Some regulated forex brokers offer binary options trading platforms as an alternative for users who want to trade binary options. Binary options trading involves making a binary bet on an asset with a predetermined pay-out, and where the only two outcomes are either “win” or “lose.” Since this type of trading is quite different in nature from regular forex & CFD trading, specific binary options platforms are often necessary.
Unfortunately for binary options enthusiasts, trading in binary options has seen a crackdown from regulators in several countries in recent years. This includes a complete ban on binary options in all countries that are part of the European Securities and Markets Authority (ESMA). However, binary options trading is still allowed under CFTC regulations in the US, as well as in Australia and in most offshore countries.