American Express (Amex) is a credit card institution based in Manhattan in New York City. American Express was founded in Buffalo in New York in 1850. It is recognized for its Amex branded credit card. The amount of transactions carried out with Amex card accounts for 24% of the total credit card transactions. Amex is different than Visa and Mastercard in that it is not backed by banks. American Express credit card is backed by the American Express credit card institution. On the other hand, Visa and Mastercard are backed by banks.
Binary Options Brokers That Accept Amex
Banc De Binary: Banc De Binary has a great 91% payout in addition to the possibility of depositing and withdrawing your funds with American Express and many other payment methods.
24Option: 24Option is the most popular binary options broker. It accepts AMEX deposit and withdrawals in addition to other payment methods like credit cards, bank wire and e-wallets like Skrill.
US Binary Options Brokers That Accept Amex
Cherrytrade: Cherrytrade is out #1 US Friendly Binary Broker. With a minimum deposit of only $200 with AMEX, this is a great options to us traders.
Goptions: It is a US based binary options broker founded in 2009. GOptions has a customer base of more than 250,000 traders around the world. Their mission is to offer high quality binary options services for brokers in the USA and around the world.
More Binary Options Brokers That Accept Amex
uBinary is a trustworthy broker that has been in the binary options industry since 2012. Its founders have over 50 years of experiences in binary trading. uBinary has a simple to use dashboard that allows you to access all the important features easily. There are over 70 assets to choose from. Ubinary offers a payout of up to 95% for the standard binary options.
Brokerage Capital is a top binary options broker based in Cyprus. It offers one of the largest market coverage with over 300 types of assets to choose from. The trading platform features a neat interface. The data in the platform can be viewed in three different layouts. The platform offers features such as close now and extend.
Interactive Option is a reliable broker founded in 2009. Interactive Options offers an advanced trading platform that features many powerful trading tools. Interactive Option offers a payout rate of up to 89% and a rebate rate of up to 15%.
Binary Options Brokers That Do Not Accept Amex
HYOptions is a binary options broker that belong to a company called FTSL Financial Trading Solutions Ltd. HYOptions is CySEC regulated with the license number 259/14. It offers a payout ratio of 82% for the standard options. It does not accept American Express but it does accept Mastercard and Visacard.
Ivory Option is a Gibraltar based options broker owned by a company called Patryn Limited. Ivory Option offers an advanced trading platform by Spot Option. Traders can earn a profit of up to 91% on the day trades and up to 400% on the one touch options. Ivory Option assigned a dedicated broker to every trader.
Binary Brokerz is a regulated broker with a good reputation in the binary options industry. Binary Brokerz offers TradeSmarter platform which features a maximum payout of up to 85%. The platform features many analytic tools. Besides, it also offers up to 100% welcome bonuses.
Amex vs Bank Wire
American Express card is more secure than bank wire because it allows you to perform a chargeback. It is impossible to get the bank to reverse the funds after you perform a bank wire transfer. American Express has expensive annual fee but it offers a good rewards program. If you use Amex to fund your account, you can earn points and membership rewards points. In Bank Wire, you only pay a one time commission to perform a wire transfer to the binary options trader. Both credit card and bank wire are secure. Many binary options brokers use advanced SSL encryption system to protect the sensitive information you enter. With bank wire, there is no need to enter any payment details such as login or password if you go to the bank to do the wire transfer.
The best alternatives for American Express card are Visa, Mastercard and Discover cards. If you don’t want to use credit card, you can use e-wallets such as Neteller, Skrill, and WebMoney.
In conclusion, American Express credit card is suitable for professional traders that regularly trade binary options. Since there is no transaction limit, you can use American Express credit card for depositing a large sum of funds into your trading account.