Are Binary Options Platforms and Activities Legal? Legal financial rules are constantly changing and evolving and in some countries. At the moment, a handful of binary options has a license from monitoring organizations.
Monitoring Organizations of Legal Binary Options Platforms:
- Commodity Futures Trading Commission (CFTC),
- National Futures Association (NFA),
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Industry Regulatory Authority (FINRA).
Are Binary Options Platforms and Activities Legal in USA?
Many binary options company without the license try to get customers from US citizens. Moreover, It is recommendable to protect your capital avoid to investment on the non-licensed brokers.
What is more, In the other countries, the rules are not clear and customers should refer to the local laws country of the residence. Furthermore, In some countries even activities in binary options are illegal.
Are Binary Options Platforms and Activities Legal in Islamic Countries?
In some Islamic countries, the legal binary option is forbidden by some religious experts and they believe it is against Islamic rules.
This issue raises some of the problems in these countries. By social law binary options trading is legal. Some religious experts believe such trading is not legitimate. And in some others idea Is lawful and has not prohibited.
According to the complexity of this issue in Muslim countries, It is recommendable that ask about the legality or illegality trading binary options from religious experts.
Among European countries, Cyprus has a clear rule about binary options and the following organization are responsible for all issues. Are Binary Options Platforms and Activities Legal?
The Cyprus Securities and Exchange Commission (CySEC).
Among European countries, restrictions on binary option activity have not been seeing. In the United Kingdom, binary option activity is common and ok. However, many companies because of tax issues besides high tax system prefer to open their offices in other countries.
Recently Countries like New Zealand and Australia revised in their binary option rule. And ban binary options company activities without an appropriate and suitable license in their countries.