Binary options trading uk or gambling

Binary Options Trading UK. Binary options trading in the UK has become very popular in recent times. In some countries like the US this type of trading is regulated but as yet the UK has not introduced the same kind of rules. Now whilst this makes it easy for many to trade without restriction it does bring with it other threats and issues and a need to be careful when choosing a broker. For those looking to invest in the EU it is important to check that your broker is at least regulated by the Cyprus Securities and Exchanges Commission (). This is the ultimate protection that can be achieved by brokers serving the UK market until such a time when local regulations are introduced. With a good broker binary trading can be financially rewarding and enjoyable. We understand the need to feel comfortable and protected when trading online which is why we work to provide transparent and clear recommendations and reviews of the best binary options brokers available. We have selected only the most trusted UK safe brokers to save you both time and effort and make finding a legal broker a simple process. If you are considering becoming a binary options trader this guide will help you: Understand the regulations and classification of binary brokers in the UK Be aware of any taxes and fees that apply to UK binary options trading Feel confident that your are choosing a great broker that wont rip you off. Our Top Recommended Brokers. Local Broker Benefits. When it comes to binary trading, many UK investors prefer to trade options with a locally based broker. If based in the UK, most traders would expect to see an office based in London at a familiar address among all the other financial institutions. Being a small country geographically there is a sense that nothing is too far away in the event of an issue. While there are many reliable and reputable UK brokers there are many international brokers that also have a lot to offer.

How do you choose and what do you need to consider when making your choice? Licensing And Regulation. While UK regulation is well regarded there are also many other hugely reputable licensing bodies. These include (Cyprus) MiFID (EU) and ASIC (Australia). Often the best brokers originate in Europe or Australia and there are plenty to choose from. Mobile Trading Tools. Ease of use of the platform and whether it is mobile friendly is a huge consideration. You need to make sure that the platform is compatible with your phone or tablet and that you find it easy to navigate. Demo Account Features. The demo account is a huge benefit for both new and experienced traders. If you are ne to trading it allows you to get acquainted with the functionality, the various assets and trade types and the various charts, data etc. If you are more familiar with trading, it offers you the opportunity to try new things. Bonuses And Incentives. Like a demo account, a bonus also gives you the chance to get better at trading.

Whether it's a no deposit bonus to get your first trades free or a deposit bonus to make your money go further, they will both save you money. We have put together a list of recommended brokers based on our experience and knowledge of the UK binary options market. The tireless efforts of our experienced and skilled team will help you to make a more informed decision when it comes to choosing the right broker for you. Legal And Regulation. Currently there are no specific financial regulations that apply to binary options trading in the United Kingdom. It has been expected for some time that regulation and legislation is imminent and that the United Kingdom would try and align with the rest of the European Union. A decision on this matter was expected in July 2016 but the EU referendum may have changed this and it could be a longer wait than previously expected. Now it would be reasonable to assume that the government will hand over regulation of brokers to the Financial Conduct Authority () but until this happens options trading is classed as gambling and comes under the control of the Gambling Commission. Once responsibility for UK binary options brokers is transferred over to the one would expect to see suitability or wealth checks to ensure no mis-selling of products and a stringent dispute resolution process amongst other legal stipulations. This won't necessarily make it harder to trade but it will offer greater protection to the trader. Whilst this won't have an impact on those that trade from outside of the UK to UK citizens it will increase the standards of brokers that are UK based.

There may be regulations applied like those of the USA that make it illegal to solicit business from United Kingdom traders but at this time it is still ok to trade without any stipulations or rules. Latest Winning Trades. Paying Taxes And Fees. Like earnings in most countries when trading binary options the UK government officials state profits gained are subject to income tax by HMRC. The level of tax that an individual is liable for will very much depend on the earnings of the individual but will range from 20% to 50% depending on the level of annual income. Losses incurred from unsuccessful trades should of course be deducted and any income will be subject to UK tax at the appropriate level. If an individual pays their salary tax through PAYE any additional income needs to be declared through self-assessment. Any income will be subject to income tax if the earnings for that individual is above £11k per annum. It is the responsibility of the individual to self-assess and declare this income for the appropriate tax year. Trading options is not subject to any fees. The amount of profit an individual makes will be calculated and rewarded to the individual as stated in their payout terms. The individual may encounter small fees if trading in a foreign currency and may incur the weakness of one currency being converted to another. If a trader is trading through a US broker and deposits currency in dollars the withdrawal may be subject to small fees from the broker or the bank on top of any changes in the conversion rate that mean they won't earn as much as they might ordinarily.

Other fees may be incurred by using a credit card that charge fees or any method of e-banking that charges a fee for deposits or withdrawals. How we Recommend Brokers. Our recommendations apply to regulated binary options brokers across the globe in countries like Australia, South Africa, Russia, US, Canada and the UK to name but a few, in fact anywhere that a broker operates, even India. To ensure that we provide you with the best, up to date and accurate knowledge we are constantly reviewing the market place, ensuring we are at the forefront of any developments and familiarising ourselves with all the ins and outs wherever you are in the world. We have a team of specialists who are very experienced in investing and trading, and know the finer details of the market. We analyse every single broker to check what they offer and how it stacks up against the competition. When we analyse a broker, we are looking for the following: The licensing and regulation that they hold Welcome bonuses and incentives that they offer Ease of use and their mobile offering Customer support and how efficient it is Whether they offer a demo account Contests and tournaments Account types, trade types and assets available Payouts offered and any fees associated with trading. We give our best UK binary options brokers a star rating for each aspect of their service so that you can see, at a glance, if that broker offers what you are looking for. We do this research to enable us to provide you with a comprehensive overview of what is available and how relevant it is to you and your trading requirements. Expert Broker Reviews. Is binary trading in the UK legal and safe? UK popularity is increasing and whilst it is not regulated many reputable brokers have offices in London and other areas of the country. It is indeed legal to trade binary options. When it comes to safety that is all down to the reliability of the broker.

If you choose a reliable broker then other than the obvious risk of losing money your money will be safe. Do I need to pay taxes on my trading profits? Yes you do need to pay taxes on profits in the United Kingdom. It is your responsibility to declare any earnings after losses have been deducted. In the UK it is required that any earnings over a certain level are subject to taxes. If you are paid through PAYE then it is your responsibility to self-assess and declare any earnings outside of your salary. A tax return must be submitted on paper or online by a deadline with any monies owed paid on time. Can I test brokers before trading with real money? The common answer is yes. There are two main ways in which you can trade without risking your own money. If you are new to trading it is advisable to opt for a broker with a demo account facility so that you can trade with virtual money whilst you get used to trading. Once you have made your mistakes with the virtual money you will be more confident and practised to play with your own money. Another way to trade is to use the no deposit bonuses that some sites offer.

Is it easy to make deposits and withdrawals? Making deposits and withdrawals is a straightforward process. Simply open an account and make the required deposit. Many accounts will have a minimum deposit requirement for a particular account. Brokers accept many types of payments including credit cards, wire transfer and e-wallets. Withdrawals are made to the same method that was used to make the initial deposit. Withdrawals can take anywhere up to 5 days. Can I trade using my mobile or tablet device? If you pick a good broker then the answer is yes. The best brokers now have a platform that can be used on all types of devices including mobiles and tablets. Their mobile offering is usually a mobile friendly version of their desktop website or a specially designed app available from the App Store or Google Play. It is important for traders to be able to trade on the move and not be tied to a laptop or desktop PC. Our Top Recommended Broker.

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Let's try explaining and answering to ourselves what binaries actually are and that are their strong points. Industry emergence. Following Fx on the way to regulation. The high popularity came at an initial reputational cost for the new asset class. One of the reasons for binaries rapidly gaining popularity was the lack of regulatory framework and industry standards, which ensured a strategic advantage over forex, derivatives other more complex markets in the eyes of emerging start-up brokers. The effort-efficiency of launching a binary brokerage attracted a vast number of undercapitalized market participants diluting the image of the service, leading to the incorrect perception of binary options being more like gambling and a scam rather than trading. The sites Binary option brokers appeal to the same type of people who play poker online. But they somehow have an aura of being more respectable because they represent themselves as offering a form of investing. Don't kid yourself. These are gambling sites, pure and simple. It's probably just a matter of time before regulators move in on them. Gordon Pape, "Don't Gamble on Binary Options" ( Forbes ), 27072010.

The gambling parallel was, unfortunately, widely exploited in promotional campaigns run by market participants. Balancing on the edge of two confronting definitions (gambling vs. trading instrument) has raised numerous discussions within the trading and expert community, both sides having their supporters. Gradually this debate fostered a view, which I personally find most reasonable, that primarily questioned not the essence of binaries, but mostly the suitability of any asset class to a particular individual or method. Since one of the meanings of gamble is taking risky action in the hope of a desired result or staking something on a contingency, pretty much any financial instrument may be considered as an object of gambling if approached without proper prudence. Judging by this definition, a lot of what we do in daily life is gambling. Binary options are gambling much like other financial instruments, tangible or intangible. "Are Binary Options a Form of Gambling?" ( FinanceMagnates ), 30072014. Indeed, opening an overleveraged Fx position with a micro-account, opening a leveraged CFD position without stop-loss on a stock the trader does not have a profound knowledge about, going into a derivative while not building a real hedge does not seem getting any further from gambling in the common perception of that concept. You may have grasped that the common trait of the last 3 examples is poor risk management. Let's be honest, any investment activity is gambling.

Venture capitalists also gamble when they invest into start-ups, there is no guarantee that the company will survive let alone bloom. "Are Binary Options a Form of Gambling?" ( FinanceMagnates ), 30072014. Poor risk management usually originates either from the intended will to speculate with high risk or from the unsuitability of the instrument to the particular client, which in its turn comes from the lack of regulation in client assessment, informing and general education. And here again we return to the initial problem with binaries - the lack of regulation. Fortunately, we already are seeing a retraction of this tendency towards a closer regulatory oversight, renowned financial market participants embracing the binary offer in their product range and traders exploiting the original strong qualities of binary contacts in their trading strategies. Cyprus was the first watchdog to officially start regulation of binary option brokers in 2012, while many of other EU jurisdictions kept viewing binaries as "game of chance" and directed requestors towards their local gambling regulatory bodies. Things started changing fast in 2015. The year started with a landmark decision by Rotterdam court ( Source ) on the OptieClub case, where the Netherlands financial regulatory body (AMF) was forced to issue the first licence to a binary options broker. The watchdog had rejected the request earlier despite falling into the financial markets product definition under MiFID regulations and directed the broker to the Dutch Gambling commission. Similar news are coming from the UK where Her Majesty's Treasury issued a consultation paper considering regulating binary options as financial products. The UK Government is consulting on proposals to treat binary options as a financial rather than a gambling product.

This would mean binary options would be regulated by us, the , in line with practice across most of the EU, and no longer be regulated by the Gambling Commission. Both the Dutch court decision and UK initiative are indications on an impending paradigm shift that might open the gates for legitimisation of binary brokers seeking to get solid regulation in the EU market. Essentially, binary options industry is following the same path the Forex markets started 15 years ago: starting as a newly emerging speculative market dominated by non-regulated participants, low client confidence and ambiguous image retail, Fx turned into a well-established industry, overseen by financial authorities in virtually all developed countries it is now offered in the product range of numerous commercial banks. Binaries are now making the same journey towards regulation and transparency and seem to be doing it faster than Forex did in the past. At Dukascopy we have been feeling the shift of attitude to binary options especially strongly as our decision to enter the binary market 2 years ago was being taken amidst reported reservations regarding the suitability of this service to a well-established and reputable broker. On the contrary, we saw a clear competitive advantage in the fact that binary trading will be offered by a Swiss-regulated bank via proprietary platforms. We believed that this should contribute to the diversification of the market, reinforce traders' security and offer an alternative to standard solutions thus ultimately improving client confidence to the entire market segment. Binaries as simple, yet secure and useful financial instrument. Simplicity, straightforwardness and transparency are considered to be the key inherent traits of binaries. Absence of commissions, binary result (i. e. there exists only 2 outcomes), which implies possibility of capitalizing with maximum payout on minimal market movements contract amounts as low as 1 USD and available short timeframes, sometimes less than a minute.

Despite the doubts of being proclaimed speculative, binary options should be advocated as possessing all the characteristics of a financial instrument that can be used to realize investment goals. Binaries have particular attraction for investors whose strategies involve trading on economic news. News trading is a sophisticated investment activity that at minimum implies the following: Knowing when news are out and in what countries Being capable to carry out technical and fundamental analysis to assess the news impact Picking a currency pairpairs that are expected to be impacted Forecasting the needed duration of an option (e. g. 5 minutes or an hour) to avoid the interim noise volatility before and after the news is out Correctly and carefully placing a pending order and describing it. Noise volatility (volatility spikes) is a real problem for news traders that can be successfully dealt with using binaries. Here is a real-life example that demonstrates the impact of volatility: Example 1 : ECB Minimum Bid Rate (act. 0.50%, exp. 0.50%, prev. 0.75%) Date and Time: 02052013 11:45 GMT. ECB has reduced the base interest rate by 0.25%, which elicited a downward pressure on the EURUSD. However, a trader who correctly interpreted the news might come across a noise volatility that could have resulted in interim losses on a spot position. Binary option would be more preferable in this situation. Example 2: ECB Minimum Bid Rate (act. 0.50%, exp. 0.50%, prev. 0.75%) Date and Time: 02052013 11:45 GMT.

Unemployment claims came out significantly lower than expected. However, the investor who correctly predicted it and forecast downward movement of USDJPY would face an unpleasant surprise when the pair hiked by 50+ pips. After the unexpected spike the pair abated as expected. An investor with short spot FX position could have been closed on margin cut or voluntarily closed the losing position. Binary option would again help the trader pass over the spike and gain on the correct forecast. Binaries also feature a set of important qualities related to tradingexecution risks management. First is the independence of market depth, which means technical absence of slippages. Second, predefined maximum profit and, most importantly, maximum loss make it impossible to lose more than the amount of the contract. The latter also implies impossibility of driving the account into negative equity even under market force majeure conditions like those observed during the CHF soar on January, 15th 2015 after the Swiss National Bank's surprise decision to abandon the EURCHF floor. With all of the above features binary options are making another major step in turning markets more accessible to a retail trader, comparable to forex instruments going into electronic trading on retail platforms 2 decades ago. Adding a unique touch to binaries in Dukascopy. Being a banking group with an considerable IT development expertise Dukascopy undertook the development of an in-house binary service and trading platforms (Web, iOS and Android), which ensured considerable flexibility and freedom compared to the common approach of going into a white-label with one of the major platform vendors, an approach that had become standard at that time. Seeing binaries as a new area for us, we went for a conservative start with offering the classic yet most widespread UpDown binaries on currency pairs. Our flexibility allowed us offering features that were and remain unique in the market even for that basic binary options type: fixed payouts with a default level of 90% , which still remains among the highest in the market, custom-set option durations of 1-60 minutes with 1 min discretion.

To achieve total transparency of the price feed we are using the SWFX (Swiss Forex Marketplace) flux, i. e. the same quote source as Dukascopy's FxCFD trading platforms. Another valuable feature highly appreciated by technical traders are the fully-functional charts with over 180 indicators and drawing objects available in the Web Binary platform. After the service was successfully launched for the clients of Dukascopy Group, binaries became available as a separate module in the Dukascopy White-Label partnership program. This year we extended the instruments range with Daily Stock Options giving access to a session trading of over 1500 stocks from all over the world and Pair binaries on stockindex combinations. Unlike the conventional approach of offering a short fixed set of pair combinations, our traders can build their own compositions. Many updates and new features are now in the pipeline. This includes further integration of our products, allowing automatic creation of new trading subaccounts and platform improvements. To harmonize the offerings available to FxCFD clients and binary traders we are now working on launching an equity bonus program for binary accounts. Finally, new binary instrument types, including the Touch binaries and their variations, are on the way. Again, as with UpDown options, we intend to continue re-thinking conventional instruments while striving to add a unique element to our service. All the above mentioned unique features of our binary options are fully available to the retail clients thanks to Dukascopy Europe.

Binary options accounts with Dukascopy Europe are available for contract sizes from 1 USD and an initial deposit of 100 USD. I invite you to get your own experience of binary trading with us at dukascopy. eu. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc. Is Binary Options Gambling? Binary options are not gambling simply because there are regularities one can exploit in order to make money. These are called chart patterns and are used all around the globe, not only by binary options traders and forex traders but also by investment banks’ employees who run the trading desks. Chart analysis is a legitimate tool to analyse the market and predict future movements in prices. This does not mean that there is no risk and that any simple method will do. There is a lot of work each trader needs to do before she can become a true master of the market. On the other hand, gambling involves a lot of luck. In casino games, players are dependent on the system settings In sports betting, players depend on many variables that determine the outcome of the match. Also, not all matches bring best returns, while higher grossing matches also carry more uncertainty. Poker is a game of skill and players rely on a different set of individual and non-structured guidelines they themselves came up with. Criteria are not clearly objective.

3 most popular ways to gamble are. Casino Fixed Odds Games (such as roulette) Sports Betting (such as betting on an NFL team) Poker (such as Texas Hold’em) Casino games are nothing like trading binary options. Taking positions in the market vs betting on a roulette is not the same. In casino games, you get a return based on the probability of an event and it is always at a disadvantage to the playertrader. The house has the edge and the house always win in the end. If you are interested in Casino Games, and other forms of online gaming, we suggest visiting Casinolisten. com for the best recommendations in the industry. Some traders might consider binary options to be very similar to sports betting, but they would be wrong. In sports betting, bettors are usually placing a bet on the final outcome of a game that lasts let’s say – 90 minutes. In binary options trading, traders are placing a real trade on the outcome of price movement after the options time has expired. But that is where all similarities end. Sports betting is still just betting, while from a legal point of view, binary options are considered to be a financial instrument.

They are regulated in a different way and cannot be compared. Betting and binary options are not the same thing and cannot be seen as such. Binary options, as all types of financial trading, have some risks attached, and traders have to be aware of them. Betting, also involves risks, but as a fairly old phenomenon, it is more familiar to the traders than binary options trading. All readers who want to experience binary options trading should be cautious, get proper education and trade with regulated brokers. Nobody can predict the future. We can all speculate and try to predict it based on knowledge, feel, and experience, but you can never know all the variables. The reason why binary options are more interesting and profitable than sports betting is that you are betting against the market. You can find a nice market and gain an edge. Winning punters get banned from betting at bookmakers or limited to bet very small amounts as the bookmakers way of saying “Go away! We do not want your action”.

In binary options you are not typically betting against ‘the house – it depends on the liquidity. In many cases, broker will step in and take the other side. The brokers are simply buying and selling your positions by trading with others. If two people place a bet, one bet call and one bet put , the broker has no risk. For you to take a negative position on the Apple Inc shares, somebody needs to be willing to take the opposite position. If the broker is not willing to take a too high exposure on a position, they can go and buy the opposite position in the market which means they will profit with a smaller margin but also take very little risk. Poker is by most poker players considered to be a skill game. On the contrary, most governments label it as gambling. Poker and binary options have several similarities. A skilled poker player has an edge vs. a newcomer to the game just like a skilled trader has an advantage over a random person on the street.

Short term, the inexperienced can be just as profitable as the skilled traderplayer and in some cases even more profitable. It is hard to argue that becoming an experienced trader and obtaining knowledge about different strategies while possessing a general understanding of the gamemarket will not have a positive impact on your ROI. Short term, luck does not make one resilient in the market long term. Online Binary Options Trading Platforms and Poker Rooms. In poker and binary options trading, you do not necessarily play against the house. On a small scale you do on a large scale you do not in binary options trading. The ‘house’ takes a small fee of your trades. The brokers naturally need to pay its staff salaries, marketing is costly and the online binary options brokers are being scrutinized by governed financial institutions securing the company is following the laws and regulations. We highly recommend that you only deposit with brokers that you find listed on our site. This will secure safe payouts and should you face any difficulties we can assist you.

Poker involves a high degree of analyzing peoples´ betting patterns when doing an opponent check, bet, raise or fold in certain situations. When you start picking up a pattern, you gain a financial edge and stand to increase your profit rate. Keep in mind you will always make mistakes regardless how savvy you become. Another important factor is that in poker, as well in the stock market, people can get distracted by their emotions. They hang on to a hand that looked good 5 minutes ago or keep shares because they have a personal relation to the company beyond pure and simple profit making. On the contrary, one might possess knowledge or have a secret method hence buying when then the most obvious move would be selling and cut the losses. You never know for sure. That is the beauty! Binary Options Trading. Binary options trading can be learnt if one takes enough time to learn all about technical and fundamental analysis. Traders need to know basic chart patterns and indicator tools so they can start gaining experience in the market.

We always recommend using the demo account to test one’s abilities before investing real money and trading. This way traders can see at which level they are and how much more they have to improve to become truly successful traders. Get a no deposit demo account for free with IQoption. News archive. Min. Deposit Sign Up Bonus $10 up to $300. Trusted Forex Broker. Min. Deposit Max. Leverage $250 1:400. Top Trading Platforms. Broker Min. Deposit Min.

Investment Reviews $250 $25. Please visit our sponsors. Copyright © 2012-2017 All Rights Reserved Fair Binary Options - de. Disclaimer: This website is independent of binary brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed. The website does not provide investment services or personal recommendations to clients to trade binary options. Information on FairBinaryOptions. com should not be seen as a recommendation to trade binary options or a be considered as investment advice. FairBinaryOptions. com is not licensed nor authorized to provide advice on investing and related matters. The potential client should not engage in any investment directly or indirectly in financial instruments unless (s)he knows and fully understands the risks involved for each of the financial instruments promoted in the website. Is this your final decision ? We suggest you visit one of the popular brokers instead! Help FairBinaryOptions remain fair. Hey there, we noticed you are using AdBlock. While we understand ads can be annoying we rely on the revenue from advertiser to manage our website.

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You are therefore advised to re-read this statement on a regular basis. These terms and conditions form part of the Agreement between the Client and ourselves. Your accessing of this website andor undertaking of a booking or Agreement indicates your understanding, agreement to and acceptance, of the Disclaimer Notice and the full Terms and Conditions contained herein. Your statutory Consumer Rights are unaffected. © Finance Magnates 2015 All Rights Reserved. UK to Change Binary Options' Legal Status from Gambling to Investing. Her Majesty's Treasury plans to move binary options regulations from Gambling Commission to the Financial Conduct Authority. A recently published draft legislation consultation paper by Her Majesty’s Treasury shows that the UK government is set to switch the regulatory framework for binary options trading from gambling to financial trading. This development is part of a larger trend in the European Union to redefine the legal status of binary options as exemplified by the first Dutch binary options license. When the UK adopted the EU’s Markets in Financial Instruments Directive (MiFID) rules it did not extend the scope of the British financial regulators to cover binary options. The UK’s approach was in line with how it believed the Committee of European Securities Regulators (“CESR”) analysed the scope of MiFID.

Therefore, under current UK legislation binary options are classified as bets and are supervised by the Gambling Commission rather than the Financial Conduct Authority (). However, different Member States have taken different approaches to this issue. Several European Member States include binary options within the scope of their transposition of MiFID financial instruments. The UK government now says this creates inconsistencies in approach as to whether firms offering binary options can or cannot passport across the EU. It also means that there is confusion for potential purchasers of binary options about their status and potential inconsistencies in consumer protection for what can be risky products. Additionally, recent publications by the European Commission on binary options indicate that the Commission believes that certain binary options are within the scope of MiFID. Still, the uncertainty in the EU about the status of binary options have not lead to any specific amendment to MiFID II. However, HR Treasury says that in the light of the growth of the binary options market and concerns about consumer protection, the British government considers it appropriate to consider their status under the existing directive and revisit the UK’s transposition of this element of MiFID. The UK government is now of the view that binary options, where they relate to specific underlyings, are appropriately viewed as MiFID financial instruments. It therefore proposes to bring activity in relation to these instruments within the regulatory perimeter, where they are derivatives in relation to which an investment firm or credit institution is providing or performing investment services and activities on a professional basis. Such persons providing specific binary options, under the draft amendments, would require authorisation under Financial Services and Markets Act (FSMA) and be regulated by the . Although there are supportive legal considerations in deeming certain binary options ”financial instruments” and specifying them as investments, there are also strong policy reasons for doing so, the goverment says.

In particular, binary options present similar risks to derivatives and classifying them as financial instruments would ensure that providers would be subject to specific regulatory requirements in relation to organisational and capital requirements and that the range of investor protection rules in MiFID would also apply. It would also mean that the specified binary options are brought within the scope of the market abuse regime. The British government is seeking comments on its proposed draft legislation to bring certain binary options within the legal framework that covers contract for differences (CFDs) in the UK. The consequence of this drafting is that a binary option is a financial instrument in circumstances where similar derivative contracts would also be regarded as financial instruments, for example, where the option relates to currencies, stock indices, individual shares, commodity prices and economic statistics. The draft amendment would therefore capture a wide range of binary options. The UK government is particularly seeking responses in relation to whether this draft legislation raises any problems in relation to scope of what would be captured. For example, a binary option in relation to climatic variables would appear to capture a range of binary options that might not ordinarily be considered to be financial. Gambling Commission Reaction. A spokesperson for the UK Gambling Commission (UKGC) commented on the development: “For most existing licensed gambling operators this will have little or no impact on their business. “Binary options account for less than 1% of the Gambling Commission-regulated online gambling market. Operators who offer binary options alongside more traditional betting products will merely find this part of their activity regulated by the .” However, the spokesperson clarified that binary options firms will not need to apply for a gambling license this year, “This is to avoid relevant operators having to make applications and pay fees that might later prove unnecessary. “The effect of this is that operators will not, for the time being, require a gambling operating licence to offer binary options, and no application to the Gambling Commission to do so will be necessary until further notice.” AMF Continues Crackdown Against Unauthorized Binary Options Firms.

Fines Binary Options Broker Opteck €50,000. 3 Comments on "UK to Change Binary Options' Legal Status from Gambling to Investing" Big plus for the B. O. industry. Each firm will have more work to do around regulation, but it is a validation of B. O. as an trading asset class. Big plus for the B. O. industry. Each firm will have more work to do around regulation, but it is a validation of B. O. as an trading asset class. I assume that the reclassification will mean that profit from binary option trading will attract investment tax. Is binary options a new form of gambling? Binary option has supposedly taken Forex and stock trading to a completely new level. With new and improved technologies, brokers are providing platforms that claim to make trading super fun, quick, and effective. If binary option is an actual trading instrument and is not gambling then it has successfully taken out all the boring elements from normal trading and have replaced it with a fast and interesting platform. Is binary option Gambling? There are two sides to this story.

If you ask this question to a broker, then most of them say no i. e. they will claim that it is not gambling. On the other hand, there are several clear indications that suggest binary options is gambling. Just for the record, it is my personal opinion too i. e. binary trading is 100% gambling. Majority of brokers will tell you that options is not gambling, and they will defend their position by giving different reasons. An account manager once told me during a phone conversation that their website is connected to some network by which their site get real-time trading data from the markets, and when a customer wins a trade, a third party pays the profit. “His company wants its customers to win as many trades as possible on each trade customers execute, our company receives a small commission by a third party,” he added . He further explained that when a trade ends in a draw then they don’t get any commission they receive commission only when a trader either wins or loses a trade. Binary option brokers lie! The account manager continued the story and said that they want traders to win and make money so that the company can continuously get commissions. “If a customer loses all his money and stops trading, we stop getting commissions,” he said. If what the account manager said is true then all of this could make sense. Traders win trades and make profit while the broker gets commissions it seems to be a workable system that actually does exists in ECN Forex Trading. Another thing they brag about is being a licensed entity.

Most brokers reside in Cyprus and they get their trading license from Cyprus Securities and Exchange Commission . They ask traders to trust them blindly because they are regularized by . Binary brokers are trying really hard to give the impression that what they do is same as Forex Trading and I must say they are doing a great job, however there are several unanswered questions like, who exactly is this third party? Moreover, if majority of traders make money then how is it surviving? How does it make money for itself? Broker want to make, not lose money. Companies do business to make money for themselves they don’t do it to make other people rich. If you search on Google, you will find tons of withdrawal related complaints against majority of brokers. Traders who are able to make profit are not getting their money from brokers they make up numerous excuses for not paying. Why do they have such a hard time paying profits to the traders? You will find countless complaints against famous brokers who spend thousands of dollars every day on advertisements. They will make up all kinds of lies to hide the truth. Nevertheless, there is hope. There are few honest companies in this otherwise awful business, one of which is MarketsWorld.

This broker is famous for paying profits without any issues. Unlike other dishonest ones, they operate under the law. MarketsWorld or MW is the only financial betting site that operates in Isle of Man, UK. Gambling Supervision Commission GSC regulates this company. Gambling Commissions do not regulate currency-trading companies, so if binary option is not Gambling then why does GSC regulate MW? In online casinos, if you play and win, the casino owner pays you the money from his pocket. You win and the casino loses. Binary trading operates in the same way the real name of this business is “Financial Betting.” Binary options trading is completely false label for this business. A live chat representative of MW gave the following statement: “However since all trades you buy are against the company, we view it as a conflict of interest to offer trading advice directly.” Here is a screenshot of the live chat discussion: It is up to you to decide whether this is gambling or not. Additionally, you should know that making profits in this business is only possible if you can come up with a good trading method otherwise, you will lose all your investment. Brokers advertise this as an opportunity that you can use to get rich quick these are all lies. Without a solid working method, you cannot make profits. Following is an example showing how financial betting, aka binary options trading, work: Step 2: Select An Expiry Time. Date: 2016-12-10 14:10:41. Said: If you analyze it carefully, you will know Binary Option is a scam.

1) how binary option brokers make money? 2) they make money from your every losing trade. But they put it beautifully that they only earn commission if you make money. 3) life is full of challenging, it is very difficult to tap on traders who knows how to trade, 4) thus they turn to big big very big market of those who does not know how to trade. 5) they offer “hold hands” method so that inexperienced traders are willing to pump in money. 6) to make it even more attractive, brokers even offer 100% bonus top up for every dollar you pump in. 7) Account Manager will call you and follow his signal to trade, 8) hey remember, who pays his salary? Broker, not you!! 8) he will make sure you lose every cents so that all your investments are “transferred” to broker’s account rightfully n cleanly. 9) broker makes money is good job for Account Manager, thus they can’t be bothered how you feel. They don’t call you any more!

10) in order to squeeze further from every drop of your blood, recovery Account manager will call you, sympathy your case and say that your previous Account Manager has been sacked! Because they made the company lose an important customer like yourself.. 11) Recovery manager will “promise” recovering your investments in 3 to 6 months. They will entice you to pump in more money to trade conservatively. 12) after you pumped in your money, they will slice you stupidly for the second time…. 13) because you are more conservative this time, you will win & lose your trade, more lose trade of course! your investment will drain off slower until you realize that you are real stupid in this world !! 14) this tactics is the best scam on earth, you are being sliced twice and still do not know who they are!! 15) brokers and Account Managers now listen…I am not sure if you believe in retribution, karma and hell. Those money that you scammed successfully are peoples’ hard earn money. Believe or not, I know many has committed suicide because of your scam!

They will haunt you down. You will not have good death!! You will never enjoy rest in peace. Date: 2016-10-26 14:32:44. Said: I invested in a Cyprus company called Opteck… and they lost all my money in two hours… Opteck said they matched dollar for dollar. I invested 126,357 US dollars and Opteck made an even 300,000 US dollars. And all gone with out a guilty conscience. DO NOT INVEST WITH OPTECK CYPRUS. Date: 2017-03-02 14:55:56. Said: Useful Resources! Date: 2017-07-31 08:36:20. Said: In my comment I want to touch a few subjects. First of all, I am also a victim of binary options do not mistake for a second - it a well oiled machine operation from the middle east and has millions of victims and devastated lives behind them. I had worked with a company named 23 Trade, I trusted them and let the broker know that I’m a single mother that is in strangulation to raise her children and needs money, my bad. I was manipulated to invest 12K in 4 months time.

All gone to the garbage and the explanation I got is that “this is trading. Sometimes you win sometimes you loose.” My luck is that my brother worked in IT, and know his way throw computers. Once I explained to him what had happened, we started to search online to get more information and about the industry, we consulted a few law firms and decided that we are not going to let them to get away with it. After consultations with a few companies we did choose one (MBL) and we started to work to get my money back. I must say I was so broke that my brother actually gave me money for the process - it was devastating . In the end of this story, in a few mounts time I managed to get the funds back. Now I got to have a happy ending, but a lot of people are actually loosing they’re lives in the industry. Bottom line of what I wanted to say - ALL BINARY ARE FRAUD. period. No good companies.

If you are, a victim like myself, do know that you can solve this situation. Go, read online, consult with lawyers. Just DONT let them get away. If i can - so can you too get your money back… 11 Comments on "Binary Options Trading is Gambling… or is it?" Throw your money down the toilet instead of wasting time in binary “TRADING”…. After losing lot of money, I finally was able to make some profits. I lost $10,000 then invested 5,000 again. With some claim trading, I made 500 dollars and requested BANC-DE-BINARY to send me this profit. Before this request, different a** ho*** were contacting me and were always telling me that I need to invest more and more money. When I requested a withdrawal all calls stopped and they did not respond to my emails. It has been 2 months now and they have not sent me the profits. I also tried to get my $5,000 back but because no one is replying to my requests, I am trapped in a dead-end. Live chat will sometime simply disconnect after knowing what the issue is. Sometimes, they tell me wait.

BANCDEBINARY IS SCAM. I live in Pakistan, I tried to deposit money with my broker, but my credit card company called and told me that they are going to reverse the transaction. They also warned me to never use my card for business purposes. Can someone suggest a work-around? How can I deposit funds with if I live in Pakistan? Please help! Hi, this is a trading scam period. Sir I am a Muslim and I want to trade, but some people say it is gambling, so what should I do? This certainly is betting, stay away from it. Not only your religion denounces it, but also avoid it as it is gambling, 99% of the time, you will lose all your money at the end of the day.