Cysec 60 seconds binary options demo account 3 trading
Brokers now face fines up to 1 million Euros for non-compliance. Similar requirements have also been proposed for the use of market makers. Earlier this year CySEC revealed some changes brokers will have to make in order to remain compliant. For the most part, the brokers are pleased with the new rules and, in fact, some brokers were already moving in that direction.
The IQ Option spokesperson went on to say that the new rules will force a consolidation in the industry. The smaller brokers and the scams will not be able to keep up with the changes leaving only the larger, more established and more trustworthy brokers behind.
Technology providers are not immune to the changes either. The IQ Option platform is easy to navigate. Traders can switch between products in just one click. The crypto trading list is constantly growing, so you can expect more digital currencies to be added to the platform. The Ayrex trading platform is quite unique and deserves to be reviewed in detail. The trading platform is web-based and mobile friendly, so binary traders can use it on any device.
The company has developed its own software and does not use third party technology. In fact, the ForTrade brokerage offers two main ways to trade forex: There are also mobile solutions for both platforms, which are available free in the App Store and Google Play. In the following review, we take a close look at the ForTrader web platform and examine how you can open trades and manage your positions to make profit. ForTrade has chosen to operate as an STP broker, which is fair enough to retail traders who are looking to make profit on the forex markets.
The company has put some real effort into providing an education for beginners. It is a fairly safe broker to trade with because ASIC is known for upholding high standards as a financial watchdog. CySEC has recently begun to take action to address these issues. These changes are meant to help standardized trading, increase transparency, give better terms for clients and provide enhanced investor protections.
The proposed reforms now under consultation will enhance the nature, characteristics and trading methodology of this type of retail financial instrument. The new proposed standards regarding the Digital Options Contracts will seek to eliminate the causes of concern regarding the practice that are found commonly to be followed by those providing binary options products, ensuring firms act in an honest, fair and professional manner.
The reforms are intended to achieve 4 main goals. These are 1 to ensure that brokers act honestly, fairly and in accordance with their customers best interests 2 to ensure that adequate information about the products being offered is provided to clients 3 ensure to orders are executed in a manner favorable to clients and 4 to ensure that orders are executed and filled promptly and expeditiously.