Binary Options Brokers in Australia
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Binary Options Trading in Australia
Digital or Binary Options Trading is a fairly new simple way of making profits from financial markets in Australia and is already a very popular method to make fast money among Australian binary options traders in Sydney, Melbourne, Canberra, and Auckland. Although Australia is the major financial trading area in the Asia-pacific region, and Australian traders are accepted to most international binary options platforms, unfortunately, since May 2021 ASIC ( The Australian regulator) banned the issue, and distribution of the binary product to retail clients in Australia, so they are not complying with all the requirements to operate in that country.
Type of Assets to Trade: There are four types of assets to trade at this time. These include:
- Indices
- Forex or Currencies
- Commodities
- Stocks
Australian Indices: There are six types of indices available in the Australian market today. They include Capitalization indices like S&P Asia Pacific BMI, fixed income indices like Australian Bank Bill, Residential Property indices like RP Data-Rismark Home Value, Sector indices including S&P All Ordinaries Gold, Strategy indices like S&P Buy-Write, and Volatility indices like S&P/ASX 200 VIX. Forex Trading in Australia: This type of market is the currency trade market. It was created for large companies needing to trade currency on a frequent basis but is now a way to make a profit from an investment. You can trade currency pairs like AUS /USD, AUD /NZD, or AUD / JPY. Some Australian forex trading platforms licensed by ASIC offering CFD and Forex trading: Vantage FX or Go Markets.
Commodities: In this market, you have the option to invest your money in commodities from around the world. You can choose everyday items like coffee for more lucrative options like silver or gold.
