In the United States, there are many rules and regulations pertaining to the trading of binary options. However, if you want to trade and you are located in the U.S., there are choices available to you. As you will see, just because you have choices when it comes to your broker—even when you live in the United States—you should still be very careful about which broker you decide to use.
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When you are selecting a broker, the reliability and the reputation of that broker is a key part of your success. Scam sites are rare, but they do exist. A broker that is just out to get your money is not something that you want to be a part of. Yes, binary brokers do need to make money to stay going, but this should be because they are offering a strong product to their clientele, not because they are swindling people. When a broker has a good product, it creates the profits that they need to stay open for the long term. A scam site will be new, and it will not last long.
However, you are in a place of responsibility when it comes to your own money. You need to do your own personal research and ensure that the broker that you decide to go with is operating in a legal capacity, is open to people in the country where you live, and has a competitive series of rates of return. This way, you will make sure that the broker you decide upon is on the up and up and is going to be helpful to you as a trader.
Binary options trading is risky, and trading with a disreputable broker will only increase that risk needlessly. If you want to have a chance of being a successful trader, you need to go with a strong and reliable broker. You can trade in safe environment if you use a binary options practise account.
Ideally, your best binary options broker will be really easy to access. You shouldn’t have issues creating and funding an account, and if you want to withdraw your cash, you should have no problems seeing that money show up in your bank account. Financial transactions naturally need to have a lot of limits placed upon them, and of course you want a broker that will more than comply with the local laws. This should involve very strict security measures to help prevent money laundering and other types of fraud. Despite these safety measures, it is possible for a broker to give you quick access to trading funds, and it is possible for withdrawals back to your bank account to be processed swiftly.
There are binary options brokers available to traders in the U.S., but most of them are not regulated within the country. Most top binary option brokers absolutely prohibit traders from the U.S. to even stay on their website and block all content. Others will gladly accept traders from here even if they are not technically allowed to do so. Money is money, and because it is very difficult for authorities to track this kind of thing and crack down on it, many brokers take advantage of traders. Read more about such scam brokers on our binary options blacklist.
However, even if a broker is regulated outside of the U.S., this does not mean that it is safe for traders based here to use these sites. Currently, there is only one binary options broker that is legally regulated within the United States: Nadex. While other brokers might be regulated by official bodies, our Nadex review shows it is the only broker currently offering binary options that is regulated in the U.S by the CFTC.
There are a lot of brokers for you to choose from, even if you live in a country that has strict regulations about who can offer trading legally within the borders of their land. But just because you can use a broker doesn’t mean that you should use a broker. Do your research and be sure to follow your country’s regulations so that you and your money are protected. In the United States, this means that if you want to trade binary options, you need to create an account with Nadex.
Nadex is currently the only online binary trading exchange regulated by the CFTC. The reason for a binary options exchange to be regulated is to secure that another regulatory body is overseeing that the trades and payouts are happening fairly and according to the rules. Unlike CFTC regulated exchanges offshore companies can more easily get away with stealing your money as there is no authority you can report the crime to who would have jurisdiction nor take the matter serious.
CFTC stands for Commodity Futures Trading Commission and they have their own whistleblower program and takes your security very serious.
So, you’ve followed all of the local regulations that pertain to you, and you have been very careful to select a proper broker. Great! The next step is to maximize your potential as a trader. At Nadex, trades are executed on a sort of scale. Your goal is to predict whether the price of that asset will go up or down. That’s it. However, you will get a return only if you are correct, and that return will vary based upon the likelihood of that trade coming to fruition over the stated period of time. Take a look at some of the binary options payout rates you can expect from other providers.
For example, let’s say that you believe that the price of the S&P 500 will increase by the end of the day. You will be given a price for an upward trend on a scale of $0 to $100. If you are correct, you will be awarded with a profit of $100 minus whatever the price was that you paid. If you paid $50, then your profit will be $50. The amount that you pay depends on several factors, including the asset’s momentum and how much time is left before expiry.
It is possible to trade much less than $50 in some instances, or much more. Not all trades have the same likelihood of coming to fruition. This separates Nadex from many of the other binary options brokers out there. It is a similar concept, but a very different mindset is needed. You may find a trade that costs $1 to enter and will profit $99. Or, you might find a trade that costs $99 to enter and will profit $1. Whatever it is that you risk, that is the maximum that you can lose. Binary options do not imply any sort of ownership of an asset.
This is different from the European style binary options that most people are familiar with, and as a result, trading at Nadex requires very different binary options strategies than what you would have used for other sites. If you want to be profitable, a lot of study and time will be needed to better your existing strategy. It’s not like you can trade 60 second binary options the same way. Even then, there is nothing guaranteed with trading. You still can lose money. By being cautious, selecting the best broker for your needs, and having a strong trading strategy and risk management system, you can minimize your chances of losing money. Nadex helps to ensure that you are protected when you trade by allowing traders to end trades early at either a partial loss or a partial profit, depending on where their trades stands at the time that it is closed. This isn’t something you will want to use often, but it can be a helpful way to hedge positions.
Low minimum deposit became industry standard with most of binary options brokers these days. This amount is usually $10, however, there are some brokers that have minimum deposit as low as $5.
Unfortunately, this is not the case with the brokers that accept US traders. There are no brokers with the minimum deposit requirement of just $10.
US binary options broker Nadex has a minimum deposit requirement of $250 and even thou this amount is much higher, it still does not represent huge capital that a trader has to invest in order to start trading.
IQ Option is one of the popular binary options brokers in the industry nowadays. To their traders worldwide, this broker offers top notch platform and multiple trading tools and services to choose from. IQ Option USA, however, is not available for US clients nor they have access to IQ Option trading platform.
They have been recognized as a service provider that has revolutionized the binary options trading concept. They have also introduced trading techniques that are modern and user-friendly for traders all over the world excluding traders from USA.
IQ Option broker doesn’t accept traders from the USA.
IQ Option has been formed by experts from the IT industry who were specialists. Analysts and traders have been quite happy with their standards of service in the binary options trading industry. The platform used by IQ Option is convenient for both the beginners as well as the professional traders. IQ Option USA exists as a division but does not accept traders from the United States of America. IQ Option operates during the working time of the major stock exchanges on weekdays from 09:00 to 23:00.
IQ Option Europe Ltd is regulated by CySEC and has its headquarters in Limassol, Cyprus. Its website is available in both English and Russian. Their platform is one of the most advanced that are present on the market for trading binary options. This broker offers a variety of quality services that traders can use in order to profit from them and increase their funds.
IQ Option doesn’t offer bonuses!
IQ Option bonus is a good solution for them as it inspires both the beginners and professional traders in the process of binary options trading. IQ Option trading platform is safe and trusted, where rules that govern their operations and trading laws are transparent enough for traders and they clearly state what they have to do in order to claim their bonuses from them.
IQ Option bonus is not obligatory. Therefore, If there is any doubt concerning the bonus claims, they can contact their support center that will help them claim the IQ Option bonus.
IQ Option offers trading in many different languages to attract traders from around the world. There is no complexity in receiving and claiming an IQ Option bonus. A trader who has an elementary knowledge on how does this binary options broker work in the trading market, can easily claim the IQ Option bonus if he is eligible for it.
Generally, IQ Option bonuses are offered at 100% over the trader’s investments and the payouts are up to 90%. Traders get several opportunities to avail of these chances and earn extra amounts. It is easy for them to claim their bonuses as they only need to understand the requirements. In case the amount that they have traded with IQ option is much lower than the required investment levels, then all they have to do is to trade some more in order to qualify for the limited bonus offer facilities.
An IQ Option bonus is offered to the beginners traders particularly to motivate them to make investments in binary options trading process. It inspires the traders and makes them feel excited when they are given a nice return on their investments. It is also the trading platform of IQ Option that inspires the traders and gives them confidence and passion to trade with binary options.
Before they claim any IQ Option bonus, traders have to register themselves and learn how to utilize the offers that the company is providing them. They have to verify their personal identity with email addresses, contact numbers and credentials.
There are different kinds of IQ Option bonus. These bonuses will vary as per the amounts that they have deposited and the investments that they have made. With a deposit amount of $100, the offer of bonus is 20% and it goes on up to a maximum bonus amount limit of $10,000.
IQ Option is one of the well-known binary options brokers in the industry. Due to that fact, there has been no reported IQ Option complaints and no significant negative reviews on this broker.
They present their services since 2013 and in that period of time, they made a positive name for themselves as broker who provides very nice trading platform for performing trading actions in binary options.
Several analysts have given a feedback that IQ Option has tried to offer facilities to traders with a fair and friendly environment so that they could utilize their trading skills. As a result of such facilitation, IQ Option has earned recognition and awards for the services they offer. When you visit their website, you will be able to evaluate the reason as to why there are no IQ option complaints.
Their goal is to have satisfied and long-term traders who will use their platform and who will maximize profit with this broker. Since 2013, they only received positive reviews from their traders and analysts, thanks to the quality trading instruments and services.
It has not given any chance to its customers for registering any IQ Option complaints on the facilities that it offers. They provide a long list of different assets for traders to choose from and several trading modes that allow its traders to achieve their profiting opportunities with a fixed determination. It is continuously improving its services by adding many new products to its asset list.
Trading binary options in the U.S. is possible, but there are very strict laws that need to be followed, both by traders and by the brokers that offer their services. Currently, the only broker that provides this service in the USA is Nadex. They are one of the most strictly regulated brokers in the world, and they still have a wide variety of trades and assets available on their site, all with competitive rates of return. If you live in the United States, you should read our Nadex review. It is the only site that you should consider trading binary options with.