CySEC remains one of the few regulators to license binary options brokers.

LeapRate Exclusive… LeapRate has learned that Cyprus-based binary options broker Cedar Finance has been granted a Cyprus Investment Firm (CIF) license to binary options broker Cedar Finance. The license was actually issued to Cedar Finance’s parent company T.B.S.F. Best Strategy Finance Ltd.

Cedar Finance runs on the Tradologic binary platform.

Many (if not most) of the non-Japanese binary options brokers are based in Cyprus, and are scrambling to receive CySEC licensing after CySEC decided to regulate binary options. Although that decision was taken more than a year ago, CySEC has decided not to shut down unregulated brokers, as long as they begin the regulation process in a timely fashion. Cedar Finance becomes just the fifth binary options broker to have CySEC licensing — Banc de Binary, OptionWeb (both running the SpotOption platform), ZoneOptions (running the TechFinancials platform), and 24Option being the others.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.