Bans and restrictions in different countries

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  • #1594
    Kate001
    Participant

    Hi everyone! Does anyone have any recent information about bans or restrictions on trading binary options in different countries? I’m curious about the current regulatory situation in Europe, Asia, and America. Which countries currently have bans or restrictions, and how does this impact platform access for traders? Has anyone experienced difficulties when trying to trade from abroad or know of ways to work around these restrictions? Please share your experiences!

    #1595
    Profit max
    Participant

    Hi! I can share some recent information. In Europe, most countries have banned binary options for retail traders, as ESMA introduced this restriction to protect investors. Only professionals can trade with licensed brokers. In the US, binary options can only be traded on licensed exchanges like Nadex, and trading through offshore brokers is prohibited. In Canada, there is also a complete ban on this type of trading for all citizens.

    Recently, Australia has also banned binary options for retail clients — ASIC introduced this restriction to reduce risks. Israel has a full ban on binary options, including for foreign clients.

    There can be issues with platform access, especially if a broker is not regulated in your country. Some people bypass restrictions using VPNs, but this has its risks. It’s usually best to choose platforms that are officially allowed in your country.

    #1600
    Alpha_trade
    Participant

    Hi! In Europe and Canada, binary options are banned, while in the U.S., they’re allowed only on regulated exchanges like Nadex. In Asia, the rules vary. Many traders bypass restrictions through offshore brokers, but this can be risky and not always legal.

    #1610
    OptionKing
    Participant

    In Europe, binary options are off-limits for regular traders, in the U.S. you can only trade on official exchanges, and in Asia, it’s all over the place—some places have strict rules, others are more chill. Basically, check the local laws first so you don’t end up getting blocked.

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Reviews about Quotex

08/11/2024

You can trade here

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08/29/2024

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