SpotOption officially regulated by CySEC

spotoption cysec

CySEC (Cyprus Securities and Exchange Commission) has announced recently that they’ll start to regulate binary options industry regionally. SpotOption is the first binary options company to act on that news and has officially get CySec license. It’s great news for Binary Options industry because SpotOption is a software provider that provide trading platform for a lot of market leaders’ binary options brokers. When SpotOption gets regulated by CySEC, their while labels will immediately become regulated too. Therefore, it’s much better that Binary Options brokers are now under certain regulation bodies that could act lawfully to protect client.

In their announcement, SpotOption announced that they have now officially become the only market maker who’s regulated by the Cyprus Securities and Exchange Commission or better known in a shorter name as CySEC.

SpotOption states that they are very proud to act in their new role as a CySEC regulated Market Makers. It basically means that SpotOption has increase their status in financial markets, they are now not only acting as a software, data feeds and service provider but they could be considered as investment services a financial institution now. SpotOption, as a result of the license, will also cover their while labels by their regulated umbrella so that their while labels and its clients could be now working in a lawfully and safe environment which’s fully in compliance with CySEC rules and regulations.

SpotOption declares that they feel there is a huge need for proper regulation in Binary Options industry on a whole to protect its clients from bad business practices. They also feel that there should be more urgent needs for regulated Forex bodies to be connected to a regulated binary options market maker. In a financial booming world today, more and more binary options brokers and operators are opening and operating every day, attracting thousands of inspiring traders, investors and market executors, the demand for a regulated field is getting bigger and bigger. Therefore, as a result of that real need, CySEC has deemed binary options as a financial instruments which’s falling under the scope of Law 144(I)2007 in their regulation rules and the latest move is that, CySEC has officially announced that binary options industry from now on will be regulated under their supervision.

With the new CyCES license, SpotOption will now be considered as a Cyprus Investment Firm (CIF) specialized in financial service. It basically means that it will enroll its other companies (while labels) under their CyCES license. It’s a great news indeed.

SoptOption founder – Mr. Pini Peter is very happy with that announcement, he said “This is a major breakthrough in the industry,” Pini Peter continues: “We’ve worked long and hard to help get binary options the regulations it deserves, and we’re proud of SpotOption’s expansion from software providers to a market making investment firm. Our clients deserve to work lawfully, legitimately, and safely, and I saw it as our obligation to make that happen for them.”

Here’s a list of recommended Binary Options Brokers that are with SpotOption platform:

TradeRush

TradeRush Binary Options brokers was launched their service in early 2011 but they are already established their name in Binary Options industry. TradeRush located in Cyprus like many other Forex and Binary Options brokers because Cyprus is considered a tax-heaven country. TradeRush use SpotOption platform. There’s more than 85 underlying assets in SpotOption platform for traders to choose from. TradeRush has a decent payout which’s up to 85%. TradeRush is famous for its 60 seconds binary options and they are one of the first Binary Options broker to offer 60 seconds options. Their minimum deposit is $200, which’s a fair starting amount as most binary options brokers require minimum deposit range from $100 to $500. For more inept information about traderush, read traderush reviews.

iOption

iOption starts offering Binary Options in early 2010. iOption has been getting more and more popular in recent years thanks to their solid trading platform: SpotOption. SpotOption is regulated trading platform by CySEC, therefore, traders and investors could feel 100% safe with the platform performance or their funding security. iOption payout is quite decent, they offer up to 85% payout on regular options. We could count more than 100 underlying asset in their trading platform as well, therefore, that’s quite a complete list of trading asset available to date and traders have abundant of assets to choose from. iOption also offer out-the-money trades or losing trades up to 15%. A slight drawback for those who want to use iOption is that iOption doesn’t accept USA traders because of all the regulation there. iOption has their headquarter located in Cyprus and have offices in many cities all over the world. For more information about iOption, check out iOption Reviews for more inept reviews and information about iOption.

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Comments
Posted by rob
October 11, 2015 at 10:33 am

Hi if this is correct then can you tell me if Tradersking which I am told comes under ‘SpotOption officially regulated by Cytec’ is now liable under the European law to look after there clients as I am just one of 5 Tradersking customer which believe we are victims of Tradersking telling us lies to invest telling us that if we refund our accounts that any prior bonuses are not going to be held against us and we could with draw our funds as they are ours that we can have access to all our funds withdrawals any time we like including profits. Some we funded over $100K on top of what we already had in there platform as per the above the main- Chief Trader Michele Zappos who stated this over and over to get us to fund our account also stated we would get 15% to 30% each month profit. Michele stated that really we would get much more than that as she averaged around 32 – 35% for her special Chief trading group that we were now part of. So far Michele advised us all is well and trades were ok going well then we noticed she did not give us our profits, that our account read $116,337-50 and has stayed that way for months & months though she is trading our funds. When I inquired what was going on they just stopped communication with us there support just play games with us and the finance department just don’t care at all. Then they turned on a robot trader that burnt up a few thousand $ I eventually got the girl on the switchboard and complained and after several emails they turned it off though left the unauthorised robot losses off my account, a had to complain again when they turned on a second robot trader that also was a loser bot this reduced our funds further they are now at about just under $114,000K and the profit of nearly $58k to 100k has not been put in our account plus they have yet to put the funds they traded on the robots with out permission to do so back. I look after my Wife as a career so cant work, they Michele Zappos told my wife who was dying at the time she came begging go us to get us to reinvest, new trades in her special group, trade with us I’m the boss I promising you will never loose your money, I would help you, she said this and more to me and my wife who was so sick with cancer, liver disease, diabetes and has lost her eye and socket that after going through all this she said you deserve to have me trade for you and you want have to struggle any more trust me. WE did and now were Upshaw of what to do, can you help us get our money and profit back to our accounts as Tradersking / Michele Zappos promised as we were talked into getting these funds from our bank as a loan against our house, over $100k plus they talked us into getting a credit card over $3k plus they had all our supper money all our savings leaving us to pay out these loans on a carriers pension. We pay a third of our pension each month just on the interest only and we see our funds on there trading platform still there and we put in for withdrawals and they are rejected or they just sit there. We are at the bed of our tether over this company treating us this way. My wife got an infection of flesh eating bacteria and was told she would die in three days so being so brock I could not get to the hospital from the country, I contacted them and they just cancelled the funds I put in for withdrawal leaving me to catch trains and busses each day, luckily my wife is a fighter and is still here no thanks to the trading world especially Tradersking & this Michele Zappos, Mike Cooper, and the rest I contacted to sort this out and to help me, us. Please tell me what this ‘SpotOption officially regulated by Cytec’ can do for us and the other nice people who we now who have also been scammed we think. Are we all Scammed by Tradersking or can Cytec help seeing Tradersking have SpotOption platform. Also we no that Tradersking are closing the UK London office though are purchasing two more Trading platforms to deck havoc on other poor, sick, defenceless individuals and the trusting still out there. We are considering a group law suit against SpotOptions Tradersking and all there traders we have an investigation into to date or can Cytec help. URGENT- my wife is terminally ill we need action. Please advise- Rob

Posted by rob
October 11, 2015 at 10:35 am

Help Us you regulatory bodyguards or are these Binary company free to do as they like with no rules or no law to govern them. Help.

Posted by Gaurav
December 2, 2016 at 3:16 am

Complaining to Cysec is your best chance! I am not sure it it is going to go anywhere with the EUR50 fee.

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Author: David Wilson