Within the United States, only a small number of US brokers are licensed to offer binary options.  Canada, Israel, Belgium, and other countries have outlawed binary options.  Many more have issued warnings against or advised caution dealing with binary options brokers.  You can read what the US CFTC and SEC said about binary options by CLICKING HERE. The FPA itself recommends extreme caution dealing with any binary options company.  If you do decide to trade binary options, the FPA recommends carefully checking with your national financial regulators regarding the legality of binary options trading in your country before opening an account with any binary options broker.