Germany considers to follow the steps of other Western European authorities and to possibly impose a ban on trading in binary options and contracts for difference (https://smnweekly.com/2016/10/04/germanys-bafin-mulls-banning-binary-options-cfd-trading-instruments/) according to Anja Schuchhardt, a press officer of the Federal Financial Supervisory Authority (BaFin) of Germany.
The German financial regulator follows suit of other reputable authorities in Europe. Belgium banned from 18 August the distribution via online channels of over-the-counter (OTC) binary options, spot forex, and CFDs with leverage. France also announced recently that it is in the process of developing a bill that would prohibit online advertising of “highly speculative and risky financial contracts”, such as binary options, forex and CFDs with a leverage greater than 1:5. Meanwhile, the Netherlands has also announced that it considers ban on the advertising of such instruments, calling them “toxic investment products for consumers”.
The German financial regulator follows suit of other reputable authorities in Europe. Belgium banned from 18 August the distribution via online channels of over-the-counter (OTC) binary options, spot forex, and CFDs with leverage. France also announced recently that it is in the process of developing a bill that would prohibit online advertising of “highly speculative and risky financial contracts”, such as binary options, forex and CFDs with a leverage greater than 1:5. Meanwhile, the Netherlands has also announced that it considers ban on the advertising of such instruments, calling them “toxic investment products for consumers”.