Which Government Agency Licenses and Regulates Binary Option Brokers?
Each country has its own financial regulator who is responsible for regulating binary option brokers, stock brokers, Forex dealers, and commodity exchanges. Some countries like those who are members of the European Union, accept brokers who are registered with one countries regulatory agency. For example, the arrangement EU countries have with CySEC, the regulator of binary option brokers in Cyprus.
Scam Brokers may advertise that they are regulated by a specific countries regulatory agency, but it is the responsibility of the trader / investor to double check that;
1. The broker is actually registered with the regulator.
2. The brokers license is still valid.
Traders can go here to see reviews of licensed and regulated binary options brokers.
Australia – Australian Securities and Investments Commission – http://www.asic.gov.au/
Canada – Investment Industry Regulatory Organization of Canada (IIROC) – http://www.iiroc.ca/
Cyprus – Cyprus Securities and Exchange Commission – http://www.cysec.gov.cy/
Czech Republic – Czech National Bank (CNB) – http://www.cnb.cz/en/
Denmark – Finanstilsynet (The Danish FSA) – http://www.finanstilsynet.dk/da/
Estonia – MTR Majandus – https://mtr.mkm.ee/
France – Banque de France (BDF) – http://www.acpr.banque-france.fr/
Germany – Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin) – http://www.bafin.de/EN/
Hungary – Pénzügyi Szervezetek Állami Felügyelete (PSZÁF) – http://www.mnb.hu/
Italy – Commissione Nazionale per le Società e la Borsa (CONSOB) – http://www.consob.it/
Japan – Financial Services Agency – http://www.fsa.go.jp/en/
Malaysia – Securities Commission of Malaysia – http://www.sc.com.my
Netherlands – Netherlands Authority for the Financial Markets (AFM) – http://www.afm.nl/
Russia – Financial Market Relations Regulation Center (FMRCC) – http://fmrrc.ru/en
Singapore – Monetary Authority of Singapore – http://www.mas.gov.sg/
Spain – Comisión Nacional del Mercado de Valores (CNMV) – http://www.cnmv.es/
Slovakia – National Bank of Slovakia (NBS) – http://www.nbs.sk/
South Africa – Financial Services Board (FSB) – http://www.fsb.co.za/
Sweden – Finansinspektionen (FI) – http://www.fi.se/
United Kingdom – Financial Conduct Authority (FCA) – http://www.fsa.gov.uk
United States – U.S. Commodity Futures Trading Commission – http://www.cftc.gov