Recently, the regulator of financial markets CySEC has imposed on the AnyOption broker a fine of around € 235,000. Because this announcement will certainly shock some readers, please allow us to explain how the amount of the fine was determined by the financial authorities, as well as the reasons that prompted the CySEC financial regulator to take the decision to hit the wallet of the AnyOption broker and whether or not the AnyOption broker is a broker to avoid.
The fine that the financial regulator of Cyprus (CySEC) has recently imposed on AnyOption amounts to € 70,000 is due to the non-compliance with Section 6 (8) L.144 (?) / 2007 of the Regulation of the CySEC, € 30,000 for non-compliance with Section 28 (1) of L.144 (?) / 2007, € 10,000 for failure to comply with Section 18 (2) (a) to L.144 (?) / 2007 and paragraph 4 (1) (f), 13 and 14 of the Directive 1 and € 125,000 for non-compliance with Section 36 (1) of L.144 (?) / 2007 of the regulation. This brings the overall fine imposed on AnyOption by the CySEC to a sum of € 235,000.
We have recently seen the $ 11 million fine imposed on the Banc de Binary broker by the CFTC. The reasons why the CySEC imposed the fine on the AnyOption broker seem immediately less serious than the ones perpetrated by Banc de Binary, which has just received a fine equivalent to 47 times the one imposed on AnyOption! Is AnyOption a good or bad broker?
To understand the significance of these “small” fines imposed on the AnyOption broker by the CySEC, we will simply detail for you what the broker is clearly blamed for. First, the Cypriot financial authorities who have granted their license to the AnyOption broker accuse the latter of violating their regulation, wherein AnyOption did not maintain a clear and detailed history of its marketing communications (online and with clients or persons solicited by its sales agents for example). The broker has not been quite transparent about the complaints of two traders and did not comply with the procedures that have resulted thereof. Lastly, the company did not continuously maintain a manual that lists the internal operations. Now that you know why AnyOption must pay the sum of € 235,000 to the CySEC, is AnyOption a bad broker? I do not believe so … all you have to do is read the reviews on the AnyOption broker to judge for yourself.
AnyOption is a relatively popular broker within the trading industry because it is one of the pillars of this type of trading and one of the earliest brokers to have launched itself in the online binary options business. In fact, the AnyOption broker was established 8 years ago in 2008 and launched its anyoption.com website through which it offers its trading platform to investors. AnyOption belongs to a Cyprus-based company bearing the name of “Ouroboros Derivatives Trading”. Obviously, the parent company of the AnyOption broker is a licensed company; it is regulated and transparent. This is also what makes AnyOption a broker that we can trust and that represents no risk.
The company that owns the AnyOption broker is regulated; in other words, the financial authorities have approved this company and the financial services that it offers and they have consequently issued licenses to it to reflect this trust. The AnyOption broker is currently authorized and regulated by many European financial regulators, such as the CySEC (Cyprus), the AMF (France), the BaFin (Germany), the CNMV (Spain), the CONSOB (Italy) but also the FCA (United Kingdom). Thanks to all the licenses of the financial regulators that the broker and its company have, AnyOption appears clearly as a serious binary options broker that provides quality services, complies with local laws regarding deposits and maintains the capital of its clients (including segregated bank accounts).
If the AnyOption broker seems to you like a good broker that interests you, please consult immediately our test and review of the AnyOption platform.
Choosing to become a trader with a regulated binary options broker is one of the most expected choices that you can make as an investor because you protect yourself and your capital. Opening an AnyOption account will allow you to practice trading with a binary options broker that is recognized worldwide and will especially allow you to benefit from the BonusBinaryOptions.net guarantee. Thanks to this guarantee, you will be able to obtain the support of our team and benefit from the special relationship that we maintain with the broker in case you encounter any problem during your experience in the fabulous world of binary options.
The guarantee of our website will be awarded to you when you open your AnyOption account through one of the links on any of our web pages, but you do not benefit from a negotiated bonus on deposit. In fact, AnyOption is not one of the brokers with whom we managed to negotiate the exclusive bonus on deposit. However, if the bonus is what motivates you, we recommend that you take a look at our comparative of binary options brokers to check the brokers with whom we have negotiated a deposit that usually allows you to double your initial capital and which is not normally found anywhere else.