Option Fair is known to be one of the first brokers to obtain a UE license from CYSEC
Victoria, Mahe (PRWEB) October 31, 2013
Binary-options-broker.com is one of the oldest portals monitoring the trends in the binary options brokerage industry. The website lists a ranking of the top five brokers for both binary trading and forex trading.
October's update brought major changes in the ranking, as Option Fair was ranked as the best binary options broker for the first time. This change shows that monitoring portals give more and more weight to brokerage regulation, as Option Fair is known to be one of the first brokers to obtain a UE license from CYSEC (Cyprus Securities and Exchange Commission).
On the forex rankings, the first place was awarded to XM, a broker formerly known as XE Markets who underwent a rebranding earlier this year. XM is part of the Trading Point financial group. The forex broker has received very good media coverage after the rebranding as it was ranked in August as the third best forex broker by the renowned portal forex-brokers-online.com.
The second place on the forex list was given to Markets.com, one of the leading European brokers. Ava Trade, another broker who underwent a rebranding this year (it was formerly known as Ava FX) was ranked third in the forex broker ranking.