Can a US Trader Open a Binary Options Account
In the United States, binary options trading became legal in 2008 . but it wasn’t until the last two years that they have really taken off in popularity. Luckily, most of the major online brokers cater to their clients from the United States. This makes it a lot easier for U. S. citizens to now enjoy the quick pace and big profits that this type of trading offers. If you are from the United States, finding a broker that allows U. S. citizens is not currently a big deal. Still, you may need to look around a little bit. The list below are our top three that are open to US traders and will help guide you in the right direction.
TradeRush is a big binary options broker that is happy to welcome traders from the United States. Although they are based in Cyprus, TradeRush has many different international support phone numbers so that regardless of where you are in the world, you can get in touch with them and get the assistance that you need. TradeRush separates itself from the other major brokers because of the unique trading opportunities that it gives its clients. You have the typical selection of stocks, indices, commodities, and currencies, but you also have unusual pairs that you can trade, such as Apple vs. Amazon. This allows traders to make different kinds of decisions and can be an easy way for you to increase your profits in a way you couldn’t anywhere else.
They offer returns of up to 81 percent on their typical options. This is pretty competitive and is yet another reason why this is such a strong broker to do business with. Read our Full Review on TradeRush .
24Option offers a good deal of different asset choices including the standard stock, index, commodity, and currency selections. If you are looking for the biggest array of asset types, this broker is for you . They offer 60 second options, one touch, and boundary options, too. This will allow you to customize your binary trading in a big and effective manner. Additionally, they also have high yield touch options, which allow the trader to gain up to 350 percent profits on a single trade.
24Options is based out of the country of Cyprus, but they allow U. S. traders and have a multilingual support staff that will help you out in English along with other languages. This broker is a great tool to use if you want to become a successful trader because they offer more types of option trading than pretty much any of the other major brokers. This is one of the big factors in why they have become so popular over the last couple years. Read our Full 24Option Review .
GTOptions is a great broker for U. S. residents to use because it has the highest payouts of pretty much all of the major brokers. You can usually find the asset you wish to trade for 80 percent or higher if you look. This makes them a very strong broker and one that definitely merits your attention. If you are worried about sacrificing asset choice for high returns, though, you do not need to worry. GTOptions offers a large number of assets . including many international financial products, including currency cross pairs, stocks, and indices from all over the world. GTOptions also shares a platform with Banc de Binary. so you know their transactions are going to be extremely reliable.
The thing that separates GTOptions from the others isn’t just their impressive returns . They also tend to have a very good section on their website devoted to traders’ tools. You can find all sorts of odds and ends that you can use to further educate yourself and become a more knowledgeable trader. In a world that is always evolving, keeping up with financial trends and developments is a big plus for any trader. If you want to stay on top of things, you need to read a lot of news and financial summaries. GTOptions supplies all of these things on their site for you so you don’t have to search too hard. Read our full GTOptions review here .
Other Brokers and information you may want to consider:
Nadex – A very large broker offering clients enormous trading options.
Currency Trading Risks – Make sure you know the risks when trading no matter the market.
Understanding Taxes – Make sure you pay your taxes on profits made.