CySEC licence proves compliance, security and transparency , EU recognition of fast growing and popular form of options trading
Banc De Binary, the leading binary options trading firm, has received its binary options licence from CySEC, the Cyprus Securities and Exchange Commission, making it the first specialist binary broker to obtain a regulatory licence in the European Union.
Banc De Binary explains that binary options are a simple, fast growing and popular form of online options trading. They allow investors to benefit from making a straightforward choice: whether the price of a share, currency pair, commodity or index will go up or down. Since there are only two possible outcomes, risk and reward are transparent for the investor.
In May 2012, following a review of how binary options are regulated in the European Union, Cyprus became the first country to announce the regulation of binary options as a financial instrument, under its enactment of the EU financial services directive MiFID.
After a rigorous approval process, Banc De Binary has demonstrated compliance with all CySEC requirements and regulatory guidelines, and has obtained a full binary options license.
This demonstrates Banc De Binary’s ongoing compliance with all legal, governmental and financial regulations which exist across the European Union.
Oren Laurent, CEO of Banc De Binary, comments:
“Obtaining this licence is a huge step forward, not just for Banc De Binary, but for the binary options trading market as a whole.
CySEC has recognised the security and transparency that we at Banc De Binary offer, and we are grateful to be the very first recipient of a binary options licence.
It is also very positive news for the users of binary options as a whole that this fast-growing form of options trading has been recognised as a legitimate form of investing.
Banc De Binary’s operations are of the highest possible standards. Client funds are always segregated, insured, and protected by the EU Deposit Guarantee Scheme, meaning that clients know that their money is safe. The approval of our services by CySEC shows that we comply with every aspect of the law in this area.”
The company, which already boast 250,000 clients, expects to reach the half a million mark in 2013 now that it is licensed and has a greater appeal to traders looking for financial security.
