The popularity of CySEC is a result of a business-friendly tax regime and the ease of operating a financial service in the region. As part of the EU, Cyprus-regulated firms can legally offer their financial services, such as binary options and forex trading, to EU residents, thus making it an ideal regulator for most brokerage businesses in Europe.
At present, binary options are subject to regulation by the UK Gambling Commission. However, current developments on the legislative side are expected to bring about some changes in the near future. The FCA is contemplating treating digital options as a financial product.
For someone who follows the binary options industry, it’s hard to miss the headlines for banned brokers in Australia. However, for us, it is important to show the AU regulated binary brokers instead of making headlines.