CySEC regulated brokers have immediate access to every market that complies with MiFID. The Markets in Financial Instruments Directive 2004 is “a European Union law that provides harmonized regulation for investment services across the 31 member states of the European Economic Area” (Wikipedia). This directive has changed the ways that online trading operators, brokers and platforms are legally allowed to practice in the European Union. The MiFID Directive of 2004 has successfully plotted the framework of what financial instruments can and can not do in Europe. Some of the popular CySEC regulated binary options brokers such as Banc de Binary and AnyOption have successfully entered the European market through the MiFID law and in accordance with CySEC regulation. This law was introduced in order to reduce systemic risk and strengthen existing investor protections in all online financial industries and markets, including binary options.
- http://ec.europa.eu/finance/koel/index.cfm?fuseaction=question.show&questionId=1095 – Is the trade of Binary Options an activity regulated under MiFID? Do Binary Options fall within the definition of financial instruments under MiFID?