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Binary Options Robots Trading in Hong Kong
Hong Kong is one of the biggest financial markets along with Singapore, Tokyo, and Shanghai. The city has seen increased number of traders who have joined or those needs to enter this industry. Also being one of the progressive cities regarding technology in the world, Hong Kong is an excellent site for binary options trading. The number of traders has increased because it is easy to enter and start investing in this industry and profits immensely high. Financial Investments are associated with high risks, but binary options brokers industry is associated with less when compared to other financial markets. Indeed to be successful in this industry and to make profits traders need to put some efforts in studying essential techniques used in the world of binary options especially those who are new.
Since the financial crisis that took place in 2020, the world has experienced the significant changes, and that is why binary options industry was introduced. The financial market industry has evolved ever since. Most binary trading software has been designed and developed to help traders get the best out of their money. That being the case, binary options robot was introduced to help in crossing the gap between experienced and novice traders. The potential of binary options industry in Hong Kong has attracted many investors rich and poor. Robots were also developed to help busy traders to participate in the industry. Let us dig deep to understand what is binary options robot.
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Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.Best Binary Options Brokers 2020:
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4. Collect your Earnings
Finally, you collect your earnings (the good part!)
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What is Binary Options Robot?
Binary options robots have helped many binary options traders in Hong Kong to invest in binary options industry more efficiently. In this review, I will look at primary features that make this auto trading software more robust that other software the industry has ever experienced. In this review, I intend to answer the question I regularly encounter, and that is why many binary options traders in Hong Kong use binary options robots.
Binary options robots are automated pre-built software that does not exist in any investment. It allows investors to increase their chances of winning more trades than the way an individual can do without using it. Start using binary options robots today and see how amazing the results are or will be.
If you can search on the internet, you will find many binary options robots that are designed to help the people of Hong Kong make more profits but then not all deliver what they say. Robots have been designed, and all manufacturers claim that their robots are better than other, but the best thing is to find binary options that are trustworthy and reliable. The potential of binary options industry in Hong Kong is huge, and it has attracted the attentions of both legit and scam robot developers. So to stay safe use binary options robots that are well reputed in the industry.
In this review, I will try my best to go through all features, pros and cons of using binary options robots. So if you ready this honest review, am 100% convinced that this review will help you know why robots are the way to go in Hong Kong and Japan as the whole.
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How Do Binary Options Robots Work?
Robots use preprogrammed sophisticated algorithms to predict future fluctuations in the market and sending signals to traders so that they can execute trades. That way, binary options traders should expect optimal results. Binary options robots are known for using principles that are used by big investment banks that are high-frequency trading. The robot is different from traders since they give better results than individuals, so binary options traders who opt for these automatic trading machines stand a chance of making more profits. As a matter of facts, people who have enjoyed success story of this robot are the people who are new in the world of options trading.
The robot performs various functions. An investor may decide to put in some parameters, and the software will follow your guidelines hence making profits on your behalf. Once you have feed it some crucial parameters the software will become 100% auto trading machine. That way, a trader will have more time to concentrate on other important things in life. Also busy investors can do the same while attending to others things that they consider to be more important.
In the world of investment making money has never been this easier. To be successful using this software you need to familiarize yourself with some basic techniques used in the industry. After you have done that you can now leave others things to be accomplished by binary options robots.
How to get started using this software?
First traders must ensure that they are registered with the robot of their chose. The registration process is straightforward. Hence, it should not take more than five minutes. A trader can acquire this robot for free by just clicking on register button once on the official website of their robot of choice. Once you have registered with the robot, you will find the list of recommended broker that supports trading using that robot. You will as well be required to open a trading account with that broker. From there you will have one thing to do that is making the necessary amount for a robot to get started. In most cases traders are frequently required to make the initial deposit that is not less that $250. Once this amount is deposited and reflects in your trading account, you will start receiving signals. From her you will only need to customize it a bit for it to start trading automatically.
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What are advantages of using binary options robots?
Before we go deep discussing what benefits of binary options robots here are a few things that one should know about these self-proclaimed robots. Let me outline few benefits attached to the usage of binary options robots that manufacturers claim.
- With few parameters inserted a trader can enjoy 100% fully automation of this incredible binary options software.
- With this software traders can reach over 85% winning rate that is very had to be obtained by professional traders and other automated trading software.
- The software is designed in a simple way to enable both veteran and novice traders to use it to the fullest hence increasing their chances of winning.
- On can access this robot by using a mac and window based computers at any given time without limitation. Also, robots can be obtained by using smartphones such as Android operating system and Windows operating systems respectively.
Any of the above features is enough to make you use and to know why many traders in Hong Kong are using binary options robots. The robots bring more benefits and now the most interesting part of this robot is that they are offered for free on the market. Mach has been told about these robots now it is time to focus whether this robot delivers what they claim to deliver, or they are a scam that needs to rob traders their hard-earned dollars. Do these robots really produce what the manufacturers say?
What is the cost of binary options robots?
Binary options robots are offered for free on the market regardless of their importance to people. All traders are required to set them up by following simple guidelines provided. When you open your account, you must ensure that you have a reliable internet connection. Once you have downloaded the software, you will not need to download it twice since robots update themselves whenever there is a new version. Once you have done this ti will be your time to sit back and watch money bulging into your bank account. Feed, the machine with some basic parameters and the rest, will be added onto you.
More information about binary option robot
On contrary to many beliefs, binary options robots are not like magical human beings that take full control of your PC when you are away or like copy trading, robots make good use of historical data that is available in the world of binary options industry along with sophisticated mathematical algorithms to tell where to place a trade and how to do it.
Due to efficiently and simplicity nature of these robots either is no experience required for Hong Kong traders to start using this robot, after all, robots were designed to act as a bridge between experienced and non-experienced traders. But then education is key to everything in life so as binary options industry. To be in the mix of experienced traders, you need to, at least, learn some fundamentals of this industry. If you can manage to reach here, I assure you those binary options robot will become an extension of your trading behaviors. Also for those traders who find that their feet’s are wet when trading options are encouraged to use these robots since it will give them peace of mind. Start using binary options robots now and enjoy great success in the world of binary options.
What makes binary options robots stand alone from other software?
First robots are the only automated trading program that investors don’t have to be online to the trade. The software needs some few instructions to get started. With these instructions, the robot will become 100% automated.
Auto stop losses- in the world of binary options, it is tough to find software that allows its users to stop losses when they are not online but with this software, everything is possible now thanks to the technology advancement. Most software that doesn’t have this features are likely to empathize your trading account especially bad days. To enjoy this feature, you need to send your day investment and the software will trade using that figure without exceeding.
Reverse trading- is the great feature of those individuals who think they can perform better than a robot or robots execute the wrong trader for them. Now this kind of traders can test this statement and find out what they are saying is true. In simple words, reverse trading is opposite of what the robot do. Robots are trusted tools that guarantee a traders success hence I strongly discourage the use of this feature but then if you have money that you need to dispose you can go ahead and try it out.
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Who are beneficiaries of this robot in Hong Kong?
As I have stated in the above new binary options investor are the top recipients of this software. With the machine intact no learning is required only since the software is fully automated. But the to set up some parameters that will guide the robot you need to make an effort in studying simple information under the same.
Busy investor- this group deserves to be here since when they are the way the robot does the trading for them. In most cases you find that this group doesn’t have time to sit in front of their computers to trade.
Big investors are another group of individual who enjoy the services of robots. This group has a vast amount of money that they invest hence without these robots it will be tough for them to trade for every profitable opportunity.
VIP account level
Binary options robots come in different versions that are designed to suit various traders at each level. The VIP level is most advance account level offered by these robots. One becomes a member of this account level in two ways: one is by making minimum deposit require and the second is by referring their friends to use these robots
The use of binary options robots has grown in Hong Kong due to technology advancement in the country, and this is expected to continue shortly due to measures that the country has taken. It is no doubt that binary options robots have taken Hong Kong financial market to the next level. Today you will find many binary options robot that is in the industry hence making a selection of legit robot tough. Despite this, there is one thing that should help a trader in selecting a legitimate robot. Always ensure you choose a robot from a well-reputed company along with providing you choose a robot that recommends trustworthy brokers.
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Hong Kongese Traders Guide
Hong Kong operates as a separate country, self-governed and with a single currency, even though it is technically a Chinese city. Geographical and political issues set aside, Hong Kong is home to twice as many skyscrapers as New York and it is amongst these that seventy world banks are headquartered, making Hong Kong one of the top five financial centres of the world.
Citizens enjoy a high standard of living, with many eager to invest their surplus income; it is, therefore, no surprise that trading in binary options has shown such a rapid increase in Hong Kong over the last few years. It also helps that this form of trading remains unregulated and untaxed in Hong Kong. Numerous binary options brokers are eager to break into the Hong Kong market, but not all are to be trusted.
If you are living in Hong Kong and reading this guide, then you most likely have money to invest and are looking for the type of opportunity that requires little knowledge, provides an entertaining way to spend and of course, will potentially increase your wealth. Binary options tick all of those boxes, but first, you will need to find a reputable broker to trade with; this is where we hope to help with your search.
In this article, you will learn:
All about how licensing works in Hong Kong How to choose a reputable broker to trade with Various ways to try binary trading for free
Traders in Hong Kong
Hong Kong citizens are blessed to live in one of the world’s most financially-lenient locations. While this means that they enjoy high incomes and low taxes, it also means that they are targets for predatory investment companies and are potentially vulnerable to scam operations. Some forms of trading are overseen by the SFC (Securities and Futures Commission), but binary options are not. Making it doubly important for you to select the best possible broker you can find.
Customer service may be the last thing on your mind when you are selecting a broker, but peace of mind when you are trading is all-important. A big part of that is knowing that there is customer support readily available, should you ever need it. It is worth checking if the brokers that interest you can offer instant access, either by phone or instant chat, for a substantial period of the day.
Some binary options brokers offer welcome bonuses; others do not. Although it may seem tempting to get ‘something for nothing’ it may be the case that the restrictions on that sort of free trade are not worthy of the amount on offer. Consistent good spreads and diversity of trading opportunities are often more valuable to traders over time.
Perhaps you have specific goals in mind when you enter the world of binary options, or maybe you would like to see the maximum amount of assets and opportunities so that you can vary your trading. As with most other businesses, brokers vary in terms of what they offer, so we always suggest that you check the availability and diversity of trades suits your specific needs before committing.
Choosing a Broker Wisely
Because you can elect to trade with any broker in the world that offers services to Hong Kong, in some ways, this leaves you slightly vulnerable. It means that you are more likely to be approached by dubious brokers who are not regulated, meaning that your money and security are at risk. If you receive any unsolicited contact, we strongly recommend that you do not respond. You should choose your broker, not the other way around.
Trader Broker Asset Profit
Broker Fees And Tax
Although the format does vary, you will be liable for some fees applied to your binary options trading account. Some brokers operate a commission-based fee structure, while others may levy a fixed amount per trade.
Also, you may encounter charges for currency conversion, making withdrawals or for long trades. A good broker will make its fee structure entirely transparent before you are required to make a formal commitment; any broker that does not do so is probably best avoided.
Hong Kong citizens already enjoy some of the lowest personal taxations in the world. Better still, at the time of writing, binary options are not considered as an ‘income’ unless you are a professional trader and they form a part of your portfolio. As this status may change in the future, we do recommend that you keep a record of your trading transactions, which is always a good practice to follow anyway.
Hong Kongese Licencing
Since its inception in 1989, many forms of trading and financial transactions come under the umbrella of the Securities and Futures Commission (SFC). However, binary options have slipped through the net in that respect and there are no clear guidelines as to whether they constitute a method of financial investment or a form of gambling
While there is no formal licensing in place, the SFC does maintain an ‘Alert List’ of any suspect brokers that have come to its attention, as well as advice on how to avoid scams. You should be aware that the list is a long one, broken down alphabetically with many entries under each letter, but do not omit to check any broker against it before investing with them.
Although the SFC does not offer any guidance as to which are the best licensing authorities, the following list comprises the five considered to be the most stringent in the world:
Cyprus (CySEC) Australia (ASIC) EU Countries (MiFID) UK (FCA) United States (CFTC)
You are fully entitled to trade with any broker you wish, but these authorities will offer the best level of protection to you.
Being a citizen of Hong Kong means that you can trade with any broker, anywhere in the world.
How we Recommend Brokers
Being a citizen of Hong Kong means that you can trade with any broker, anywhere in the world. In a way, this makes our job more straightforward, as we can concentrate on brokers which are the most suitable for your safety and enjoyment, rather than choosing from a restricted list applicable to your country. We have a panel of expert reviewers who look carefully at brokers and assess them on many different factors, meaning that you can make an informed choice without doing all the research.
Above all, we want your experience to be as enjoyable and stress-free as possible, and there are many ways in which we aim to achieve this. Our primary search is licensing and we generally look for brokers that operate under one of the more stringent authorities, meaning that you will have the best possible ‘back up’ in several ways. As well as checking that the broker is currently licensed, we also ensure that they have kept to regulations and have not been blacklisted or reprimanded for misdemeanours.
Our list is by no means exhaustive, but we put the website and data security high on our list of ‘must-haves’, as is a customer support service that is easy to contact, knowledgeable and able to interact with you in a way you can understand. We also know that mobile accessibility and user friendly platforms is of paramount importance to many traders, so we ensure that the broker can offer an equal and reliable service to mobile device users. Last, but not least, we look for overall fee transparency, diversity of assets to trade and the availability of self-help features such as FAQs and trial platforms.
Frequently Asked Questions
Is binary trading in Hong Kong legal and safe?
You are legally permitted to trade in binary options with an offshore broker. It is only illegal if the broker is Hong Kong-based. Trading is much safer with a broker regulated under a stringent authority, choose wisely.
Do I need to pay fees and taxes on my trading profits?
There will be broker fees to pay and these will vary, so always check before committing to a trade. Personal taxation in Hong Kong is very lenient and profit from binary options is not taxed unless trading constitutes your sole income.
Can I test brokers before trading with real money?
Almost every reliable binary options broker will give you the chance to try out trading using virtual currency. We recommend that you avoid any brokers that do not have this option, or only offer a brief trial period.
Is it easy to make deposits and withdrawals?
Most brokers offer a great selection of options in terms of depositing to your account and withdrawing profits. The most popular are credit/debit card, bank transfer and e-wallets such as PayPal and Neteller. Should you wish to use a less mainstream payment method like cryptocurrency, you may need to search a little harder.
Can I trade using my mobile or tablet device?
With such a high percentage of Hong Kong citizens reliant on mobile devices, all good brokers will provide a high-quality service. This may be a mobile-optimised website or a downloadable App. Some even have both, but If you have a preference, make sure that you check.
Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.
Binary Options Trading in Hong Kong
Hong Kong is said to be one of the top five leading financial centers in the world. With over 70 of the worlds largest banks, a well established and transparent legal system, and the highest concentration of quality fund managers in this part of the world, makes it a financial empire. The high quality of life, along with the favorable tax regime has contributed to a popular online binary options trading industry in Hong Kong. As popular as the trading of binary options in Hong Kong is, the question still remains if it is entirely legal in the country. Find out everything there is to know about binary options trading in Hong Kong below.
As said before, trading binary options in Hong Kong is a very popular and lucrative investment opportunity. This can be attributed to the favorable tax system. Foreign investors trading binaries in Hong Kong are not required to pay tax. This poses the question, if trading binary options in Hong Kong is legal? To answer this, we must look in too the legality of it.
The main regulatory body governing the financial industry in Hong Kong is the SFC (Securities and Futures Commission). It was first established in 1989 after the market crash in 1987. The SFC may be the main regulator of financial markets, but regarding binary options trading, there are no specific laws around it. It is in a sort of grey area. However, there are no laws making it illegal, and the SFC issues warnings about certain binary options providers, giving traders a certain level of security.
As well, since binary trading is not regulated in Hong Kong, there are no licenced brokers within Hong Kong. Investors must seek international brokerages who are licenced to conduct binary options trading through online platforms. In doing this, investors must choose international brokerages who are reputable and regulated with another foreign regulatory power.
Currency Pairs & Spread
There is a very strong asset base for trading currency pairs in Hong Kong. This is because of the availability to trade with any international binary options company. However, we will touch up on the most commonly traded pairs here. The most traded currencies in the world, called ‘Majors’. They are the following 6 pairs; EURUSD, GBPUSD, USDCHF, AUDUSD, USDJPY, and USDCAD. These currency pairs trade 24 hrs a day every business day of the week. Concerning these major currency pairs traded in Hong Kong, their spreads are very small because of their popularity. Currency pairs who are less traded tend to have slightly larger spreads, and are in a category called ‘Crosses’. These currencies include EUR, JPY, GBP, and CHF among others. The smallest category of currency pairs is called ‘Exotics’. These currencies include MXN, TRY, THB, SGD, and Hong Kong’s currency, HKD. Theses ‘exotic’ currencies have the largest spreads.
When it comes to the online trading platforms used in the Hong Kong market, there are plenty to choose from. None of which have residing regulation from Hong Kong, but should be internationally recognized and regulated. There are an overwhelming amount of trading platforms or brokers offering binary options trading, over 400 to be exact. This number has increased dramatically in recent years and continues to grow as binary options trading becomes more popular in leading financial markets such as Hong Kong.
When choosing a platform to deal with, investors must be wary of fraudulent or unregulated platforms. Some popular binary option platforms used in Hong Kong and around the world are; HighLow, Binary, BinaryOptionsRobot, and MarketsWorld. These binary options platforms are international platforms with unique and well-developed interfaces, well suited for investors of all sorts. They are reliable trustworthy.
Almost all international brokers offer bonuses to their clients. However, there are terms and conditions that must be met to achieve these rewards. So, don’t be fooled, often times a brokerage will have enticing bonuses to get you hooked, but may have high fees and other disadvantages to their platforms. That being said, I will give a general overview of the types of bonuses offered by many binary option brokerages for Hong Kong traders.
- Welcome Bonus – This is the most common type of bonus, usually receiving an amount of money just for joining a brokerage and making an initial deposit.
- No Deposit Bonus – Another bonus, like the welcome bonus, rewards you with money just for signing up and doesn’t even require a deposit.
- Mobile Bonuses – This is a bonus for downloading a brokerages mobile application and using it.
- Refer a Friend Bonus – Receive money for getting a friend to sign up, they may be required to make an initial deposit
Deposit and Withdrawal Options
When it comes to deposit and withdrawal methods for binary options, there are many avenues one could go. The most popular methods among investors in Hong Kong are as follows.
- Debit & Credit Cards – This option is popular due to its quick and easy withdrawal and deposit process. The versatility with credit cards is very popular among foreign investors, which make up a large portion of the Hong Kong traders in binary options.
- Bank Wire Transfers – Another popular option due to its seamless and simple process.
- E-Wallet Providers – A very popular method among Hong Kong investors. Popular online money transfer options in Hong Kong include Neteller and PayPal.
Legality & Regulations
Since Hong Kong is a leading financial territory, it has its fair share of regulatory agencies. There is the Hong Kong Monetary Authority and the Mandatory Provident Fund Schemes Authority which covers the majority of the financial industry in Hong Kong. However, the regulatory body which covers the securities and futures markets is the SFC (Securities and Futures Commissions). Since the market crash in 1987, the SFC was established and put to action in 1989 with the objective to ensure the stability and integrity of the securities and futures markets. In addition to this, its roles include the protection of investors and to promote Hong Kong as a leading financial empire. Like the financial markets, the SFC also has a power it operates under called the SFO (Securities and Futures Ordinance).
With all the responsibilities the SFC and other regulatory bodies in Hong Kong have, binary options trading in Hong Kong is still unregulated with no laws pertaining to it. There are no laws stating it’s legal, nor if it’s illegal, and is often questioned whether it falls under gambling or financial investments.
- Are binary options legal in Hong Kong?
Yes, it is legal. As long as the broker is an offshore brokerage not claiming to be based in Hong Kong.
- Are binary options regulated in Hong Kong?
No, it is not regulated. However, it is somewhat overseen by the SFC, as they issue warning lists about what binary options companies to be wary of.
- How can I trade binary options in Hong Kong?
First you need to open an account with an offshore brokerage offering binary trading. The brokerage you choose should be regulated and allow international investors to use their platform.
Best Brokers in Hong Kong
In terms of brokers in Hong Kong, there are none. Hong Kong investors looking to trade this way must look to offshore brokerages.
This article has overviewed the binary options trading industry in Hong Kong in hopes to shine some light on the grey areas surrounding this lucrative investment method. As of now, there are no regulations pertaining to binary options trading in Hong Kong, but with the increased popularity of the practice, we are likely to see some regulation in the future. Besides being unregulated, Hong Kong investors still have numerous options when it comes to offshore binary brokers.Best Binary Options Brokers 2020:
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