Once the trade is validated, all you have to do is to wait for the expiry. If you correctly predicted the price movement, you will pocket a 74% profit as per the example. If you are wrong, you lose everything.

If you are reading this article, it is probably that you searched in Google « binary options for dummies », or you found this headline on the social media. I guess you got interested in the subject after you saw some very attractive claims of people saying you can make a lot of money in a very short timeframe. It’s true… but only after you accumulate the right knowledge and a certain experience. But what is binary options, how to trade them, how to get started ? Here is everything you need to know in our digital options for dummies guide.

For every trade that expires "in-the-money", CherryTrade offers 81% payouts. In addition, if you trade One Touch Options or Ladder options, you can earn lucrative payouts of as high as 550% and 1500% respectively.

Because Canada has no laws regulating this type of trading, it becomes difficult for any Canadian trader to get help from the concerned authorities when she or he wants to get involved in this type of trading. This then exposes a very critical area that the Canadian authorities need to regulate, and that is dealing with the question of whether binary trading should be regulated as internet gaming or if it should be treated separately as a trade in real securities. With this in mind, any Canadian willing to trade in this area should be extra careful when dealing with external brokers and wisely choose with which trader to deal with. The reason is that it can become an onerous task to retrieve back your money when your regulator does not have any control over the transaction.

Canadians have the option of trading with external brokers due to the simple fact that there are no regulated broker in Canda . More needs to be done in terms of regulations in order to encourage the growth of local brokers. This therefore makes most Canadians to be subjected to regulations of other external regulators since most external brokers will operate under the jurisdictions of the countries in which they were registered. Most of these brokers are easily accessible and operate under the approval of jurisdictions in either the US or the European Union.

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This type of trading, which is classified as exotic options in Canada , is easily accessible to any Canadian trader as a form of investment. Due to its increased visibility in the market, binary options have experienced a rapid growth in the recent past and Canada is no exception. Many reputable online brokers have sprung up in the Canadian market and this has aroused a significant amount of interest from the Canadian citizenry. It is in this light that the Canadian Securities Agency (CSA) was formed.

It is an umbrella body that encompasses securities regulators of ten different provinces and three territories in Canada . Its core mandate is to streamline the capital markets in Canada to be at par with that of other countries which are leading the way in this type of trading practice. However, the organization has no laid down structures in place which can enable it to effectively regulate the binary options market in the country . So much work has to be put in this organization in order to make it meet international standards in terms of regulating this type of trading in its own jurisdiction.

As opposed to Canada, some countries including the US and Cyprus have fully regulated the binary options business. To an ordinary Canadian, understanding these laws can be confusing since most of these laws are ever changing. The regulations are also country specific with various countries having their own regulating principles. Many binary options brokers are usually licensed in their own countries under their jurisdiction and start to extend their trading activities to Canada. They may license as binary options brokers or as internet gaming brokers given that all these fall under the speculative market.

Classic : The minimum deposit required is 200 currency units, and it comes with a welcome bonus of 20%. Pro : The minimum deposit required is 2500 currency units, and offers 35% welcome bonus. Gold : You need to make a minimum deposit of 6,500 currency units to get this account. It has 70% welcome bonus. VIP : The minimum deposit required is 50,000 currency units, and comes with 50% welcome bonus. Corporate : The minimum deposit required is 100,000 currency units. The welcome bonus is 30%.

For safety purposes , it is recommended that traders should ensure that they engage with only licensed , trustworthy and reputable brokers who apply honest trading practices. Licensed operators provide the guarantee that they are operating under specific regulations and are therefore the best entities with which one can trade. Unlicensed operators have the potential of putting traders at risk of fraudulent activity and should therefore be avoided. Focus should therefore be centered on highly reputable binary options brokers who offer a variety of options and who are licensed in their respective area of jurisdiction.