When we first began trading binary options back in early 2009, there were less than a dozen dedicated binary options brokers all told. And all of them aggressively competed in the US market. Unfortunately, due to regulatory conflicts which make it extremely difficult to operate in the US, this is no longer even close to the case. From late 2012 through 2013, a large number of the most popular and reliable brokers dropped US clients and stopped serving the market altogether. The number of brokers competing in this industry has grown from less than a dozen, to well over 200 currently, and it is more difficult than ever for US traders to find a reputable, reliable broker with a top-notch trading platform. Choice is good, it just makes things a little more complicated and creates a little more work to sort through everything and separate the garbage from the gold, so to speak.
US Binary Options Brokers – Myth or Reality?
As far as true US binary options brokers — as in actually based in the US — there is only one real choice for traders, NADEX. With that said, NADEX binary options trading has very little in common with the kind of binary options trading which we’re all used to. It actually has more in common with trading traditional “vanilla” options contract trading than it does “normal” binary options trading. It is definitely for the more serious and/or professional investor. We think that this kind of trading will probably only appeal to highly experienced and professional traders. However, there is a completely free NADEX demo account you can get access to, and there is also a lot of information over there so you may want to check it out, if just for fun or out of curiosity.
US Regulated Binary Options Brokers
And here again, there are no US regulated binary options brokers aside from NADEX. So if anyone ever tries to claim otherwise (and it has been known to happen) you should be very skeptical of their trustworthiness going forward. Now this situation may change at some point in the future, especially if binary options continue to become more popular and mainstream. Regulation happens to be a very poor proxy for reliability and trustworthiness at any rate (see US banking crisis or iOption bankruptcy for support). We have always believed that reputation and customer feedback (two sides of the same coin) are the more important and reliable indicators.
Best Binary Options Brokers USA – Brokers Serving US-Based Traders
Since there really aren’t any true US binary options brokers, or even US regulated binary options brokers, it just comes down to who the best brokers serving the USA are. It was not easy to narrow things down to just the top 6 brokers accepting US clients. But after making some tough decisions, and based on our years of combined experience in the industry, we have compiled a final “short-list” of the top-rated brokers who are still serving the US market.
#1 – Boss Capital | Visit Website | Read Review
#2 – GOptions | Visit Website | Read Review
#3 – Magnum Options | Visit Website | Read Review (coming soon!)
#5 – Redwood Options | Visit Website | Read Review
