Binary Options Brokers That Accept US Traders
Here is a list of brokers that accept US binary options traders as of 2015/09:
Of these, Nadex is the only US regulated binary options broker. To get more in-depth reviews on these brokers, please take a look at this link of trusted broker reviews to get detailed information that covers:
- Minimum Deposit
- Minimum Trade
- Minimum Withdrawal
- Live Chat Support Available
- Maximum Per Trade
- Withdrawals Process Days
- Established Date
- Do They Accept US Traders
Recently there has been a lot of confusion with regards to the SpotOption platform that is used by many binary options brokers, such as CherryTrade, Bloombex, and many others. USA based traders have recently experiencing difficulty in signing up with any broker that utilizes this platform as a base for their trading.
However, this does not mean that US traders can no longer trade binary options. The reason for SpotOption currently blocking USA traders is because they are in the process of applying to be fully US regulated. Part of this process involves them not accepting American traders at this time. We do not know how long this will take, and if they will be approved, and therefore we are providing alternative binary options brokers that do not use the SpotOption trading platform as a base. This also does not affect Nadex.com, which is already US regulated.
Also be aware that at this time, US binary options traders might not be able to deposit additional money into SpotOption-based brokers, even though you are still able to sign in and trade with the money in your account. If you experience any problems in this regard, please do not hesitate to contact me.
Below is a video by Michael Freeman, who is widely recognized and respected in the binary options industry, with his insider insights into what is happening with SpotOption and the binary options industry in general.
We will constantly update our Binary Options Brokers – USA list – to reflect the best binary options brokers available. This is a list that is based on the best information we have at the time, and they are deemed to be the best binary options brokers available at the time of writing. However, companies are ultimately only as good as the people that run them, so this list might change as new information comes to light.
If you have any complaints or problems with any of these brokers, please notify us . We will do our best to help you resolve any issues, no really, we will. Let me tell you why.
We get paid a referral fee when you click on any of these links. This also means that we send lots of traffic to these binary options brokers, USA regulations have currently only approved Nadex as a US based regulated broker. This binary options brokers list is therefore essentially a list of the best binary options brokers, USA and otherwise, that accept US traders, even though they are not regulated in the USA. If you’re not happy with the service they provide, , and they will end up on our blacklisted brokers list to warn others.
If they end up on our blacklisted brokers, I will also tell my blogger friends about it. That will in turn hurt their reputation in the marketplace, as well as their search engine rankings. If they get a bad reputation they will lose customers, and they don’t want to lose customers.
The Binary Options trading industry is growing at a very fast pace, here in the USA and even more so in other countries, but when you’re part of it, news spreads like you’re in a small country town, and ultimately that is the best defense against scams. We constantly keep our ears to the ground to be on the lookout for any potential issues, and new developments. If you want to know what we know, please subscribe to our emails below, and we will keep you informed!
Remember to always make sure you understand the terms of any Bonus offers, don’t deposit more than you can afford to lose, and always ask questions if there are terms or conditions that are not clear to you. All of these brokers, with the exception of Nadex, are not regulated in the USA, so make sure you understand the implications.
Not all of these brokers have been fully reviewed yet and this is also because we do not do a review of a broker unless I’ve opened an account with them and tried them out. Please check back often and subscribe to our emails to stay up to date.
Binary Options Trading in the USA
If you have been thinking about binary options trading, and you’re a USA resident or citizen, you probably have encountered the issue of not having as many brokers to choose from as the rest of the world. You might also wonder why.
Binary options trading has taken the world by storm. It is so popular because of its simplicity and the protection it provides from market spikes, while offering almost instant fixed returns on the simple premise that you predict whether a particular currency pair, index or stock will be higher or lower within a set time-frame.
You only need to think back on the recent unexpected devaluation of the Chinese Yuan against the Dollar, the impact of the Greek debt crisis and even the removal of the cap on the Swiss Franc earlier this year which caused a lot of regular Forex traders to lose a lot more than just their initial deposits, to see why binary options trading has suddenly become so popular. This has also lead to an increase in people searching for the best binary options brokers, USA and elsewhere, that are reliable and trustworthy.
Take a look at the drop in the USD/CHF below to see exactly what I’m talking about.
With binary options trading, you know beforehand exactly what your potential gains and losses will be, and you get exactly that, whether the market moved 1 micro-pip or a 1,000 micro-pips against you or for you.
With regular trading, an event like the USD/CHF move on 15 January 2015 could have made you an instant millionaire, probably more by luck than wisdom, but it also ruined the lives of a lot of regular traders who suddenly owed their brokers a lot more than what they deposited.
Thankfully I did not lose money on that day, but I immediately started looking for alternatives, and that’s when I discovered binary options trading which protects you against unexpected losses when there are big moves and spikes in the market that you did not expect.
When the People’s Bank of China announced the devaluation of the Chinese Yuan it caused a 2,000 pip movement in a matter of a minutes. The removal of the cap on the Swiss Franc caused it to lose over 2,600 pips in under 30 minutes, and although I enjoy Forex trading, the scale and frequency of such large and very unexpected moves in the Forex market, in particular, has scared a lot of people away from regular Forex trading.
Unless you’re more of a gambler than a trader, regular Forex trading has certainly become a lot more risky the last few months. This has ironically made binary options a much safer bet (pun intended), since in my opinion it provides you with a far better risk vs. reward structure, where you can actually control your exposure.
The rest of the world are spoiled for choice when it comes to binary options brokers, USA traders have much slimmer pickings. However, that does not mean that you cannot find a good broker, you just need to know where to look. Binary options broker USA choices are limited due to the Commodity Futures Trading Commission (CFTC) rules which prevent non-USA regulated brokers from soliciting you to sign up with them. Currently the only binary options broker that has been approved by the CFTC is NADEX.com, unfortunately their platform is rather complex. All of this basically came about because the binary broker Banc De Binary aggressively pursued USA based traders, which included one particular individual who only had $1,000 to his name and no job.
Let’s just get something straight, if you only have a $1,000 to your name, you should not be trading, not binary options or anything else. All types of trading involve risk, and you should be able to manage that without going broke.
Among other things, they got sued for binary options trading in the USA by the CFTC for pursuing customers like that, which caused a lot of other binary brokers to back off from the US market. However, there are a number of non-USA regulated brokers available that accept US traders, but you are signing up with them at your own risk.
To me, the possibility of owing my broker thousands of dollars on a $100 trade that jumped over my stop-loss in a freak spike, far outweighs the potential risk of a binary broker cheating me out of a micro-pip or two if an expiry ends up being a close call. At least I know exactly what my risk is, and I know that I can get a return of 80% to 85% within a few minutes or in a day at most, without worrying about a market spike wiping out my account, and then some.
The truth is that you do get unscrupulous businesses out there (yeah, shocker, right?), and some businesses will be out to get your money whether they’re regulated, licensed, binary options brokers USA based or not.
If you trade binary options, withdraw any additional funds that you don’t need to trade with on a weekly or monthly basis. There’s no reason to leave all your money with them, it’s not like regular trading where you need a lot of money to cover your margin calls. Literally take your profits, manage your risk exposure and stay smart.
While I cannot promise to make more brokers available to you, I will hopefully help you to broaden your options, and guide you to make good choices out of the binary options brokers that are available to US traders.
I will be doing interviews with broker representatives, and get their take on why they believe their firms are the best, and hopefully also get some real user feedback so that you can get a better assessment of what your options are.