OptionBravo and ChargeXP were also financially penalized. CySEC also indicated that it has voted to reject the ShortOption license application.9U.S. Commodity Futures Trading Commission (CFTC) oversees the regulation of futures, options, and swaps trading in the United States. On June 6, 2013, the CFTC and the U.S. Securities and Exchange Commission jointly issued an Investor Alert to warn about fraudulent promotional schemes involving binary options and binary options trading platforms. At the same time they charged Banc De Binary Ltd., a Cyprus-based company, with illegally selling binary options to U.S. investors.1011In the UK, the Department for Culture, Media and Sport have written to the Gambling Commission suggesting binary options are to be reclassified from fixed odds bets to financial instruments.12 This would mean regulation falls under the remit of the Financial Conduct Authority. This would be a significant step in the regulation of binary options as FCA regulation would carry much more weight both with European members and UK consumers.Traderswho thinks that the EUR/USD price will close at or above 1.2500 at 3:00 p.m. can buy a call option on that outcome. A trader who thinks that the EUR/USD price will close at or below 1.2500 at 3:00 p.m. can buy a put option or sell a call option contract.About the riskinvolved in this trade is known. The traderrsquos gross profit/loss follows the all or nothing principle. He can lose all the money he invested, which in this case is 90 x 10 100, or make a gross profit of 100 x 10 1,000. If the EUR/USD price will close at or above 1.2500 at 3:00 p.m. the trader39s net profit will be the payoff at expiry minus the cost of the option: 1,000 ndash 100 900.The trader can also choose to liquidate (buy or sell in order to close) his position prior to expiration, at which point the option value is not guaranteed to be 100. The larger the gap between the spot price and the strike price, the value of the option decreases, as the option is less likely to expire in the money.Offshore or non-resident companies are described as companies that conduct an insubstantial or zero volume of business within their jurisdiction of incorporation.More specifically, offshore companies have three characteristics: Firstly, they should be registered as an entity within the jurisdiction of incorporation. Secondly, the incorporators should be domiciled outside of the jurisdiction of incorporation. Finally, the company should transact exclusively outside of the jurisdiction of incorporation. However, most associate the term offshore company as a means of increasing tax efficiency.To set up an offshore company or relocate your existing business overseas is a crucial step toward internationalizing yourself and your assets. There is a current misconception that offshore business is about evading taxes and hiding money from the government, which is certainly not the case.An offshore account gives a higher level of freedom, security and profitability. Many offshore countries guarantee bank secrecy. In some, bank secrecy laws are so strict that it is a crime for a bank employee to disclose any information about a bank account or its owner. Offshore banks normally offer very attractive interest rates. Offshore credit and debit cards afford a certain level of privacy since all purchases are debited to the offshore bank account.At the same time, some offshore banks are financially stronger and better managed than even major domestic banks. This is the case because an offshore bank must maintain a higher ratio of liquid assets to accumulated debts and almost never act as creditors.For the above mentioned reasons it could indeed make sense to operate a bank account in an offshore jurisdiction where it is safe from domestic fiscal authorities, creditors, competitors, ex-spouses and other who might wish to appropriate your wealth.The information contained in this website is for general information purposes only. The information is provided and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out,or in connection with the use of this website.In recent years many brokers have shut their doors to US traders, it started with Anyoption, Topoption and 24option and soon after many of the smaller brands gave up on their US market share, locking their doors to US investors. It turns out that one of the CySEC requirements for EU regulated binary options brokers is to COMPLY WITH US FEDRAL LAWwhich means that if you break it down, only the EU regulated brokers are actually operating in accordance to US law, or at least not invading any USjurisdiction which many brokers such as MarketsWorld, Goption, Redwood Options and a few other brokers are taking the risk and offering access to US traders.Based on the United States Federal Law and according to the CFTC decision,It is AGAINST THE LAW to solicit U.S.