Fixed-Time Trading Regulation Map 2026
Independent website. BrokerGrove is an independent information resource and is not affiliated with any trading platform. This page is published for consumer protection, under a CC BY 4.0 licence.
As of July 2026, no country on this map licenses fixed-time (binary) options for retail traders. 5 of the 15 jurisdictions tracked effectively ban the route — through a domain block (Indonesia), a binary-options prohibition (Kenya), or a criminalised crypto on-ramp (Algeria, Egypt, Nepal). 4 have issued regulator warnings; the remaining 6 sit in a grey zone with no local licence and no specific ban.
Each row links to our full country guide with the primary sources. The dataset is free to reuse with attribution — a downloadable CSV and a ready attribution line are below.
Regulation by country
Status key. Banned / blocked route effectively banned or the platform blocked. Warning issued a regulator has publicly warned about unlicensed platforms. Grey zone no local licence and no specific action found.
| Country | Regulator(s) | Status | Key law / document | Date |
|---|---|---|---|---|
| Bangladesh | BSEC · Bangladesh Bank | Grey zone | Foreign Exchange Regulation Act 1947; Bangladesh Bank crypto prohibition | 1947 / ongoing |
| Pakistan | SECP · State Bank of Pakistan | Warning issued | SECP investor alerts on unlicensed online trading | ongoing |
| India | RBI · SEBI | Warning issued | RBI Alert List of unauthorised forex platforms | updated 2024–2026 |
| Nepal | Nepal Rastra Bank | Banned / blocked | NRB online-forex prohibition; crypto criminalised | 2019 onward |
| United Arab Emirates | CMA (ex-SCA) · DFSA · FSRA | Grey zone | SCA→CMA transition, Federal Decree-Laws No. 32 & 33 of 2025 | 1 Jan 2026 |
| Qatar | QFMA · QCB · QFCRA | Grey zone | QCB Circular No. 6/2018; QFC Digital Assets Framework | 2018 / Sep 2024 |
| Oman | FSA (ex-CMA) · CBO | Warning issued | FSA warning on unlicensed platforms; VASP Decision No. E/35/2023 | 16 Mar 2025 |
| Saudi Arabia | CMA · SAMA | Warning issued | CMA anti-unlicensed-trading campaigns; Fiqh ruling on binary options | ongoing |
| Kenya | Capital Markets Authority | Banned / blocked | CMA Online Forex Trading Regulations, Reg. 16(4) | 2017 |
| Egypt | FRA · CBE | Banned / blocked | Banking Law No. 194/2020 (crypto) | 2020 |
| Morocco | BAM · AMMC · Office des Changes | Grey zone | Joint crypto warning (2017); regulation draft pending | 2017 / 2025 |
| Algeria | COSOB · Bank of Algeria | Banned / blocked | Law No. 25-10 (crypto criminalisation) | 24 Jul 2025 |
| Indonesia | Bappebti · OJK | Banned / blocked | Bappebti block of 92 binary-options domains (qxbroker.com named) | Feb 2022 |
| Angola | CMC · BNA | Grey zone | Lei 3/24 (crypto: mining banned, trading legal) | 2024 |
| Cameroon | COSUMAF (CEMAC) · BEAC | Grey zone | BEAC caution; no CEMAC licence for the platform | ongoing |
How we built this
Each entry is drawn from the named regulator's own statements, the governing law or decision, and the public warning lists, cross-checked against our individual country guides. Where no regulator has taken a public position on a specific platform, we mark that as a grey zone rather than implying either approval or a ban. This is a consumer-information resource: our goal is to show where retail traders do and do not have legal protection, not to promote any platform.
License and attribution
This regulation map is licensed under a Creative Commons Attribution 4.0 International (CC BY 4.0) licence. You are free to share and adapt it, including commercially, with credit.
Suggested attribution (copy and paste):
Source: Fixed-Time Trading Regulation Map 2026 — BrokerGrove (CC BY 4.0)
HTML:
<a href="https://brokergrove.com/regulation-map/">Fixed-Time Trading Regulation Map 2026</a> by BrokerGrove (CC BY 4.0) |
Last updated: 6 July 2026. Compiled by BrokerGrove. Verify the current position with the named regulator before acting — this is information, not legal or investment advice.
Frequently Asked Questions
Is fixed-time or binary options trading legal anywhere in 2026?
In the markets we track, no regulator licenses fixed-time (binary) options for retail traders. A few jurisdictions license conventional brokers for other products, but the binary/fixed-time format itself sits outside the regulated perimeter almost everywhere, which is why we treat every platform in this category as high-risk.
Which countries ban binary options outright?
On our map, the clearest prohibitions are Kenya (binary options are barred even for licensed brokers under Reg. 16(4)), Indonesia (Bappebti blocked the domains in February 2022), Algeria (the 2025 crypto law removes any legal deposit route), Egypt and Nepal (crypto is criminalised, cutting the practical on-ramp).
What does "grey zone" mean on this map?
Grey zone means no regulator has licensed the platform and none has issued a specific ban or named warning against it. Trading is not explicitly illegal for the individual, but there is no local licence and no investor-protection scheme if something goes wrong.
How current is this data?
The map reflects regulator positions as of July 2026, including recent changes such as the UAE's SCA-to-CMA transition (1 January 2026), Oman's CMA-to-FSA rename (March 2024) and Algeria's Law No. 25-10 (July 2025). Regulation changes; always verify the current position with the named regulator before acting.
Can I reuse this regulation map?
Yes. The data is published under a Creative Commons Attribution 4.0 licence (CC BY 4.0). You may copy, redistribute and adapt it, including commercially, as long as you credit BrokerGrove with a link to this page. A ready-made attribution line is provided below.