sharing his story with the rest of the readers is invaluable. First, to the Chinese government and its recent postings on the matter. As the Chinese government was shutting all these trading options, Forex was becoming the only option. LR: Paul, you said Chinese regulators followed the West introducing changes to the regulations but with a unique Chinese way. Probably, because the pronouncements and statements likely doom their business models, heavily dependent on advertising from brokers looking to reach the China FX market. This is not simply a matter of good quality translation, but also offering local indices like A50 and CSI300 and the ability to trade in Yuan. However, I assume many of your readers represent regulated and listed companies that in some way or the other operate in China and they want to know what the new rules in China are. Binary is 100 Market Making, but seemingly more legitimate to the IBs. We decided not to challenge them and took the changes to the rules seriously. Luis : Well, this is my story and my meeting with the regulators. China is very important to our organization and in 2017 we have applied for a license to sell all regulated Chinese financial products.
Binary options in china
First impressions count always! LeapRate Exclusive, further to our report from last week that China regulators are changing their tune when it comes to Retail FX and starting to kick foreign FX brokers out of the country which seems to have generated a lot of buzz and discussion in the. Luis : I am glad you asked that question and I am probably the best person to answer. We want to be in China, we want to sell what China allows us to sell in China and we want to grow in China. However, we did what they wanted us. The previous conversation was with bmfn CEO Luis Sanchez, while the one presented below is with parent company Boston Merchant Financial Ltd. Many of these copies are written in some backroom by a couple of programmers. If you attended the Money Show in Shanghai in December of last year, it was full of Forex brokers, mostly Chinese. We were proud to service our Chinese customer base in Pudong for the past ten years.
Since the price returned almost back to the breakout level, I made 170 on my Binary Option trade, whereas I would have made 0 and even paid for the spread had I traded theRead more
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