Binary Options Regulators
Every country usually has its own financial regulator body which watches financial services sector and audits them as necessary. In simple words the regulating organization monitors that the services offered by the companies are fair, easy to understand as much as possible and correct.
Below is of bodies which monitor not only binary option brokers, stock brokers, forex dealers, and commodity exchanges but everything else to do with money. including banking. Within EU one financial service provider has the ability to passport(export) it’s services outside it’s country of registered address but within the EU without having to get permission to trade in foreign country. For example a registered binary option brokers in UK can sell its service in Malta or any other European Union country without requiring to register in Malta first.
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There could be some scam brokers who might advertise that they are regulated by a specific countries regulatory agency, but it is the responsibility of the trader / investor to double check that. Usually the regulating body issues the broker a license number and/or publishes the name of its company on the regulator’s website.
The role of the Binary Options Regulators is to ensure that the businesses that have a financial license adhere to the general framework which includes transparency in reporting the day-to-day activities, maintaining enough liquidity to ensure that the transactions are filled as well as sending frequent accounting reports to the Binary Options Regulators.
While it might seem an expensive and an arduous task of obtaining a legitimate financial license, it does offer higher level of credibility for the businesses that obtain the license, including the online forex brokerages. Besides regulating forex brokers, the financial regulators also oversee any and all other subsidiary services such as Binary Options brokerages. introducing broker businesses, forex signal services providers and managed account services.
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