Binary Options In Canada
The Canadian Securities Administrators, the umbrella group for provincial securities regulators, has announced a complete ban on advertising or selling binary options to Canadians. 
If you trade binary options as a Canadian, essentially you are doing this at companies that are operating illegally in Canada. So to resume things: If you are a Canadian citizen and are located in Canada, you should not trade binary options at any binary options broker whatsoever.
November Special Offer: Get a guaranteed 100% Free First Deposit Bonus at BinaryMate #1 Ranked US Broker: Updated on: 10 June 2017 Written by: There are quite a number of peculiarities about the Canadian binary options market. First of all, the country has one of the biggest binary options markets in the world. But what is baffling is that the country is yet to have laws in place that recognize and regulate the industry. That essentially means that whatever binary options brokers are operating in Canada are doing so outside of the law. Therefore, no Canadian citizens are supposed to be trading in binary options because that is clearly a violation of the laws of the local and national regulators have made regarding the industry. What is a forex.
In short: No binary options broker has a license in Canada at this moment. As such, Canadians should not trade binary options at any broker whatsoever, as all brokers that accept Canadians are doing so illegally. If you see a binary broker that claims that it's allowed to operate in Canada, then stay away, as that's a lie. Morning forex strategy range. If you see a binary broker or a website that claims that you are allowed to trade binary options at brokers licensed in Europe, then stay away, as that's not true.
Trading Binary Options In Canada
You can only trade at binary brokers licensed in Canada. However, as explained, there are no such brokers at this moment, as such, you should not trade at any binary options broker at all if you are in Canada. There are no ifs and buts or maybes. If you are located in Canada, you should not trade binary options. Binary options platform provider. How Canada Regulates its Financial Industry Canada happens to have provincial financial regulators.
Binary Options In Canada
That means that each of the provinces in the country gets to decide what financial industry operators to license and which operators to keep away. Still, as of yet, none of the provinces have given binary options trading a green light. If anything, a lot of regional regulators in the country have been extra vigilant about keeping the illegal binary options operators trying to offer their services in the country away from the residents. At some point, the provincial regulators even began to come together in their effort to keep unlicensed regulators out of the country. Obviously, unlicensed brokers with nothing to lose cannot take the hint. Which is why many come back using different domain names, while others throw in made up regulatory claims from reputable countries to make daring Canadians more confident about using their questionable services.
Binary Options In Canada
This proves that, as always, it is safest to trade in binary options when your country allows it. This way, it is possible to use binary options brokers that have local licenses. Today, there are many well-regulated brokers that can be trusted to provide reliable trading services in countries that have made laws to regulate the industry.