In an interesting move earlier today, the Cypriot authorities and the EU-IMF agreed to impose a one-off bank tax on deposits in Cyprus as part of a wider economic rescue program. This €10 billion emergency deal puts a 9.9% tax rate on deposits of more than €100,000 and then targeting others who deposit less at the rate of 6.75% in an effort to pay off the bailout tab.
As of right now we have only received an official statement from Banc De Binary regarding how this matter will be handled for their current and potential clients which can be seen below.
Banc De Binary assures its clients that it will absorb any costs caused by the one-off bank deposit tax in Cyprus, and that all our client accounts and balances will be unaffected by the decision.
Your deposits are in safe hands, and we take this opportunity to thank our clients for their continued trust in our services and reputation.
Deposits in accounts outside Cyprus are not affected in any way.
Please do not hesitate to contact Customer Support if you have any questions or need additional information.
Banc De Binary Management
Banc De Binary (www.bbinary.com)
It is still unclear whether or not the other binary options firms in Cyprus will follow the same route Mr. Laurent has taken and absorb the costs for their clients as it is quite large. If you are interested in reading a little more about the situation the New York Times has a great article you should check out here.
As of today, Markets World has now finished updating its platform to include a brand new clear, large format charting solution. Just as with the old style you can still add multiple assets except from the top now, however you can only have stacks on top of each other, not side by side any longer.
In this new change they have included charting for 5 minutes, 30 minutes, 1 hour and “All” which can be scrolled back through if needed. Here is a screenshot of the new charting as of today.
Click here to visit Markets World and see the new updates.
Today as many of you may have noticed, 24Option has now implemented 2 minute and 5 minute trades under their new section “Short Term” on their platform.
Currently on both the 2 minute and 5 minute trading times they are offering the following currencies:
Just like the 60 second trades, these new options are also at a fixed return of 70% where they will likely stay. This is a great move by 24Option as new and old traders alike will enjoy the shorter time frames and will find new strategies and techniques for increased profitability.
Let’s start with the obvious one of course. You should record your trading sessions so when you do turn that $50 into a million you can post that baby up on YouTube and become world famous!
Alright, maybe that is a little far fetched. Really though, why should you consider starting to record all of your trading sessions? Well, there’s a few reasons and the first reason is evidence. Although you may not think much of it now, often times glitches, spreads, wrong expiries, lagged entries come into play when we are trading. Luckily for us, some of the brokers after seeing the video evidence will fix the issue and/or refund your money on a trade plus the profit you should have earned. As you can see, this can be a fantastic tool if you had placed a large sum of money and an issue like one stated above happens.
Next up, a great reason to record your trades is for review purposes. Personally, I can’t count the number of times I wish I could have gone back and reviewed a trade that I took that won or lost for one reason or another. Or check out what happened if I actually hit the wrong button, typed in the wrong amount, forgot to switch assets, etc. The possibilities of its uses are seemingly endless, and I think you will find that having something to go back and review, especially something that happened live can be extremely beneficial.
Finally, let’s discuss a few places you can go to get the software. One of the nice free places I’ve found is called Screenr. It can be found at http://www.screenr.com. It’s a nice recorder and best of all it’s java based, so you shouldn’t have any software to download. The other piece of software you may want to check out is called Camstudio, which can be found at http://www.camstudio.org and is a downloadable software and also free.
Lastly we have the two big boys. Camtasia, which is what I have been using as its quality seems unbeatable compared to all I that have seen and Screenflow for OSX (Mac). However these come at a hefty price tag of $299 per license for Camtasia and $99 for Screenflow. If you are interested in either one of these, you can buy it at http://www.camtasia.com and http://www.telestream.net/screenflow/overview.htm.
So, If I were you I would certainly give the free ones a try and let everyone know of your experiences with them in the comments below.
Well it’s official, Banc De Binary has now become the first CySEC regulated binary options brokerage company! They are now regulated under the Cyprus Securities and Exchange Commission (CySEC).
The CySEC licence number for Banc De Binary Ltd is 188/13. Here is the link showing them on the CySEC website http://www.cysec.gov.cy/licence_members_1_en.aspx
A press conference will be held at the Hilton Hotel in Nicosia, Cyprus on the 31st. I am planning to attend so I will take some pictures and let everyone know how it goes!
Here is the official licence paperwork.