Despite the fact binary options in Netherlands is a relatively new investment vehicle, it is crucial for any future binary options trader to be aware of the regulations of his country. As a whole the regulations process is still at the early stages of its development but at least the good news is it has begun. Actually, it will be fair to say that most of the brokers these days are actually unregulated at the moment, and by most we mean even the reputable ones.
The only thing that is known regarding this topic is that those brokers have already filled their applications in order to obtain different regulations but the truth is it might take some time for the approval itself to come. However, there are a number of binary trading brokers that are known as “regulated” even though the complete meaning of the word is not met.
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Within the next few lines we will actually try to give you information regarding the regulations in The Netherlands so that you can gain a brief idea of those important things and hopefully you will select the right broker depending on your needs.
The first important thing we would like to mention here is it is crucial for you to choose the best binary options broker and this is why you need to make sure it is regulated. The regulatory commission of The Netherlands is AFM which stands for The Netherlands Authority for the Financial Markets.
It is important to make sure that the broker you have chosen is actually regulated by this regulatory commission. Basically the licensed broker you will have to choose is a broker that will follow the rules strictly and will be imposed by a regulator or an authority.
It should also meet a number of security and legal criteria – if so, it will be regulated. Of course the next important things are the bank accounts to be segregated in order to ensure different payment benefits to clients no matter of the current financial situation. The money of the clients is kept in a safe account and all movements and transactions are being constantly monitored by third party players.
And since ach country has its own regulatory bodies, it is important to be well known of the regulatory authorities of The Netherlands, as mentioned above. Here are some brokers that are “regulated” and might be used in The Netherlands.