essay: Regulation of Binary Options in the United Statesessay?() 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 it™s next to impossible to get a license there. It doesn™t mean that clients from the US can™t sign up with these international brokers “ it™s not forbidden by law, you just have to make sure you™re using a safe and secure company. It won™t be hard, though, because most of the well-known brokers, famous among traders, are licensed overseas. There aren™t too many American companies licensed on the worldwide market “ and the fact that the US authorities have adopted an almost exclusive “ no-foreigners” policy doesn™t have much to do with protecting traders and making sure their money is safe, it™s more about protecting local companies and trying to give them advantage.
And because there™s 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 aren™t 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 there™s 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 that™s 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, you™re 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 “ that™s an alarm bell right there, a reputable company keeps their software clean and modern.() essay ? essay -X ()