We have recently tried to illustrate the importance of regulation in a recent post;
In the interests of transparency, this is the commercial website I am employed by and we operate as affiliates so... **vested interest alert**!! but I think our article still adds value to the discussion.
http://www.binaryoptions.co.uk/regulated-binary-options
Hopefully the industry will continue to make regulation a big priority as a great deal of harm has already been done to the binary options sector - but it has begun to get cleaned up.
Cysec as compared to UK FCA no comparison
If Alpari was in Cyprus what chance people have of getting any money back
Atleast in UK there is the 50K cover
SO unless Binary options broker start getting in to more stringent jurisdictions they won;t have credibility