The attraction for binaries was partly due to the simplistic nature of the trade and the fact that one did not need to put up huge sums of money. Combine this advantageous prospect with no need for leverage and throw in the term “Fixed Risk” and binary options quickly became popular with traders.
Banc de Binary
Banc De Binary has settled with the Cyprus Securities and Exchange Commission (CySEC) to pay €350,000 for possible violations. According to the official announcement by the regulator, the broker might have violated a couple of points in the Cyprus Investment Firms law.