24Option get CySEC Regulation
CySEC has increasingly become the chosen regulator of companies that show interest in the licensing of binary options. Working with CySEC is like a first step for binary options brokers that wish to attract clients from the EU legally. Although a country may be having many financial difficulties, these binary options brokers still want to be regulated in it. The use of CySEC applications, as a result, has considerably increased.
The latest member that has been regulated after its application was approved is 24Option. It’s good to know the licensing finally happened, considering that the rumors surrounding it have been going around for some time now.
Countries in the EU are apparently trying to get rid of unregulated binary options brokers to eliminate fraud. Regulators in Italy, for instance, has recently cooperated with ISPs in an effort to ban IPs of unregulated binary options brokers doing business in this country. Fortunately, 24option was not among those brokers, but the action forced this company to pay more attention to the licensing process. In March 2013, the authorization process was initiated.
24option is among the biggest binary options brokers with great monthly deposits and volume. After being regulated, 24option is even stronger: thanks to the licensing, it now is able to extend its current marketing efforts in order to attract more affiliates all around the world.
As more and more companies are facing deregulation, licensing has been increasingly important in the current market. The fact is that brokers are realizing it is more difficult to succeed without a regulatory approval. In the binary options market, CySEC regulation is considered one of the most distinguished approvals, along with the fact that a lot of brokerages are headquartered in Cyprus.
Apart from the licensing from CySEC, 24option has recently made record for being the first binary options broker to secure partnership with Trade Interceptor. This partnership grants users the chance to trade not only binary options but also Forex and stock, etc. on a multi-broker trading interface.
Among the first binary options brokers to enter the business in 2010, 24Option is a regulated broker that offers TechFinancials Trading Platform – one of the best trading platform available at the moment. This company offers significantly higher payout than the others: the payout is up to 95 per cent, comparing to 71 to 89 per cent from other brokers. If a trader wish to begin trading with 24Option, he or she need to deposit a minimum amount of $250. The company has just added 60s options recently, which might be ideal for traders who are able to handle stress well.