Are Binary Options Legal?

For people who are new in the world of online trading, the first question that strikes their head is whether Binary Options trading is legal or not. If you are one of such traders having this question in mind, then we would like to tell you that there is nothing illegal about Binary Options and it is perfectly safe to trade online in Binary Options.

When you get online, you will come across hundreds of different types of websites offering service in Binary Options. You need to register with a particular broker, and you can soon start trading. However, with some cases of phishing scams, we would like to advise you only to select those sites that are listed on our website. The reason being that the Binary Options Brokers over here are entirely regulated, licensed and have a high level of code of conduct in operating their business online.

Given below are some of the common and frequently asked questions regarding the legality of the Binary Options Brokers. We have tried to answer the question to the highest level of your satisfaction level. Also, we have shared the qualities you need to look for in a broker before you start trading in Binary Options.

Are There any Age Restrictions for Trading Binary Options?

There is a minimum age criterion you need to fulfil before you can start trading in binary options with the help of any broker. If you buy any financial product or join any online gambling site, some licensing and operation jurisdictions require minimum age criteria. It varies from one country to another, but usually, you need to be at least 18 years of age before you can start your journey in binary options.

Which Licensing Authority Govern Binary Options  Sites?

Every country in the world has their own set of regulations that govern the online trading of binary options sites. We have mentioned below each of the different regulatory bodies. When you select any binary options broker, you need to make sure that it is licensed and regulated by one of the governing bodies mentioned below:

  • Austria – The primary governing body that governs binary options trading in this country is the Finanzmarkt Österreich (FMA).
  • Belgium – The central governing body that regulates binary options trading in this country, is the Financial Services and Markets Authority (FSMA)
  • Bulgaria – The primary governing body that governs binary options trading in this country, is the Financial Supervision Commission (FSC)
  • Cyprus – The central governing body that regulates binary options trading in this country is the Cyprus Securities and Exchange Commission (CySEC)
  • Czech Republic – The primary governing body that governs binary options trading in this country is the Česká Národní Banka (CNB).
  • Denmark – The central governing body that regulates binary options trading in this country is the Finanstilsynet (The Danish FSA).
  • Estonia – The primary governing body that regulates binary options trading in this country is the Finantsinspektsioon (The Estonian FSA).
  • Finland – The central governing body that regulates binary options trading in this country is the Finanssivalvonta – Financial Supervisory Authority (FIN-FSA).
  • France – The primary governing body that regulates binary options trading in this country is the Autorité des Marchés Financiers (AMF).
  • Germany – The central governing body that regulates binary options trading in this country is the Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin).
  • Greece – The primary governing body that regulates binary options trading in this country is the Hellenic Capital Market Commission (HCMC).
  • Hungary – The central governing body that regulates binary options trading in this country is the Pénzügyi Szervezetek Állami Felügyelete (PSZÁF).
  • Iceland – The primary governing body that regulates binary options trading in this country is the Fjármálaeftirlitið – Financial Supervisory Authority (FME).
  • Italy – The central governing body that regulates binary options trading in this country is the Commissione Nazionale per le Società e la Borsa (CONSOB).
  • Ireland – The primary governing body that regulates binary options trading in this country is the Central Bank of Ireland (Banc Ceannais na hÉireann).
  • Latvia – The central governing body that regulates binary options trading in this country is the Finanšu Un Kapitāla Tirgus Komisija (FKTK).
  • Liechtenstein – The primary governing body that regulates binary options trading in this country is the Financial Market Authority Liechtenstein – Finanzmarktaufsicht (FMA- LI).
  • Lithuania – The central governing body that regulates binary options trading in this country is the Lietuvos Respublikos Vertybiniu Popieriu Komisija.
  • Luxembourg – The primary governing body that regulates binary options trading in this country is the Commission de Surveillance du Secteur Financier (CSSF).
  • Malta – The central governing body that regulates binary options trading in this country is the Malta Financial Services Authority (MFSA).
  • The Netherlands – The primary governing body that regulates binary options trading in this country is the De Autoriteit Financiële Markten (AFM).
  • Norway – The central governing body that regulates binary options trading in this country is the Finanstilsynet – The Financial Supervisory Authority of Norway.
  • Poland – The primary governing body that regulates binary options trading in this country is the Komisja Nadzoru Finansowego – Polish Financial Supervision Authority (KNF).
  • Portugal – The central governing body that regulates binary options trading in this country is the Comissâo do Mercado de Valores Mobiliários (CMVM).
  • Romania – The primary governing body that regulates binary options trading in this country is the Romanian National Securities Commission (CNVMR).
  • Slovakia – The central governing body that regulates binary options trading in this country is the Národná Banka Slovenska (NBS).
  • Slovenia – The primary governing body that regulates binary options trading in this country is the Agencija za trg Vrednostnih Papirjev (ATVP).
  • Spain – The central governing body that regulates binary options trading in this country, is the Comisión Nacional del Mercado de Valores (CNMV).
  • Sweden – The primary governing body that regulates binary options trading in this country is the Finansinspektionen (FI).
  • United Kingdom – The central governing body that regulates binary options trading in this country is the Financial Conduct Authority (FCA).