If you are new to Binary Options trading, then the question whether it is legal or not must have crossed your mind at some point. Well, we are happy to disclose that all types of Binary Options trading ways and techniques are perfectly legal! Although you will find loads of mobile and online Binary Options trading websites offering membership and appealing bonuses, but you should only choose those which are fully licensed and follow standards and codes of ethics stringently .
We have made the effort of compiling some FAQs regarding the legality of the Binary Options trading online. Also, this will enlighten you with the qualities you should be looking for in a licensed and reliable Binary Options trading website to become a member!
Are there any age restrictions for becoming a member and conducting Binary Options trades?
Yes there is; you have to be of a legal age limit to carry out Binary Options trading. The age limit at Binary Options trading sites varies from country to country. These websites follow the same legal standards as the country’s laws, where the legal age limit mostly starts from 18.
Which licensing authorities govern Binary Options websites?
Every country has a different governing body which regulates and provides licenses to online Binary Options trading websites. Here is the list of countries and names of the governing bodies authorizing Binary Options trading:
- Austria –Finanzmarkt Österreich (FMA).
- Belgium –Financial Services and Markets Authority (FSMA).
- Bulgaria –Financial Supervision Commission (FSC).
- Cyprus –Cyprus Securities and Exchange Commission (CySEC).
- Czech Republic –Česká Národní Banka (CNB).
- Denmark –Finanstilsynet (The Danish FSA).
- Estonia –Finantsinspektsioon (The Estonian FSA).
- Finland – Finanssivalvonta – Financial Supervisory Authority (FIN-FSA).
- France –Autorité des Marchés Financiers (AMF).
- Germany –Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin).
- Greece –Hellenic Capital Market Commission (HCMC).
- Hungary –Pénzügyi Szervezetek Állami Felügyelete (PSZÁF).
- Iceland –Fjármálaeftirlitið – Financial Supervisory Authority (FME).
- Italy –Commissione Nazionale per le Società e la Borsa (CONSOB).
- Ireland –Central Bank of Ireland (Banc Ceannais na hÉireann).
- Latvia –Finanšu Un Kapitāla Tirgus Komisija (FKTK).
- Liechtenstein – Financial Market Authority Liechtenstein – Finanzmarktaufsicht (FMA- LI).
- Lithuania –Lietuvos Respublikos Vertybiniu Popieriu Komisija.
- Luxembourg –Commission de Surveillance du Secteur Financier (CSSF).
- Malta –Malta Financial Services Authority (MFSA).
- Netherlands –De Autoriteit Financiële Markten (AFM).
- Norway –Finanstilsynet – The Financial Supervisory Authority of Norway.
- Poland –Komisja Nadzoru Finansowego – Polish Financial Supervision Authority (KNF).
- Portugal –Comissâo do Mercado de Valores Mobiliários (CMVM).
- Romania –Romanian National Securities Commission (CNVMR).
- Slovakia –Národná Banka Slovenska (NBS).
- Slovenia –Agencija za trg Vrednostnih Papirjev (ATVP).
- Spain –Comisión Nacional del Mercado de Valores (CNMV).
- Sweden –Finansinspektionen (FI).
- United Kingdom –Financial Conduct Authority (FCA).
We strongly recommend that you visit the website of the governing authority of your country to see which Binary Options trading websites are registered and licensed by them to save yourself from scams and swindles.