As we already flagged it to you multiple times, European Financial regulators and more precisely the FCA Financial Conduct authority are increasingly cautious about the development of binary options scams and the way the gambling association is managing these problems.

Now, the FCA officially announces that it wants to regulate binary options and work on the transition of their regulation from a gambling service to a financial product , with a full set of procedures.

This is the biggest news in years for the binary options industry as it means that all binary options brokers wishing to propose their services to English customers will have to meet the strict requirements of the FCA.

The action from the FCA bodes well for the improvement of the security and safety of clients and their funds. The details of the FCA intentions were fully detailed in an announcement made by the institution on Wednesday.

The Financial Conduct Authority outlined the following points:. As a reminder, European binary options brokers are currently all regulated by the CySEC in Cyprus as the Cypriot regulator is currently the only financial regulator to recognize binary options as financial instruments.

However, the EU, via the intermediary of the CySEC, recognizes binary options as financial instruments and under EU financial services law, brokers which are legally established and regulated in one European Economic Area EEA country are entitled to offer their services in any other EEA country. The UK Government is currently consulting on proposals to treat binary options as a financial rather than a gambling instrument.

The consultation ends on June The approval of the consultation would place binary options under the regulatory framework of the FCA that would be able to impose a lot stricter rules on binary options brokers. Our mission at binaryoptions-broker. We propose you rankings and details on the best regulated binary options brokers out there, the one that are the most reliable and trustworthy and that have been in activity for the longest time.

We believe the above is tremendous news for the sector as it will make life a lot more difficult for fraudulent brokers and improve the binary options image conveyed to UK investors. Your email address will not be published.

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FCA likely to regulate binary options. FCA likely to regulate binary options Auteur: Charles Beaujoire As we already flagged it to you multiple times, European Financial regulators and more precisely the FCA Financial Conduct authority are increasingly cautious about the development of binary options scams and the way the gambling association is managing these problems.

The FCA provides details of its regulation intentions The details of the FCA intentions were fully detailed in an announcement made by the institution on Wednesday.

The Financial Conduct Authority outlined the following points: The FCA reminded that it does not currently regulate binary options and is only able to provide reliable brokers with an authorization to operate in the UK.

The institution also announced that the the UK Government was currently consulting on whether the FCA should regulate binary options in the future What was the situation before? News Trading with binary options explained The UK Gambling Commission warns binary options brokers.

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