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US Binary Options Brokers 2020
It’s not very easy to find binary options brokers, that are actually ready to allow traders from the USA.
Because of their different regulations and restrictions, most of the binary options brokers out there are unable accept US traders.
Our team has done the research, to bring you an updated list of binary options brokers that still accept Americans. We’ve registered on all binary options brokers that still accept US traders and we’ve tested them all. Below you will find the best us binary options brokers and exchanges.
Best US Binary Options Exchange:
Nadex – CFTC Regulated US Exchange
Nadex is the only binary exchange that has a CFTC license. This site is exclusive to US traders.
- Most Trusted US Binary Platform
- CFTC Regulation
- No Broker Commissions
Nadex is the only regulated binary options exchange in the US. For this reason we think that it’s very safe. If you need more information, you can read our Nadex review.
Alternatives To US Binary Options Brokers
There aren’t many US binary options brokers to choose from. However there are plenty of US brokers that offer other types of trading: CFD, Stocks, Cryptocurrency, Forex etc.
If you are interested in binary options, you will definitely like these other forms of trading.
Here is a list with the best US brokers that offer other types of trading:
|$50||YES||+ FOREX TRADING||TRADE NOW|
|$100||YES||+ GET 1 FREE STOCK||TRADE NOW|
Binary Options Brokers That Still Accept US Traders
The brokers in the detailed list below are some of the oldest and best names in the industry. All the brokers listed on this page welcome traders from the USA.
Only the best are viable, and the safety as well as the security of your data on their servers is very high. There are many scams out there, and only a few truly trustworthy brokers.
We have tested all of these brokers. Look at the short reviews below for more information:
Best Binary Options Broker!
Perfect For Beginners!
Free Trading Education!
Free Demo Account!
Good Choice For Experienced Traders!
Nadex is the only regulated (CFTC regulated) binary options broker that accepts US traders. The broker offers charting and technical analyisis tools, as well as, advanced order types.
The minimum deposit is only $250.
BinaryCent is currently the best US welcome binary options broker. They offer a fantastic deposit bonus, and the trading platform is top-notch.
Binary Mate has a maximum payout of up to 95%. The minimum deposit is $250 and they offer a 100% deposit bonus to all new traders.
WARNING! WE DO NOT RECOMMEND THIS BROKER ANYMORE VISIT BINARYCENT
CentoBot is a binary options robot that accepts US traders. The minimum investment is only $0.10 and the max return is 90%.
This auto trading robot is 100% free if you sign up and deposit on their recommended broker (the minimum deposit there is $250).
WARNING! WE DO NOT RECOMMEND THIS BROKER ANYMORE VISIT CENTOBOT
How To Pick A US Binary Options Broker
Overall, you need to be careful when choosing the right US binary options broker for you. There are a lot of scams out there, so you probably should take the advice in this list seriously if you want your investments to be safe. We will update this list as frequently as possible because more and more brokers are closing their doors to US traders.
Please note that Nadex is not a broker, but an exchange.
What customer like about Nadex is, that it has no broker commissions. The US Government requires Nadex to keep the clients’ funds in segregated accounts.
|Rank||Broker||Min. Deposit||Max Returns*||Features||Review|
|$250||100%||+ Regulated US Brand||TRADE NOW|
Never deposit on a binary options broker that we (or any other trader) do not recommend. You can also check our scams page to find out which brokers are scams.
Unfortunately US welcome brokers are not regulated by CYSEC or ASIC. Therefore you have to be extra cautious where you deposit your money.
Non-USA Binary Options Brokers
In order to help our American traders find the best brokers and keep them updated, we’ve decided to also list the brokers that used to accept Americans, but stopped later on.
Take at the list below, with all binary options brokers that accepted US traders in the past:
|BinaryMate||100%||$250||95%||US NOT ACCEPTED|
|ctoption||100%||$250||85%||US NOT ACCEPTED|
|OptionRobot||100%||$200||90%||US NOT ACCEPTED|
|Boss Capital||100%||$200||85%||US NOT ACCEPTED|
|CherryTrade||100%||$200||81%||US NOT ACCEPTED|
|Optionleague||100%||$200||99%||US NOT ACCEPTED|
Brokers That Stopped Accepting USA Traders or Closed
FinRally is the newest binary options broker to accept US traders. They have a great payout of up to 95% and the minimum deposit is $250.
Update: This broker closed.
Founded in the year 2020, this broker is owned by Norske Inter LP and Lerona Impex SA. It used to welcome traders from the US, but currently they only accept Europe and most parts of Asia. The broker is based on the SpotOption 2.0 platform, one of the most popular with traders everywhere.
It features over 100 assets to trade in and has some of the highest security measures out there. There is secure trading, as well as speedy 1 hour withdrawals possible. With a return of up to 90% for traders, and signals from over 10,000 traders globally using the ZuluTrade feature integrated into the platform, this broker is one of the best out there for people in the USA.
Update: This broker closed. There were also some scam reports.
This is one of the older brokers out there, having been around since the year 2020. It is owned by Infinicore, a company that is to be found in St. Vincent (offshore). While they aren’t licensed by CySec, this is so that they can support traders from the USA without any hassle.
This broker is not regulated in the US.
The broker has over 100 assets to trade as well as a demo account possible to sample the features before using it. It is popular among traders all over the world, mainly because of the 90% payout to traders.
There is a free social trading feature on the platform as well as unique OTC trades that allow up to 40% more trading time every day.
Update: Tradethunder closed. Opened in 2020, Trade Thunder is still a young company, owned by LGK Industries Ltd., based in the UK.
They offer traders from the US a nice welcome, and have a very unique platform to trade on called the Leverate BX8 platform. It is a platform that is used a lot in Forex trading. The payouts from this broker are up to 90% of the initial deposit, which can be done in many currencies.
With multilingual support and easy trading, this is one of the best US brokers out there.
Update: This broker closed.
This broker opened up in the year 2020, and was one of the best to accept traders from the US (they stopped accepting USA Traders in 2020). They have a great bonus for the first deposit for customers, with up to 10 risk free trades offered to new traders. It is owned by a company based in the UK called Running Forest Partners Ltd., and have 5 different types of US binary options accounts, each of which has its own set of material for learning as well different deposit requirements. Expiry on options expire in any time from 30 seconds to 6 months, and there are multiple currency options available.
Update: This broker closed.
This binary options broker was created in 2020, making it one of the newer options out there. It is owned by FLY Ltd., located in St. Vincent & Grenadines, and has a registered office in the UK as well. It was open to traders from the US without any restrictions but they decided to stop accepting them in 2020.
Returns to traders is about 85%, but some of the trading methods it offers can give bonuses up to 1500% of the deposit. Their platform is browser-based, has a small learning curve, and is very easy. A mobile app is also incoming. The broker offers over 150 assets for trade, with real time updates on the state of the market. It is one of the more feature-filled out there.
Binary Options USA: What To Consider
Please note that most US brokers are unregulated. Therefore please do your own research before signing up and before becoming a binary options customer there. All unregulated brokers are “ok” at best. There is a higher risk of getting scammed by an unregulated broker. Also read their terms and conditions before depositing (check their withdrawal conditions). It is the best to stay away from unregulated brokers.
American Traders Guide
The USA is a tricky place to trade binary options from. With regulations and laws continually changing, you may be asking yourself if the information you have is correct and up to date. Firstly, it is “not” illegal to use binary options in the US. However, you may find it more of a challenge compared to other countries.
That said binary options trading is not as regulated as compared to Forex or other trading types so the restrictions are not as tight as they could be. It is essential though to make sure you trade with a reputable, regulated broker whether USA based or as long as they legally accept US traders.
With the recent spotlight on online trading, many US traders now find themselves without a reliable broker. Who can you open an account with and are there are any regulations that you should be aware of? Well, we are here to answer those questions and provide you with advice through our carefully curated list of brokers.
In this article, you will learn:
The brokers best suited to your needs What local payment methods are accepted Taxes and fees that apply to US residents
Traders in The USA
While binary trading in the US is legal, the Commodity Futures Trading Commission (CFTC) classed options trading as akin to gambling and put in place sanctions and legislation similar to those that govern casinos. These rules prevent many international firms from advertising their services and soliciting US traders which then leads them to stop accepting new signups. The limited choice of international brokers available means traders sometimes choose a locally based broker.
While it is difficult to find an international broker that accepts US traders, there are still some good ones to choose. With increased regulations, many brokerages have now decided to move their head offices to locations like London and Cyprus making it hard to find a good USA broker. So, in such a heavily regulated binary options market, what should you be looking for and how do you know which broker to choose? We take a look at some of the things you should be looking out for:
Licensing And Regulation
When something is as heavily restricted as binary options trading is in the US, there will be companies that try and trade under the radar! Exercise caution and make sure you choose a broker with reputable licensing and regulation.
Asset And Trade Types
With a restriction on brokers that you can choose from, you want to make sure that you pick one that offers everything you want. Make sure they provide the range of assets that you are looking for and a variety of trade types.
Mobile Trading Features
Trading on the go has become critical to many of you. Who has the time to be stuck behind a computer in this era of modern technology? Check that the broker offers a mobile app or at least a responsive website trading platform.
Free Demo account
Check out the various demo accounts and the restrictions that apply to use them. Can you use it without making a minimum deposit and is it reloadable? Are you able to carry on using it to complement and enhance your trading skills?
Given the unknown quantity of external brokers and the restrictions of those available to them many people, when faced with a choice, will choose a local broker sadly missing out on some of the great offers available from international sites. Following our recommendations and reviews will ensure that you get a good trading experience whoever you choose to use.
Broker Fees And Tax
USA law states any profits earned from binary options trading are subject to US tax. You must report the income as either capital gains or revenue to the IRS. If you are making a small amount, then the money can be declared as income; however, if it is a significant amount, then it must be reported as capital gains tax.
Of course, your profits can be offset by any losses so you must declare the overall income earned taking into account money lost. As brokers don’t fall under the same category as casino’s, they don’t have to send you a tax form, so it is the responsibility of the trader to ensure they declare the revenue in the appropriate tax year.
Aside from taxes, there are a few other small fees to consider:
Deductions for the commission of successful trades which happens at source Broker fees for processing deposits and withdrawals using specific payment methods e-Banking platforms tend to charge a small commission for each deposit, and certain types of wire transfers will have costs associated with them Currency conversion fees if trading in a different currency
While these fees aren’t huge, it is worth shopping around for the best payment providers and option brokers that don’t charge fees for deposits and withdrawals. Consider making fewer but larger deposits or withdrawals to minimise the set fees.
While some questions surround binary option regulation and the legalities of trading we are here to remove any areas of uncertainty and provide you with fact-based knowledge. It is perfectly legal to trade binary options in the USA, and for traders to register with any broker, but it is illegal for offshore companies to solicit traders unless they have a Commodity Futures Trading Commission (CFTC) license.
Because of this difficulty of entering the USA market and the red tape surrounding it, many international brokers do not accept US traders with many leaving for countries like England and Cyprus.
Some big-name brokers are widely known and accepted and can save the trader from having to go looking for an appropriate offshore broker. There are also plenty of Commodity Futures Trading Commission (CFTC) licensed companies that are allowed to sign-up traders from the USA and are not deterred by the legislation.
Without spending time and effort in researching these companies, many people tend to stick with what they know. We, however, think that the choice should be there for you to make and so we use our expertise and experience to research the market and bring you the best binary options brokers that are licensed to trade in the US.
Exercise caution and make sure you choose a broker with reputable licensing and regulation.
How we Recommend Brokers
For US traders it can be a lengthy process finding an appropriate broker use. The legislation and regulations mean that you can’t just find one that you like the look of to open an account. Not only should you be comparing their offering to that of their competition but you need to check that all binary option brokers are licensed to trade in the USA.
We understand that you don’t have unlimited time to go through a long list of brokers to find the one that offers the best benefits to you then to see that they won’t accept your business. To help you and save you much time we have put together a list of recommendations to ensure that you find the best trading account for you without having to spend hours finding it.
It doesn’t matter what country we’re reviewing when it comes to binary trading; the USA gets the same treatment. Our recommendations and reviews cover many crucial points. These include the benefits such as great bonuses, the quality of the signals service, the usability and functionality of the trading platforms and the payouts on offer. We have a team of experts whose purpose is to investigate the offerings of all brokers to find the best US binary options broker and recommend them to you.
Frequently Asked Questions
Is binary trading in the USA legal and safe?
It is legal to trade a binary option, but it is illegal for any company to solicit business and trade unless they have a local license. In terms of safety, it is perfectly safe to trade with a reputable broker.
Do I need to pay fees and taxes on my profits?
The IRS requires all residents to declare their income and pay any taxes according to federal law. It is not the responsibility of the brokers to keep a record of traders’ deposits and withdrawals.
Can I test brokers before trading with real money?
A demo account is a crucial feature of any reliable and reputable broker. With a demo account, a new account holder can register and take advantage of this demo feature before they have to use their own money.
Is it easy to make deposits and withdrawals?
As long as you have a way to an initial deposit using a widely accepted debit card, then you can pay quickly. Withdrawals can take between 3-5 days, but some sites offer a quicker turnaround.
Can I trade using my mobile or tablet device?
Many good US brokers offer a reliable mobile site and an app for iOS and Android. If the broker that you are looking at doesn’t provide an excellent mobile service, then we say avoid them.
Jacob has been an author for us since our launch in 2020. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations.
Best Binary Options Brokers for USA (Top Trading Platforms 2020)
Binary means 0 and 1 and that is the rule in binary option trading too. The basic idea is to put your money on a yes or no, that’s it. If you get it right on the trade then you take home the interest or you get nothing. Here we will learn about those which are for US traders.
As far as US is concerned, traders here have real difficulty finding a reliable and trustworthy binary option broker. If we’re talking about brokers based in US, there is only the NADEX for binary options trading.
However, there are few world-renowned, popular trading sites that are there for US traders even from outside. The first thing US traders should look for in a binary options broker is the ability to trade in US Dollars. Beyond that, what is more important than currency is having payouts available in US-based banks.
Another thing to look for here is multi-platform access, so it’s easy to trade on the go.
Here are the Top 5 Best Binary Options Brokers for USA Buyers
1. Nadex (best options broker overall)
A favorite binary options broker among US traders and headquartered in Chicago, Nadex is licensed by the Commodity Futures Trading Commission (CFTC). Nadex is not just a binary options broker but it is a binary exchange operating as per regulations of US government.
The minimum deposit needed is $100. There are four different trading platforms on Nadex- Free demo trading, Nadex trader, Nadex pro, and mobile trading.
You don’t have any software to download to trade on Nadex. Everything goes on your browser.
US residents can do deposits through debit cards, Automated clearing house (ACH), wire transfers and paper check but non-residential US traders don’t have the paper check option. Minimum investment is $25 and you can have a maximum payout of over 200%.
2. Finpari (best binary brokers outside the US)
Because it is not in US and is regulated by CySEC pushes it to the second spot. Other than that, it is better than Nadex in many ways for US traders. It offers a maximum return of 90% and there is a 100% bonus rate with $250 as a welcome bonus.
The minimum deposit on Finpari is $250 and it works on a very smooth and user-friendly SpotOption platfrom; It is fully functional for mobile devices.
Amount you can invest with this binary options broker
The minimum investment is $1 and maximum you can invest is $1500 with bronze, silver and gold accounts. Finpari accepts USD, EUR, GBP and RUB.
3. BinaryMate (one of the best binary trading sites in the UK)
BinaryMate quite new to the list of US-legitimate binary options brokers. Launched in 2020, BinaryMate is operated from Scotland. It has a proprietary platform for trading that includes live 24/7 video chat with managers.
With an amazing payout rate, you can have returns up to 95% in just 60 seconds. There are over 100 assets with three type of accounts- gold, silver and bronze. Demo accounts are also offered to all the customers after deposit.
The minimum deposit amount is $250. Minimum account size is also $250 whereas you can start trading from a minimum amount of $1. Maximum payout rate is 95%. There are range of withdrawal methods.
4. Capital Bank Markets
Capital Bank Markets is a binary options broker with professional trading technology which, at the same time, is easy enough for new traders. There is a mobile app currently under development, which will soon provide easy on-the-go trading to users.
It accepts a minimum deposit of $500 but there is a unique student account option for college students, which allows student users to start with a minimum deposit of $250. You can start trading with as little as $25.
Short term assets expires in 3 min to an hour whereas long term assets are available any day from open market until closing, with a gap of 15 minutes. Payouts range up to 95% and you have over 300 assets for trading.
MarketsWorld is another proprietary trading platform headquartered at Isle of Man in Great Britain. It is regulated by the Gambling Supervision Commission. The first minimum deposit needed is $10 and the minimum trade amount is only $1.
The bonus rate is 100% with a cash match up to $1000. You get a maximum payout rate of 90%. The platform is quite simple and very fast; there are no hassles are using it, even on mobile. The only thing that keeps this at last place is the number of assets available for trading, of which there are only 16. Other than that, this binary option broker is fast on withdrawals, relatively risk-free trade, with huge potential for bonuses.
Editor’s note on the best binary options brokers
Are you looking for a traditional option broker? We’ve compiled a list of the very best right here.
Don’t slack on trading equity shares! We recommend signing up for veteran trader John Thomas’ trade alerts, where you get to receive trade suggestions from the man himself. Trade knowing that your chances for success are all that much higher. Learn more here.
USA Binary Options Trading and Brokers 2020
At US Binary Options our financial analysts have selected the top trusted US regulated binary platforms in 2020 and the best stock options brokers.
From 2020, we compare and provide professional reviews on all binary trading platforms in order to help you choose the broker that suits you best.
Check out our top Binary options brokers comparison table to find a trusted platform, and also our platform blacklist with scam brokers to avoid.
Read our guide about binary options trading for beginners as well as few basic binary strategies that you should take into consideration.
What are Binary Options?
These are a new kind of investment. What you will do is speculate on which way you think the asset will go in, or the direction it will go in. What you used to do was you have to purchase the asset now that no longer has to happen. When the platform is used to purchase a binary option the contract that is made enables the buyer to buy an asset which is underlying and at a price that is fixed and with a time frame that is fixed and specified with the seller.
Are there other Names for Binaries?
All or nothing options are also another name for binaries and are digital options + Fixed Return Options or FRO’s. Each of their names stresses the nature of the binary option. When it comes to outcomes there is always two possible results and this is something that the investor will be aware of before they purchase the option. The following is an example:
- Binary option for Microsoft is purchased at $100
- At the end of the day their shares will be much higher than they were when purchased
- So 71% is the return offered on this investment
This is a particular category of option where a person would be able to get either all or nothing when there comes to talk about the payout. This thing makes binary options easier a lot to know as well as makes the trading process with them trouble free than the previous traditional options.
These options are like this;
- They can only be traded until they expire
- Once these are expired, they would surely be settled for the customer in already specified amount (in dollars)
- If the trade expires and it is out of the money then this means that the buyer gets nothing
So now you can see why binary options can either enable you to gain which is the upside or you end up with a loss which is the downside, there is always a risk when it comes to binary option trading. If you were trading in the traditional way then things would be different.
All or Nothing
When it comes down to the platform you are using for trading.
- Nothing can mean something
- Even it happens; at the time of expiration, the proprietor of the particular option could be given a payout yet when there is no money in their hands.
Binary options can also be found under other names including:
- Exchange Market
- Digital Options
Other things to Learn
Before you decide to start trading there are a few things that you should research first including:
- Learn the outcome options
- Decide your position
- Learn how the price is determined
- Learn the advantages of binary and traditional options
- Learn where binary options are traded
- Check the implicit transaction costs of binary options
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 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 different 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 ones 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 not regulated.
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
Regulation In The United States
Now just because something is legal it 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 option 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 trader or broker can end up being banned for long periods of time.
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 USA binary option 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 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.
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