Friday , December 15 2017
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Binary Options Brokers

Best USA Binary Options Brokers

Binary options brokers are as popular as ever and the simple financial instruments take in numbers of new traders to the market daily. Of course, binary options as such are widely popular among US traders and enthusiasts too, who are known to constantly develop and look for new opportunities to execute the trade.

Best USA Binary Options Brokers

Binary options, however, are under strict regulation in the USA and it has become very demanding to acquire licenses for binary options trading brokers under Commodity Futures Trading Commission (CFTC) and Securities Exchange Commission (SEC). This made the market shrink for US traders who now have to carefully choose the best for them.

Choose a broker from the list below

Best Binary Options Brokers and Trading Platforms:

Bonus
Min. Deposit
Max. Returns
iqoption
100%
$10
92%
Read Review
finpari
100%
$200
90%
Read Review
Binarymate
100%
$250
90%
Read Review
24Option
100%
$250
89%
Read Review
optionweb-grand
100%
$200
88%
Read Review
logo
100%
$200
85%
Read Review
marketsworld-logo
100%
$200
85%
Read Review
nadex-logo
100%
$200
85%
Read Review

 

How to find appropriate options

Although the options are not as varied for a US trader as they are for non-US traders, there is still a lot to choose from. However, traders must be more very careful and consider different aspects to any binary options broker.

Regulation

Binary options trading laws are very restrictive, as all financial trading laws with CFTC and SEC are. This gives a feeling that the US regulatory bodies are generally unwelcoming and unfriendly making the process to get licensed for new, especially offshore, brokers almost unmanageable.

Nadex is a broker owned by US Derivatives Exchange Inc. and they are licensed to operate in the USA. They are the only binary options broker fully legally offering services to US traders.

While the regulation towards the brokers is very strict, it does not apply to the traders themselves. As an American trader, you can trade with any binary options broker willing to take you. Regulatory bodies will advise you against the decision but, generally, there are no laws or regulations to stop you.

Most of the offshore brokers offering trading opportunities to US traders are strictly regulated elsewhere. This means they provide high-quality trading experience, as well as safety to your funds and security to your private data.

MarketsWorld is a United Kingdom binary options broker accepting traders from the United States since 2011. The broker is operated by Markets the World and they are authorized and regulated by the Gambling Supervision Commission.

Finpari is another UK regulated broker. Established in 2014, they welcome US traders and offer really good brokerage services. With a lot of trading assets, generous bonuses, and quality trading platform, Finpari is an EU regulated broker with great reputation.

Banking

Banking is very important for US traders and you would always look for binary options brokers that have a wide range of deposit and withdrawal options. Ideally, you would find a broker that offers both bank transfers and debit cards as well as a range of e-wallets.

We already discussed Nadex and opportunities the broker offers to US traders and banking just goes to build on that. Nadex processes deposit and withdrawal requests within a day and the options range from wire and bank transfers, paper checks, to debit cards. MarketsWorld, as an offshore broker, allows minimum deposits of just $20 through bank transfer, most used credit cards, and e-wallets such as uCash and Neteller.

Finpari does not lag behind in this sense either. US traders can make fee-free deposits using major credit cards, WebMoney, and even bitcoin. Withdrawal times are among the fastest in the industry, which is something this broker takes great pride in. You can expect the money to reach your account the same day, and with e-wallets and bitcoin, your withdrawal will be processed within an hour.

Trading software

The binary options trading platform plays a huge part in the overall trading experience too, where the best brokers offer customization, good interface with a clean, professional look, and easy navigation.

While we definitely enjoyed it, Nadex trading software is definitely a unique platform. The offer itself differs, as the broker shows bid/offer prices instead of returns percentage as they do not take part but rather charge fees. Once you understand the system, the software is really easy to use.

On the other hand, MarketsWorld offers a more straightforward and standardized trading platform, also being highly accurate and fast in execution. Both platforms are very smooth and user-friendly, offering browser-run and mobile apps.

Finpari relies on the well established SpotOption trading platform. The platform features a stylish and very user friendly interface, making your trading experience a pleasant one. One of the most interesting features of SpotOption is the SpotFollow option, making it possible to follow successful traders and base your trades on their knowledge and insight.

Demo account

It’s very important to be able to check out the trading software with no risks involved, and of course, the best way to do it is through a demo account. Unlike many other US and offshore binary options brokers, the above-mentioned Nadex and MarketsWorld trading platforms allow opening completely free, standalone demo accounts with virtual balance and no timeframes within which you have to use it.

As for Finpari, they do offer a demo account, but it is not free. You will only get access to it when you sign up for the Silver account, with the minimum deposit of $1,000.

Customer support

The next important aspect to your decision is customer care. You will want genuine support, offering fast, competent and pleasant service whenever you need it. While most regulated binary options brokers have well-trained staff, it’s always good to have a look and talk to the representatives before taking up trading with a broker.

Nadex, as a first-class US binary options broker, offers employs experienced customer support staff. They show consistency and care, available 25/5 via e-mail and a toll-free telephone and always reiterating the high quality of the service. While we had a similar experience with MarketsWorld, their customer support channels are somewhat more varied being available via e-mail, Skype, live chat and phone.

Finpari also offers quality customer support available five days a week, and you can reach out to them via telephone, email, or live chat. This broker also features a callback option, which is certainly a nice touch and something many brokers, even the non-US facing ones, offer.

Fees and Bonuses

bonuses are an important trait for new traders signing up with a brokerFinally, bonuses are an important trait for new traders signing up with a broker who gets a chance to multiply their bankrolls and leverage, while also working as great advertising for the brokers themselves. It’s important to be familiar with the terms and conditions of bonuses before taking them, so take your time to read!

Nadex offers no cash bonuses, but we already mentioned that the broker takes fees on trades and their deposit bonus represents fee exemption for new depositors. MarketsWorld, like many other off-shore brokers, offers various bonuses including deposit bonuses of 100% going up to $1,000 as well as cash bonuses for referring friends.

With Finpari, the bonus offer will depend on the type of the account you sign up for. Bonuses start as low as 20% with Bronze accounts and go all the way up to 100% for Gold account owners.

Final words

There are obvious differences between the US and off-shore binary options brokers, but we can see that there are companies putting in extra effort to provide a top-class trading experience to US traders in an environment where it can be hard to do so. While the regulation is strict, it can be said that US traders still have viable options to choose from. It’s important to do a detailed overview and research into the above-mentioned aspects focusing on your preferences and choose the best suiting deal.

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