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Binary Options Trading Platforms
Binary Options Trading Using ASIC’s Rules Australia is considered a major trading hub in Asia, and that is why brokers target the country’s expanding population of traders. An Australian binary broker was behind the development of the first MT4-binary trading platform, offering binary options contracts on the famous MetaTrader platform. This opened the door for similar products that dot the market today.
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Binary Options Trading Plan. Just like anything else, there are some necessities that should be met for binary option trading. While all other guides will help you with how to trade and what are the exceptions for binary options, this guide is specifically designed to let you know about the rules and conditions required for binary option trading. Binary options trading is an art While many strategies and technical analysis rules may look as if they can promise secure binary options trading outcomes - one thing is sure, trading is not a science that has fixed rules (at least not the ones that are easy enough for us to grasp).
Opportunities therefore exist for Australian traders to make money trading binaries. However, the Australian regulator has come out to put in place certain regulations to safeguard Australian investors from unscrupulous companies.
The likelihood is that binary options trading will continue to increase in popularity in the foreseeable future. There are hedge funds that primarily focus on binary options trading. Recently, regular forex brokers have added binary options trading platforms for their clients. Binary options basics. In the forex markets, binary options trading was initially only available through specialized brokers.
Binary Options Trading in Australia Australia’s financial markets are regulated by the Australian Securities and Investment Commission (ASIC). Every financial services company in Australia is required to have an Australian Financial Services License (AFSL) to be able to offer investment products to the public. Binary brokers are not exempted from this stipulation. ASIC requires any offshore binary broker that wants to target Australian traders to get the AFSL license and open a physical office in Australia (not just having local agents).
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Binary Options Trading Etrade
This is because ASIC wants to ensure that any binary options broker that wants to do business with Australian citizens must operate under the same rules and conditions as the other companies already located in Australia. “Simply said, ASIC wants the same rules to apply to everyone for better control and regulation of the markets.” In furtherance of this objective, ASIC has signed agreements with CySEC and the FFAJ, the regulators in Cyprus and Japan, to stop brokers in these jurisdictions from advertising their products to Australian traders and instead, comply with the directives issued above. That is why it is not unusual to see a few brokers carrying multiple licenses that reflect the positions of these regulators in stopping cross-border advertising of binary products. Presently, the trading of binaries in Australia is very legal, and ASIC has gone several steps further to ensure that traders get the best information about binary options. To this end, ASIC has a financial guide website for traders known as MoneySmart.