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Even stockpair had to comply with CySEC’s intervention

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Alert: This article is not relevant anymore. On November 4th 2017, the broker Stockpair has been closed. Please, choose a different broker from our Brokers Section. Thank you.

CySecIt has been a few months now, since CySEC have sent out a circular, wherein informs all brokers of new rules. According to them, among other things, all regulated brokers should show not only the mid-price, but also the bid and ask price, as we can see for example in banks. When brokers in a few weeks do not comply with these rules, they will lose their licenses. More about this Circular here: CySEC tightens the rules for binary trades.

Few days ago we informed you that all brokers operating on the SpotOption platform (e.g. Option Trade) have already applied appropriate changes and it is only a matter of weeks for all the other regulated brokers to do so, if they don’t want to lose their licenses.

Stockpair has modified their platform

All brokers with a SpotOption’s platform, as we’ve told you in previous article, have integrated the changes into their platforms. Now it’s  time for brokers with other platforms to follow. Among the first to apply such changes that I have seen  is Stockpair. After all, I trade with them the most.

Stockpair shows the bid and ask price

Stockpair shows the bid and ask price

stockpairStockpair’s bid and ask price is not displayed by default, in the corner of the platform, just as e.g. Banc de binary, but it appears after selecting the type of option you want to buy. So when we choose CALL, the graph shows the ask price. Likewise, if we choose PUT, it shows the  bid price.

Now it is only a matter of time (I guess a couple of days, max. weeks) before Stockpair begins to show the origin of the quoted price for the relevant assets. Right now it still only shows the name of the asset.

After Stockpair, TopOption will undoubtedly  follow the changes and other brokers will come later on. 🙂

Author

J. Pro

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn't very successfull with dropshipping on Amazon and other ways of making money online, and I'd only earn a few hundreds of dollars in years. But then binary options caught my attention with it's simplicity. Now I'm glad it did because it really is worth it. More posts by this author

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