Binary Options Regulation in Australia

Binary Options Trading is getting back to track in Australia after Australian soccer team returned from Brazil. Now Brisbane, Canberra, Melbourne, Perth, Sidney and other cities can continue with normal lives. In “normal life” you have to be able to buy yourself food, pay your rent and/or utilities, raise your kids and take care of your family. Fortunately or unfortunately there is one tool that makes all this possible and that is, of course, money. In Australia, there are a lot of people that make money trading Binary Options.

As mentioned earlier, Australia is one of the biggest producers of Binary Options traders. There are a lot of Binary Options brokers that want to have attention from Australian market. One of the major concerns for new traders in Binary Options is the legality of  Binary Options Trading in Australia and Binary Options Regulation.

For Australian Binary Options traders it is perfectly fine to trade with brokers that are licensed by European CySec (Cyprus Securities and Exchange Commission). However, more and more Binary Options brokers want to receive the license and also be regulated by the Australian authorities.

Australian authority that is controlling financial markets and Binary Options as a type of trading is called ASIC. ASIC stands for Australian Securities and Investments Commission. ASIC is known as independent government body with duty to regulate companies and financial services to protect clients from Australia, traders, investors and regular consumers. ASIC, in order to protect Australians, even if they are trading offshore is paying big attention in what is going on in Binary Options industry.

As there is no Binary Options broker that does not want to have good reputation in Australian market there are very few records of traders from Australia being scammed. Also, Australian Binary Options traders are well known as traders who trade with biggest deposits, who are well educated and pretty much they know what are they doing. You can realize this when you see the profits that are monthly received by Australian Binary Options traders.

For the majority of Binary Options brokers, main goal is to reach Australian traders and to make Australians choose them as their preferred Binary Options broker and trust them. The most commonly, they are regulated by the European CySec with ASIC also taking its part in controlling Binary Options industry. As it stands now, Binary Options Trading is completely legal way of making money in Australia, so why not to try it?

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