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TOP 5 Binary Options Brokers in USA
Choosing a US binary options broker is a very difficult task. In the US, binary options are not considered a financial instrument, but rather a gamble. Binary options are regulated in the US by the CFTC, which is very reluctant to issue licenses to foreign entities. This is why there are so few US brokers that legally offer binary options. Below is a table with a list of brokers distinguished by our expert brokers.
Quick Pick:
Best Features: Pocket Option
Best Signals:
Best for Low Budget:
Best for VIP Traders:
Best Orders Execution: RaceOption
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Before you decide to open an account with one of the brokers, you should first of all pay attention to the regulation and returns on investment. A lot of people do not pay much attention to average returns, which in our opinion is a big mistake! Remember that the higher the returns on investment, the smaller the advantage of the broker over the client.
By default, you have a 50% chance that your trade will be successful – in such a situation the broker always earns by offering returns lower than 100%. To earn, you need to be over 55% effective, which means you need to be ahead of the market by knowing the price movement. Therefore, our most important task is regulation and return on investment.
Pocket Option
Pocket Option is an advanced binary options broker that was established in 2017 and quickly gained popularity thanks to its trading platform, which is the only one in the industry that offers all-in-one. On the platform you will find features such as copy traders, trading signals, bonuses, cashbacks, risk free trades, achievements and much more. The more you trade, deposit and withdraw, the more gems you earn. You can exchange gems in the “Market” tab for risk free trades, bonuses and cashbacks. Pocket Option is IFMRRC certified, which means that the deposit you paid is completely safe, and the quality of services is at the highest level. If you are looking for a professional binary options broker with a modern platform and many functions, choose Pocket Option. It is our number one broker in many countries around the world.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- US Traders: Accepted
If you open an account with this broker, you will receive a 50% deposit bonus!
Quotex
Quotex is the youngest broker on our list. The broker was established in 2020 as a competitor to Pocket Option. You will find many indicators and analytical tools on the platform. The flagship function of Quotex are trading signals, which, according to the broker’s assurances, achieve efficiency up to 87%. For being active on the platform, the user is rewarded with achievements that encourage them to break their own records and gain knowledge. Unfortunately, the big disadvantage of this broker is the lack of any regulation. I contacted a representative of Quotex and got information that the broker is in the process of applying for a certificate. If you are looking for a minimalist binary options broker with effective trading signals and a great trading platform, choose Quotex.
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: 100%
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- US Traders: Accepted
Use “TradingThug” promo code to get 50% deposit bonus!
IQCent
IQCent is one of the most popular binary options brokers that has been providing services since 2017. At first glance, IQCent is very similar to BinaryCent and RaceOption except that the broker has a smaller minimum deposit. You can start trading with as little as $20, which means the platform is perfect for beginners. Unfortunately, IQCent does not have any regulations – this is due to the fact that the broker is based on the Marshall Islands, and this means that it does not need to have any certificate to legally operate. On the platform you will find basic tools for technical analysis, the function of copying traders and tournaments. If you are looking for a broker that offers a low initial deposit, fast order execution and a transparent trading platform, choose IQCent.
- Regulation: No
- Minimum Deposit: $20
- Minimum Trade: $0.1
- Bonus: 100%
- Payouts: 85% Max
- Assets: Binary Options, Forex, CFDs
- Mobile Trading: No
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- US / UK / EU / AU Traders: Yes
BinaryCent
BinaryCent is a binary options broker that was established in 2017. The platform works worldwide and even accepts US customers. Due to the fact that the broker is available in hard-to-reach areas, it can offer inflated conditions. The minimum deposit with this broker is $250. In our opinion, this is a lot considering that the competition allows for a minimum deposit of just $5. As the name of the broker suggests – the broker allows you to trade from 10 cents. BinaryCent has a light and not very modern platform that will work well on inefficient devices. It is worth mentioning the instant payouts that take place within an hour. The broker has different investment conditions depending on how much deposit you make. If you decide to deposit over $1000, you will receive a 50% deposit bonus and 3 trades with no risk. If Pocket Option and Binarium are not for you, BinaryCent is the ultimate solution.
- Regulation: Yes, Vanuatu Financial Services Commission
- Minimum Deposit: $250
- Minimum Trade: $0.10
- Bonus: 20-100%
- Payouts: 80% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: No
- Withdrawal Processing: 1 Hour
- Demo Account: Yes
- US Traders: Accepted
RaceOption
RaceOption, just like BinaryCent, offers an identical trading platform but with a different interface color. The broker does not have any regulations or certification and the minimum deposit is also $ 250. Returns on investments are slightly better than BinaryCent but much worse than Pocket Option. When it comes to functions, the broker offers exactly the same as BinaryCent. On the platform you will find the function of copying traders and the tournament in which the one with the highest turnover wins. Unfortunately, I am not able to verify whether the same person is responsible for BinaryCent and RaceOption. Each of these platforms is signed by a different company. However, as far as I know, platforms are often made of purchased templates, so it is possible that one broker is a copy of the other. This doesn’t speak well for these companies, so I’d choose Pocket Option in your position.
- Regulation: None
- Minimum Deposit: $250
- Minimum Trade: $1
- Bonus: 20-50%
- Payouts: 85% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: No
- Withdrawal Processing: 1 Hour
- Demo Account: Yes
- US Traders: Accepted
Conclusion
Unfortunately, due to the law, the choice of binary options brokers in the United States is limited. In my opinion, Pocket Option is one session trading choice because it offers much more than the competition for a smaller minimum deposit. BinaryCent and RaceOption may be a good choice for those looking to deposit a minimum of $ 250 and are primarily interested in opening a position, but not analysis.
Is binary options trading legal in US?
Of course! Binary options are legal in the United States, but are regulated in a completely different way than in European countries. In the US, binary options are considered a gamble, and in Europe, as an investment instrument. With this slight difference, it is very hard to get a license to offer binary options in the United States and very few brokers can offer them.
In the European Union, binary options have been banned because they are much more like gambling than real investing. In 2018, ESMA introduced a law that was adopted by all EU countries and since then it is not possible to offer binary options in Europe. The exception are brokers that do not have European regulations or are based in the European Union.
How much can you earn from binary options?
Theoretically, there is no upper limit and you can earn millions. In practice, it is very difficult and few traders manage to earn so much money. If you learn to make money on binary options, it will be a great form of investment that will allow you to earn several hundred percent per year.
It is worth remembering that binary options are not a money-making machine. On the Internet you will find a lot of guides and strategies that show how simple it is to invest in binary options. Unfortunately, most of this type of content is a scam with the sole purpose of encouraging the customer to make as much of the deposit as possible. If I were you, I would treat binary options as entertainment and not as the main form of investment.
Why Binary Options are better than forex?
Of course, what is better depends on preferences. In my opinion, binary options are better because they offer a steady return on investment in a very short time. In forex, you have to wait a long time to see if you were right or wrong. On binary options, it is enough that you have a slight advantage over the market and you are able to earn.
In addition, binary options allow you to flexibly select the expiry time (from 30 seconds to even several months), you can choose a strike price, and each of your positions is opened without any commission. On CFDs, you open each position with a small loss because the brokers charge a commission in the form of spread (i.e. the difference between the buy and sell rates).
Is binary options trading safe?
It depends on which broker you choose. There are many platforms on the market whose sole purpose is to extort money. Therefore, always use platform services that are regulated and recommended by many users. Do not register on a random platform as you may regret it.
If you find a trusted broker (for example, one from our list), you don’t have to worry about legal issues or whether the broker will cheat you. The only danger that awaits you is the possibility of taking excessive risks in the market. If you open positions for too much of your capital, there is a very good chance that you will lose your money.
Experts advise you to focus primarily on capital management and invest no more than 5% of your entire deposit per transaction.
Also choose a strategy that you understand and open a limited number of positions during one trading session. Binary Options are addictive and you may find yourself spending a lot of time investing. Remember that a tired trader is an ineffective trader. Take care of your rest and invest only when you feel up to it.
How Binary Options Brokers make money?
Binary options are offered only by Market Maker brokers. These are brokers who, based on the available data, create price rates and have full influence on how the price moves. Market Makers earn from the losses of their clients, so remember not to listen to investment advice from brokers. Any signals offered by binary options brokers are not allowed to be effective as they would bankrupt the broker.
Remember that in the binary options industry, the broker is your opponent, not your partner. In short, if you make a deposit and lose $100, the broker will earn $100. The cost for the broker is profitable traders who regularly withdraw money – luckily for the broker, most people treat binary options as an easy method of making money and risk too much with their money.
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