24Options and ZoneOptions Now Share CySEC Registration

Two Binary Options trading brokers, 24Options and ZoneOptions, changed their CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term registered company and now share the same license under the Cyprus Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission (CySEC), according to an announcement made by the regulator last night. The move was actually completed a while back but only just released for publication by CySEC.

Before the move, ZoneOptions, which was launched by 24Options group as a separate brand a while back, was registered under the company name of Rodeler Limited, and 24Options was registered as Cbay Financial Services Ltd. Now the two companies, some of their ownership overlapping, have decided to operate both brands under the same regulatory umbrella, apparently to optimize operational costs.

Cbay Financial Services Ltd. renounced the CIF license it had from CySEC according to its announcement, and now both 24Options and ZoneOptions are brand names owned and operated by Rodeler Limited.

This continues a new trend we witness in the binary options market where successful binary brands launch new, separate brands in order to further their business, as growing a single brand beyond a certain peak it reaches proves to be challenging.