While binary options trading has been well accepted in Europe, Australia and other world points, binary options trading is now also gaining momentum in the United States.
To assist our friends in The Land of the Free, and the Home of the Brave, we are going to provide this article on binary options in the USA.
There are many binary options brokers, but not all brokers are created equal. Our goal is to help United States residents choose the best binary options broker to fit their needs.
The Best Binary Options Brokers For USA Residents
You can do a search online and discover a wide range of binary options brokers who accept United States deposits.
The majority of these brokers are not regulated; as a matter of fact, there is only one binary options broker who is regulated. North American Derivatives Exchange (NADEX) is based in Chicago, Illinois. NADEX is regulated by the U.S. Commodities Futures Trading Commission who makes sure that NADEX operates with no fraudulent activities.
We recommend NADEX as the best binary options trading broker in the United States. A person can start with a low deposit of $100. NADEX also offers a free demo account so a person can practice trading before investing money in the system. They also offer free educational courses on binary options trading on their website.
Now there are some other binary options brokers who have proven themselves reliable and trustworthy who accept deposits from United States residents. These include:
- BinaryMate. BinaryMate is also a London binary options broker. Many traders just love this platform and its ease of use. They do offer a demo account, so you can try it for yourself. The minimum amount a person can deposit is $250.
Best Binary Options Brokers Based In The USA
From the list in the last section, you can plainly see that the majority of binary options brokers are based in the United Kingdom. As a United States citizen, you may have the desire to stay with a United States based binary options broker.
NADEX is the only binary options broker that is incorporated in the United States. The main offices for NADEX are in Chicago, Illinois. If you are an experienced binary options trader, you just may find the NADEX system somewhat different from many others, Many professional binary options traders love the NADEX system, but amateurs can find it confusing. Since NADEX offers a free demo account, and binary trading educational courses, it is wise to take advantage of those resources.
Maybe in time, more brokers will seek to be based in the United States. To do so, they will be under the tight regulations of the CFTC. This can be a great thing, as the CFTC takes fraud quite serious. Many brokers and internet scam artists have discovered the binary options area as a great place to scam people.
As a United States investor, we highly recommend NADEX as a binary options broker.
If you are a citizen of the U.S. and have traded through NADEX or any of the other brokers I have listed here, or any brokers I have not listed, we would love to hear your experience. Are there any tips you would give? Do you have any questions?
Remember, binary options trading has risks. Do not invest more than you are willing to lose. If you educate yourself on binary options techniques and use the most reputable brokers and systems, you will have better chances of seeing nice profits, but nothing is guaranteed. Be wise with your binary option investing.