Complaints about CySEC Regulated binary options brokers

Cysec
 
Update: Cysec regulation has really improved since I wrote this article – they have set many new rules that protect the traders. It is under European protection after all.
Nowadays there are serious complaints about binary options regulations. These are coming from many traders on web. Cysec regulated brokers are not an exception. Various negative reviews and opposing assessments are now available in the market. The regulated binary options brokers treat traders in the most indecent way.
 
Some countries now started deriding binary options as gambling as well. It is been difficult to open a trading account, either with a regulated or a non regulated broker, as none of them ensures reliability
 

What is CySEC?

Cysec license image

The Cyprus Securities &Exchange Commission (CySEC) is the financial regulator of Cyprus. It got attached with Cyprus financial markets to the European Union as a member in 2004.
 
As a result, Cyprus got access to all European markets. For this reason, a bulk of overseas companies begun to register in Cyprus. Later on, the regulator made an announcement. They recognized Binary Options as an important financial apparatus.
You can read more about it in the Wikipedia Cysec page.
 

How CySEC Regulation works?

CySEC Regulation is one of the most trusted deals because it is with EU laws. After opening an account with a CySEC regulated broker every transaction on your part is checked under strict vigilance, along with your deposits, withdrawals and your existing trade.
 
A regulated broker will keep your money in an isolated account. These are not used by that broker for any business requirements. The brokers of CySEC license can regulate. It is in the thirty member countries of the European Economic Arena.
 
This is a very good option for brokers as well as traders for engaging in extensive regulations.
 

CySec complaints

I wouldn’t be so enthusiastic to register a trade account with a CySEC Regulated binary options broker. There are many complaints all over the internet about this commission. Of course, it is much better than an unregulated broker.
 
There are better regulation authorities. You can trade with a broker that is regulated by Australian authorities ,for example, even if you live in Europe or Africa. HighLow binary broker is regulated by the Australian Securities & Investments Commission (ASIC), an independent Australian government body that acts as Australia’s corporate regulator.It seems a much better option.

Cysec Regulated brokers

Cysec regulated brokers

These are the most popular binary options brokers regulated in the EU.

Stockpair.  Complaints & review
IQ Option –Complaints & review
24option. – Complaints & my review
BDSwiss – Complaints & review
Topoption
OptionRally
AnyOption –Complaints & review
Ofcourse, there are many more.

Other regulators

Let’s see other territories.

Country

Regulator

TITLE

USA

CFTC

Commodity Futures Trading Commission

EUROPE

CySEC

Cyprus Securities and Exchange Commission

UK

FSA

Financial Service Authority

CANADA

None

N/A

AUSTRALIA

ASIC

Australian Securities and Investments Commission

SOUTH AFRICA

None

N/A

UNITED ARAB EMIRATES

DIFC

Dubai International Financial Center

RUSSIA

FFMS

Federal Financial Markets Service

Thank you for reading my post about CySec regulated brokers the license and the complaints. Share your experience with the regulated brokers below.

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Mark Webb

Will Sysec be able to recover my funds invested with a scammer ?