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As of date, the US residents face the maximum trouble in finding a binary broker accepting the US clients.

How many people use the Pocket Option Pocket Option Bank Withdrawal ? More than 10 million customers worldwide trust us and earn daily.

Has anyone become rich from binary trading? While it's true that binary options trading can offer significant profit opportunities, it's far from a guaranteed way to get rich quickly. Like any form of trading, success in binary options requires knowledge, patience, and a well-thought-out strategy.

Is Pocket Option real or fake ? Pocket Option has a mixed reputation Pocket Option Account Verification 2024 . 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.

Do people really make money on IQ Option? You cannot profit from the trades you make on a practice account. On a practice account, you receive virtual funds and make virtual trades. It is designed for training purposes only. To trade with real money, you need to deposit funds into a real account.

The main reason for that is the US law that demands registration of a Forex or binary broker with the SEC (Securities and Exchange Commission) or the CFTC (Commodities Futures and Trading Commission), as deemed necessary, before accepting the US clients.

The CFTC is the federal agency that regulates the trading of commodities futures and options in the USA.

Only a handful of binary brokers has the financial capability to shell out $20 million as a deposit with the CFTC. Furthermore, a binary broker has to strictly comply with the following regulatory procedures.

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Deposit: $10
Payout %: 85%

Deposit: $250
Payout %: 90%

  1. The binary broker should have a physical presence in the US.
  2. The binary broker should provide a detailed risk disclosure statement to the clients
  3. A binary broker should disclose the number of active trading accounts at the end of every quarter. Furthermore, the number of profitable accounts should be revealed.
  4. A binary broker should also maintain liquid assets equal to or more than the total amount of obligation to retail customers.
  5. The binary broker should also send a detailed monthly statement to all the clients on the final trading day of every month.
  6. Without any delay, a binary broker should disclose legal issues, if any, to the CFTC.

TheStreet

Thus, considering the practical difficulty in following the rules, many binary brokers turn their back to the US clients. However, there are some legitimate binary brokers, provided in the list below, who accept traders from the US.

Those brokers who are not authorized, but are believed to be soliciting the US clients are named in the CFTC Red List. The CFTC’s official website also provides the disciplinary action, if any, taken against a binary broker. The regulation watch dog will only lend a helping hand, if a trader deals with a binary broker registered with the CFTC or SEC. A binary broker’s trading platform registered as an exchange will be listed in the SEC. On the other hand, a binary broker who is registered as a designated contract maker will be in the list of CFTC regulated brokers.

The nature of digital option contracts offered by a CFTC regulated binary broker is almost the same as the one offered by a broker operating from some other part of the globe. The only CFTC regulated exchange that offers a different kind of binary options contract is the Nadex exchange.

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