Trading Binary Options in the UK What you Need to Know

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

What you need to know when choosing a binary option broker

In the binary market, many potential investors and novice traders face the problem of choosing a trading partner. Often it is difficult to quickly and correctly assess the professional level of the brokerage company and the effectiveness of cooperation with it. In addition, in the market, there are more companies that want to deceive traders and lead them to a loss of finances. Against this background, we offer a list of practical recommendations that will make it possible to make a choice in the direction of the most effective trading platform.

So, in order not to get on a fraudulent resource and start trading on a professional and secure platform with the best technical and financial conditions, it is necessary to pay attention to certain parameters of the broker’s work.

Regulator license

This is the main parameter for the security of your investment vehicles. First, the regulator is the arbitrator for resolving trade disputes between the trader and the broker of binary options. Secondly, the regulator monitors the transparency of the platform and the financial calculations of the broker. The availability of a marketing license at the broker completely excludes deception and allows traders to work in the mode of maximum financial security.

Efficiency of the terminal for trading

To effectively deal with options trading, any trader needs professional service. The problem is that most brokers still use obsolete and technically restricted trading terminals. Yes, at the dawn of the appearance of options, their functionality satisfied investors, but today with such terminals you will not earn much. Therefore, we choose a broker with a professional platform, preferably own development. Such services often have the most cool tools for market analysis and trading operations. For example, most of them offer their partners a terminal, which was developed by their own specialists. On a high-quality trading platform, traders can access these technical services and trading conditions:

– a set of technical indicators;

– graphical analysis services;

– a schedule with the widest and most functional list of settings;

– options in the mode of turbo and classic contracts;

– 80 financial assets of different directions of the financial market;

– non-stop trading mode;

– profitability of trade contracts to 87%;

– a wide range of analytical and ancillary services;

– Demo mode for using the terminal.

Using the services of such platforms, traders can work on any technical strategy and get the maximum possible amounts of profit from trading options.

Trading start conditions on the market

Safe platforms and professional brokers will not require large starting deposits from customers, because they are interested not in the investor’s capital, but in the trader’s turnover from which they receive their income. In addition, a quality broker will offer an optimal balance between the level of the initial capital and the starting value of the option, which will allow to correctly manage risks and capital. For example, most brokers set the level of initial capital at the level of 10 USD, and the starting cost of options is 1 USD. These indicators allow you to effectively and with relatively minimal risks start trading in the options market.

Reputation of the company in the environment of traders

Scammers are often successfully camouflaged for professional platforms, but their activities can not be hidden from a huge army of traders who share their opinions on special forums and sites. When choosing a broker, pay attention to customer testimonials. So you can determine the list of possible problems in the work of the company and be able to create an impression on the basis of the opinions of traders about the future trading partner.

Approaching the choice of the trading platform responsibly, you can become a professional trader in the binary market and achieve good results as quickly as possible!

“General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds.”

It’s ironic how binary options, originally an American invention, are more available in Europe including the United Kingdom than in the USA. In the recent years binary options trading has become extremely popular all over the UK. People that have great insight into the world of economics find it very interesting to wager on simple “yes or no” predictions and make money out of it. But, even those occasional traders feel excited when they get into the exciting world of binary options.

However, there is a concern among people in the UK interested in binary options. Binary options is essentially financial betting which makes people think that it’s not legal. It’s a legitimate concern and we want to make it clear with this article. Binary options in the UK are actually legal and well regulated.

This means that traders won’t be prosecuted for trading financial instruments online with brokers that offer legitimate financial binary options trading services. In fact there are many legit UK binary options brokers that operate in the UK under a license that is issued by the governing bodies set up specifically to regulate this.

List Of Binary Option Brokers accepting UK traders:

100% Legal & Licensed Verified Bonus Mobile Friendly

The UK is considered one of the first countries in Europe to legalize financial betting thanks to being one of the primary countries in forex trading. In order for financial service providers to accept UK traders they need to have a UK binary options trading license, or a license issued in another EU country. However, that country needs to have a licensing system that is considered compatible to the one in UK. Basically, that means all EU countries are compatible.

Frequently Asked Questions

Here you can find everything you wanted to ask but didn’t know where and to whom. We have collected the most frequently asked questions by people from the UK interested in legal binary options. The answers to these questions will give you a clear picture of the legality concerning binary options.

How binary options work?

It’s really simple in essence. Just like in sports betting where you bet if a team will win or lose, here too you bet if an event will happen or not. For example, you are asked if you think that a particular price or asset will go up or down. You choose what you think will happen and you bet money on it.

Can UK citizens trade with the help of non-UK binary options brokers?

What are the governing bodies in the UK that oversee binary options trading?

Which binary options brokers should be avoided?

How can I find out if a UK binary options broker is authorized by the FCA?

What is the process for opening an account with a UK binary options broker?

Do UK binary options brokers offer bonuses for depositing?

What payment methods are offered?

How do brokers make money?

What to Remember When Getting Into Binary Options

When starting your career as a binary options trader you have to remember to study and train before jumping into the trading platform. Take maximum advantage of the resources offered by the brokers and the internet to master your skills. Make use of the demo/practice accounts brokers offer. Enlist in online courses. After all, all of this is free and up for grabs!

Furthermore, there are three important aspects to consider when selecting a broker:

Research

The web is rich with information. If you select a broker without properly informing yourself about his reputation and services, then you are a sucker that begs for your money to be taken from you. Read what others have to say and consider everything.

Read the Fine Print

Every broker has his own set of rules and conditions. We know that reading the fine print can be a tedious task, but it can save you all kinds of trouble. Spare several hours or the entire day to get to read the terms and conditions of the brokers you are considering.

Money

It’s important to find out which broker offers the best conditions in terms of money and fees. Some require fees upon withdrawal, while other prior to trading. Anyway, it’s best to find out how big the fees are and if they suit your pocket.

The Future of Binary Options

Now when binary options trading has become a well-regulated market and everyone is perceiving it a lot clearer, we can say that the future is bright. It’s expected that binary options will grow exponentially in the UK in the following years.

The advantage of the UK is its open-mindedness towards binary options as it is towards other forms of betting. It’s the main reason why it’s the leading country in the world in both things. Good regulations as those in the UK serve as an example for other countries.

This proactive stance has helped in making the UK binary options market a well-oiled machine. More and more interested consumers appear and plenty of legitimate operators are set up. The overall equation has all the important components for a good binary options future.

Petar Markoski Author

Petar is the finance guru, if you need a good investment this is the guy you go to! Working majority of his days in the finance sector as trader, he has gathered plenty of insight on binary options and the forex markets

What are Binary Options?

Binary Options are the type of options in which the payoff can take only two possible outcomes, either some fixed monetary income or nothing at all.

  • Loading stock data.

Binary Options are like all innovations – SIMPLE!

Binary Options – it is a financial instrument for trading, the most versatile and popular way to trade on the exchange of shares of the well-known companies such as Apple, Google, Microsoft, Nike, Coca-Cola, Vodafone … (the list is long), the stock market indexes such as Dow Jones, NYSE and NASDAQ …, commodities like oil, gold, and different currency pairs.

Binary Options Example:

It has been reported that Apple will start selling a new version of the iPhone and they expect to receive a clear profit of 1 billion dollars from it. What do you think, will the price of Apple share go up? Of Course! All we need to do now is find Apple (AAPL) shares in your Binary Options trading client and click CALL button , select the expiration (when you want this binary options to be closed), let’s say in 2 hours, enter the amount you are willing to spend on buying this option, for example £100 and click OK. So, after two hours, when the share price actually goes up even by one point, you would already get 76% profit (£176!), which means almost doubling your money. Better and easier than betting!

In order to start trading with Binary Options you need to open an account with a broker, who is the link between the stock exchange market and you, the trader. There are thousands of brokers.

Below you can see the table of the Best Binary Options brokers, where you can open an account and start earning money. All of the brokers have all necessary licenses to operate in the UK, have several security levels, comfortable trading platform as well as good customer support. We met all of the broker managers live on several conferences (iGB Affiliate, Forex Expo, RACE) and we can say that the Binary Options brokers who are listed on our website are the very best!

Best UK Binary Options Brokers:

Broker

Min. Deposit

Min. Bet

Review

Start Earning

Binary options are prohibited in EEA

What do Others Think about Binary Options in UK?

It is sometimes discouraging how people think about binary options, without even trying to trade with them. I was exploring this financial instrument for more than two months: read articles, listened to webinars and watched videos. People who support the idea that “Binary Options is a Scam” haven’t tried it. After half a year I earn about £500 monthly, so it is up to you to decide if it is a good method or not to earn money online.

Stephen – Student, Manchester

Binary Options is pretty simple, all you need to do is CALL or PUT, whether you think the price of some currency will go up or down. It is much easier than betting, as here it is only 50% chance of losing. Also, you earn much more!

Johnny – Professional Punter, Hull

Binary Options are really great. I’ve finished Business School in London and can only say that trading helped me to earn some good money whilst I was at University. All you need to do is follow latest economic news to be able to predict currency movement.

Isabelle – Financial Manager, London

Binary Options is a simple financial instrument to earn money, where the first deposit is as low as £10. The best UK brokers are brought to you by MrBinary – expert in Binary Options industry with 3 years of experience.

Binary Options makes you rich not only by earning money, but also by buying shares of Apple, Google and other big companies stocks. To be a PRO at Binary Options you don’t need to be a financial geek.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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