Gold & Silver Trading Banned in US – How to Trade Gold & Silver in USA?
As you all aware, starting from July 15th, 2011, in accordance to Dodd-Frank Wall Street Reform and Consumer Protection Act, which’s being enforced by CFTC, all Forex brokers based in USA, who are registered with CFTC, are required to stop offering precious metal trading (including two most traded metals: Gold and Silver) and leveraged commodities to retail clients.
As the result of the Dodd-Frank Act, unfortunately, US traders will no longer be able to trade precious metal such as Gold and Silver in Forex trading. However, a good news is that US based traders could still trade precious metals in another form of investment: Binary Options trading. Brokers such as 24option, traderush, anyoption are still offering precious metals to trading for everyone, including US based-clients.
Having fully regulation could be a good thing, but it’ll restrict a lot of trading instrument and opportunities, not only for USA traders, but for general traders as well. Therefore, tapping in Binary Options industry could be a smart way of investment. Of course, traders need to be aware of the lack of regulation fact of binary options industry, so you could choose for yourselves a good, reliable brokers to trade Gold and Silver. A good starting point for choosing a good broker could be our guide to find the best binary options brokers.