Israel used to be a country with a very high concentration of binary options brokers operating within and out of it, but this is no longer the case,
because after months of deliberations the Israeli parliament, the Knesset, finally banned the binary options industry. (https://www.forexbrokerz.com/news/Israeli-parliament-bans-binary-options-industry)
By a vote of 53-0, the 120-member legislature forbade the industry to operate from within the country and offer its products abroad. This, in essence, means the brokerages will have to shut down their call centers, which solicit new clients abroad.
The final version of the law that was approved by the MPs, has been trimmed in order to include just the binary options brokers, leaving a loophole allowing them to change their business model and continue operating. The first draft of the bill included a ban on unregulated forex and CFD brokers to operate from Israel without a license, but those proposals have been scrapped.
because after months of deliberations the Israeli parliament, the Knesset, finally banned the binary options industry. (https://www.forexbrokerz.com/news/Israeli-parliament-bans-binary-options-industry)
By a vote of 53-0, the 120-member legislature forbade the industry to operate from within the country and offer its products abroad. This, in essence, means the brokerages will have to shut down their call centers, which solicit new clients abroad.
The final version of the law that was approved by the MPs, has been trimmed in order to include just the binary options brokers, leaving a loophole allowing them to change their business model and continue operating. The first draft of the bill included a ban on unregulated forex and CFD brokers to operate from Israel without a license, but those proposals have been scrapped.