Binary options trading, while extremely popular, is still relatively new and undiscovered territory when compared to daily trading volume in stocks, currencies, and conventional options. This is one of the reasons it’s difficult to find dependable, high-quality US binary options brokers. If you are looking for binary options platforms in US borders then you are going to be sorely out of luck with the exception of Nadex. The purpose of this page is to maintain an updated list of the most reputable brokers catering to U.S. traders. If you’re new to binary options, we strongly recommend setting up an account at one or more of the sites listed below.
List Of Binary Brokers That Accept US Traders
*Updated for 2016, latest update 9/13/2016
|Broker Reviews||BlackList Rating||Early Expiry||Avg Returns||Min Trade / Deposit||USA?||Ratings||Trade Now|
BOL Financial added 8/15/16 – The team at BetOnline financial comes from the background of sportsbetting and online casino action. They are the polar opposite of Nadex in terms of the binary options trading. However, they have a positive reputation as a fair, honest and legit online casino (source). When you win, you will get paid.
NADEX – the CFTC regulates this binary option exchange. You also only pay a fee per trade to the exchange. Unlike other brokers where they take the opposite end of the trade. Update on 8/26/2016 – the minimum investment is now $250 instead of $100. Check them out and leave your thoughts in our listing!
New TechFinancials platform broker that serves US clients – Tradorax – Reviews / ratings wanted.
Finpari added December 2015 – Quality USA friendly broker based in Scotland with the ever popular SpotOption trading platform.
Not all brokers are created equal. Among those that cater to U.S. binary options traders, you’ll find a variety of features, promotions, payouts, and “small” amenities like rebates on losing trades. We’ve tested several brokers, and have found the following to offer the level of service, features (including top payouts), and ease-of-use we enjoy.
Comparing Three Top Picks
|Returns (In The $)||100% - fee's||80-87%||75-91%|
|Returns (Not in $)||0%||0-15%||0-10%|
|60 Second Options|
|24-7 Customer Support|
|Android / Google App||x|
|Apple / Ipad / Iphone||x|
|Regulation||Yes - CFTC||No||Yes - Isle of Man|
|Review||Learn More||Learn More||Learn More|
|Visit||Trade Now||Trade Now||Trade Now|
Learn more about US Friendly Brokers
- MarketsWorld -MarketsWorld is quietly becoming one of the best all around binary options brokers. Real regulation by a legit governing body, fair binary options and smooth deposits and payouts.
- Finpari – This SpotOption broker operates out of Ireland and gives U.S.A traders a reliable place to trade using the SpotOption trading platform. Finpari accepts US traders and the minimum deposit is $250.
- Nadex – The one USA regulated binary option broker that is based in the USA. NADEX only accepts traders from the US. They are regulated by the CFTC. They have quickly became one of our favorite brokers as they are working to turn the industry around. They do not take the other side of your trade. Instead, they make their money on a fee for each trade whether you buy or sell.
*24Option.com stops accepting USA traders June 13th – after Banc De Binary is sued by the CFTC
- Banc de BinaryJan 20th, 2013 update – Banc De Binary Stops Accepting New US Traders – After being fully regulated by CYSEC and rumored to be in discussions with the CTFC, BDB stops accepting US traders. With payouts up to 90%, Banc de Binary is one of the highest-return US binary options brokers online. They offer a number of attractive features. If you deposit a minimum of $500, you’ll gain access to a practice account. You’ll have an opportunity to “learn the ropes” of binary trading before risking your own capital. You’ll also receive an instant 50% trading bonus (up to $50,000) that you can use toward your trades. Banc de Binary’s trading platform is simple to use and presents all the information you need in an easy-to-digest format. Visit Banc de Binary and claim your 50% bonus when you register your account.
Binary Option Brokers Headquartered In The US
Earlier, we mentioned that nearly all US-friendly binary options brokers are headquartered outside the U.S. To that end, many of the brokers mentioned in the above list operate from Cyprus or the UK.
We’ve only found one that actually maintain their headquarters within U.S. borders: Nadex.com. Nadex.com is based in Chicago. They offer a web-based trading platform through which you can trade numerous indices (U.S., Korea, Germany, etc.), several currency contracts, and a wide range of commodities. The average return on in-the-money trades is currently 75%. You can request access to a $25,000 demo account to practice before placing your own capital at risk.
Don’t underestimate the importance of choosing the right binary broker. The payouts, promotions, and other features will play an important role in your long-term profitability. We recommend that you get started by creating an account at three or four of US binary options brokers we’ve profiled above.
Recognized by the CBOE as a legitimate way to trade options, binary option trading has become one of the fastest-growing ways to participate in the exchange markets. No longer are you forced to buy and hold shares of a particular stock. No longer are you obligated to devote large sums of capital to purchasing an asset you hope will rise in value. Trading binary options gives you an opportunity to make an “all or nothing” wager on whether a broad market moves up or down. Even better, you can do so without placing significant capital at risk.
Binary Options Regulation: What Rules Govern Them?
To understand the regulatory environment in which binary options trading exists, it’s important to be familiar with how they differ from traditional options. A conventional futures contract is an agreement to buy or sell an underlying asset at a specific price. The trader essentially forecasts the price the asset will reach. As its spot price moves up or down, additional contracts can be bought or sold.
Online binary options trading works differently. It’s much simpler. You pick an asset, strike price, expiration date and time, and decide whether you think the spot price will end up above or below the strike. If you choose correctly, you win the trade. Choose incorrectly, and you lose. You don’t own the asset. Instead, you are merely betting on the movement of the asset’s price, or the broader market represented by it.
With this in mind, binary options can be regulated in one of two ways. First, they can be regulated as financial instruments, which allows them to be bought and sold in countries where online gambling may be prohibited. Alternatively, they can be regulated as fixed-odds betting. Think of the US regulated sites like Nadex where they are officially the North American Derivatives Exchange which is fully regulated but offers a completely different type of trading experience than the fun, fast binary option trades we are all doing right now. This is because the binary option contract offers the trader an “either or” (up or down, win or lose) outcome. The risk and potential return are known upfront.
The U.S. regulatory environment has been unfriendly to online gambling over the past decade, and particularly so during the last few years. There are signs that this may change in the near future. However, most US-friendly binary trading sites have chosen to headquarter their operations outside the U.S. in countries such as Cyprus. Today, in 2016 from the traders seat there is nothing illegal about trading binary options from the USA as long as the state and local governments do not prohibit it.
Latest Trader Comments, Questions, Ratings and Complaints For USA Binary Brokers
Leave your comments about these brokers. Please note that the USA market is constantly in flux so some brokers mentioned above may no longer accept US traders and vice versa.