Where do binary options brokers relocate from Israel?

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After the Times of Israel exposed the multi-billion dollar scams binary options the times of israel on in the binary options industry, the Israeli parliament finally banned the practice in Israel. On the 23 rd of October, the Knesset unanimously passed the law to ban binary options in three months. That means the law will come into effect some time in Januaryafter which time the binary options brokers will have to find alternative bases of operation.

And just in case you thought it was over, you would be wrong. As the Times of Israel aptly titled binary options the times of israel companies, the wolves of Tel Aviv, they are not going to just close their doors. To predict where these binary options brokers might relocate to, we first need to look at why they chose Israel to begin with.

The most important factor is human resources. If a company is in the business of making people lose money, they have to recruit new victims actively. As the report stated, these binary options brokers had call centers with about 50 employees each, and there are over binary options brokers in Israel alone.

Furthermore, they needed employees who could speak a variety of languages and be cheap. Israel checks all these boxes because of a huge number of immigrants who would not mind being paid peanuts. Then there is the issue of regulation, where fraudulent binary options brokers prefer to operate in an unregulated market.

Most binary binary options the times of israel brokers will acquire a license from CySEC in order to operate in the EU, but they would not wish to be monitored. Therefore, their main operations remain in Israel where there are no laws regarding binary options the times of israel options trade while retaining a presence in Cyprus. Given these requirements, the binary options brokers will probably move to China. Prior to the October move by the Knesset to ban binary options, there were no laws regarding binary options whatsoever.

Thusly, the binary options brokers could operate unencumbered and without any risk of prosecution. There are also no laws regarding the practice in China, which makes it an ideal location to set up shop. In many countries, financial regulators have either banned binary options or expressly warn investors not be fooled.

Additionally, a huge population in China compounded by immigrants from all over the world would be a perfect source of employees. Stay up to date with the financial markets everywhere you go. Why did binary options brokers pick Israel? Comments 0 comment s Click here to cancel reply. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go.

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The Times of Israel is an Israeli-based online newspaper launched in It was co-founded by journalist David Horovitz , who is also the founding editor, and US hedge fund manager Seth Klarman.

The online English website covers "developments in Israel , the Middle East and around the Jewish world," according to the site's nameplate. It also covers news related to the American Jewish community. The website also publishes Arabic, French and Persian editions. In addition to publishing news reports and analysis, the website hosts a multi-author blog platform. In February , two years after its launch, The Times of Israel claimed a readership of two million.

The Times of Israel was launched in February Klarman has no role in the site's editorial operation. Both the Arabic and French editions combine translations of English content with original material in their respective languages, and also host a blog platform. We're inviting those of our Arabic readers with something of value that they want to say to blog on our pages, respecting the parameters of legitimate debate, joining our marketplace of ideas.

Since , the Times of Israel has hosted the websites of Jewish newspapers in several countries. On November 2, , hackers in Turkey took down the web site of The Times of Israel for three hours, replacing the homepage with anti-Israel propaganda.

How unfortunate, and how badly it reflects on them that the hackers seek to prevent people from reading responsible, independent journalism on Israel, the Middle East and the Jewish world. According to co-founder David Horovitz , The Times of Israel is intended to be independent and not "have any political leanings. Yehuda Avner , a former Israeli ambassador and adviser to several Israeli prime ministers, was a member of the editorial board until his death in March We are independent ; we're not attached or affiliated with any political party.

The law gives all binary options firms in Israel three months since the law was passed to cease operations. After that, anyone involved in binary options is punishable with up to two years in jail. It was a case of investigative journalism at its best and The Times of Israel should be proud of its journalists and editors. In addition to the online newspaper, The Times of Israel hosts an open blog platform for any writer who applies and is approved to become a blogger on the site.

On 1 August , a blogger posted a piece entitled, "When Genocide Is Permissible" [23] in which he argued that the war between Israel and Gaza was being misunderstood and misrepresented by the global media. What other way is there to deal with an enemy of this nature other than obliterate them completely?

On 8 March , an article was posted on The Times of Israel titled "America Desperately Needs a Hate Speech Law", arguing at great length that the United States needed to outlaw " hate speech " in accordance with "international human rights law". The article was posted by an unknown individual using the bogus name "Dinah Silverstein" and a picture of columnist Nancy Goldstein.

The article was deleted and the blogger banned, but the incident led to The Times of Israel being criticized for not verifying the identities of its bloggers. The article described in great detail how Israel should "exterminate" the Palestinians, who were described as "cockroaches" and "vermin". From Wikipedia, the free encyclopedia. The neutrality of this section is disputed. Relevant discussion may be found on the talk page. Please do not remove this message until conditions to do so are met.

September Learn how and when to remove this template message. Retrieved 17 March Retrieved March 27, Gordon 30 June The New York Times. The Times of Israel. Retrieved 25 February Welcome to The Times of Israel Persian". Retrieved 4 November Retrieved 24 January Retrieved November 7, Retrieved November 8, Retrieved 10 September Yochanan Gordon's Post Sparks Outrage". Retrieved 1 August Five Towns Jewish Times. Retrieved 8 September Retrieved from " https: Views Read Edit View history.

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David Horovitz , Seth Klarman. David Horovitz founding editor. Joshua Davidovich Elie Leshem. English , Arabic , French , Persian.