Trading with binary options is great fun and gives budding traders a chance to earn extra cash in a flash of a second. Once you learn all the basic rules and important strategies for trading with binaries, you will be faced with a crucial decision – choosing the most reliable and secure broker to trade with. Today, we are going to focus our article for a particular group of trading platforms as to its nationality and the region all the websites are based in. We will focus on binary options Canada sphere, where you receive both – a reliable environment for trading with binaries and lots of extras to take benefits of.
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Specifications As To Trading Binary Options Canada
Many people will at first ask – Is trading with binaries legal in Canada? Don’t worry, you will not get into trouble, because this field is well-established and closely controlled by the authorities in Canada. Though, on the other side, we should advise you to stick only to legal binary trading websites, which are officially listed and fully reviewed throughout our site. Thus, you will avoid any Canadian binary scams by sticking with safe and regulated brokers. By doing so, you can be confident there will be no issues for you when participating in this particular side of the financial services market. So in short, if you live or are based in Canada, you can freely trade any type of binary options via the internet. Moreover – binary options websites that accept Canadians provide superb facilities for the trading community and very interesting bonus systems and special promotions.
What Are The Regulations In Binary Options Brokers in Canada?
Since there are no binary options laws, Canadian traders are totally free to trade with brokers located inside and outside of the country. That said, we are unaware of any Canadian based brokers, however there are many reliable brokers who are willing to accept Canadian based Traders. Naturally, the reason is hidden behind the fact that Canadian regulation and controlling agencies are more than just trustworthy to keep the traders safe, as well as to keep the brokers proper and honest enough during their existence. See now the regulation bodies that cover binary options Canada platforms:
Financial Transactions and Reports Analysis Centre of Canada
The Financial Transactions and Reports Analysis Centre of Canada – or simply the FTRACC – is the official regulatory body for the Canadian binary option trading experience. The main responsibilities this agency has to provide licenses for the brokers, as well as to secure the faultless and the secured trading activity for both – the brokerage companies and the trading community. Financial Transactions and Reports Analysis Centre of Canada is also responsible for taking care of all the signals and inquiries as to the safe and risk-free binary options experience.
Ontario Securities Commission
Ontario Securities Commission or the OSC in short is an independent agency that covers Ontario legislation territory. The official FTRACC has approved the presence of the Ontario Securities Commission as an ordinary, but only additional regulator to the Canadian binary options brokers. Mainly, this agency works as a supportive controlling body to the official regulators, but many traders turn their signals to it due its fast work and execution of each inquiry.
British Columbia Securities Commission
As to the British Columbia Securities Commission – BCSC – it is an independent regulator for binary options broker regulator, too. It incorporates up to 10 commissioners, who protect the personal data, the finances and the brokers from different cases of scams or frauds. The binary option market is currently quire popular in Canada, so recently this additional and independent agency has also lots of work to do in order to handle the secured and 100% safe trading arena for the financial market participants.
Binary options Canada are now not only well known and safe, but also very attractive for the fact that they have just appeared and able to add some fresh ideas as to the field. Once you choose any of these amazing binary trading websites, you will that here, there are many new and beneficial privileges and features you are actually unable to see in any other platform around the world.
Very often the Canadian traders are looking for brokers that are regulated from other trusted financial authorities like: