Are Binary Options Legal in Your Country?

[Suba]

In my country, binary options are an illegal financial platform and are blocked, whether accessed through websites or mobile apps. This is because the government considers binary options a form of online gambling. Users simply predict whether an asset's price will rise or fall, and the government considers binary options not a trading platform like forex, crypto, and stocks. Furthermore, binary options only provide a limited time (5 minutes to 1 hour) to predict asset movements. If the prediction is correct, the user will only receive a predetermined profit, for example, 90%; if they lose, they lose all their capital.