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The US bars binary options firms from targeting consumers unless they are operating through registered exchanges and contract markets, of which only a handful of companies are.
While a ban on firms targeting Israeli consumers has been in place for some time, the government is now working on a law to ban the industry from its shores altogether. But all too often, innocent people lose their savings when they are lured into offers to trade in binary options, pitched to them over the telephone, without being informed of the financial risks to which they are being exposed.