Binary options continue to interest many people in Saskatchewan as they have all over Canada. In fact, a big number of people are already trading in them already. Many are still looking for information on how to choose the best brokers in the business to open trading accounts with. They are looking for reputable, trusted, professional and user-friendly platforms where beginners and professional traders will thrive.
In the binary options industry, one of the basic requirements of a good broker or platform is that they have to be licensed. Binary options are legal in Saskatchewan but the problem of licensing arises because there is no provincial or Canadian agency has licensed binary options platforms as yet. This means that getting protection from the national and provincial regulators is not possible for now. What happens is that traders will be looking for reputable players from abroad. We will help traders to select the best from all the brokers available for taking in traders from Saskatchewan.
How we select the best brokers
Bonuses are among the promotional tools that brokers use to attract traders. These are good but there is more to a good broker than what he promises to offer you once you open an account with them. Traders in Saskatchewan need to know what these other factors to look for are. A few basics are that a good broker should be updated with all the best binary options practices and tools to help traders to maximize their profits. They must also be offering trading with the most profitable assets in the industry, and their trading strategies that they share with their traders must be up dated to reflect the latest improvements. Brokers’ websites and trading interfaces will also have to be easy to navigate. In our list of recommended brokers, we have selected the best for the traders in Saskatchewan. They fulfill all the requirements that we feel are necessary for traders in this province. One key thing we looked at is the client support as traders here will be working with brokers abroad, and those that made the cut are really good at it.
Are any brokers located in Canada?
There are no Canadian regulators or agencies which have registered brokers in Canada. Those that claim to be domiciled in Canada are suspect; traders in Saskatchewan should better avoid them. Such cases are there but they are few in the market. Traders will still find others headquartered in countries which do not regulate binary options. There good and rouge brokers in binary options as in other industries. Traders therefore must do their due diligence to avoid falling into the hands of brokers whose venturing into binary options is not well defined. Some could be fraudulent.
It is true that there are no brokers regulated in Canada, but that does not mean that traders will have to wait till there are. There are respectable and reputable brokers offshore with whom Canadians can open binary options trading with accounts and thrive.