Regulated Binary Options Brokers
Many people looking for honest and regulated binary options brokers. The regulation increase trust in the eyes of the customer, as it gives additional security to client’s funds. The regulated brokers are asked to open a segregated account for clients and not to mix with the company funds. Moreover, the client’s capital is ensured. There are two main regulation bodies in Europe: the Cyprus Securities and Exchange Commission (CySEC, Cyprus) and Financial Conduct Authority (FCA, the UK).
However, there are other elements to take into account, when you research for the regulated binary options brokers. The legitimacy and honesty are more important than the only regulation. The brokers can find the ways to cheat you and manipulate prices. Even the regulated binary options brokers can scam people and steal their money. You can contact the regulatory body and report the case. However, getting your money back is a long process and you may never get it fully. We do not say that the regulation is not important, we simply argue that it is not only attributed to evaluate the legitimacy of the broker.
Thus, we think the best approach when choosing the broker is to research their reputation and business history. We apply that methodology to our research. We analyze their platform, execution speed, slippage, regulation and more. We do not recommend trusting regulated binary options brokers blindly. However, if it meets all the other criteria and plus it is regulated that’s great. It is important to note that the forums are not a good source of information to pick a ‘right’ broker. Lots of misleading information is posted there and mostly you will find competitors negative comments on each other. If you looking for a regulated broker, we recommend Banc de Binary, ETX Capital, 10Trade and TopOption. We provide reviews on each one, which you can check on the website.
If you have further questions regarding this topic, feel free to contact us anytime.