Top 10 US Binary Options Brokers by TradersAsset
The legal landscape for Binary Options trading in America is somewhat confusing. There are two bodies that license and regulate online financial trading in the USA. These are the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) .
Neither of these has shown an interest in licensing online brokers or putting together a regulatory framework that will allow them to trade in the US. There are however, many offshore-based Binary Options trading sites that will accept you as a customer if you reside in the US.
Top 10 US Binary Options Brokers
Recommended Binary Options Brokers for US Traders
We suggest that US traders investigate each potential broker that you are considering signing up with, as not all will operate to the highest standards. With that in mind however, below is a list of approved and tested Binary Options brokers that will accept US traders.
We can confidently recommend these brokers as they offer their customers a safe and secure trading environment and each operates to the very highest of standards.
Porter Finance – We highly recommend Porter Finance as they are a new, but highly reliable broker, run by a team that has experience running successful Binary Options Brokers accepting US traders. They offer a proven trading platform and their team of personal account managers are always prepared to go that extra mile and treat you as a valued customer. Their broker website boasts a wealth of helpful information to help you register and make profitable trades.
LBinary – We were blown away by the broker LBinary when we reviewed them. They accept and welcome traders from the US, and all other corners of the globe. Generous welcome bonuses and risk free trading incentives are provided to all new and existing traders. If you are looking for a fantastic, hassle-free and reliable broker, look no further.
Cherry Trade – This US friendly broker only launched in early 2014, but went on to fast become a firm contender in the competitive world of Binary Options trading. You are guaranteed to find a number of tradable assets and trading tools at CherryTrade. Their trading platform is easy to use and prompt payouts are guaranteed no matter where in the US you’re from.
Requirements of a US Friendly Binary Options Trading Site
US Binary Options traders should ensure that any US-friendly broker they use meets a certain number of criteria. Have a look at top 10 brokers list for this year written by top10binary. net if you want to view the most up to date list. We have compiled an overview of the items worth checking for your convenience. See below.
US Banking Options – US Binary Options traders may have problems when trying to deposit and withdraw funds at some Binary Options brokers. Please make sure that any broker that you are contemplating using offers a wide range of cost free banking solutions. Simply ask the support team of each broker how fast their withdrawals are, and if there are any fees or charges. You can then trade without issue.
Trade in US Dollars – Some Binary Options trading sites may insist that you open an account in another currency other than US Dollars. This may be easier for the brokers, but please note that you will incur currency exchange fees when depositing and withdrawing funds. With this in mind, make sure any broker that you trade with gives you the option of funding and trading in US Dollars or find another broker that will!
Multi-Platform Access – One final requirement that US traders may want to consider checking is the ability to access both the online and mobile trading platforms offered by most Binary Options brokers. This is worth considering as some brokers only permit US-based customers access to their trading platform by desktop. This is obviously inconvenient to traders that favour mobile devices, therefore it’s worth considering this when selecting a broker.