After months of anticipation, leading binary options broker 24option has received its regulatory approval by CySEC. The authorization process began in March 2013 and 24option has just received the go ahead, as a possible result of EU countries taking a closer look into the regulatory procedures of binary options brokers. 24option will be operating under the registered business name Cbay Financial Services Limited.
With the CySEC regulation, 24option, one of the largest binary options broker by monthly volume and deposits, now has the ability to extend the boundaries of its existing marketing and increase its affiliate exposure internationally.
Regulation for brokers can often mean the difference between success and failure. A broker that is regulated is one that follows country rules under the authorization of a regulatory agency. A regulated broker presents traders with a feeling of trust and security. With a majority of brokers still unregulated worldwide and many brokerages domiciled in Cyprus, CySEC licensing has become a distinguishing feature in the world of binary options.
The EU has recently been scrutinizing binary options firms in an effort to weed out unregulated brokers and reduce fraud and scams which have occurred quite frequently of late. Several countries have banned IPs of unregulated companies. 24options was not among this group but EU's gestures did help to encourage its licensing process.
24option's website now boasts that it is the "?EU top regulated binary option broker." It still leads the way with the highest bonuses of any binary options broker in the industry and continues to offer an array of features easily accessible by both novice and experienced traders alike.
The CySEC license just puts the icing on the cake.