BinaryOption.com is a new CFTC licensed binary options broker in the United States. They celebrated their grand opening in August 2016.
BinaryOption.com only accepts binary option traders who are residents of the United States. They are competing with the large established Nadex.com.
They are offering their traders the New Tradologic trading platform, which was custom developed for regulated binary options trading in America. The trading platform is actually very easy to use, and has much more options and strike prices than the European version.
If you are familiar with their European software, it may take you a few minutes to get use to this version.
Trading binary options on an exchange instead of against a broker, offers much higher returns. Options are listed as cents of the dollar.
For example; The EUR/USD CALL will show a price of $0.69, which means a potential profit of $0.31.
Another great feature is multiple strike prices.
For example; Let’s say the EUR/USD is currently trading at 1.0900. You can pick a CALL strike price of 1.0905, 1.0910 or 1.0915.
The current list of assets available for trading is still very small. Cantor is working on further integration with the CME to list more Forex and Commodities.
The minimum trade size is $1.
Until 2015, there did not exist any binary option brokers that are licensed and regulated in America. 2016 will be the year of Binary Options in America. We anticipate many brokers opening their doors to accept the hundreds of thousands of American who want to trade, just with a licensed broker.
There are 2 licensed and regulated, Binary Option Exchanges in America. There is Nadex Exchange and Cantor Exchange. BinaryOption.com operates via the Cantor Exchange.
BinaryOption.com is registered with the CFTC (Commodity Futures Trading Commission), as an Independent Introducing Broker under the corporate name BO Trade, LLC. They are a member of the National Futures Association with license ID# 0488435.
Address: BO Trade LLC, 85 Broad Street, New York, NY 10004
Email: [email protected]