Apple and Google pull binary trading apps from their stores after financial scams

A recent investigation by The Independent uncovered a financial scam that was placing thousands of people at risk. An increasing number of binary trading options have proved to be fraudulent, and in the UK they fall outside the control of financial regulators. Binary option scams have been described as "possibly the biggest financial scam in the world," and Apple and Google have cleared hundreds of trading apps from the App Store and Google Play after a review by the Australian Securities & Investments Commission (ASIC). ASIC said that it has looked at a large number of apps offering binary options… [Continue Reading]