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Provided all necessary approvals are obtained, the Binary Options Rule will come into force on December 12, 2017. We believe the Instrument will achieve this goal by raising awareness among investors that the sale of these products is illegal and by disrupting the distribution of these products, including its facilitation through payment processing and advertising.
To this end, the Instrument explicitly prohibits advertising, offering, selling or otherwise trading a binary option with or to an individual. Binary options are also called a variety of other names, including but not limited to. On some platforms, trading may actually take place but it is typically extremely difficult and often impossible to win on the bet (because the platform controls the odds and often the reference value of the underlying interest).