#1 Pick an available binary options broker in Sri Lanka #2 Sign up for a trading account #3 Use a demo or a live account #4 Pick an asset to trade #5 Make an analysis #6 Place a trade #7 Wait for the result What is a binary option? Is binary option trading legal in Sri Lanka? Payment methods for traders in Sri Lanka Bank transfers Card payments Web06/08/ · Binary Options are not legal in Sri Lanka. However, the regulations have been structured so that anyone interested can legally invest by opening an account with Web24/06/ · Binary Options in Sri Lanka: Treading Thin Lines Every Sri Lanka Forex broker listed in our top 5 is regulated by an authority such as the Securities and Web15/09/ · In this article, we will guide you to choose an efficient broker for binary options. In a market full of options, knowing what is trustworthy and what is not is Web15/09/ · Under Chicago Board Options Exchange CBOE rules, there are five criteria that a stock must meet before it can have options as of December Options trading ... read more
Sri Lankan binary options traders mostly do business with companies that have local agents in the country. Majority of these brokers use the cheaper turnkey platforms. The companies that operate with local agents are able to offer Sri Lankan traders with bonuses. These companies do not operate in jurisdictions where bonuses are prohibited.
The local introducing agents usually have a mandate to negotiate bonuses with traders. Sri Lankan traders should use these bonuses wisely. Deposits and withdrawals in Sri Lanka take some specific forms. The commonest form involves the deposit of the initial investment capital in the local currency Sri Lanka rupees with an individual or corporate agent of the offshore broker.
Working with local agents is the preferred method of transaction because foreign exchange purchases and movement outside the country is tightly controlled by the CBSL, making it very difficult for traders to deposit and withdraw funds using the conventional means available to traders of other countries. What are the legal considerations attached to the conduct of binary options brokerage and trading in the Sri Lanka?
There is a law in Sri Lanka known as the Exchange Controls Act, which controls how money can be remitted and received from abroad.
This law also has provisions which specifically prohibit the trading of speculative assets with brokers located overseas. Forex and binary options trading is therefore prohibited in and out of Sri Lanka. Here are the frequently asked questions that most users may have about the binary options industry in Sri Lanka. Answer: Binary options trading in Sri Lanka is illegal, according to the Central Bank of Sri Lanka. However, the level of enforcement of this ban appears not to be working because many Sri Lankan traders are still trading binary options with offshore brokers.
Answer: Sri Lankan binary option trading is increasing in popularity, but so has the cases of scams by unregulated brokers who have exploited the relative naivety of the local population to perpetrate their fraudulent schemes. Binary option trading is not very safe in Sri Lanka.
Answer: Sri Lankans still trade with offshore brokers, but mostly work with introducing agents of offshore brokers.
This is because there are laws prohibiting retail binary options trading and moving funds offshore for this purpose is difficult. There are no top binary options brokers in Sri Lanka. The CBSL and SEC have not licensed any company to provide binary options products and this will probably not change anytime soon. However, Sri Lankan traders are still patronizing offshore binary options brokers by using local agents and introducing brokers.
As a Sri Lankan binary options trader, you would want to trade with a broker that is regulated, offers some friendly local language options and provides an ability to deposit and withdraw funds seamlessly. Binary options trading in Sri Lanka is prohibited, as well as is the advertising of these products.
Many industry watchers feel that the prohibition is not attacking the issues from the root. First, the whole world is aware of the multiple benefits that binary options trading brings. Even Sri Lankan traders know of it. If you reside in Sri Lanka, you would want to know whether binary options for Sri Lanka trading are possible.
Binary options trading in Sri Lanka is possible if you indulge in it with a profit-earning motive. So, let us begin with a binary options trading guide that Sri Lankan traders can follow to get started. Most renowned brokers offer services to investors in Sri Lanka.
These brokers let you access all the greatest assets in various underlying markets. However, the Securities and Exchange Commission of Sri Lanka gives broker licenses to various online trading platforms. Therefore, an online trading platform will be able to offer services in the country only when permitted by the SEC of Sri Lanka. So, if you are hoping to start binary options trading, you must choose your broker wisely.
Three brokers offer excellent services in Sri Lanka. These include:. Quotex is not a new broker that recently emerged. Instead, this online trading platform has served users for many years. Traders sign up with Quotex because of its user-friendly interface and several other features. Among the leading online trading platforms, Pocket Option is one broker that offers world-class facilities to Sri Lankan traders.
For instance,. When talking about the leading binary options brokers in Sri Lanka, we cannot leave Focus Option behind. Traders can choose this online trading platform for binary options trading for all good reasons. Binary options trading experience depends severely on the broker a trader chooses. So, choose wisely. Once a trader has made up his decision about which brokerage to use, he may begin the registration process.
Almost every brokerage need these basic process when registering:. Therefore, starting up with investing in binary options is as simple as complying with these steps. Investors should now decide the type of account they wish to use for trading in binary options.
A demo trading account offers immediate and immense benefits to a trader. For example, a trader does not need to indulge in binary options trading with his real funds. Instead, he can use virtual currency that online trading platforms like the ones discussed above offer.
Newbies can also formulate their trading strategies while using a demo trading account. A live trading account is perfect for any trader to start binary options trading in Sri Lanka. They can employ their real funds while trading through their live trading account.
Choosing an asset to trade binary options is the second thing a trader needs to do. Trading binary options in Sri Lanka is just as easy as trading them elsewhere.
Binary options will be worthwhile if you come up with accurate predictions. However, achieving this only with the right technical analysis is possible. Online trading platforms, including Quotex, Pocket Option, and Focus Option, operating in Sri Lanka allow traders access to several trading tools.
After proper analysis, you can finally place your binary options trade with the broker with which you have signed up. If it rises, you win your binary options trade and profit from it. As the name suggests, binary options are just another kind of derivative.
Trading binary options require traders to bet on the future price of any underlying asset. For example, when any trader indulges in a binary options trade, he can expect to win the entire trade or lose everything at once.
So, if binary options trading interests you, you might want to know about its legality in Sri Lanka. The Central Bank of Sri Lanka and the Securities and Exchange Commission of the country regulate the overall financial bodies of the country. So, if binary options trading has to be legit in the country, it should have a permit from these Sri Lankan authorities. Now, binary options trading is legal in this south-east Asian country.
As many as 20 million Sri Lankans indulge in binary options trading. Trading binary options require traders to sign up for a trading account and fund it with money. So, knowing about the payment methods is crucial. A trader will have a good trading experience when he has payment convenience. Bank transfers are a common binary options payment method in Sri Lanka. As a result, traders can fund their trading accounts on all trading platforms using their bank accounts. Platforms such as Quotex, Pocket Option, and Focus Option do not charge users any deposit or withdrawal fees.
However, traders might have to incur charges or fees that their banks might levy. Using this method, you can instantly fund your live trading account. However, withdrawing funds using this method might require you to wait sometime.
Besides bank transfers, card payments are common for Sri Lankan binary options traders. They can use their debit or credit cards to fund their account or withdraw money. Deposits made through cards are instant.
On the other hand, card withdrawals might take up to hours to credit your account with funds. Online platforms such as Pocket Option, Focus Option, and Quotex allow traders to use their electronic wallets. Electronic wallets, as a payment method, offers traders a quick way of funding their account. In addition, the withdrawals made through electronic wallets are just as quick. Cryptocurrency is another common payment method for traders in Sri Lanka.
For example, you can fund your binary options trading account using the leading cryptocurrencies. Cryptocurrencies offer traders a secure and quick way to make payments. For example, you can instantly credit funds into your trading account using cryptocurrencies. Undoubtedly, every good thing has its cons. Even though binary options trading is highly profitable for any trader, it carries risks. Therefore, traders in Sri Lanka should be wary of binary options pros and cons before they begin trading.
So, the binary options trading experience for any trader in Sri Lanka will be good if he trades with a reliable broker. Traders should pair their market knowledge with the right technical analysis to beat binary options trading risks. With all its risks, binary options trading is the best trading market for Sri Lankan traders. As long as you are trading with regulated brokers, you are good to go! Among all brokers in Sri Lanka, Pocket Option, Quotex, and Focus Option offer the best services.
Traders wishing to seek the best binary options trading in Sri Lanka can sign up with one of these three. However, traders must make a perfect technical analysis before placing any trade. Binary options trading is good for any trader as long as they follow good practices. The good practices include researching well and building an expert trading strategy.
Binary options trading in Sri Lanka is just as easy as trading it elsewhere. Sri Lankan traders only need to find the right brokers like Pocket Option, Quotex, or Focus Option to get on their binary options trading journey.
Like any trading form, binary options trading does involve risk. So, traders have to be cautious about placing the binary options trade. Only an expert analysis will help them find an underlying asset with a profit-earning potential. Binary options offer traders of any vicinity a way to earn quick profits.
Home » Binary Options brokers » Binary Options brokers in Sri Lanka. Binary Options trading in Sri Lanka has emerged as one of the popular markets in the country and is best for people who what to earn better profits from their investments. However, suppose you are entering this market for the first time. In that case, you need to understand everything about the Sri Lanka financial market as well as brokers to begin trading without any hassle.
And here you can explore those things. Keep reading to know more. There is a range of interesting Binary Options brokers worldwide. But: Not every one of them is available for traders from Sri Lanka.
So these are the five top picks:. One of the most popular and widely used platforms in Sri Lanka for binary options trading is Quotex. Founded in the year , this registered and licensed online broker offers market signals as well as simulates trading on a well-designed and custom web-based platform.
Speaking more about this, the broker is a registered trademark of Awesomo Ltd , and the company is located in Seychelles. As per the information mentioned on the official site, this broker is regulated by the IFMRRC — International Financial Markets Relations Regulation Center. It became a fully licensed broker in November Just like other Sri Lanka binary options brokers, this platform also utilizes an easy-to-understand yet powerful web-based trading platform.
The traders can enjoy a smooth and safe trading experience by using its Meta Trader 4 or MT4 platform. You can only use this bonus code by signing up via our website. Speaking about its withdrawal , bonuses , and deposit, you can start using this platform by depositing only USD 5. However, sometimes, it may require you to deposit USD You can deposit in euros, Bitcoin, pounds, or in dollars. This can be done using wire transfer, e-wallet, credit card , and more. To help the new traders to trade confidently, this binary options broker offers free tools and other useful trading resources.
So, visit the official site of Quotex and give it a try. Introduced in the year , IQ Option has become of the trusted and largest brokers in the binary options trading market. Equipped with the latest trading technologies and other amazing features , the broker has made the platform much easier for all Sri Lankan traders.
This online trading platform supports multiple financial instruments , for example, Forex, CFD platform, Binary Options, and more. Besides, it also has a demo account for all the traders.
Using this, one can easily try out different trading strategies, and they can get familiar with the features of IQ Option. You can make deposits using your debit or credit card. It also supports other deposit options such as WebMoney, Skrill, Cryptocurrencies, Neteller , and more. If you are facing any issue while depositing, then you can get in touch with the account manager for instant solutions. In terms of available trading options, this platform can offer you the opportunity to trade in more than assets.
Some of the major assets that you can use are metal, crude oils, gold, crypt, forex, binary options, and more. Another trusted broker to enjoy Sri Lanka binary options trading is Olymp Trade.
It is also leading forex and fixed time broker and clients from all over the world. As per the official site, the broker follows the trading regulations of the IFC-International Financial Commission. The company utilizes its own advanced, user-friendly , and modern binary options trading platform to offers the maximum level of security to the traders.
When you use it, you will find that the platform is ideal for both beginners and professional binary options traders. Every day, more than traders use this platform, and its average monthly turnover is more than USD million. Speaking about its payout, it claims to offers around 70 percent to 90 percent payout to the traders. On the other hand, Olymp Trade also offers quality and updated educational materials on different types of trading and strategies , helping both experienced and new traders.
You can go through the materials available for indicators to explore more things about fixed-time trading. Established by Dolphin Corp, the Binomo trading platform is quite popular for its low-trade requirements and amazing trading features that it offers to both veteran and new binary options traders.
While primarily focusing on its valuable clients , the broker is constantly upgrading the web-based trading platform by deploying advanced digital trading technologies.
Traders from around countries across the world are now using Binomo. In terms of regulations, the official site says that it is regulated by the IFC and is listed in the list of Category A traders. On the other hand, Binomo also has received a certification from the FMMC , and in case of any issue, you can get 20, Euros as compensation.
To keep your sensitive or personal data protected from hackers, it follows SSL protocols. The new platform has various on-point features and can make the process smooth for a beginner. The platform offers more than 50 different assets that can be traded by traders once they signed up. You can explore different assets and markets. Some of the major assets that you can choose for trading on Binomo are leading equities, indices, and currency pairings.
This binary options broker started offering its services in the year Its registered office is located in the Marshall Islands. Since its introduction in the market, the platform has been growing rapidly. Pocket Option provides its traders with different exceptional features to make their binary options trading journey smooth and profitable.
Within a few months, the platform managed to create a huge trader base. When it comes to binary options trading, you should use a licensed and regulated broker. Once you signed up, you can get instant access to different stocks, commodities, cryptocurrencies, and currency pairs. On the other hand, binary options are available to traders with a decent yield of more than 90 percent. Just like other brokers, it also offers a demo account with USD 10, of demo money. Using this, you can explore all the important features of the platform and can also test your trading strategies.
There are no fees for deposit and withdrawal. It also offers some amazing benefits , such as indicators, financial, educational supports, cash backs, bonuses, and more. Choosing the most trusted binary options brokers in Sri Lanka is not an easy task. While the Sri Lankan authority has banned local binary options brokers from functioning in the country, people can still enjoy the trading by choosing an offshore broker.
The best thing is that there are multiple reliable brokers to pick from; all you need to pick the right one. You can always choose the above-mentioned brokers based on your preferences or requirements. These platforms are legally registered and all regulated by well-known regulators. On the other hand, the SEC- Security Exchange Commission of Sri Lanka deals with the stock and trading market. The authority has provisions that prohibit the trading of speculative assets with brokers located in the country.
So, you can only trade by creating an account with any registered offshore binary options brokers. Some market experts have informed that all the trading activities that involve sending of exchange to entities and companies outside of the country for individual trading purposes are now allowed by the law.
The CBSL has also characterized the companies it referenced in its new circular, defining them as proprietary and companies concerns that utilize agents and employees to send out calls or adverts to the public to pre-sell with the process of a better return.
However, only the registered corporate entities are permitted to offer binary options and forex trading facilities with offshore institutions. Besides, they also need to function by following the rules and regulations set by the CBSL. It may be noted that retail trading is strictly prohibited in this country.
As discussed above, CBSL controls all the financial institutions, for example, licensed finance companies, banks, microfinance companies, and leasing companies.
On the other hand, the IRC- Insurance Regulatory Commission of Sri Lanka controls the insurance companies. The capital market, stockbrokers, market intermediaries, and exchanges are supervised by the SEC- Security and Exchange Commission of Sri Lanka. So, while choosing a binary options broker, you need to make sure that the broker follows the rules issued by this board. A trading platform allows traders to open, close and manage the financial market through a broker.
It makes it easier to trade and to analyze the market position. These are features of the 5 best binary options brokers in Sri Lanka:. This digital options trading platform offers different types of assets to traders so that they can increase their chances of winning a trade. It is super easy to use and highly secured. Some major features of Quotex are:. When it comes to enjoying a faster trading experience, you can always trust IQ Option.
It supports stocks, indices, cryptocurrencies , commodities, and more. It also offers trading materials to all the traders. Some key features to consider are:. This platform is quite popular for its amazing features and attractive bonuses. Just sign up, and you can start trading instantly with its easy-to-use interface. It is percent safe to use. Talking about some of its useful features:.
It has some lucrative features , and the traders can begin trading by just depositing just USD The web-based platform is very easy to use, and it is SSL encrypted. This simple yet powerful platform is one of the reputed binary option trading brokers that offer various assets to trade-in.
Some key features of this platform are:.
Web06/08/ · Binary Options are not legal in Sri Lanka. However, the regulations have been structured so that anyone interested can legally invest by opening an account with Web15/09/ · Under Chicago Board Options Exchange CBOE rules, there are five criteria that a stock must meet before it can have options as of December Options trading WebBroker regulations are the kind of regulation that has great significance in it, forex regulation. Broker regulations are related to the state and authority. There are few Web24/06/ · Binary Options in Sri Lanka: Treading Thin Lines Every Sri Lanka Forex broker listed in our top 5 is regulated by an authority such as the Securities and Web15/09/ · In this article, we will guide you to choose an efficient broker for binary options. In a market full of options, knowing what is trustworthy and what is not is #1 Pick an available binary options broker in Sri Lanka #2 Sign up for a trading account #3 Use a demo or a live account #4 Pick an asset to trade #5 Make an analysis #6 Place a trade #7 Wait for the result What is a binary option? Is binary option trading legal in Sri Lanka? Payment methods for traders in Sri Lanka Bank transfers Card payments ... read more
They respond quite faster than other brokers. The CBSL has also characterized the companies it referenced in its new circular, defining them as proprietary and companies concerns that utilize agents and employees to send out calls or adverts to the public to pre-sell with the process of a better return. You can use the unlimited free demo trading account for sharpening your skill and practice purposes. Write a comment abort. The expiry of the trades may vary from 30 seconds to up to one day.So, while choosing a binary options broker, you need to make sure that the broker follows the rules issued by this board. com is not responsible for the content of external internet sites that link to this site or which are linked from it. Content from video platforms and social media platforms is blocked by default. By using its mobile appyou can get an accurate quote and can trade anytime you want as per your convenience. Give them a try, binary options regulation sri lanka.