Binary Options Brokers in UK – Regulated or Not?
In the UK, binary options regulations have been previously said to be regulated by the UK Gambling Commission, which was not actually true, binary options are not yet truely regulated officially in the UK, although only in a limited manner, by the Financial Conduct Authority of UK also known as the FCA. [see: Binary options – potential changes in regulation – fca.org.uk – 2015]. On their website the FCA write: “This means that although the FCA does not currently regulate binary options, firms offering binary options trading which operate as financial services firms in other EEA countries, are able to do business in the UK and consequently appear on our Register of financial services firms.”
Binary Options Regulation UK – Who Regulates the Binary Options in UK
Many Europe regulated binary options brokers have unofficially “passported” their license to operate legitimately into the UK under MiFID law and European Union laws. Although they are not registered under the gambling Commission or officially regulated by the FCA they are still a CySEC (European) regulated firm and as such allowed to have limited regulation by the FCA that includes showing up on the “Register of financial services firms” of UK on the FCA website. [see: Binary options in the UK – fca.org.uk – 2016]. Complaints about unsolicited calls from binary options brokers or about scam / fraud or indecent practice can be made officially to FCA on the page in this link.