South Africa: The next destnation for binary options brokers?
In an environment of rising regulatory pressure against binary options brokers in Europe and looming prohibitions even for the regulated companies, they are seeking new markets to expand.
It is true that the European countries, the US and Canada are the most wealthy, but they have their limitations, especially when it comes to binary options brokers. In the US, for instance, are allowed only exchange-traded binary options and in Canada, there are no regulated binary options brokers. The latter naturally does not stop the binary options brokers – both unregulated and regulated in other countries – to approach clients from Canada, but that’s different story.
So where else should the binary options brokers try their luck? The obvious answer is countries where the mass of the middle class is developing, along with the numbers of the really wealthy population. One such example is South Africa.
Posted by max at 4:22 PM