US Security and Exchange Commission bold move to take a stern action on non-compliant binary brokers is worth recognition and to be hailed to. This is because the rise of the binary brokers in the recent past needed attention. Had this not been attended to then the US binary traders would be on the losing edge. This meant that few credible binary brokers who were mostly offshore brokers had to meet the stated rules and regulation set by SEC in order for them to trade on this market. An example of such a broker is Boss capital. Boss capital has taken the binary options world by storm since its launch in January 2014. A major pull factor for incoming clients has been the security the platform offers, as one of the few online brokers to be licensed and regulated by CySEC at the same time accepting US clients. Payout rates of up to 85% on successful trades make Boss capital one of the most lucrative platforms on the market. Customers can continually advance their trading abilities with Boss capital’s advanced educational academy, which presents numerous learning opportunities. International traders can access the platform in 6 languages, so that clients worldwide can participate in trading through their own native language. Given its rapid takeoff, Boss capital is expected to reach only greater heights in the years to come.
The protection offered by Boss capital is of paramount importance for traders who are concerned about the safety of their funds online. Licensing from the Cyprus Securities and Exchange Commission (CySEC) means that clients can make trades with the knowledge that their interests are being safeguarded. CySEC is as an independent body supervising the market to ensure compliance with EU market regulations. Binary trading platforms which receive licensing from the agency must abide by strict market criterion, guaranteeing that you will only receive the services of a secure and reliable broker. Regulation serves for the better interest of the traders who have invested their money with a regulated broker. For instance Cyprus regulated brokers are required to have segregation of funds from the operating fund. This means in case the brokers operations go bankrupt you will have been protected to a maximum of $25000. Therefore you have the right to claim from the broker any amount owed to the broker which is below $25000.