There is a lot of question as to the legality of trading binary options within the United States. Many people stopped trading binary options once the Dodd-Frank regulations were implemented in the country.
When the Dodd – Frank regulations were put in place, many investors were left in the cold when they no longer had access to their favorite assets. However, at that time binary option brokers remained open and the trading of binary options continued. There are currently new trading signal services available in the United States that allow day traders to have more assets to trade once again.
Effects of the Frank – Dodd Regulations
One of the impacts of the regulations set by the Frank – Dodd legislation is that United States traders are no longer allowed to trade forex binary options. Additionally, gold binary options and other related commodities options are no longer allowed to be traded in the United States.
Day traders were extremely fond of forex binary options. This ban hindered their trading styles and systems quite a bit. The traders in the United States had the option to try and skirt the law, which is not recommended in any way or to stick with the indexes that remained available for them to trade. These included stocks and indexes from the United States.
What Binary Stocks are Legal in the United States?
Trading binary options can have a large impact on how profitable a day trading business is. The problem that occurred when the Frank – Dodd regulations were put in place was the fact that many of the signals that were being received by the day traders were no longer available for trading.
Day traders had to learn to specialize in binary options that are only for stocks of the United States. There are several signal services available that offer this option. These services give traders in the United States the opportunity to remain competitive as well as profitable in trading binary options within the United States.
There are still a number of different stocks that are available for trading using binary options. The number will depend on the binary option broker that is chosen to use. Our Favorites are TradeRush (home of the 60 second option) and AnyOption. Many stocks that are most commonly available for binary trading in the United States are household names such as Apple, Microsoft, Google, and Amazon. However, this will be determined by the broker that is chosen.
The future of trading forex binary options in the United States is undetermined. There still needs to be regulations implemented in regard to forex markets and futures. Currently, the Frank – Dodd legislation is still relatively new and raises concern about the legality of any binary trading in the United States. Until these rules are fully established there is no legal way for a broker or dealer to offer commodities or forex binary options for clients who reside in the United States. United States citizens can legally trade binary options for United States stocks.