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US Binary Options industry a pretty ugly state of affairs

US Binary Options Brokers 

Binary Options industry started in the United States and has grown globally but now with a lot of countries emphasizing on regulations most of the non-regulated binary broker brands are finding it difficult to operate. We can call it a good move that governmental watchdogs are taking this seriously that a financial instrument operating in a country should abide by the rules and regulations placed by them and in turn avoid Binary Options Traders being scammed. All this started in the United States where in many Binary Options Companies sprouted and made a whack by scamming anxious binary traders, In our research we identified victims who have lost close to $100,000 and it’s not a joke. It has been a serious issue with complaints piling up at the banks that an individual has been swindled.

As things grew big and ugly governmental organizations, financial regulatory services investigated and collected information against the Binary Options giants and slapped fines and also ordered closures of fraudulent organizations. We at Binary Trading Global make most of research by getting information from traders and the way they have been scammed. We gathered some mind blowing information of people who have been ripped off in the United States. In our feedback survey we came across emails and inputs from binary traders which clearly stated that they are interested to trade binary options if it’s actually legitimate, but with all these complaints the situation in the United States today is very different.

It is seriously funny that these financial agencies have allowed US citizens to trade binary options but Binary Options Brokers cannot operate in the United States. In other words Binary Options is legal in the United States from the consumers end not from the business operations end and how can this be possible? Only if there exists a broker in the US can a trader trade binary options!

Binary Trading Global was trying to identify how are US traders trading Binary Options and then we understood that Binary Options Traders who are citizens of the United States can trade Binary Options with a Broker who is registered or not registered and operates from a country outside the United States. This is clearly evident that the US financial organizations and watchdogs can control businesses in their country but cannot control or stop their consumers within the country.

 US Cracks down on Offshore Binary Options Broker Firms

The United States laws on the other hand are not favorable for to offshore binary options brokers however they still keep getting some kind of business from the US citizens. There are many offshore binary options brokers who are regulated by CySEC and other country specific regulatory bodies and they can still satisfy the US laws; but the US regulatory bodies like CFTC – Commodities Futures Trading Commission and SEC – Securities Exchange Commission are very strict as they are in the process of gathering information and streamlining the process.

If you are looking for the best binary options broker who can accept US traders just read BinaryMate Reviews

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