US Friendly Brokers Are Few And Far Between
If there is one thing that I know for sure about binary options is that it is tough to find a broker when you are a US citizen. Yeah, yeah, there is always NADEX and I like it but it just isn't the same. According to the CFTC and SEC it is the only licensed and regulated US brand but this doesn't mean that there are not other brokers who are friendly to US traders. The trick is finding one that is reliable, honest and pays withdrawals but its not impossible.
This thread is dedicated to those brokers who are accepting us and helping us to reach our full potential as traders. I welcome any and all comments on this subject. If you know of a new broker or have a complaint or comment on an existing broker this is the place to post it.
Some Things To Look For
The first thing to look for when selecting a broker is to see if it is regulated. There are many types of binary options regulation ranging from CySEC to the British FCA, the Japanese FSA and the Australian ASIC. These are great brokers but usually not ones that will accept a US trader or any trader who does not reside in their sphere of influence. This means that in order to trade spot style binary you, the American trader, have to choose from among the myriad un-regulated brokers.
The thing to keep in mind here is that unregulated does not mean shady. It opens the door to fraud but so long as you keep your wits about you finding a trustworthy broker is not too hard. This website is a great source of information on trusted and untrusted brokers who may be allowing US traders to open accounts. New brokers are opening all the time and this is a good thing. As a US trader you may find yourself in need of a new broker at any time if the one you are using seeks CySEC regulation, or draws the attention of the CFTC.