Best Binary Options Brokers in UK

In the U.K., it is legitimate to trade in binary options. Binary options involves trading currency pairs, stocks, commodities, indices and other assets and making profits by predicting their price movements. The trading is done without acquiring ownership of these assets. However, if you are interested in trading binary options online in the U.K., it is important that you pick binary options brokers of repute.

A good number of brokers in the UK are headquartered in Cyprus currently. There are also a few others who operate from the United Kingdom. Many of these brokers allow participation of traders from the U.K. Financial services providers in the U.K. follow regulations set by the Financial Conduct Authority (FCA). For the novice trader it is vital to choose the most reputed UK binary options brokers. Read on to find out information about the most reputed online binary options brokers in the U.K.

Binary Options Trading In the U.K. – Is It Legal

The answer to this question is ‘yes it is legal’ to trade in binary options in the U.K. However, as a new trader, it is always better to check the local laws and regulations that govern binary options trading before investing your hard-earned money. There are many legitimate binary options brokers in the U.K. with whom you can work with.

Binary Options Brokers in the UK – Who Regulates Them
Just because a binary options broker operates from the UK and accepts traders do not mean that the broker has to follow regulations laid down by authorities. Many of the U.K. binary options brokers operate with their headquarters in Cyprus to avoid certain restrictions.

However, it is always better for the novice trader to risk their hard-earned money and work with those brokers who comply with the regulations. Binary options brokers that are headquartered in Cyprus are controlled by the Cyprus Securities and Exchange Commission (CYSEC) which follows the rules that are set by Markets in Financial Instruments Directive (MiFiD). Binary options brokers that are headquartered in the U.K. are regulated by the FCA.
UK binary options brokers also have the choice of following gaming regulations instead of financial regulations. Typically, these regulations are more relaxed. A binary options broker therefore can choose a gaming regulatory authority outside the host country.

Regulations Reduce Fraud among Binary Options Brokers
When you are a novice trader, there are more chances that you may lose your money by working with rogue binary options brokers that do not follow regulations. If you work with those brokers that comply with regulations, there are fewer chances that you will be tricked of you money. This is because the brokers complying with financial regulations have to report transactions on a daily basis to the regulatory authorities. Traders that are registered with binary options brokers that follow regulations are usually observed to trade higher volumes in due course of time. This is because of the confidence they are able to repose on the trader.

Here are some of the best binary options brokers in the U.K. you can work with:

Broker Min.Deposit Features Score Visit Site
24Option $250
  • Min.Deposit : $250
  • Regulated By CySEC, Russian FMRRC
  • Deposit Options: Credit/Debit Cards, Bank Wire, Skrill (MoneyBookers), CashU, Neteller, Sofort, Neosurf, Webmoney, etc.
  • Payouts : up to 89%
9.6Review Visit Site
Binary.com $5
  • Min.Deposit : $5
  • Regulated By MFSA, MGA, MiFID
  • Deposit Options: Credit/ Debit Card, Wire Transfer, WebMoney, Skrill, Netteller, Indonesian Local Deposit
  • Payouts : 80-90%
9.7Review Visit Site
IQ Option $10
  • Min.Deposit : $10
  • Regulated By CySEC, Russian FMRRC
  • Deposit Options: Credit/ Debit Cards, Wire Transfer, WebMoney, Skrill, Netteller, Fasapay, Qiwi
  • Payouts : up to 92%
9.7Review Visit Site

IQ Option

IQ Option was established in 2013. The company, regulated by CySEC, is owned and operated by Iqoption Europe ltd in Cyprus. They take a “no frills” approach and offer binary options trading mainly to Russians and do not entertain clients from the US. IQ Option offers round the clock support on a daily basis to traders in the U.K.

Trading platform: Proprietary platform that supports multiple languages
Demo platform: Available
Mobile enabled: Yes
Trade Types: Classic High/Low binaries
Payout for successful trades: Up to 85 percent
Account types: Real/VIP
Minimum deposit: USD10/USD 1000
Withdrawal: Minimum USD10
Asset Index: Total 78 (Commodities – 1, Currencies – 22, Indices – 6, Stocks – 49)

24option

24option, based in Cyprus, started its operations in 2010. The company is owned as well as operated by Rodeler Limited. Rodeler is authorized and regulated by the CySEC. US Traders cannot open an account on 24option platform. The broker services U.K. customers through a dedicated customer service help line.

Trading platform: TechFiancials platform that supports multiple languages
Demo platform: Available
Mobile enabled: Yes
Trade Types: High/Low, Above/Below; One Touch – Touch/No Touch and High Yield Touch; Boundary and High Yield Boundary; Short Term – 30 and 60 seconds, 2 minutes and 5 minutes
Payout for successful trades: Up to 89 percent
Account types: Standard, Silver, Gold, Platinum and Diamond
Minimum deposit: USD250
Withdrawal: Minimum USD10
Asset Index: Total 103 (Commodities – 11, Currencies – 30, Indices – 19, Stocks – 43)

Binary.com

BetOnMarkets.com, established in 1999 and based in Malta and the Isle of Man, was rebranded as Binary.com in 2013. The company, owned and operated by Regent Markets Group, is regulated in both Malta and the Isle of Man. This broker also does not allow US traders to open accounts on their platform. Their customers in the U.K. are serviced through a dedicated telephone line, email and live chat.

Trading platform: Proprietary platform that supports multiple languages
Demo platform: Available
Mobile enabled: Yes
Trade Types: Rise/Fall, Higher/Lower, Touch/No Touch, In/Out, Asians and Digits
Payout for successful trades: Up to 110 percent
Account types: One account only
Minimum deposit: USD5
Withdrawal: Minimum withdrawal amount not specified
Asset Index: Total 68 (Commodities – 7, Currencies – 13, Indices – 19, Stocks – 29)

Banc De Binary

Banc de Binary, a Cypriot enterprise, was founded in 2009 and is affiliated with ET Binary Options, BO Systems and BDB Services, incorporated in Israel as well as the Republic of Seychelles. The privately held investment firm is headquartered in Limassol, Cyprus. Banc De Binary obtained the license to operate as an investment from the CySEC in January 2013.

Trading platform: Proprietary platform
Demo platform: Available, but can be used only for a limited period after the first deposit
Mobile enabled: Yes
Trade Types: High/Low, Pairs, Long Term and Sixty Seconds
Payout for successful trades: Up to 88 percent
Account types: Bronze, Silver, Gold and Lion Premium Account
Minimum deposit: USD250
Withdrawal: Minimum USD50
Asset Index: Total 173 (Commodities – 8, Currencies – 25, Indices – 43, Stocks – 97)

Anyoption

Anyoption, the binary options trading platform founded in 2008, is operated by Ouroboros Derivatives Trading in Nicosia, Cyprus. Ouroboros Derivatives Trading obtained its regulatory clearance from Cyprus Securities and Exchange Commission towards the end of 2012. U.K. Support number 44-20-35141216.

Trading platform: Proprietary platform
Demo platform: Yes
Mobile enabled: Yes
Trade Types: High/Low, Option +, Binary 0 to 100, One Touch and Long Term
Payout for successful trades: Up to 71 percent for in-the-money trades and up to 25 percent for unsuccessful trades
Account types: One account
Minimum deposit: USD200
Withdrawal: At least the deposit amount specified for your country; there is a fee to be paid if the withdrawal amount is lower
Asset Index: Total 109 (Commodities – 4, Currencies – 17, Indices – 27, Stocks – 61)

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