In recent years many brokers have shut their doors to US traders, it started with Anyoption and 24option and soon after many of the smaller brands gave up on their US market share, locking their doors to US investors. It turns out that one of the CySEC requirements for EU regulated binary options brokers is to COMPLY WITH US FEDRAL LAW which means that if you break it down, only the EU regulated brokers are actually operating in accordance to US law, or at least not invading any US jurisdiction which many brokers such as Goption, Redwood Options and a few other brokers are taking the risk and offering access to US traders.
Based on the United States Federal Law and according to the CFTC decision, It is AGAINST THE LAW to solicit U.S. persons to buy and sell commodity options unless they are listed for trading and traded on a CFTC-registered exchange or unless legally exempt.
Many brokers offer access to US traders without having the regulations to do so, furthermore the CFTC requires the trading firm to be headquartered within US territory in order to be fully compliant with the Federal law. In 2015 NADEX.COM is a recognized US exchange, offering US traders binary options trading on a US regulated exchange based in Chicago. For more information, please visit my Nadex review.
If you have any experience to share regarding your experience with a US binary options broker or have any questions regarding any offer you are considering, don’t hesitate to leave your comments or questions below and I will be glad to get back to you as soon as possible.
Be warned that many blogs and YouTube channels are going to continue and promote binary options brokers for US traders, knowing that it’s illegal. If you own a binary options blog or forum, you should warn any potential US visitors from signing up with a broker that is not recognized by the CFTC, otherwise you are breaking Federal law and it’s a fact.