Are There Any Binary Options Brokers That Offer API

I. Executive Summary

This report investigates the availability of Application Programming Interfaces (APIs) offered by brokers for trading binary options. The analysis reveals a market significantly constrained by regulatory actions, particularly in major Western jurisdictions. Strict bans on the marketing, distribution, and sale of binary options to retail clients by regulators in the European Union (ESMA), the United Kingdom (FCA), and Australia (ASIC) have severely limited the number of regulated brokers offering these products, let alone APIs for trading them, within these regions. In the United States, binary options trading is permissible only on exchanges regulated by the Commodity Futures Trading Commission (CFTC), with Nadex being the primary venue accessible to retail traders.

Consequently, the landscape for binary options APIs is narrow. Deriv (formerly Binary.com) emerges as a prominent broker explicitly offering a documented WebSocket API that supports trading its “Digital Options”. However, Deriv operates under a complex multi-jurisdictional regulatory structure, with its binary options and associated API services likely falling under less stringent Tier-3 (e.g., VFSC, LFSA, BVI FSC) or unregulated (SVG) entities, rather than its EU-based (MFSA) license which prohibits retail binary options. This accessibility comes with considerable user-reported concerns regarding reliability, transparency, and withdrawal processes.

Nadex, the CFTC-regulated US exchange, presents the only legitimate avenue for US persons seeking to automate binary options trading. Evidence suggests an API exists or has existed, but official, publicly accessible documentation and support appear lacking, creating significant hurdles for developers.

Other brokers examined, such as Dukascopy Bank (a regulated Swiss bank) and Interactive Brokers (IBKR) (a large, globally regulated broker), offer sophisticated trading APIs (JForex, FIX, TWS, Web API). However, based on the available information, these APIs primarily focus on Forex and CFD trading, and their suitability for binary options trading is highly uncertain or unlikely. Dukascopy’s FIX API explicitly excludes non-FX instruments, and IBKR’s support for binary options via API is unconfirmed, though they offer “Event Contracts” with binary outcomes.

The search for a binary options API therefore presents a critical trade-off between accessibility and regulatory security. Easily accessible APIs are often provided by brokers operating outside the stringent regulatory frameworks of major financial centers, introducing substantial counterparty risk. Regulated options, where available (primarily Nadex in the US), may lack accessible APIs or clear documentation. Prospective users must conduct rigorous due diligence, prioritizing regulatory verification of the specific entity providing the service and carefully assessing the inherent risks of both binary options as a product and the reliability of the chosen broker and its API.

related posts : Best Binary OptionS Brokers (in 2025)

II. Understanding Binary Options and Trading APIs

A. Binary Options: Definition, Mechanics, and Risks

Binary options, also referred to as digital options or fixed-return options (FROs), represent a specific type of financial contract where the payoff is a fixed monetary amount or nothing at all.¹ The core mechanic involves a simple “yes/no” proposition regarding the price movement of an underlying asset relative to a predetermined level (the strike price) within a defined period (the expiration time).³

Key elements define a binary option trade ¹:

• Underlying Asset: The financial instrument whose price movement is being speculated upon. Common assets include Forex currency pairs, stock indices, commodities (like gold or oil), individual stocks, cryptocurrencies, and, notably with brokers like Deriv, proprietary “Derived” or “Synthetic” indices designed to mimic market volatility.¹
• Strike Price: The specific price level used as a benchmark for the prediction.
• Expiration Time: The exact date and time when the contract concludes and the outcome is determined. Durations can vary significantly, from very short-term (e.g., seconds or minutes) to hours or even longer, though short durations are common.¹
• Prediction (Call/Put or Up/Down): The trader predicts whether the underlying asset’s price will be above the strike price (a “Call” or “Up” option) or below the strike price (a “Put” or “Down” option) at the moment of expiration.¹
• Payout/Refund: If the prediction is correct (“in-the-money”), the trader receives a predetermined fixed payout, often expressed as a percentage (e.g., 70%-90%) of the amount invested (premium).¹ If the prediction is incorrect (“out-of-the-money”), the trader typically loses the entire amount invested.¹ Some brokers might offer a small refund percentage on losing trades as a trade-off for a lower potential payout.¹

This fixed-outcome, “all-or-nothing” nature distinguishes binary options from traditional (vanilla) options, where profit or loss depends on the magnitude of the price movement beyond the strike price.¹ Deriv uses the term “Digital Options” for its offerings in this category.¹⁶

Despite marketing claims of simplicity (“Easy to trade”) ¹, binary options carry exceptionally high risks.¹ They are highly speculative, relying on short-term price predictions in potentially volatile markets.¹ Even small adverse price movements can result in a total loss of the invested capital on a trade.¹ Furthermore, the sector has been plagued by fraud, particularly associated with unregulated online platforms operating offshore. These risks include platforms refusing withdrawals, charging excessive fees, providing misleading information or unqualified advice, manipulating prices, or simply disappearing with client funds.²

B. Trading APIs: Purpose and Types (REST, WebSocket, FIX)

Trading APIs (Application Programming Interfaces) are sets of protocols, tools, and definitions that allow software applications to communicate and interact with a broker’s trading system.²² Their primary purpose is to enable:

• Automated/Algorithmic Trading: Developing and deploying trading bots or strategies that execute trades automatically based on predefined rules and market data analysis.¹⁸
• Custom Platform Development: Building bespoke trading interfaces or dashboards tailored to specific user needs.²²
• Third-Party Integration: Connecting trading accounts with external analysis tools, reporting software, or signal services.¹⁸

Several types of APIs are common in the financial trading space:

• REST (Representational State Transfer) API: Operates on a request-response model, typically over HTTPS. Each action (e.g., fetching account balance, placing an order, retrieving historical data) requires a separate request from the client application to the server, which then sends back a response. While widely used and relatively simple to implement, the inherent latency of the request-response cycle makes REST less ideal for applications requiring real-time data streams or very low-latency order execution.³³ Interactive Brokers’ Web API utilizes REST for many functions.³³
• WebSocket API: Provides a persistent, full-duplex (bi-directional) communication channel over a single TCP connection.⁴¹ Once established, the connection remains open, allowing the server to push data (like real-time price ticks or order status updates) to the client without waiting for a specific request. This makes WebSockets highly suitable for real-time applications like active trading platforms, enabling low-latency data streaming and faster order execution.²² Deriv’s primary trading API is WebSocket-based ²², and IBKR’s Web API also incorporates WebSocket streaming capabilities.³³
• FIX (Financial Information eXchange) API: A specialized, industry-standard protocol designed for real-time electronic trading and exchange of securities transaction information.³³ It is known for high performance and reliability, typically used by institutional players due to its complexity and the potential need for dedicated infrastructure (like VPNs or leased lines) and significant minimum capital requirements.³³ Both Dukascopy Bank ⁵³ and Interactive Brokers ³³ offer FIX API connectivity.

The nature of binary options, particularly those with very short expiry times (minutes or even seconds) ¹, necessitates extremely fast data feeds and execution capabilities for automated trading strategies to be potentially viable. This requirement strongly favors the use of WebSocket APIs, which provide the necessary real-time, persistent connection.⁴¹ The request-response latency inherent in REST APIs makes them less suitable for the core trading loop in such fast-paced scenarios. Deriv, the most prominent broker found offering an explicit binary options API, utilizes WebSocket technology ²², underscoring its importance for this trading style. While the concept of binary options might be marketed as simple ¹, the practical implementation of automated trading via API introduces significant technical complexity. Developers must handle authentication, manage WebSocket connections and events, parse real-time data streams, implement robust error handling, adhere to rate limits, and manage trading logic and risk – a far cry from the apparent simplicity of the product itself.¹⁸ This disparity can create a significant challenge for traders attracted by the product’s simplicity but lacking the technical expertise for API development and deployment.

III. The Critical Role of Regulation in Binary Options Trading

A. Global Regulatory Landscape

The regulatory environment surrounding binary options trading is highly restrictive in many parts of the world, primarily due to widespread concerns about investor protection, fraud, and the product’s inherent risks. Understanding the specific rules in relevant jurisdictions is crucial for anyone considering trading these instruments, especially via an API.

• United States (US): The Commodity Futures Trading Commission (CFTC) holds regulatory authority. It is illegal for any entity to offer binary options on commodities (including forex, metals, etc.) to US retail customers unless the transactions are conducted on a CFTC-regulated Designated Contract Market (DCM) or a registered securities exchange.³ Currently, only three DCMs are registered to offer binary options: Nadex (North American Derivatives Exchange, Inc.), Cantor Exchange LP, and Chicago Mercantile Exchange, Inc. (CME).³ Any other platform soliciting US customers for binary options trading is likely operating illegally.³ The CFTC actively monitors these markets and has taken enforcement actions, such as prohibiting certain political event contracts offered by Nadex.⁶⁶
• European Union (EU): The European Securities and Markets Authority (ESMA) took decisive action in 2018, implementing a temporary ban on the marketing, distribution, and sale of binary options to retail clients across the EU.⁶⁹ This ban was subsequently renewed multiple times ⁷³ and effectively became permanent through national competent authorities adopting similar measures. ESMA cited significant investor protection concerns, the product’s complexity, and associated fraudulent activities as reasons for the ban.² Limited exceptions exist for certain binary options structures (e.g., long-term, fully hedged by the provider, or where the minimum payout equals the initial investment).⁷⁰ Professional clients, under MiFID classification, may still be able to trade binary options but forgo retail investor protections.⁷⁰ National regulators like CySEC (Cyprus Securities and Exchange Commission), which previously licensed many binary options brokers, now adhere to ESMA’s framework.²¹ Other national regulators like BaFin (Germany) and CONSOB (Italy) also fall under this umbrella.⁷⁶ The French AMF maintains blacklists of unauthorized websites.⁷⁷
• United Kingdom (UK): Following ESMA’s lead and its own concerns about consumer harm, the Financial Conduct Authority (FCA) implemented a permanent ban on the sale, marketing, and distribution of binary options to retail consumers, effective from April 2, 2019.⁷¹ This ban explicitly includes “securitised binary options” to prevent firms from circumventing the rules.⁷⁸ The FCA views binary options as “gambling products dressed up as financial instruments”.⁷⁸
• Australia: The Australian Securities & Investments Commission (ASIC) also took action against binary options, considering them “high-risk” and “unpredictable” investments.² After consultation ⁷⁹, ASIC banned the issue and distribution of binary options to retail clients starting in May 2021.²
• Other Jurisdictions: The legal status varies significantly elsewhere.⁶⁹ In India, binary options are prohibited, and the regulator SEBI offers no protection or recourse for traders using offshore brokers.²¹ Conversely, the Isle of Man chose to regulate binary options providers as gaming firms under its Gambling Supervision Commission (GSC).⁷⁶ Brokers like Deriv leverage this fragmentation, holding licenses from various bodies, including the Malta Financial Services Authority (MFSA, which aligns with EU rules), the Labuan Financial Services Authority (LFSA, Malaysia), the British Virgin Islands Financial Services Commission (BVI FSC), the Vanuatu Financial Services Commission (VFSC), and the Financial Services Commission, Mauritius (FSC).¹³

B. Implications of Regulatory Actions

The stringent regulatory measures, particularly the bans in the EU, UK, and Australia, have had significant consequences. Primarily, they have closed off legitimate avenues for retail investors in these major markets to trade binary options through locally regulated brokers.² This has led to a bifurcation of the market: while intended to protect consumers, the bans may inadvertently push persistent demand towards offshore entities that operate outside these regulatory perimeters and may actively target clients in restricted regions.⁷⁰ These offshore brokers often lack comparable oversight and investor protections.

Furthermore, the regulations have increased scrutiny on marketing practices, leading to bans on advertising these products by major platforms like Facebook and Google ² and restrictions on promotional tactics like deposit bonuses by regulated brokers (where applicable).⁷¹ While professional clients might retain access, they do so at the cost of losing significant retail safeguards like negative balance protection and access to compensation schemes.⁷⁰

C. Risks of Unregulated Brokers

Engaging with unregulated or offshore binary options brokers carries substantial risks, as repeatedly highlighted by regulatory bodies and user reports. The CFTC warns that many such platforms operate from other countries, sometimes using fake US addresses, make unrealistic claims about returns, and may be outright frauds designed to steal funds.³ Specific dangers include ³:

• Fraud and Theft: Platforms may simply disappear with client deposits, or gains shown on the platform may be fictitious.
• Withdrawal Issues: Refusal to process withdrawal requests, imposing unreasonable fees (sometimes multiples of the invested amount), or the assigned “broker” becoming unresponsive.
• Lack of Fund Security: Client funds may not be held in segregated accounts, meaning they are commingled with the company’s operational funds and are at risk if the company fails. There is typically no access to investor compensation schemes ²⁶, unlike with regulated brokers.¹⁴
• Misleading Practices: Use of fake testimonials, unrealistic profit guarantees, and pressure tactics by unqualified sales staff posing as brokers to encourage larger deposits.
• Platform Manipulation: Potential for the broker to manipulate price feeds or platform performance to disadvantage traders.
• No Legal Recourse: If problems arise, traders have little to no legal recourse through regulatory bodies or courts in their home jurisdiction.³ Regulators maintain lists like the CFTC’s RED List ²⁵ and the AMF’s Blacklist ⁷⁷ to warn investors about unregistered foreign entities.

The regulatory actions, while aiming to protect investors within their jurisdictions, have effectively pushed the riskiest activities to the fringes of the financial system. This makes thorough due diligence not just advisable, but absolutely essential for anyone seeking binary options trading, particularly via APIs, as the very availability of such an API from certain providers can be a red flag regarding their regulatory standing in major markets. A broker’s claim of being “regulated” must be carefully scrutinized to determine which specific legal entity the client is dealing with, which regulator oversees that entity, and what level of protection that regulation actually provides, especially when dealing with multi-jurisdictional groups like Deriv.¹⁰ The protections offered by a Tier-1 regulator like the MFSA in Malta are vastly different from those offered by Tier-3 regulators or an unregulated entity in St Vincent and the Grenadines.¹⁴

IV. Analysis of Binary Options Brokers with API Offerings

Based on the research materials, the following brokers warrant analysis regarding their binary options offerings and associated APIs.

A. Deriv

Deriv, which evolved from Binary.com (founded in 1999) ⁸, stands out as a broker explicitly providing API access for trading binary options, which they term “Digital Options”.²²

• API Overview and Technical Specifications: Deriv offers a powerful, flexible API primarily based on WebSocket technology.²² This allows for real-time, bi-directional communication essential for active trading. The API grants developers access to a wide range of functionalities, including placing trades, managing user accounts, monitoring real-time pricing and existing contracts, and viewing historical transactions.²² Communication typically uses the JSON format.³⁸ Authentication is handled via API tokens generated within the user’s account settings or through OAuth2.²² Deriv provides official libraries and examples for Python ⁴⁴ and JavaScript ⁴², facilitating integration. WebSocket sessions have a 2-minute inactivity timeout, requiring periodic pings to maintain connection.⁴² Rate limits are imposed on API requests, and these limits can be checked dynamically via an API call (website_status).⁴² While Deriv also offers other APIs (e.g., MT5, P2P, Cashier) ²², the WebSocket API is the core component for building custom trading applications for their digital options.
• Supported Products (via API): The API explicitly supports trading Digital Options and Multipliers.²² A variety of digital option contract types are available through the API, including Rise/Fall, Higher/Lower, Touch/No Touch, Ends Between/Stays Between, various Digit-based options (Matches/Differs, Even/Odd, Over/Under), Lookbacks, Reset Call/Put, and Asians.¹⁶ The API also facilitates trading Accumulator, Vanilla, and Turbo options.²² Beyond options, Deriv offers API access (though specifics might vary by API type/entity) to a broad range of underlying assets including Forex, Stocks, Stock Indices, Commodities, Cryptocurrencies, and their proprietary Derived/Synthetic Indices (like Volatility Indices, Boom/Crash Indices).⁷ However, these synthetic indices have drawn criticism and suspicion from some users regarding their transparency and potential for manipulation.²⁷
• Documentation and Developer Resources: Deriv maintains dedicated portals for developers (api.deriv.com, developers.deriv.com) offering comprehensive resources.²² This includes a Quick Start guide, API reference documentation, specific guides on using WebSockets, authentication methods (API tokens, OAuth), monetisation options (markup), error code explanations, and how-to guides for specific tasks like trading various option types or keeping the connection alive.²² Support is available through a developer community forum, a Telegram channel, and direct email (api-support@deriv.com).²² Official GitHub repositories host the Python and JavaScript libraries and provide further examples and issue tracking.⁴³
• Costs, Requirements, and Monetization: The Deriv API itself appears to be free to use, with no specific access fees mentioned.²² The broker is known for its low entry barrier, with minimum deposits starting at just $5.⁸ Standard trading costs (spreads, swap fees for CFD positions) apply ¹³, and an inactivity fee of $25 per month may be charged after 12 months of dormancy.¹⁴ To use the API, developers must register their application via the Deriv dashboard.²² A unique aspect is the ability for API developers to monetize their applications by adding a percentage markup (up to 3%) to the contract prices or stakes, earning a commission on trades executed through their app.²² Other monetization methods include charging subscription fees for the app, offering premium features, affiliate marketing, or referral programs.²² While the API is free, usage limits are in place to prevent abuse, and excessive use could lead to access being blocked.⁸⁷
• Regulatory Status and Jurisdictions: Deriv operates through multiple subsidiary companies licensed in different jurisdictions.⁸¹ These include:

• Deriv Investments (Europe) Limited: Regulated by the Malta Financial Services Authority (MFSA) – Tier 1.¹³ Note: MFSA regulation aligns with ESMA, meaning retail binary options are prohibited under this entity.
• Deriv (FX) Ltd: Licensed by the Labuan Financial Services Authority (LFSA), Malaysia – Tier 3.¹³
• Deriv (BVI) Ltd: Licensed by the British Virgin Islands Financial Services Commission (FSC) – Tier 3.¹³
• Deriv (V) Ltd: Licensed by the Vanuatu Financial Services Commission (VFSC) – Tier 3.¹³
• Deriv (Mauritius) Ltd: Licensed by the Financial Services Commission, Mauritius.¹⁶
• Deriv (SVG) LLC: Registered in St Vincent and the Grenadines – Unregulated.¹⁴ The holding company, Deriv.com Limited, is based in Guernsey.⁸¹ Different entities offer varying maximum leverage levels (e.g., 1:30 under MFSA vs. up to 1:1000 under BVI/SVG/Vanuatu).¹⁰ Crucially, clients trading binary options via the API are almost certainly doing so under one of the Tier-3 or unregulated entities, not the Tier-1 MFSA license. Some entities are members of The Financial Commission, an external dispute resolution body.¹⁴ Deriv restricts services in several countries, including the US, Canada, Hong Kong, Israel, and the UAE.⁸⁰
• Reliability and User Feedback Analysis: User feedback on Deriv is sharply divided. On the positive side, the company has a long operational history (since 1999 as Binary.com) ⁸, offers a low minimum deposit, and provides multiple trading platforms including MT5, cTrader, and their proprietary Deriv Trader and Deriv Bot.⁷ However, there is a significant volume of negative feedback and serious allegations.²⁷ Common complaints include:

• Accusations of being a scam or operating unfairly, particularly regarding synthetic indices which some users feel are manipulated or random.²⁷
• Difficulties or delays with withdrawals, sometimes requiring extensive verification or facing unexplained issues.²⁷
• API-specific problems: Users report connection instability, errors when processing buy requests (“Sorry, an error occurred while processing your request.”) even after moving to cloud servers, and general unreliability.³¹ One user specifically complained about an automated trading bot (potentially Deriv Bot or one using the API) stopping automatically during profitable periods, leading to losses.³¹ The official Deriv community forum hosts discussions and support but also reflects these user issues.³¹ Deriv itself states that API use is at the user’s own risk and disclaims liability for losses resulting from API usage.⁹⁷ The company also highlights its use of AI for optimizing infrastructure and reliability.⁹⁸

The availability of a well-documented, feature-rich API specifically for binary options makes Deriv technically appealing for developers aiming to automate this type of trading.²² No other broker identified in the research provides such clear public access and resources for this specific purpose. However, this accessibility is overshadowed by substantial risks. The reliance on Tier-3 or unregulated entities for providing these services to most clients means significantly weaker investor protection compared to Tier-1 jurisdictions.¹⁰ The volume and nature of user complaints regarding platform reliability, synthetic indices, withdrawals, and API stability raise serious questions about trustworthiness.²⁷ Furthermore, the API monetization model allowing developers to add markups introduces a potential conflict of interest.²² Developers might be incentivized to create applications encouraging high trading frequency, potentially detrimental to the end-user’s financial outcome, especially given the high-risk, short-term nature of many binary options contracts.¹ Therefore, while Deriv offers the tool, users must carefully weigh the considerable counterparty risks and potential reliability issues.

B. Nadex (North American Derivatives Exchange)

Nadex operates uniquely within the binary options landscape, particularly concerning US traders.

• Regulatory Standing: Nadex is a CFTC-regulated Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) based in the United States.³ This regulatory status is paramount, as Nadex is one of only three exchanges legally permitted to offer binary options trading to retail clients in the US.³ Trading binary options with any other entity is illegal for US persons. Nadex is subject to CFTC rules and oversight, providing a level of investor protection not found with offshore brokers.⁶⁶ Member funds are held in segregated bank accounts at major US banks (BMO Harris Bank, Fifth Third Bank).⁸² Nadex also operates under the trade name crypto.com | Derivatives North America.⁶⁶
• API Availability and Access Details: While direct, official API documentation was not present in the provided research materials, there is compelling indirect evidence suggesting API availability. Listings on API marketplaces like RapidAPI feature “Nadex API alternatives,” implying the existence of or past existence of a Nadex API, likely utilizing REST and/or WebSocket protocols.³⁸ Developer communities like Stack Overflow contain discussions about using the Nadex API, including references to unofficial Python clients hosted on GitHub.³⁵ One Stack Overflow contributor suggests that the JavaScript code used on the official Nadex website might be reverse-engineered for API interaction.³⁵ Furthermore, a historical notice from 2011 on the Nadex website specifically mentions amending the fee schedule for “API Members,” indicating a formal mechanism for API access existed at that time.¹⁰⁴ However, the current availability, official documentation, access protocols, and level of support for new API users remain unclear based on the snippets. Prospective users would need to contact Nadex directly for confirmation and details.
• Potential Features, Costs, and Requirements: Assuming an API is available, it would likely allow programmatic trading of Nadex’s core products: Binary Options, Knock-Outs (Touch Brackets), and Call Spreads.⁶⁵ API functionalities would likely include placing and managing orders, monitoring positions, and accessing real-time market data, mirroring the capabilities of their trading platforms.¹⁰⁵ Regarding costs, the 2011 notice about API membership fees suggests that API access might involve specific costs or requirements beyond standard account fees.¹⁰⁴ Standard Nadex trading fees (typically $1 per contract per side for opening and closing, capped at $50 per order, plus a $1 settlement fee for contracts expiring in-the-money) would likely apply to trades executed via the API. Opening a standard Nadex trading account, including identity verification, would be a prerequisite.¹⁰³
• User Community Insights: Direct user feedback specifically on the Nadex API is less prevalent in the research compared to Deriv. The Stack Overflow discussions ³⁵ indicate that developers have successfully interacted with Nadex programmatically, suggesting usability, but potentially through unofficial means or reverse engineering, which carries risks of instability and lack of support. General sentiment towards Nadex appears more positive than towards offshore brokers, largely due to its regulated status within the stringent US framework.³

For US-based traders seeking to automate binary options trading, Nadex represents the sole legitimate and regulated pathway.³ This regulatory certainty is its primary advantage. However, the apparent lack of clear, publicly available API documentation and official support presents a significant practical barrier for developers.³⁵ Unlike Deriv’s open developer portal, accessing and integrating with Nadex’s API seems to require more investigation, potentially direct contact with the exchange, or reliance on unofficial, unsupported community solutions.³⁵ This opacity contrasts sharply with the ease of accessing information for Deriv’s API. Furthermore, the historical precedent of API-specific fees ¹⁰⁴ suggests that Nadex might treat API access as a premium offering, potentially with associated costs or minimum requirements that could limit accessibility for smaller retail traders or developers compared to Deriv’s seemingly free API access model.

C. Dukascopy Bank

Dukascopy Bank SA is a Swiss-regulated bank that offers binary options trading alongside Forex and CFD products. They also provide trading APIs.

• API Offerings and Suitability for Binary Options: Dukascopy provides two main APIs: the JForex API (Java-based) and a FIX API.⁶ The JForex API allows clients to develop custom trading applications, implement automated strategies, and perform backtesting using Java.³⁶ The FIX API is targeted at professional and institutional clients, adhering to the FIX 4.4 protocol for high-speed order routing and data feeds.⁵³ However, a critical limitation is noted: the FIX API documentation states its available instrument list is “limited to FX only”.⁵³ This strongly suggests the FIX API cannot be used for trading binary options. While the JForex API documentation doesn’t explicitly exclude binaries, its context and examples consistently focus on Forex and CFD trading.⁶ Dukascopy offers binary options through separate, dedicated Binary Desktop and Binary Mobile platforms.¹ No information within the provided snippets directly links either the JForex or FIX API to the functionality required for trading Dukascopy’s binary options.
• Technical Details, Costs, and Requirements: Using the JForex API requires Java programming expertise and utilizes the JForex SDK.³⁶ The FIX API demands significant technical integration capabilities and carries a substantial minimum deposit requirement of USD 100,000.⁵⁴ Standard live trading accounts are mentioned with a $1000 minimum deposit ¹², but applicability to JForex API access isn’t specified. Binary options trades themselves have low minimum contract sizes (starting from $1) and incur no commission beyond the premium paid.¹ Account opening involves standard identity verification.¹
• Regulatory Profile: Dukascopy Bank SA is regulated as a bank in Switzerland (by FINMA, implied), offering deposit protection up to CHF 100,000 for clients of the Swiss entity.¹¹¹ They also have a European entity, Dukascopy Europe ¹⁰⁹, presumably regulated within the EU, which would be subject to ESMA’s ban on retail binary options.

Based on the available information, despite Dukascopy offering both binary options and trading APIs, it is highly unlikely that their APIs can be used for automating binary options trades. The FIX API is explicitly limited to Forex ⁵³, and the JForex API appears similarly focused on Forex/CFD markets, with binary options treated as a separate offering via distinct platforms.¹ Therefore, Dukascopy does not appear to be a viable option for users seeking API-driven binary options trading.

D. Interactive Brokers (IBKR)

Interactive Brokers is a large, well-established global brokerage firm known for its extensive market access and sophisticated trading technology, including multiple APIs.

• API Offerings and Potential for Binary Options: IBKR provides a suite of APIs catering to different needs: a modern Web API (using REST and WebSocket), the industry-standard FIX API for institutions, and the TWS API which integrates with their Trader Workstation platform and supports various programming languages (C++, C#, Java, Python, etc.).³³ These APIs offer comprehensive access to trading, account management, performance data, and real-time and historical market data across numerous global markets and asset classes, including stocks, futures, forex, bonds, funds, and options.³³ However, the research materials do not explicitly confirm whether binary options are supported via these APIs.³³ IBKR does offer “Event Contracts” on its platform, which are described as having a binary yes/no outcome similar to binary options.¹¹² It remains unclear whether these Event Contracts are accessible through the standard trading APIs and if they meet the user’s definition of binary options.
• Technical Details, Costs, and Requirements: IBKR’s APIs are designed for a range of users, from individuals and fintech developers to large institutions.³³ They provide extensive documentation, educational resources (Traders’ Academy, IBKR Campus), and a dedicated Quant Blog.³³ While API access itself might not have direct fees, costs can arise from market data subscriptions and standard trading commissions.¹¹³ Minimum account balances may apply depending on the account type and services used. For active intraday trading in the US, the Pattern Day Trader rule requires a minimum equity of $25,000.¹¹³ Institutional access, particularly via FIX API, likely involves higher requirements.
• Regulatory Profile: IBKR is a highly reputable broker regulated by top-tier authorities globally, including the SEC and CFTC in the US, the FCA in the UK, IIROC in Canada, ASIC in Australia, and others in jurisdictions where it operates.³³ This strong regulatory standing provides a high degree of client fund security and operational oversight.
• User Community Insights: The IBKR APIs are generally regarded by the developer community as powerful and suitable for complex algorithmic trading strategies.⁵⁸ However, users also note potential complexities in implementation and occasional issues such as rate limiting on historical data requests and sporadic connectivity problems or errors that require robust handling in automated systems.⁵⁸

Interactive Brokers presents a compelling option for general automated trading due to its robust, multi-faceted APIs and strong global regulatory framework.³³ However, its suitability for the specific purpose of trading binary options via API remains uncertain based on the provided information.³³ While they offer standard options trading and binary-like “Event Contracts” ¹¹², confirmation is needed on whether these products, particularly the latter, are accessible through the APIs and align with the user’s requirements. Users interested in IBKR for this purpose should contact the broker directly to clarify the availability and specifics of trading binary options or Event Contracts programmatically.

V. Comparative Analysis and Key Decision Factors

Choosing a broker for API-driven binary options trading involves navigating a complex landscape shaped by regulation, risk, and technical capabilities. A direct comparison highlights the limited options and significant trade-offs involved.

A. Comparison Table: Binary Options API Brokers

Feature	Deriv	Nadex (North American Derivatives Exchange)	Dukascopy Bank	Interactive Brokers (IBKR)
Binary Options API Available?	Yes (Explicitly documented) 22	Likely/Possibly (Indirect evidence, requires confirmation) 35	Highly Unlikely (APIs focus on FX/CFD) 36	Uncertain (Requires confirmation for binaries/Event Contracts) 33
Primary API Type(s)	WebSocket 22	Likely REST / WebSocket (Inferred) 35	JForex (Java), FIX 36	Web API (REST/WebSocket), TWS API, FIX 33
Key Regulation (API Service)	Tier-3 (VFSC, LFSA, BVI FSC) or Unregulated (SVG) 10	CFTC (US) 3	FINMA (Switzerland – Bank) [Implied]	Tier-1 (SEC, CFTC, FCA, ASIC, etc.) [Implied]
Min. Deposit (API Focus)	Low ($5 for general account) 8	Standard account minimums apply (Not specified for API)	High for FIX ($100k) 54, Unclear for JForex	Standard account minimums apply (PDT rule $25k for US intraday) 113
API Costs/Fees	API Free; Monetization via markup possible 22	Potentially specific API fees/requirements (Historical evidence) 104	Likely none for JForex; Significant for FIX	Potential market data fees; standard commissions 113
Key Binary Options API Features	Trade Digital Options (various types), Multipliers, Accts Mgmt, Real-time data 22	Trade Binary Options, Knock-Outs, Call Spreads (Presumed) 65	N/A (API likely doesn’t support binaries)	Trade Options (Standard); Event Contracts? (Uncertain via API) 33
User Feedback (Reliability)	Mixed: Accessible API but significant complaints re: reliability, withdrawals, synthetics 27	Limited API-specific feedback; Regulated status implies higher trust 35	N/A for Binary API	Generally robust API, but complexity & occasional glitches reported 58

B. Evaluating Trade-offs: Regulation vs. Accessibility, Features vs. Cost

The comparison starkly illustrates the fundamental trade-offs users face:

• Regulation vs. Accessibility: The most significant trade-off is between regulatory oversight and ease of access. Nadex offers the highest level of regulatory security for US traders, being CFTC-regulated.³ However, accessing its API appears challenging due to a lack of public documentation.³⁵ Conversely, Deriv provides a readily accessible and well-documented API specifically for binary options ²², but this accessibility comes via entities regulated in Tier-3 jurisdictions or potentially unregulated locations, carrying significantly higher counterparty risk and fewer investor protections.¹⁰ Highly regulated brokers like IBKR offer robust APIs but likely not for the specific product (binary options) the user seeks.³³ This forces users, particularly those outside the US but in regions with bans (EU, UK, AU), towards the riskier, less-regulated options if they are determined to trade binary options via API.
• Features vs. Cost/Requirements: While Deriv’s API access seems free ²², potentially lowering the barrier to entry, users might face indirect costs through less favorable execution or withdrawal issues, as alleged in complaints.²⁷ Furthermore, the markup monetization model could influence third-party app design negatively for the user.⁸⁵ APIs from more established, regulated brokers might involve direct costs (like potential Nadex API fees ¹⁰⁴ or IBKR market data fees ¹¹³) or higher minimum capital requirements (like Dukascopy’s FIX API ⁵⁴ or IBKR’s general requirements for active trading ¹¹³). These costs and requirements reflect the infrastructure and regulatory compliance burden but can make them inaccessible for smaller retail traders/developers.

C. Assessing API Reliability and Usability Challenges

Beyond regulation and cost, the technical performance and reliability of the API are critical, especially for high-frequency binary options trading where milliseconds can matter.

• Connection Stability: Persistent and stable WebSocket connections are vital. User reports concerning Deriv mention connection drops and unexplained errors during trade execution.³¹ Even robust APIs like IBKR’s can experience sporadic connectivity issues or authentication errors that automated systems must be designed to handle.⁵⁸ The reliability of Nadex’s API connection is unknown due to lack of public data.
• Data Accuracy and Latency: Real-time market data must be accurate and delivered with minimal latency. Delays or inaccuracies can render short-term strategies ineffective or lead to poor execution. While not specific to binary options, users have reported issues with the speed of historical data retrieval from IBKR ⁵⁸, highlighting potential bottlenecks.
• Rate Limiting: All APIs impose rate limits to prevent abuse.⁴⁰ Developers must understand and respect these limits (e.g., requests per second/minute) to avoid being blocked, especially during volatile market periods when rapid updates or order modifications might be necessary. Deriv allows checking limits dynamically ⁴², while others publish static limits.³⁹
• Integration Complexity: Implementing a reliable trading bot requires significant programming effort, including handling authentication, managing the WebSocket lifecycle, parsing data, managing state, implementing trading logic, and robust error handling.³⁵ The complexity can be a barrier, regardless of the broker.

Ultimately, the decision cannot be based solely on technical specifications. While factors like API type (WebSocket being preferable for binaries) and documented features are important, they are secondary to the fundamental considerations of regulatory compliance and broker trustworthiness. A technically sophisticated API offered by an unreliable or unregulated broker presents an unacceptable level of risk for most users. The potential for platform manipulation, withdrawal denial, or outright fraud ³ far outweighs any perceived technical advantages. Therefore, the initial filter must always be regulation and due diligence on the broker’s reputation and operational integrity.

VI. Recommendations and Conclusion

Based on the analysis of available binary options brokers offering APIs, the following guidance is provided, emphasizing the critical importance of regulation, due diligence, and risk management.

A. Guidance for Selecting a Broker/API based on User Needs

The optimal choice, or indeed the feasibility of trading binary options via API, depends heavily on the user’s geographic location and regulatory environment:

• For US Residents: The only legally permissible option for trading binary options (including via API) is through a CFTC-regulated exchange.³ Nadex is the primary such exchange accessible to retail traders.⁶⁵
• Recommendation: Contact Nadex directly to inquire about the current status of their API program, availability of documentation, technical specifications, access requirements, and any associated costs. If official support is unavailable or insufficient, cautiously explore unofficial resources like GitHub repositories ⁵⁷ or developer forums ³⁵, understanding these are unsupported and carry inherent risks of obsolescence or inaccuracy.
• For Residents of the EU, UK, and Australia (Retail): Trading binary options is banned for retail clients by regulators (ESMA, FCA, ASIC).²
• Recommendation: Avoid any broker claiming to offer binary options or related APIs to retail clients in these regions. Such offers are likely illegal under local regulations or are being made through offshore entities that lack local regulatory protection and oversight. Engaging with such brokers exposes the user to significant risks, including fraud and loss of funds with no legal recourse.
• For Residents in Other Jurisdictions (where binary options are not explicitly banned for retail):
• Recommendation: Deriv appears to be the most prominent provider with an explicitly documented and accessible API for binary/digital options.²² However, users must proceed with extreme caution. It is crucial to understand that the service will likely be provided by one of Deriv’s entities regulated under Tier-3 (e.g., Vanuatu, BVI, Labuan) or unregulated (St Vincent and the Grenadines) frameworks, not their Tier-1 EU-regulated entity.¹⁰ This implies significantly lower levels of investor protection. Thoroughly investigate the widespread user complaints regarding reliability, synthetic indices, and withdrawals.²⁷ The accessibility of the API must be weighed against these substantial counterparty risks.
• For All Users: Regardless of location, always verify the specific legal entity you are entering into an agreement with. Do not rely on the marketing or group-level regulatory claims of a brokerage brand. Confirm the regulatory status of that specific entity with the relevant official regulatory body.

B. Prioritizing Regulation and Due Diligence

Regulatory compliance should be the foremost consideration.

• Verify the broker’s claimed licenses directly with the issuing regulatory authority (e.g., CFTC, MFSA, VFSC, etc.).
• Consult official warning lists like the CFTC’s RED List ²⁵ or national blacklists (e.g., AMF ⁷⁷) for unregistered or problematic entities.
• Understand the specific protections (or lack thereof) offered by the relevant jurisdiction’s regulatory framework – fund segregation, negative balance protection, compensation schemes vary widely.³

C. Importance of Testing and Reviewing Terms

Before committing significant capital:

• Utilize demo accounts extensively to test the API’s functionality, reliability, and latency, if the broker offers them.¹⁴
• Carefully review all terms and conditions, paying close attention to the API usage agreement ²², fee structures, deposit/withdrawal policies, and dispute resolution mechanisms.
• Be aware of potential conflicts of interest, such as API markup models ²², which might incentivize third-party app developers to prioritize volume over user profitability.

D. Final Remarks on Risk Management

Binary options are inherently high-risk financial products.¹ Automating their trading via API introduces additional layers of complexity and risk related to technology failure, latency sensitivity, and potential broker unreliability.

• Implement robust risk management protocols within any automated strategy.
• Never invest more capital than you can afford to lose entirely.
• Be realistic about potential returns; high payouts advertised often correspond to very low probabilities of success.¹¹⁵
• Be particularly wary of brokers operating from loosely regulated offshore jurisdictions, as the risk of fraud and irrecoverable losses is significantly elevated.³

In conclusion, the market for regulated and reliable binary options APIs is extremely limited. While Deriv offers an accessible API, it comes with considerable regulatory and reliability caveats. Nadex is the regulated US option but faces challenges regarding API accessibility and documentation. Other major brokers likely do not support binary options via their APIs. Given the product’s inherent risks, the regulatory bans in major markets, and the questionable nature of many providers offering easy access, potential users must exercise extreme caution. For many, particularly retail traders in regulated markets, the safest approach may be to avoid API-driven binary options trading altogether until a more transparent and securely regulated market develops.

Download PDF

Works cited

1. What are Binary Options and How to Trade? | Dukascopy Bank SA, accessed April 21, 2025, https://www.dukascopy.com/swiss/english/binary-options/what-are-binary-options/concept/
2. Binary option – Wikipedia, accessed April 21, 2025, https://en.wikipedia.org/wiki/Binary_option
3. Unregistered Binary Options Trading Websites Can Snare Savvy Investors | CFTC, accessed April 21, 2025, https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/unregistered_binary_options_websites.htm
4. Binary Options Trading: Risks, Benefits & Strategies | Angel One, accessed April 21, 2025, https://www.angelone.in/knowledge-center/online-share-trading/binary-options-trading
5. Digital Option – Overview, How It Works, Features, Example – Corporate Finance Institute, accessed April 21, 2025, https://corporatefinanceinstitute.com/resources/derivatives/digital-option/
6. Up/Down binaries :: Dukascopy Bank SA, accessed April 21, 2025, https://www.dukascopy.com/swiss/english/binary-options/what-are-binary-options/up-down-binaries/
7. Deriv: Online broker for trading anytime, anywhere, accessed April 21, 2025, https://deriv.com/
8. Exploring Low or No-Deposit Binary Options Brokers: Top 5 Picks for Budget-Friendly Trading | SDNews.com, accessed April 21, 2025, https://sdnews.com/exploring-low-or-no-deposit-binary-options-brokers-top-5-picks-for-budget-friendly-trading/
9. HFM – World Leader in Online Trading | Regulated Broker, accessed April 21, 2025, https://www.hfm.com/
10. Your guide to Deriv MT5 Standard account, accessed April 21, 2025, https://community.deriv.com/t/your-guide-to-deriv-mt5-standard-account/32084
11. Trading specifications for CFDs – Deriv, accessed April 21, 2025, https://deriv.com/trading-specifications
12. Binary options trading | Dukascopy Bank, accessed April 21, 2025, https://www.dukascopy.com/land/trading/bank/binaries/
13. Deriv Review ☑️ Pros and Cons (2025) – FXLeaders, accessed April 21, 2025, https://www.fxleaders.com/forex-brokers/forex-brokers-review/deriv-review/
14. Deriv Review 2025: Read Before You Trade | FXEmpire, accessed April 21, 2025, https://www.fxempire.com/brokers/deriv
15. What is options trading? | Deriv Blog, accessed April 21, 2025, https://deriv.com/blog/posts/what-is-options-trading
16. Help Centre | Frequently Asked Questions – Deriv, accessed April 21, 2025, https://deriv.com/help-centre
17. Glossary of trading terms – Deriv, accessed April 21, 2025, https://deriv.com/trading-terms-glossary
18. Binary Options Trading Software Development Solutions – Chetu, accessed April 21, 2025, https://www.chetu.com/binary-options-software.php
19. Digital Options Definition | How do they work? – Nadex, accessed April 21, 2025, https://www.nadex.com/glossary/digital-option/
20. Binary Trading Platforms :: Dukascopy Bank SA, accessed April 21, 2025, https://www.dukascopy.com/swiss/english/binary-options/trading-platforms/
21. Is Binary Options Trading legal in India? – Shoonya Blog, accessed April 21, 2025, https://blog.shoonya.com/is-binary-options-trading-legal-in-india/
22. Deriv API | Customise your trading app, accessed April 21, 2025, https://api.deriv.com/
23. Trade on Options across 50+ assets – Deriv, accessed April 21, 2025, https://deriv.com/trade/options
24. Digital Options – Deriv APIs, accessed April 21, 2025, https://developers.deriv.com/docs/digital-options
25. Beware of Binary Options Mobile Apps | CFTC, accessed April 21, 2025, https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/beware_of_binary_options_mobile.htm
26. Regulations Start for Binary Options – Turbify Resource Center, accessed April 21, 2025, https://resources.turbify.com/regulations-start-binary-options-041009020/
27. Deriv : r/Kenya – Reddit, accessed April 21, 2025, https://www.reddit.com/r/Kenya/comments/1f70jze/deriv/
28. Beware of deriv/binary.com : r/Trading – Reddit, accessed April 21, 2025, https://www.reddit.com/r/Trading/comments/m1gvbz/beware_of_derivbinarycom/
29. Does anyone have any insights into the operations of Deriv.com/Binary.com. I have my suspicions but i need some sort of confirmation. : r/Scams – Reddit, accessed April 21, 2025, https://www.reddit.com/r/Scams/comments/pnr8m5/does_anyone_have_any_insights_into_the_operations/
30. How does Deriv make money with Synthetic Indices? : r/Forex – Reddit, accessed April 21, 2025, https://www.reddit.com/r/Forex/comments/s3tg85/how_does_deriv_make_money_with_synthetic_indices/
31. I had a very disappointing experience with Deriv., accessed April 21, 2025, https://community.deriv.com/t/i-had-a-very-disappointing-experience-with-deriv/87693
32. MANIPULATION AND FRAUDULENT ACTIVITIES BY DERIV., accessed April 21, 2025, https://community.deriv.com/t/manipulation-and-fraudulent-activities-by-deriv/87620
33. IBKR Trading API Solutions | Interactive Brokers LLC, accessed April 21, 2025, https://www.interactivebrokers.com/en/trading/ib-api.php
34. About Deriv API, accessed April 21, 2025, https://api.deriv.com/docs/guides/about-the-deriv-api/
35. How to implement a Nadex autotrading bot? – Stack Overflow, accessed April 21, 2025, https://stackoverflow.com/questions/38949710/how-to-implement-a-nadex-autotrading-bot
36. JForex API :: Dukascopy Bank SA, accessed April 21, 2025, https://www.dukascopy.com/swiss/english/forex/api/jforex-api/
37. Deriv API | Partners Help and FAQs, accessed April 21, 2025, https://deriv.com/partners-help-centre/deriv-api
38. Nadex APIs, accessed April 21, 2025, https://rapidapi.com/collection/nadex-api
39. Introduction – Exchange API v1, accessed April 21, 2025, https://exchange-docs.crypto.com/exchange/v1/rest-ws/index.html
40. Advanced Trade WebSocket Rate Limits | Coinbase Developer Documentation, accessed April 21, 2025, https://docs.cdp.coinbase.com/advanced-trade/docs/ws-rate-limits
41. WebSocket – Deriv API, accessed April 21, 2025, https://api.deriv.com/docs/core-concepts/websocket/
42. Leverage our websocket API for real-time communication, accessed April 21, 2025, https://developers.deriv.com/docs/websockets
43. @deriv/deriv-api 1.0.11 | Documentation – GitHub Pages, accessed April 21, 2025, https://deriv-com.github.io/deriv-api/
44. Python bindings for deriv.com websocket API – GitHub, accessed April 21, 2025, https://github.com/deriv-com/python-deriv-api
45. deriv_api API documentation – GitHub Pages, accessed April 21, 2025, https://deriv-com.github.io/python-deriv-api/
46. deriv-com/deriv-api: Websocket API for deriv.app – GitHub, accessed April 21, 2025, https://github.com/deriv-com/deriv-api
47. WebSocket client for Python – GitHub, accessed April 21, 2025, https://github.com/websocket-client/websocket-client
48. Easy steps to keep your websocket connection live – Deriv APIs, accessed April 21, 2025, https://developers.deriv.com/docs/keep-connection-live
49. Internet Connection Troubleshoot / Testing – Beginners – TouchDesigner forum, accessed April 21, 2025, https://forum.derivative.ca/t/internet-connection-troubleshoot-testing/305263
50. Secure User Access with Deriv API – Developers, accessed April 21, 2025, https://community.deriv.com/t/secure-user-access-with-deriv-api/87841
51. WebSocket Integration in Deriv APIs – Developers, accessed April 21, 2025, https://community.deriv.com/t/websocket-integration-in-deriv-apis/88062
52. Can I connect more than a one Api Client Websocket client in parallel – Deriv community, accessed April 21, 2025, https://community.deriv.com/t/can-i-connect-more-than-a-one-api-client-websocket-client-in-parallel/40787
53. FIX API :: Dukascopy Bank SA, accessed April 21, 2025, https://www.dukascopy.com/swiss/english/forex/api/fix-api/
54. Minimum Conditions :: Dukascopy Bank SA, accessed April 21, 2025, https://www.dukascopy.com/swiss/english/forex/api/fix-api/fix-api-account/
55. FIX API Not Working. Requesting help. – Trading – Reddit, accessed April 21, 2025, https://www.reddit.com/r/Trading/comments/1dcjcjp/fix_api_not_working_requesting_help/
56. I’m looking for a Python API to a binary options trading platform. – Reddit, accessed April 21, 2025, https://www.reddit.com/r/Python/comments/10rpzg/im_looking_for_a_python_api_to_a_binary_options/
57. nadex/nadex.py at master · info3g/nadex – GitHub, accessed April 21, 2025, https://github.com/info3g/nadex/blob/master/nadex.py
58. Actually good APIs? : r/algotrading – Reddit, accessed April 21, 2025, https://www.reddit.com/r/algotrading/comments/13ro8j9/actually_good_apis/
59. Finally deployed my own algotrading system – Reddit, accessed April 21, 2025, https://www.reddit.com/r/algotrading/comments/z55fcn/finally_deployed_my_own_algotrading_system/
60. API guide – Deriv.com API, accessed April 21, 2025, https://trolls-api.vercel.app/docs/api-guide
61. mdn522/binaryapi: Binary.com & Deriv.com API for Python – GitHub, accessed April 21, 2025, https://github.com/mdn522/binaryapi
62. Issues · deriv-com/python-deriv-api – GitHub, accessed April 21, 2025, https://github.com/deriv-com/python-deriv-api/issues
63. Issues · deriv-com/deriv-api – GitHub, accessed April 21, 2025, https://github.com/deriv-com/deriv-api/issues
64. API Purchase Error: message”:”Sorry, an error occurred while processing your request.”},”msg_type”:”buy” – Trading Platforms – Deriv community, accessed April 21, 2025, https://community.deriv.com/t/api-purchase-error-message-sorry-an-error-occurred-while-processing-your-request-msg-type-buy/26364
65. Products to Trade | Nadex, accessed April 21, 2025, https://www.nadex.com/product-market/
66. CFTC’s Review of Nadex Sports Contract Submissions | CFTC, accessed April 21, 2025, https://www.cftc.gov/PressRoom/PressReleases/9033-25
67. CFTC Issues Order Prohibiting North American Derivatives Exchange’s Political Event Derivatives Contracts | CFTC, accessed April 21, 2025, https://www.cftc.gov/PressRoom/PressReleases/6224-12
68. notified the North American Derivatives Exchange, Inc. (Nadex) d/b/a Crypto.com it will initiate a review of the two … and/or the National Collegiate Athletic Association. Nadex’s publicly-filed title event contract submission is … date in recognition of the outcome of the Title Event. Nadex’s publicly-filed hometown celebration contract – Search Content | CFTC, accessed April 21, 2025, https://www.cftc.gov/solr-search/content?keys=Nadex
69. Understanding The Legality Of Binary Options Trading: Global Perspectives, accessed April 21, 2025, https://www.ajs.org/understanding-the-legality-of-binary-options-trading/
70. Europe wide ban on risky binary options – DLA Piper, accessed April 21, 2025, https://www.dlapiper.com/en/insights/publications/2018/10/finance-and-markets-global-insight-issue-15/europe-wide-ban-on-risky-binary-options
71. EU brokers faced with Binary Options ban, Deposit Bonus ban, and 30x Forex leverage cap, accessed April 21, 2025, https://www.leaprate.com/forex/regulations/eu-brokers-binary-options-ban-deposit-bonus-ban-30x-forex-leverage-cap/
72. New ESMA Regulations for Forex Brokers and CFD Brokers affecting EU citizens, accessed April 21, 2025, https://www.forexchurch.com/new-esma-regulations
73. ESMA renews binary options prohibition for a further three months from 2 January 2019, accessed April 21, 2025, https://www.esma.europa.eu/press-news/esma-news/esma-renews-binary-options-prohibition-further-three-months-2-january-2019
74. ESMA renews binary options prohibition for a further three months from 2 April 2019, accessed April 21, 2025, https://www.esma.europa.eu/press-news/esma-news/esma-renews-binary-options-prohibition-further-three-months-2-april-2019
75. ESMA Extends Prohibition of Binary Options until 2019 – Finance Magnates, accessed April 21, 2025, https://www.financemagnates.com/binary-options/regulation/esma-extends-prohibition-of-binary-options-until-2019/
76. Binary Option: The Isle of Man regulation alternative – Finance Magnates, accessed April 21, 2025, https://www.financemagnates.com/forex/brokers/binary-option-the-isle-of-man-regulation-alternative/
77. Blacklists of unauthorized companies and websites: Forex, binary options, miscellaneous goods, crypto-assets derivatives, usurpations | AMF – Autorité des marchés financiers, accessed April 21, 2025, https://www.amf-france.org/en/warnings/blacklists
78. FCA confirms permanent ban on the sale of binary options to retail consumers, accessed April 21, 2025, https://www.fca.org.uk/news/statements/fca-confirms-permanent-ban-sale-binary-options-retail-consumers
79. ASIC matches EU regulators with 30x CFD leverage cap – FX News Group, accessed April 21, 2025, https://fxnewsgroup.com/forex-news/regulatory/asic-matches-eu-regulators-with-30x-cfd-leverage-cap/
80. Deriv – FX News Group, accessed April 21, 2025, https://fxnewsgroup.com/forex-brokers/deriv/
81. Financial Regulators Information – Deriv, accessed April 21, 2025, https://deriv.com/regulatory
82. Legal | Nadex, accessed April 21, 2025, https://www.nadex.com/legal/
83. @deriv/deriv-api examples – CodeSandbox, accessed April 21, 2025, https://codesandbox.io/examples/package/@deriv/deriv-api
84. WELTRADE is the industry-leading platform for trading Forex, accessed April 21, 2025, https://www.weltrade.com/
85. Monetise your trading app – Deriv API, accessed April 21, 2025, https://api.deriv.com/docs/guides/monetizing-the-deriv-api/
86. A quick guide to utilites APIs – Developers – Deriv community, accessed April 21, 2025, https://community.deriv.com/t/a-quick-guide-to-utilites-apis/87983
87. Business partners’ terms and conditions | Application programming interface (API) users – Deriv, accessed April 21, 2025, https://docs.deriv.com/tnc/business-partners-api-user.pdf
88. Functions of API Calls – Deriv API, accessed April 21, 2025, https://api.deriv.com/docs/core-concepts/api-calls-anatomy/
89. Deriv community | Resources | Deriv, accessed April 21, 2025, https://community.deriv.com/
90. I need API support – Trading Platforms – Deriv community, accessed April 21, 2025, https://community.deriv.com/t/i-need-api-support/37804
91. Latest Developers topics – Deriv community | Resources, accessed April 21, 2025, https://community.deriv.com/c/developers/48
92. account not connected to a server and I can´t stop my trading – Deriv community, accessed April 21, 2025, https://community.deriv.com/t/account-not-connected-to-a-server-and-i-can-t-stop-my-trading/18230
93. Getting all general trade data in real time – Deriv community, accessed April 21, 2025, https://community.deriv.com/t/getting-all-general-trade-data-in-real-time/87780
94. Latest topics – Deriv community | Resources, accessed April 21, 2025, https://community.deriv.com/latest
95. API Python – Deriv community | Resources, accessed April 21, 2025, https://community.deriv.com/t/api-python/87582
96. Trading is not offered for this asset – CRASH300N – Deriv community, accessed April 21, 2025, https://community.deriv.com/t/trading-is-not-offered-for-this-asset-crash300n/62078
97. Manage Deriv API: access on third-party applications and mobile apps – Trading Platforms, accessed April 21, 2025, https://community.deriv.com/t/manage-deriv-api-access-on-third-party-applications-and-mobile-apps/29159
98. AI innovations powering our engineering future | Deriv Tech, accessed April 21, 2025, https://deriv.com/derivtech/learning/ai-innovations-that-are-driving-our-success
99. Nadex Amends Rules Pertaining to Order Entry and Swap Data Repository Reporting, accessed April 21, 2025, https://www.nadex.com/notices/nadex-amends-rules-pertaining-order-entry-and-swap-data-repository-reporting/
100. Nadex Contracts Categorized as ‘Swaps’ Under Dodd-Frank, accessed April 21, 2025, https://www.nadex.com/notices/nadex-amends-fix-connection-fees/
101. NORTH AMERICAN DERIVATIVES EXCHANGE, INC. (NADEX) RULES d/b/a – Commodity Futures Trading Commission, accessed April 21, 2025, https://www.cftc.gov/filings/orgrules/rules1020237618.pdf
102. RULES OF NADEX CLEARING, LLC – Commodity Futures Trading Commission, accessed April 21, 2025, https://www.cftc.gov/stellent/groups/public/@otherif/documents/ifdocs/nadexformdcoexhibita-2.pdf
103. Rules | Nadex, accessed April 21, 2025, https://www.nadex.com/rules/
104. Nadex Amends its Fee Schedule for API Members, accessed April 21, 2025, https://www.nadex.com/notices/nadex-amends-its-fee-schedule-api-members/
105. Executing a trade and managing a position on the new Nadex platform, accessed April 21, 2025, https://www.nadex.com/learning/executing-a-trade-and-managing-a-position-on-nadex-platform/
106. Placing an order on the new Nadex platform, accessed April 21, 2025, https://www.nadex.com/learning/placing-an-order-on-the-new-nadex-platform/
107. New Nadex platform walkthrough | Tutorial, accessed April 21, 2025, https://www.nadex.com/learning/new-nadex-platform-walkthrough/
108. Trading with NadexGO™ mobile app | Tutorial video | Nadex, accessed April 21, 2025, https://www.nadex.com/learning/nadexgo-mobile-app-tutorial/
109. Dukascopy Bank SA – Trade Forex, Stocks, Crypto, Indexes, Gold, accessed April 21, 2025, https://www.dukascopy.com/swiss/english/home/
110. API for Developers :: Dukascopy Bank SA, accessed April 21, 2025, https://www.dukascopy.com/swiss/english/marketwatch/api-data-export/
111. Open Binary Options DEMO Trading Account :: Dukascopy Bank SA, accessed April 21, 2025, https://www.dukascopy.com/swiss/english/binary-options/open-demo-account/
112. Binary Option – IBKR Campus, accessed April 21, 2025, https://www.interactivebrokers.com/campus/glossary-terms/binary-option/
113. Choosing an API. What’s your go to? : r/algotrading – Reddit, accessed April 21, 2025, https://www.reddit.com/r/algotrading/comments/1j9m96z/choosing_an_api_whats_your_go_to/
114. Rate Limits – Derive, accessed April 21, 2025, https://docs.derive.xyz/reference/rate-limits
115. Nadex 5-minute binary options explained, accessed April 21, 2025, https://www.nadex.com/learning/nadex-5-minute-binary-options-explained/