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You cannot find the answer to successful trading in any coach, book, or system in the online trading world Pocket Option 2023 . Success is something that needs to be cultivated over time, with directed effort.
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But, all of your efforts will be for nothing if you use a fraudulent platform. There is always a myth among the binary trading industry "Binary options are unregulated." The fun part is that people still consider binary trading as gambling . But the truth is a bit different.
History records that binary options trading began in 1974 Pocket Option Fake Or Real . In that year, the Chicago Board Options Exchange (CBOE) was officially launched binary options.Notably, trading binary options are perilous. So, isn't it wise to pick the best broker before going through the worst?
Let's dig in to reveal the truth behind it!
Binary Options Regulation:
Regulation is essential for both brokers and traders. It helps us avoid scams and keep our trading journey secure. Also, it underpins the markets and ensures proper services.
But, most people think that binary options are not regulated. Some countries have indeed banned options trading because of some previous fraudulent activities by some scammers.
On the flip side, the same trading class is regulated in many countries.
Here is a list of regulatory bodies who regulate many binary options brokers worldwide:
If you choose a regulated broker, there is no way to fall victim to fraud's trap. And you will have an option to report in case of any such incident.
Binary Options Regulation In The USA:
Trading options are not forbidden to trade in the United States if the timeframe is more than 1 minute. On the other hand, the options contracts can be considered legal only after the SEC's approval.
If you are a USA citizen, then it is a must to verify whether you are trading with a US-registered company or not. The reason is that the unregistered company is not allowed to offer any financial services inside the country. In that case, you could lose your funds if you choose any off-share broker.
Always remember, it is wise to trade with a regulated broker to avoid scam activities. For the trader's well-being, the entire USA government follows this rule. On the other hand, not all binary brokers accept USA citizens.
So, check the binary trading in the USA article thoroughly if you are interested in knowing the insights.
Regulation In Europe:
CySEC was the first financial authority that aimed to control binary options. In the European region, it monitors almost all the legit binary options brokers. Getting permission from this monetary authority is quite a bit hard.
Usually, brokers and financial institutions must undergo many complex procedures and frequent checks to pass the test. On top of that, they need to meet all the requirements to issue their license. Many brokers have become blocklisted due to their failure to do so.
Thus, only those platforms can survive who have the goal of doing an honest business. Here is a piece of great information for you. If you would like to trade with a broker under this regulatory body, you can check our broker review list.
Binary Options Regulation Under Other Regulatory Bodies:
In the United Kingdom, the Gambling Commission used to handle binary options trading until 2015. Then, the FCA got the responsibility. Here you will get complete freedom to trade with any UK-based regulated broker.
As for Australia, you can find many binary brokers working under the Australian Securities and Investment Commission. Australian options traders do have vast experience in the industry. They tend to trade with high deposits and are very successful.
Furthermore, New Zealand has an excellent economy. People love to try out new products here. The Financial Markets Authority (FMA) is the regulatory body in New Zealand. It assures binary Options are safe and secure in this region.
Moreover, if we pay a quick gaze towards Italy, CONSOB is the official binary options regulator. It is pretty strict and gives a hard time to brokers while providing a 'yes card.'
But in France, options did not get much attention yet. Here, it is neither regulated nor illegal. They still have a long way to go for the farther.
Do you still think that options trading is unregulated?
I think your answer is a big 'NO,' right?
Finishing Touch:
We cannot say that options trading is not regulated. So, it is wise not to let these myths ruin your potential binary trading career because of such misconceptions.
There is a way to choose brokers who work under popular regulator bodies to avoid scams. Options trading is not all about putting in call or put options from your gut feeling. Instead, there exist lots of aspects to consider. Indeed, success is something far-fetching here.