A major drawback of non-binary brokers is that most do not accept US clients. There are still many forex binary options brokers that welcome US traders, including some of the world's best brokerages of their kind. This is quite fortunate for new traders, as binary options are somewhat more risky than regular forex ventures. For this reason and many more it is crucial that you do your trading on a solid platform, with a reputable and reliable broker with excellent customer service. It is also important that you learn how to avoid things like the profit in 60-seconds scam. Unfortunately, there is more like that out there.
The return on a 60 second binary options can be as high as 81%+ with the good brokers. With the potential profit being that good, it is easy to see why traders would be attracted, but also why there needs to be measures to ensure that this new trend in trading does not prey on individuals that have issues with gambling. Most sites that offer 60 second trades will limit the amount per trade. However, if the limit is $100 per trade there is still the potential to lose $6000 in one hour. Conversely, there is the potential to gain $4,860 in an hour. As always, never trade with funds which you cannot afford to lose.