Regulation Takes Its Toll

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Regulation Takes Its Toll

FinanceMagnates Tracks Massive Decline In Binary Options Activity

FinanceMagnates working in conjunction with CPattern has developed a tracking tool for the binary options industry that is quite telling. Referred to as the FTD or First Time Deposit benchmark this tool tracks not only the number of depositors but the amount and averages. According to them the binary options industry is in meltdown and that is evident in the number of brokers who’ve closed and others who’ve quit binary in favor of CFD’s and forex. While it does signal a massive change in the industry it is a good one I think and one that will help binary options continue on into the future.

The reason for the decline is because of intensifying regulation. Regulators around the world have stepped up to combat fruad’s related to binary options and that is fantastic. It has led to a decline in successful scams along with the arrest of individuals in the US and abroad which in turn has led to less deposits. It makes sense that if you cut out the fraud there will be a decline in deposits. According to FinanceMagnates total activity for binary options deposits and withdrawals has fallen more than 50% in the first half of the year. Average deposit size is also on the decline, falling more than 80% since the first of the year.

The Warnings Keep Coming

The Manitoba Security Commission has issued a warning against GTOptions. The warnings is in effort to protect consumers throughout the province from investing with this unregulated broker. GTOptions is operated out of Bulgaria and not regulated by any authority that we know of. The MSC added the broker to its black list due to operating in an unregistered manner, failure to comply with Canadian and provincial regulations and soliciting Canadian citizens without authorization.

Spain’s CNMV, the Comision de Nacional del Mercado de Valores, has issued warning against broker GSI Markets. GSI Markets offers a variety of trading options including binary and is not regulated in Spain or anywhere else in the EU. The CNMV also warned about three subsidiaries doing business for or on behalf of GSI Markets. These are Media Soft Limited, Netsoft Limited, and Netmedia Markets OU. GSI Markets was also warned by the British FCA for illegally soliciting citizens of the UK. The warning included allegations of operating financial services, another no-no for non-registered companies.

The Bottom Line

While it is evident that regulation is taking a toll on the binary options industry the flipside is that what’s left is, hopefull, better and more trustworthy than ever. Operators such as IQOption have pared back their offerings significantly and what they have has taken on the look of exchange traded NADEX binary options. This means that traders have less choice of broker but the trading is more flexible than ever. The only question is will it last. NADEX has been able to maintain business through the rise and fall of EU style trading, hopefully some of the EU and other brokers can withstand fallout from the meltdown.

Take a toll and take its toll

The phrases take a toll and take its toll are idioms. An idiom is a word, group of words or phrase that has a figurative meaning that is not easily deduced from its literal definition. Common idioms are words and phrases used in the English language in order to convey a concise idea, and are often spoken in conversation or are considered informal or conversational. An idiom can illustrate emotion more quickly than a phrase that has a literal meaning, even when the origin of the idiomatic expression is lost. Many English as a Second Language students are confused by these expressions. They do not understand idiomatic expressions as they attempt to translate them word for word, which yields only the literal meaning. In addition to learning English vocabulary and grammar, one must understand the language of idiomatic phrases and slang in order to know English like a native speaker. We will examine the definition of the phrases take a toll and take its toll, their origin and some examples of their use in sentences.

Take a toll and take its toll are phrases that describe something that causes damage to someone or something, something that is hard on someone or something or destroys it. For instance, illness may take a toll on one’s body. Sending a child to college may take a toll on one’s bank account. Highway driving may take a toll on a truck’s tires. The phrases take a toll and take its toll are most common in conversational English. The idioms, using the phrases in a figurative sense, appeared in the 1800s, though the idea of literally taking a toll dates back hundreds, if not thousands of years. At that time, various bridges and pathways were owned by the communities in which they were situated. These communities charged a toll for using their bridges or roads. The toll was sometimes a set amount, but sometimes the toll was a percentage of what the traveler was carrying. Sometimes, the bridge keeper extracted a heavy toll, which was an unpleasant experience. The explanation of the meaning and usage of many idioms begins in a literal sense. For instance, hit the sack, meaning go to bed, came from the fact that mattresses used to literally be made of a sack. Letting the cat out of the bag, meaning divulge a secret, came from the fact that swindlers often placed a cat in a bag in order to pass it off as a pig. Words that may be found in a thesaurus as synonyms of the phrases take a toll and take its toll are harm, destroy, damage. Related phrases are takes a toll, took a toll, taking a toll, takes its toll, took its toll, taking its toll. Note that the word its does not have an apostrophe, as it is a possessive pronoun.

There is an undercurrent of pain and purpose to this incarnation of Fisk, as if even simple daily activities like eating or sitting quietly by himself take a toll on his soul and inflict physical discomfort. (Forbes)

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Reese believes that the expenditure of the tree’s stored energy this late in the year will take a toll on all tree species next spring and summer. (The Port City Daily)

As Jose Mourinho prepares to face former club Chelsea on Saturday (Sunday NZT), he is admitting for the first time that the perceived “manhunt” against him is starting to take its toll personally. (The Telegraph)

Being on the road so much can take its toll on one’s physical and emotional well-being. (USA Today)

take its toll

Be damaging or harmful, cause loss or destruction, as in The civil war has taken its toll on both sides , or The heavy truck traffic has taken its toll on the highways . This expression transfers the taking of toll , a tribute or tax, to exacting other costs. [Late 1800s]

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