Binary options trading in the UK has understandably binary option trading uk very popular in recent times. It’s easy for many to trade in the United Kingdom without restriction other than paying local taxes. For those looking to invest, it is essential to make sure your broker is safe and reliable.
Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose. Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers. If you’re in the UK, most traders would expect to see an office based in London at a familiar address among all the other financial institutions.
Licensing And Regulation UK regulation is highly regarded, but there are also many other hugely reputable licensing bodies. Often the best brokers originate in Europe or Australia, and there are plenty to choose. Mobile Trading Tools Ease of use of the platform and whether it is mobile friendly is a huge consideration. You need to make sure that the platform is compatible with your phone or tablet and that you find it easy to navigate. Demo Account Features The demo account is a huge benefit for both new and experienced traders. If you are new to trading it allows you to get acquainted with the functionality, the various assets and trade types and the different charts, data etc. If you are more familiar with trading, it offers you the opportunity to try new things.
Bonuses And Incentives Like a demo account, a bonus also gives you the chance to get better at trading. Whether it’s a no deposit bonus to get your first trades free or a deposit bonus to make your money go further, they will both save you money. We have put together a list of recommended brokers based on our experience and knowledge of the UK binary options market. The tireless efforts of our experienced and skilled team will help you to make a more informed decision when it comes to choosing the right broker for you. Broker Fees And Tax Like earnings in most countries when trading binary options, the UK government officials state profits gained are subject to income tax by HMRC.
If an individual pays their salary tax through PAYE, any additional income gets declared through self-assessment. It is the responsibility of the individual to self-assess and declare this income for the appropriate tax year. Trading options are not subject to any fees. The amount of profit an individual makes gets calculated and rewarded to the individual as stated in their payout terms. The individual may encounter small fees if trading in a foreign currency and may incur the weakness of one currency converted to another.