Cysec Suspends Licences for Various Brokers
Cyprus Security and Exchange Commission (CySEC) has suspended various CIF Licenses including Top Options , OptionClick, Prestige Options among others . CySEC states that there are “violations of legal provisions concerning the companies’ own funds and capital adequacy ratio for the license suspension.
Brokers, that have their licence suspended, are Topoption, OptionsClick, Prestige Option, Excellence Option, Platinium Option, Prooption, Dragon Option and TradersTrust. Until this matter has been resolved they cannot let their clients trade and they must allow them withdraw money. Further information regarding this offences can be found http://financefeeds.com/cysec-suspends-cif-licenses-several-fx-binary-options-firms/
This is one of the many changes CySEC is making in the Binary Options business. A further implication said to announced is the cancellation on all types of bonuses offered by Binary Options brokers, including TopOption, that keeps the customer’s money blocked until they reach a certain amount of trades.
We will keep you updated as we here further news regarding these developments. Customers must be aware of their individual capital gain tax liability in their country of residence. Should you be interested to trade with a broker directly and without the potential risk to lose money with a signals provider, note that you can trade directly using technical analysis. Visit Our Brokers Checklist because there are plenty of unregulated scam brokers in the industry which you can find listed on our Blacklist. Binaryumpire.com is secured website via https:// SSL encrypted protocol and Scam-free guaranteed by Site Lock daily scams! Clicking any content available within this website is totally RISK-FREE! Thank you for reading this review