If you are a trader from the UK, you should look for an FCA Regulated Binary Options Broker. We will help you find the right broker for you.
The fairly young online binary options industry growing in leaps and bounds has already had its share of booms and bursts amongst brokers. To stem the tide and usher in much needed sanity to the binary brokers industry, several regulatory bodies are currently stepping up.
One such body is the Financial Conduct Authority, FCA UK. It is the sole supervisor of broker(s) operating/operations based in the UK. UK law empowers the FCA to establish rigid standards for financial products offered by binary options brokers, and more importantly, actively monitor these financial products.
The FCA has the legal backing to launch inquiries at will against brokers suspected of foul play and even ban their operations in the UK if they are found wanting.
Therefore, acquiring and maintaining an FCA UK license is a true mark of excellence, premium service delivery, and signifies a higher than average degree of safety/reliability.
Top 3 Binary Options Brokers Regulated by the FCA
Year Founded: 2009
Minimum Deposit: $250
Minimum Tradable Amount: $1
Payout Rate: 60% to 91%
Number of Assets: 190+ Assets
Banc De Binary is one of the better-known binary options brokers, dabbling into the arena when there just weren’t many gladiators yet in 2009.
They have made a name for themselves by an enthralling trading platform and excellent customer service—two core elements of leading binary brokers that has gotten them multiple awards.
As one of the leading brokers in the industry, Banc de Binary is in the habit of picking many licenses with various regulatory authorities to cement their place as a trustworthy broker worthy of your capital.
Banc de Binary already has a license from CySEC (the Cyprus Securities and Exchange Commission that regulates brokers in Cyprus). They acquired it in 2013 and the license number is 188/13. Couple of months later, they got their license from the Financial Conduct Authority—their license number is 596375.
Beyond satisfying the stringent requirements necessary to acquire these licenses, Banc de Binary offers compelling Binary Options offerings. Their minimum deposit of $250 offers a reasonably low bar for entry.
If you’ve got more money to invest, the broker lines up more deserving perks to maximize your chances of making more money. These perks include trading alerts and event analysis, bonus protected trades from an account manager, and even a smart money management plan to better protect your capital, amongst others.
These perks are available on the higher account levels. These account levels are:
- Silver Account: $2,500 to $4,999
- Gold Account: $5,000 to $9,999
- Lion Premium Account: $10,000+
How much money do you make exactly if your trade ends in the money? Depends on the asset, but the range is from 60% to as high as 91%. The exciting part is that you can place a trade with as low as $1 and a maximum of $6,000.
It’s not all call and puts though, Banc de Binary invests a good deal of resources into providing educational materials, and trading tools to help traders improve their skills. Free video courses are available and they have a library of written articles on all aspects of trading and analysis.
Customer support agents are not just always available round the clock: More importantly, Banc de Binary reps listen attentively to your complaint and in return give timely responses that are accurate and helpful.
With such terrific customer service, you would be able to concentrate on your trading with the knowledge that should you run into any quirks, a prompt, knowledgeable response is only a chat or call away.
Year Founded: 2008
Minimum Deposit: $250
Minimum Tradable Amount: $25
Payout Rate: 65% to 71%
Number of Assets: 200+ Assets
AnyOption is another top gun that has managed to stay afloat and actually maintain her relevance and reputation in the heavily crowded broker industry.
The AnyOption brand belongs to Ouroboros Derivatives Trading Ltd, an investment firm with a valid license from CySEC—license number is 187/12.
In what is now a sort of license-acquisition race, AnyOption has operating licenses/registered with national regulators in THIRTY (30) other European countries including the UK’s regulator – FCA. From all indications, the license grabbing is bound to continue.
If AnyOption’s registration with 31 European regulatory agencies doesn’t spark your interest, then its reputation for timely processing of withdrawal request should be an irresistible head-turner.
Payout rates are decent with a range of 65% to 71%, and here is the interesting bit, up to 15% refund for out-of-money trades.
The trading platform offers three option trading types—one touch, high/low, and option+. Minimum deposit is $250 and the minimum amount you can use for a single trade is $25.
You can keep up with real-time price data thanks to an arrangement with Reuters to provide real-time market price feed. This feed is available in multiple languages.
Talking about multiple languages, AnyOption has a diverse team of custom care reps that communicate fluently in up to 7 languages. Furthermore, you could avail of the “call me back” feature that let’s you leave a call-me-back request and then receive an incoming call from one of AnyOption’s courteous reps within 1 hour.
Year Founded: 2012
Minimum Deposit: $200
Minimum Tradable Amount: $5
Payout Rate: Up to 90%
Number of Assets: 180+ Assets
Compared with the other two brokers on this list, OptionWeb is a new kid on the block. However, they have gone on to establish quite a name for themselves.
OptionWeb is the trading name of Lionsman Capital Markets Ltd, an investment firm already regulated by CySEC with license number 175/12. Currently, OptionWeb has acquired licenses from ACP (France’s Regulator), CONSOB (Italy’s regulator), and the FSA.
It offers its four types of options on a SpotOption Gen 2 Platform. Over 180 assets are available and you could make deposits and withdrawals with multiple channels including several e-wallets.
OptionWeb offers a beefed-up suite of accounts ranging from $200 accounts to $200,000 monthly interest based accounts with exceptional benefits. These benefits are: 24 hours withdrawal, up to 90% payout, VIP area, direct line to an accredited senior analyst, amongst others.
These account types include:
- STARTER: $200 to $999
- STANDARD: $1000 to $2999
- SILVER: $3000 to $9,999
- GOLD: $10,000 to $49,999
- PLATINUM: $50,000 to $249,999
- DIAMONDS: $250,000+