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The binary options industry is constantly changing. We will update this page as soon as we find out about any possible changes. If you think any of the information on this site has changed please let us know.
What is a Regulated Broker?
Brokers that have obtained a valid license, and follow strict guidelines, as considered regulated, legal, licensed, authorized or legit brokers.
What is CySec?
CySec stands for Cyprus Securities and Exchange Commission and is an independent public financial regulatory agency. As Cyprus is in the European Union, this license is valid within all EU states. CySec was formed in 2001 in Nicosia, Cyprus and is part of the Cyprus Securities and Exchange Commission Law. The first brokers were regulated in 2012 by CySec, this making the agency the first regulator to recognize binary options as investments.
Regulated vs Unregulated Brokers
Regulated brokers follow strict rules including supervision and control of the operations, imposing penalties to brokers. Being regulated means that the brokers operate in a more transparent way.
This does not mean that unregulated brokers are illegal, immoral or illegitimate businesses. For example the US friendly brokers are not regulated by the CySec, but US traders can still feel relatively safe with these brokers. Us traders have no choice but to join unregulated broker sites.
Legitimate Binary Options Brokers
There are two brokers that stand out from the rest, and are considered industry leaders when it comes to regulations. These two are:
24Option: regulated by CySEC (#207/13), FSA/FCA, AMF, CONSOB, CNMV. They’ve been online since 2010 and are one of the most trusted online brokers.
TopOption: regulated by CySEC, AMF, ACP Banque de France, FSA/FCA, CONSOB, CNMV, BaFin, Finansinspektionen. TopOption is online since 2008 and was one of the first binary brokers online.