24Option is one of the first Binary Options Brokers to arrive in 2010. 24Option is regulated and uses TechFinancials Trading Platform, which is considered one of the best trading platform available to date. 24Option has superior payout which’s up to 95%, this’s significantly higher than other Binary Options Brokers which offers payout varying between 71% […]
Talking about stockpair.com, we could consider it as the king of stock pairs trading in binary options. Besides regular assets like Forex Pairs, Commodities and Indexes, StockPair also includes the trading of relative strength between 2 stocks. Stockpair is very similar to Forex that we look at the relative strength of two assets and measure […]
TradeRush was found in 2011 but it already looks like a mature Binary Options broker. Traderush has their headquarters in Cyprus, I don’t think there’s a big problem since I’ve always been using broker from Cyprus, so far they’ve treated me nicely. SpotOption is their chosen platform with at least 85 different assets and a […]
OptionFair was first landing on Binary Options industry in early 2009 and it’s considered one of the older Binary Options broker around. Like 24option, OptionFair use TechFinancials trading platform, which’s tested and tried platform. The payout is up to 89%, and it’s considered one of the better one for payout. In fact, there’s only a […]
The social trading platform, eToro has today announced that they will be expanding their Popular Investor Program. The Popular Investor dashboard help traders know which traders currently performed better and currently profitable so that the other could copy and follow their trades.
Popular Investor Program has been launched in 2014 and it allows traders to build their trading portfolio thanks to their shared program. Popular traders get an opportunity to make better trading decision when their trades are copied a better traders.
The Popular Investor Dashboard’ is providing extra set of tools and features that allow popular traders a deeper insight into their followers and asset management in their portfolio.
eToro Popular Investor Dashboard Features
The best traders now have the ability to manage their relationships with other traders who are currently copying their trades. They can communicate with each other without intermediary thanks to this new Popular Investor platform and all features it uses.
Popular investors also get a better service regarding to their latest invoices, payments and other transactions made or received by eToro. He/she could execute analysis of his income in order to have a better understanding of his/her money management.
These improvements will allow successful traders to manage and therefore, increase the number of their followers and enhance their relationship among the eToro trading community. According to eToro, some investors are managing profits that even go up to $300,000. With the new dashboard available in the Popular Investment Program, the number will definitely increase day by day
eToro also see the positive news in PI’s, growth in assets under management of PI’s was 20% in the first two Q’s, and 50% since beginning of 2015. They firmly believe that the growth in Q3 will be further 30%. These numbers is a great figure, as it is obvious how important the Popular Investors Program are to the eToro platform.
Status of Popular Investor simply cannot be bought, and every trader has to be winning for a certain period of time to gain such status. By doing so, eToro is attracting the best portfolio manager, and it’s a win-win situation since managers and traders are both happy about their profit.
eToro is one of the most popular social trading platforms in the world that provides amazing trading opportunities for all types of traders, especially eToro accept USA traders as they are fully regulated in the US territory. While advanced traders can enjoy in this program, beginners can trade safely by copied the profitable traders. Read more about eToro in the eToro review.
AnyOption, a highly well-known binary options broker, implemented an interesting feature that will enhance their total privacy and security on their main website as well as trading platform. They carried out the “AuthentiScan” system by Keesing Technologies. This means that trading with AnyOption is now safer than ever.
AnyOption was always looking to innovate their already-outstanding trading platform. This time last year, AnyOption developed bubbles trading, and this year, they are more concerned on some other aspects of trading that are essential for all users. “AuthiScan” allows traders to trade and operate their trading activities in an encrypted environment and transfer all private data in controlled conditions. Continue reading
AnyOption, a binary options broker regulated in Europe and South Africa, is strengthen its European power by opening an office in Bulgaria’s capital Sofia and another office in Cyprus, as report by Binary Options Daily Review.
The new offices of the AnyOption Binary Options broker, owned by Ouroboros Derivatives Trading Limited, will primarily focus on its expanding its regulatory, legal, research and development capabilities.
Main work in the Sofia office will be mostly committed to research and development for the brokerage, while the Office in Nicosia will devote to a host of functions including emphasis on the importance of management, finance, regulation, support, and legal measures, those area are clearly a hot topic in binary Options industry at the moment as Belgium and France are taking action against Binary Options brokers. At the same time, the headquarters of the company will remain in Tel Aviv, Israel.
In the past few years, Bulgaria is continuously gaining popularity as an outsourcing destination for various business services, not only among financial industry, but for other business areas as well– mostly for call centers and IT services, while Cyprus is known as a favor regulatory destination for companies offering all sorts of financial services, it’s known as tax heaven for many company. It is particularly popular by binary options brokers because of its relatively easy requirements and regulations. A Cyprus license, however, goes a really long way, as such license will allow the brokers to operate throughout the EU without the need of any other licenses.
AnyOption is a binary options trading platform opened in 2008 and fully regulated by the Cyprus Securities and Exchange Commission (CySEC). AnyOption offers various trading types in currencies, indices, commodities and stocks. In March it was fined EUR 235 000 by the CySEC for non-compliance of their regulatory terms.
Also in March, AnyOption launched its new trading system, called “Bubbles”. Recently, AnyOptions was getting huge praises in the industry as the broker donated $20 000 to UNICEF as part of their social responsibility program.
The Chairwoman of the Cyprus Securities and Exchange Commission (CySEC), Demetra Kalogerou has today been interviewed by Cypriot newspaper Cyprus Mail regarding to the ban of 24Option operation in France. She said that the ban was due to a marketing message that is two sentences long. The Autorité des Marchés Financiers (AMF) viewed the advertising practices of the 24Option binary options brokerage as sufficient enough to officially suspend the firm from operating on the French market.
The CySEC has been repeatedly issued warning and guidelines to advise brokerage firms about marketing messages that are not in adherence with the rules and regulations. Back in January, CySEC has fined 24option.com €156,000, but the French authorities have decided to take a further step with their own penalizing measures.
Kalogerou remarked in her interview with the Cyprus Mail that the French ban of the binary options brokerage is the first case when a Cyprus-based company is suspended to any of the European markets, even with CySEC license. She told the paper that “This decision by French authority was made over two sentences of promotional text on the company’s French website, which were deemed misleading, plus just one complaint out of some 10,000 clients.”
CySEC Should concern aftermath
We are not been informed of the number of complaints in France that are related to Binary Opotions brokerages, however according to the AMF report from 2015, there’re total of 194 complaints were registered against companies that are over sighted by Cyprus Securities and Exchange Commission.The chairwoman of the CySEC should be rather concerned that 85% of complaints registered with the AMF ombudsman are associated with Cypriot firms.
The message by French authorities has been so plain regarding to the CySEC regulation that if CySEC doesn’t do enough to supervise their regulated companies, other European markets could follow this action and eventually deem the Cypriot license as irrelevant since it doesn’t do enough to protect their citizens.
According to the interview, CySEC is regulating 230 companies. Mrs Kalogerou should really emphasize on the action made by the watchdog’s policing efforts. People are calling Cyprus a “Forex Hub”, but it seems that, in reality, this status can just as easily be seen as the license passport for the European market.
Commenting on the matter, a CySEC spokesperson noted, “Following the launch of the Supervisory Action Plan in mid-2015 into those Foreign Exchange and Binary Options trading brokers identified as posing a high-to-medium risk to the investor, where advertising material that are non-compliance to the regulation has been found following close supervision and on-site inspection, over €2 million in fines and 11 license suspensions or outright withdrawals have been issued so far to date.”
“CySEC’s message to both firms and investors is clearer than ever: those regulated firms looking to game the regulation will have absolutely no place in Cyprus,” the spokesperson remarked.
With a number of other regulatory destinations in Europe such as Estonia and Bulgaria in recent months, CySEC has to really step up its game in order to maintain its status as primary European financial regulator.
Mrs Kalogerou ended her interview with Cyprus Mail paper by saying on the Forex and binary options industry’s regulatory status, “It’s a challenging field that requires a lot of monitoring and oversight.”