Jun 3, 2013

Binary brokers: Take your pick from US friendly trading providers

When we say that a particular broker is US friendly, it simply means that the broker abides by the norms of FATCA or Foreign Account Tax Compliance Act. In USA, all types of income are subjected to taxation rules, regardless of whether the income that is being earned by US citizens is from within the country or across the border. The investments made that are subjected to taxation also include cash that you have spent for binary options. As such foreign brokers that agree to deal with US citizens have to disclose all kinds of income as necessitated by FATCA.
So, you will come across many brokers that avoid all these hassles and do not agree to deal with US citizens. The binary brokers that agree to comply with the Patriot Act as well as FATCA are the ones that are referred to as US friendly binary brokers.

Given below are names of the brokers that agree to work with the US traders. They are as follows:

o 24Option - They deal with US traders and offer one of the most standard services. Although it is quite new to this field and has started operating only a couple of years ago, it has made a place for itself in this industry within a very short time span.

o Trade Rush - This was the first broker to introduce the concept of “60 seconds Options”. Aside from dealing with international traders, it also deals with US traders. Known for offering expert guidance, you can approach the broker for your binary option trading needs.

o Nadex - This broker will allow you to trade in the market directly. It mainly caters to US clients. In order to trade with this binary broker, you will be required to furnish details of your social security number and Tax ID number.

o EZTrader - This is one of the most sought after binary brokers in US. In order to serve its US traders better, it has a toll free number meant only for the US traders. As such it is a binary broker that you can trust and deal with.

o Global Option - This is one of the binary brokers that offer the provision of trading according to “country specific” requirements. For instance, if you a trader in US, you can trade US assets and watch out for trends in the US stock indices. For this you will have to choose the US Options to go ahead with the trade. The same process is repeated for the other country traders.

o Ikko Trader - Known for offering services in French aside from English, if you are French speaking but residing in any state in US, you can turn to this broker if you have difficulty in trading on English language platform.

Aside from the above, you will come across several other binary brokers that are US friendly. Shop around for the best broker in town and the one that you think will be able to fulfill your trading needs of binary options and earn handsome profits in the process.

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