Binary options broker Anyoption latest to receive CySEC fine at €235,000
Binary options broker Anyoption explained by professional Forex trading experts the “Binary options broker Anyoption” FX trading team.
Binary options broker Anyoption
LeapRate has learned that Anyoption has become the latest regulated broker in Cyprus to receive a regulatory fine, as part of a major sweep by CySEC of all leading CIF-licensed brokers on the island.
anyoption logoIn terms of size, Anyoption’s fine (formally handed out to Anyoption’s regulated parent company Ouroboros Derivatives Trading Ltd) is middle-of-the-road as compared to several larger €300,000+ fines handed out to Banc de Binary, EZTrader, InteractiveOption and IronFX, and smaller yet substantial fines received by firms including 24option (€156,000), UFX.com (€123,000), and CommexFX (€150,000).
We expect that there are more CySEC fines to come as the regulator continues its reviews of other brokers.
The corrective measures agreed to by Anyoption as part of its censure by CySEC include, interestingly, the agreement that it move all its call center activity to Cyprus. Anyoption currently carries out much of its call center activity in Israel, which we understand will now be shuttered.
The reasons CySEC gave for the fine were, as with most of the previously mentioned companies, fairly vague and general in nature – issues regarding providing investment advice, supervision of activities, terms of bonuses granted to clients.
Anyoption is one of just a handful of binary options brokers whose operations are indeed licensed by a recognized governmental regulator. Most binary options brokers, subject to a lot of negative press lately, operate as offshore unregulated entities.
Binary options broker Anyoption Conclusion
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