Top 10 Canadian Binary Option Brokers

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
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  • BINOMO
    BINOMO

    Trustful broker.

Top 10 Canadian Binary Option Brokers

The popularity of binary options trading is growing in leaps and bounds.

While this is an encouraging sign for the financial industry as a whole, the regulators are concerned that some shady brokers may misuse the opportunity to fleece unsuspecting clients through misleading statements.

In this regard, this website provides guidance to an investor to choose a proper trustworthy broker who accepts clients and follows the best business practices.

The financial market is regulated by the Canadian Securities Administrators (CSA). The CSA is made up of thirteen financial regulators from respective provinces of Canada. The CSA does not regulate or supervise binary options brokers in any manner.

Important Information For Canadian Traders

At the same time, the CSA does not prohibit Canadian citizens from participating in the binary options market. However, CSA has asked its citizens to exercise caution and stay away from the brokers claiming to be regulated by the Canadian authorities. For verification, the CSA has suggested wannabe traders to use the ‘aretheyregistered’ website of the Canadian government. As of now, CSA considers binary options as a form of betting.

Seasoned traders can vouch for the fact that there are even exchange-traded index based options which have a similar risk profile as binary options. Thus, we hope that the Canadian authorities will once again look at the industry and take steps to regulate it in the interest of both Canadian citizens and reputed binary brokers.

While choosing a binary broker, a citizen should look for the following characteristics.

  1. The binary broker should be registered in any reputed jurisdiction. It should be noted that the CSA does not differentiate a binary broker who is regulated in some jurisdiction and other binary broker who is not regulated anywhere.
  2. Timely payouts are very important to keep the morale high. Thus, a background check on payout related issues should be done before selecting the appropriate broker. A broker having a history of delays and refusals should be strictly avoided.

Fortunately, the Herculean task of searching brokers accepting residents can be avoided using the binary broker list provided here. The list also provides details of special promotions, if any, offered by the respective binary broker. All that a client needs to do is go through the websites of the listed binary brokers and chose the one suited to the personal needs and aspirations. It is needless to say that this website also provides professional educational materials to prepare a trader to face the market in a methodical manner.

US Binary Options Brokers 2020

It’s not very easy to find binary options brokers, that are actually ready to allow traders from the USA.

Because of their different regulations and restrictions, most of the binary options brokers out there are unable accept US traders.

Our team has done the research, to bring you an updated list of binary options brokers that still accept Americans. We’ve registered on all binary options brokers that still accept US traders and we’ve tested them all. Below you will find the best us binary options brokers and exchanges.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
    Get Your Sign-up Bonus Now:

  • BINOMO
    BINOMO

    Trustful broker.

Best US Binary Options Exchange:

Nadex – CFTC Regulated US Exchange

Nadex is the only binary exchange that has a CFTC license. This site is exclusive to US traders.

  • Most Trusted US Binary Platform
  • CFTC Regulation
  • No Broker Commissions

Nadex is the only regulated binary options exchange in the US. For this reason we think that it’s very safe. If you need more information, you can read our Nadex review.

Alternatives To US Binary Options Brokers

There aren’t many US binary options brokers to choose from. However there are plenty of US brokers that offer other types of trading: CFD, Stocks, Cryptocurrency, Forex etc.

If you are interested in binary options, you will definitely like these other forms of trading.

Here is a list with the best US brokers that offer other types of trading:

Rank Broker Min. Deposit Regulated Type Review
$50 YES + FOREX TRADING TRADE NOW
$100 YES + GET 1 FREE STOCK TRADE NOW

Binary Options Brokers That Still Accept US Traders

The brokers in the detailed list below are some of the oldest and best names in the industry. All the brokers listed on this page welcome traders from the USA.

Only the best are viable, and the safety as well as the security of your data on their servers is very high. There are many scams out there, and only a few truly trustworthy brokers.

We have tested all of these brokers. Look at the short reviews below for more information:

1. Nadex

Nadex is the only regulated (CFTC regulated) binary options broker that accepts US traders. The broker offers charting and technical analyisis tools, as well as, advanced order types.

The minimum deposit is only $250.

2. BinaryCent

BinaryCent is currently the best US welcome binary options broker. They offer a fantastic deposit bonus, and the trading platform is top-notch.

Binary Mate has a maximum payout of up to 95%. The minimum deposit is $250 and they offer a 100% deposit bonus to all new traders.

WARNING! WE DO NOT RECOMMEND THIS BROKER ANYMORE VISIT BINARYCENT

3. CentoBot

CentoBot is a binary options robot that accepts US traders. The minimum investment is only $0.10 and the max return is 90%.

This auto trading robot is 100% free if you sign up and deposit on their recommended broker (the minimum deposit there is $250).

WARNING! WE DO NOT RECOMMEND THIS BROKER ANYMORE VISIT CENTOBOT

How To Pick A US Binary Options Broker

Overall, you need to be careful when choosing the right US binary options broker for you. There are a lot of scams out there, so you probably should take the advice in this list seriously if you want your investments to be safe. We will update this list as frequently as possible because more and more brokers are closing their doors to US traders.

Please note that Nadex is not a broker, but an exchange.

What customer like about Nadex is, that it has no broker commissions. The US Government requires Nadex to keep the clients’ funds in segregated accounts.

Rank Broker Min. Deposit Max Returns* Features Review
$250 100% + Regulated US Brand TRADE NOW

Never deposit on a binary options broker that we (or any other trader) do not recommend. You can also check our scams page to find out which brokers are scams.

Unfortunately US welcome brokers are not regulated by CYSEC or ASIC. Therefore you have to be extra cautious where you deposit your money.

Non-USA Binary Options Brokers

In order to help our American traders find the best brokers and keep them updated, we’ve decided to also list the brokers that used to accept Americans, but stopped later on.

Take at the list below, with all binary options brokers that accepted US traders in the past:

Name Bonus Deposit Payout % Visit
BinaryMate 100% $250 95% US NOT ACCEPTED
ctoption 100% $250 85% US NOT ACCEPTED
OptionRobot 100% $200 90% US NOT ACCEPTED
Boss Capital 100% $200 85% US NOT ACCEPTED
CherryTrade 100% $200 81% US NOT ACCEPTED
Optionleague 100% $200 99% US NOT ACCEPTED

Brokers That Stopped Accepting USA Traders or Closed

Finrally

FinRally is the newest binary options broker to accept US traders. They have a great payout of up to 95% and the minimum deposit is $250.

Finpari

Update: This broker closed.

Founded in the year 2020, this broker is owned by Norske Inter LP and Lerona Impex SA. It used to welcome traders from the US, but currently they only accept Europe and most parts of Asia. The broker is based on the SpotOption 2.0 platform, one of the most popular with traders everywhere.

It features over 100 assets to trade in and has some of the highest security measures out there. There is secure trading, as well as speedy 1 hour withdrawals possible. With a return of up to 90% for traders, and signals from over 10,000 traders globally using the ZuluTrade feature integrated into the platform, this broker is one of the best out there for people in the USA.

CTOption

Update: This broker closed. There were also some scam reports.

This is one of the older brokers out there, having been around since the year 2020. It is owned by Infinicore, a company that is to be found in St. Vincent (offshore). While they aren’t licensed by CySec, this is so that they can support traders from the USA without any hassle.

This broker is not regulated in the US.

The broker has over 100 assets to trade as well as a demo account possible to sample the features before using it. It is popular among traders all over the world, mainly because of the 90% payout to traders.

There is a free social trading feature on the platform as well as unique OTC trades that allow up to 40% more trading time every day.

Trade Thunder

Update: Tradethunder closed. Opened in 2020, Trade Thunder is still a young company, owned by LGK Industries Ltd., based in the UK.

They offer traders from the US a nice welcome, and have a very unique platform to trade on called the Leverate BX8 platform. It is a platform that is used a lot in Forex trading. The payouts from this broker are up to 90% of the initial deposit, which can be done in many currencies.

With multilingual support and easy trading, this is one of the best US brokers out there.

Porter Finance

Update: This broker closed.

This broker opened up in the year 2020, and was one of the best to accept traders from the US (they stopped accepting USA Traders in 2020). They have a great bonus for the first deposit for customers, with up to 10 risk free trades offered to new traders. It is owned by a company based in the UK called Running Forest Partners Ltd., and have 5 different types of US binary options accounts, each of which has its own set of material for learning as well different deposit requirements. Expiry on options expire in any time from 30 seconds to 6 months, and there are multiple currency options available.

Tropical Trade

Update: This broker closed.

This binary options broker was created in 2020, making it one of the newer options out there. It is owned by FLY Ltd., located in St. Vincent & Grenadines, and has a registered office in the UK as well. It was open to traders from the US without any restrictions but they decided to stop accepting them in 2020.

Returns to traders is about 85%, but some of the trading methods it offers can give bonuses up to 1500% of the deposit. Their platform is browser-based, has a small learning curve, and is very easy. A mobile app is also incoming. The broker offers over 150 assets for trade, with real time updates on the state of the market. It is one of the more feature-filled out there.

Binary Options USA: What To Consider

Please note that most US brokers are unregulated. Therefore please do your own research before signing up and before becoming a binary options customer there. All unregulated brokers are “ok” at best. There is a higher risk of getting scammed by an unregulated broker. Also read their terms and conditions before depositing (check their withdrawal conditions). It is the best to stay away from unregulated brokers.

Top 10 Canadian Binary Option Brokers

December 15, 2020

You can’t read an investment blog without coming across posts about binary options. There’s a lot of money in binary options – for users, brokers, and advertisers – so this won’t change overnight. Binary options trading is legitimate, but incredibly risky. You’ve got to understand the the industry and the risks involved – and you might be better served staying away entirely.

Don’t believe reviewers who pitch binary options as a quick fix for your financial problems. In reality, nothing can be farther from the truth.

How does Binary Options Trading work?

Binary options traders “invest” in the future movement of certain assets, such as gold, stocks, markets, etc. Simply put, binary traders try to predict whether the value of such assets will increase or decrease during a certain time frame.

If your prediction comes true, you will win and earn a commission on your investment. If the value doesn’t change as you predicted, you will lose all the money invested to lock in your prediction.

Presented this way it becomes obvious that binary options trading is more like sports betting than real investing. Binary options is nothing more than betting on financial assets, much like you would bet on the outcome of a sports game.

So, is it a scam?

This doesn’t make binary options a scam. It’s just not an investment.

The majority of binary options brokers are legit businesses. As legitimate brokerage houses, your money will not be stolen and you won’t be defrauded.

The problem is that the majority of brokers promise unrealistic expectations. The average user does not get results like these.

The most common way binary brokers attract new traders is to show them cases where simple people managed to win huge amounts of money by just trading low amounts on gold and other popular assets.

Sure, cases like that do exist, but they are the exception not the rule. The same way some sports gamblers manage to win extremely large sums, skilled/lucky binary options traders occasionally make bank. However, this happens extremely rarely.

Not knowing this, a lot of people sign up with binary options brokers that offer unrealistic winning promises. In the end, lots of people end up losing all of the money they put into the system.

But can you really win?

The biggest factor in winning at binary options is LUCK. But yes, you can really win.

The thing brokers will not tell you is that you will have to put in a lot of effort and research if you want to win consistently. And even then, luck is the most powerful variable.

Like in sports betting, if you want to win you will have to have a great knowledge about the sport in question and about the teams that are playing. You will have to understand the game, the strengths and weaknesses of the teams, and the skills of the players. You will have to know about historical performance, fitness levels, injuries, and dozens of other variables. Even then, things might not go your way.

If you factor in all these variables then you probably will win in the long run. It’s exactly the same in binary options trading. There are countless variables and risks that you will have to consider in order to accurately predict the future development of an asset.

Issues like time of the year, state of the economy, political developments, economic performance of key market makers, recent business news and events are constantly influencing the movement of stock prices and commodities.

In order to be able to accurately predict the movement of an asset, you will have to be up to date with all of this info. Also, in order to be successful you will have to understand a variety of technical data as well, such as being able to read charts, use technical indicators, understand statistic calculations, and much more.

As you can see, binary options is much more than just investing $100 on gold and then getting $300 back 10 minutes later. If this is your approach, then you will lose 100% of your investment sooner than later.

But that sounds hard!

Yes indeed! That’s exactly what solid binary trading requires. I know most entities advertising binary options make a lot of bold promises, but in reality it’s much more complicated. In order to really make money you will have to invest significant amounts of time in market research and learning about the technical aspects of this business.

No matter what anyone promises, you will never be able to make easy money by placing random bets here and there. Brokers count on you doing exactly this because they know that this way, you will be paying the price of becoming a losing trader (meaning brokers will be making money off of you).

So, this is the truth behind the binary option business. There isn’t anything inherently wrong with this form of online trading (or, better said, betting), except that brokers are artificially hyped up and are dishonestly presented as something they’re not.

So one more time, is Binary Options Trading a Scam?

Binary Options trading isn’t a scam, but it’s financial gambling that will only work well in the long term for the most devoted and knowledgeable users.

2020 Update: Binary Options Industry Changes

If you read our thoughts from 2020, you know that binary options is legit, but extremely risky and difficult to take part in profitably. But that was back in 2020. Things have changed quite a bit since then.

As mentioned above, there is still no easy shortcut to binary options trading success – you will still need to learn the basics of this trading form and do lots of market research to make real money. That said, some new developments have appeared in the industry which might make it easier for you to make a living through binary options trading.

More Welcoming To New Traders

For one, social trading has finally become a major aspect of binary options trading. Newbies who would like to start making money without having to fight against a gnarly learning curve can look to the practices of seasoned veterans. Some brokers even offer in-house social trading platforms that let you profit from the trading experience of highly successful binary option traders within the company.

Of course, there is the risk that the trader is going to fail, in which case you risk losing money just the same. So, you will have to choose your signal providers very carefully to avoid disappointment.

We now have binary options robots as well, which purport to automate winning trades for users. Unfortunately, many of these bots are scams, which is why you would be better off avoiding them altogether (unless in cases where your broker is offering their own auto trading services).

Even then, you cannot really count on a broker to give you a highly profitable automated trading tool. Why would a broker give you the tools to take their money? You will have to do your own research first to see if the auto trading system is worth its salt. And should you choose to use an independent binary trading robot company, you will have to be extra vigilant to avoid getting scammed.

More Tools For Advanced Traders

It is easier to access quality financial information needed to make intelligent trading decisions than it was two years ago. Premium binary option brokers now have great platforms that provide excellent data for comprehensive technical analysis on the assets you are trading, helping you to make better trades.

Additionally, there have been cases of brokers introducing robots that scour financial newswires, giving you the latest events so you can anticipate market fluctuations. All these advancements make binary options trading easier (for people willing to put in the time to learn the system inside and out).

Still Legit?

Yes, binary options is legit, and growing. But you will still have to jump through lots of hoops to make it in the industry as a beginner. There are also plenty of scams to take advantage of helpless new binary options traders who don’t know how the industry works. At the same time, we now have a broader selection of trustworthy brokers and signal providers than we had a few years ago.

Furthermore, better information and technical analysis makes the industry more lucrative for dedicated users. Even so, you will have to be a lot more watchful of who you get into bed with when entering the industry to keep your money from falling into the wrong hands. If you are willing to put in the work, learn through trial and error, and develop better methods than the average binary options trader, you can actually make money with binary options in 2020.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
    Get Your Sign-up Bonus Now:

  • BINOMO
    BINOMO

    Trustful broker.

Binary Options Trading School
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