The Binary Option Brokers Association (TBOBA) was founded in 2013.
The binary options industry made a great deal of progress in 2014. New brokers opened and old brokers closed. However, by the beginning of 2015, there are now over 20 licensed and regulated binary options brokers.
The binary options industry is a niche area of the financial markets. A binary option, is a new financial instrument for active and high frequency traders.
Working with member brokers and traders worldwide. The Binary Option Brokers Association provides a facility for professional development, research and exchange of information among brokers and traders. All for the purpose of preserving the integrity of this new industry. TBOBA advises binary options brokers on client retention, marketing and industry best practices.
The Binary Option Brokers Association is not involved in the regulation or licensing of binary option brokers. The licensing and regulation of brokers is mostly handled by the Cyprus Securities and Exchange Commission. As a member of the European Union, Cyprus licensed Investment Firms are covered under the EU’s MiFID rules which allow these broker to operate in all EU countries. Certain countries have their own country specific rules and regulations for binary option brokers. Click here to see the list of financial regulatory agencies.
Trading Signals & Trading Apps
There are many trading apps and trading signal providers making promises of fast money. It is important for potential traders to understand what these signal services are, and the pitfalls in using them. Read more about trading signals here.
Binary Option Brokers Scams
Scams & Complaints in the Binary Options industry are wide spread. Read the brief article about complaints here, to know what the most common complaints are.
And then read this article: How To Compare Binary Option Brokers.
Why Does Everyone Love Binary Options?
The profit / loss potential in binary options follows the ‘all or nothing’ principle. Meaning, traders can either lose all the money placed on the trade, or profit anywhere between 60% and 95% depending on the asset and time frame. The risk involved in this trade is known. Binary Options is an easy way to profit from predicting correctly if a currency pair, stock index, or commodities price will rise or fall.
We encourage you to check out news section which brings you latest binary option industry updates.
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