OptionBit and OptionXP have worked hard to reach the ranks of leading binary option brokers in Europe. The icing on the cake is their recent acceptance under Cyprus Security and Exchange Commission regulation (CySec). CySec regulation ensures traders of total privacy and optimal security by brokers in all their trading endeavors.
Joining other major binary options brokers recognized by CySec, such as TopOption , Power Option and Option Winner, OptionBit and OptionXP may now legally conduct operations in all European Union countries. Both OptionBit and OptionXP are domiciled in Nicosia, Cyprus and offer traders options on stocks, currency pairs, commodities and indices.
OptionBit is one of the oldest binary option brokers and has been around longer than most of the others. Founded in 2009, it offers a trading platform that is far more sophisticated than most brokers. It also boasts its newly introduced Algobit, an in-house technologically developed algorithm that spots an upcoming trading trend and sends a signal to the trader when the time is right to enter a trade.
OptionXP, founded in 2011, is a sister binary broker with OptionBit and is operated by the same company. OptionXP uses the Tradologic platform for their option trading. In addition to the standard binary options, they also offer exotic option trading and over 100 assets to choose from in around the clock trading.
The newly acquired CySec regulation will further enhance the position of both these brokers as leaders in the binary options arena. It's worth noting that while regulation may be important, there are other factors to consider when choosing a binary options provider. To see a list of all of our top recommended brokers, click here.