US Binary Options Brokers
USA Accepted Binary Options Brokers
|1||Lbinary||93%||60s, 2m, 5m, 15m, 30m, 1hr, 24h+||100%||$200|
|2||Cherry Trade||93%||60s, 15m, 30m, 1h, 24h+||80%||$200|
|3||BeeOptions||91%||15m, 30m, 1h, 24h+||80%||$200|
|4||uBinary||90%||60s, 15m, 30m, 1h, 24h+||100%||$250|
|6||Goptions||87%||60s, 15m, 30m, 1h, 24h+||50%||$250|
The list is taken from weeks of research and compilation, I hope you appreciate our team’s efforts. There’s also rating and full review for your reference. Due to regulation in USA, there’s not a whole lot of Binary Options brokers for USA citizens, however, I believe the top-notch one is still there like 24Option or Banc De Binary, those brokers have been tried and test by us for years without any problem. For me, I believe that any serious broker would get their paper done to be regulated in US because the USA market is huge for any broker.
In the last 6 months of 2012, binary options trade became an extremely hot subject due to regulations and legalities are of concerned. The perpetual changes of regulations and laws make many traders losing their profits, especially in USA. Two main aspects of this issue are legal concerning about the binary trading brokers and legal concerning about the actual binary option traders.
In USA, you are against the law when you trade binary options. If only you are an US citizen, there are some limitations to your binary option trade. You are only able to trade with a smaller but quality selection of legit binary brokers. It’s quite difficult for you to find out broker who will accept you. Simply, because US government have arranged binary options into a category that rather like gambling, you can only trade at 24Option, TradeRush and StockPair, which is also regulated at the moment.
If you are not an USA citizen, it seems needless to be worry since there is less difficulties than in US. Even though, we still suggest that you should pay complete attentions before investing your hard-earned money. First of all, you have to check whether the platform is accepted in US or not. After that, search for information, reviews and feedbacks about binary options platforms to make sure about that broker.
Binary options trading market is a big pie that bad brokers trying to make profit illegally. However, since the government’s management to brokers of binary options is not as strict as to Forex brokers, there are a lot of illegal brokers exists. Another problem that the government are facing is that regulation does not automatically match with reputation and a quality or legit place to trade immediately.
In case your decision was wrong, which mean your broker is not regulated, there would be a lot of risk happens to your money. For example, trading with a non-regulated broker goes along with none of third party acknowledge your transactions or guarantee for fairness. These situations would never happen when you trade with regulated brokers, since there always is a third-party that ensure fairness and safety for your money. In May, 2012, the Cyprus Securities and Exchange Commission (CySEC) announced that the Cyprus government had classified binary options as a financial instrument and all binary options brokers within Cyprus will have to be regulated within six months of the announcement. You can take a look at the list of regulated brokers before investment since there are famous brokers which aren’t regulated yet.
Ultimately, most of the disorder about the legality of binary options trading in the US is whether the citizens can trade legally or not. Recently, with the addition of the Dodd-Frank Financial Reform Act, ways of operating have been changing a lot. Many international brokers have decided not to offer their service in US at the moment since they still confuse about the tighten restriction. They are looking forward to the clarification of the terms before violating unintentionally.
In conclusion, we must emphasize that binary option scam is completely wrong. It is a legit way to trade stocks, currencies, commodities and indices. The potential scam comes in when trading with illegal brokers or falling in the highly profitable traps such as 300% returns in an hour advertisement. Don’t get it wrong that it’s not real, but remember that you have to face an incredible risk once you want to get that high profit.
There’s a few brokers that we haven’t made any review because we are yet to trade with them, mostly because they are new and unregulated. We left the review for them open, so that if you have traded with them, you could leave reviews and rating on our sites; that small act would help a lot of aspiring traders out there.