Binary options are a completely new way of trading on the market and as such is more than liable to be getting the attention of regulatory services. With its rise in popularity it has only recently started to gain the attention of such regulators. Each day there are more and more brokers who offer their services on the binary trade market and it is only logical that someone keeps an eye on them. Our goal is to help you to find licensed and regulated brokers.
Binary options are growing each day and because of those reasons many agencies are following suit and getting in the action as well.
One of the pioneers, which started keeping an eye on binary option trades back in May 2012, was Cyprus Security and Exchange Commission (CySEC), which opened the door to many other agencies which have joined this trend or have started making plans to do so.
Within the USA, Nadex & Cantor have led the way in creating exchanges which will connect brokers using SpotOption, Tradologic and TechFinancial software. By 2016 there will be CFTC licensed binary options brokers.
The trend has started to pick up across the globe as well and other brokers situated around the world have started arranging regulatory services for their transactions.
For instance, The Japanese Financial Service Authority has been drafted to pose as a regulatory authority for the binary option trades in their country. The Maltese Financial Service Authority (MFSA) has started to make arrangements to pose as a regulatory body in their country. Other countries around the world have started to follow these examples and arrangements have been made with many agencies to start their regulatory services for their local binary options trades.
So if you are planning to open a binary options account and are thinking of marching into the world of binary trade, make sure that you find a regulated broker, like 24Option, and open your account with them. That way you will have more security and a way to regulate the issues that may occur with ease.
Regulated brokers are usually of higher standard and offer better services, and if it happens that some issues or problems with the transactions or payouts occur, you will have a higher power to which you may plea your case to.
On the other hand, do not be so haste to count the unregulated brokers out, because if they are not regulated this does not initially mean that they are scams or hustlers. But if you do decide to venture into trading with unregulated brokers you need to be aware of the risks which that decisions brings. You will be subjugated to transactions without guarantees and no higher power which can act on your behalf in the case of problems or issues.
Stay informed on binary option trade regulations and follow the changes which may occur regarding this subject and always go with regulated brokers first instead of the unregulated ones.