What is a binary option?

A binary option is a financial product where the parties involved in the transaction are assigned one of two outcomes based on whether the option expires in the money. Binary options depend on the outcome of a "yes or no" proposition, hence the name "binary."

Should you use multiple binary options brokers at once?

You may also want a larger investment selection. Some of the best binary options brokers also function as the top CFD trading platforms, which can give you a greater exposure to assets. However, as you gain experience with binary trading, you might actually decide to purposefully use multiple brokers at once.

Which online broker offers CFD trading & binary options?

Binary.com is one of the rare brokers that provide multiple trading platforms. This aptly-named online brokerage offers both CFD trading and binary options. It was founded in 1999, so the company is one of the oldest players in this market and has a long reputation.

Are binary options legal in the US?

Yes, binary options are legal to trade with a regulated provider in the US. It’s not just legal to trade binary options in the US – it’s regulated, has low capital requirements, and is accessible to retail traders.