Published on April 28, 2015 in Industry News

Binary Options WarningIf you're an avid participant in Binary Options trading then you should be aware of the warning recently put forth by the UK Gambling Commission (UKGC).

The UK Gambling Commission has warned customers in the area about scams masquerading as binary options trading. If you're considering taking part in any sort of binary options betting, you should thoroughly research the market before participating.

Here are a few handy tips to consider and make use of before delving into binary trading, especially as any money lost to illegal operations cannot be recovered for you by the UK Gambling Commission. This will mean no compensation and your money will be permanently lost.

Always be sure that you are working with a licensed binary trading operator. All binary options operators in Great Britain must be licensed by the UK Gambling Commission and that license must be displayed on their website. If you're using an operator in a reputable jurisdiction, they will have their own local regulators.

If there is any doubt about whether or not a binary options operator is licensed, avoid using their services. If an operator is unlicensed there's a strong chance that they are running an illegal operation. Unlicensed operators will more than likely use false names, fake addresses and incorrect contact numbers. This makes tracking down these operators impossible and they are able to disappear without a trace.

If you have ever lost money after using what you suspect to be an illegal binary options operator then the UK Gambling Commission recommends that you contact Action Fraud. Action Fraud is the UK’s national fraud and internet crime reporting centre and they can be contacted through their website,, or on 0300 123 2040. 

More about Binary Options Trading

Simply put, binary options trading is a form of betting where the customer attempts to predict the outcome of events in financial markets. 'Binary' refers to the fact that there are two possible outcomes: If the customer is correct, they win the bet. If the prediction is wrong, the bet is lost.