As pressure mounts on unregulated and improperly regulated binary options firms from well documented public outcry, we learned over the weekend that Premier League squad Southampton FC has backed out of a recently signed marketing deal with binary broker Banc de Binary. Banc de Binary in the past has been fined upwards of $11m from…
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TechFinancials also launched a Contracts for Difference (CFDs) platform during the year.
Read moreLeapRate Exclusive... LeapRate has learned that Binary Options platform and brokerage group TechFinancials Inc (LON:TECH) is considering options for its regulated binary options brokerage brand, OptionFair. The 'options' for OptionFair could take one of several forms, from a sale/spinoff of the company to OptionFair management, the sale of the company to a third party, or (we…
Read moreThe purpose - save the Binary Options sector, move trading volumes to regulated brokers
Read moreLeapRate Exclusive... LeapRate has learned that online gaming giant Playtech PLC (LON:PTEC) has made a decision to exit the binary options brokerage business. The company's binary options brand, TopOption, was sold effective August 7 to Leadtrade Ltd, an Israeli run and CySEC licensed company which operates several other binary options brokerage brands including OptionsClick (optionsclick.com), Prestige Option (prestigeoption.com),…
Read moreCyprus financial regulator CySEC has issued some new directives on Binary Options trading, centering on required increasing transparency from binary options brokers. CySEC has given regulated binary options brokers on the island three months to demonstrate that they are in full compliance with all aspects of the new directives. The directives, reviewed in more detail…
Read moreLeapRate Exclusive... No, it isn't a new dish soap brand. LeapRate has learned that leading regulated binary options brokerage platform Anyoption has just launched a new binary options trading product called Bubbles. Bubbles is a self directed trading system where traders can effectively create their own binary option, with different time duration and asset price…
Read moreThe Wall Street Journal has reported that binary options broker Banc de Binary has agreed to an $11 million settlement with U.S. authorities, following allegations that Banc de Binary illegally signed up U.S. investors to its binary options trading platform. The CySEC-regulated company, which also has operations in Israel and the Seychelles, reached the agreement after being…
Read moreWe said that this was coming. Following a wave of reviews of some of the largest Cyprus-based regulated forex and binary options brokers undertaken by financial regulator CySEC over the past few months, we reported in late November on a number of fairly large (by Cyprus standards) > €100,000 fines and settlements issued to a…
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