As soon as the binary options industry was born, Israel became an international haven for the marketing and development of platforms in the field of binary options. But it seems that the Israeli authorities have decided to stop this process. It all started with restricting access to binary options to potential clients to Israeli citizens, but now the authorities have gone even further. Now foreign companies will be denied access to the Israeli market in principle.
The Governor of the Israel Securities Commission made a statement that amendments to legal regulations are expected, namely, a ban on advertising binary options abroad will be introduced. According to him, this harms the image of Israel.
This statement followed after newspapers published many articles attacking trading. In this regard, Forex was significantly oppressed and almost completely cut off all opportunities to trade binary options. Now it is the turn of foreign companies that offer trading services in Israel. But as always, this is a double-edged sword, because then the company’s support services and call centers will close, and this will undoubtedly affect the reduction of jobs in Israel.
