Apple Bans Binary Options Trading Apps on App Store

apple bans binary options appsPerhaps you have heard  the news that Apple bans binary options on app store. If not, well you hearing it now! So apple has recently updated their guidelines and policies to binary trading apps stating “facilitate binary options trading are not permitted on the App store”. They recommend that people use the web based applications instead. However sources indicate that for now existing apps will remain (who knows how long for). But updates and new apps will not.

Why Apple Bans Binary Options Trading apps?

This year has been tremendously pressurizing on brokers as regulators are increasing measures to ensure client safety. I believe this is great. Mainly because too many people are been scammed with unscrupulous tactics. The entire industry is basically tagged and not in a good way. So Apple a huge global company has decided to take a stand as well and protect their users against such.  Don’t get me wrong the industry is not a scam. But there are brokers, marketers and list goes on that uses binary options for only their gain and retail clients suffer. Hence Apple most likely took this extreme measure due to many complaints received from users of binary trading apps.



To Conclude with my take on it

So with all the news and stories around the world of binary options I personally think these are good measures. Hopefully these filter out the bad and allow the new to change the good to change perceptions. So don’t be like many people who has been suckered into binary trading by bad companies and people. Leading you and I to believe in get rich fast with trading. Truth is its not like that and we as people need to stop thinking that we can after seen an ad or FB post! There are certain things that should trigger you to stop and think. Personally I like binary trading but I always do checks and balances.

I understand what I’m getting into before doing it. That’s very important! If you know you going to a casino. You know why you going there if you win great. If you lose do you go complaining? No, you were well aware of what you were getting into! Adapt that to trading Forex or Binary. So please do your checks and balances on brokers, If it sounds too good it usually isn’t! Know what you getting into! Be smart and safe.

So will Play Store follow? Comment below 🙂

 

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