When it comes to financial markets, the US and the European regulatory bodies are generally perceived to be the one maintaining very high standards of vigilance.
Australia, which shares a very close social, political, cultural, and historical relationship with the mainland Europe, has many of their rules and regulations identical to that of Europe.
Thus, traders and investors generally find it comfortable to deal with binary brokers who are regulated by the Australian Securities and Investment Commission (ASIC).
The ASIC has laid strict rules for binary brokers who wish to accept Australian clients. The institution is the Australia’s corporate, market and financial services regulator. ASIC maintains, facilitates and improves the performance of the financial system. Ultimately, this increases the confidence and trust of an investor on an entity, which is the member of ASIC.
List of Top 10 Australian Binary Option Sites for 2022
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When it comes to binary options trading, Australians, and investors in general, have a doubt as to whether it is legal in Australia. Yes, ASIC has clarified very clearly that binary options trading is legal. However, the broker offering the services should be its member. Brokers who are not a member of the ASIC is not allowed to accept Australian clients. The ASIC continues to take strict actions against the brokers who are violating this rule.
Furthermore, ASIC ensures that clients do not lose their funds by any kind of malpractice on the side of the broker. This instills confidence in the mind of a trader who is new to binary options trading. Naturally, to get a membership from ASIC, high business ethics are a must, apart from strong financial backup, highly competent staff, and regular audits.
Leaving alone the legal and regulatory aspect, the different kinds of binary option contracts offered by an ASIC regulated binary broker is no different from the contract offered by a broker operating from some other jurisdiction. Thus, a client will not face any issues in trading, once a suitable binary broker is selected from the list provided herewith. The list provided in this website also details the latest promotions offered by the binary brokers. Thus, selecting a binary broker would be a seamlessly easy experience.
Since the needs and aspirations of one individual are different from another, before making a final choice, a trader should spend some time to go through the additional features offered by various binary brokers. That will enable a trader to make a proper selection and avoid issues in the future.