Binary Options Trading in the UK

Aikokita
Aikokita Posts: 8 ✭
in Brokers
I've signed up to numerous brokers, hoping they had a way around the regulations of binary options in the UK to no avail. Is there a way for me to trade binary options and not CFD's on the forex market since the ban came in April 2019? If so how can i trade in the UK? Ive signed up to binary.com and i'm completely verified but im not allowed to trade binary options. Any help would be appreciated as i have went round in circles with different brokers trying to trade. Thanks
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  • The_Geek_MH
    The_Geek_MH Posts: 860 mod
    trading binary is hard in the UK , you may as well stick with CFDs. but you can check out our brokers here, they might be able to help you... https://www.binaryoptions.net/brokers/
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  • Aikokita
    Aikokita Posts: 8 ✭
    Thanks for the reply. I've done a small deposit, when I've got enough profit ill withdraw and let you know how it went.
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  • kwamz89
    kwamz89 Posts: 1 ✭
    I am from the UK too, I was in a very similar position eventually I found spectre.ai ( It is recommended by this site too!)

    Also good cos your withdrawals are instant, they are linked to uphold.com
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  • Aikokita
    Aikokita Posts: 8 ✭
    Thanks. Ill make an account with them.
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  • Hulapointik
    Hulapointik Posts: 46 ✭
    In fact, you can work through vpn with any broker if they're willing to accept you as a client. But here's another question - your safety. Even if you decide to do that, you'd do a good job of checking it out so you don't have to face fraud.
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  • Aikokita
    Aikokita Posts: 8 ✭
    I was thinking of using a VPN but when I tried it last time on expertoption, they wanted kyc documents which would of proved I was in the UK
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  • The_Geek_MH
    The_Geek_MH Posts: 860 mod
    Aikokita said:

    I was thinking of using a VPN but when I tried it last time on expertoption, they wanted kyc documents which would of proved I was in the UK

    which you should expect, financial institutions, especially the legal ones, have a lot of policy they must follow to prevent money laundering.
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  • Aikokita
    Aikokita Posts: 8 ✭
    Ive signed up to spectre. Done a full kyc check and im able to trade.
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  • PhantomLion
    PhantomLion Posts: 1 ✭
    Just be careful with your tradings. Because there may be a lot of scammy brokers you are able to meet.

    Also, I would recommend you to read a lof of information and check up-to-date data in order to analyze the trades in which you are going to participate. As some people mentioned above: you also can use VPN if you are aware of the safety of your personal information like IP addresses etc.

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  • The_Geek_MH
    The_Geek_MH Posts: 860 mod
    VPN will just make your trading lag the market even more, and most brokers won't allow it anyway.
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  • CarlaLuv
    CarlaLuv Posts: 1 ✭

    Is it unwise to let someone trade for you and just look at how the trades are going? I love to be an expert aswell but I made a mess the few times I tried. So far so good, we are making great profits!! I need an opinion.

    ?

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  • The_Geek_MH
    The_Geek_MH Posts: 860 mod
    CarlaLuv said:

    Is it unwise to let someone trade for you and just look at how the trades are going? I love to be an expert aswell but I made a mess the few times I tried. So far so good, we are making great profits!! I need an opinion.

    ?

    yes, its a scam
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