With binary options trading, traders around the world have option to be present on financial markets as earn money, regardless of their previous trading knowledge.
Back in late 2088, binary industry appeared on global financial markets and quickly gathered rising interest among people worldwide, including those residing in the United Kingdom.
Popularity of Binary Options in UK
As mentioned above, binary options trading is widespread between many traders in UK who find this online investment to be an excellent way to trade with different assets and increase trading portfolio.
This guide about trading binary options in UK will reveal more valuable information about available binary brokers in UK as well as what features and services are recommended to UK traders to perform their trades with a success.
Our main goal on BinaryPreview is to provide traders in UK objective and useful information about trading binary options in UK where traders can find all relevant information all at one place, from which broker to choose, regulation status and so much more in the trading process.
Available Binary Brokers in UK
UK is one of the biggest EU markets with interest for binary options industry. A lot of binary brokers have their HQ in the UK and offer trading platforms to interested traders. This part of ut guide will offer traders a list of reputable binary options brokers who operate on financial market in UK.
- Banc de Binary
- IQ Option
- PrestigeOption etc
All these brokers operate on UK market and are regulated by different regulatory authorities which implies how they are serious and definitely not a scam.
In trading binary options in UK it is important to choose the right broker in order to begin trading journey with a success. The goal is to have a profitable binary trading experience and avoid scam brokers alongside.
There are different signs and elements which can reveal if a broker is safe and reliable. Further in our guide, we will inform our readers about the importance of regulation status and what does it take for trader beginner in UK to become more skilled to continue investing in binary options and make money from this online trading option.
Binary Options Legal Status in UK
With the appearance of binary options in UK, traders can be concerned regarding safety and overall, is trading binary options in UK legal. Traders in UK should know how binary options are completely legal in UK and therefore, traders are able to register with a broker and begin their binary trading journey in order to make a profit in this industry.
So far, there are no regulatory bodies which limit traders from trading with any brokers, meaning how traders in UK are able to deposit with UK brokers or any other offshore binary options brokers. Also, UK laws are very similar to the laws of EU regarding binary options and other financial betting.
Binary Options Regulation and Licensing in UK
Regulation is considered as one of the main elements by which can UK traders as well as traders worldwide know are they trading with a safe and reliable binary broker. Purpose of regulatory bodies is to monitor behaviour of binary brokers and see if they are trustworthy and do they offer secure trading platforms for investing in binaries.
Traders who trade with regulated binary brokers can be assured how their funds are kept in segregated accounts which prevents any scam activity which might appear.
Initially in UK there was FSA body (Financial Services Authority) which was later on transferred to the Financial Conduct Authority (FCA). This regulatory body is in charge of creating and developing new guidelines which binary brokers who operate on UK market need to follow.
Due to similarity between EU and UK laws and regulation in terms of binary options trading, our readers should know how laws are strict and very transparent which means how non-regulated brokers are mostly seen through careful eyes.
Best Advices for Trading Binary Options in UK
In this segment of our trading binary options in UK guide, we will provide more detailed information about how to trade binaries in order to have a successful trade and constantly make money from binary options.
Without a doubt, the most important element is to find a trusted binary broker who will ensure traders a safe platform with a variety of trading features and instruments for profitable binary trading journey. With a reputable broker, trading voyage can go smoothly and traders in UK don’t need to worry will their funds be safe or not.
The second advice we can give our traders is to select a broker with a demo account, especially if traders are inexperienced. Practicing on demo has many benefits and the biggest one is the fact it allows traders to practice trading in risk free environment. For example, with IQ Option, traders are welcomed with $10 000 of virtual funds to test the platform on demo account.
The third best tips is to never quit learning and expanding trading knowledge. With time, binary industry expanded itself by providing more education materials than in its beginnings in 2008. These edu materials can be very helpful and assist traders in UK to achieve high returns when investing in binary options.
Education Center differs from broker to broker and may include following: FAQ, market news, ebook, videos, webinars, guides, best trading tips and many more. This can provide traders to achieve maximum trading chances into making their trades more profitable.