Overview of Malta’s New Binary Options Policies

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Overview of Malta’s New Binary Options Policies

By Annie Reona | Monday, July 27th, 2020

The Malta Financial Services Authority (MFSA) has recently put out a circulation on the policies they have for binary options traders and their licenses. The policies have been put into place to increase existing safeguards because of the complexity of binary options and the high risks that come with them. This means that those who wish to be licensed binary traders will have to be under the standard rules of those with Investment Services Licenses as well as additional regulations.

The license required for individuals who wish to offer binary trading options services to their clients must have a Category 3 Investment Services License. This will allow an individual to provide all investment services, to hold onto money from clients, and to deal using their own personal account. Applicants for the license are more likely to be granted with it if they are well-established in the investment industry, have proven to be adept at working with clients to resolve problems, and are prepared to adhere to all of the additional regulations.

Additionally, the restrictive requirements that were previously placed on individuals applying for this license has been loosened slightly. Previously, an individual applying for this type of license was also required to have a qualifying shareholding by a licensed entity that was also in the same investment industry. Now, this has changed to allow each case to be considered individually so that if someone was not previously licensed, it is possible for them to get the license to offer binary options without needing to have connections to an established business.

The qualifications that apply specifically to the Board of Directors and other employees are simply that the senior manager, the risk manager, and those who are in senior positions are collectively experienced in trading binary options. MFSA is also requiring the risk manager position to be a full-time position occupied by a member who is locally based in Malta, regardless of the size of the company. In terms of records, all companies are required to access and control all of the transactional data they are involved in and maintain all records of such transactions in their entirety.

Companies that have developed their own trading platform should be sure that it has either been certified by a qualified independent IT auditor or that it has a solid track record on the market. However, MFSA does prefer those businesses that are using trading platforms which are already in use within the industry that have existing track records for success.

The additional rules and regulations that companies are expected to adopt include providing relevant warnings to potential and current clients about the risky nature of binary options, providing training demonstrations and tutorials to clients, placing trades online, and limiting the risk of trades as much as possible. Part of the expectation involving the limiting of risks is to highlight certain trading dangers to clients including large quantities of trades being done in a short time and accumulating losses.

Binary Options News & Analysis

Latest news and developments in the financial markets with special emphasis on binary options. If you would like to submit your binary news for publication on this website please contact us at info (at) winatbinaryoptions.com.

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Malta Financial Services Authority Publishes New Rules for Binary Options Operators

The Maltese Financial Services Authority (MFSA) has finally made public its comprehensive set of rules regarding the conduct of binary options brokerage business in the tiny island.

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Barring any last minute amendments, Russia new Forex law, which was signed by Russian President Vladimir Putin, will see a whole new set of rules governing the Russian Forex industry as from October 1, 2020. The law therefore places Russia on the same pedestal as the United States, the UK, Japan and Malta as countries which operate a set of national forex laws.

The Important Details behind Malta’s New Binary Options Regulation

Those e ngaged in binary options trading are watching with interest the developments with Malta’s new regulation. The binary options trading license issued within the MiFID framework affect the ability of traders, unless the binary options is accepted and permitted in the particular EU Member State. The changes in Malta’s policy could impact how others in framework will approach this type of trading.

Emerging Theories on Binary Options Trading and Market Bubble Risk

Some market watchers are debating whether warnings of bubbles looming on the market will affect binary trading. When bubbles such as the one seen in the United States real estate market burst in 2008 the sudden drop affected not only real estate investments, but also a host of related and seemingly unrelated markets as well. Because binary options trading is less about “hedging” than other markets some theorist speculate it could be hit the hardest, while others theorize the opposite.

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Eight times throughout the year, the Federal Open Market Committee (FOMC) meets to discuss the overall state of the economy and to decide on interest rates. History has shown that the release of their decision nearly always stirs up the markets, making it a great time to get some trading in, particularly in the Forex markets.

Overview of Malta’s New Binary Options Policies

The Malta Financial Services Authority (MFSA) has recently put out a circulation on the policies they have for binary options traders and their licenses. The policies have been put into place to increase existing safeguards because of the complexity of binary options and the high risks that come with them. This means that those who wish to be licensed binary traders will have to be under the standard rules of those with Investment Services Licenses as well as additional regulations.

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The EUR/USD took a slight stumble on Friday. This fall reverses some of last session’s gains. The data is mixed on both continents, but housing and the mixed data are blamed.

Consumer confidence might be the blame for issues in Europe where the Markit flash euro zone PMI fell to 53.7 in July.

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General Risk Warning: Trading in Binary Options carries a high level of risk and can result in the loss of your investment. As such, Binary Options may not be appropriate for you. You should not invest money that you cannot afford to lose. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk appetite. Under no circumstances shall we have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to Binary Options or (b) any direct, indirect, special, consequential or incidental damages whatsoever.

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