What do Binary Option Regulators actually Do? — BinaryScore.com
As we state repeatedly, we consider Government Regulation to be a very important aspect when choosing a binary option broker.
As highlighted on our Binary Option Scams pages, the following are the aspects we look for and is often the responsibility of regulators to enforce:
- Broker and traders’ capital are held separately
- Broker holds insurance policies to protect traders’ in case of failure
- Broker is required to hold a high amount of capital to operate
- Broker staff are trained and certified to provide advice
- Broker directors and Key Persons are good operators and have years of experience
Government Regulators
A regulator either operated by or officially sanctioned by Government.
Trader’s can have much more confidence in a Government regulator compared to “non-official” or Non-Government regulatory bodies.
Australia — Australian Securities and Investments Commission (ASIC) — www.asic.gov.au
Belgium — Financial Services and Markets Authority (FSMA) — www.fsma.be
Brazil — Securities and Exchange Commission of Brazil (CVM) — www.cvm.gov.br
Canada — Canadian Securities Administrators (CSA) — www.securities-administrators.ca
Note: Each of the 13 Canadian provinces and territories have their own regulatory body.
China — China Securities Regulatory Commission (CSRC) — www.csrc.gov.cn
Cyprus — Cyprus Securities and Exchange Commission (CySec) — www.cysec.gov.cy
Czech Republic — Czech National Bank (CNB) — www.cnb.cz
Denmark — Financial Supervisory Authority (DFSA) — www.finanstilsynet.dk
France — Autorité des marchés financiers (AMF) — www.amf-france.org
Germany — Federal Financial Supervisory Authority (BaFin) — www.bafin.de
Hong Kong — Securities and Futures Commission (SFC) — www.sfc.hk
India — Securities and Exchange Board of India (SEBI) — www.sebi.gov.in
Indonesia — Otoritas Jasa Keuangan (OJK) — www.ojk.go.id
Israel — Israel Securities Authority (ISA) — www.isa.gov.il
Italy — Italian Securities and Exchange Commission (CONSOB) — www.consob.it
Japan — Japan Financial Services Agency (JFSA) — www.fsa.go.jp
Korea — Financial Services Commission (FSC) — www.fsc.go.kr/eng
Malaysia — Securities Commission Malaysia (SC) — www.sc.com.my
Mexico — Comisión Nacional Bancaria y de Valores (CNBV) — www.gob.mx/cnbv
Netherlands — Netherlands Authority for the Financial Markets (AFM) — www.afm.nl
New Zealand — Financial Markets Authority (FMA) — www.fma.govt.nz
Norway — Financial Supervisory Authority of Norway — www.finanstilsynet.no
Philippines — Securities and Exchange Commission (SEC) — www.sec.gov.ph
Russia — Central Bank of Russia — www.cbr.ru
Singapore — Monetary Authority of Singapore (MAS) — www.mas.gov.sg
South Africa — Financial Services Board (FSB) — www.fsb.co.za
Spain — Comisión Nacional del Mercado de Valores (CNMV) — www.cnmv.es
Sweden — Financial Supervisory Authority — www.fi.se
Switzerland — Swiss Financial Market Supervisory Authority (FINMA) — www.finma.ch
Taiwan — Financial Supervisory Commission (FSC) — www.fsc.gov.tw
United Kingdom — Financial Conduct Authority (FCA) — www.the-fca.org.uk
United States — Securities & Exchange Commission (SEC) — www.sec.gov
Non-Government Regulators
WARNING: A non-official or “semi-formal” regulator.
We are increasingly wary of the effectiveness of these “regulators” (if you can even call them regulators). They look official but we would put less faith in them being able to handle a complaint or dispute compared with a Government Regulator.
Russia — Financial Market Relations Regulation Center (FMRCC) — en.crofr.net
Source: BinaryScore.com Site — Everything on Binary Options Trading
