The CySec has issued a warning about the binary options broker CallAndPut. And it is not the only reason to not to trade with them.
The Cyprus Securities & Exchange Commission issued their warning probably because CallAndPut.com were offering their services to clients on Cyprus. However this broker is not registered nor licensed on Cyprus.
But let us take this opportunity to explain that in such cases you don’t even need a warning from a regulatory body to know that you should stay away from a binary options broker.
When you are evaluating brokers, you should first look for regulatory information. If a broker is not clearly providing licensing information, it is a first warning.
Then look at contact information. You want to see a complete address, phone number and e-mail addresses or a contact form. CallAndPut does provide only a phone number and an e-mail address, which is not enough.
They do not say where are they from, which is another warning sign. The phone prefix +44 suggest that their offices are in the UK, but if they operate as a binary options broker in the UK, they have to be regulated by the FSA, which they clearly aren’t.
All in all it is not worth even trying to trade with CallAndPut.com