legal or illegal in EU Countries

geonex
geonex Posts: 3 ✭
in Beginners Questions
Hello... I am womdering is the binary options trading is legal or illegal here in finland .... can any one tell me about this one...
· Share on Facebook

Comments

  • Okane
    Okane Posts: 1,282 admin
    Hey there! I moved your thread to "Beginners Questions" because
    it was in the Trading Journals room which is for... trading journals.

    Anyway, first welcome!
    Second, you will not be in trouble for trading binary options. Regulators are always after
    unlawful brokers, not their customers. For example, if a binary options brokerage calls you and offers you their
    services, you should check with Finland's financial commission whether they are authorized in your country or if they have
    issued warnings against that specific brokerage.
    Some or most authorities nowadays will warn issues against brokerages that are not registered in their country, even
    if they are good brokers.
    I know, it is a bit messy...
    What I suggest is that you look for EU-regulated brokers, like CySEC and FCA regulated!

    Here are some recommended brokers:
    http://www.binaryoptions.net/brokers/

    I use 24Option there and I live in Sweden, they are FCA and CySEC-regulated and you should be ok.
    · Share on Facebook

In this Discussion