"Binary Options Australia" was not a specific company but a collective term for brokers and platforms that provided binary options trading to the Australian market. These instruments are contracts that pay a fixed amount if a specific price condition is met at expiration, otherwise, the investor loses their entire stake. Due to significant losses by retail clients, the Australian regulator, ASIC, investigated and subsequently implemented a permanent ban on the sale of binary options to retail investors, citing that the product's risks and features were inappropriate for that market segment.

Founded in

Australia