Friday, August 2nd, 2013 by Michael Freeman
Binary Options is the fastest growing industry in the online trading niche. More traders are turning to this new form of OTC investment platforms due to the simplicity, predetermined risk and great returns over short-term traders ranging between 60 seconds and up to 24 hours, allowing traders the flexibility of trading various assets on various time frames. In this blog post you can find a complete review on the regulatory organizations overseeing binary options in various continents and countries around the world.
Why are Binary Options Regulations so important?
Signing up with regulated broker is very important to avoid any possibilities of registering with a Black-Listed company, Binary Options Scam or an unprofessional service. Traders who reside in countries where Binary Options is not yet regulated or legal should not compromise this issue and locate a company with regulations in a foreign country, EU regulated brokers are the safest.
Binary Options Regulations In Europe
EU Regulated Brokers are the safest choice! Binary Options in Germany, UK, Russia, France and most countries in Europe is %100 legal and regulated by the the following authorities – CySEC, MiFID and FSA (other authorities regulating the industry include the CNB, MFSA, FSA, NBS, AMF, CONSOB, Finansinspektionen, Finanstilsynet and Banque De France.) Traders residing in Europe, excluding Italy, may trade on all platforms with no restrictions.
Binary Options Regulations In Asia
In Asia there are no regulatory organizations overseeing binary options as most brokers operate from Europe. However, Binary Options is %100 legal in China, Japan, Singapore, Philippines, India and Indonesia. Traders residing in Asia should register with an EU regulated Broker to ensure the quality of service and overall reliability.
Binary Options Regulations In Australia
First of all, there is no such a thing as “AU Regulated Brokers” “Australian Regulated Brokers” or any other similar definition. There is no government organization to oversee Binary Options in Australia and the surrounding Islands. Binary Options Portals are often using these terms deliberately for marketing purposes. If you plan to trade from Australia you won’t have any legal issues as there is not law against online trading. To be safe, make sure to register with an EU Regulation company, TopOption and Anyoption are examples of Fully EU Regulated Brokers.
Binary Options Regulations In The USA
Binary Options is not regulated in the United States. For a broker to be regulated in the US, they must keep all client’s funds in a segregated US Bank Account in the United States. The industry is mainly located in Europe and non of the brokers are able to meet the CFTC requirement. If you are trading from the United States you should know that not all brokers offer access. Anyoption, 24Option and TopOption are examples of companies with No Access for US Residents. On the other hand, OptiMarkets, GOptions and XPMarkets are examples of Brokers with Full Access for US Residents.
Binary Options Regulations In Canada
The OSC (Ontario Securities Commission) regulates OTC financial instruments in Canada. There are currently no brokers regulated by the OSC but most brokers are still available in Canada. RB Options had made claims of association with the OSC which is clearly not the case. Top Option is not available in Canada.
The downside… Top Option is not available in the USA and Canada.
Top Option is now regulated by the following organizations – FSA, CySec, MFSA, CNB, NBS, BAFin, AMF, CONSOB, Finansinspektionen and Finanstilsynet and Banque De France!