10 best Binary Options Brokers – comparison

See the list of the top 10 binary brokers here:

Broker:

Review:

Advantages:

Sign up:

1. Quotex

95%+ return on investment

5/5
  • Profit 95%+ 

  • Free bonuses

  • Fast deposits & withdrawals

  • No fees

  • Free demo account

Live account from $ 10

(Risk warning: Your capital can be at risk)

2. IQ Option

95%+ return on investment

5/5
  • User-friendly

  • Forex & CFDs

  • Profit 94%+

  • Contests

  • Free demo account

Live account from $ 10

(Risk warning: Your capital can be at risk)

3. Pocket Option

95%+ return on investment

5/5
  • Social trading

  • No fees

  • User-friendly

  • Free bonuses

  • Profit 94%+

Live account from $ 10

(Risk warning: Your capital can be at risk)

4. Binomo

92%+ return on investment

5/5
  • Contests

  • Popular platform

  • Fast execution

Live account from $ 10

(Risk warning: Your capital can be at risk)

5. Expert Option

93%+ return on investment

5/5
  • Short-term trading

  • Fast deposits

  • Social trading

Live account from $ 10

(Risk warning: Your capital can be at risk)

6. Deriv

93%+ return on investment

5/5
  • Regulated

  • Automated trading

  • MT4/MT5

Live account from $ 10

(Risk warning: Your capital can be at risk)

7. BinaryCent

92%+ return on investment

5/5
  • High bonus

  • Social trading

  • Trade with $ 0.01

Live account from $ 250

(Risk warning: Your capital can be at risk)

8. RaceOption

92%+ return on investment

5/5
  • High bonus

  • Social trading

  • Free gifts

Live account from $ 250

(Risk warning: Your capital can be at risk)

9. Binarium

92%+ return on investment

5/5
  • Simple platform

  • Fast deposits

  • High return

Live account from $ 10

(Risk warning: Your capital can be at risk)

10. Olymp Trade

92%+ return on investment

5/5
  • Regulated

  • Contest

  • FX & option trading

Live account from $ 10

(Risk warning: Your capital can be at risk)

Binary options brokers provide investors with a simple approach to making a substantial profit from the market of binary options. It can be confusing to identify the ideal trading system for your needs with several binary broker options available.

Today, there are a growing number of brokers available, making it difficult to narrow down your options and select the one that best meets your interests. Finding the correct trading platform for which a broker has binary options to trade can be a challenging task.

Well, we shall let you know where to trade binary options. Here is a list of well-known Binary Options forex brokers.

List of the 10 best Binary Options brokers

#1 Quotex

Quotex official website

Quotex.io is undoubtedly among the best binary options trading platforms. With a straightforward and simple-to-use trading platform, no fewer than 22 oscillators and trends indicators, and the most accurate trading signals that will aid you in the creation of your trading strategy.

Access to over 410 assets, including indices, commodities, and Forex, is provided through Quotex. Without registering or making a deposit, you can start a demo account to exercise binary options trading and refine your methods. One of the least expensive binary options brokers is Quotex because it just requires a deposit of $ 10 to start trading with real money. 

(Risk warning: your capital can be at risk)

Quotex trading broker for binary options

Deposits and withdrawals can be made using a variety of well-liked payment options, including Skrill, WebMoney, Qiwi, Neteller, and Yandex Money.

Quotex trading platform features:

  • Low minimum deposit amount of just $10
  • No deposit of $10 000 free demo account
  • Trading signals
  • Processing withdrawals is swift
  • A variety of funding and withdrawal options
  • Round-the-clock, multilingual customer service

(Risk warning: your capital can be at risk)

#2 IQ Option

IQ Option official website

Have you found yourself asking the question, where can I do binary trading?

One of the best binary options brokers, IQ Option, offers access to the binary options market through an easy-to-use trading platform. The platform includes the four widely used indicators, Bollinger bands, relative strength index, moving averages, and alligators, to assist traders in correctly predicting the direction of price movement. 

IQ Option also enables you to speculate on cryptocurrencies, stocks, and ETFs, as well as a variety of digital options through contracts for difference (CFDs). CFD trading, binary options trading, and digital options trading are all done on the IQ Option trading platform. 

(Risk warning: your capital can be at risk)

IQ Option trading broker

On a variety of assets, which range from equities, commodities, indices, and currency, you can trade using leverage. However, clients outside of the EEA work through IQ Option Ltd., a St. Vincent and the Grenadines-based corporation. One of the key benefits of trading on IQ Option is that an account can be opened with just a $10 investment. 

It offers access to a large selection of digital options featuring payouts of approximately 900% and the possibility to trade more than 14 cryptocurrencies, FX, and other markets with minimal spreads.

IQ Option trading platform features:

  • Low $10 minimum deposit amount
  • Free Demo Account for $10,000 with no deposit required
  • Processing of withdrawals is quick
  • Variety of Trading Assets (Commodities, Indices, Options, Forex, Stocks, Crypto, ETFs)
  • Numerous funding and withdrawal options
  • 24-hour multilingual customer service
  • A top trading platform for trading CFDs and options

(Risk warning: your capital can be at risk)

#3 Pocket Option

Pocket Option official website

This cutting-edge trading platform offers minimal minimum deposits, simple payment options, great returns, and a wide range of technical analysis tools.

Since its debut in 2017, Pocket Option has provided services to over 10 million clients in more than 95 nations.

You can trade more than 100 different assets with Pocket Option, including indices, equities, foreign exchange, cryptocurrencies, and commodities. You can register for a demo account that does contain fake funds to practice utilizing the website’s platform. You can utilize all of the site’s features in this sample without taking any actual risks.

Withdrawal or even a deposit with the Pocket Option are easy to make. You don’t need to accumulate a sizable profit before you cash out on the platform because the minimum deposit and withdrawal amounts are just $50. You can use cashback as well as other trading incentives to make the procedure simpler, and Pocket Option allows a variety of quick and secure payment options.

(Risk warning: your capital can be at risk)

Pocket Option trading broker

The fact that Pocket Option offers a minimum trading amount of $1 will appeal to investors who are unfamiliar with the field of binary options because it enables you to begin small and lower your risk. You can take binary options with you everywhere you go, thanks to the platform’s compatibility with Android, Windows, iOS, and web browsers.

Additionally, new traders will value Pocket Option’s thorough education section, which includes lessons and recommendations on binary trading tactics. Before risking your money, the website gives you the peace of mind that you are knowledgeable about binary options trading.

Since this platform is governed by the International Financial Market Relations Regulation Center (IFMRRC), you can be sure that all of your trades are legal and secure. In many nations, which range from the United States and all of Europe, Pocket Option is accessible.

In conclusion, Pocket Option is a reliable binary options broker boasting a global clientele. 

Pocket Option trading platform features:

  • $50 minimum initial deposit
  • Lowest trade: $1
  • Account demo: Yes
  • Over 100 underlying assets
  • Acceptable to the USA: Yes

(Risk warning: your capital can be at risk)

#4 Binomo

Binomo official website

A well-known name in the binary options and online trading industries is Binomo. Numerous honors have been bestowed upon this broker, most notably the FE Awards and the IAIR Awards. The Financial Commission, a separate regulatory authority that defends consumers in court against unethical brokerage practices, oversees Binomo. 

To hone your trading abilities and learn about a variety of financial prospects, this broker offers you access to a $1,000 demo account. You can begin trading using the demo account.

Only $ 10 is required, and minimum trades begin at $ 1. You can trade simultaneously and without limitations with Binomo. The possibility to trade utilizing a variety of assets employing binary options and CFDs is provided by Trader the Week. 

Similar to the majority of the greatest brokers, you may trade using their application for iPhone and Android and stay quickly updated about trade and market closings, promotions, and tournaments.

With this broker, you may instantly deposit and withdraw money using an American Express, Visa, MasterCard, JCB, or China Union Pay card.

Binomo’s trading platform features: 

  • There is simply a $10 minimum deposit
  • No-deposit free practice account
  • Withdrawals are processed quickly
  • Variety of trading assets
  • Available around-the-clock client service

(Risk warning: your capital can be at risk)

#5 Expert Option

Expert Option official website

With more than 50,000,000 customers, Expert Option is a market leader in the online trading space. In May 2017, the China Trading Expo presented this broker with the Best Trading Platform Award. You can trade from more than 100 assets and equities on ExpertOption, and the platform is constantly introducing new financial instruments to expand the market prospects available to users. 

This particular binary options broker offers its platform with 4 different chart styles (Bars, Area, Line, and Candles), 8 different technical analysis indicators, and trend lines. You have the option to employ a social trading feature with Expert Option, which can help both novice and experienced traders duplicate the moves of the greatest traders.

(Risk warning: your capital can be at risk)

Expert Option trading platform

On Expert Option, money deposits and withdrawals are quick and commission-free. They can accomplish this using a variety of payment options, including MasterCard, Visa, JCB, Skrill, Neteller, and Maestro debit and credit cards.

The European Economic Area (EEA) and other nations and regions, including the United States, Singapore, Bangladesh, Indonesia, New Zealand, Australia, Canada, Russia, Switzerland, Israel, Puerto Rico, Iran, North Korea, and Yemen, are not accepted as clients of the Broker Expert Option.

ExpertOption’s trading platform features:

  • There is simply a $10 minimum deposit
  • No-deposit free practice account
  • Processing withdrawals happen quickly
  • Variety of trading assets
  • Several different funding and withdrawal options
  • Available around-the-clock client service

(Risk warning: your capital can be at risk)

#6 Deriv

Deriv official website

Deriv.com was created to celebrate the innovation and advancement of Binary.com. The brokerage has changed over the past 20 years by putting an emphasis on the needs, interests, and innovations of its clients. Users can trade FX, commodities markets, stocks, and artificial indices using this platform.

Regent Markets Group, the founding company of Deriv brokerage, was founded in 1999 with the intent of creating internet trading more accessible to the general public. The Group has achieved substantial growth. In addition, it has changed its name. However, it has not lost direction from its original goal. When Regent Markets opened a branch in Malta in 2000, Deriv, which offered options trading, was acquired.

(Risk warning: your capital can be at risk)

Deriv available trading products

Currency, commodities markets, equities, as well as synthetic indexes are some of Deriv’s assets. Trading of binary options is also provided by the company. The company offers three different sorts of accounts to its clients: a basic financial account, a financial STP account, as well as a demo account. 

Additionally, the methods are simple, user-friendly, and effective. With more than twenty years of operation, Deriv has made a name for itself as a dependable platform. Along with Binary.com’s Smart Trader platform, Deriv.com provides three trading platforms.

Trading platforms features of Deriv:

  • Free demo accounts are offered
  • Leverage can go up to 1:000
  • $/€/€5 as the minimal investment
  • More than 100 tradable items are available (commodity markets, equities, FX, and synthetic indexes)
  • Trading is available around-the-clock
  • There are binary options (with a maximum return of 100%), FX trading, and CFD trading choices accessible
  • Trade execution happens swiftly
  • Automatic trading is available
  • Offers simple but efficient trading systems

(Risk warning: your capital can be at risk)

#7 BinaryCent

Binarycent official website

With BinaryCent’s binary options broker, you may invest and make up to 95% within only 60 seconds. It is possible to trade various assets such as binary options, CFDs, and FX pairs on their trading interface.

The option to mimic the top traders on the BinaryCent trading system is one of its biggest features. You can select which traders you would like to follow and then, with a click, imitate their transactions. Beginners who are still studying how to buy and sell binary options will find this copy trading tool to be particularly helpful.

BinaryCent is a fantastic binary options broker to take into consideration if you’re looking for a simple-to-use trading platform with excellent payouts and substantial initial deposits. BinaryCent is the greatest choice for novice traders because it offers copy trading and trades with a 10-cent minimum amount.

BinaryCent’s trading features:

  • BinaryCent offers binary options trading for as little as 10 cents a trade, that’s less than most other online binary options brokers
  • Hour withdrawals: BinaryCent does have a 1-hour processing period for withdrawals, in contrast to other binary options brokers who may require up to 72 hours
  • Weekend trading: Even on the weekends, you can trade continuously with BinaryCent
  • Numerous different deposit methods: BinaryCent provides a range of deposit options for funding your account, including credit cards and cryptocurrencies
  • Massive bonuses: BinaryCent offers bonuses to traders on their initial trading deposits. The bonus percentage is based on the quantity of your deposit and can go up to 100%
  • Contests in trading: Every week, 20 winners receive $20,000 in prize money from BinaryCent’s trading competitions
  • $250 minimum deposit
  • Deposit bonuses range from 20% to 100%
  • Leverage: a maximum of 1:100

(Risk warning: your capital can be at risk)

#8 RaceOption

RaceOption official website

RaceOption is a platform to look into if you enjoy the rush of rewards and bonuses when trading binary options. RaceOption supports approximately 10,000 trades every day with more than 100 asset options, including stocks, cryptocurrencies, and commodities.

RaceOption offers a variety of incentive programs that are great if you want to increase your profits. You can make extra money by introducing friends to the platform; after they sign up, you’ll get paid 20% of their deposits. To win prizes like iPads, iMac computers, or cash, you may also enter the website’s giveaways and sweepstakes.

The RaceOption replicating features are useful for traders who are inexperienced in binary options trading. You can choose a trader from the website’s list of prosperous investors and mimic their trades with these tools, which will give you greater confidence while making trading selections.

Withdrawals from RaceOption must be at least $50, and deposits must be a minimum of $250. To reduce risk, you can start placing trades as soon as you make the initial deposit. The minimum trading size is $1. Even better, your withdrawal should be approved within an hour of the request, meaning that your money will be sent into your account right away.

Presently, RaceOption is not subject to American regulatory oversight, and it holds little regulatory authorization abroad. However, a lot of traders think it’s a dependable binary trading system, so you may probably rely on its services just as much as the ones of the other websites on the list.

All things considered, RaceOption is a great alternative for traders seeking secure trading platforms combined with entertaining and engaging bonus offers.

RaceOption’s trading platform features:

  • Deposit minimum: $250
  • 20–100% as a sign-up bonus
  • A demo account is offered
  • More than 150 underlying assets

(Risk warning: your capital can be at risk)

#9 Binarium

Binarium official website

Since 2012, customers have been able to use services via the trading site Binarium, which is situated in Cyprus. A trading career can be started on this secure and dependable platform. It provides a range of market access options, including gold and cryptocurrency oil. To start trading, it also provides a variety of account types. From creating an account to depositing or withdrawing money, it features a highly user-friendly interface.

To help users as soon as possible, the support crew is busy and dynamic. Numerous nations have it in operation. The techniques for deposits and withdrawals are not too difficult. It also makes numerous offers and bounces at various times. There isn’t much data available about the company. Binarium.com is run by Binarium Limited, a business located in Cyprus, and registered with HE321566 as its company identification number.

An online trading platform and a mobile app are supported by the firm. It is a standard Binary Options Broker with optimal conditions and high yields. However, bear in mind that there are not a lot of different assets. More markets are available from other suppliers. Overall, nevertheless, the most traded assets will be in favorable conditions.

Binarium’s trading platform features:

  • The minimum withdrawal is €5, $5, $5, ₴150, or ₽300
  • One-hour withdrawal for authenticated members
  • You can’t withdraw bonus money
  • 7 trading days per week
  • First-time deposit bonus of 100%
  • Binarium can yield up to 90% profit.
  • At Binarium, you can invest up to €10,000, $10,000, $10,000, $600,000, or even up to $250,000
  • Quick trade execution
  • Trading in cryptocurrency, foreign exchange, and commodities is allowed

(Risk warning: your capital can be at risk)

#10 Olymp Trade

Olymp Trade official website

Olymp Trade is a trustworthy online trading broker that welcomes clients from the majority of the world’s nations. This internet brokerage firm has won numerous accolades for professionalism and is completely legitimate and registered. Since 2016, the International Finance Commission has been in charge of regulating this binary options broker, which is a great feature. 

The top binary options broker with the MT4 trading platform on our list of binary options brokers is Olymp Trade. Any device you choose can be switched to with complete ease, thanks to Olymp Trade’s specially designed platform. You can easily and quickly deposit money using a bank card, WebMoney, Bitcoin, Tether USDT, Neteller, Skrill, JCB, Union Pay, Perfect Money, and Ethereum, as well as test your trading techniques on the site for free.

Using this online broker’s platform or the popular MT4 trading platform, you can trade indices, commodities, currencies, stocks, metals, cryptocurrencies, ETFs, and OTC assets.

The trading platform features of OlympTrade:

  • Integration with the MT4 trading platform
  • It only takes a $10 minimum deposit
  • No-deposit demo account that is free
  • Processing of withdrawals is quick
  • Diverse types of trading assets
  • There are many different ways to fund and withdraw money
  • 24-Hour customer service

(Risk warning: your capital can be at risk)

Considerations for selecting a trading broker for binary options:

Regulations

How do you know if a binary options broker is legit? A regulatory body for the financial sector regulates a large number of binary options brokers. The sector still contains a significant number of unlicensed brokers, nevertheless.

It has taken a while for regulators everywhere to close the gap with the sector. Regulations are in place for a few agencies and organizations.

The following regulatory organizations are well-established in the United States:

The following regulators operate in several nations:

Organizations are paying more attention to binary options now that they’ve caught their attention and, in many instances, are attempting to tighten rules on numerous internet trading platforms.

Some brokers on the market are uncontrolled, despite increased regulation of every binary options operator. Regulations protect your interests, particularly if you are a newbie to trading binary options. A few of these binary brokers could be legitimate.

(Risk warning: your capital can be at risk)

Deposits on a Binary Options broker

A minimal deposit is typically required for each trading account with binary options brokers. Depending on the particular policies of the platform, this sum can range from several dollars to many hundred dollars.

Look for trading platforms that have lower minimum deposit requirements if you’re new to binary options trading or you don’t feel comfortable investing more than $100. But if you want a bigger return, Quotex is a platform with a very low minimum deposit that may be most advantageous for you.

In any case, don’t let a trading platform force you to spend more money than you’re comfortable with. Choose a different platform if the minimum deposit requirement for a particular website is too high.

Deposit methods

Binary Options brokers payment methods

You should never proceed with a broker until you have confirmed that they employ secure payment methods. Giving out the details of either credit card or bank account details has hazards. Binary options brokers should make it clear up front which deposit options they accept, including cryptocurrencies, bank wire transfers, debit or even credit cards, e-wallets, as well as electronic wallets.

When looking for the best options broker, take into account the payment alternatives you are most at ease with. As soon as you start trading using a platform, keep a watch on the bank account because hazardous websites could begin to make illegal withdrawals from it.

(Risk warning: your capital can be at risk)

Available trading platforms:

Available platforms of the Binary Options broker

You can execute trades using a variety of devices thanks to several brokers’ platforms, which include apps and online browser platforms.

You’ll likely succeed with a browser-based system if you intend to conduct the majority of the trading from a computer. However, you should look for brokers who are compatible with iOS as well as Android if you want to be able to manage the account from any location or place trades using a mobile device. 

Underlying assets

Underlying assets of a Binary Options broker

A financial item on which you wager is referred to as an underlying asset in binary options trading. The majority of trading platforms include a selection of underlying assets; many of the websites on our list provide you the option to select from over 100 financial goods. Cryptocurrencies, indices, commodities, Forex, and stocks are a few of the well-known marketplaces.

If you have a certain underlying asset in mind, seek platforms that focus on that industry. If not, you might gain the most from a platform containing a few dozen products.

(Risk warning: your capital can be at risk)

Withdrawals

A maximum withdrawal sum of $1,000 or $10,000 may be imposed by some binary options brokers on each payout. Other brokers reduce payouts on both sides of the trade to cover fees, limiting your maximum payout to 85 or 90 percent of the total profit.

Consider how a website’s maximum payouts may affect your profits as you look for the finest binary options brokers for you. Some platforms offer prizes or other benefits in order to make up for their poor payment rates, but others wind up draining your bank account more than they are worth.

Demo accounts

Binary Options demo account

For individuals who are still getting the hang of binary options trading, demo accounts are helpful. You may open a free demo account with several brokers to practice binary options trading with fake money. By using these practice accounts, you can see how your decisions affect if you win or lose funds, giving you more confidence before using actual money.

Before settling on a binary options broker, you can test out a number of them using demo accounts. Before setting up a paid trading account, you can utilize your demo account to have a better understanding of the user interface, technical indicators, features, and risk management options of each platform.

Be aware of country restrictions

In some nations, there are specific rules regarding how residents can engage in binary options trading, which is a strictly regulated form of investing. Due to U.S. trading regulations, many brokers do not conduct business there. Additionally, the FCA (Financial Conduct Authority) in the UK oversees option trading.

Make sure the trading sites you visit when searching for the top binary options brokers are accessible in your nation. By using a VPN or any other method, you should never try to circumvent a country’s regulations since you can face legal repercussions for doing so.

Conclusion: Top Binary Options brokers are available online

As a new trader, you may be wondering which binary options broker is best. Trading of binary options is generally just as secure as trading on any other market. Since binary options were approved by the U.S. Securities and Exchange Commission in 2008, traders all over the world have regarded them as one of the most secure trading options available.

Here in this article, we have answered the most commonly asked question which broker has binary options? All the brokers mentioned above offer a wide variety of binary options assets.

The simplicity and ease of understanding of trading binary options are one reason why it is so safe. Due to a lack of understanding of the terms of an investment, you won’t run the risk of losing money. You shouldn’t have any trouble comprehending how much money you’ll make or lose on each binary option contract because they are so straightforward.

Not all brokers of binary options, though, are trustworthy and safe. Using a reputable binary broker with a secure trading platform is the best method to make sure that the trade is secure. Only use an authorized binary options broker if you are confident in the reliability of the trading platform and if it has received favorable feedback from other traders. If you have any concerns about a website’s security, leave and look for another binary options broker.

(Risk warning: your capital can be at risk)

Frequently asked questions

How do brokers of binary options make money?

There are two ways that binary options brokers can profit.
First off, some brokers take on the role of the trader or even the counterparty you are betting against. “Over-the-counter” brokers are the name for these platforms.
Two parties must participate in every binary options transaction: one must wager yes, and the other must wager no. Similar to traders, many brokers profit from some deals while losing others. Although these platforms frequently have millions of users, their profit potential is typically greater than that of the typical trader.
The revenue stream for other binary options brokers is commission. Depending on whether a trader wants to buy or sell, these brokers serve as a middleman to match the two. Clients using commission-based platforms may not be aware that they are spending any additional money because commission payments are frequently masked within each contract’s spread or the gap between the selling and buying prices.
Additionally, commission-based brokers frequently provide leverage to encourage greater trade sizes and increase their profits.

When trading binary options, should you use several brokers?

There are various gains to opening accounts with different brokers.
In the beginning, some brokers focus on particular trades. You might want to open a single account with each kind of broker if you intend to trade in multiple categories, such as binary options, call options, and short-term trades.
Having multiple platforms available also lessens the chance of putting all the eggs in one basket. You won’t run the risk of losing all of the money at once if one website fails, proves to be fraudulent, or is unsuitable for your needs.
Additionally, some websites provide sign-up incentives for new users that let you expand the initial deposit for free. For the purpose of utilizing these bonuses, it might be advantageous to open accounts on several different websites and divide your money among them.
To avoid losing track of the activity on each platform, be cautious if you decide to create accounts on several of them. You risk missing deadlines and losing out on profits by trying to remember multiple expiry times, which negates the advantages of using multiple brokers.

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