So with the rise in the banning of binary options. Here is a post on iq Option countries you can’t trade in. Remember this is a list of countries that you cannot trade using iq Option as a broker. It is NOT a list countries that has banned iq Option as a whole.
So firstly the list of iq Option Countries that you can’t Trade in:
Now for some updated news on which countries are banning binary options, and why…
So basically guys binary options is heading in a negative direction. Sad part is, the legit brokers also gets affected. Some brief background to this is, there are so many unregulated brokers out there together with increasing popularity in the industry we get increased However it would be best to go with which ever broker is regulated by your national financial board. Yeah some brokers are CYSEC regulated but at times of real dilemma’s you have a better chance in getting your complaint resolved or death with a national regulation board.
Binary Options trading is legal in most countries, except: Israel & France as far as I know . These countries have banned binary options outright. (anyway Israel is the place where most of the unregulated brokers came from). Hence its good they took such a stand. So far there are talks that few other countries are discussing current law and regulation. My two cents, I do see countries following suit soon as the industry is truly been overwhelmed by scam activity.
So to you the trader (to be) I say this: Please do your checks and balances don’t fall for false advertising, or trading gurus and such.
Be patient, research and ask yourself is this really for me? Do I have the necessary mindset, skill and understanding? Am I aware that I can lose all my capital?
Once you determine your stance. Then go for it. But I urge you to please look for a broker that is regulated by your countries national financial regulatory body. Be safe guys.