Binary options broker OptionRally is introducing significant changes as 120 of its employees will be laid off.
One of the significant binary options, headquartered in Cyprus, OptionRally, has removed round-the-clock phone support. The customer service numbers were not dialed from the European Union.
The company significantly reduced the number of its employees when CySEC issued a series of orders aimed at creating some kind of new business model for companies that would be more engaged in direct sales. Like many organizations working in the field of binary options, OptionRally is one of the brokers that operate on such a business model.
Sources familiar with the situation in this area claim that the company is fully automating the entire system of operations, and significantly reducing the company’s staff in order to comply with the latest requirements of the Cypriot regulatory authorities.
In response to the request, binary options brokers made the following statement:
“OptionRally continues to provide a full range of binary options trading services. In order to continue to be able to provide high-quality services, it is necessary to carry out some reorganization from time to time. OptionRally clients will continue to enjoy binary options services, and we will continue to provide high-quality services to our clients.”
The company takes part in one of the most significant sponsorship events in this industry, and the company’s logo will appear on Ferrari racing cars in Formula 1.
The news comes just after one of the main providers in the field of binary options, TRADOLOGIC, announced its possible partnership with the company providing automatic services “Know Your Customer”. This impulse is aimed at optimizing the procedures for attracting reliable customers for the technical service provider. This event confirms the fact that the binary options industry is developing into a model that will be based on automation.
Tagged with: News of binary options brokers • OptionRally
