24Option to Become Regulated
Congratulations to 24Option, one of BOTS favorite brokers – CySec will officially grant 24Option Regulation Within Two Weeks!
Good news to all Binary Options Traders: 24Option will be Officially announced as a Regulated Broker within two weeks. After almost 2 years of waiting to this for longed regulation, the Cypriot authorities granted this Binary Options pioneer local regulation, which will take effect immediately. The Cypriot regulation is legitimate to all EU citizens; however, US clients would not be able to trade with 24Option due to regulation restrictions. The company would be recognized only in the EU as a regulated company, unfortunately for US citizens. Meanwhile, EU clients could rest assure they are trading with a safe and trusted broker!
As for the other Trusted Broker on our list – AnyOption, StockPair and Opteck are expected to become regulated within a couple of month. Those brokers have been proven as legitimate and reliable brokers through time; BOTS team will keep monitoring these brokers.
Cyprus Banking Crisis – Brokers Official Response
StockPair: “the impact of the last events on Binary Options brokers was minimal. The Cypriot authorities, that are supportive of the industry and promote regulation of it, have acknowledged that client funds are not going to be affected in any case as they are kept in segregated accounts. The most important aspect for a broker is the trust of the clients which is built on their personal day to day experience. Brokers like Stockpair that earned a high level of trust due to their ongoing conduct of business before the crisis, were impacted the least. We have announced our clients immediately after the crisis broke that their funds are secured and did not experience any change in the business. “
AnyOption: “As number one platform in the binary options industry, we don’t have problems with Cyprus at all. Other Brokers probably have problems, but you need to check with them.”
New on BOTS – More Forum Discussion, New Reviews and Articles
Forum Discussion: More rooms, threads, tips and expert’s advice; Login to our forum today to check out the latest discussions. You don’t have to be registered member to view the forum rooms, but you must become a registered user to view photos, attached files, or just comment on other trader’s threads. Also check out the CommuniTraders Social Trading Tool on the bottom of the home page – still testing but could already be used.
New Reviews and Articles: Opteck, 24Bulls, OptionRally and many more new reviews are waiting for you on the All-Brokers page. You’re not alone – ThatSucks.com (former BinaryOptionsThatSuck.com) strives to give our readers all the latest information and reviews of the Binary Options industry.
School – Few More Days!
The moment you’ve been all waiting for – new Binary Options School Section, where you could find all articles, tools, strategies and many more, including Quizzes. Hold on, it’s coming soon!
“Trading Binary Options and/or CFDs involves significant risk of loss. CFDs are leveraged and thus losses may exceed invested amount”