IQ Option: Top Binary Options Broker

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France recently banned binary options advertisement, and Belgium completely banned retail online trading in forex and binary. There are rumors that the Netherlands will also create restrictions on that matter. Traders are asking what is next.

Will binary trading be completely forbidden? Since CySEC started regulating binary firms inthe industry is still pushing its way out of a grey area.

There are many brokers operating unregulated, and we can say that the situation is pretty much like the online forex trading during its infancy period. Obviously, it took some years for the forex industry to be fully regulated, and we can expect same thing to happen with the binary business.

Forex brokers with FCA licenses might offer a binary product to their customers, which could be a sign that a major change is coming. The problem with binary options is not the trading instrument itself but the way some companies use it to solicit customers. The product is frequently presented as an easy way of making money from home, and when some people fall, there are others to offer it. These companies could be very aggressive in their sales approaches, asking for high deposits with luxury promises for big wins.

Attaching a welcome bonus to the deposit is a common trick, after which the client cannot make a withdrawal until the bonus requirements are fulfilled. Many were scammed after they trusted their money to an account manager who works for the brokerage firm. We are wondering what kind of people believe that someone working at the brokerage will make them profits. Our guess is that they are not experienced retail traders; most probably, these are random guys looking for easy money.

As we mentioned, even CySEC regulation is not a guarantee for a fair broker. The Cypriot regulator has fined some of the big players, like 24option and Banc de Binary, but there are hundreds of other brokers operating in the EU, and CySEC is obviously not capable of providing adequate supervision to all.

These best regulated binary options brokers cysec fca are probably updated on a monthly basis, however, we are not sure about that. In our opinion, they are not effective enough. When these watchdogs receive some number of complaints about a particular broker, they put that broker on the blacklist.

However, new brokers pop up best regulated binary options brokers cysec fca day, so if a trader checks the list for a company named RichieRichBinary. That is the reason why FSMA in Belgium completely banned online binary trading; the watchdog failed to chase scam brokers and has announced the strictest measures.

Instead of creating a blacklist with hundreds of brokers, regulators should probably find a way to regulate binary options. First, CySEC best regulated binary options brokers cysec fca asked brokers to display ask and bid price, as well as how strike price is calculated.

CySEC has banned welcome bonuses, and the bad practice of refusing withdrawals because of bonus requirements will be eliminated. The next expected step is the Cypriot regulator approving same-day withdrawal option for all brokers. The situation in Australia is similar, best regulated binary options brokers cysec fca in mind best regulated binary options brokers cysec fca two ASIC regulated firms already included binary trading as an additional product.

In the United States, binary options are regulated only in a form of exchange trading. It is a different story that many traders prefer the European brokers, and they are looking for unregulated firms. Our advice is, before you start looking for a broker, you better be sure that you have an idea what binary trading is about. Of course, regulation is good for traders; at least deposits are protected and segregated. The main regulator, CySEC, showed some steps in the right direction: Now, we have to wait and see what steps FCA will take.

Will the UK Conduct Authority also regulate binary brokers? The article is written for informative purposes only and best regulated binary options brokers cysec fca is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position.

He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. Skip to main content.

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We will help you find the right broker for you. The fairly young online binary options industry growing in leaps and bounds has already had its share of booms and bursts amongst brokers. To stem the tide and usher in much needed sanity to the binary brokers industry, several regulatory bodies are currently stepping up.

UK law empowers the FCA to establish rigid standards for financial products offered by binary options brokers, and more importantly, actively monitor these financial products. The FCA has the legal backing to launch inquiries at will against brokers suspected of foul play and even ban their operations in the UK if they are found wanting.

They have made a name for themselves by an enthralling trading platform and excellent customer service—two core elements of leading binary brokers that has gotten them multiple awards.

As one of the leading brokers in the industry, Banc de Binary is in the habit of picking many licenses with various regulatory authorities to cement their place as a trustworthy broker worthy of your capital. Couple of months later, they got their license from the Financial Conduct Authority—their license number is Beyond satisfying the stringent requirements necessary to acquire these licenses, Banc de Binary offers compelling Binary Options offerings. These perks include trading alerts and event analysis, bonus protected trades from an account manager, and even a smart money management plan to better protect your capital, amongst others.

How much money do you make exactly if your trade ends in the money? Free video courses are available and they have a library of written articles on all aspects of trading and analysis. Customer support agents are not just always available round the clock: More importantly, Banc de Binary reps listen attentively to your complaint and in return give timely responses that are accurate and helpful. With such terrific customer service, you would be able to concentrate on your trading with the knowledge that should you run into any quirks, a prompt, knowledgeable response is only a chat or call away.

AnyOption is another top gun that has managed to stay afloat and actually maintain her relevance and reputation in the heavily crowded broker industry. From all indications, the license grabbing is bound to continue. You can keep up with real-time price data thanks to an arrangement with Reuters to provide real-time market price feed. This feed is available in multiple languages. Talking about multiple languages, AnyOption has a diverse team of custom care reps that communicate fluently in up to 7 languages.

Compared with the other two brokers on this list, OptionWeb is a new kid on the block. However, they have gone on to establish quite a name for themselves.

It offers its four types of options on a SpotOption Gen 2 Platform. Over assets are available and you could make deposits and withdrawals with multiple channels including several e-wallets. These perks are available on the higher account levels. These account levels are: These account types include: Binary Options Robot Scam Review. Binary Options Trading UK. Best Binary Options Brokers.