Secure Trading in an Insecure Financial World
With the expanding number of binary options brokerage firms cropping up online in the past few years, a major concern has been the respectability of these firms. Previously, the only regulatory or legal consideration binary options brokerage firms had was local tax regulations and the legislation local to the country the brokerage was operating in. This resulted in an entirely unregulated financial industry, vulnerable to exploitation, and also brought about great difficulty for investors with distinguishing between the reliable brokers and brokerage firms that were not to be trusted. Where investing hard earned money is concerned, it is devastating when it turns out that money has been funnelled into a black hole with no result. Countries have differing rules and regulations and these are open to abuse by unscrupulous firms. Although it was important to deal only with brokers that abide by the rules and regulations, this was not enough to keep investors safe and many financial losses have resulted from this situation.
Peace of Mind
With universal standards, an industry becomes safer. When companies are held accountable to their clients, it creates a safer environment for both traders and brokers. The respected and trustworthy brokerages appreciate the authenticity regulation brings to the industry. Companies such as Banc De Binary welcome regulation of the binary options industry and see it as a triumph for brokerages. Banc De Binary has always firmly held the belief that a comprehensive regulatory framework will contribute to the overall growth and development of the industry. After the international debacle with the banking industry, just the mention of a financial instrument is enough to invoke serious doubt in the layperson. When trading it is important to know that the environment in which the trade is taking place is safe. Banc De Binary upholds the very highest standards of security. By using EV SSL with 256 BIT encryption, also used by PayPal, Banc De Binary ensures that safety and security of their traders is paramount. Additionally, investors have the added assurance of having their funds insured to the value of $250,000.
Until the 3rd of May, 2012, no regulation existed for binary traders throughout the world. As of this date, CySEC (Cyprus Securities and Exchange Commission) approved binary options as legitimate financial instruments to be licenced and traded in a fully regulated environment. Six months later the announcement was made that Banc De Binary was to be the first binary options trading firm to be regulated by CySEC. Smaller firms are debating the costs associated with obtaining a full licence to trade with binary options from CySEC, and the strict legal and security and customer service criteria are all a part of this reluctance. The better established and trusted firms like Banc De Binary appreciate the credibility this gives to the industry and are excited about the enhanced confidence of their investors since regulation. Banc De Binary’s reputation as a trustworthy industry leader has only grown since achieving regulation. The company’s CEO has spoken of regulation as a new chapter in the firm’s story.