It is advisable to select a binary options broker which is regulated as opposed to one which is not. The fundamental reason for this is that one who is regulated is showing a commitment to offering a reputable, trustworthy and secure service. Part of this involves keeping trader funds separate from broker funds; this ensures you can access your funds whenever you need them; even should a broker have to file for bankruptcy.
A trader who has an issue with a regulated binary options broker also has the option to complain to the regulatory body who will investigate on their behalf. Any firm registered with CySEC can be confirmed by contacting CySEC or visiting their website.
There are several regulated binary options brokers which comply with these conditions:
As their name suggests, this broker concentrates on dealing with currency pairs and offers a good level of returns.
This firm is registered with CySEC, the FCA, CONSOB and a variety of other bodies. They offer a wide array of assets which can be traded on their site.
This new broker uses the extremely popular Spot Option platform and has a range of excellent bonuses.
- Banc De Binary
This broker is registered with CySEC and the UK regulatory body FCA. They provide signals to help you trade successfully and a good welcome bonus.
This firm provides a small bonus without the need to deposit funds! They are also CySEC registered and use the Spot Option software.
This broker is one of only two to have an Australian license and asks for just a $10 minimum deposit.
This is another broker registered in Europe who offers a range of trading signals and needs just $100 to open your trading account.
This firm has its own software platform which is easy to use. They are also regulated by several different bodies.
This is another Cypriot based and regulated firm with a good range of services.
This broker utilizes the latest binary software platform; Optimus trading and is registered with CySEC. They offer a refreshing and informative approach to trading.
This firm has developed its own signaling software and is registered with CySEC.
There are a range of official organizations which use the following abbreviations:
- MiFID – this is the abbreviation you will see when a broker is registered with any European country, whether the FCA (for the UK), AMF in France or the BaFIN in Germany.
- ASIC – The Australian body which very few brokers have managed to reach the strict standards set by.
- CySEC – This is the largest regulatory body in the world at present.