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Binary International, the highest ranking new binary broker in a recent survey by ITM Financial, has agreed to an auditing agreement with the International Binary Financial Auditors. The agreement allows the IBFA to audit Binary International customers' accounts and financial records.
Boston,MA (PRWEB) February 04, 2014
Binary International , which recently won the best new binary broker award from ITM Financial, is reviewing their regulation options. Binary International also agreed to being audited by the International Binary Financial Auditors, or IBFA. The IBFA standards insist on broker transparency and liquidity. The IBFA agreement allows the auditing firm to review all client accounts and broker bank accounts to make sure there is enough capital to cover 1.5x all the deposited money at the binary option broker. All client funds must be segregated apart from corporate funds.
"Binary International reviews have really been outstanding, not only in our monitoring system, but also with everything I read on the Internet," says CEO of ITM Financial, Curt Dalton. "We monitor reputation and integrity of all the companies we do business with and have agreements with, and Binary International is stellar. I am glad to see them getting audited and looking into regulation."
ITM Financial, which provides forex signals and binary options signals to traders around the world, is a financial startup out of Boston, Massachusetts. Their popularity has grown with their results, and they know reach thousands of traders a day with their news feeds, apps, and Internet messaging systems.
"We have had solid growth in the forex market, but the binary market is a very new niche with explosive interest from around the world," added CTO, Ali Khan. "Binary options give traders a chance to hedge a position very quickly, even trade it over the 1 minute, 5 minute, or 15 minute time frame. It allows a trader to react almost instantly to news that could affect a currency or commodity position," added Khan.
For more information, please visit Binary International at http://www.binaryinternational.com/.
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