Top 10 Binary Options helps you find the best binary options trading broker in Belgium. Start trading stocks, commodities, currencies and indices on trusted and safe broker sites.
Binary Options trading is becoming more and more popular and Belgium and other Benelux countries. The reason is simple: people are looking for new ways to make money, and with the many market changes at the moment, binary options offers a great way to make money fast (as fast as 30 seconds).
Before picking a broker, you should always make some research and look for the safest sites, because unfortunately there are many scams out there. There and hundreds of binary brokers that accept Belgium traders, but not all of them are good.
Belgium Binary Options Brokers – Which ones are the safe brokers?
CySec, also known as Cyprus Securities and Exchange Commission, regulates the financial markets and many brokers are CySec regulated. At the moment Cysec regulated brokers are considered the most trusted brokers. Cysec regulated brokers have to adhere to financial guidelines and laws of the European Union.
To make it easiest for our users, we have taken the time to do some research and find the safest and most trusted brokers for Belgian traders.
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What is FSMA – Are there brokers regulated by the FSMA?
FSMA stands for Financial Services and Markets Authority, which is basically the Belgian financial watchdog. There are no brokers that are regulated by FSMA or which are recommended by them, however there are blacklists of binary options brokers. These are brokers that are not recommended by the FSMA due to unauthorized financial services in Belgium.
Furthermore, the FSMA recommends traders the following, in order to prevent fraud and scams:
- Verify the identity of the company. This information should be found on the broker website.
- Check the FSMA and IOSCO (International Organization of Securities Commissions) websites for blacklisted brokers
- Don’t send money to a country that has no connection to the broker company
Other Options Trading Licenses to consider – FCA and MiFID
As said before, Cysec is the most popular binary options broker license. However there are a few other licenses like FCA and MiFID.
FCA – FCA stands for Financial Conduct Authority and it’s a license in the UK. This license is considered to be the most trusted binary license.
MiFID – MiFID stands for Markets in Financial Instruments Directive, and it is a European Union law which regulates investments services like binary options trading.
How to Choose the Best Belgium Binary Broker?
First, you have to find a broker that is licensed and regulated by Cysec. Most brokers are Cysec regulated, however there are a few that are not. Take a look at the broker list above, and you will find the best brokers that are also CySec regulated. These brokers all accept Belgium traders.
Another important factor is the minimum deposit amount. The standard amount is only $200-$300, which is a very low amount when compared to the real stock market.
Another factor is the number of assets and the trading platforms. Fortunately most trading platforms are very stable and user friendly. Also the brokers usually offer 70+ assets, so you will always have a lot of stocks, indices, currencies and commodities to choose from.