Our site will help you find the best binary options broker in Australia. Start making money with binary options trading with reputable and safe binary brokers. Having the Australian binary options trader in mind, we have put together a list with the best binary brokers for you.
When searching for a good broker, you should always check out some reviews first (you already did this first step by visiting this website). There are a few factors to consider before registering with a broker.
Binary Options Brokers in Australia – Which ones are the safe brokers?
It’s always a good idea to pick a broker that is regulated and licensed. The most popular regulatory agency is Cysec (located in Cyprus, EU). Regulated binary options brokers have to follow strict guidelines, so you can feel safe that your money is in a safe place. Of course it’s not enough for a broker to be Cysec regulated; you should also consider picking a broker that is recommended by us. These brokers usually have been around for some time and proved to be trustworthy. All brokers listed on this page have a great reputation in the industry, but if you need a bigger list of australian binary options brokers then visit http://binaryoptionsaustralia.com/.
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Is Binary Options Trading Legal For Australians?
Yes binary options trading is 100% legal in Australia, and there are no laws forbidding it, so there is nothing illegal about it.
Should you pay takes on your binary options earnings? Taxes are something we cannot help you with. We did our own research and will tell you what we found, however to get 100% correct information, please consult a tax advisory.
Long story short: yes you have to pay taxes on your earnings. You can also deduct your losses.
Will the brokers report you?: brokers don’t have the obligation to report the traders. Especially if you pick a broker that is not registered in Australia then there is a very small chance that you will get reported.
Binary options profits are considered capital gains in Australia. Unlike other countries, Australia does not consider binary options in the gaming tax category. The good news is that there could be a limit from which you have to pay your taxes. This means that if you do not win large sums of money, you may not be required to pay any taxes. Please ask your advisor.
Brokers with Australian Financial Services License
The Australian Financial Services License authorities the brokers to carry on financial services in Australia. One of the brokers that has this license is HighLow.
How To Pick An Australian Binary Options Broker
First of all find a secure broker, as discussed before. A licensed and regulated broker is a good start, but there are good brokers that are not regulated like Finpari.
Decide how much money you want to invest on your first deposit. This is very important because all brokers have different minimum deposit requirements and they all offer a first deposit bonus, which is a one time bonus. For example if you pick a 100% first deposit bonus, then you should take advantage of it and deposit as much as you can afford. You may have a smaller or no deposit bonus on your second deposit, so make sure you get the most out of that 100% bonus.