Binary means 0 and 1 and that is the rule in binary option trading too. The basic idea is to put your money on a yes or no, that’s it. If you get it right on the trade then you take home the interest or you get nothing. Here we will learn about those which are for US traders.
As far as US is concerned, traders here have real difficulty finding a reliable and trustworthy binary option broker. If we're talking about brokers based in US, there is only the NADEX for binary options trading.
However, there are few world-renowned, popular trading sites that are there for US traders even from outside. The first thing US traders should look for in a binary options broker is the ability to trade in US Dollars. Beyond that, what is more important than currency is having payouts available in US-based banks.
Another thing to look for here is multi-platform access, so it's easy to trade on the go.
Here are the Top 5 Best Binary Options Brokers for USA Buyers
1. Nadex (best options broker overall)
A favorite binary options broker among US traders and headquartered in Chicago, Nadex is licensed by the Commodity Futures Trading Commission (CFTC). Nadex is not just a binary options broker but it is a binary exchange operating as per regulations of US government.
The minimum deposit needed is $100. There are four different trading platforms on Nadex- Free demo trading, Nadex trader, Nadex pro, and mobile trading.
You don’t have any software to download to trade on Nadex. Everything goes on your browser.
US residents can do deposits through debit cards, Automated clearing house (ACH), wire transfers and paper check but non-residential US traders don’t have the paper check option. Minimum investment is $25 and you can have a maximum payout of over 200%.
2. Finpari (best binary brokers outside the US)
Because it is not in US and is regulated by CySEC pushes it to the second spot. Other than that, it is better than Nadex in many ways for US traders. It offers a maximum return of 90% and there is a 100% bonus rate with $250 as a welcome bonus.
The minimum deposit on Finpari is $250 and it works on a very smooth and user-friendly SpotOption platfrom; It is fully functional for mobile devices.
Amount you can invest with this binary options broker
The minimum investment is $1 and maximum you can invest is $1500 with bronze, silver and gold accounts. Finpari accepts USD, EUR, GBP and RUB.
3. BinaryMate (one of the best binary trading sites in the UK)
BinaryMate quite new to the list of US-legitimate binary options brokers. Launched in 2016, BinaryMate is operated from Scotland. It has a proprietary platform for trading that includes live 24/7 video chat with managers.
With an amazing payout rate, you can have returns up to 95% in just 60 seconds. There are over 100 assets with three type of accounts- gold, silver and bronze. Demo accounts are also offered to all the customers after deposit.
The minimum deposit amount is $250. Minimum account size is also $250 whereas you can start trading from a minimum amount of $1. Maximum payout rate is 95%. There are range of withdrawal methods.
4. Capital Bank Markets
Capital Bank Markets is a binary options broker with professional trading technology which, at the same time, is easy enough for new traders. There is a mobile app currently under development, which will soon provide easy on-the-go trading to users.
It accepts a minimum deposit of $500 but there is a unique student account option for college students, which allows student users to start with a minimum deposit of $250. You can start trading with as little as $25.
Short term assets expires in 3 min to an hour whereas long term assets are available any day from open market until closing, with a gap of 15 minutes. Payouts range up to 95% and you have over 300 assets for trading.
MarketsWorld is another proprietary trading platform headquartered at Isle of Man in Great Britain. It is regulated by the Gambling Supervision Commission. The first minimum deposit needed is $10 and the minimum trade amount is only $1.
The bonus rate is 100% with a cash match up to $1000. You get a maximum payout rate of 90%. The platform is quite simple and very fast; there are no hassles are using it, even on mobile. The only thing that keeps this at last place is the number of assets available for trading, of which there are only 16. Other than that, this binary option broker is fast on withdrawals, relatively risk-free trade, with huge potential for bonuses.
Editor's note on the best binary options brokers
Are you looking for a traditional option broker? We've compiled a list of the very best right here.
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