anyoption Obtains CySEC License for Portfolio Management and Investment Advice
The company is preparing to expand the portfolio of services that it offers across the European Union
One of the biggest binary options brokers, anyoption has just announced that it has added a brand new operating license into its portfolio of regulatory permits. The parent company of the brokerage received authorization from the Cyprus Securities and Exchange Commission (CySEC) to offer a new set of services across the European Union.
In addition to the company’s market maker license, Orobouros Derivatives Trading now has an extension to its permit which allows the firm to provide Portfolio Management and Investment Advice.
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Commenting on the announcement, the CEO of anyoption, Shy Datika, said: “We are proud to extend our Market Makers licence into the areas of Portfolio Management and Investment Advice. anyoption has always put regulation first and we see this extension as an opportunity to introduce to our large and loyal customer base new range of products that are different the traditional Binary Options.”
Anyoption has been expanding the scope of its regulated activity, most recently by a partnership enabling it to enter the South African market. The addition of new credentials for its trading license in Cyprus implies that the firm’s intention is to broaden the scope of its activity as well.
This makes no sense, a binary option broker who makes money on losses giving advice to clients?
Banc de Binary needs to follow suit and move out of Israel and start its operations elsewhere. The BO industry is just about to have explosive growth in the Asian markets.
This is not the time to quit the industry. More players need to come in it. It would pave the way to for a better regulatory infrastructure.