As traders across the globe are rising up to the profitable opportunities inherent in binary options trading, their countries are finding it increasingly hard to regulate the binary options brokers to ensure that traders don’t part with their hard-earned cash because of fraudulent activity.
Many countries now have their own financial regulators that are responsible for regulating binary option brokers and other commodity exchanges. As dependable scam broker investigators we bring you in-depth information on some of the leading names in the broker industry. This also includes their regulation information such as the country in which they are registered as well as their regulatory authority. However as the trader, the onus falls on you to ensure that:
- The broker is in fact registered with the aforementioned regulator.
- The broker has a valid license for the work they do.
At the same time, it is also important to understand that “regulation of brokers is an advantage, not a necessity.” This simply means that just because a broker doesn’t fall under a regulatory authority, it isn’t a valid reason to doubt their services. There are many other variables in the picture. However, being regulated from a trusted authority does make their services and claims more reliable.
A well-regulated binary options broker promises a secure trading experience and transparent investment policies. In fact, as a trader, your main concern should be to ensure the safety of your funds and signing up with a regulated broker is definitely a step in the right direction.
Here is a list of regulatory authorities from across the globe. Check if your broker is registered:
Binary Options Regulators
Australia – Australian Securities and Investments Commission – http://www.asic.gov.au/
Canada – Investment Industry Regulatory Organization of Canada (IIROC) – http://www.iiroc.ca/
Cyprus – Cyprus Securities and Exchange Commission – http://www.cysec.gov.cy/
Czech Republic – Czech National Bank (CNB) – http://www.cnb.cz/en/
Denmark – Finanstilsynet (The Danish FSA) – http://www.finanstilsynet.dk/da/
France – Banque de France (BDF) – http://www.acpr.banque-france.fr/
Germany – Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin) – http://www.bafin.de/EN/
Hungary – Pénzügyi Szervezetek Állami Felügyelete (PSZÁF) – http://www.mnb.hu/
Italy – Commissione Nazionale per le Società e la Borsa (CONSOB) – http://www.consob.it/
Japan – Financial Services Agency – http://www.fsa.go.jp/en/
Malaysia – Securities Commission of Malaysia – http://www.sc.com.my
Netherlands – Netherlands Authority for the Financial Markets (AFM) – http://www.afm.nl/
Spain – Comisión Nacional del Mercado de Valores (CNMV) – http://www.cnmv.es/
Sweden – Finansinspektionen (FI) – http://www.fi.se/
United Kingdom – Financial Conduct Authority (FCA) – http://www.fsa.gov.uk
United States – U.S. Commodity Futures Trading Commission – http://www.cftc.gov