Choose Regulated Binary Options Brokers
October 22, 2015
Binary Options trading hasn’t been around for a long time, but even so, there are many binary options trading brokers who have jumped onto the bandwagon in an attempt to get traders to sign up with them. Some of them are regulated binary options brokers with a proven track record, but as in all areas of life, there are those dodgey brokers whose main interest is to take the trader’s money while offering very little help with advising them on how to make money in the binary options trading market. Its not to say that an unregulated broker is by definition shady. Many unregulated binary option brokers meet the criteria to be an ethical broker but their license is pending.
The CySEC is a regulatory authority of binary option contracts, and in May 2012, the Cypriot Safety and Financial Exchange Commission, opted to include binary options that adhere to the regulatory legislation following approval by the European Commission. The organization alerted all binary option brokers to get licensed and other regulatory authorities have also followed in this direction to regulate these online brokers.
Listed and regulated Binary Options brokers are honest and reliable, some of which are –
■ Boss Capital – run by a team of experienced industry veterans. The company is well funded and operates as an offshore broker. They accept traders from all regions except Japan. They help traders make great decisions, offering a multitude of educational and 24/7 support options. They use the TechFinancials platform, a leading binary options software platform – no downloads or installation is required. Their professional charts feature allows you to conduct a technical analysis using various types of charts and analytical tools.
■ Magnum Options – offers exclusive benefits such as free accounts and a 10% return on unsuccessful trades. They offer an extensive selection of tradeable assets including stocks, currencies, commodities and indices. Their Educational Academy caters for all levels of trading from beginners to advanced investors. This is one of the best regulated binary options brokers.
■ CToption – they offer a product with lots of support and education.Trading features include High/Low, Touch, Range and a selection of short term options. Payment services are authorized and regulated under the Financial Conduct Authority (FCA). They also offer a free 48 hour demo account.
Regulated Binary Options Brokers Conform to Strict Criteria
You have to do research on whose legit and who isn’t just to save yourself losing lots of money. Some of the best US broker reviews for instance come from Binary Options USA and Tradorax.
t is good to know however, that there are websites that provide lists of trusted and regulated binary options brokers like the two mentioned above. These regulated brokers meet strict criteria such as offering multiple payment options and also letting you trade any volume of binary options. Sites which offer a diverse range of purchasing limits can be looked upon as those offering the best levels of service.
Each country has its own financial regulator whose job it is to come up with regulated binary options brokers, stock brokers and commodity exchanges. Since 2008 binary option brokers have pretty much acted without regulation, but in 2015 all regulated brokers have obtained a license and they follow a strict charter imposed by the regulator, and that is good news for every would-be trader.
All info was correct at time of publishing