Binary options cyprus
For a long time, binary options trading was a popular financial tool for traders. It is one of the easiest ways for a beginner to start trading.
Such options were available in many European countries, and Cyprus was no exception. However, not everything is as simple as it might seem.
Since there binary options cyprus some diceiving brokers in Cyprus, it made people wary as to whether brokers based in it are the right choice or not. Cyprus is part of the European Union and, should follow the European strict trading rules, especially in the case of binary options. Using the Plan, CySEC noticed practices that caused concerns for the investors' protection and resulted in the imposition of fines and licenses withdrawals.
CySEC discovered that CIFs offering investment services in binary options used aggressive marketing approaches and did not always ensure right information to customers about the possible risks in trading. As a result, the clients can't fully understand the risks, and naturally, they also can't make the proper investment decision. As a result, the marketing, distribution and sale of Binary Options to retail clients is permanently prohibited from or in the Republic of Cyprus, irrespective of whether these are traded OTC or on a Trading Venue, pursuant to article binary options cyprus of MiFIR.
Also, the consultation paper offered by CySEC aims to ensure an enhanced approach for a suitable client classification by the firms, while the proposed rules continue to give investor protection. The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Subscribe To Trading Secrets Binary options cyprus Articles Share InvestManiacs Cyprus Binary Options Binary options are a relatively new method of trading; it is one of the easiest ways for the average person to start trading on the stock market. The majority of binary options brokers are currently based in Cyprus; this has resulted in it becoming the primary regulator of binary options brokers in the world! Every binary options business based within Cyprus must adhere to the Cyprus Securities and Exchange Commission.