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MAS: Don't trade in binary options on unregulated platforms

It says these are high-risk instruments, and many trading platforms are fraudulent and based outside Singapore

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MAS said on Tuesday that, contrary to promises of low investment risks with exceptionally high returns, binary options are speculative and risky investment instruments.

Singapore

IN the wake of complaints from investors who have suffered losses, Singapore's financial markets regulator has warned against trading in binary options on unregulated platforms.

The warning to the public by the Monetary Authority of Singapore (MAS) follows the one from

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