Dragon Options is latest binary options broker to get a CySEC CIF license

Dragon Options runs on the SpotOption platform, focus on Russian market.

Cyprus’ financial regulator CySEC has issued its latest CIF license to a binary options broker, Dragon Options. Dragon Options is one of the Cyprus-based binary options brokers which was given a window of time to ‘get licensed’, after CySEC decided nearly two years ago that binary options brokers would indeed require regulation.

Dragon Options is focused on the Russia market, highlighted by its all-Russian Twitter feed.

Dragon Options runs on the SpotOption binary platform. SpotOption has recently launched a social trading platform for binaries. We also recently ran a ‘tell-all’ interview with SpotOption Director of Marketing Tammy Levy.

The question of licensing has been a bit of a revolving door the past few months. While a number of binary brokers have indeed decided to take the plunge and ‘get regulated’ by CySEC, a number of others have decided that it is either too expensive or just not worthwhile. Binary options traders seem less inclined to care whether or not their broker is indeed regulated, as compared to Forex trading clients.

And we also had the case of iOption, one of the few CySEC regulated binary options brokers, which abruptly closed very soon after receiving its CIF license.

For a list of all CySEC regulated investment companies click here.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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