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Binary Options Trading in Austria

Austria is known to be a very rich and stable country with a strong and established democratic system, very low crime rate, an established rule of law, and high transparency within financial markets. The country serves as a preferable haven for investors of all sorts. Is this the case for binary options online traders as well? Let’s find out.

Binary options trading proves to be a thriving investment opportunity for Austrian investors. With the countries high level of transparency and well established regulatory powers, the trading of binary options online here is a welcomed and safe investment practice. With the regulatory power of Austria looking out for investors, they can feel a certain level of security while trading binary options online in Austria compared to many other countries with less competent regulations.

Since Austria is quite open to accepting binary options online trading as a financial instrument, it has gained tremendous popularity in recent years. Traders here have plenty of regulated brokers to choose from, resulting in a healthy binary options online market. All this being said, binary options online trading in Austria is legal and regulated to an extent.

 

Currency Pairs & Spread

Since Austria is apart of the European Union, the most common currency pairs traded tend to be the same as other European countries. The most common currency pairs are ‘Majors’ and they include: EUR/USD, USD/JPY, GBP/USD, USD/CAD, USD/CHF, AUD/USD, NZD/USD. These currency pairs have the tightest spreads due to the frequent trade volume.

Although these are the most popular currency pairs, another very popular category of currency pairs in Austria are called ‘Crosses’. These popular currency pairs for Austrian traders include; EUR/GBP, EUR/CHF, EUR/CAD, EUR/AUD, EUR/NZD, EUR/JPY and generally have slightly higher spreads than the ‘Majors’.

For Austrian traders looking to trade more exotic pairs, the Euro/Turkish Lira is popular among the ‘Exotic’ category of currency pairs.

 

Trading Platforms

Austria has numerous regulated binary options online platforms to choose from. Most of them are from other countries but have been approved by the Austrian regulatory authority, Financial Market Authority (FMA). All the platforms used in Austria must be licensed by a regulatory authority to be legally operated in Austria. Since Austria is a European member state, investors can freely use any trading platforms offered by other European countries.

One of the most common and reputable trading platforms among binary options online traders in Austria is IQ Option. This platform is proven to be top of the line with many awards and praise from investors world-wide.

 

Bonuses

Bonuses are not something new to binary options online. This is the case for Austrian brokerages as well. There are various bonuses that companies offer their clients, enticing them into signing up, making more deposits, or simply to keep them trading with their platform. Some of the most common types of bonuses are as follows:

There is a wide variety and different variations of these bonuses, but they always result in the trader saving or gaining some money for trading on the platform.

 

Deposit and Withdrawal Options

Today, there are numerous ways to deposit and withdrawal money. You can be paid from anywhere in the world at any time with various methods. Austrian brokerages are no exception to this, accepting many forms of deposit and withdrawal methods. The most common methods include:

 

Legality & Regulations

The trading of binary options online is legal in Austria and has competent regulations put in place to help ensure the safety of Austrian investors. The regulatory authority of financial markets in Austria is the Financial Market Authority (FMA). This supervisory authority was established in 2002 and has been actively integrated in Austria’s financial markets since then. They strive to provide Austrian investors with the utmost protection by providing warnings and alerts of fraudulent companies. They also impose strict regulations on reputable binary option companies to be operated in Austria.

The FMA requires that every foreign binary options online broker is licenced and registered in order to offer their investment services in Austria. By doing this they help to ensure safe and secure investment practices for Austrian traders.

 

FAQ

Yes, the trading of binary options online is legal in Austria.

Certain aspects of binary options online are regulated, but there is a lot of grey areas. Thus, making it somewhat unregulated like in most of Europe.

First you must open an account with an investment firm offering binary options online trading. Though, the company must be authorized to conduct business in Austria by the FMA. Once that is determined, it is quite simple, and can be done online in a few simple steps. Some companies do not even require a deposit to start trading.

 

Best Brokers in Austria

There are numerous brokers to choose from if you’re an Austrian binary options online trader. Some popular ones among investors in Austria include: IQ Option, and Finrally. Both these brokers offer Austrian investors plenty of flexible options when it comes to withdrawal and deposit methods, as well as superior and intuitive trading platforms.

 

Conclusion

This article has attempted to shine light on the trading of binary options online in Austria. We have overviewed the extent of which binary options online trading is done in Austria. We have established and explored Austrian investors options when participating in this lucrative investment route. As well, we have looked in too the legality and regulations pertaining to binary options online trading. All in all, Austrian investors have plenty of options and support when trading binary options online.


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