Banc de Binary Celebrates 200,000 Traders and Prepares for Regulation

BinaryOptionsNow | Published on September 23, 2012 at 8:37 am

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BinaryOptionsNow – Renowned binary options broker Banc De Binary has announced that it had reached a total number of 200,000 active traders. This is a huge milestone for the company that clearly reflects the progress that has been made since the venture’s opening in 2008. At the same time, the company is also extensively working on becoming regulated for binary options trading in Cyprus.

Banc De Binary Reaches 200,000 Accounts Milestone

Binary has been in the business since the creation of the binary options industry. It has been an industry leader ever since and was constantly working on improving its products and services. This continuous development of new features and the owners’ active participation in helping our user has resulted in the broker reaching the milestone of 200,000 users.

Banc De Binary owner and CEO Oren Laurent has recently released a statement regarding the issue thanking all traders and partners who have contributed to the reaching of this milestone. CEO Laurent also reflected on the fact that his venture is at this moment one of the largest binary brokers on the market.

The broker is at this moment operating in more than 80 countries around the planet, offering quality binary options services. Further elaborating the company’s success, CEO Oren Laurent commented on the multiple awards and recognitions his venture has received during the past few years.

The CEO then also promised that he and his staff will work hard to maintain the company’s leading position on the market by constantly improving the services offered and creating more updates and introducing new and exciting features.

Banc De Binary to Become Licensed in Cyprus

In the notice the CEO also touched the issue of regulation. Banc De Binary has just recently set up an office in Cyprus, a European Union member state that is also an online trading regulator. Not so long ago the Cyprus Securities and Exchange Commission (CySEC) has announced that besides regular brokers it would also begin to regulate binary options providers.

Banc De Binary has a very good chance of becoming the first binary options broker on the market that will become regulated in reputable country and jurisdiction. Regulation would mean that traders would be able to trade under the safest environment imaginable.

The fact that a broker is regulated means that it will have to follow several strict guidelines and rules regarding trader safety, funds safety as well as only offer fair and reliable services. As part of its licensing process, Banc De Binary already follows these rules.

CEO Oren Laurent commented that he and his company are extensively working with the Cyprus Securities and Exchange Commission (CySEC) in order to become licensed as soon as possible. There is at this moment however no clear date then Banc De Binary will receive a new license but it should happen sometimes in the near future.

Oren Laurent closed his statement with expressing his confidence that the licensing process will be finalized with success, making sure that traders can rest assured that they will be trading at a binary options broker that respects some of the most advanced and trader oriented rules and regulations in the binary options business.

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