There’s no truth in the rumor that binary trading is illegal in the USA, in fact it is perfectly legal. It is simply a matter of who holds a European regulation (CySec) that changes the rules, making it extremely difficult to operate in the US due to regulatory conflicts between Europe and the US. Since 2012 a large number of reliable brokers stopped accepting US clients and stopped serving the US market altogether. There are over 200 competing binary options brokers currently, and just a handful of good reliable brokers that will accept US traders.
Traders based in the USA, will notice that not all binary option brokers cater to that market due to regulation purposes that allow only European, African and Asian countries to trade. Be sure of two things when you do register to a broker that they allow US traders. 1. That you register to a reputable broker and 2. that they do in fact accept us traders. The U.S. control authority CFTC and the NFA authorize certain brokers within their territory by providing them with a license. Even though not all binary brokers are regulated and registered with the NFA, they still are able to accept American residents wanting to trade.
If you are based in the USA I have to tell you that there are no real regulated US brokers so it is a hard task sorting the reliable brokers that accept US traders from the frauds, this is why selecting a reputable broker is a difficult task.
|Broker||Bonus||Min Deposit||Payout||US Traders||Review||Open Account|
|Up to 100%||$200.00||Up to 85%||Review||Visit Broker|
My Advice On Finding A Reputable US Friendly Broker Is:
- Check if deposit and withdrawal methods that are US compatible
- Check whether the sites have a good solid track record
- Look for a site that gives you a very wide range of different and varied types of options to trade
- Check of they offer instant execution of trades
- Is it a robust and popular trading platform also used by European regulated brokers?
- Make sure trader support is available in your time zone
- Ensure payout, deposits and withdrawals are seamless and secured
Top 2 US Friendly Brokers
This broker has found its way to the top of my list. Founded in 2009 and based in London. They stay true to the customer being a priority – they also execute same day withdrawals which is something you hardly see in this industry. They have a simple yet robust platform, with a variety of assets to choose from. Read here the full GOptions Review.
Based in Gibraltar, the company was founded in 2014, although a new broker on the scene, it is by far a more refined approach to trading binary options. Boss Capital accepts traders worldwide with a specialization in traders from the USA and Japan. Read here the full BOSS Capital Review.