de | cn | ru

Brokers News

Banc de Binary Gets Binary Options License from CySEC

Jan 09 2013
By
Forexbrokerz.com

Back in May 2012, SpotOption was the first company to comply with the Cyprus Securities and Exchange Commission’s (CySEC) requirement to obtain a binary options license. This allowed the software provider to operate white label agreements along with rendering its binary options platform. 

 
Just a few months later, one of the bigger brokers using SpotOption’s platform – Banc de Binary – is following these steps and has just been certified and authorized by CySEC. This is good news for binary options traders as it lets them trade with Banc de Binary’s pretty decent trading conditions and enjoy the extra security granted by the new license.
 
Speaking of trading conditions, I should probably mention the average returns one gets with this broker: 75% on High/Low EURUSD options, 70% on 60 Second options, and 400% for One Touch. These are not the highest returns you can find on the market, yet they fall into the average percentile, making the broker pretty attractive. 
 
Up until the middle of 2012, the binary options market was a “free state”, with no regulatory bodies interested in overseeing binary brokers. CySEC was the first one that took the decision to accept binary options as a financial instrument in compliance with the European Union’s legislative framework, and therefore require binary options brokers to get a license. 
 
Unfortunately, for the time being CySEC is the lonely warrior in this quest and many brokers choose to take advantage of this either by registering with gambling authorities instead of with financial ones, or by not registering at all. 
 
There is a silver lining, though: as I mentioned in another article, the Japanese FSA is also considering binary options regulation. Right now, all new activity on this market has been put on hold until the authorities take a decision on what to do. Rumor has it that High/Low options might be prohibited at all as they are to a greater extent a form of gambling. The new Japanese regulations may also have  a take on the options expiry periods (60 Second options are likely to be banned), and maximum sums traded and/or lost by the traders will probably be monitored as well. 
 
If this new legislation is implemented in Japan, other markets may follow as well, imposing rules on binary options trading in order to keep fair operations and protect the customers. Right now, of course, I can only speculate about this – and hope to see it happen – but time will tell whether Banc de Binary was the first broker to take a strategically wise decision and get in the clear with authorities. 
TAGS: binary options  Banc de Binary  SpotOption  CySEC  binary broker  binary options regulation  Japan  FSA 

More news about Banc de Binary

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK, Bulgaria FCA, FSC Web €29 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

More Forex Brokers News

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand Trading.com

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Trading.com. Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

  Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

  Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

  Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

de | cn | ru