Is it legal to trade binary options in any countries?
After binary options trading’s growth in 2008, followed in 2012 by its reclassification as a financial instrument, it has become a mainstream method for trading. The wave of classifications and regulations from regulatory bodies that followed also gave it mass credibility.
As previously discussed, numerous countries and jurisdictions do regulate binary options trading. In countries where binary options trading is not regulated, it is technically legal to trade binary options, unless there are laws that specifically forbid it. Generally, binary options trading is not illegal in countries where this market is unregulated, as there is normally not a law that actually allows or prohibits it. It is however important to check the laws and regulations in your country before starting to trade so that you are aware of your broker’s duties and your rights.
If you live in a country that does not regulate binary options trading, you may still trade with brokers that are regulated under other reputable jurisdictions. In that case, you will still receive the same protection as those brokers’ licenses compel them to treat traders from other countries in the same way as they would treat traders from their own regulated markets. IQ Option is for example regulated by CySec and is available to traders in the following countries:
|Denmark||The Czech Republic||Cyprus|
|Spain||Slovenia||The Slovak Republic|
|The United Kingdom||The Netherlands||Sweden|