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Swiss binary brokers are reliable due to the fact that they are controlled by the national institutes, which are in charge for the Swiss financial market regulation.
This is the governing organization that has influence on all of the Swiss binary options brokers and it is also popular with the shortest name of FINMA. This agency is a government institute. FINMA is mainly responsible for the financial regulation.
It serves a decent program with strict supervision for stock exchanges, securities dealer, financial intermediaries, banks and insurance companies. On the other side, Swiss Financial Market Supervisory Authority has also the right to provide and suspend official licenses and permissions operating on the binary options market. FINMA often solving conflicts, charging penalties, giving administrative assistance to the brokers, dealing with more serious problems and etc are also elements of the job that FINMA executes.
Swiss PolyReg is an additional self-regulatory Organisation among Swiss-based binary options market. Even though private and detached by the official regulation body, Swiss PolyReg is officially recognized by the FINMA and the main national regulator allows the self-regulatory agency to perform several important and additional supervision functions. Both work in a collaboration. But, Swiss Financial Market Supervisory Authority has more options and rights to interfere the activity made by Swiss binary options websites.
Even though Switzerland is not a part of European Union, many Swiss binary brokers appear to be regulated by EU, excessively.