Binary options trading is quite popular in the UK. A binary option is a simple yes or no system; where the investor has to guess the price or the direction of an asset within a preset space of time. Most binary options expire the same day, but many brokers offer 60 second expiries as well.
High returns; as high as 90% of the initial invested amount make this trading product attractive for individuals looking for the thrill of trading, as well as a chance to nearly double their capital.
Binary options are similar to gambling. The Gambling Commission in the UK handles the regulatory oversight for this product.
Many brokers offer automated trading facility e.g., auto trading robots, social trading to automate the entire process for novice beginner traders.
Forex (EUR/USD, GBP/USD, USD/JPY etc.), Cryptocurrencies (Bitcoin, Ripple, Ethereum etc.), CFDs (Apple, Google, Microsoft etc.) can be traded through binary options.
This section lists the most popular binary options brokers for people living in the United Kingdom. Free deposit bonuses may be offered by certain brokers. Minimum initial deposit is £250.
In order to trade binary options, an individual must open an account with a broker that provides an online trading platform.
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This section lists the best websites to search for binary options brokers. Sites listed here come up in the top 20 search results on Google.co.uk (UK version) for the term "binary options brokers."
Binary options like any other exotic investment products are prone to scams. Investors should be particularly careful with sites offering quick guides to riches. Although it may be possible to make good money from trading binary options, the number of people who lose money in them are considerably higher than the ones who become profitable.
Regulation for binary options is handled by The Gambling Commission.
Contact Centre is open Monday to Friday from 10am to 4pm.
Telephone number: 0121 230 6666
Email: [email protected]
Investors can contact the Financial Conduct Authority to check on the regulatory status of an online broker. Dial 0800 111 6768 (freephone) or 0300 500 8082 from the UK, or +44 207 066 1000 from abroad.
FCA Head Office
12 Endeavour Square
London E20 1JN
Binary options are risky investment products. Investors should not invest money; they can't afford to lose.
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