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It’s not very easy to find a broker for binary options trading that is actually ready to allow traders from the USA.
Is Pocket Option real or fake? Pocket Option has a mixed reputation. While it has a large user base and positive reviews from some traders, there have also been reports of withdrawal delays, account freezes, and issues with customer support. Some traders have also expressed concerns about the platform's legitimacy and potential scams.
How legit is Pocket Option? Pocket Option is not a trusted broker because it is not regulated by a financial authority with strict standards. We recommend you open an account only with brokers that are overseen by a top-tier and stringent regulator. All the 100+ brokers reviewed on the BrokerChooser website meet this criteria.
Because of their different regulations and restrictions, most of the binary options brokers out there are unable accept US traders.
Please make sure that you pick a trusted broker, before depositing any money.
Update February, 2024: There are a few brokers and exchanges that accept US traders and Nadex is the best. This US exchange is CFTC regulated, they have the best trading platform – Visit Nadex
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 brokers that still accept US traders and we’ve tested them all. Below you will find the best brokers and exchanges.
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- Nadex – Best Exchange Overall
- BinaryCent – Not Recommended
- CentoBot – Not Recommended
- Finrally – Not Recommended
The brokers in the detailed list below are some of the oldest and best names in the industry. All trading platforms listed on this page welcome traders from the USA and offer binary options trading.
Nadex – CFTC Regulated United States Exchange
Nadex is the only binary exchange that has a CFTC license. This site is exclusive to traders from the USA.
- Most Trusted US Binary Platform
- CFTC Regulation
- No Broker Commissions
- Easy withdrawal options
Nadex is the only regulated binary options exchange in the United States. For this reason, we think that it’s very safe. If you need more information, you can read our Nadex review.
1. Nadex
Nadex (also known as North American Derivatives Exchange ) is the only regulated (CFTC regulated) binary options exchange that accepts traders from the US. CFTC stands for Commodity Futures Trading Commission. The exchange offers charting and technical analysis tools as well as advanced order types.
There is no minimum deposit requirement to open a real money trading account. You have a good variety of banking options.
Sign up for a demo account and practice trading for free.
2. BinaryCent
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 max 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
3. CentoBot
CentoBot is a binary options robot that accepts USA 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
Binary options trading is exciting.
Overall, you need to be careful when choosing the right US 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.
Never deposit on a 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.
Licenses and Regulations
There are some platforms that accept US traders but are not regulated. We do not recommend these. These brokers are usually offshore companies that are not always legal. Always look for brokers that are regulated by the CFTC.
There is a big advantage of regulated brokers – they are safer and more secure.
Is Binary Options Legal in the US?
Yes, binary options is legal in the USA. All exchanges that are regulated by the CFTC (Commodity Futures Trading Commission) can accept US traders without problems.
Registering with the CFTC is incredibly hard, and for this reason the only exchange that has one is Nadex (part of the IG group). Nadex is based in the USA.
Alternatives To US Binary Option Brokers
If you are interested in binary trading, you will definitely like these other forms of trading.
There aren’t many US brokers to choose from. However there are plenty of US brokers that offer Forex trading: See Brokers
If you are not from the US, please check the international binary options brokers list instead.
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.
Non-USA Brokers
In order to help our American traders find the best binary options trading 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 brokers that accepted US traders in the past but were closed:
Name Bonus Deposit Payout % INFO ctoption 100% $250 85% CLOSED OptionRobot 100% $200 90% CLOSED Boss Capital 100% $200 85% CLOSED CherryTrade 100% $200 81% CLOSED Optionleague 100% $200 99% CLOSED Binary Options in the United States
When looking for binary options trading brokers, you should take a few things into consideration:
- 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.
- Traders should read the terms and conditions before depositing (check their withdrawal conditions) and risk warning .
- It is the best to stay away from unregulated brokers.
- Keep in mind that the binary options market is very volatile.
Pick a trusted broker or trading site/exchange, and start your binary trading journey. We recommend Nadex because it’s regulated by the Commodity Futures Trading Commission. We don’t recommend any signals service.
Crowdsourced Trading and Digital Assets
Crowdsourced trading has become increasingly popular in recent years. It involves allowing a group of traders to pool their resources together and make investments based on the collective wisdom of the group. This approach has proven successful in a variety of contexts, including binary options trading.
Digital assets have also become an important part of the financial landscape in recent years. These assets are digital representations of value that are stored and traded electronically. They include cryptocurrencies like Bitcoin and Ethereum, as well as digital tokens and other types of assets.
Smart Contracts and Liquidity Pools
One key technology that has made crowdsourced trading and digital asset trading possible is smart contracts. These are self-executing contracts that use blockchain technology to automatically enforce the terms of the contract. This allows for more efficient and transparent trading, as well as greater security and reliability.
Liquidity pools are another important development in digital asset trading. These pools are created by pooling together funds from multiple investors to provide liquidity for trading digital assets. This helps to ensure that there is always enough liquidity in the market to facilitate trading.
Touch Binaries and Derivative Assets
Touch binaries are a type of binary option that allow traders to profit if the price of an asset touches a specific price level at any point during the option’s life. This type of option can be useful for short-term trading strategies, as it provides a wider range of possible outcomes than traditional binary options.
Derivative assets are financial instruments that derive their value from an underlying asset, such as a stock or commodity. They include options, futures, and contracts for difference (CFDs). These assets can be useful for hedging risk, as well as for speculative trading.
Regulated Domestic Brokers and Forex Pairs
When trading binary options, it is important to use regulated domestic brokers. These brokers are subject to strict regulatory oversight, which helps to ensure that they operate fairly and transparently. In addition, using domestic brokers can provide additional legal protections for traders.
Forex pairs are a common asset class for binary options trading. These pairs allow traders to speculate on the relative value of two different currencies. They can be useful for both short-term and long-term trading strategies, and are often highly liquid.
Trading Signals and Short-Term Trading Strategies
Trading signals are indicators that can help traders identify potential trading opportunities. These signals can be based on technical analysis, fundamental analysis, or a combination of both. They can be useful for both short-term and long-term trading strategies.
Short-term trading strategies are trading strategies that are designed to take advantage of short-term price movements in the market. These strategies typically involve holding positions for only a few minutes or hours, and can be highly profitable if executed correctly.
Traditional Binary Options Price Entry Model and Commodities
The traditional binary options price entry model involves entering into a binary option trade based on the price of the underlying asset at the time the trade is entered. This approach can be useful for traders who are looking for a simple and straightforward trading strategy.
Commodities are another popular asset class for binary options trading. These include raw materials like gold, silver, and oil, as well as agricultural products like wheat and corn. Commodities can be highly volatile, which makes them attractive for traders who are looking for short-term trading opportunities.
Proprietary JForex Platform and Financial Market Supervisory Authority (FINMA)
The proprietary JForex platform is a popular trading platform for binary options and other financial instruments. It offers a wide range of tools and features that can be useful for traders of all skill levels. In addition, the platform is often highly customizable, which allows traders to tailor it to their specific needs.
The Financial Market Supervisory Authority (FINMA) is the regulatory authority for financial markets in Switzerland.
What Our Readers Asked
How can I trade binary options in the US?Trading binary options in the United States is not that complicated. All you need is a regulated broker. We recommend going with Nadex.
How do I know if a binary options brooker is illegal to use in the USIt's more about safety than legality. There are no illegal brokers in the US. However there are many offshore brokers that are unregulated. You should really avoid these brokers, because unregulated brokers are know blocking traders' money on their platform.
Is there any binary options company that takes US traders?Yes, there are a few brokers, as you see above. Make sure to pick a regulated broker.
Why binary options platforms do not accept US customers?Because of though regulation in the US, not all brokers can accept US traders. See the list above and pick a broker. All brokers listed on this page, accept american traders.
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