Is Binary Trading Legal in Afghanistan? | Tutorial


Yes, binary options trading is legal but is not regulated in Afghanistan.

Afghanistan has no specific regulations prohibiting brokers from offering binary options to traders. The Da Afghanistan Bank is responsible for issuing licenses and regulating and supervising banks, FX dealers, and Money Service Providers (MSPs). As no financial authorities are overseeing the operations of local brokers, traders who choose to trade with local brokers will put their capital at more risk.

Binary options trading continues to gain increasing popularity among Afghan investors. Forex traders seeking to diversify their portfolios turn to this exotic financial option. Not all brokers in Afghanistan offer this product, but many specialize in options trading services.

Let’s find out how to trade binary options in Afganistan.

A Step-by-Step Guide to Trading Binary Options in Afghanistan

Traders in Afghanistan should take note of possible risks when trading with local brokers since any financial authority does not regulate them. However, conducting research on local brokers takes a huge amount of time and as such, we’ve put together a list of reputable brokers that are used by millions of traders worldwide, so you don’t have to worry about putting your money with suspicious local brokers.

1. Pick an available binary options broker in Afghanistan

Traders should first verify reputable brokers before choosing to sign up and trade with them. Although local brokers can seem convenient, they may not be reliable since there are no financial authorities supervising their actions and platform. This means that there is a possibility that the brokers available in Afghanistan may put your capital at risk when you trade with them or offer you unfair rates.

We’ve gathered a list of popular offshore brokers below that are regulated by international financial authorities and are legal in Afghanistan.

  1. Quotex
  2. Pocket Option
  3. Binomo
  4. Olymp Trade
Broker:
Regulation:
Yield & Assets:
Advantages:
The offer:
5.0/5
12345
/
Yield: 95%+
100+ Markets
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
  • Signals
Live-account from $10
  Sign up for free

(Risk warning: Trading is risky)

5.0/5
12345
MISA
Yield: 97%+
100+ Markets
  • Welcomes international clients
  • Offers high payouts: 90% – 97%+
  • Professional-grade trading platform
  • Swift deposit process
  • Enables Social Trading
  • Provides free bonus incentives
Live-account from $ 5
  Sign up for free

(Risk warning: Trading is risky)

4.7/5
12345
Financial Commission
Yield: 90%+
50+ Markets
  • Low minimum deposit of $10
  • Easy platform to use
  • $1,000 demo account
  • Fast payouts
  • Free bonuses
  • Trading contests
Live-account from $10
  Sign up for free

(Risk warning: Trading is risky)

5.0/5
12345
Financial Commission
Yield: 90%+
100+ Markets
  • Professional platform
  • Free demo account
  • $10 minimum deposit
  • Webinars and education
  • High payouts
Live-account from $10
  Sign up for free

(Risk warning: Trading is risky)

Broker:
Regulation:
/
Yield & Assets:
Yield: 95%+
100+ Markets
Advantages:
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
  • Signals
The offer:
Broker:
Regulation:
MISA
Yield & Assets:
Yield: 97%+
100+ Markets
Advantages:
  • Welcomes international clients
  • Offers high payouts: 90% – 97%+
  • Professional-grade trading platform
  • Swift deposit process
  • Enables Social Trading
  • Provides free bonus incentives
The offer:
Broker:
Regulation:
Financial Commission
Yield & Assets:
Yield: 90%+
50+ Markets
Advantages:
  • Low minimum deposit of $10
  • Easy platform to use
  • $1,000 demo account
  • Fast payouts
  • Free bonuses
  • Trading contests
The offer:
Broker:
Regulation:
Financial Commission
Yield & Assets:
Yield: 90%+
100+ Markets
Advantages:
  • Professional platform
  • Free demo account
  • $10 minimum deposit
  • Webinars and education
  • High payouts
The offer:

Quotex

Quotex is a legal online broker providing binary options trading services in Afghanistan. Quotex has its headquarters in Seychelles and operates a regulated office in St. Vincent and the Grenadines.

Quotex’s platform comes with 29 technical indicators to help traders place profitable bets. Although the broker has only been around for a relatively short time (2019), Quotex is a legitimate broker regulated by the Financial  Service Authority in St. Vincent and the Grenadines (SVGFSA). Traders can choose from 12 account currencies and trade various markets, including forex, cryptocurrencies, stock indices, oils, and metals.

Quotex at a glance:

  • Minimum deposit: $10
  • Assets: cryptocurrencies, forex, commodities, indices.
  • Platform: Quotex mobile app, Quotex web app.
  • Support: 24-7
  • Leverage: 1:1
  • Bonus: promo codes and deposit
› Sign up for Binary Options broker Quotex in Afghanistan

(Risk Warning: Your capital can be at risk.)

Pocket Option

Pocket Option is a legal trading platform in Afghanistan. Pocket Option is an binary options broker founded in 2017. It is headquartered in Costa Rica and regulated by the MISA Regulator.

Pocket Option offers Afghan traders access to various binary options markets through its proprietary app. Its platform comes with a social trading feature that offers the opportunity for passive earnings. Access to the binary options market is made easy with a low minimum deposit. The broker also offers meta trader 5. But the minimum deposit to trade forex on this platform is $1000.

Pocket Option summary:

  • Minimum deposit: $5
  • Regulator: MISA
  • Assets: forex pairs, stocks, and cryptocurrencies
  • Platform: Mt5.
  • Support: 24/7 phone, chat, email
  • Leverage: 1:100
  • Bonus: welcome bonus, promo codes, cashback
➥ Sign up with Pocket Option for free

(Risk warning: You capital can be at risk)

Binomo

Binomo is a legal trading platform in Afghanistan and has been a popular financial technology service provider offering binary options trading services since 2014. Binomo’s headquarters is in St. Vincent and the Grenadines.

The company is a member of Hong Kong’s Financial Commission, an independent conflict resolution entity for forex traders and brokers. As a member of this organization, Binomo offers insurance compensation schemes to traders on its platforms. Afghan traders can trade binary options on the broker’s in-house platform called Binomo.

Binomo summary:

  • Minimum deposit: $10
  • Regulator: International Financial Commission (IFC)
  • Assets: commodities, cryptocurrencies, forex, stocks, and indices.
  • Platform: Binomo
  • Support: 24/7
➥ Sign up with Binomo for free

(Risk warning: You capital can be at risk)

Olymp Trade

Olymp Trade is a legal trading platform in Afghanistan and is an online binary options brokerage company that started operations in 2012. Olymp Trade is owned and operated by Saledo Global LLC in St. Vincent and the Grenadines. The broker is registered with the International Financial Commission.

The broker offers quality support in the form of education through the Olymp Trade academy. This online service gives beginners and inexperienced traders access to valuable educational resources, including courses, periodic webinars, trading strategies, and advice on the market.

Olymp trade summary:

  • Minimum deposit: $10
  • Regulator: International Financial Commission
  • Assets: stocks, indices, currency pairs, and cryptocurrencies.
  • Platform: MT4, Olymp trade platform.
  • Support: 24 – 7
➥ Sign up with Olymp Trade for free now!

(Risk warning: You capital can be at risk)

2. Sign up for a trading account

Once you have chosen a broker, visit their website to register for a trading account. The broker’s webpage for your region will load to give you access to the appropriate services.

The signup button should be on the top of the page. Click on the button to begin. Enter the requested information, such as email address and, if applicable, full name. You will also be required to agree to the broker’s service terms, confirm you are above 18 years old, choose a password, and select your preferred trading currency.

Note that not all brokers will allow trading in your national currency. But there will be several closer options to choose from. In this case, you can choose any other available one, and the broker will do a conversion each time you deposit or withdraw from the account.

After completing the signup form, you will need to confirm your details by clicking on the link in the confirmation email that the broker sends you. Completing the signup might require identity confirmation. Scanning and uploading a national ID and utility bill should suffice.

Yes, binary options trading is legal in Afghanistan. There is no law against binary options trading. Afghan traders should deal only with regulated brokers whose license they can confirm. Traders should also consult the local regulations on online trading and taxes to avoid trading outside the country’s laws.

3. Use a demo or live account


Demo accounts in binary trading serve beginners and attract experienced traders for trial runs. Strategies may falter due to errors, market changes, or psychological factors.

A binary options demo account allows for practice and understanding of market dynamics without financial loss. Experienced traders can fine-tune and adjust their strategies risk-free.

Setting up a demo account is advisable to grasp binary options trading fundamentals before actual trading. Experienced traders confident in their binary options knowledge can directly opt for a real account.

4. Pick an asset to trade

Newcomers and beginners should start their trading journey on a demo account by focusing on a limited selection of assets. This approach allows them to gain familiarity and comfort with specific market behaviors, price movements, and strategies without the overwhelming feeling of navigating multiple markets simultaneously. Concentrating on a single asset when starting with binary options is beneficial to ensure a focused and manageable learning experience.

Experienced traders should also use demo accounts to acquaint themselves with the trading platform’s features and functionalities before engaging in live trading. This preparatory step can enhance their trading efficiency and effectiveness on the live platform.

5. Make an analysis


In the realm of binary options trading, indicators play a crucial role by being superimposed on charts to scrutinize market dynamics. Traders leverage these tools to spot trends and patterns within the underlying markets, which could impact their trading strategies. It’s common for traders to integrate various indicators into their analytical methods.

Technical indicators are broadly classified into three groups:

  • Trend indicators help identify the direction of price movements and are occasionally referred to as oscillators due to their fluctuating nature.
  • Momentum indicators are employed to gauge the strength of a trend and can signal potential reversal points in trading.
  • Volatility indicators assess the intensity of price fluctuations caused by market changes.

For those new to binary options trading, starting with a straightforward strategy tailored to your chosen asset is advisable. You can refine and adapt these strategies if they prove successful, keeping in mind that each trader’s approach is uniquely their own.

6. Place the trade


Binary options trading simplifies decision-making for traders by boiling down the process to a straightforward choice: predicting whether an asset’s value will rise or fall. This simplicity attracts novices unfamiliar with the complex financial markets, offering them a binary decision-making framework. Before entering a binary options trade, traders must decide which direction they want to bet on.

Beginners are advised to start with small investments in binary options to grasp how the price of the option correlates with the asset’s price movements. This initial cautious approach allows for gradual learning and risk management. As confidence and understanding grow, traders can increase their investments to enhance potential returns.

Seasoned traders, once familiar with the trading platform, can proceed to place trades based on their market analysis and strategic insights.

7. Wait for the result

Holding a binary option contract until expiration results in a binary outcome: traders either receive a pre-defined payout or nothing. After the trade concludes, the outcome of the binary options trade becomes clear, depending on whether the value of the underlying asset moved in the predicted direction.

Successful trades, where the asset’s movement aligns with the trader’s prediction, lead to a payout. Conversely, if the trade does not match the initial analysis, the trader receives no return.

Based on the results of previous trades, traders can refine their strategies for improved signals and outcomes or continue trading in a similar manner, informed by the outcomes of recent transactions.

How Do I Deposit Funds into my Trading Account?

Depositing funds to trade should be easy as brokers tend to offer a variety of payment methods. The popular payment options are bank cards, such as MasterCard and Visa. Bank transfer options are also available, though it takes longer for funds to settle with this option.

Click on the Funding or Money tab on the broker’s platform to fund the trading account. Select the deposit option and choose a payment method from the options that appear.

Fill out the necessary details on the deposit request form and click submit. Depending on the method you use, the account should receive the funds within a few minutes to a few days.

How Do I Withdraw Funds from my Trading Account?

Withdrawing your profits is as easy as depositing funds. But the processing time may take longer. Click on the funds tab on the platform and select the withdrawal option.

Choose the payment method you prefer and fill out the withdrawal request form. Once you click on submit, the broker will receive the request and start processing it.

Note that withdrawals take longer to process than deposits in most cases. However, the average wait period is two days. If you use a bank transfer method, it might take longer.

Conclusion: Binary Options brokers are available in Afghanistan

Many binary options brokerages welcome Afghanistan traders on their trading platforms.

The basic offerings are the same. But the trading conditions vary. The brokers recommended here offer great services and are all legal and regulated. Should you choose to use a broker that’s not recommended, do make sure to check that the broker’s website states the license number and the financial authority that regulates them.

Frequently Asked Questions (FAQs)

Which e-wallet can I use as an Afghani trader to fund my accounts?

The most popular electronic wallets used to fund accounts in Afghanistan are Skrill and Neteller.

Is binary trading legal in Afghanistan?

Yes, binary options trading is permitted in Afghanistan, and there are no specific laws prohibiting it. Afghan traders are encouraged to work exclusively with regulated brokers, ensuring they can verify the broker’s license for added security.

How much money do you need in Afghanistan to trade binary options?

To begin trading binary options in Afghanistan, you will typically need to deposit funds into a trading account with a broker. The required amount varies based on the broker and your chosen strategy.

What are common payment methods for binary options brokers in Afghanistan?

Typically, traders opt for popular choices like MasterCard and Visa for bank card transactions. Bank transfers are an alternative option, although they require more time for fund settlements.

What are the risks of binary trading options in Afghanistan?

Binary options trading in Afghanistan entails significant risks, including a high potential for financial loss due to its speculative nature. The absence of clear regulation can expose traders to fraudulent practices, and the fast-paced, short-term nature of binary options can lead to impulsive decisions.

Can you trade binary options for free in Afghanistan?

Yes, brokers in Afghanistan offer demo accounts that allow you to practice trading free without risking real money, but actual trading with the potential for profit or loss generally requires an initial deposit into your trading account.

What percentage of binary option traders lose money?

Between ten and thirty per cent of traders profit from binary options, and sixty per cent and ninety per cent of people lose money.

About the author

Percival Knight
Percival Knight is an experienced Binary Options trader for more than ten years. Mainly, he trades 60-second trades at a very high hit rate. My favorite strategies is by using candlesticks and fake-breakouts

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