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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:
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.
Perfect for beginners!
Free Demo Acc + Free Trading Education!
Good choice for experienced traders!
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.
US Binary Options Brokers
December 15, 2020
You can’t read an investment blog without coming across posts about binary options. There’s a lot of money in binary options – for users, brokers, and advertisers – so this won’t change overnight. Binary options trading is legitimate, but incredibly risky. You’ve got to understand the the industry and the risks involved – and you might be better served staying away entirely.
Don’t believe reviewers who pitch binary options as a quick fix for your financial problems. In reality, nothing can be farther from the truth.
How does Binary Options Trading work?
Binary options traders “invest” in the future movement of certain assets, such as gold, stocks, markets, etc. Simply put, binary traders try to predict whether the value of such assets will increase or decrease during a certain time frame.
If your prediction comes true, you will win and earn a commission on your investment. If the value doesn’t change as you predicted, you will lose all the money invested to lock in your prediction.
Presented this way it becomes obvious that binary options trading is more like sports betting than real investing. Binary options is nothing more than betting on financial assets, much like you would bet on the outcome of a sports game.
So, is it a scam?
This doesn’t make binary options a scam. It’s just not an investment.
The majority of binary options brokers are legit businesses. As legitimate brokerage houses, your money will not be stolen and you won’t be defrauded.
The problem is that the majority of brokers promise unrealistic expectations. The average user does not get results like these.
The most common way binary brokers attract new traders is to show them cases where simple people managed to win huge amounts of money by just trading low amounts on gold and other popular assets.
Sure, cases like that do exist, but they are the exception not the rule. The same way some sports gamblers manage to win extremely large sums, skilled/lucky binary options traders occasionally make bank. However, this happens extremely rarely.
Not knowing this, a lot of people sign up with binary options brokers that offer unrealistic winning promises. In the end, lots of people end up losing all of the money they put into the system.
But can you really win?
The biggest factor in winning at binary options is LUCK. But yes, you can really win.
The thing brokers will not tell you is that you will have to put in a lot of effort and research if you want to win consistently. And even then, luck is the most powerful variable.
Like in sports betting, if you want to win you will have to have a great knowledge about the sport in question and about the teams that are playing. You will have to understand the game, the strengths and weaknesses of the teams, and the skills of the players. You will have to know about historical performance, fitness levels, injuries, and dozens of other variables. Even then, things might not go your way.
If you factor in all these variables then you probably will win in the long run. It’s exactly the same in binary options trading. There are countless variables and risks that you will have to consider in order to accurately predict the future development of an asset.
Issues like time of the year, state of the economy, political developments, economic performance of key market makers, recent business news and events are constantly influencing the movement of stock prices and commodities.
In order to be able to accurately predict the movement of an asset, you will have to be up to date with all of this info. Also, in order to be successful you will have to understand a variety of technical data as well, such as being able to read charts, use technical indicators, understand statistic calculations, and much more.
As you can see, binary options is much more than just investing $100 on gold and then getting $300 back 10 minutes later. If this is your approach, then you will lose 100% of your investment sooner than later.
But that sounds hard!
Yes indeed! That’s exactly what solid binary trading requires. I know most entities advertising binary options make a lot of bold promises, but in reality it’s much more complicated. In order to really make money you will have to invest significant amounts of time in market research and learning about the technical aspects of this business.
No matter what anyone promises, you will never be able to make easy money by placing random bets here and there. Brokers count on you doing exactly this because they know that this way, you will be paying the price of becoming a losing trader (meaning brokers will be making money off of you).
So, this is the truth behind the binary option business. There isn’t anything inherently wrong with this form of online trading (or, better said, betting), except that brokers are artificially hyped up and are dishonestly presented as something they’re not.
So one more time, is Binary Options Trading a Scam?
Binary Options trading isn’t a scam, but it’s financial gambling that will only work well in the long term for the most devoted and knowledgeable users.
2020 Update: Binary Options Industry Changes
If you read our thoughts from 2020, you know that binary options is legit, but extremely risky and difficult to take part in profitably. But that was back in 2020. Things have changed quite a bit since then.
As mentioned above, there is still no easy shortcut to binary options trading success – you will still need to learn the basics of this trading form and do lots of market research to make real money. That said, some new developments have appeared in the industry which might make it easier for you to make a living through binary options trading.
More Welcoming To New Traders
For one, social trading has finally become a major aspect of binary options trading. Newbies who would like to start making money without having to fight against a gnarly learning curve can look to the practices of seasoned veterans. Some brokers even offer in-house social trading platforms that let you profit from the trading experience of highly successful binary option traders within the company.
Of course, there is the risk that the trader is going to fail, in which case you risk losing money just the same. So, you will have to choose your signal providers very carefully to avoid disappointment.
We now have binary options robots as well, which purport to automate winning trades for users. Unfortunately, many of these bots are scams, which is why you would be better off avoiding them altogether (unless in cases where your broker is offering their own auto trading services).
Even then, you cannot really count on a broker to give you a highly profitable automated trading tool. Why would a broker give you the tools to take their money? You will have to do your own research first to see if the auto trading system is worth its salt. And should you choose to use an independent binary trading robot company, you will have to be extra vigilant to avoid getting scammed.
More Tools For Advanced Traders
It is easier to access quality financial information needed to make intelligent trading decisions than it was two years ago. Premium binary option brokers now have great platforms that provide excellent data for comprehensive technical analysis on the assets you are trading, helping you to make better trades.
Additionally, there have been cases of brokers introducing robots that scour financial newswires, giving you the latest events so you can anticipate market fluctuations. All these advancements make binary options trading easier (for people willing to put in the time to learn the system inside and out).
Yes, binary options is legit, and growing. But you will still have to jump through lots of hoops to make it in the industry as a beginner. There are also plenty of scams to take advantage of helpless new binary options traders who don’t know how the industry works. At the same time, we now have a broader selection of trustworthy brokers and signal providers than we had a few years ago.
Furthermore, better information and technical analysis makes the industry more lucrative for dedicated users. Even so, you will have to be a lot more watchful of who you get into bed with when entering the industry to keep your money from falling into the wrong hands. If you are willing to put in the work, learn through trial and error, and develop better methods than the average binary options trader, you can actually make money with binary options in 2020.
Can binary options traders become millionaires?
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No, never in my case. Do you know how binary options work and how brokers make money? If you knew, you wouldn’t have asked this question. Don’t worry lemme tell you how they work.
-You don’t get paid by market, the brokers pays you.
-The brokers only make money when you lose.
-Broker can easily make you lose or manipulate your order cause you are trading on their platform.
-Some brokers will try to make you lose or others will simply ban you. Even if you start making 2000+$ per month you are useless in their eyes, they will add you into blacklist. They don’t need winners, their business run by .
How Binary Options Brokers Make Money
There are several ways that a binary options broker can make money from the traders’ investment. Legitimate brokers make money by marking up the price of the asset on the trading platform. Usually, the pricing structure of the different types of assets are derived from the liquidity provider. The asset’s price has been marked up to be slightly higher than the original market.
Binary options brokers actually make money on both in-the-money trades and out-of-money trades. For in-the-money trades, they earn a portion of the profits when you make the right prediction and win in the trade. The payout ratio displayed on the platform is not calculated based on the actual percentage on the original market so that is how the broker profit on a portion of your payout.
For out-of-money trades, the broker profits on your capital investment plus the payout rate when you make the wrong prediction. For example, if the payout rate is 85% and you place a trade of $100 on the USD/EUR currency. You predict that it will go up but the result end up that the USD/EUR currency go down.
You lose your capital investment and didn’t get any return. In this case, total amount that broker earn will be $185 including your capital investment plus the payout rate of 85%. Everyday, there may be 10 or more out-of-money trades so the broker can easily earn tens of thousands or hundreds of thousands of dollars per day. There are some brokers that offer refunds for out-of-money trades, which is usually 5% – 15% of your initial investment.
If most of the traders are winning, the broker would be losing money and close down. In truth, the majority of the trades will be losing trades for most of the time so this makes a lucrative business for binary options brokers. A survey report that was released in Japan revealed that 85% of the trader lose in their trading. Most traders are not able attain a high winning rate because they lack the patience to learn about trading binary options. Those who do spend time to educate themselves such as reading guides, watching video tutorials and attend webinar will learn how to earn a consistent income over a long term. Therefore, it is all up to you on whether you will make money or lose money binary options trading.
How Peer 2 Peer Brokers Make Money
Some brokers operate on a peer 2 peer network which allows traders to trade against one another. In peer 2 peer network, clients can create options with different types of payouts and the buyers will decide how much they want to invest and place the trade within a single click. If the buyer predict the price movement incorrectly, the seller will profit.
The broker does not profit on the out-of-money trade but they make money by charging a commission whenever the trader purchase a contract. The commission ranges from ten dollars to twenty dollars. This means that the seller won’t earn the full amount on out-of-money trade because the commission will be deducted from here. Hence, both the traditional and the peer 2 peer model are the same because the brokers will end up making the same range of income.
Another way binary options brokers make money is by offering bonus that match with their deposits. They advertise the bonus as an incentive to help new traders to get started in the trading. New traders often get tricked and assume that they will be able to withdraw the bonus from their account. There is a string attached to the bonus, and that is you need to fulfill a certain amount of trading volumes, for example your trading volume must be 30 times of the bonus, before you can withdraw them from your account. The minimum trading volume you must reach is stated in the terms and conditions .
An illegitimate broker will attempt to cheat your money in many ways for example charging your credit card for hidden fees you don’t know. This is why it is important to only trade with broker that is transparent about all their fees and lay them out upfront on the trading platform. Scam brokers will find all sorts of excuse to lock the funds in your account so that you won’t be able to withdraw the funds.
It is possible for you to consistently win in your binary options trades if you are patient and willing to spend time to learn all about it. As a rule of thumb, you should only trade with a legitimate broker that is equipped with proper licensing to avoid situation where they try to cheat your money by preventing you from making a withdrawal.
7 Binary Options
One might find the American binary options trading legal landscape to be overwhelming. The bodies that govern regulate and license financial online trading in the United Sates are the National Futures Association (NFA) and the Commodity Futures trading Commission (CFTC). However, neither of these governing bodies has expressed an interest forming a structured framework that will allow brokers to be fully licensed nor have the ability to trade in the US. However, there are a variety of offshore and regulated binary options sites that will in still allow you to trade with them even though you are a US citizen.
We strongly advise that all traders in the US take the time to reach a binary option broker before you sign with them. Not all brokers adhere to the standards of the industry. Keeping this in mind, below is a list of the tested and approved binary options brokers that will allow US traders.
Requirements of a US Friendly Binary Options Trading Site
Any US traders interested in binary options trading should first make sure that any broker that claims to be US user-friendly meets the following criteria:
- Multi-Platform Access: You should always check to see if they broker or platform offer the ability to trade with both online and mobile platforms. Many brokers only allow their US based clients to trade via online platforms. Traders who prefer the freedom of mobile apps will find this to be inconvenient.
- US Banking Options – Traders in the US may experience issues when making withdrawals and deposits with some overseas binary options brokers. Always ensure that the broker you are singing with offers a large variety of inexpensive or cost-free banking options. Inquire of their customer support team as to the average length of their withdrawal process and if they charge any fees or additional charges.
- Trade in US Dollars – A lot of binary options trading platforms insist that you trade with currency other than the American dollar. While this is easier on their end, it will allow for additional charges including currency exchange fees on your end for withdrawals and deposits. Always make sure that the brokers you chose allows trading and funding in US dollars.
We suggest that in order to find the best US friendly binary options brokers that you follow these guidelines. Also make note of the special features offered on each platform including return rate, risk management tools, banking reliability, bonus, trading tools and minimum deposit requirements.
On the average, around 90% of returns are given to the clients for profitable trades. In certain instances, customers can receive up to 500% in returns. A reputable and respectable broker will provide educational resources, free demo accounts and technical tools for both new and experienced traders. It is extremely crucial for traders to be able to contact customer support any time so a quiet and readily available customer service team is a critical element in a good trading platform. Remember to keep all of these factors in mind when making a selection from our list of the best United States binary options brokers.
Perfect for beginners!
Free Demo Acc + Free Trading Education!
Good choice for experienced traders!