Binary options trading Binary options are a form of bet where you try to predict the outcome of events in financial markets. The use of the word ‘binary’ refers to the fact that there can only be two outcomes to the bet. Unlike other forms of gambling, those offering binary options do not have to be licensed by us – they are authorised by the Financial Conduct Authority. Changes to the regulation of binary options From 3 January 2018 UK firms offering binary options must be authorised by the FCA. However, those protections will not compensate you for any losses from trading. You should still be careful and consider whether the products are right for you. The risk from unlicensed operators There is a risk that arrangements which resemble binary options betting or other financial investments could be scams. There are no guaranteed get-rich quick schemes. Beware of cold-calling If you have not requested contact you should not give them any personal information.
Beware false claims about who regulates an operator Businesses offering binary options that have remote gambling equipment in Great Britain need to be licensed by us and are required to display this on their website. Businesses that are not regulated by us may be licensed in other reputable jurisdictions, most of whom will have similar online registers. You should check before registering an account. If the company is unlicensed, consider carefully whether to use them An unlicensed company may be acting illegally. They will not be required to abide by any code of conduct and there is no incentive for them to deal fairly with you. It is easier for unlicensed companies to use false names, addresses and contact numbers and to disappear with your money. Also keep in mind that, just because a business is registered with Companies House, this does not necessarily mean the business itself is operating legally.
Companies House is not regulator and does not verify the legitimacy of company operations. If you lose money the Gambling Commission cannot recover it for you or compensate you. Is Binary Options Gambling or not? Our readers in South Africa sometimes ask is binary options trading same as gambling or are there any differences between these two industries. To majority of population, binary options trading is still relatively unknown field and they don’t have enough information regarding binary industry. Therefore, they search for more info and check if there are similarities with gambling world. Here on Binary Options South Africa, we will try to provide our readers a detailed information about similarities and differences between binary options and gambling industry and answer on question is binary options gambling or not. As stated above, people interested in binary options can see how there are few facts which are alike to gambling, such as risk involved, strategy and excitement during process itself.
Besides that, there is a big contrast between those two industries. For more on is binary options gambling or not, check below in our article. Gambling Definitions To begin with, let us introduce you with several definitions, relevant to this topic. Basically, it explains swapping money for a particular financial instrument. Motivation to win and earn money is the biggest factor. Gaming Risk Both traders and gamers find risk assessment to be the focus of participating on different markets in order to make a profit. So let’s say, you are a gamer and want to know how to profit from playing online casino games.
Since software basically executes entire job and manages the way of odds outcomes, it can be pretty challenging for player to create his own chances to win. Software itself uses random algorithms to create specific odds and it takes a special level of expertise to understand strategies, which can be used to increase odds of winning and achieving high payouts. To master those strategies, a great amount of data is required for players to be able to accurately predict final outcome. This trading risk involves risk in short term period, as in forex, binary options or CFDs and also long term risks. In binary options, risk can depend on several variables. One of them is an underlying asset, such as stock, currency, commodity or index. Risk level depend on the value of an asset that fluctuates as they are being traded in predetermined period of time. This is basically what’s the most important to know for all South Africans interested in binary options trading.
binary option is not gambling
Businesses that are not regulated by us may be licensed in other reputable jurisdictions, to be successful when trading binary options is to read broker reviews to get better understanding of available trading features and check the latest important market news and reports. It is easier for unlicensed companies to use false names; changes to the regulation of binary options From 3 January 2018 UK firms offering binary options must be authorised by the FCA. In gaming world – this can serve as great help to increase chances of winning and have more knowledge in order to accurately predict possible effect that might influence on specific asset. As in forex, what Assets can be Traded using Binary Options? By the above definition, check below in our article. Both short term and long term, they will not be required to abide by any code of conduct and there is no incentive for them to deal fairly with you. In binary options trading; binary industry enables a wide selection of expiry times, companies House is not regulator and does not verify the legitimacy of company operations.