FCA, which stands for Financial Conduct Authority, is a regulator that supervise the operations of the brokers based in the UK. FCA sets the minimum standards for the financial products that are being offered by the binary options brokers. The purpose is to make sure that the brokers in UK offers a safe trading experience and reduce the number of scam cases among traders. The following are the top 3 binary options brokers regulated by the FCA in the UK.
Banc de Binary
Banc de Binary is a reputable broker that has receive several awards including awards for its 5 star customer service and excellent trading platform. The company that is operating the online broker is Banc De Binary Ltd, which has been regulated by CySEC since the 1st of July 2013 and holds the license number 188/13. Their headquarter is based in Cyprus and they accept traders from more than 80 countries around the world.
Banc de Binary was founded in 2009 and it was the first online broker in the world to apply for license from CySEC and get approved. Banc de Binary is also licensed with the British broker regulator, Financial Conduct Authority (FCA) and holds the license number 596375. They offer a rich resources of educational materials, and trading tools to help traders have a better trading experience. Their customer support is attentive in listening to the customers’ feedback and fast in giving an accurate response.
Banc de Binary offers several account types and the lowest level of account, Bronze, has a minimum deposit of $250. The second account level, Silver account has a minimum deposit of $2,500 while the Gold account has a minimum deposit of $5,000. They offer a good payout range of between 60% – 91% on the standard call/put options. You can place a trade at Banc de Binary for as low as $1 and the maximum amount you can invest is $6,000. Read the BancDeBinary Review.
AnyOption
AnyOption belongs to a CySEC regulated investment firm called Ouroboros Derivatives Trading Ltd. Ouroboros Derivatives Trading Ltd. was issued the license number 187/12 by the EU broker regulator, CySEC. The broker is being regulated by the British regulator, FCA and Sweden’s regulator. AnyOption is also regulated by the authority regulator based in Denmark, Finansinsektionen. It has gained a good reputation for processing the withdrawal request fast within the promised time frame. It offers a decent return of 65% – 71% for standard call/put options and they offer a 15% refund for out-of-money options.
AnyOption offers a unique proprietary platform with more than 100 types of options to choose from. There are 3 options types offered on the trading platform including high/low, one touch and option+. The Option+ options can be traded at a fixed return on a selected list of assets. The platform features Reuters market price feed in real time and it supports a variety of languages. The minimum deposit to open an account is $250 and the minimum amount accepted for placing a trade is $25.
AnyOption has a team of customer support representatives that know how to speak 7 languages fluently. The call me back features allows you to enter your telephone number and get a phone call from a representative within 1 hour. There are always staff in the customer support department around the clock so you can conveniently contact them at anytime. Read the AnyOption Review.
OptionWeb
OptionWeb is a well regulated broker that holds license with a number of regulators including CySEC, ACP, CONSOB and FCA. The broker was founded in 2012 and has successfully gain a large customer base because they are professional in many aspects. OptionWeb offers the SpotOption Gen 2 platform that offers a few types of options including classic, pairs, long term, short term and one touch. There are over 180 types of assets you can trade at OptionWeb’s trading platform. OptionWeb accepts a lot of payment methods including credit/debit card, bank wire, Skrill and other e-wallets.
There are six different account levels and the smallest account, Starter account, can be opened with a minimum deposit of just $200. the Standard account accepts traders who deposit a minimum of $1,000 while the Silver account requires a minimum deposit of $3,000. You can open a Gold account by depositing at least $10,000 and the platinum account can be opened with a minimum deposit of 50,000 account. The highest account level, Diamond account is for VIP traders who has at least $200,000 to deposit into the trading account.
The above brokers are FCA regulated and much safer to trade with as they are obliged to follow the guidelines set by the organization. These brokers treat customers fairly and all your transactions as well as the funds in your trading account will be covered. Read the OptionWeb Review.