No, in the sense that they can trade anywhere and all that matters is where spot is priced at exp. PD-exotics have barriers/KOs/KIs. Say you buy a bull touch on AAPL at 175. A digital can trade past 175 but expire below and it will expire at 0/100 while a touch will pay out when it touched 175.
https://www.fca.org.uk/consumers/binary-options-scams The British love Binary options It makes sense, it would quite easy to manipulate a price for five seconds in order to fake an outcome.
I do know IG Markets got Digitals available on S&P 500, Nasdaq 100, etc. if one got "Pro" trader status qualification on their platform.
For what I understand one can still trade them, without any investor protection. They have banned the promotions and the sales from the UK, but I understand a uk customer can open an account with one of these offshore brokers (Malta, BVI) and trade them.
Do you see an opportunity if traded as a part of a complex structure, like one touch hedged by a vanilla option spread (butterfly, risk rev)? Or on their own betting on the one touch?
Of course, you can open an account at your own risk in a tax haven region, but the FCA won't protect your funds, which is the whole point of dealing with a regulated broker. Some have pointed out cryptos as similar vehicles, so I guess you could treat those brokes in Malta like having an account with Bifinex in Hong Kong. I don't think you would send the majority of your funds there.
I agree, although some are regulated, just not by the FCA. I wouldn't send the majority of my funds. Although, it appears it's not a ban like for the USA customers, at least for deriv.com/binary.com as dest pointed out.
Legit dealers will not open an account in a prohibited jurisdiction. You have no recourse outside of whining on a review site. The review sites are filled with bad reviews centered on slow/no pay with pocketoptions.com. even if it’s gameable you run the risk of wasting time building up a stake only to be told to fuck off. You can’t risk putting real money there and you risk wasting the time to build a legit-stake. Not worth the effort as they will screw you on the withdrawal.