Some binary options platforms aren”t regulated. As such, there is no 3rd party monitoring the transactions to guarantee fair play. During the 2nd quarter of 2012, Cyprus changed its policy with regards to binary options. Since most platforms are incorporated in the country, these binary options issuers were required to pass strict regulations by the Cyprus Securities and Exchange Commission. This June 2013, Malta also required binary options issuers to pass strict regulations. These decisions of different countries will somehow ensure the legality and reliability of binary options as a legitimate form of investment.