Forex

Brokers News

Banc de Binary In Negotiations With CFTC About US Regulations

It's fun to do Forex trading in the US lately, either as a trader or a broker. You know what I mean – all those charming rules and regulations, the NFA messing with brokers... It actually comes as a surprise when I hear there's someone who actually wants to be regulated in the States.
 
I guess that Banc de Binary must be very brave to make this attempt: as of yesterday, the American binary options broker has entered into negotiations with the Commodity Futures Trading Commission (CFTC). The goal is to have binary trading regulated in the US. This would legitimize binary options as a financial instrument and give more credibility to companies that offer binary options trading. It would also bring security to traders – after all, we all feel safer having some legislature to lean on when putting our personal finances at risk. 
 
Of course, considering the fact that Banc de Binary recently made the news with its decision to open a new headquarters in Cyprus and get the CySEC license, the desire to be US-regulated is understandable. In fact, it sounds fairly reasonable to me. The part I find more interesting, though, is that Banc de Binary will not be allowed to accept new US customers for as long as negotiations last. Previously registered account holders and foreign customers will retain full access to all services, of course. So, it was fine to open an account before the regulation talks, but it is forbidden now. It almost seems like requesting specific legislation to legalize a binary options in the good old US of A has more disadvantages than it has benefits, doesn't it?
 
Nonetheless, the decision to operate only in regulated countries is commendable. Especially since it would also help turn binary options into a legalized financial product and will improve its image – which is good news for binary traders. It just seems sad that a company has to move all the way to Europe to get its regulation (for the time being, Cyprus is the only country acknowledging binary options as a financial instrument, and Japan is working on such a regulatory framework), and its own country seems reluctant to assist it in legalizing a trade that, when all is said and done, is both profitable and popular. 
 
About Banc de Binary 
 
Banc de Binary is a privately held trading and investment firm operating out of the USA, regulated by CySec. The broker’s binary option services are powered by SpotOption – one of the largest binary options platform providers. It allows trading in a number of option types: Digital Options Pro, the Option Builder, the One Touch Platform, the 60 Second trading platform, and BinaryMETA.
TAGS: banc de binary  CFTC  binary options  binary options trading  trading regulations 

More news about Banc de Binary

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
UK, Australia FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Cyprus CySEC MT4, MT5,
cTrader
$300 Review Website
Belize IFSC MT4, MT5 $100 Review Website
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review Website
Seychelles FinaCom MT4 $10 Review Website
Belize IFSC MT4, Web $500 Review Website
Cyprus CySEC MT4, Web $25 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website

More Forex Brokers News

FXTM becomes a sponsor of rookie IndyCar driver Ed Jones

May 26 2017 12:42:01

Unlike most forex and binary options brokers that ink sponsorship deals with football teams, FXTM is into more adrenaline-driven sports. The broker today announced yet another sponsorship agreement– with rookie IndyCar driver Ed Jones. Read more

FXChoice comes up with a new loyalty programme, Pips+

May 25 2017 07:13:15

As a part of its continuous effort to update its services and offer better trading conditions, forex broker FXChoice launches of Pips+, its new loyalty programme. Pips+ is designed to reward the most active traders by reducing their trading costs up to $1.5 per standard lot on EUR/USD. Read more

ThinkMarkets buys mobile app Trade Interceptor

May 23 2017 11:21:40

Leading global brokerage ThinkMarkets announced on Tuesday it has acquired Trade Interceptor, which currently is one the world’s fastest growing mobile trading apps. Read more

Forex

Spain’s CNMV warns against non-regulated TradeV, among other brokerages

May 22 2017 14:30:34

Spain’s financial watchdog, the Comision Nacional del Mercado de Valores (CNMV), has issued warnings against TradeV (tradev.com), and several other unregulated forex and binary options brokers. Namely, these are TorOption (toroption.com), OptionCM (option-cm.com), 53Option (53option. Read more

Forex.com to launch affiliate program

May 17 2017 07:51:31

Gain Capital, the largest forex broker on the US market, announced the launch of new affiliate program, called GAIN Affiliates. This is a performance based program offered to affiliate partners of multiple retail trading brands of Gain Capital - CityIndex & Finspreads first, and Forex. Read more

Global Brokerage announces poor financial metrics for Q1, will probably delist from the Nasdaq

May 16 2017 08:01:39

Global Brokerage, Inc. (formerly FXCM Inc.) released on Tuesday poor financial metrics for Q1 of 2017, which are hardly surprising after the company’s dramatic exit from the US market. Read more

Windsor Brokers adds CFDs on currencies and metals to product portfolio

May 15 2017 11:53:07

Windsor Brokers, a Cyprus-regulated forex and CFD broker, announced previous week that it launches CFDs on currency futures and metals to its MetaTrader 4 account. Read more

IG starts offering retail IPOs on investment platform

May 04 2017 13:40:53

IG, one of the largest forex, CFD and spread betting (UK only) brokers said it starts offering retail IPOs on its Investment Platform. Read more

IG changes margin requirements, tiering structure

May 03 2017 08:37:26

IG, one of the largest forex, CFD and spread betting (UK only) brokers, informed its clients that it is lowering the margin requirements on some of the tradable instruments in its portfolio – the Japan 225 index, spot gold and some forex pairs. Read more

easyMarkets’ proprietary platform now available as mobile app

Apr 26 2017 13:57:53

As trading on the go becomes increasingly popular among traders, easyMarkets, a global forex broker regulated in Cyprus and Australia, announced the launch of its new mobile app on Wednesday. Read more

Forex