Is it Legal To Trade Binary Options For Canadians?
The short answer is yes. Of course you have to check all local laws, ordinances and the sorts but there are reputable binary trading brokers that accept Canadians. Canada traders are a minority in the binary options market in the early part of 2013 but with their strong economic outlook and higher than average income per capita, Canada traders look to take they market by storm in 2015. There is nothing illegal about Canadians trading binary options online. It has become one of the fastest growing ways to trade across Canada, the USA, Europe and around the world and according to one of our recommended brokers, Canada is red hot right now.
The short answer is you can trade binary options freely and without worry from the comfort of your own home.
So, where are your fellow Canadians trading binary options at today legally? That is a good question. There are dozens of trading sites available to Canadians, but I can count on one hand the reputable and legit binary options brokers we would recommend. Here are the best binary options trading sites for citizens of Canada to legally trade at.
Updated for 2015
24 Option Offering the highest returns on forex pair trading and a positive reputation, 24 option is one of the largest binary options brokers. The minimum deposit is $500. Customer support is quality and there are new trader bonuses available to add to your trading bankroll.
OptionFair OptionFair is a top rated broker that accepts 100% of Canadian traders. The minimum deposit is $250 and the customer service is top notch. They work to maintain a very positive reputation with competitive payouts, responsive customer support and benefits to traders including a free signal service you can use once you deposit real money into your account. They also guarantee the first 5 trades it is an exceptional way to try them out and learn how it works.
TradeRush Legit broker who pioneered the 60 second binary trading expiry times. Fast and fun trading at this legitimate broker. Offers nice rebates on losing trades.
Banc De Binary World class private options bankers with offices around the world and that accepts Canadians. Requires a minimum deposit of $500. Excellent customer support and service. We did find that they are on the OSC warning list .
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