• About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$26,564.00-0.06%
  • ethereumEthereum$1,591.29-0.19%
  • xrpXRP$0.51-0.78%
  • bitcoin cashBitcoin Cash$208.260.08%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
    • Cryptovibes French
    • Cryptovibes German
    • Cryptovibes Croatian
    • Cryptovibes Czech
    • Cryptovibes Korean
    • Cryptovibes Danish
    • Cryptovibes Dutch
    • Cryptovibes Finnish
    • Cryptovibes Hungarian
    • Cryptovibes Italian
    • Cryptovibes Japanese
    • Cryptovibes Norwegian
    • Cryptovibes Polish
    • Cryptovibes Portuguese
    • Cryptovibes Romanian
    • Cryptovibes Slovak
    • Cryptovibes Spanish
    • Cryptovibes Swedish
    • Cryptovibes Turkish
  • News
    • PR
  • Analysis
  • Crypto
    • Crypto Presales
  • Autotrading
    • Immediate Connect
    • Quantum Flash
    • Bitsoft360
    • Bitcoin360 AI
    • Immediate Edge
    • Bitcoin Code
    • BitAlpha AI
    • Bitcoineer
    • Immediate Experience
    • Quantum AI
    • Bit GPT AI
    • Immediate Bitcoin
    • Vena System
    • Immediate Profit
    • Immediate GP
    • Bitcoin Fast Profit
    • Ethereum Code
    • Immediate Granimator
    • Quantum Prime Profit
    • BitVestment
    • BitIQ
    • BitProfit
    • Bitcoin Edge
    • Bit Index AI
    • Immediate Iplex
    • Yuan Pay Group
    • Metaverse Profit
    • Today Profit
    • Bitcoin Buyer
    • AI Trading Bots
    • Quantum Code
    • Bitcoin Billionaire
    • Bitcoin Circuit
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • BitAI Method
    • Bitcoin Bank Breaker
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Oracle AI
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • BitiCodes
    • Crypto Bank
    • Bitcoin Loophole
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Bitcoin Profit
    • BitQH
    • Bitcoin Trader
    • xBitcoin Club
    • Bitcoin Bank
    • Quantum Hancock
    • Chain Reaction
    • Bitcoin Union
    • Crypto Capital
    • BitQT
    • Quantum System
    • Libra Profit System
    • Bitcoin Sprint
    • Bitcode Method
    • Immediate Fortune
    • Bit Iplex Codes
    • Bitcoin Revolution
    • Bitcoin Method
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • Bitcoin Rush
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Italian Financial Regulator to Introduce Permanent Intervention for Binary and CFD Trading

Sherlock Gomes by Sherlock Gomes
June 22, 2019
in FX Industry
Reading Time: 4min read
Italian Financial Regulator to Introduce Permanent Intervention for Binary and CFD Trading
Rate this post

Commissione Nazionale per le Società e la Borsa (CONSOB), the Italian financial regulator announced on Friday that it will introduce permanent intervention measures for both Binary Options and CFD trading. The permanent measures will be similar to temporary bans set in place by the European authority.

Going after Binary Options and CFDs

The Italian regulator said that it will be introducing permanent measures along the lines of the temporary measures introduced by the European Securities and Markets Authority (ESMA) last year. The permanent restrictions will apply on binary options and contracts-for-difference (CFD) trading. The marketing, distribution, and sale of binary options will be banned for retail investors. Firms based in Italy and from Italy will face these regulations.

Italian Financial Regulator to Introduce Permanent Intervention for Binary and CFD Trading

Marketing, distribution, and sale of CFD to retail investors will also be restricted. According to the regulator, there will be leverage limits on the opening of positions. There will be an automatic closing of positions when an account reaches the margin and protection from a negative balance. There will also be guidelines for CFD providers who fail to pay incentives and warnings about risk in a specific investment.

How will CONSOB carry out the task?

The new measures by CONSOB will come into effect one day after the Official Journal is published. Binary options regulations will be enforced from July 2 while CFD restrictions will be applicable from August 2. The regulator noted that its measures aim to answer significant concerns for the protection of retail investors from binary options and CFDs.

In its statement, CONSOB pointed out that the two products are complex and lack transparency. It also highlighted the disparity between risk and expected returns while questioning the marketing and distribution practices.

CONSOB is the newest in the club of financial regulators who have made ESMA’s temporary measures against binary options and CFDs permanent. ESMA rules, introduced in August last year, introduced new restrictions and leverage guidelines that can help reduce the risk for retail investors. Czech, Estonian and Slovak regulators have already introduced national rules to mimic the ESMA’s guidelines.

The leverage caps suggested by ESMA for CFD brokers are- 30:1 for major fiat currencies, 20:1 for exotic currencies and 2:1 for cryptocurrencies. Traders are also banned from providing welcome bonuses to their clients and must publish mandatory risk warnings with every information they release for the clients.

The ESMA has welcomed and praised the efforts by different European nations to follow its guidelines.

Tags: Binary OptionsCFDsCommissione Nazionale per le Società e la Borsa (CONSOB)Italian Financial Regulator

Related Posts

FX Industry

CFTC Cracks Down on Forex and Binary Options Scams Related to Coronavirus

October 1, 2020
CFTC Requests Entry of Default against A Binary Options Gang
FX Industry

CFTC Requests Entry of Default against A Binary Options Gang

July 8, 2020
FX Industry

SEC Hit Affiliate Marketers Related to Binary Options with $60M Fines

December 31, 2019
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
    • Cryptovibes French
    • Cryptovibes German
    • Cryptovibes Croatian
    • Cryptovibes Czech
    • Cryptovibes Korean
    • Cryptovibes Danish
    • Cryptovibes Dutch
    • Cryptovibes Finnish
    • Cryptovibes Hungarian
    • Cryptovibes Italian
    • Cryptovibes Japanese
    • Cryptovibes Norwegian
    • Cryptovibes Polish
    • Cryptovibes Portuguese
    • Cryptovibes Romanian
    • Cryptovibes Slovak
    • Cryptovibes Spanish
    • Cryptovibes Swedish
    • Cryptovibes Turkish
  • News
    • PR
  • Analysis
  • Crypto
    • Crypto Presales
  • Autotrading
    • Immediate Connect
    • Quantum Flash
    • Bitsoft360
    • Bitcoin360 AI
    • Immediate Edge
    • Bitcoin Code
    • BitAlpha AI
    • Bitcoineer
    • Immediate Experience
    • Quantum AI
    • Bit GPT AI
    • Immediate Bitcoin
    • Vena System
    • Immediate Profit
    • Immediate GP
    • Bitcoin Fast Profit
    • Ethereum Code
    • Immediate Granimator
    • Quantum Prime Profit
    • BitVestment
    • BitIQ
    • BitProfit
    • Bitcoin Edge
    • Bit Index AI
    • Immediate Iplex
    • Yuan Pay Group
    • Metaverse Profit
    • Today Profit
    • Bitcoin Buyer
    • AI Trading Bots
    • Quantum Code
    • Bitcoin Billionaire
    • Bitcoin Circuit
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • BitAI Method
    • Bitcoin Bank Breaker
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Oracle AI
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • BitiCodes
    • Crypto Bank
    • Bitcoin Loophole
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Bitcoin Profit
    • BitQH
    • Bitcoin Trader
    • xBitcoin Club
    • Bitcoin Bank
    • Quantum Hancock
    • Chain Reaction
    • Bitcoin Union
    • Crypto Capital
    • BitQT
    • Quantum System
    • Libra Profit System
    • Bitcoin Sprint
    • Bitcode Method
    • Immediate Fortune
    • Bit Iplex Codes
    • Bitcoin Revolution
    • Bitcoin Method
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • Bitcoin Rush
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.