Regulated Binary Options Brokers
With the number of regulated binary options brokers increasing, with Banc de Binary as the latest to join the list as it registers with FSA in the UK, fans, brokers and traders can’t help but feel happy as they welcome this significant change in the industry. As Plus 500 is also about to join the market, new and expert traders already feel confident because more reputable brokers exist.
Interestingly, among the top three binary options brokers - 24Options, AnyOption and Banc de Binary – only the latter is regulated. But make no mistake because it doesn’t mean that 24Options and AnyOption are not credible brokers. Truth is that these two and Banc de Binary are preferred brokers when talking about trading huge amount of dollars. If you are eyeing 24Options as your broker, but are having second thoughts because it is not regulated, you can opt to wait because the company is already on its way to being one of the regulated binary brokers as it is on final stage of the regulation process with Cyprus Stock Exchange Commission or CySEC.
The Banc de Binary announced its FSA regulation in February. For this, competitions against other brokers – particularly those in the list of top binary options brokers – become real and more exciting. When 24Options finally makes its CySEC regulation public, expect tougher competitions in the binary options trading industry.
If you heard about the crisis in Cyprus and you are worried about your investment, you can just call the broker and ask about your concerns and your account information. Never hesitate; it's just normal, especially if you have invested huge money in binary options trading. Your queries will be entertained by the customer support staff. If you have premier account, you can directly talk with your personal account manager.
About two years ago, Cyprus, Cayman Islands and Gibraltar were the locations of many registered binary options brokers. However, the negotiations made by Banc de Binary in December with CFTC prompted them to discontinue accepting US traders. The talks are about acquiring license to become a regulated broker for trading binary options in the America.
With all these new developments on the number of regulated binary options brokers, binary options trading is slowly transforming into becoming a regulated investment platform.
Banc de Binary, now regulated with CNMV, BaFin, CONSOB and most recently FSA, they can now start welcoming traders from Spain, Germany, Italy and UK.