Utilizing a regulated binary options broker is not a warranty that your money are secured. CySEC isn’t the same as the united states CFTC, and will not offer traders the same degree of safety of their money.
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The problem of broker regulation found light through the Cyprus financial meltdown in 2013. Many binary option investors were worried about the security of their trading accounts. Your best option for a binary options trader is to get hold of a regulated broker and have where trading account money are deposited, and what assurance, if any, the broker can offer to ensure your cash is safe.
Traders should open up accounts with two different regulated binary option brokers. Try the trading platform, check the withdrawal methods and make sure that it is simple to make withdrawals. Below we set the official regulatory bodies to check if you broker is regulated binary options broker or not, check the list below:
Australia – Australian Securities and Investments Commission – http://www.asic.gov.au
Canada – Investment Industry Regulatory Organization of Canada (IIROC) – http://www.iiroc.ca
Cyprus – Cyprus Securities and Exchange Commission – http://www.cysec.gov.cy
Czech Republic – Czech National Bank (CNB) – http://www.cnb.cz/en
Denmark – Finanstilsynet (The Danish FSA) – http://www.finanstilsynet.dk/da
France – Banque de France (BDF) – http://www.acpr.banque-france.fr
Germany – Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin) – http://www.bafin.de/EN
Hungary – Pénzügyi Szervezetek Állami Felügyelete (PSZÁF) – http://www.pszaf.hu/en
Italy – Commissione Nazionale per le Società e la Borsa (CONSOB) – http://www.consob.it
Japan – Financial Services Agency – http://www.fsa.go.jp/en
Malaysia – Securities Commission of Malaysia – http://www.sc.com.my
Netherlands – Netherlands Authority for the Financial Markets (AFM) – http://www.afm.nl
Singapore – Monetary Authority of Singapore – http://www.mas.gov.sg
Spain – Comisión Nacional del Mercado de Valores (CNMV) – http://www.cnmv.es
Slovakia – National Bank of Slovakia (NBS) – http://www.nbs.sk
South Africa – Financial Services Board (FSB) – http://www.fsb.co.za
Sweden – Finansinspektionen (FI) – http://www.fi.se
United Kingdom – Financial Conduct Authority (FCA) – http://www.fsa.gov.uk
United States – U.S. Commodity Futures Trading Commission – http://www.cftc.gov
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