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Apple and Google block hundreds of financial trading apps as seniors lose their life savings

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Apple and Google block hundreds of trading apps as seniors lose their life savings
Financial trading apps are cool - you have your stock or options portfolio right underneath your thumb wherever you go, and can react within seconds with a buy or sell order. Unless you are a senior, lulled into binary options trading by apps called Tradorax or Binary Uno, and lose your entire life savings in the process.

That's exactly what happened to a number of people, prompting a UK newspaper investigation, and a subsequent request by the financial regulators there and in Australia that the 330 or so such apps they found in the App and Play stores be shut down. Google and Apple responded swiftly, and are pulling the listed binary option trading apps, after the scale of the problem has been revealed fully. There are new such sites springing up every day, apparently, so just check one of the stories, as words to the wise:


source: The Independent via 9to5Mac

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