How to Find the Best Fit?
First things that traders need to know is that trading binary options is legal in the US and they are under the jurisdiction of Commodity Futures Commission (CFTC) as well as Securities and Exchange Commission (SEC).
When a broker is regulated that means that it has to follow rules put forth by the regulatory body, in this case CFTC and SEC. And while there are some brokers who do accept US traders but which are not located in the US, Nadex is, for the time being, the only broker regulated by CFTC.
However, US binary options market is smaller than the EU one but, since this is the online based business venture, US traders are able to select binary options brokers outside the US. Naturally, selecting an offshore broker which also has a regulation like the one by CySEC is a good way to start.
What to Look out For?
Traders looking to trade with US binary options brokers should start by inspecting the reputation of the broker in question. This is easily achievable by reading broker reviews on our and other broker review sites.
Making sure that the binary broker in question has clearly displayed terms & conditions section as well as the risk warning should also be ticked on the list when US trader look for reliable binary options brokers.
Making sure there are plenty of payment methods and that the trading platform is secure is another aspect which should be thoroughly checked.
When looking to make a choice about US binary options brokers, traders also ought to inspect bonuses offered by the broker as well as the selection of expiry times, trading options and number of underlying assets available for trading.
Also, US traders should inspect account types offered by the brokers since they will not find it to be suitable to various traders.
Finally, making sure all information about the minimum deposit and maximum returns possible with a certain broker are all vital info US traders will need in order to assemble the full picture and head into the territory of binary options trading.