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Binarium
Best Binary Options Broker!
Perfect Choice For Beginners and Middle-Level Traders!
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US Binary Options Brokers
Binary options trading has become very popular in the United States, however it’s not always easy to find the best USA welcome binary options broker.
There are so few brokers that still accept US citizens. This page is dedicated to visitors from the United States who are interested in trading Binary Options.
Best US Binary Options Brokers
All brokers from the list below, have been around for some time and proved to be trustworthy and they all welcome traders from the US.
A good US Binary Options Broker has to be safe and secure and we list only the best US brokers here. We have done the hard work for you and compared all brokers to bring you the best of the best. So here is a us binary options brokers list:
Nadex – CFTC Regulated Broker
Nadex is the only US brokers that is regulated by the CFTC. Try out a free demo account.
- 100% Free Demo Account
- CFTC License
- US Based Binary Options Broker
Why Aren’t There More US binary Options Brokers?
Back in 2020, for business reasons, the most popular trading platform called SpotOption decided to not accept US traders anymore. This means that all brokers powered by this platform had to close their doors to US traders.
Luckily SpotOption is not the only trading platform out there, so other platforms still accept US traders – see list below.
How To Pick The Best US Broker
When looking for a binary options broker you should take following aspects into consideration:
- Country restriction: Does the broker even accept US traders? The brokers on this page all accept US traders
- Preferred Currency: If you are from the US, you probably want to trade binary options using USD. All binary options brokers that we have ever tested accept at least USD and EUR.
- Minimum Deposit: Don’t want to invest too much? No problem – there are brokers like TropicalTrade where the minimum deposit is only $200.
- Trade on your smartphone: If you consider trading on your smartphone, then choose a broker that offers a trading app.
- US Payment Options: Depositing and withdrawing payment options are very important when looking for a new broker. You should always check out the broker homepage to find out if the accept your preferred payment method. The binary options brokers accept the most popular US payment options including:Credit Cards (Visa, MasterCard, JCB, Discover), Debit Cards (Visa, MasterCard, JCB, Discover), Bank Wire (in this case the minimum deposit is $500)
US Regulated Binary Options Brokers
The two bodies that regulated online trading are: Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Many traders ask us: Is there a US regulated binary options broker? Answer: To date there is no binary options broker that have a CFTC or NFA license. But this does not mean that you can not trade binary options. All binary options brokers from the list below are offshore binary options trading sites that accept US traders.
Top US Broker Sites
CTOption is one of the most trusted US brokers at the moment. The platform is easy to understand and very effective. The support team is great and friendly. One of the best aspects about this binary options broker is the deposit bonus that you get, even when making your first deposit. There are many payment options on CToption and deposits/withdrawals are processed fast. Start trading now.
How to get started?
If you have never joined a binary options broker before, don’t worry it’s very simple. Just follow these 3 steps to get started:
- Pick on of the binary brokers from the live above or click here to go to CTOption
- Register a new account (it takes 1 minute)
- Fund your account
That’s it! Now you can start trading binary options online.
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Binarium
Best Binary Options Broker!
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education! -
New US Binary Options Brokers
Most traders from the US have a hard time finding good US Broker sites, and we are here to help you. We will keep this page updated, adding new US Sites as soon as they prove to be trustworthy and safe.
One of the newest US Binary Options Broker is TropicalTrade (online since 2020). TropicalTrade is a great US broker, with a good reputation, lead by a professional team. At the moment this broker has a great 5 Risk Free Trades Promo and the minimum deposit is only $200. Take a look at tropical trade here.
US Binary Options Brokers That Accept Paypal
Is your preferred deposit method Paypal? No problem. Because Paypal is so popular, there are a few brokers that accept this payment method. Finpari and TradeThunder are both US welcome broker sites that accept Paypal deposits in addition to all other methods.
Best US Brokers and Option Trading Websites
As one of the leading Binary Options news and information sites we do have a lot of website visitors who are accessing our site from many different parts of the world, however, should you be one of our US based website visitors who are seeking information on Binary Option sites then allow us to go into a little more details in regards to what you should be looking for from any Binary Options trading site.
We are pleased to let you know that every single Binary Option Broking and Trading site that is listed on our website has been handpicked by us and as such you will find each and everyone of them will offer you all of the following qualities.
List of Top 10 US Binary Option Sites for 2020
Broker | Offer | Devices | Trade Now / Review |
---|---|---|---|
Trader | Broker | Asset | Profit |
Broker Fees And Tax
USA law states any profits earned from binary options trading are subject to US tax. You must report the income as either capital gains or revenue to the IRS. If you are making a small amount, then the money can be declared as income; however, if it is a significant amount, then it must be reported as capital gains tax.
Of course, your profits can be offset by any losses so you must declare the overall income earned taking into account money lost. As brokers don’t fall under the same category as casino’s, they don’t have to send you a tax form, so it is the responsibility of the trader to ensure they declare the revenue in the appropriate tax year.
Aside from taxes, there are a few other small fees to consider:
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Deductions for the commission of successful trades which happens at source Broker fees for processing deposits and withdrawals using specific payment methods e-Banking platforms tend to charge a small commission for each deposit, and certain types of wire transfers will have costs associated with them Currency conversion fees if trading in a different currency
While these fees aren’t huge, it is worth shopping around for the best payment providers and option brokers that don’t charge fees for deposits and withdrawals. Consider making fewer but larger deposits or withdrawals to minimise the set fees.
American Licencing
While some questions surround binary option regulation and the legalities of trading we are here to remove any areas of uncertainty and provide you with fact-based knowledge. It is perfectly legal to trade binary options in the USA, and for traders to register with any broker, but it is illegal for offshore companies to solicit traders unless they have a Commodity Futures Trading Commission (CFTC) license.
Because of this difficulty of entering the USA market and the red tape surrounding it, many international brokers do not accept US traders with many leaving for countries like England and Cyprus.
Some big-name brokers are widely known and accepted and can save the trader from having to go looking for an appropriate offshore broker. There are also plenty of Commodity Futures Trading Commission (CFTC) licensed companies that are allowed to sign-up traders from the USA and are not deterred by the legislation.
Without spending time and effort in researching these companies, many people tend to stick with what they know. We, however, think that the choice should be there for you to make and so we use our expertise and experience to research the market and bring you the best binary options brokers that are licensed to trade in the US.
Exercise caution and make sure you choose a broker with reputable licensing and regulation.
How we Recommend Brokers
For US traders it can be a lengthy process finding an appropriate broker use. The legislation and regulations mean that you can’t just find one that you like the look of to open an account. Not only should you be comparing their offering to that of their competition but you need to check that all binary option brokers are licensed to trade in the USA.
We understand that you don’t have unlimited time to go through a long list of brokers to find the one that offers the best benefits to you then to see that they won’t accept your business. To help you and save you much time we have put together a list of recommendations to ensure that you find the best trading account for you without having to spend hours finding it.
It doesn’t matter what country we’re reviewing when it comes to binary trading; the USA gets the same treatment. Our recommendations and reviews cover many crucial points. These include the benefits such as great bonuses, the quality of the signals service, the usability and functionality of the trading platforms and the payouts on offer. We have a team of experts whose purpose is to investigate the offerings of all brokers to find the best US binary options broker and recommend them to you.
Frequently Asked Questions
Is binary trading in the USA legal and safe?
It is legal to trade a binary option, but it is illegal for any company to solicit business and trade unless they have a local license. In terms of safety, it is perfectly safe to trade with a reputable broker.
Do I need to pay fees and taxes on my profits?
The IRS requires all residents to declare their income and pay any taxes according to federal law. It is not the responsibility of the brokers to keep a record of traders’ deposits and withdrawals.
Can I test brokers before trading with real money?
A demo account is a crucial feature of any reliable and reputable broker. With a demo account, a new account holder can register and take advantage of this demo feature before they have to use their own money.
Is it easy to make deposits and withdrawals?
As long as you have a way to an initial deposit using a widely accepted debit card, then you can pay quickly. Withdrawals can take between 3-5 days, but some sites offer a quicker turnaround.
Can I trade using my mobile or tablet device?
Many good US brokers offer a reliable mobile site and an app for iOS and Android. If the broker that you are looking at doesn’t provide an excellent mobile service, then we say avoid them.
Jacob has been an author for us since our launch in 2020. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations.
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Binarium
Best Binary Options Broker!
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education! -