There is big news in the binary options market right now. TopOption has been acquired by Lead Trade. TopOption used to belong to Playtech, a big Internet gaming hub. However, they sold it to Lead Trade.
Playtech is getting out of the binary options market, and they are going to put their focus elsewhere. Leadtrade Ltd. Is an Israel-based company. It is CySEC licensed, and it is already operating a couple of additional binary options broker. So, this isn’t something totally new for them.
No one is quite sure exactly when the transition occurred, but it was announced to TopOption users on the company website on August 7th of this year. You can take a look at the screenshot below. Read the message for yourself.
“We wish to inform you that as of 7th August 2016 your trading account has been migrated to Leadtrade Ltd (“LTL”). Please note that your account will not be activated unless you accept all the Policies and Terms and Conditions of Leadtrade Ltd.”
This was connected to a move by Playtech to restructure its financial department, which is something they have been working on since earlier last year. Playtech acquired their financial division from Teddy Sagi last year for $225 million. Since they acquired it, they have been undergoing a huge restructuring, and the binary options division was included in that. You can see the full First Half 2016 Playtech report by clicking on this link.
The change actually didn’t have any negative impact on the performance of the broker. It has continued to report a positive overall result, and it has retained a reputation as a respected, secure, and trusted service.
Learn more about Leadtrade Ltd.
Leadtrade was set up in 2015, and it is officially licensed by CySEC as an investment firm in Cyprus. It offers financial brokerage services for several financial instruments. There is also regulation by other European institutions, include BAFIN in Germany, FCA in the UK, and many others. The company has been managing four other binary option brokers. It has proven itself to be a serious service provider in the financial market. We know that our readers will have a successful trading experience with TopOption. Nothing has changed. Its reputation and results are still just as solid. Since the new company has been managing four other binary options brokers, it knows exactly what it’s doing.