Canadian Binary Options Brokers – an Overview

Canada 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.

All Canadian jurisdictions securities legislation requires that, in most cases, specific registration and disclosure requirements be met. As this relates to the promotion and selling of binary options, broker registration is required in all Canadian jurisdictions. No promoter or vendor obtained proper registration with any Canadian regulatory authority, and binary options were eventually banned in 2017. 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 advise any Canadian investors considering Binary Options Trading to take a look at this CSA website, set up to educate and inform you of the risks to your investment capital.

Non-Canadian traders searching for a suitable broker can check our list of recommended binary options brokers or check the table below.

Top Binary Options Brokers

No.	Broker	Min Deposit	Regulated	Max Payout	Read More
1.		$10	No	95%	REVIEW
2.		$250	No	90%	REVIEW
3.		$250	No	95%	REVIEW

About Recommended Binary Options Brokers

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.

• 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 within minutes of signing up and thanks to their informative trading guides and resources, they are suitable for traders of all experience levels.
• RaceOption – Traders looking for a variety of account features and a straightforward trading platform need look no further. RaceOption uses a simple binary options platform with a hassle-free user interface to showcase a popular list of assets and trading instruments. They offer traders a simple trading experience ideal for new traders, but their hassle-free deposit/withdrawal options, deposit bonuses and trading competitions cater to traders with all levels of experience.
• BinaryCent – require a $250 minimum deposit, but the minimum spend-per-trade is 10 cents. They retain a high payout ratio even on these low investment amounts, therefore Traders who are looking for a broker that will allow them to risk less capital whilst learning to trade, or traders practising a scalping strategy with low-outlay would enjoy trading with BinaryCent.