to take. Tags 6 min read, basically, binary options trading involves making predictions on whether an underlying asset is going to go up or down. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. If you haven't been keeping a record it is important to start and then work back through what you can to bring your records up to date. The bulk of the brokers that are servicing the Canadian market are based offshore. In March 2015 the Canadian Securities Administrators (CSA) actually warned investors to exercise caution when trading. Here they are neither. So, as things stand right now, it is not safe to trade foreign exchange rates ato monthly in binary options within Canada anymore. We have already made these checks on your behalf so you can rest assured that choosing a broker recommended by us is safe, legal and legitimate. 76 of retail investor accounts lose money when trading CFDs with this provider.
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Trade Now.7 Excellent, assets 70, min. The Canadian authorities seem set on a path to rid its bis forex market size financial industry of any risky binary options trading. Before we look at tax let's first look at the fees you are likely to face: Focusing now on the legal matters related to binary options trading, Canada has the usual laws to abide. So to resume things: If you are a Canadian citizen and are located in Canada, you should not trade binary options at any binary options broker whatsoever. Most brokers have either a mobile responsive website or an app available for iOS or Android. So where do we start? This proves that, as always, it is safest to trade in binary options when your country allows.