Binary Option Broker Regulation

Online, June 27, 2013 (Newswire.com) - The trend is now starting to catch on and spread. The binary option world is starting to split between regulated brokers catering to non US traders and the unregulated world still catering to traders from America and Canada.

The SEC & CFTC have not taken the same approach that the CySEC in Cyprus and the FSA in the United Kingdom have taken which is to modify the currently regulatory environment and accomidate the demands of traders for a product like east to trade binary options. The only licensed binary options broker in the United States is a company called NADEX.

The reason why European binary option brokers are looks down upon by the SEC & CFTC is because of their closed trading platform in which they are quoting both sides of the trade, unlike a true American exchange which utilized market makers to quote both sides of the trade.

Regulated Binary Option Brokers have been gaining steam in Europe with traders having the assurance of financial regulator that their funds are safe.

Once Banc De Binary received approval in Cyrus, they moved onto gain regulatory approval in the UK & Italy. Hot on their tail is Markets.com who has for a long time been a regulated Forex dealer in Cyprus, they went and started Top Option. Top Option is regulated in many EU countries along with Cyprus and the UK. They are very popular in France which has its own regulatory body and slightly tougher regulations than the CySEC.

Spot Option which is not really a broker but more of a system provider for many broker websites has taken the initiative to get regulation in Cyprus under the CySEC and start including many sites like LBinary under their regulatory umbrella.

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