Binary options Hong Kong – regulation & legal information. The first thing you might want to know is whether it is legal to trade binary options in HG. I have good news for you, yes it is. The only regulatory body for binary options and forex in Hong Kong is SFC (Securities and Futures Commission) Numerous binary options brokers are eager to break into the Hong Kong market, but not all are to be trusted. If you are living in Hong Kong and reading this guide, then you most likely have money to invest and are looking for the type of opportunity that requires little knowledge, provides an entertaining way to spend and of course, will potentially increase your blogger.comted Reading Time: 10 mins 14/9/ · Binary options have been legalized in Hong Kong, considering the steady rise in options trading and its lucrative profit-making potential. It has been provided the same governance level and acknowledgment as other trading activities in the country
Hong Kong: Binary Options Trading - Regulation |
A former British colony, Hong Kong is one of the top binary options hong kong leading financial centers around the world. It also plays host to hundreds of fund management companies hence earning Hong Kong the title of having the largest concentration of fund managers in this part of the world. Hong Kong has a one of the highest living standards in the region.
The high quality of life, binary options hong kong, strong and transparent legal system coupled with a favorable investment infrastructure has made this city a top destination for expats. The low tax regime and favorable tax treatment of foreign source income that is remitted to Hong Binary options hong kong has helped to contribute to the popularity of online binary options trading in Hong Kong.
Traders who make a profit trading binaries in the overseas market do not have to pay taxes on the gains that they make.
Nevertheless, questions remain as to whether binary options trading in Hong Kong is legal. As mentioned earlier, there is a lack of binary brokers that are based in Hong Kong. To overcome this hurdle, binary options hong kong, a trader can instead look for a regulated firm that is based offshore. To help traders find a reliable and regulated broker to work with, we have compiled a list below of those operators that are regulated and have earned a good reputation for reliability.
While there are several regulatory agencies in Hong Kong, Hong Kong Monetary Authority and the Mandatory Provident Fund Schemes Authority that are responsible for regulating the financial industry in Hong Kong, the main body that is tasked with regulating the securities and futures markets in the territory is the Securities and Futures Commission.
Established in after the market crash of Octoberthe SFC was tasked to ensure the stability and integrity of the securities and futures markets. It is also responsible for protecting investors and the promotion of Hong Kong as a leading financial center. While technically the SFC is a branch of the Hong Kong Government, it operates independently under a comprehensive Binary options hong kong and Futures Ordinance SFO.
Primarily, its area of responsibilities include:. However despite the close scrutiny that the SFC has over the Hong Kong financial markets, it does not have binary options hong kong legal framework for overseeing binary trading in Hong Kong. Normally before any financial services provider can operate out of Hong Kong, it must first be authorized and licensed by the SFC.
However the problem faced by the SFC is the same as that which most financial regulatory bodies are encountering when trying to license binary options trading in their country. This trading type being a relatively new market innovation suffers from a lack of clarity with its legal definition and this means that regulators are having a hard trying to decide if binaries fall under gaming or under financial investments.
As such, there are essentially no licenses dedicated binary brokers in Hong Kong. Although the SFC discourages Hong Kong residents for dealing with offshore brokerage firms, traders in Hong Kong are still free to sign up with any binary company binary options hong kong they want. However, it is highly recommended that traders who want to sign up with offshore brokers do so with companies that are regulated by competent regulatory agencies such as the Cyprus Securities Exchange Commission CySEC.
As one of the top 5 financial centers around the world, Hong Kong binary options hong kong able to offers traders in the territory a wide variety of payment methods which they can use to deposit funds into their trading account with an offshore broker. Bank wire transfers, credit cards and eWallets like Neteller and PayPal can all be used to fund a binary options trading account. Binary option trading in Hong Kong is legal provided the broker is an offshore broker and does not claim to a broker that is based in Hong Kong.
No, it is unregulated largely due to the lack of a legal framework governing the trading of this trading type. In order to trade binary options in Hong Kong, binary options hong kong, you must first open an account with a broker.
Since there is no licensed brokerage firm in the territory, the next best thing to do is to sign up with one that is regulated outside the country. Binary Options Trading in Hong Kong. Best Brokers in Hong Kong As mentioned earlier, there is a lack of binary brokers that are based in Hong Kong, binary options hong kong.
Regulations While there are several regulatory agencies in Hong Kong, Hong Kong Monetary Authority and the Mandatory Provident Fund Schemes Authority that are responsible for regulating the financial industry in Hong Kong, the main body that is tasked with regulating the securities and futures markets in the territory is the Securities and Futures Commission.
Primarily, binary options hong kong, its area of responsibilities include: Supervision of market operators such as clearing houses binary options hong kong exchanges Coming up with regulations and enforcing the regulations Licensing and supervisions of market participants such as brokers and fund managers Overseeing market activities such as mergers and takeovers Vetting of prospectus binary options hong kong financial instruments offered for sale to the public Educating investors of their risks trading the markets However despite the close scrutiny that the SFC has over the Hong Kong financial markets, it does not have any legal framework for overseeing binary trading in Hong Kong.
Deposit Methods Available in Hong Kong As one of the top 5 financial centers around the world, Hong Kong is able to offers traders in the territory a wide variety of payment methods which they can use to deposit funds into their trading account with an offshore broker.
FAQ Is it legal to trade binaries in Hong Kong? Are binaries regulated in Hong Kong? How to trade binaries in Hong Kong? Dev Ops, binary options hong kong.
Hong Kong Best Binary Options Trading: StockPair, 24Option, IQ Option 2017
, time: 1:54Is Binary Options trading legal in Hong Kong? ++ Guide
14/9/ · Binary options have been legalized in Hong Kong, considering the steady rise in options trading and its lucrative profit-making potential. It has been provided the same governance level and acknowledgment as other trading activities in the country Binary options Hong Kong – regulation & legal information. The first thing you might want to know is whether it is legal to trade binary options in HG. I have good news for you, yes it is. The only regulatory body for binary options and forex in Hong Kong is SFC (Securities and Futures Commission) Numerous binary options brokers are eager to break into the Hong Kong market, but not all are to be trusted. If you are living in Hong Kong and reading this guide, then you most likely have money to invest and are looking for the type of opportunity that requires little knowledge, provides an entertaining way to spend and of course, will potentially increase your blogger.comted Reading Time: 10 mins
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