Trading Binary Options in 2020 after ESMA’s decision to ban them

ESMA is short for the European Securities and Markets Authority, which is a supranational European organization that oversees financial markets and aims to increase investor protection and contribute to the stability of the financial system. Simply put, this EU organization has as members the Financial regulators of EU countries and tries to make financial regulations and the offering of financial instruments equal across all EU countries (convergence) by issuing general guidelines. If you are a Binary Options EU trader you must read our article “Trading Binary Options in 2020 after ESMA’s decision to ban them”!

If you are a retail trader who wants to trade Binary Options with an EU regulated broker, then ESMA’s ban applies to you. The only way for you to trade Binaries with an EU broker is if you are on-boarded as a “professional trader”.

You can continue trading Binary Options as a retail trader if your broker is not from the EU and it is regulated on other jurisdictions!

Few Recommended Binary Options Brokers:

PocketOption Broker – USA, EU, and World Wide Customers Welcome – 50$ Real Money Binary Options No Deposit Bonus

CRYPTOBO Broker EU Customers Welcome – Binary Options No Deposit Cryptocurrency Bonus – 10,000 Satoshi for Free

CloseOption Broker – USA, EU & World Wide Customers Welcome

Many brokers may have a European based company, regulated in Europe, and another company registered in Australia or Malaysia to service each market. As a retail trader, you are able to request an account with one of the other ‘offshore’ or non-European companies, but with the same brand.

For an alternative, many binary options brokers have created similar products to binaries but made them different enough to dodge the ban. These include FX Options. Expect more to follow. While not strictly binaries anymore, many of the same strategies will work.

Trading Binary Options in 2020 after ESMA’s decision to ban them