You will also update you with the last news on the binary option industry to help you identify the best binary option trading tool and binary option strategy. We might even recommend you to buy binary options on a specific asset and will provide you with all the arguments and technical indicators supporting the related binary option trading strategy.With the tremendous growth of the World Wide Web in the past decades, online trading has not only become a viable option but also a very profitable one. The world of trading saw a major movement towards digital platforms in recent years, which has made it possible for binary options brokers to start offering services across the globe. The online trading of binary options has become a way to make quick returns in the comforts of ones home and brokers are thriving on the back of this success as more traders are looking to get involved in this type of trade.Binary options are a highly sought after investment method in the United Kingdom. In fact, the UK was one of the first countries in Europe to finally address the legalization of financial betting. Since the UK was one of the first countries to get involved in the regulation of Forex trading in the past, it was only natural that it would also be proactive when binary options surfaced. UK investors are constantly searching for ways to gain additional income, and with the markets current volatility and the lingering financial recession throughout Europe, trading binary options has become an attractive way due to its simplicity, high profitability, and 24-hour trading online access.With any financial investment, traders are concerned about conducting legal transactions and ensuring that their invested dollars are handled safely. Since trading binary options occurs online, a completely new set of challenges and risks arise from a safety standpoint. However, investors from the UK can rest assured in knowing that binary options are legal to trade within the country. No regulatory body is currently limiting which brokers traders are allowed to sign up with, which means that they can choose to trade with UK brokers or others from across the world.The laws pertaining to binary options in the UK are very similar to other laws on financial betting across the European Union. As such, there are no concerns over legal issues but rather licensing issues with brokers who may not be regulated by any financial authority body.Regulation is one of the very few tools traders have to know if they choose to invest with a safe and fair broker. It serves a very specific purpose, which is that of companies operating within the binary options market having to offer honest dealings to consumers. With regulation, traders money is kept in segregated accounts, which protects it from possible fraud. Regulatory agencies ensure that everyone conducts business according to a specific set of rules and anyone diverting from that is normally subject to sanctions.In the UK, there are a few agencies in charge of regulating financial betting. All agencies work in conjunction with each other to keep a close eye on the online trading market and brokers activity. Prior to April 2013, the UK had the Financial Services Authority (FSA) but the organization was disbanded as the government created two other authorities.The FCA is in charge of developing new regulations and guidelines that are to be followed by all binary options brokers operating with the UK. In return, the FPC is tasked with ensuring that all binary options brokers licensed to operate in the UK are compliant with all rules and regulations.The splitting of the FSA into two distinct agencies has worked favorably for the binary options market and investors as it allows for more transparent regulating of the industry. The UK government thought that by having two separate entities, the UK financial service market would improve and better serve its consumers.Two types of licensed binary options brokers operate within the country. The first group of brokers operates under a license issued by UK authorities, while the second group has licenses obtained from another European country. The difference between the two types of license is minimal. In fact, since both licenses fall under European Union laws and rules, either license is valid.Since the laws and regulations pertaining to binary options within the UK and Europe (on a larger scale) are clear and strict, any broker that operates without a license should be viewed with a suspicious eye. Unlicensed brokers attempting to recruit UK traders are most likely a scam.As mentioned above, the FSA no longer exists since April 2013. However, traders from the UK now have even more options when it comes to resources about binary options. Although trading binary options is relatively simple, it is normal to have questions about the rules, brokers, and legislations from time to time. As an investor, you should not be shy about contacting the following agencies as they are in place to help protect you and are always happy to answer questions.The Financial Conduct Authority (FCA) aims to get consumers to participate in financial markets across the UK with confidence and trust in the products and brokers with whom they engage. FCA regulates brokers, firms, and financial advisors to ensure markets are stable. Transparency is an important mandate of the FCA and as such, fair and easy to understand pricing has been the focus of intervention in recent months.In regards to regulation, the FCA is responsible for the conduct of over 25,000 financial firms across the UK. In addition, it also regulates the prudential standards of approximately 23,000 of the firms. The FCA also takes protecting the consumers to heart and regularly puts forward strict rules in order to prevent traders becoming victims of scams or other unfair practices.The Prudential Regulation Authority (PRA) was created in 2012 by the Financial Services Act.
