Binary options questions and answe
Sadly, many investors tend to think that since Cyprus is one of the underdeveloped economies in Europe. They see the country as unsophisticated with little to no financial regulations in place.
In their distorted thinking, they feel that that binary options brokers chose this location as the base for their operations in order to avoid strict regulations, when in reality the reason is that taxes are much lower in Cyprus.
In light of this, it makes complete sense that many brokers choose to base their businesses in Cyprus. Many of you have probably noted that most binary options brokers refuse to accept clients from the American market as they do not wish to be taxed by the U.