As we mentioned in numerous occasions, binary options brokers USA are a set of brokers who have managed to organize their business in a way that it satisfies all the requirements in order to accept US accounts. In USA there are no typical brokers as in Europe, but binary exchanges that have somewhat different operative framework, but still porvide exciting options for trading. One of few regulated binary exchanges in the US is NADEX, the best and the biggest US binary exchange!
Binary Options from California to New York
Binary Options Brokers in the USA are usually not registered in the country exactly because of these constraints from regulators. US authorities CFTC and SEC require brokers to enable markets that are based on mutual exchange of traders. That seems plausible unless one understands that the market may be thin at times so traders who sell options will not be able to find another trader, on the other side. This increases costs and reduces incentives to trade for us binary options traders. Read more about binary options regulation.
Binary options for US citizens
Binary options brokers USA, if registered have higher costs and in our opinion are better for large investors. However, there are indications US binary options trading will spread to the rest of the world as new brokers will launch with this kind of trading system. We have recently added and announced one binary exchange that is CFTC regulated in every aspect – NADEX. Traders can use this exchange since they have proven to be trusted partners and brokers that are not scams.
US Brokers on Fair Binary Options List
Make sure to read our reviews and see which of these brokers suits your preferences best. Also make sure to follow Fair Binary Options news because lately we have seen many binary options brokers that accepted US accounts get EU regulation and leave US market. This happens ever so often.
One binary exchange that surely accepts US customers is NADEX, reliable and trustworthy platform that has great experience in binary trading and provides superb service in every aspect of trading.
Trading Binary Options from the US
Binary options trading in the USA is possible thanks to the invention of Internet. Traders can come from across the globe. The IT revolution completely changed the world of financial trading. While the web is spread across the whole world, it is clear that the rules of the game are not the same for everyone.
Binary Options in Massachusetts, Texas and New Jersey
Global binary options are mostly tied to brokers that operate on a different platform than the one that is allowed by the US authorities. This is not a bad thing, as regulated market means that customer is more protected than on many other local markets. US traders can always find interesting binary options on NADEX.
For binary options trading USA that is compliant to all possible versions of the rules enforced there, there is one platform, called NADEX, based in Chicago, that does offer binary options trading according to US rules and regulations. You can read our NADEX review here.
We want to stress here that there is another side to binary options trading USA when dealing with offshore providers – possible scams and frauds hiding behind the unregulated market.
Binary Options Trading in Florida
Some traders underestimate the importance of the regulated status and the protection regulatory bodies give to traders in case the company ends up to be a scam. All regulated brokers, such as NADEX, are obliged to follow a strict set of rules and comply with laws and regulations in a certain country.
The USA is no different, as scammers are also lurking for American customers. The most famous case of binary options scams is the one of a Florida resident Neil Pecker who created a scam so convincing, that he made $3 million. He was offering binary trading services and convincing traders to make a deposit, even though he never provided any legit services but was a mere bridge between naïve traders and offshore brokers. He and his partners misappropriated $2 million for their personal needs, denied withdrawals and manipulated them. Luckily, he was processed by CFTC and American law.
This case of binary options in Florida was just one case of a scam, but traders must know that there are also regulated binary exchanges such as NADEX who are not frauds, but legit companies that offer binary trading services. NADEX is CFTC regulated broker that offers great service to US traders no matter where they are.
Regulated US Binary Trading Market Structures Explained
US binary options are different because they require a differently organized market with central clearing.
US binary options traders can use any regulated binary exchange, but they must be aware of pros and cons of both of them. From the regulatory perspective, regulated exchange is always a the best choice, however, every trader must make a decision by themselve. NADEX is the most popular binary exchange in the USA.
Obviously here they have protection in terms of regulatory, CFTC/SEC oversight but, but in terms of some other features, especially cost, US binary options traders opting for NADEX may be in disadvantage to traditional global binary options market as we promote here on Fair Binary Options website.
Read more about differences between NADEX and binary options.
Trading Binary Options
Brokers and traders use specialized software to make use of technical and fundamental analysis to get a better idea of how the market is changing. With online binary options brokers, the stock market speculations have moved into homes of regular people who do not necessarily have a degree in business, finance, mathematics or economics. There is no proven science that can predict how and why stocks, commodities, indices, and currencies move the way they do. It is for traders to try and figure out this puzzle, but they cannot be right all the time.
Traders are bound to make mistakes, no matter if experienced or not. Some traders do not use computer science and advanced systems to take their positions. They follow the market, read the news and have a feel for what will happen next.