Cyprus Licensed Binary Option Brokers

The Cyprus Securities and Exchange Commission is the main regulator of binary option brokers. Based in Cyprus, which is a member of the EU (European Union), CySEC is by far the largest government regulatory agency when it comes to this area of financial markets.

Although there are currently over two hundred brokers, the CySEC only gave licenses to about ten binary option brokers. All EU member states recognize the CySEC license of financial investment companies.

The reason traders mostly choose to use a CySEC regulated broker is because of the complaint form (click to view). When a trader has a withdrawal problem at an unlicensed or unregulated broker, who is the trader going to turn too? The sad truth is no one! The trader is basically screwed out of their money.

Here is details about brokers licensed by the Cyprus Securities and Exchange Commission. If the broker you are researching is not on this list, there is a good chance they do not have a license.

24option is a popular CFD broker, licensed in Europe by CySEC. Minimum deposit is only $100, plus their trading platform is easy to use, see here.

Alvexo is a great Forex broker that is licensed by CySEC in the European Union. They offer a nice web based trading platform which you may like, see here.

eToro are “Social Trading” brokers licensed by CySEC and the FCA in England. You can trade yourself, copy other traders, or invest in a CopyFund. Learn more at: eToro.com.

Orbex is licensed by CySEC, and they offer a nice selection of auto trading software, see here. They are also popular because of their tight spreads, look here.

Sorry, comments are closed for this post.