Binary options trading in Hong Kong
When we say binary options trading Hong Kong, the first thing that pops up in our mind is what these binary options are. So, let us first understand what binary options are.
Binary options is a kind of Investment Avenue for earning substantial earning of profits within a span of time. In some countries, it is treated as highly speculative activity or gambling. However, due to the various benefits of binary options, the countries have legalized and encouraged binary options trading. For instance, in developed countries such as US and UK, binary options trading is completely recognized and legalized.
Binary options in Hong Kong has become quite popular in the last few years. It is provided the same level of governance and recognition like the forex trading activity in the country. The traders can earn considerable amount of profit in a short span of time due to binary options trading. Keeping mind its increasing popularity and for providing protection to the traders, binary options was legalized by Hong Kong.
The primary regulatory authority for binary options trading Hong Kong is SFC. SFC stands for Securities and Futures Commission (SFC). This regulator has designed stringent mechanisms for governing and supervising the binary options trading in Hong Kong. In case traders contact unregistered and unregulated brokers to deal in binary options in Hong Kong, they have to bear serious consequences. The funds of traders are at loss and this may discourage binary options trading in the country. Hence, SFC was formed for providing legal cover to the traders in the country.
This regulatory authority has made a compulsory requirement for the traders to disclose relevant details about the company in which the traders are interested to trade in. For instance, if a trader intends to invest in company ABC, then the broker’s responsibility is to share all the relevant and useful details to the trader. According to a search, only contact details of such companies were found with the brokers. This is not suffice for a trader to invest in the company. Hence, it becomes the duty of the brokers to collect and share relevant details with the traders.
SFC is known for its excellent governance measures and regulations. One of its measures is to publish updates about various unauthorized and unregulated brokers who are dealing with clients. Thus, they constantly report unauthorized trading activities in the country. A trader can acquire all the information about brokers from SFC. Similarly, if a trader wants to know whether a trader is authorized or not, then check with SFC. It is the primary job of SFC to publish list of all brokers who are not recommended for trading in binary options. This list is a comprehensive one and is comprised of all the details of a broker.
Thus, it is absolutely safe and secure to trade in binary options in Hong Kong. Binary options trading Hong Kong offers considerable protection and a vital information source to all the traders in the country. Binary options in Hong Kong are regulated by the chief regulatory, SFC.