Welcome: New Approved Brokers for US and Regulation Coming Soon!
US traders, we have some good news for you. After CySEC regulated brokers stopped accepting US traders there has been an enormous demand for reliable brokers for US citizens. We have experienced many of our members and visitors asking for “shenanigan free”, regulated brokers based in the US. Regulation is a time consuming process but authorities such as US SEC and the CFTC are working at full speed and plan to regulate binary options brokers in the US. We’ll soon offer fully regulated US style binary options for you guys, hold on! That is of course good news but we can’t say for sure how long it will take for them to be fully functional like CySEC is today. Obviously, we promise to keep you, our members and visitors, updated regarding this matter! Meanwhile, and after doing a thorough research, we’ve decided to approve two new brokers (one for US traders and the other for Non-US clients) that we found safe and recommended for our traders, with confidence that they would be in good hands.
BossCapital – Approved for US Based Traders
US traders, the Boss is here! Boss Capital was founded last year in 2014. Being around for about a year and behaving flawlessly we can now approve them as a trustworthy broker. BossCapital has really raised the bar for any other broker that wants to compete with them. Offering as high as 85% payouts and almost 200 assets to their clients – they are making sure other brokers know who the Boss is. A professional work has been done with designing the platform; it is customized and looks very chic ‘n slick! Most importantly, all the option types we are familiar with are available on the platform. You won’t be missing anything. We’ve found out that there are no major serious complaints against Boss Capital; we actually find some honest positive feedback from US traders right here on our CommuniTraders forum. After discussing with the Company’s VP, we’ve reached the conclusion BossCapital, despite their silly name, are charging with full power into the binary options industry. This is definitely the broker to invest with while you are waiting for the regulations to really “kick in” in the US.
BossCapital Review by Martin
MagnumOptions – Approved for US Based Traders
Despite being the newest broker in this list of approved brokers, MagnumOptions owners are not new to Binary Options. Although I cannot reveal the name of other broker, what I can tell you is that the owners own and manage a very reputable binary options broker, recently regulated by the CySec and the FCA. Another thing I can tell you is that CySec brokers cannot do business with US based clients, so there you have the reason the owners decided to launch a new brand for US based traders. MagnumOptions is based on the all mighty Spot2.0 platform which includes a very wide selection of time frames, assets, and different options including the Ladder. Moreover, MagnumOptions do not just settle for the standard Spot2.0 technology, they also have very unique feature called “Strategy Advisor”. This feature allows newbie level traders to find patterns in ease, and trade in accordance. For US Trader and SpotOption lovers (and I know you’re the majority) – you should consider MagnumOptions as your next broker. For newbies, Magnum has some great options for you as well, but make sure you go through our school first!
MagnumOptions Review by Martin
FMTrader – Approved for Non-US Traders
The second broker we’ve decided needed to feature on our list is FMTrader. Until a few months ago, just mentioning the name “FMTrader” started alarms inside my mind. Now that’s about to change. The new owners tried contacting us for about almost a year now, however, how should I put it, we didn’t give a damn. We had no interest in re-reviewing a shady broker. But they were stubborn. The picture started to clear – the brand was sold to a new owner who wanted to use take advantage of FM’s solid reputation (for good or for bad). Under the new management, the company managed to clear their name. We did our research; the FPA’s and our own comments sections and forums records show a big change in traders attitude towards the company as the number of negative feedback dropped radically. CySec regulation is in the process already, which indicates the company understands the necessity and importance of taking care of their clients in the best possible way. The platform looks professional and I like the fact that 10% of your investments are returned to you when a trade ends out of the money. Overall we find the new FMTrader a serious broker that deserves your attention.
FMTrader Review by Martin
Let’s Welcome the Newcomers!
I hope that our newly approved binary options brokers can now offer traders more safe places to trade. We’ve started working on a series of articles regarding US regulation, covering everything from major players such as NADEX and Cantor Exchange to explanations of how to trade US style binary options including strategies and tips. We’re all eagerly anticipating a solid US regulation coming soon, and of course we will let you know as soon as we learn more about this so remember to stay tuned and updated with us. Today, let’s welcome our two approved brokers and hope that they will live up to our expectations and soon to be regulated!