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I have been looking at Traderush and Cedar Finance but I am unsure of how safe they really are for a US resident to be trading with them. I particularly want to trade currencies with Binary options but have heard rumors about it being illegal and restricted for US residents is this true. While they are not directly scams, one does need to be very very careful here and I think the odds of one successfully making a profit would be slim.
As a matter of opinion I cant help but feel if one does win, then it has more to do with luck then anything else. Since the trading platforms are often based in countries such as Cyprus (for tax relevant reasons and such), a foreign transaction fee is often levied whenever transferring money to (and from) US bank accounts to the trading platform accounts.