1. GFT Binaries
GFT offers Binary Options but with a difference the Binaries offered by GFT come in either the form of a spread bet or Contract for difference. While this differs from the way many of the other providers offer binary options, it better models how binary options are actually exchanged in real life. Another plus is FSA regulation due to the fact the binaries are offered in a spread bet or CFD format. I would place GFT at the top of the list for anyone within the European Union who wishes to trade binaries.
2. IG Binaries
Coming in a close second IG Markets has also begun to offer Binaries to their clients. At IG Markets Binaries are offered in the form of a contract for difference rather as a direct binary this again has the advantage of allowing the product to be regulated by the FSA. The only reason IG comes in second place for me is I just prefer GFT. Though I don’t feel there is much between the two companies. IG Markets makes for a great alternative for those who don’t want to trade binaries with GFT.
3. SpotOption Ltd Sites
In a recent change of position CySec has decided to regulate binary options making it the first member of MiFID to regulate the industry in Europe. However the regulation doesn’t apply to all the white label sites run using the SpotOption platform and only to the websites that are directly owned by S.O SpotOption Ltd. An example of which would be GTOptions. However the new regulations in Cyprus will mean all companies operating Binary Options platforms from Cyprus will have to apply for a licence by the end of November in order to comply with the new regulations.
A white label platform provided by SpotOption Ltd, OneTwoTrade has made the decision to become regulated by the Maltese Gaming Commission while this doesn’t provide the same kind of protection that a financial regulation would it does provide a degree of protection and it is a lot better than having no protection.