.

ESMA introduced the binary options ban on 2nd of July 2018, while the maximum leverage with all forex and CFD transactions was capped a month latter on August 1st.

“As of 19 April 2019 the marketing, distribution or sale of binary options to retail investors in and from the Netherlands is prohibited. The marketing, distribution or sale of CFDs to retail investors in and from the Netherlands is restricted”, AFM said in a statement.

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