IQ pOption Ready For Canada?

Canada looking in to binary options bit more carefully now, traders are advised to pick a broker that is regulated. What is regulated?

  • A company has equity capital which is not less than EUR 200,000;

  • There is a mandatory insurance for customers’ investments – the European insurance fund of investors;

  • A company has audits every month in order to check brokerage activities for compliance with all EU requirements;

  • A company annually undergoes an external balance audit in order to check if there is sufficient capital for traders’ transactions;

  • A broker uses segregated (separate) accounts for keeping traders` money and doesn’t have a right to use them for any other purposes but for customers` operations.

When CSA is making sure traders know what to look for, they ask are they registered in Canada? Simple answer is NO. But NO?  Currently there is no Binary Options Brokers Registered in Canada. Why does that matter, well it does to some traders. For support to the local economy etc. to name one. For every one else you have to do you do-diligents when it comes to your finance. We recommend doing your research and finding out how they treat a trader: what are the payment options, how is the money transferred, is my money safe, what are my options to take my money out, how long is the process of withdrawing your money and which broker can give me the best deal.
Conclusion is this, if there is any binary options broker that’s going to be ready for Canada it is IQ Option and Banc De Binary  and GOptions to name a few.

More Info on IQ Option

Regulated by:
The Financial Market Relations Regulation Center (FMRRC) is a non-commercial organization created to regulate the quality of services provided by brokers and dealers of financial instruments. The Center’s mission is to provide traders with highest level of security in their transactions in stock and foreign exchange markets, and it offers certification of brokers in pursuing this objective.
Licensed By: CySec
CySEC monitors the activities of companies rendering financial services to ensure their compliance with the laws and regulations of the Republic of Cyprus and the European Union. IQOPTION EUROPE LTD., part of IQOPTION Company Group, holds License No. 247/14, issued by the Cyprus Securities and Exchange Commission, an independent public oversight agency responsible for regulating the investment services market in Cyprus.

License number 247/14

Register of: FCA

The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, which operates independently of the UK government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets.

Authorized by: Consob

The Commissione Nazionale per le Società e la Borsa (CONSOB) is the public authority responsible for regulating the Italian financial markets. The purpose of the activities of CONSOB is to protect the investing public. The agency reliably maintains its authority and competence to that end, conducting investigations into potential infringements, insider dealing, and market manipulation. License number n.0008204/15
Regulated by: Regafi
The Financial Agents Register (Regafi) lists all companies, French or foreign, that have been granted authorisations to operate in France by the ACPR.It also lists the agents of French payment institutions, operating either in France or in other States party to the agreement on the European Economic Area.In addition, the Financial Agents Register lists companies to which the ACPR has granted an authorisation to conduct banking activities in Monaco. License number n.0008204/15
Quotations Provided By: THOMSON REUTERS
Thomson Reuters is a respected media company that includes Reuters, a news agency that has been reporting since the nineteenth century, making it one of the oldest in the world. The company provides information about the state of financial and commodity markets to professionals worldwide, and it is the official supplier of financial quotes to IQ Option.