Exclusive: CySec Calling – 24option Gets Regulated

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 continues to prove itself as the ‘go to’ destination for binary options regulation. As a springboard to legally marketing and soliciting clients from in the EU, demand from binary options brokers to become regulated in Cyprus has caused overall CySec applications to soar, even as the country’s financials have soured. Becoming the newest member to be regulated in the country, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates has confirmed that leading binary options broker, 24option, has had its application approved. Operating under the registered business of Cbay Financial Services Limited, 24option is the trading name for the company’s binary brokerage business.

The licensing was rumored to be in the works for a while, as it became clear that EU countries were taking a closer look at binary options brokers. Most recently, Italian regulators coordinated with ISPs to ban IPs of unregulated brokers that were marketing in the country. While 24option wasn’t included in the list of brokers of the IP ban, it did put the company on guard to finalize its licensing process.

Among the largest, if not the largest, binary options broker by monthly volume and deposits, the regulation presents the firm the ability to extend the reaches of its existing marketing and affiliate exposure around the world. With the majority of brokers being unregulated, Cysec licensing has become a distinguishing feature in the world of binary options.

In addition to regulation, in other news, 24option recently became the first binary options broker to partner with Trade Interceptor. The relationship allows users to trade binary options along with forex, on the multi-broker trading interface.