A few days ago, we discussed the warning that CySEC officially published on its website against the TraderXP binary options broker in order to protect investors who are directed to this broker or who are considering to deposit funds with the objective to speculate the financial markets through binary options to make money.
This type of warning is beginning to be widespread and is less and less uncommon. The regulator of the Cypriot financial markets prevails more and more and publishes a second official statement in which it warns traders against another binary options broker. This time, it relates to NRGbinary, whose website is www.nrgbinary.com; the regulation of this binary options broker is not actually underway, contrary to what was believed. The CySEC specifies that this company has never and will not be authorized by the authorities of the Mediterranean island of Cyprus.
The official warning of the CySEC is available on this link.
It only takes a few clicks to visit this broker’s website and realize that, according to some information provided about the company, NRG Capital (CY) Ltd is based in the heart of the Cypriot capital in the city of Nicosia just like the previously mentioned TraderXP broker that have also been the subject of a similar warning. The CySEC seems to do its clean-up job on the Cypriot territory. We must be aware that the country is known by investors and business leaders as being a European territory with a rather particular special status. It is a very interesting country for companies that want to start an offshore activity and be subjected to the most attractive tax rates in Europe; the corporate tax rate is 10%. The creation of an offshore company does not require any minimum capital. There is no residency requirement on the island. The anonymity and banking secrecy are guaranteed by going through a fairly light administrative process. Therefore, it attracts a number of businesses, some of which are “borderline”. This seems to be the case of the NRGbinary and TraderXP companies that claim to be binary options brokers. Therefore, the CySEC attempts to remedy this.
Cyprus is one of the European countries to require binary options brokers to obtain its license in order to legally offer services within the country. France also operates somewhat in the same way with the French Financial Markets Authority (AMF) and the ACP bank of France that allow traders to see which brokers comply with the regulations of the local authorities so as to avoid unregulated brokers that do not present any solid guarantee. The last binary options brokers to have obtained a license from the CySEC over the past months are the OptionWeb, 24Option, ZoneOptions and OptionFair brokers. It is recommended to privilege this kind of authorized binary options brokers.
BonusOptionsBinaires.net reminds you that it is essential to chose a regulated binary options broker when looking for a serious broker with which to deposit one’s money in order to speculate and earn money on the financial markets. Binary options brokers that are regulated by the FCA and the CySEC, such as OptionWeb, TopOption or 24option for example, are the kind of binary options brokers that will interest us. Having obtained licenses from the regulators of the French and Cypriot financial markets, these brokers demonstrate some credibility. They also show us that regulators approve their seriousness, their working methods and that the services they provide to traders are in full compliance with the financial regulations imposed in France and elsewhere in Europe.
A trader who will open a trading account with a regulated binary options broker will have his funds safely deposited in a segregated bank account (separate from company funds). In the event of bankruptcy by the broker or any other problem, the trader will be protected by the regulatory authority (FCA or CySEC) which regulates the broker in question. In addition to the protection offered by the financial market regulators, the BonusOptionsBinaires.net guarantee protecting you against potential litigation (relating to cash withdrawals or trading conditions, for example) can also be an additional protection that we offer to traders in addition to trading bonuses exceptionally negotiated by our team when opening a trading account with the binary options brokers in our comparative chart of binary options brokers.