Binary options has become highly popular among Australian traders. The opportunity to embrace the combination of simple trading and high payouts has seen an increasing number of people try their hand with this trading approach.
As the popularity of Binary Options has increased, so too has the number of brokers to trade with. There are now in excess of 100 different globally based brokers that you can use. These will willingly accept Australia clients to their books.
|Company||Bonus||Min Deposit||Min Trade||Max Trade||In The Money||Out The Money||Regulated||Visit|
|200||$10||$1500||70-81%||0-10%||No||Visit NowRead Review|
|Tiered Bonus||200||$10||$5000||75-85%||Sell Back||No||Visit NowRead Review|
Best Brokers For Aussie Traders
For individuals residing in Australia and its surrounding territories, there is no restriction to trading with Binary Options. Traders in this region get access to a full range of markets in addition to all features expected of a broker. These include assets from a range of Forex pairs, Stocks, Commodities and also several Global Indices.
Getting started simply requires registration with a broker. This is where Aussie traders are spoiled for choice. All the most popular binary options brokers in this marketplace publish their websites and literature in English. As a result accessibility is not a problem. You won’t find any barriers to finding the information needed to set yourself up and running with an account.
- TR Binary Options – Regarded as a highly established broker. TR Binary Options is one of the top Australian Binary Options Brokers. It was one of the first brokers to offer 60 second contracts. It was also one of the first to provide traders with dedicated mobile trading apps. Importantly this broker allows you to operate and trade your account in AUD. This makes it a good choice traders based in Australia.
- Boss Capital– While this company is a newer entrant into the market this is not a negative. It is fast growing and becoming increasingly well recognized. The trading platform is based on the TechFinancials white label. This offers an alternative to TR Binary Options SpotOption solution. It is also Australian trader friendly. You can operate your account in the local currency.
Registration and account opening is free and can be carried out online. It just takes a few simple steps. However a common trading mistake is to think that you won’t need to submit identification details. Due to data protection and anti fraud measures, you will have to confirm your identify. This is just a one time step. Consequently it will allow you to link your funding and withdrawal method to your account.
One area that you might want to think about is how you operate your account. Brokers almost universally offer the US dollar as the base currency for account operation. There are however a limited number of brokers that will allow you to transact on your account in Australian dollars. If this is an important requirement then be sure to look for a broker that offers this – see pick above.
If you are new to trading you will find a wealth of materials on offer from your broker. These will help to get you up and running if you are ‘newbie’. Commonly available resources include eBooks and videos. You will also receive information introducing you to the various features of the dealing platform.
In addition many brokers now offer access to regular free trading signals. In addition will also find free analysis and personal mentoring. This can be useful if you are stuck for trading ideas. Ongoing support and assistance is also at hand if you run into any problems.
Financial Regulation In Australia
Most brokers accepting clients in this region come under the banner of CySEC regulation. It should be noted however that Australia has its own financial regulator. The Australian Securities and Investments Commission (ASIC) is responsible for monitoring the activities of all companies operating within the financial sector.
The remit of this governing body is to protect the interests of all parties involved in a financial transaction. It does this by ensuring that activities are carried out in a transparent manner. Companies are expected to deal with their clients in an honest and fair manner when conducting financial transactions.