Australia Binary Option Brokers
In Australia, trading binary options has become very popular. Many Australians are seeking an ASIC registered binary options broker, instead of a broker solely regulated in Cyprus by CySEC. The good news is that there are currently brokers available for residents of Australia.
The ASIC Australian Securities and Investments Commission is the regulatory agency responsible for regulating binary option brokers. Many Australians trade with unlicensed brokers or with brokers that are licensed in Europe by the EU. There are a few brokers who actually licensed by ASIC.
Recently the ASIC Commission released this statement on trading with unlicensed brokers:
ASIC Commissioner Cathie Armour said, ‘ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.
HighLow is licensed & regulated by Australia’s ASIC. HighLow is the most popular licensed broker for binary options in Australia. They use the Markets Pulse trading platform which offers up to 200% return, read more.
Traders looking for an automated trading software
should read about the Binary Option Robots.
The binary options industry started in England back in 2008, and the European Union was the first financial regulatory body to regulate binary option brokers. Many brokers did not initially see Australia as a very large market, but since then, the demand for Australia regulated brokers has increased and now many of the large European brokers regulated by CySEC are in the process of attaining licensed from ASIC.
Australian traders will soon have many licensed binary option brokers to choose from.
Many Forex brokers have added binary options as a new product. Most of them offer it under a different brand name and a different website. The reason is, binary options trade on a different platform not the typical Forex platforms.