Top 5 Best US Binary Options Brokers
Our financial analysts have selected the top binary platforms for the USA that works in 2022.
Best International Binary Options Platforms *
Best CFTC Regulated Binary Options brokers (exchange)
Best Binary Options USA Exchange
North American Derivatives Exchange (Nadex) established in the year 2009 is a US-based exchange, which is a subsidiary of IG Group Holdings Plc. Nadex, regulated by the CFTC is also one of the most trusted brokers among the US traders. The simple to use trading tools also offer advanced tools for needy traders. Moreover, you can access educational material at the Nadex learning center. You can also try their demo account on the desktop or portable devices.
Are Binary Brokers legal in the US?
Regarding regulation for the offshore binary options brokers, we can affirm that some binary options brokers are already regulated in the European Union ( CySEC ), but not yet in the United States.
Since 2006 US binary options have been in America, but they have only just started to become popular since the middle of 2008. This has happened; traders and brokers have started popping up from many states all over the US, what has happened is that people are now wanting to start a career in binary options trading and the one thing that is on every one lip is:
Now when it comes to binary options are divided into two levels and these are:
- US regulated exchange platforms by CFTC, where Americans can trade binary options legally: NADEX and CANTOR EXCHANGE.
- Offshore brokers are not regulated such as Pocket Option.
The OCC or the Options Clearing Corporation in 2007 ruled that binary platforms would become legal then in 2008 the SEC or the Securities and Exchange Commission approved binary options and listed them as cash or nothing security. Then the American Stock Exchange or Amex and the Chicago Board Operations or the CBOE also listed binary options with exactly the same name. Then NADEX or the North American Derivatives Exchange added to its trading platforms binary options. But one thing has been done and that is a restriction has been imposed:
- Americans are free to trade with binary options as long as the broker they are using is legitimate
- The broker has to have a legal business in the county it is in and has to have followed and processed the procedures for it to operate
- Also, they must not have been banned by the federal government for transacting with US citizens in this business
Are binary options trading legal in the USA? The Regulation.
Now just because something is legal does not mean that it is regulated.
- Legal means that it is protected
- Regulated means that it is not protected
Well US binary options brokers are regulated and over the years binary regulations are becoming more and more stringent. It is the OCC that has made a point of making these regulations harder and also making sure that binary options sold by brokers have the right securities. Rules regarding trading have now been put in place and traders and brokers are expected to abide by them, if they don’t and they violate the rules then either or both traders or brokers can end up being banned for long periods of time.
The main financial regulatory bodies in the United States are:
These have also been set for things such as indices and how many can be listed, this gives better control to the trading that is going on in the market. Scams have also started to rear their ugly heads when it comes to binary options USA trading too. Some of these scams have been very malicious and ended up causing some traders to lose thousands of dollars. But because of the SEC and the US Department of Justice have taken legal action very quickly against the crooks by doing things such as:
- Freezing their bank accounts
- Putting them behind bars
The traders that were scammed were able to get some of their deposits even though it is not the entire amount back, the federal government has been able to enforce justice when it is needed and making the broker who was involved in the scams accountable for what they did wrong. This is now why there has been a hard-core regulation within the United States and they will keep on doing so until the binary options market is strong and reliable in America.