If you are living in Sweden or you are just staying there for longer time, then it might not be a bad idea to get to know their regulations in case you are binary options trader. In most cases every country has different regulatory bodies and due to this fact it is crucial for every person to know the regulatory authorities.
Speaking of Sweden, the regulatory commission is FI – Finansinspektionen Swede which means Swedish Financial Supervisory Authority. It is the main regulatory authority in the country.
We are telling you all those things because believe it or not, but most of the brokers these days, even the most reputable and well-known ones, are not well regulated. Even though they have filled their applications it will definitely take some time for the whole process of obtaining regulations.
Sooner or later this should happen and all brokers that can be used in Sweden should be regulated because of one main fact – the binary options became one of the most popular methods of making money online. So remember, it is always better to use the services of regulated broker rather than a broker that is not!
In case you are wondering how to find whether or not the broker you have chosen is regulated, well the whole process is actually pretty simple. You will have to make sure that it is licensed and regulated by the FI. In order to so, the broker should meet lots of strict rules and security criteria. Only then, the broker might consider itself as regulated.
The whole problem comes from the fact that most binary options brokers are not regulated and this is not a good thing for sure! Once a broker obtains its regulations, the bank accounts of clients will be segregated in order to ensure various payment benefits to clients regardless of the financial situation.
The most important thing you have to remember when it comes to binary options trading in Sweden is that the broker you have chosen should be regulated by FI – this is the safest way to start your binary options career and be sure that everything is safe and fine! Below we will post a list of some of the most well-known binary options brokers that you can use on the territory of Sweden;