If you are wondering why many people prefer binary trading in Norway, then let us answer to this question. Actually, the government of the country decided that all remaining regulations should be lifted and this happened back in 1990. Ever since then the country is really attractive when it comes to binary or forex trading. However, there is one important thing you need to know – every currency, considered as foreign, which means every currency different than the
Krone, should be converted to such within the next 30 days. Of course this is not right when it comes to binary options, simply because there is no currency included, but it might not be a bad thing to know such information.
Best Forex Brokers for United States
However, many investors and brokers prefer to trade with binary options and this is why they choose Norway as their final destination. One thing that attracts their attention is the lack of exchange control for dividend payments, branch profits and service fees. And if something happens and a person thinks that a following case is doubtful – then it is referred to the central bank for rejection or approval.
One thing you might want to know here – Norway do not offer any guarantees against inconvertibility. But on the other hand – there is not much chance for this to happen simply because the monetary system in the country along with the political situation is really stable.
In case it comes to repatriation, you will have to notify the central bank – this is the important thing you need to know here. Otherwise, business profits, mortgages, dividends and different loans can be freely and fully remitted.
Liquidity of the Market
Another directive that you need to pay attention to is the one that provides interest concerning. It has to be credited in case of delay or missing. Every client to the central bank has to provide as much information as possible.
As for the liquidity of the market – it is pretty good and this is why there is a high interest of foreign investors. Below you will find a list of online binary trading options brokers that you can use in Norway.