The United Arab Emirates is extremely advanced country – both socially and economically. The authoritative system of UAE is completely governed by the Dubai International Financial Center (DIFC). DIFC is Dubai’s own administration system in order to standardize financial services in the region.
In order to provide maximum security to investors, the UAE regulator, the Emirates Securities and Commodities Authority (ESCA) closely observes and supervises the operations of binary options brokerage firms.
Obligations to be fulfilled by UAE Brokers
The UAE binary brokers are strictly required to fulfill the following obligations to work in the district:
- Corresponding regulation of recognized jurisdictions such as Cyprus and UK must be verified and established.
- They should have a verified operational documentation or proof.
- They should have highly qualified staff in their team having not less than 5 years of experience in retail financial services industry.
- Capitalization in local currency should be revealed in a hefty amount.
- They should be able to observe, supervise and set apart the financial resources for clients.
- They must possess foolproof methods to ensure risk control.
- They must have a proper scheme to manage and deal with payments.
- The memberships are given by the DIFC registrar only. Any authorization regarding binary options is also controlled by the DIFC registrar.
- Central Bank monitors the investments in UAE. This contains binary options trading. Afterwards, explicit areas of security and investment area are pursued by ESCA.
The UAE is one of the biggest attractions for investors from all over the world. It is highly developed and hence there is a great need to protect the investors’ interests and funds. In this regard, mutual effort is exerted by the Central Bank of Dubai, the Ministry of Economy and Planning, The Emirates Securities and Commodities Authority (ESCA) to make sure that binary options brokers which are keeping up in the region and offering services to local citizens, work with truthfulness and are reliable to be used by all investors and traders.
Binary Options Brokers in United Arab Emirates
Now let’s review three of the best binary options brokers in United Arab Emirates;
Ayrex is an online binary options broker who believes in transparency. It is going through the registration process of Cy-Sec. It has a large number of loyal clients and traders from South Africa and the United Kingdom.
Ayrex believes in being user-friendly and accessible to its clients all the time. The trading platform of Ayrex is advanced, user-friendly and fast. There are multiple binary options methods available at trading platforms including but not limited to high-low options, one-touch options, turbo options etc.
The brokerage is offering many trading instruments that include Bitcoin, FX, commodities, indices, and stocks of top companies. It is the fastest and speedy trading platform working at a high speed of 0.027 sec per click.
Short time-frame trades are expired between 30 seconds to 5 minutes whereas the touch options and high/low options expire between 15 minutes to 1 hour. The best thing about Ayrex brokers is the choice of the untimely or late closure of trades, thus saving traders from losing all investment of funds. The payout percentage can be as high as 89%. Ayrex also offers contests at a prize of 300 USD and other hot offers as bonuses to their clients.
Registration is easy and it takes less than 1 minute:
BdSwiss broker is a top online financial trading platform, registered by the Cy-Sec and operating in Western Europe. The minimum deposit to start trading at BDSwiss is $100 while minimum investment per trade is only $5. The maximum payout allowed is 85%. Various deposit and withdrawal methods are available such as Credit Card, Maestro, Wire Transfer, Sofort, PaySafeCard, Ukash, GiroPay and PostePay.
The broker deals in Binary Options and Forex. It also offers trading in Bitcoin and Etherium. The BDSwiss is open for trading 24/7 and can be accessed anytime, anywhere.
Highlow is an Australian broker that has taken over the industry in merely 4 years. This broker does not only provide services in Australia but also accommodates traders from Europe, Africa, and Middle East. It also offers a service known as Binary Options Robot for its clients in other parts of the world such as America, who are unable to use Highlow binary trading services directly. The minimum deposit for signing up is 50$ and the minimum investment per trade is $10. The maximum payout can be 88%. Available deposit and withdrawal methods include credit cards, wire transfer, and Neteller.