Banc De Binary Is Now FSA Regulated
Banc De Binary has been leading the binary options community for some time and has now made another move forward. The Banc achieved FSA regulation on February 26th. You probably have no idea what the FSA is unless you live in the UK or trade on a UK exchange. The FSA is the Financial Services Authority and regulates activities, products, services and providers of financial instruments in the UK. The FSA gets its mandate from a group of laws including the Financial Services and Markets Act(2007), Money Laundering Regulations(2007), Payment Services Regulations(2009) and the Electronic Money Regulations(2011).
The approval of the FSA is an important step for BDB following its regulation by CySEC. CySEC is the Cyrpus Securities and Exchange Commission. It is the first regulatory body to recognize binary options as true investment instruments. Because of its acceptance of binary options as financial instruments the binary options industry can gain legal access to European markets through CySEC and the European Economic Arena financial services passport laws. FSA’s approval is a confirmation of the move by CySEC, a sign of the growing importance of binary options in the marketplace and a real jewel in BDB’s crown. Now, if only we could get the CFTC to come to terms with European style binary options.
What Does FSA Regulation Mean For Banc De Binary?
Banc De Binary is regulated by the FSA but what does that mean. FSA is the official regulatory body of the UK so this approval makes it legal for Banc De Binary to market financial instruments in the UK. I checked out the FSA’s website and saw for myself what the registration says. The Banc is registered with a home state of Cyprus and allowed to operate in the UK under the provisions set forth by the MiFID Inward Service and the EEA passport. It allows BDB to receive, execute, manage, give investment advice, hold money and give credit or loans on behalf of its clients. This permission is limited to options, futures, swaps and any other derivative contracts including those relating to commodities.
What this really means is that Banc De Binary has been recognized as a sound financial institution by yet another major world government. This is another step forward for the binary options industry and has set Banc De Binary up as the industry leader. Surely it won’t be the last broker to get FSA regulation but it is the first. This counts for something. The Banc appears to be very serious about its brokerage and its reputation in the world financial markets. The bad news is that Banc De Binary has still not been able to make any progress with the CFTC. This impasse is a serious hurdle for BDB. Without it there is no possibility of it reaching the U.S. market place. Banc De Binary is the best broker for many internationally based traders. The UK, Australia, Germany, Canada and France are all able to utilize the brokerage services from BDB.
Banc De Binary Is On Facebook
I also found out that BDB is on Facebook. I had to go and check it out to see what they were posting. The site is still fairly new but it does have something to offer. Fans who like the page will get daily market updates and news relating to BDB. This is pretty cool because from what I saw it looked to current and relevant. Plus, when I looked back in the timeline there were posts about Asian and European market events not covered on CNBC. I thought that was awesome because it adds another dimension to trading the world markets.
Update For BDB Affiliates
Banc De Binary has a pretty good affiliate program. Not only is there payout for reaching new depositors there are also usually several contests going on. Three new contests are now in the works and one of them has already started. Beginning March 1st all affiliates who bring in 10 new depositors for the month will get a Galaxy Tab 2 tablet. The contest in April is to bring in 20. Winners will receive a MacBook Pro. For may, any affiliate who can bring in 30 new depositors will receive a Phillips 3D LED TV. The challenges are hard, I have never gotten ten in one month, but the prizes are worth it. Seriously, put a little more work into, make a little more money and get a new touch screen tablet or maybe even a new lap top or TV?