Binarycent — Is an unregulated broker that offers binary options trading services to global clients.
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You will also be pleased to learn that they also offer a very wide range of Forex Options and as such you are going to be able to pair up the US Dollar with any other worldwide currency and then trade those two currencies against each other. Never send payments or wire money to third-party companies, even if they claim to be official representatives or affiliates of a broker.
The funny thing is that a US resident can trade binary options without having to run into any legal problems. Only brokers run the risk of facing adverse legal action for operating in this market. But the fact that the US has a licensed binary options operator — NADEX — should prove beyond doubt that this industry is legal in this country.
But before doing that, they have the much more difficult job of ensuring that the companies getting such licenses are safe, secure, and offer financial services that are permissible under the US law. So it should not come as a surprise that just NADEX has the legal authority to offer binary options trading services in the US at the moment. The truth is that some of these foreign companies are very good, and would easily meet the licensing requirements of the US regulators.
However, their notoriously cautious approach to binary options licensing makes this an unachievable dream for many of these companies. This binary options operator has the authority to market binary options services in the US and accept US account holders. It also has to honor some of the most stringent operational requirements in the world. Naturally, that also makes it one of the best platforms for binary options trading. Sure, lots of US binary options traders use brokers regulated in Europe or some other offshore jurisdiction.
For most part, the best of these companies are safe for US traders. That generally means that US traders who have issues with their offshore binary options brokers have no way of getting protection under local laws. What that says is that offshore binary options companies should be avoided, however reputable their operations. The binary options world has its fair share of surprises. US Always Cracking Down on Offshore Brokers Another reason to avoid offshore brokers and stick to options like NADEX, however limited they may be, is that this country is always cracking down on binary options companies it has not licensed.
Brokers that accept US customers today may not tomorrow. While we are not lawyers and this is not legal advice of any kind, you are not breaking any laws by trading binary options online unless there is something specific based on where you live.
With that broad generalization out of the way, lets take a look at a few of the USA regulatory and licensing authorities at the Federal level. Not only is it legal, but there are actually several officially regulated binary options sites which are operated by exchanges located in the USA. These companies are regulated by the CFTC. So that right there clears up the muddy question of whether trading binary options is legal in the USA at all.
At this point in time however you are not going to find any offshore brokers who are regulated with the CFTC. There are brokers who are working on becoming regulated with the CFTC, but right now regulations are simply not all that clearly defined, and since the groundwork is still being laid, most offshore brokers are not regulated in the US or any other country as binary options brokers. That said, some offshore brokers are regulated in their respective countries most brokers are regulated by a country somewhere in the EU.
But generally under laws which govern other types of financial entities, such as casinos or private banks. This provides a level of protection, even though it is not specific to trading activities.
If an offshore broker claims it is regulated with the CFTC, you should be very suspicious. In time, some of these claims may be factual, but right now, they are not. All investments from traders in the form of account deposits are held in segregated accounts at top tier banks in the nation. The US authorities also maintain strict auditing standards by subjecting companies to detailed financial analysis, which assures of greater financial transparency.
The CFTC and the NFA release new laws on a periodic basis and is seen to raise the minimum capital requirements for regulated companies constantly. These organisations also introduce new laws concerning binary options trading activities, which can have a positive effect on the security aspect of trading. However, some traders may feel that these US regulations to be highly contradictory to the overall freedom of binary options trading, which can also hinder a good trading experience.
If you reside in the US, or even if you are a US citizen residing elsewhere in the world, you should always choose a US-based binary options broker for your trading needs.
Of course, there are numerous benefits of trading with a binary options broker from the USA, such as the regulatory protection, the lower conflict of interest, and the security of trading. Even international traders may find it beneficial to invest in a US company, but they may not receive the same protection as enjoyed by traders from the US.
How To Avoid Scams Verify the regulatory license: Verify the license number through the official website of these agencies, as it can help stay protected from fraudulent claims.
US brokers have a largely positive reputation in the market, but new brokers may not have the experience as its more accomplished competitors. Nevertheless, if you are planning on making a large investment, choose one of our recommended top US binary options brokers for a safe and secure trading environment. Always make payment through secure payment gateways.
Never send payments or wire money to third-party companies, even if they claim to be official representatives or affiliates of a broker.
A good US binary options company will have an excellent customer support team for client interaction. If you are not pleased with the overall customer support experience, it is time to move to a better broker.
USA Binary Options brokers have a tough time of complying with US regulations, which increases the cost of operations. An increased cash outflow can result in lower revenues, which is why a large number of binary options brokers specify high minimum deposit requirements and minimum trading volume limits.
Jan 25, · Looking for binary options brokers that serve US customers? You may already have discovered that many brokers refuse to accept customers from the USA. This may lead you to believe that binary options 4/5. Best US binary options brokers - Compare all binary brokers that accept USA traders. Get the best bonuses. Start trading now. List of the most trusted sites.
Top 10 US Binary Options Brokers by TradersAsset. The legal landscape for Binary Options trading in America is somewhat confusing. There are two bodies that license and regulate online financial trading in the USA. These are the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). US regulation for binary options is very strict comparing with Europrean and Latin American laws. USA traders choose beetween several brokers.
Find list of top 10 binary options brokers to trade on if you are from USA. afylir.tk’s listed US binary options brokers are tested and verified by. Discover 's best binary options brokers in United States. Our trusted experts compare and rate all the top US trading sites for American binary traders.