The Binary Options are now legally regulated in the United States and no wonder, since this financial asset was developed in the US. The country remains the biggest market for binaries, and brokers can offer their services to the general public. That said, the USA is very protective when it comes to its market even for the most reputable of the offshore brokers its next to impossible to get a license there.
It doesnt mean that clients from the US cant sign up with these international brokers its not forbidden by law, you just have to make sure youre using a safe and secure company. It wont be hard, though, because most of the well-known brokers, famous among traders, are licensed overseas. There arent too many American companies licensed on the worldwide market and the fact that the US authorities have adopted an almost exclusive “no-foreigners” policy doesnt have much to do with protecting traders and making sure their money is safe, its more about protecting local companies and trying to give them advantage.
And because theres little to no competition on the internal market, not many of the US binary options brokers can boast great service. Good news that at present, US citizens are legally allowed to register accounts with foreign brokers and trade overseas. Likewise, these brokers arent forbidden to accept US traders. And when it comes to trader protection and anti-fraud laws, most European countries are actually stricter than the US and thus offer better protection.
So right now theres a huge market of perfectly good offshore brokers that are US-friendly. Of course, you still have to be cautious and do your research, but there are many companies out there that will give any US broker a run for their money.
The main precautions you will have to take are few and simple, but they have to be observed in order for you to have a pleasant trading experience. First, pick a broker licensed in at least one country thats a member of the European Union. That almost guarantees you 100% safety and if the only country that has awarded that broker a license is a tiny remote island in the Pacific, youre better off avoiding it.
Also, always check the list of assets your future broker is offering. The longer it is, the better it will help you create many strategies and experiment with your trading in order to boost your profits. Of course, the payouts levels must be reasonable and if the website looks dodgy or dated and the trading platform has lots of glitches and bugs thats an alarm bell right there, a reputable company keeps their software clean and modern.