02/07/2015 Chris Morton
CySEC or Cyprus Securities and Exchange Commission is the agency which regulates the finances of Cyprus. From 2004 onwards, CySEC has become a member of both European Union and European MiFD regulation. Through this, all the firms in Cyprus will be able to trade with the rest of the world. Many of the foreign firms working in this country have taken advantage of the situation.
CySEC Regulated Binary Options Brokers
There are plenty of CySEC regulated binary brokers. If you are an EU resident I highly recommend choosing an EU regulated broker as you trust their reputation due to the strict nature of receiving the license. To receive the license the company must comply with:
Full legal documentation of company registration
No criminal records of all directors and shareholders
2 year business plan
Group structure information
Organizational structure information
Full procedures for all activities and operations
Proper staffing of the company
Sufficient financial resources
Full financial statements for last three year