Cyprus-Forum.com

[Maximus]

Pahpitis,

FxPro and FXTM are not binary brokers but they are reputable brokers.

Binary's are banned now in the EU. They should have been strictly regulated under a gambling commission and not promoted as an investment vehicle.

Furthermore, the practices of many of these binary companies was highly unethical. The way they were operating as a collective is what tarnished their industry. They were essentially robbing people.

This was something I didnt understand, the odds were so far in the binary companies favor. (much better than a roulette wheel for a casino) but they couldn't let the clients entertain themselves and lose their money by themselves 'legitimately'. They had to rob them as well.

There are many operating in Cyprus.

CySec has welcomed these operators into Cyprus whereas they are not allowed in the US, Europe or Australia.

This says it all Max.

http://www.binaryoptionsexplained.com/cyprus

Yes many of them were in Cyprus, however the scam was revealed by the way they (some, many) were operating as a business. At surface level, binaries are a product that can be regulated but in my opinion, they should be regulated by a gambling commission.

Nadex is a binary options broker operating in the US, licensed and regulated by the CFTC.

[Paphitis]

Pahpitis,

FxPro and FXTM are not binary brokers but they are reputable brokers.

Binary's are banned now in the EU. They should have been strictly regulated under a gambling commission and not promoted as an investment vehicle.

Furthermore, the practices of many of these binary companies was highly unethical. The way they were operating as a collective is what tarnished their industry. They were essentially robbing people.

This was something I didnt understand, the odds were so far in the binary companies favor. (much better than a roulette wheel for a casino) but they couldn't let the clients entertain themselves and lose their money by themselves 'legitimately'. They had to rob them as well.

There are many operating in Cyprus.

CySec has welcomed these operators into Cyprus whereas they are not allowed in the US, Europe or Australia.

This says it all Max.

http://www.binaryoptionsexplained.com/cyprus

Yes many of them were in Cyprus, however the scam was revealed by the way they (some, many) were operating as a business. At surface level, binaries are a product that can be regulated but in my opinion, they should be regulated by a gambling commission.

Nadex is a binary options broker operating in the US, licensed and regulated by the CFTC.

They are still in Cyprus Max.

In fact they boast that Cyprus is the primary Option regulator on the planet - which means no other country let's them in.

https://www.optionsadvice.com/regulation/cyprus/

And that IFX business you mention is a funneling middle man to the binaries markets in Cyprus. It's dodgy as.

https://www.timesofisrael.com/as-victim ... in-cyprus/

If CySec allows this, then its not a reputable market.

In fact, these forex companies you mentioned are NOT reputable. DT is right.

https://xchservices.eu/registration-of- ... in-cyprus/

[Maximus]

What IFX did I mention?

Binary options are banned in the EU, this includes Cyprus. The information you are looking at is well outdated.

Of course FXPro and FXTM are reputable company's. Why would you think otherwise? You have not provided a link to the contrary.

[Paphitis]

What IFX did I mention?

Binary options are banned in the EU, this includes Cyprus. The information you are looking at is well outdated.

Of course FXPro and FXTM are reputable company's. Why would you think otherwise? You have not provided a link to the contrary.

I don't know about that Max, because they are still operating in Cyprus.

So if they are banned, Cyprus isn't enforcing jack shit because they are still there and operating.

You can see dozens of them listed on the CySec website with their license numbers.

https://www.cysec.gov.cy/en-GB/entities ... ginswith=b

[Maximus]

IFX is a B2B expo.

[Paphitis]

IFX is a B2B expo.

See here Max:

https://www.cysec.gov.cy/en-GB/entities ... ginswith=b

I have already counted about 10 binary firms listed without looking deeply.

[Maximus]

So if they are banned, Cyprus isn't enforcing jack shit because they are still there and operating.

You can see dozens of them listed on the CySec website with their license numbers.

https://www.cysec.gov.cy/en-GB/entities ... ginswith=b

Some of them might still be operating, many of them have disappeared but non of them are offering binary as a product.

[Paphitis]

So if they are banned, Cyprus isn't enforcing jack shit because they are still there and operating.

You can see dozens of them listed on the CySec website with their license numbers.

https://www.cysec.gov.cy/en-GB/entities ... ginswith=b

Some of them might still be operating, many of them have disappeared but non of them are offering binary as a product.

Why are they operating Max is the question you should be asking and why are they not operating in France, UK, USA, or Australia where the markets are actually big?

Because CySec is the only jurisdiction that will grant a license to these Russian phoneys.

Here is a list of all Binaries in Cyprus.

https://www.cysec.gov.cy/search/?searchtext=Binary

Yoiu say they don't offer Binary options anymore. That is like saying a Drug Dealer is dealing in drugs anymore.

[Paphitis]

Look, Cyprus isn't a market I can trust with mu=y hard earned I'm sorry.

I can probably trust people like DT, but I just can't trust the Cyprus system.

I just don't even like Cypriot Banks or can trust them either because they are useless. At my wits end with the hopeless bastards.

Gimme an American Bank or a French or German or British Bank any day but any Cypriot Bank can jam it.

The fact that you guys almost bankrupted your own country is something I just can't believe.

I have no faith in your regulatory authorities at all. Because I see everyone doing as they please with no ramifications.

[Maximus]

I dont think you want to understand,

Some of them have had to adapt and offer traditional trading products, which allows them to keep operating.

Some binary company's had their licenses renounced by CySEC.

The information you have provided here is a list of all brokers.......I see many brokers on that list that never offered binary options.

The US is regulating a binary options broker, called Nadex.

IG, which is a UK based broker, promotes binary options and funnels them to Nadex that is based in the US.