Australian Binary Options Industry Report
Australia is a large market for the Binary Option industry. Although most option brokers are primarily based in the European region they spend a great deal of effort on the Australian market.
Australian traders of binary options are protected in Australia by the Australian Securities and Investments Commission (ASIC ). There are two Australian binary option brokers who are licensed and regulated by ASIC.
DMM Option is an Australian licensed broker by ASIC. Offering the MarketPulse trading platform, with 100% returns, they offer $20 free to get started, read more .
HighLow is regulated by Australia’s ASIC. They also use the MarketPulse trading platform, and have the lowest minimum deposit of only $10, read more .
Most binary option brokers have not gone through the accreditation process in Australia due to their main focus currently being in Europe and the United States. Since Australians do not fall under the same restrictions that the SEC in the USA puts into place, they can take comfort in the United Kingdoms FCA regulation of brokers like 24Option and European regulated broker Top Option .
Banc De Binary is registered with the FSA in the United Kingdom & regulated by the CySec in Cyprus. They are one of the largest binary option brokers in the world and for Australians they offer a 100% match on funds deposited with them. read more .
Top Option which is owned by Safecap Investments Limited is regulated by the FSA, Banque de France, CONSOB, CNMV, AMF, BaFin, Finansinspektionen, Finanstilsynet, PSZÁF, NBS, and CNB in the EU (European Union). Top Option offers the lowest minimum deposit of a regulated binary option broker, View Details .
There are many binary option brokers out there and you have probably received an from some of them promoting their brokerage services. The reason to go with a regulated binary options broker like the ones listed above is because you do not need to settle for less. The four brokers listed about each run a different trading platform and we encourage you to open a demo account with them before you start trading. Some traders like to leave their options open and will open two accounts with separate brokers and see which one suits their trading style better.
Stay tuned for more updates regarding the Binary Option Broker industry in Australia.