Binary Options Trading – FAQs

Binary Options Trading in UK!!!

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For UK investors, trading with binary options is a tax free form of investment with very quick results, minutes rather than months or years. The word binary is used because there are just two possible outcomes, either the trade is successful, and the investor gains a significant return (usually between 75% to 95%) – or the trade is unsuccessful, and the full investment amount is lost.

In recent years, however, European regulators have prohibited the sale or promotion of binary and digital options to retail investors in the EEA. This includes the UK. Only professional clients or professional accounts are now permitted to trade binaries with regulated firms. A professional trader must meet 2 of these 3 criteria:

=> Open at least 10 trades of ‘significant size’ per quarter (brokers define ‘significant’ differently)

=> Own a portfolio or trading capital of €500k or more
Have worked for 2 years in the financial industry, or have experience with complex trading instruments.

=> Unregulated firms may not adhere to the new ESMA rules, and will continue to accept UK traders. This does increase risk for the trader, and makes finding a trustworthy broker even more important.

It is however, possible to find brokers regulated outside of the EU that will accept EU traders, and are still regulated by respected bodies.

So ‘binaries’ (or ‘digital options’) are a high risk form of investment, but that risk is offset by the potential for very high rewards with minimal waiting time. Most brokers are regulated, offering consumers the sort of protection they would expect while using financial instruments of this type. Returns from binary trading are also currently viewed as tax free by HMRC.

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