Cyprus regulation authority prohibits binary options brokers deposit bonus

cysec bans brokers deposit bonus

On November 30, 2016, CySEC released a circular C168 that prohibits brokers from providing deposit bonus. These changes apply to all brokers registered in Cyprus and regulated by CySEC.

CySEC,for the beginners, is the financial regulatory agency of Cyprus.

It has been done in order to protect traders against financial losses caused by the attempts to fulfill the required trading volume, which applies to each bonus.

It is a very good decision in my opinion. I always warned my visitors to stay away from the bonuses. It just makes you lose more money.

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