Canadian Binary Options Brokers

Canadian Binary Options Brokers – an Overview

CanadaCanada was one of several countries where there was no legalisation in place for Binary Options trading. That is until mid-2017, when a review of investor losses and illegal broker operations had highlighted cases of fraud against investors by unscrupulous brokers. This led to a new governing body being formed. Prior to May 2017, the ten provinces and three territories in Canada were each responsible for their own securities regulation. Since May 2017, we welcome the Canadian Securities Administrators (CSA), a body setup to safeguard investors residing within Canada, by introducing a harmonised approach to securities regulation across the country. This incorporates a division called the Binary Options Task Force (BOTF) to further safeguard investors. This regulatory arm is Chaired by Senior Fraud Investigator, Jason Roy of the Manitoba Securities Commission.

As it stands, all Canadian jurisdictions securities legislation requires that, in most cases, specific registration and disclosure requirements be met. As it relates to the promotion and selling of binary options, registration is required in all Canadian jurisdictions. To date, no binary options promoter or vendor has obtained proper registration with any Canadian regulatory authority. As such, any current promotion or sale of binary options to Canadians is illegal. As such, we do not promote binary options trading to Canadian investors. We strongly advice any Canadian investors considering Binary Options Trading to take a look at this CSA website, setup to educate and inform yourself of the risks to your investment capital.

Non-Canadian traders looking for a suitable broker can see our list of trusted and regulated brokers by CLICKING HERE or looking at the table below.

Top 10 Trusted Binary Options Brokers

No. Broker Deposit Regulated Payout % Review
1. $250 No 91%

Review
2. $10 Yes 91%

Review

Recommended Binary Options Brokers for all Traders

Many of the brokers reviewed by us have obtained full operating licenses and are regulated within recognised jurisdiction. We are also confident that all showcased brokers are of the very highest standard, however we always encourage traders to conduct their own research to ensure that you do not deal with any unscrupulous entities.

  • Finrally – Traders looking for a variety of account features and a straightforward trading platform need look no further. Finrally uses a great binary options platform with a simple user interface and a popular list of assets to offer traders with a simple trading experience. The broker is mainly geared towards trader education and new traders, but traders of all levels are welcomed.
  • IQ Option – This brokers’ strategy to provide traders with great value with a minimum deposit of $10 and a minimum trade size of $1. We recommend IQ Option highly, as their state-of-the-art proprietary trading platform is straightforward and fully regulated in multiple jurisdictions. You may place Binary Option trades in minutes and thanks to their informative trading guides, they are suitable for all traders.

 

Unregulated Binary Options Trading is illegal In Canada.

There are currently NO Binary Option Brokers that hold a valid license to operate in the country.
We will notify you as this changes.