How To Avoid The ESMA Ban and continue Binary Options Trading in EU in 2022
Even if the European regulator, ESMA placed a temporary ban since 2nd July 2018 on binaries and has maintained it ever since. EU Traders can avoid the ban, however, and continue trading. How To Avoid The ESMA Ban and continue Binary Options Trading in the EU?
Traders actually have a few choices when it comes to trading from within the EU. There are positives and negatives to all of them, but it is possible for traders to carry on, and that is the important thing.
Firstly, trading with an unregulated broker that still accepts EU traders is not to be avoided at all costs because we can still find good and trustfully binary options brokers who work under other jurisdictions. One side-effect of the ban is that many consumers have been inadvertently ‘pushed’ towards unregulated firms and they don’t know which broker is good or bad.
Many reputable brokers have created new products to fill the gap left by the ban. IQ Option created FX Options for example. While these are not strictly ‘binaries’, they share many traits and similar strategies will work on both.
One less well-known choice for traders is to move their account to a regulated arm of their existing broker. That is right, you might be able to carry on with your existing broker…
There are two key points here. Firstly, this is only possible where the broker has multiple regulated brands, in other words, separate brands in each jurisdiction (or off-shore). For example. Some brands have different registered companies, regulated separately – “XXX Europe Ltd” for example, but with “XXX Malaysia Ltd” as well.
It is possible for you to request an account with the Non-EU or off-shore branch of the business. ESMA allows this to happen – but brands are not allowed to market the possibility. The request has to come from the trader, and not be prompted by the firm themselves or marketing sources.
So the ban on binary options does not have to mean the end of your binary options trading.
We choose few trustfully binary options brokers where EU binary options customers can trade binary options:
How To Avoid The ESMA Ban and continue Binary Options Trading in the EU
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- Binary options are prohibited in EEA
- Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions
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