Leveraged stock options trading account29 comments
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It is therefore not uncommon that many EU-regulated binary options brokers appear to be registered in the FCAs Register of financial services firms, although it is not clearly specified that the UK FCA does not regulate them nor it is explained that investor would not be able to enjoy the protection offered by the UKs financial services regulatory framework when purchasing binary options via such registered broker.
There are currently no legal requirements for the binary option firms to set out such disclaimer on their website and therefore most investors proceed with purchasing binary options investments in the incorrect assumption that they are dealing with a UK regulated firm, which is not the case.
CySec regulation, in any event, does not prove to be sufficient protection for consumers. The restrictive powers of CySec mean that they cannot order the broker companies to re-pay funds to investors. Instead, CySec tend to issue administrative fines only.