The Cyprus Securities and Exchange Commission is a binary options regulating body also known as CySEC. This is the financial regulatory agency for the Cyprus Republic. CySEC is a subsidiary of the MiFiD regulations and has lured firms in other continents to register in Cyprus. Regulation through CySEC allows access to the firms registered under them to the rest of Europe.
Binary options and forex brokers are some of the companies that have taken the greatest chunk of the licenses the body has to offer. This is a great option these companies have taken since they are able to acquire licensing without the need to meet strict requirements that would be required by the European financial regulators but still qualify under the MiFID spectrum.