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Binary Options Brokers: The New Scam or Legitimate Players?

Binary Options Brokers: The New Scam or Legitimate Players?

6 Years ago | April 02, 2014 00:00:00

What’s the story with binary options brokers? Are they the new scam or legitimate players in the market? The reason I ask is that I have gotten inquiries from binary options brokers located outside the United States looking to advertise to customers located in the United States. This raised my eyebrows to look into this further since U.S. citizens are not permitted to open trading accounts (e.g. forex) with firms not registered in this country. I was curious whether this extended to binary options brokers and did some investigation by contacting the CFTC.

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