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A single regulator cannot govern the global Forex and Binary Options industries, however, the increased popularity of online trading has led to the creation of a number of localised regulatory bodies. These localised regulators primary objectives is to protect online traders from within their regulated borders by providing a local watchdog that will oversee best practises by brokers. The advances and accessibility of technology in recent years has meant that there are many brokers for recreational traders to choose from.
Many offer user-friendly trading platforms and numerous other tempting benefits. So, can a trader use any one of these brokers to trade with? The short answer is no. There are still some restrictions from countries such as the USA, who have imposed strict regulatory requirements for brokers to accept US-based traders.
Our recommended brokers are regulated or tested and approved for each territory listed below. You will then be presented with a number of brokers that are tested and approved for you. The rest is as easy as three simple steps: Choose a Broker, Sign up, and Trade. In some cases, this has meant hefty penalties and fines. These restrictions have led to two distinct groups of Binary Options brokers that accept US traders. The first are offshore brokers that tend not to be regulated.
The second group are regulated by one of the US regulatory bodies. The majority of these brokers will provide a faultless trading experience for you, but the only way to be sure of this is to research a broker before trading with them. If you are still looking for binary options brokers have a look at the top 10 update list from here. UK traders have the best of both worlds. These are by far the most predominant licenses held by online Binary Options brokers, therefore it is highly likely that UK traders will be able to choose a broker regulated within Europe.
UK traders have the freedom to trade with almost any brokers, therefore both offshore brokers and regulated brokers can seem appealing. We always recommend traders research the best brokers available before investing in them. We present these to you here.
Binary Options trading is incredibly popular with Australian traders, and it seems to be growing in popularity with each month. Binary Options trading is not banned or illegal within Australia, and brokers based in or outside of Australia can offer their services to Australian traders. The increasing popularity of this form of online trading has however led to the Australian Securities and Investments Commission ASIC offering supervisory services to this sector.
There are a number of brokers that offer a fantastic service to Australian traders. Some are offshore and some have the ASIC licencing and approval. We have tested, reviewed and presented the best brokers here for your convenience. All of these accept Australian traders, and some even offer AUD trading accounts, worth considering due to fluctuations in the exchange rate when funding your account in other currencies.
Online trading is allowed in Canada. They now offer online trading companies a harmonised approach to Canadian regulation. We have tested and approved a number of regulated and unregulated brokers suitable for Canadian traders. Our selected brokers offer suitable banking options, support and other services that you will appreciate as part of your trading experience.
Simply click through, read our reviews, select the best broker for you and begin trading today. European traders are some of the most fortunate when it comes to the world of online trading and Binary Options. CySEC is the predominant regulatory body for Binary Options, therefore European traders have a multitude of regulated choices here.
European traders also have no restrictions on trading with offshore brokers. As always, we recommend that you research all brokers before trading with them. As researching, testing and reviewing brokers is our speciality, we have done the hard work for you. Simply click through for a selection of Binary Options brokers that are highly recommended for you.
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