Sydney is the largest city in Australia. It also generates a significant portion of the island continent’s annual income. An integral part of this grand money making machine is a resident community of binary options trading brokers.
Binary options in Sydney is currently enjoying mass participation and cash flow from investors. This is largely due to the availability of binary options trading brokers that are licensed and regulated by the Australian Securities & Investments Commission or ASIC.
The ASIC is an independent body of the Australian government that supervises and regulates financial institutions and services in insurance and credit.This creates a safe financial market for traders and investors to get involved in. Its headquarters are in Sydney.
As a trader, checking whether or not your preferred binary options broker is licensed and regulated is a fundamental element of research. This will need to be discerned before you register for an account with a particular broker.
The licensed and regulated binary options trading brokers currently operating in Sydney are HighLow and Vantage FX. The one that is not regulated is BinaryMate. Let us now take a closer look at these brokers currently operating in Sydney.
HighLow is one of the most internationally recognized and reputed broker firms in binary options trading. This is due in no small part to it being licensed and regulated by the ASIC from the time it was established in 2013. It is headquartered in Sydney.
It currently offers a higher profit per trade, morethan any other binary options trading broker. It offers a staggering payout rate of 180-200%. The amount of assets to trade in number at 25. The trading platform is easy to access and is available as an app for your Android or IOS smartphone. The minimum amount required to open an account is $10 for domestic bank transfers and $50 for Credit cards, Neteller and deposits made is US dollars.
HighLow accepts deposit payment methods such as Credit cards, bank wire transfers and Neteller. All of its clients are entitled to a demo account (worth $10,000 in virtual currency) alongside their live account. It can only be accessed in English, Japanese and Chinese.
Originally a Forex broker, Vantage FX has now managed to obtain a license from the ASIC to be a regulated binary options broker based in Sydney. It is also a well reputed one. It provides traders with an innovative and ground-breaking trading platform which is cloud based.
The platform is also available via apps for mobile devices where traders can access their accounts and place trades. To start an account requires a minimum deposit of $100. The pay-out rate is one of the highest of any binary options broker at 85%. A demo account is available to all traders complete with $20,000 to begin with while only a single live account can be maintained by an individual trader. The languages available with this broker are limited to English and Chinese.
BinaryMate was only recently founded in June of 2016 but it has managed to make its name internationally recognizable within the first year of being launched. Based primarily in Scotland and the Seychelles, it is yet to be licensed and regulated by the ASIC.
However, the majority of reviews so far are positive. Profit returns for traders from this firm can be as high as 95%. While, there is a demo account on offer, the surrounding details are few and more can be uncovered by contacting the firm’s customer service. Customer service, as it turns out, is one of the most outstanding features of BinaryMate. It is one of the first binary options brokers to offer unlimited contact via live video chatting online.
Conclusion – Binary Options in Sydney
If you are a prospective binary options trader based in Sydney, these are your closest and most reputed candidates for a well serving binary options broker. Choosing the best one for you will come down to your individual preferences and how they align with the policies of the broker firm.
So with a healthy amount of research and accurate analysis, you will have a good idea of which one you want to collaborate with and start trading in binary options.