TopOption was recently sold to Leadtade, but it is still just as good. It has kept its solid reputation, trusted service, and secure site platform. This is a big deal in the binary options market. Playtech was the previous owner of TopOption. Playtech is a big online gaming company.

Playtech had decided to get out of the binary options market and focus elsewhere. Leadtrade Ltd. Is based in Israel, and it is CySEC licensed. It operates additional binary options brokers.

No one is really sure when this actually happened, but TopOption users were alerted to it on the site through a message. You can view the screenshot for yourself. Or, just read the message they saw below. The message was received on August 7th, 2016. Read it for yourself below.

“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 decision was part of a bigger move to reorganize its financial department earlier in 2015.  Playtech acquired a whole new financial division from Teddy Sagi in 2015 for an astonishing $225 million. Since it was acquired, the company has undergone a huge restructuring, and the binary options division was part of that.

When it was reporting its financial results for the first half of 2016, Playtech reported a good result overall, but there was a tiny reduction in the financial division. The online gaming giant said that it was just a natural effect of the restructuring. You can see the entire First Half 2016 Playtech report by just clicking here.

The change didn’t have a bad effect on the performance of the broker. TopOption has continued to report a good result, and it has maintained its stellar reputation.

More Information About Leadtrade Ltd.

Leadtrade was founded in 2015, and it is officially licensed as a Cyprus Investment Firm by CySEC. It offers financial brokerage services for many different financial instruments. Many European institutions regulate it as well, include FCA in the UK, BAFIN in Germany, and others. The company was already operating four other binary options brokers prior to it taking over this one year. It has shown itself to be an excellent company in the financial market. We suggest our readers continue trading on TopOption.