Trading binary options in the UK has become increasingly popular over the last five years or so. While the risks of this type of trade are high, so are the rewards. But many countries consider these types of financial transaction as dubious, and the regulations governing them can differ from country to country. While you should ask the advice of an options trading UK broker, it’s also a good idea to know a little about the regulations yourself.
The List of UK Regulated Binary Options Brokers
There has been a sudden surge in the number of brokers and brokerage firms operating within the UK in recent years. While there is currently no legal requirement to be registered with a regulatory body, membership of the FCA demonstrates a level of competence, trustworthiness and professionalism. We’ve found several FCA regulated binary options brokers, so you can easily choose the one that suits you best among the reputable brokerages.
IQ Option – the official partner of Aston Martin Racing
IQ Option is the licensed broker, who set the new standards in the whole trading industry. Their WebGL-based beautiful and fast trading platform has a huge potential, and they develop more and more trading instruments, including classic and digital options. IQ Option is a partner of Aston Martin Racing team and they’ve won in 24 Hours of Le Mans in 2017.Visit Website
Fortrade – UK based brokerage
ForTrade provides it’s clients with clean website and trading platforms for both PC and Mobile devises. The broker is regulated by FCA and all online transactions are carried out in compliance with Payment Card Industry Data Security Standard (PCI DSS). The broker is based in London, Chelsea, London, 81 Fulham Rd. The minimum deposit for new clients is 100 pound only.Visit Website
24 Option – CySEC regulated Binary and CFD broker
For binary options trading 24 Option is the one of the first platform among all. It deserves the good reputation lot’s of traders prefer this brokerage. After opening account, clients can choose to trade short term options, high/low options, one touch options, or boundary options and even forex CFD.Visit Website
CTOption is the FCA authorised broker, who provides the outstanding Replicator feature. The clients allowed to copy the trades of experts and other more experienced traders.
CTOptions provides it’s clients with Panda Trading Platform, where you can trade High/Low, One Touch, Hyper and Range options.Visit Website
Who is Responsible for Regulating Binary Options Trades in the UK
Most trades in, from or to the UK fall under the auspices of the Financial Conduct Authority (FCA). However, when trades cross borders, external bodies can get involved, such as the Cyprus Securities and Exchange Commission (CySEC) and
the USA Commodity Futures Trading Commission (CFTC). The FCA regulates the industry, and will investigate complaints of improper conduct as and when they’re made. This national regulator is also the main body with which most UK regulated binary options brokers are registered.
What Are the Different Types of Binary Options Broker in the UK?
There are two main categories of binary options broker in the UK: those registered in the UK and those registered with offshore organisations. While there’s nothing wrong with using an options broker from outside the United Kingdom, you may not have the protection afforded by affiliation to the Financial Conduct Authority.
Before you hire the services of a broker, it’s a good idea to research their background and history of delivering results. You can ascertain an individual’s or company’s credentials by checking their listing on
the Financial Conduct Authority website.
As well as checking for membership of the FCA, you can assess a broker’s suitability by looking at
customer reviews. You can also read the Terms and Conditions and FAQ sections of their website, which should give you an idea of how they operate. It’s also a good idea to check what types of financial instruments are being offered. If offers and bonuses are being offered, you might stand to maximise your returns.
If possible, check how much the broker, on average, pays out to clients. Someone with a proven track record of delivering high returns might be in a position to maximise the efficacy of your own trades. Brokers often offer different types of trading accounts, based on issues such as risk aversion, the amount being invested and long-term goals.
The UK is home to one of the most successful
binary options trading markets in the world. Find the right broker, and you can maximise your chances of financial success.