Are Binary Options Legal in the UK?
Binary Options in the UK
Binary options trading originated in England, were most binary brokers were first established. Although most brokers moved their offices elsewhere, this was due to tax benefits or regulation opportunities, and not because of any legal limitations.
British citizens are allowed to invest with binary options, this being a perfectly legal and regulated activity. Whether with foreign or local companies, there are no restrictions imposed on individuals wanting to use this financial derivative.
Best UK Binary Brokers
For the UK market, the leading binary options brokers are TopOption, OptionBit and OptionWeb. We break them down for you.
TopOption is the largest and most experienced broker worldwide, fully regulated by the FCA in the UK and by CySEC throughout Europe. It offers excellent online courses, tutorials, a large 100% bonus and a signals service. If you are looking for a serious and professional broker to guide you to profits, look no further:
OptionBit is an excellent company, known for its innovative trading tools and specifically for Algobit, a free trading signals tool. This software which automatically works from within the site (no downloads needed) identifies the best trades in real time and helps you increase your profits while learning trading strategies. If you are new to binary options OptionBit is perfect for you:
OptionWeb is the leading Fench broker, and also one of the preferred destinations of British traders. This broker also offers a free signals service, as well as a large welcome bonus and endless tutorials to help you earn money quickly with a regulated and legal financial corporation:
Remember, choosing a reliable binary broker will improve you chances of creating profit as a trader. Brokers who have good learning tools available for free are key. Another benefit is having a practice demo account to work with before investing. These brokers mention above will provide one for you as soon as you make your first deposit.
Start your trading career now. Remember to train and study, don’t jump into the trading platform too soon. Use the life chats to receive support from your account managers and enlist in online eCourses where available. After all, they’re free!
Are Binary Brokers Restricted?
Companies wishing to offer binary options in England can do so. Nonetheless, British law does not offer any direct regulatory process for these firms. In other words, as far as British statutes and the protection they give to local investors, your binary broker needs to be regulated by a financial authority recognized and trusted by the British FCA, (all above mentioned firms are). Otherwise, anyone choosing to deposit funds with binary brokers which are not properly licensed within Europe, from a legal standpoint, does it at his own risk.
In other words: binary options are legal in the UK, both to customers and brokers. That does not solve the risk involved in the lack of regulation facing certain sites and institutions. As a result, binary options traders in England are advised to choose their brokers carefully.