Binary Options to be regulated by CySec | Finance Magnates

IG Group said the acquisition of Chicago-based tastytrade would significantly increase the scale of IG’s existing U.S. listed options and futures. On January 21, 2021, IG Group said it had agreed to buy U.S. [3] [4] for $1 billion — $300 million in cash and 61.0 million IG shares valued at $700 million. business and allow the company to benefit from recent growth in “self-directed” retail investing in U.S. brokerage and financial education firm tastytrade Inc.

With view on the European legislative framework, the Cysec has decided that Binary Options are financial instruments as per paragraphs 4 OR 5 OR 6 OR 7 of Part III of Appendix 3 of the Law. Therefore, the entities which offer investment services, as per Part I of Appendix 3 of the Law, in relation to Binary Options, have to submit their application to the Cysec to obtain license to operate as a Cyprus Investment Firm (CIF).

IG customers are allowed to buy the affected shares, but they must supply their own capital to cover those positions. In late February 2021, IG Group said it had suspended leveraged trading in 900 shares in response to volatile trading conditions in certain small stocks. Each company that will submit an application to Cysec for obtaining CIF authorization, shall decide, on the basis of the characteristics of the financial instrument/product, whether it will categorize the said instrument into paragraph 4 OR 5 OR 6 OR 7 of Part III of Appendix 3 of the Law.

In addition to that also you can use another Binary Options Broker for a free demo account. Just insert your real data into the table/page. I recommend the broker IQ Option because the trading platform is very user-friendly. With reference to the CIFs that already have a license for offering investment services in relation to financial instruments of paragraphs 4 OR 5 OR 6 OR 7 of Part III of Appendix 3 of the Law, these can continue to offer the said services, but need to immediately inform Cysec in writing on whether they intend to or are already performing activities in relation to binary options daily forecast san juan options.

Most traders make the mistake to start trading without experience. As a result, you can develop your own strategies to trade the markets successfully. In the Demo Account, you can learn more about the markets. IG Group was founded in 1974 as the original spread betting house, which at the time offered a new way for people to trade on the price of gold by dealing on the price of an index rather than trading the commodity itself. Over the years the firm spread the concept to other products and, as the internet emerged in the late 1990s as a venue for trading, IG Group introduced online dealing.

The well-known five-tier account structure is offered at Depending on the initial amount deposited, traders are treated to different accounts ranging from Standard to Magnum Elite. Most banking is done through credit card transactions, with larger deposits and withdrawals possible via bank transfer.