What you need to know about binary options in Belgium

Whether in France or elsewhere, trading binary options has become a popular practice for making money online. In particular, Belgian residents are not excluded from this trend and, moreover, many brokers offer their services in the country. But what is the regulation applied and who are the regulated brokers in Belgium? Follow the guide

Local regulation

Like many European countries, Belgium has its own financial control body. This is the FSMA or Autorité des services et marchés financiers, which works closely with the National Bank of Belgium. The main task of this autonomous institution is to regularize the market in the territory and, particularly in the field of stock market speculation, it ensures that the rules established are respected by the players. Among other things, the FSMA requires brokers to inform traders about all their services and to apply security measures in their transactions. In the event that the broker violates the rules, he or she can then obtain a warning and be closed by the organization. Traders in Belgium have nothing to fear, provided, however, that they choose a well regulated broker. Moreover, the FSMA already facilitates their task by regularly publishing the list of legal and illegal brokers in the country. Its blacklist includes the Ikkotrader369, AJ Browder Capital and Banq of Broker platforms, managed by IP International Service and Trading Corporation.

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Binary option brokers authorized in Belgium

As for regulated brokers in Belgium, traders have a wide choice ahead of them. Since the binary option became popular in the stock exchange sector, many portals have indeed landed on the market. Thus, those who wish to trade safely in the country can opt for 24Option, AnyOption, Web Option, or Top Option, which are the must have in Europe. They can also launch BDSwiss, Binary Bank, Option Fair, Opteck, IG, or IQ Option, which are well regulated in Belgium and other countries in Europe. Trading conditions are, of course, different depending on the platform chosen, with minimum deposits ranging from just €10 to €250. With portals such as Binary Bench or IQ Option, it is also possible to open a position from €1. These binary option brokers also welcome both beginner and advanced traders. In accordance with current regulations, they are also required to secure its members’ funds throughout the transactions.