Are Binary Options Legal and Legit

Binary options are completely legal and completely legit for Malaysian citizens, however like a lot of financial industries, binary options are not immune to scam brokers that set up binary option companies with a view of ripping off the public.

Binary options are just like any other form of trading – forex trading, CFD trading, stock trading and option trading – all popular and legal forms of trading in Malaysia. Binary options are one of the newest form of trading. They are popular with people looking to trade various financial markets such as fx, gold, silver, indices, oil, shares and Bitcoin.

To understand how are binary options legal and answer the question is binary options legit we need to look no further than the Government Regulatory bodies and authorities that oversee binary option trading. These are the same financial regulators who have licensed forex trading, commodities trading such as oil trading and gold trading, stock trading and options trading. For example the EU based CySec (Cyprus Security Exchange Commission) was the first recognized Government body to license binary options trading, our highest rated broker is CySec regulated. Similarly to CySec, the FSA (Financial Services Authority) in UK, ASIC (Australian Securities and Investment Commission) in Australia and FSP (Financial Service Providers) in New Zealand just to list a few Government bodies that officially regulate numerous binary option providers.

There are some countries where binary option trading is not yet legal (e.g. China), but Malaysia is not one of those countries, meaning citizens of Malaysia can legally and legitimately trade binary options if they choose to do so.

Now you know binary options legal and legit, the next important thing to consider is how do you avoid a binary option scam broker? Binary option scam brokers do exist, nearly always they will be unregulated brokers based in countries like Gibraltar, Seychelles or Anguilla, places that do not have a high level of oversight of companies operating within their jurisdiction. The best way to avoid getting scammed by a broker is to stick to regulated binary options brokers or only deal with ones that are based in a country that has a strong level of oversight such as the UK. Binary companies that are regulated offer not only security but peace of mind as they are bound to uphold certain criteria such as having liquid funds available, staff training, complaint handling etc and meet other imposed minimum requirements.

To learn more about the most secure and suitable binary options brokers for Malaysian citizens visit the Binary Option Broker page or sign up today with the CySec regulated broker that offers Binary Options for Malaysians.

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