Broker Fees And Tax. On the tax side of binary trading, Australian brokers aren't required to keep records for tax purposes. As Australia taxation differs from region to region it is vital for each trader to ensure they maintain their trading records should they need to pay taxes on their profits. Licensed Binary Options Brokers in Australia. Binary Options are a type of financial trading product that really has caught the imagination of both experienced and first-time traders across the world, and many people in Australia have warmed to that type of trading environment and regularly place all manner of Binary Options trades too. Binary options trading is becoming more and more popular in Australia – and for a good reason. This instrument is flexible, easy to manage, and offers a well-defined risk and clear outcomes on every trade. Binary options is the type of trading where the payouts are fixed or if the options close out of money there is no payout. This is also known as all or nothing options or digital options. When it comes to binary options trading, Australians, and investors in general, have a doubt as to whether it is legal in Australia.Yes, ASIC has clarified very clearly that binary options trading is legal. However, the broker offering the services should be its member.
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