Binary Options Brokers and Licensing Authorities
Registration with a trustable government body adds creditability to any binary options broker.
Regulators enforce brokers to apply certain policies and practices towards minimizing their operational risk, but also to protect corporate and customer funds. Regulators may impose fees to brokers who misbehave and work as a shield in favor of binary options traders. In general, regulation matters.
Each different country has its own governing body which aims to monitor and to control the domestic financial sector. Since the past couple of years, binary options brokers started to get licensed from CySEC (Cyprus). Some other brokers have also registered with FCA (UK), BaFin (Germany), etc. This is good news for binary options traders. Here are the most important regulators in Europe, per individual country:
- The United Kingdom -The domestic governing body for the United Kingdom is the Financial Conduct Authority (FCA UK)
- Cyprus -The domestic governing body for Cyprus is the Cyprus Securities and Exchange Commission (CySEC UK)
- Germany -The domestic governing body for Germany is the Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin)
- France -The domestic governing body for France is the Autorité des Marchés Financiers (AMF)
- Spain -The domestic governing body for Spain is the Comisión Nacional del Mercado de Valores (CNMV)
- Italy -The domestic governing body for Italy is the Commissione Nazionale per le Società e la Borsa (CONSOB)
- The Netherlands -The domestic governing body for the Netherlands is the De Autoriteit Financiële Markten (AFM)
- Poland -The domestic governing body for Poland is the Komisja Nadzoru Finansowego (KNF)
- Ireland -The domestic governing body for Ireland is the Central Bank of Ireland (CBI)
- Sweden -The domestic governing body for Sweden is the Finansinspektionen (FI)
- Austria -The domestic governing body for Austria is the Finanzmarkt Österreich (FMA)
- Belgium -The domestic governing body for Belgium is the Financial Services and Markets Authority (FSMA)
- Czech Republic -The domestic governing body for the Czech Republic is the Česká Národní Banka (CNB)
- Denmark -The domestic governing body for Denmark is the Finanstilsynet (FSA)
- Finland -The domestic governing body for Finland is the Finanssivalvonta (FIN-FSA)
- Greece -The domestic governing body for Greece is the Hellenic Capital Market Commission (HCMC)
- Hungary -The domestic governing body for Hungary is the Pénzügyi Szervezetek Állami Felügyelete (PSZÁF)
- Latvia -The domestic governing body for Latvia is the Finanšu Un Kapitāla Tirgus Komisija (FKTK)
- Luxembourg -The domestic governing body for Luxembourg is the Commission de Surveillance du Secteur Financier (CSSF)
- Malta -The domestic governing body for Malta is the Malta Financial Services Authority (MFSA)
- Norway -The domestic governing body for Norway is the Finanstilsynet
- Portugal -The domestic governing body for Portugal is the Comissâo do Mercado de Valores Mobiliários (CMVM)
- Romania -The domestic governing body for Romania is the Romanian National Securities Commission (CNVMR)
- Slovakia -The domestic governing body for Slovakia is the Národná Banka Slovenska (NBS)
- Slovenia -The domestic governing body for Slovenia is the Agencija za trg Vrednostnih Papirjev (ATVP)
