Although there are many regulatory bodies monitoring binary options brokers, there is currently no regulatory body in place in Canada. Indeed, the Canadian binary options brokers available to any resident of Canada may be registered with another regulatory body or they may be completely unregistered. As the Canadian governments not yet provide any restrictions on this type of trading it is possible for any broker to offer their services to Canadian residents. Of course this means that you need to thoroughly research any broker befo
re you sign up to an account with them.
Brokers who have achieved licensing with other regulatory bodies, such as CySEC will operate within specific guidelines and are relatively safe to trade with; the following binary options brokers are all worth considering by Canadian residents:
This broker offers an impressive range of educational materials which can assist you in learning the basics of trading or improving your strategies. They even offer the opportunity to learn on a one to one basis. Their personal approach and easy to use platform really set them apart.
- Porter Finance
This binary option broker offers Canadian’s the opportunity to generate fast profits through the very short term contracts. You can trade in as little as thirty seconds and gain returns of up to eighty one percent.
If you are looking for a wide range of trading options then this is the firm to go to. They have over one hundred and eighty assets which can be traded and an array of options regarding adding and removing funds from your account. You can also claim a huge $5,000 bonus when you open their top end account.
If you have a little experience in the binary options markets then you may wish to try the one touch option that this broker offers. Potential return on this type of investment can be as high as five hundred percent and it is certainly more difficult than your standard trades.
- Boss Capital
This broker may have only started trading in 2014 but it’s easy to use software and array of banking options combines perfectly with its practice account and customer service has attracted a large number of traders.
This is one broker who offers their service predominantly to new traders and those who wish to improve their knowledge of the binary trading industry. They have an easy to use system and a good range of assets.
This broker is registered and will ensure your funds are kept safely; in accordance with European financial laws. They also offer an extremely quick payment service to release funds from your account.
- Banc de Binary
This is one of the oldest and most respected binary options brokers. Although they used to accept US traders they are now dedicated to offering their services to traders around the worlds and offer one of the best trading experiences you will encounter.