It 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’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. 🙂