Update: HY Markets reached out to Forex Magnates and informed us that the broker had made an error when issuing its company statement in April. Their Binary Options unit is in fact ‘pending’ approval by the FCA, and isn’t yet regulated within their existing FCA license as of June 26th 2014.
in fact they made a mistake when issuing their statement in April and the Bianry Options isn’t regulated by the FCA and is pending approval by the regulator.”
UK-based Henyep Capital Markets Ltd. has announced the launch of HY Binary Options, a fully regulated and Financial Conduct Authority (FCA)-licensed company, according to a Henyep company statement.
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HY Binary Options First FCA-Licensed Firm Since Alpari’s Exit
This launch is of particularly relevance to the binary options community given last months exit by Alpari from the industry over regulatory considerations. Henyep Capital Markets Ltd. specializes in a variety of financial products, including foreign exchange, equities, and commodities, among others. With a string of licenses across the UK, Hong Kong, and the United Arab Emirates, Henyep Group and its subsidiaries maintain a truly global presence – its latest push into the avenue of binary options looks to expand on its already diverse suite of products.