Regulation of Forex and binary options trading in the United Kingdom

The United Kingdoms’s Financial Conduct Authority (FCA) ,also knows the City’s Regulator, does not regulate binary options .According to the legislation in the United Kingdom, Binary Options Trading providers should be regulated by the UK’s Gambling Commission, yet, this law affects only in a case that firm has its servers (remote gambling equipment) stationed in the United Kingdom.
The European Union (EU) considers Binary Options to be a financial product. Under the EU financial services law, Binary Options Trading Brokers firms which are legally established and authorized in one European Economic Area (EEA) country are authorized to provide their services in any other EEA country, including the UK. Once certain procedural safe-conduct standards are met, the binary options brokerage company is listed on the FCA’s Register of financial services firms.
Firms offering these types of services in the UK will generally need to be authorized by the FCA. Many of the firms reported to us are not authorized by the FCA but claim to be based in the UK and often provide a prestigious city of London address. In reality, they have no physical presence in the UK and are not based at the addresses they provide.
As we see the legal status with Forex Trading is similar to binary options all EU-registered firms considered as if they are regulated to operate in the UK