Is IQ Option Legal For The USA Traders?
IQ Option is a trading broker for options traders. This legitimated and regulated platform is a great source for traders to learn binary options trading. Moreover, you can earn money from a little investment.
For the USA citizen, Binary Options trading is not illegal. You can trade with a U.S regulated platform. However, a vast number of traders are still operating their trade with offshore brokers.
Through this article, you will learn why IQ Option is not legal for the USA traders.
What Is IQ Option
IQ Option is a popular options, CFDs, and Fx broker with an excellent trading platform. The platform is regulated by CySEC.
Since 2013, IQ Option has been successfully operating its business in the trading market with the best trading instruments and classes. The initial deposit amount is as low as $10, which is an amazing fact for novice traders.
Moreover, the maximum profit rate is 93%. Apart from these, the broker platform has numerous lucrative features, which helps traders in their trading.
Not only IQ Option, But also for other’s trading platform, you can read authentic reviews from our broker’s section.
Is IQ Option Legal In USA
Unfortunately, IQ Option is not legal for the U.S traders. That means, they do not accept any traders from the USA territory. IQ Option is based in Cyprus and regulated in the EU.
So, traders from European countries and also non-European countries can trade using this legit trading broker.
However, you can only use proxy servers from other states that will allow you to use the IQ option. But, it is not legal and wise to follow.
As per the U.S law, brokers regulated by CFTC are the only brokers allowed for the USA traders. So, except for IQ Option, you are only permitted to trade binary options with the U.S regulated platforms.
The regulation system is quite strict for brokers who want to operate their business in the US territory. On the other hand, to protect the confidential information of clients, customer accounts should be strictly separated from broker accounts.
However, IQ Option is becoming very popular for other countries except for the United States. Lastly, IQ option is a great trading tool no matter which place you are belonging to.