collapse

Author Topic: Turkish regulator to sue binary options brokers and block their websites  (Read 1414 times)

Offline Phillip

  • Newbie
  • *
  • Posts: 2
Ever since Turkish regulator CMB (Capital Markets Board) blocked forex brokers from soliciting local clients without getting a local license many of them have simply shifted to offering binary options which they thought werent of interest to CMB.

CMB however had different view on this matter and has moved quickly to cumber the excessive binary options marketing to Turkish clients.

CMB published the following document http://www.spk.gov.tr/apps/haftalikbulten/displaybulten.aspx?yil=2012&sayi=23 mentioning that it deemed several binary options brokers as committing a crime and will sue them as well as require local ISPs to block access to these websites for Turkish citizens.

CMB named:

www.optionfair.com (IP No: 85.159.234.47)
www.optionrally.com (IP No: 24.27.250.49 and 24.27.250.9)
www.tradesmarter.com (IP No: 79.125.7.162)
www.vopsiyon.com (IP No: 80.252.94.92) vopsiyons website was taken down and CMBs warning was published on it, all clients are asked to withdraw their funds. This is probably the
www.anyoption.com (IP No: 89.191.219.193 and 89.191.219.194)
www.multiyatirim.com (IP No: 80.252.94.32) another broker based in Turkey it site is now inaccessible, potentially its server was taken down by CMB as well
It seems CMB is taking this matter very seriously and renders binary options as non-financial market instrument hence categorizing it as a gambling product. CMB already filed complaint with local prosecutor and is going after these brokers and potentially after others as well.

forexmagnates

 

browse forum

* Recent Posts

Re: Oportunis by oportunis
[Today at 12:03:26 AM]


Oportunis by donnaforex
[Yesterday at 08:51:23 PM]


Re: Archer Asset Management by Nasdaq100
[Yesterday at 06:06:09 PM]


Re: Your biggest nightmare in trading by Hilapur
[Yesterday at 03:52:16 PM]


Re: Best Quotes by Eliza Abrams
[Yesterday at 02:59:20 PM]


Re: EUR/USD by Eliza Abrams
[Yesterday at 02:58:34 PM]


Re: Balanced FX Portfolios - Forex Copy Trading Accounts by vik2001
[Yesterday at 02:45:33 PM]


Re: Archer Asset Management by Archer Asset Management
[Yesterday at 03:56:47 AM]


Re: Archer Asset Management by F1Maniac
[Yesterday at 03:13:22 AM]


Re: How long to keep your strategy running before you decide is not working anymore by diyforexskills
[Yesterday at 02:26:48 AM]