If you are new to online trading, you might be overwhelmed by the number of binary options brokers available online. Before you get into your trading strategy, make sure you are registered with a reliable company. The BinaryoptionsWatchDog.com is dedicated to provide you with accurate reviews for legitimate brokers as well as a warning list of scam brokers and simple instructions on how you can avoid any potential fake sites. Remember, if you’re new to binary options, the best idea would be to try several platforms that offer a FREE binary options demo account and then deciding which one you like most before investing real money.
In the United States binary options is allowed, however only US regulated brands are legally allowed to accept US traders.
If you find it difficult to use Nadex for trading, check out this Nadex Trading Guide.
Are you in Canada, Australia, China, Japan or New Zealand?
Keep in mind that binary options trading is banned in Canada, so HighLow might eventually stop accepting Canadians. However, if you open an account with them before they stop, you will get to keep your account.
In Australia, New Zealand, Hong Kong and Japan binary options is allowed only if using a licensed broker. HighLow would be the best choice for people in those countries.
European Traders/South Africa/all other countries
Binary options trading is allowed and regulated in Europe, except for Belgium where both binary options and Forex trading are banned completely. If you’re in Europe, you can go with any EU-regulated broker. Our favorite ones are:
Ayrex.com – $5 is the minimum deposit! A FREE demo is available.
Binary Capital Markets – Our top recommended EU-regulated SpotOption broker.
Binary options trading is not available in Israel.