Binary option legality in the U.S.
Commodity Futures Trading Commission
The CFTC – this stand for Commodity Futures Trading Commission – is an an agency of the government of the united states in Washington D.C. CFTC operating under the Commodity Exchange Act (CEA) to regulate buying and selling commodes. So note, that it’s against the law for 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 European brokers get regulated by Cysec, the Cyprus Securities and Exchange Commission of the little Asian island Cyrus.
Cysec was found 2004 after Cyrus jointed the European Union to make sure your money deposit at your broker is safe. It is a pity that brokers need to acting according to CEA to become regulated by Cysec. That mean if a broker get regulated by Cyrus it is good for European trader but bad for U.S. persons. On the other hand, there are unregulated brokers like TradeThunder. That doesn’t mean that all of these are scammers which take your money and runaway. But this is the only way for they to still accept U. S. traders.
For U. S. traders, there is a relative young exchange: Nadex. The Northern American Derivatives Exchange got 2015 as first binary option broker ever CFTC-regulated. That means this is a new way to legit trade binary options in the United States. Please beware of many people who want that you join an unregulated broker if you are an U. S. citizen. If you trade at a broker that is not CFTC-regulated, you will break the law of the United States! You must really care about this regulation. If you aren’t sure contact us at email@example.com or use our fast contact form. Stay better safe than sorry!