TopOption, the Markets group’s binary option broker, is no longer part of Safecap Investments but becomes a property of Nuntius Brokerage & Investments Services S.A. Both appointments belong to the same group: PlayTech
What does this change for TopOption traders? We bring you the answers in this article!
TopOption under a new regulation license
As we have announced, TopOption now belongs to Nuntius Brokerage which is supervised by the HCMC (Hellenic Commission for Capital Markets) the Greek regulator. Like the Cypriot regulator CySEC, the HCMC must respect the prerogatives of the ESMA (European Securities and Markets Authority), which is the “head” of regulators in Europe. In France, the AMF also complies with the HCMC directive. By switching to the Greek brand, TopOption can still operate in France because it complies with the same rules as those laid down for France.
What changes for customers?
If you are at TopOption you will need to complete the steps to switch your account from Safecap to Nuntius. The reason is quite simple and clearly shows compliance with the rules of the financial authorities. If you are currently a TopOption customer, your segregated account has been created by Safecap. You must apply for a transfer or approve the change to Nuntius Brokerage & Investments Services SA. Customers who refuse this transfer will have their account closed and of course their money credited to their own personal account.
For those who would be concerned by this change, TopOption is a reference in the binary options market and has never been fined by a regulator.