It is not surprising that binary options are currently regulated by law in the United States. Because these financial assets were developed in the United States. This country is still the largest binary file market, and intermediaries can provide services for the public. This shows that the United States is very protective in that market. It is almost impossible for even the most creditworthy extraterritorial brokers to obtain licenses there.
This does not mean that American clients cannot sign up with these international brokers. This is not prohibited by law. You just need to make sure that you are using a safe and reliable company, but this is not difficult. Because most famous brokers are famous among traders and have obtained licenses overseas. There are not many American companies that have obtained licenses in the global market. In fact, the American authorities almost adopt a monopoly “license” system. There are no foreigners. “The policy has little to do with protecting traders and ensuring their capital security. It is more about trying to protect local companies and bring them advantages.”
Moreover, because there is almost no competition in the internal market, few of the dual option brokers in the United States can show off their services. The good news is that at present, American citizens are legally allowed to register accounts with foreign brokers and trade overseas. Similarly, these brokers can also trade in the United States. No prohibition on acceptance. In terms of trade protection and fraud prevention laws, most European countries are actually stricter than the United States, so they provide better protection.
Therefore, there is a huge market for very good foreign brokers who are friendly to the United States. Of course, you still need to be cautious and research, but many companies will let any American broker run for their money.
The main precautions you need to take are few and simple, but in order to give you a pleasant trading experience, you must comply with these measures. First, choose an intermediary who has obtained a license in at least one EU member state, which almost guarantees 100% security. If the only country that grants a middleman license is an island in the Pacific, it is better to avoid it.
In addition, you will always check the list of assets that will be provided by the agent in the future. The longer the time is, the better – you can try to develop more strategies and conduct transactions to improve returns. Of course, the level of payment must be reasonable. If the website looks unreliable or outdated, and there are many obstacles and loopholes in the trading platform, this is the alarm bell that a reputable company will keep its software clean and modern.
