The Cyprus Securities and Exchange Commission (CySEC) has suspended the authorization of the binary options broker OptionRally.
A few months ago, OptionRally lost its Belize license, now the CySEC has suspended his EU license. The Cyprus regulator mentioned three reasons: protection of clients funds, own funds and capital adequacy ratio.
OptionRally now has one week to take action to correct all wrongdoing. In the meantime it cannot operate normally.