Regulatory Oversight Is The New Buzzwood In Binary Options
What started a one brokers dream of going legit has started a new trend that is catching on in the binary options industry.
Cincinnati (I-Newswire) August 18, 2013 - What started a one brokers dream of going legit has started a new trend that is catching on in the binary options industry.
What seemed like a novel idea back in January when Banc De Binary stopped accepting American traders and registered with CySEC and the FSA has now become common place for serious brokers.
The binary option industry is now split between regulated brokers catering to non US traders and the unregulated brokers still catering to traders from America and Canada.
Although the SEC & CFTC are shunning the industry, the CySEC in Cyprus and the FSA in England and Banque de France, CONSOB, CNMV, AMF, BaFin, Finansinspektionen, Finanstilsynet, PSZƒF, NBS, and CNB have taken the approach to modify their current regulatory environment and cater to the needs of traders for a product that is easy and fun to trade like binary options.
Binary EX covered the latest news about Regulated Binary Option Brokers since this is important to trader seeking a safe place to trade and to have the assurance that their funds are safe and the company is monitored by a regulator.
Since the start of 2013 over six different brokerage firms have been authorized by CySEC to offer binary trading in a regulated environment. There are scores of brokers who are either preparing their applications or have already submitted their application for regulatory oversight from CySEC.
As goes the legitimate trading world so goes the world of scam brokers and shady operations. It is very hard to stay up to date on which brokers are scams and which brokers are legit due to the many confusing complaints traders will find on various online forums. BinaryEX put together a general guideline for traders to understand regard scam binary brokers.
Binaryex has a network of industry insiders bring traders the latest news and broker information. For the latest in Binary Option Broker news stop by and visit them at http://www.binaryex.com
About Binary Options Exchange
Binary Options Exchange
PO Box 541084
Phone : 4436200203
Published On:August 18, 2013
Print Release:Print Release
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