1. · The analogy between binary options and gambling led the Israeli Parliament to adopt ever stricter laws to eradicate the Forex scam phenomenon in the Country, although this means prohibiting the whole online investments. Unfortunately, Israel has become 5. · That being said, the entire binary options industry in Israel is feeling the impact and is forced to take defensive measures. In recent months, on a number of occasions Prof. Houser revealed his intention to introduce a legislative amendment that will ban binary options offered to non-Israeli traders and grant the ISA with the power and authority to enforce such ban [2] 6. · Israel's parliament is due to hold the first of three votes on Monday on a law that would ban the sale of binary options overseas by online trading firms based in Israel
Israel's parliament to tackle binary options ban Monday | Reuters
Binary trading is a big business in Israel. By some estimates there are about firms offering binary israels binary options, employing as many as 15, people. Banned in many countries, it has earned an unsavory reputation for the misleading marketing of financial instruments where investors are almost certain to lose israels binary options money. But only in the last year or so has the industry attracted much public attention in Israel.
Until two months ago, Nujidat, a year-old Israeli Arab from Haifa with a high school education, was working for a Ramat Gan binary trading firm he declines to name. He was there for just six weeks. Unusually, he decided to go public with experience in the binary israels binary options business and spoke to TheMarker this week as well. Did you say in your CV you spoke a foreign language? I came there without knowing what the company did.
I told him no. One or zero. Something pushed me to understand what they were doing, I had to figure out what the dirty business going on here was. He sent israels binary options for a polygraph test. Nujidat passed the test, which he said involved questions about his reliability. He was introduced to his team and asked to choose a name for his job. He gave me the last name Akram and the first name Aladdin. Many of the others took on the name of celebrities from the Arab world, which Nujidat said is common practice in israels binary options industry.
How did a standard pitch to a new prospective customer go? Everything okay? We want you to invest in the stock market. Nujidat confuses stocks markets with israels binary options companies that trade on them.
We would give them names of companies. We said we were a bourse company in London. Sales reps can say whatever they want. I never made these calls — I only listed in and completed the orders, israels binary options. Did you get the impression that the clients you approached understood something about stock market trading? The money would go to the company, israels binary options. After they put in the money, the account manager would come back to them that would happen within an hour.
The account manager would take advantage of that and tell the customer to put in more money. That would come to the back office.
The department would than tell the sales rep to convince the client not to withdraw and start a war of attrition with him so they would think twice about doing it. They would never give the client back his money. The Saudis spend money on women, why not just take it from them? Shelly Appelberg Jan. Get email notification for articles from Shelly Appelberg Follow, israels binary options.
Open gallery view. Adam Nujidat - a former binary options trader who spills it all on the booming industry in Israels binary options Credit: Gil Eliahu. An investor sits in front of an electronic board showing stock information at a brokerage house. Credit: Reuters. Tags: Israel business news. In the News Dangerous days LIVE UPDATES Post-Netanyahu Israel - Religion President Herzog TikTok Bella Hadid.
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, time: 5:29Another case of “vast fraud” in Israel’s ever-shady binary options industry « Aletho News
4. · Times of Israel adds: The fraudulent binary options industry flourished for over a decade, from , until it was outlawed by the Knesset in Many of the Israeli firms have since relocated overseas and continued the scam. Israel has not prosecuted any of the thousands of employees of the binary options industry 1. · The analogy between binary options and gambling led the Israeli Parliament to adopt ever stricter laws to eradicate the Forex scam phenomenon in the Country, although this means prohibiting the whole online investments. Unfortunately, Israel has become 6. · Israel's parliament is due to hold the first of three votes on Monday on a law that would ban the sale of binary options overseas by online trading firms based in Israel
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