back to article Apple, Google pull options trading apps after Australian regulator shows scams

Apple and Google have pulled options trading programs from their respective app stores after being asked to do so by the Australian Securities and Investment Commission (ASIC). ASIC is the nation's investment regulator and took exception to the apps for facilitating “binary option trading”, a speculative investment that sees …

  1. Your alien overlord - fear me

    Soon Apple will have nothing left in it's store. Oh dear !!!

  2. Sorry that handle is already taken. Silver badge

    Some believe they are little more than gambling.

    Duck, walk, quack etc.

    1. Anonymous Coward
      Anonymous Coward

      I think you find the name for a Binary Option in financial trading circles is a "Bet".

  3. lglethal Silver badge

    FTFY

    "If something appears too good to be true, it probably is."

    No, not it probably is too good to be true - it DEFINITELY is too good to be true...

  4. Doctor Syntax Silver badge

    90% of what?

    1. monty75

      90% of nothing by the sound of it.

      1. Doctor Syntax Silver badge

        "90% of nothing by the sound of it."

        But only up to 90%.

        1. MrDamage Silver badge

          I initially read it as "earn 90% less in an hour".

  5. poohbear

    Binary options is just a fancy name for an online casino with a high house percentage.

    The game should be banned in its entirety.

    1. Hans 1

      100% agreed, FOREX even more so, though ... Binary options mean the silly investor loses, FOREX ruins nations, the lives of millions ...

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