Good news US citizens, binary options trading has recently matured into a much more stable marketplace. The wild west phase of is mostly behind us. A lot of traders are at a bit of a loss where regulations and legalities are concerned. Is it something that you can legally do?
These questions are especially hot in the USA, where regulations and laws are constantly changing. There are two main aspects to this issue. Legalities concerning the binary trading brokers and legalities concerning the actual binary option traders.
Are binary options legal for U.S. traders? Trade legally
IE, you, most likely. So have a look at various binary options platforms, and check if they accept US traders first. Then test out their features and read reviews of broker reputations before you decide which broker to invest your money with. Learn more about these brokers in our reviews. You can find the basic details, see screen shots and learn our editors thoughts about the broker before depositing your own money.
One of our long term favorite brokers is Markets World. They are located in the Isle of Man off the coast of the UK and have been providing traders in the US a quality choice of brokers when the majority of them have been not so great.
Nadex listed — This is the one true legal option for USA citizens who want a broker with headquarters INSIDE the USA.
Now listing Nadex as one of our trusted binary brokers. They are a U. S exchange with HQ in Chicago. These guys are regulated by the U. BOL Financial — Known as an honest sports betting site , Betonline is now offering a binary option product. I highly recommend them for the casual trader who just wants to bet on which way price is moving.
You get a quality bonus if you want it, huge returns and when you win you will get paid. Live webcam account managers. New interesting twist on how to trade. USA friendly and great customer service. US based traders are limited to a quality broker like NADEX and MarketsWorld — which has been one of our favorites for years anyway.
Canadian Binary Options Brokers - Legal Trading Sites
The above binary trading websites are where hundreds of thousands of US investors and traders are placing their trades at today. Some binary options brokers are regulated. On the whole, government regulation is not yet as strict for brokers of binary options as it is for brokers for Forex or some other trade types.
Regulation also does not automatically equal instant reputation and a quality, legit place to trade. That, comes from an earned reputation. Which the above brokers have earned through quality service, fair trades, fast payouts and good customer service. If you trade with a non-regulated broker, the risk is that there is no third party to monitor the transactions and ensure that fairness is upheld. Other than the binary trading community at large.
Your money may not be kept in a trust account. If your broker is regulated, however, there is a third-party watchdog which helps to ensure fairness, and your money is required to be kept in a trust account.
Several months ago in May of , the Cyprus Securities and Exchange Commission CySEC announced that binary options are now classified as a financial instrument by the Cyprus government and that all binary options brokers within Cyprus will have to be regulated within six months of the announcement.
A very popular broker called BDB used to serve the US market but for now we have to strike Banc de Binary and 24option, who also no longer accepts US action.
With the recent implementation of the Dodd-Frank Financial Reform Act , there have been a lot of changes to the way that brokers operate.
With tightened restrictions which are confusing to many existing brokers , a number of international brokers have decided not to offer their services to US clients at this time, because they want the terms of the restrictions to be clarified before they find themselves violating terms without meaning to.
Are binary options a scam? Binary options are a legit way to trade stocks, currencies, commodities and indices. Sure those returns are possible but the risks are huge , and they never mention that in the marketing.
Sitemap Binary trading carries significant risk. Never invest more than you can afford to lose. This site is not financial advice or any offer of financial advice. This site is for entertainment and informational purposes only. Clicking on links to external sites may result in affiliate income for the publishers of this website. NOTICE - This website is not a binary trading website and is NOT owned by any binary options company. We are informational and entertainment only.
No trading is offered or solicited by BinaryTrading. Binary Options Companies are not regulated within the United States. These companies are not regulated, managed, connected or affiliated with any of the regulatory agencies such as the Securities and Exchange Commission SEC , Commodity Futures Trading Commission CFTC or National Futures Association NFA , or any other US Regulatory Body.
Please take notice that any unregulated trading acitity by U. Citizens is considered unlawful.
Trade at your own risk. Please be aware of the risks inherent with binary options trading and trading the financial markets; never invest more money than you can risk losing.
Binary Options Watch Dog | Putting Scams Out of Business!
The risks involved in trading binary options are high and may not be suitable for all investors. BinaryTrading does not retain any responsibility for any trading losses you might face as a result of using the information hosted on this website.
Free Demo Account Binary For Dummies Recommended Brokers. Toggle navigation Binary Trading. Learn How To Trade Binary Options The Very Basics Of Binary Trading Beginners Checklist What Can You Trade? Is Binary Trading Legal In The USA? The Best Brokers US Accepted — US Friendly Trading Websites The above binary trading websites are where hundreds of thousands of US investors and traders are placing their trades at today.
Comprehensive 24 Option Trading Guide — Excellent broker with stellar reputation.
SEC Guide To Finding A Securities Attorney CFTC Fraud Advisory The CFTC Page on Basics of Futures Trading Aftermath of the US Regulatory Warning The National Futures Association Nadex — North American Derivatives Exchange as well as our full NADEX review.
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