IG Group intentionally distances itself from binary options, instructs affiliates to desist from promotion
Despite being a genuine provider of off-exchange fixed odds bets, IG Group has decided to move away from OTC binary options as the lowbrow firms that have ruined its standing have risen to notoriety.
Off-exchange binary options has become such a derisory subject within the online trading industry during recent times, the dichotomy between genuine retail electronic financial markets and the bogus environment provided by binary options brands becoming ever more poignant.
For this reason, and very wisely, many geninue firms that offer real binary options products – that is fixed odds bets on specific instruments or events with a two-way possible outcome and actually give customers a live market, unlike the large dedicated binary options firms that have created a torrent of discourse among regulatory authorities, investigative entities, law enforecement agencies and central governments on a global scale, have decided to distance themselves from the odious reputation that has been foist upon the products.
The difference between genuine electronic trading and binary options brands is marked out by so many factors that it would be akin to comparing thermonuclear fission to a halibut, however in short, retail electronic trading firms with genuine price feeds and live market connectivity have long been established, and have garnered a loyal client base of astute traders, the companies being operated by astute and diligent financial markets experts.
Binary options by comparison has been hijacked by the plethora of brands that purport to offer a financial product, but instead are operated by gaming and lead buying sharks, who, if asked to describe the functionality of a prime brokerage or how a tier 1 bank distributes electronically traded liquidity, would not know the answer.
Today, British electronic trading stalwart IG Group has taken its steps toward distancing itself further from the negative connotations associated with the words binary options.
Whilst IG Group’s methodology in absolutely no shape or form resembles that of the low grade entities that now find themselves in many cases within the reach of the long arm of the law, the company has decided to completely withdraw its binary options product range altogether.
Indeed, a binary options trader who places a put or call with IG Group is likely to receive the real trading environment and a real market price, without any weighting in favor of the house, and will be able to withdraw. IG Group is a long established, publicly listed British firm and makes up the lion’s share of Britain’s CFD and spread betting sector via its proprietary platform and well recognized quality execution.
However, in an attempt to avoid ‘death by association’, IG Group has today displayed clearly that it understands that discretion is the better part of valor.
Indeed, IG Group is making a conscious effort to distance itself from the binary options sector’s toxic reputation by removing all such products from its range, except for in North America where it is only possible to trade via one of two centralized and dedicated binary options exchanges, one of which is NADEX and belongs to IG Group, and in Japan, where five prices must be made available to traders.
Today, IG Group sent a notification in writing to its affiliate partners, stating the following:
IG has recently decided that we will no longer promote binary/digital 100 products via our affiliates, except in the US and Japan.
This means with immediate effect we’re withdrawing all binary marketing tools for affected countries, and will no longer be able to accept any traffic from websites or pages with content on binaries.
• If you have any sites with URLs containing the word ‘binary’ or a related term, please remove all banners or links to IG from these immediately (except in the US and Japan)
• For any websites that are not primarily about binaries but contain binary sections, please remove links to IG from these sections only
We regret that we won’t be able to pay any further commission on traffic from binary-focused sites or pages, although we will of course honour any payments already due.
You’re very welcome to continue using our other marketing tools and promoting IG on any websites and pages that are not binary-related, or that operate in the US and/or Japan only. Please get in touch if you would like to discuss alternative ways to be affiliated with IG.
Thank you for partnering with us. If you have any questions, please don’t hesitate to contact us.
