The 16 best binary options brokers & Trading platforms

We have created a list and selected the best binary options brokers and regulated trading platforms for you. All brokers and platforms have been tested and reviewed one by one to guide you in your search for the best binary options trading platform.

You can select and sort brokers based on various criteria, like regulations, minimum deposit amount, maximum return per successful trade, bonuses, and other welcome offers offered by brokers.

You also have the possibility of seeing in more detail the different brokers and the characteristics of each of these online trading platforms. We have also given guidance to help you choose the best broker suited to your specific needs, because the best binary trading platform depends largely on your specific needs.

Top binary options brokers

Broker Min. deposit Min. trade Regulated Bonus Demo Mobile App Visit
Quotex-logo $10 $1 No 30% deposit bonus Yes Yes » Visit
PocketOption-logo $50 $1 Yes 50% deposit bonus Yes Yes » Visit
IQ Option-logo $10 $1 No No bonus Yes Yes » Visit
Exnova logo $10 $1 No 100% deposit bonus Yes Yes » Visit
Deriv-logo $5 $1 Yes No bonus Yes Yes » Visit
Olymp Trade-logo $10 $1 Yes 50% deposit bonus Yes Yes » Visit
Binomo-logo $10 $1 No 10% cashback Yes Yes » Visit
IQCent-logo $50 $0,01 Yes Up to 200% deposit bonus Yes Yes » Visit
Expert Option-logo $10 $1 Yes 100% deposit bonus Yes Yes » Visit
binarum logo $5 $1 Yes Up to 100% deposit bonus Yes Yes » Visit
BinaryCent-logo $50 $0,01 Yes Up to 200% deposit bonus No No » Visit
RaceOption-logo $50 $0,01 No Up to 200% deposit bonus No No » Visit
Nadex-logo $250 $1 Yes No bonus Yes Yes » Visit
CloseOption logo $5 $1 Yes $10 welcome bonus Yes No » Visit
GC Option logo $10 $1 No Risk free trading days Yes Yes » Visit
Worldforex logo $1 $1 Yes Up to 100% deposit bonus Yes Yes » Visit

(General risk warning: your capital can be at risk)

Key elements to compare brokers and trading platforms

Selecting the right broker and trading platform is important for success in binary options trading. This process requires a thorough comparison, focusing on various key factors that can significantly impact your trading experience and outcomes. When comparing brokers and trading platforms, traders should consider a multitude of factors to ensure they select a platform that aligns with their trading goals and strategies.

  • Regulatory Compliance: Ensures the broker adheres to legal standards and offers investor protection. Regulated brokers are more trustworthy and secure.
  • Demo Account: Free binary options demo accounts provide a risk-free environment to test strategies and get familiar with the platform without using real money.
  • User Interface and Experience: A user-friendly and intuitive platform enhances trading efficiency and makes it easier for both novices and experienced traders to navigate and execute trades.
  • Platform Tools and Features: Advanced charting tools, technical indicators, and risk management features aid in analysis and decision-making.
  • Trading Fees and Costs: Understanding all associated fees, including spreads, commissions, and other charges, is crucial for cost-effective trading and increasing profitability.
  • Deposit and Withdrawal Methods: The availability of convenient and fast funding and withdrawal options is essential for managing trading capital efficiently.
  • Payout Percentages: Higher payouts on successful trades can significantly increase profitability in binary options trading.
  • Asset Variety: Offers more opportunities for diversification. The wider the range of available assets, the more strategies a trader can implement.
  • Trade Execution Speed: Fast and reliable trade execution prevents slippage, ensuring trades are executed at the intended prices.
  • Mobile Trading: Offers the flexibility to trade on the go. A robust mobile app ensures you can monitor and execute trades from anywhere.
  • Account Types: Different account types cater to traders with varying levels of experience and capital, offering tailored services, spreads, and leverage.
  • Security Measures: Strong security protocols protect personal and financial information from unauthorized access, ensuring the safety of your assets.
  • Customer Support: Reliable and accessible customer service is essential for resolving issues quickly, ensuring a smooth trading experience.
  • Educational Resources: Materials such as tutorials, webinars, and articles help traders improve their skills and knowledge, contributing to better trading decisions.

Evaluating these factors comprehensively will help traders select a broker and trading platform that not only meet their immediate needs but also support their long-term trading goals. By meticulously assessing these aspects, traders can make an informed decision, selecting a broker and trading platform that best suit their trading needs and preferences.

Regulated binary options brokers

When assessing the best broker, regulation and licensing are crucial considerations. Although unregulated brokers aren’t necessarily fraudulent or unreliable, their status necessitates that traders exercise additional caution and thorough investigation prior to engaging in transactions with them. Choosing a regulated broker is the most secure option.

🏦 Broker⚖️ Regulator📈 Trading Instruments
Pocket OptionMISABO, Crypto, Forex
DerivMFSA, LFSA, VFSC, BFSCBO, CFD, Crypto, Forex
OlympTradeVFSCBO, Forex
CloseoptionNational Bank of GeorgiaBO, Forex
ExpertOptionSVGFSABO, Forex
BinaryCentGLOSFABO, CFD, Crypto
List of regulated binary options brokers

(General risk warning: your capital can be at risk)

Financial regulators

Regulators play a pivotal role in the financial trading landscape, acting as guardians of market integrity and protectors of investor interests. These entities, which vary by country and region, are tasked with overseeing and enforcing rules that brokers and financial institutions must follow to ensure fair, transparent, and secure trading environments.

Prominent regulatory bodies include:

  • The U.S. Securities and Exchange Commission (SEC)
  • The U.K.’s Financial Conduct Authority (FCA)
  • The Cyprus Securities and Exchange Commission (CySEC)
  • The Financial Services Board of South Africa (FSB)
  • The Australian Securities and Investment Commission (ASIC)

There are many other financial market regulators in the world with a common objective, which is to protect investors and the integrity of the financial market. Some brokers are regulated by more than one regulatory body

They set standards for ethical trading practices, client fund protection, dispute resolution, and risk disclosure, providing traders with a level of security and trust in their trading endeavors. By mandating strict compliance and punishing misconduct, regulators help to minimize fraud and malpractice within the industry, thereby boosting investor confidence.

For traders, choosing a broker regulated by a reputable authority significantly reduces the risk of falling prey to scams and ensures access to recourse in the event of disputes. In essence, the presence and vigilance of financial regulators are crucial for maintaining the overall health and transparency of global financial markets.

Demo account

A demo account is a key element for trying binary options brokers. It allows individuals to explore the trading platform, test strategies, and gain confidence without risking real money. Demo accounts provided by brokers are invaluable tools for traders, offering a risk-free environment to hone trading skills, test strategies, and familiarize oneself with the trading platform. These accounts simulate real trading scenarios but use virtual funds, allowing traders to experiment without the fear of losing actual money.


Payouts are a crucial factor to consider when choosing a broker, as they directly influence the profitability of your trades. Brokers offer varying payout percentages, and finding one with high payouts can significantly enhance your earnings on successful trades. The payout percentage represents the return you’ll receive if your trade closes in your favor, with figures typically ranging between 75% to 95% or even higher.

A higher payout means that you get a greater return on investment, making each winning trade more profitable. It’s important to compare the payout rates for the specific assets you intend to trade, as these can vary across different brokers and asset classes.

Additionally, some brokers may offer lower payouts on trades that come with a lower risk level. Therefore, balancing the payout ratio with other factors such as the broker’s reliability, regulatory status, and the availability of educational resources is vital. Ultimately, selecting a broker with competitive payouts can be a significant advantage in your trading strategy, maximizing your potential returns while aligning with your risk tolerance and trading goals.

Low minimum deposit

Choosing a broker with low minimum deposits is an essential criterion for many traders, especially those new to binary options trading or with limited capital to invest. A low minimum deposit requirement makes trading accessible, reducing the financial barrier to entry and allowing traders to explore the market without committing a significant amount of money upfront.

This feature is particularly appealing to beginners who wish to practice live trading with minimal risk, as well as to experienced traders looking to test the services and platform of a new broker before making a larger investment. Brokers offering low minimum deposits often provide a range of educational resources, supporting traders in their learning journey and helping them to build confidence in their trading strategies.

Overall, the availability of low minimum deposits can be a sign of a broker’s commitment to making binary options trading more accessible to a broader audience, ensuring that individuals can participate in the market regardless of their financial situation.


Bonuses are an attractive feature offered by many binary options platforms, acting as a key criterion for traders when choosing a broker. These bonuses can vary widely in type and size, ranging from welcome bonuses and deposit matches to risk-free trades.

While bonuses can increase your trading capital and potentially boost your profitability, it’s essential to approach them with caution. The allure of bonuses should not overshadow the importance of other critical broker features, such as regulatory status, platform quality, and payout rates.

Be aware that bonuses often come with stringent terms and conditions, such as minimum trading volume requirements, which can impact your ability to withdraw funds. Therefore, when evaluating bonuses as part of your broker’s selection criteria, it’s crucial to read and understand the associated terms thoroughly.

This ensures that the bonus aligns with your trading strategy and doesn’t impose unwanted restrictions on your trading activities. In summary, while bonuses can be a beneficial factor in choosing a broker, they should be considered alongside other essential features and evaluated in light of their terms and conditions.

While bonuses can increase your trading capital and offer additional opportunities to profit, they should not be the primary factor in choosing a broker. Always prioritize regulatory status, platform reliability, asset selection, and trading conditions over the allure of bonuses. Understanding the full implications of accepting a bonus will ensure that it aligns with your trading goals and strategies.

Payment methods

Payment methods are a critical aspect of the trading experience with binary options brokers, as they directly impact the ease with which traders can deposit and withdraw funds. A diverse range of payment options caters to a global audience, accommodating various preferences and financial systems.

Common payment methods include bank wire transfers, credit and debit cards, and e-wallets, offering both convenience and speed. Recently, cryptocurrency transactions have also gained popularity, providing more privacy and reducing processing times. The availability of multiple payment options allows traders to select the method that offers the best combination of convenience, speed, and low transaction fees, enhancing their overall trading experience.

Brokers who offer a wide array of payment methods demonstrate their commitment to accessibility and customer satisfaction, catering to traders from different geographical locations and with varying banking preferences. It’s essential for traders to consider the payment methods a broker supports when choosing where to trade, ensuring that depositing and withdrawing funds is as seamless as possible.

How do binary options brokers make money ?

Binary options brokers primarily make money through two distinct business models: as a counter-party in over-the-counter (OTC) trading and through spreads in an exchange setting. In the OTC market, brokers act as the counter-party to their clients’ trades.

On the other hand, binary option brokers operating on an exchange earn money differently. Instead of acting as the counter-party to trades, they facilitate transactions between traders and earn money through spreads and commissions. In this scenario, the broker charges a fee for each trade executed, which can be a fixed amount per trade or a percentage of the volume traded.

This exchange model aligns the broker’s interest with that of their clients, as the broker’s revenue is not affected by traders’ wins or losses but rather by the volume of trades executed on the platform.

Both models underscore the importance of understanding how your broker operates, as it can influence the trading experience and the integrity of the trading environment.

Exchange vs OTC (Over the Counter) Brokers

When navigating the binary options market, traders encounter two main types of brokers: Exchange and over-the-counter (OTC) brokers, each offering distinct trading environments and mechanisms. Understanding the differences between these two can significantly impact a trader’s strategy and risk management.

Both exchanges and OTC brokers have their advantages and disadvantages. Exchange brokers offer a level of transparency and regulatory protection that can be reassuring to traders, especially those concerned about the fairness of their trades.

OTC brokers, however, provide a broader array of trading options and greater flexibility, which can be advantageous for experienced traders or those looking to trade specific markets not available on exchanges. The choice between exchange and OTC brokers should be based on a trader’s specific needs, trading style, and risk tolerance, ensuring the selected broker aligns with their trading goals.

Exchange brokers

Exchange brokers operate within a regulated environment, acting as intermediaries between traders on official financial exchanges. Unlike OTC brokers, exchange brokers do not take the other side of a client’s trade but rather facilitate the matching of buy and sell orders in an open and transparent manner. This setup ensures a level of fairness and transparency that is highly valued in the trading community.

Exchange brokers generate their revenue through commissions and transaction fees applied to the trades they facilitate, rather than profiting from traders’ outcomes. This business model aligns the broker’s interests more closely with those of their clients, as their primary concern is the volume of trades rather than the outcomes of these trades.

OTC Brokers (over the counter)

OTC (Over the Counter) brokers facilitate trades directly between participants operating outside of formal exchanges. This setup allows for a high degree of flexibility in terms of assets, contract specifications, and trading hours, catering to traders looking for tailored trading experiences. In the OTC market, brokers often act as the counterparty to traders’ positions.

Despite potential concerns about conflicts of interest, reputable OTC brokers mitigate this risk through precise risk management strategies, including hedging against market movements and utilizing sophisticated algorithms to ensure fair pricing.

The less formal regulatory environment of the OTC market can offer traders access to a broader range of assets and innovative financial instruments not available on traditional exchanges, like cryptocurrency binary options.

However, it also demands a higher degree of due diligence from traders to ensure they’re working with credible and trustworthy brokers. For those who value customization and a wide selection of trading opportunities, OTC brokers provide a compelling platform to engage with the global financial markets, assuming one is diligent in selecting a reputable provider.


What is a binary options broker?

A binary options broker is a platform that allows traders to participate in the binary options market. These brokers provide a trading platform where traders can bet on the direction in which an asset’s price will move within a specified time frame.

How do I choose a binary options broker?

To choose a binary options broker, consider factors such as the platform’s regulatory status, the range of assets offered, trading fees and commissions, the ease of use of the trading platform, customer support quality, and the availability of educational resources. Opting for a regulated broker ensures more security for your investments.

Are binary options brokers regulated?

Yes, many binary options brokers are regulated by financial authorities. However, there are also unregulated brokers in the market. It’s safer to trade with a regulated broker for added security and protection.

Can I trade binary options on my mobile device?

Yes, many brokers offer mobile trading apps for iOS and Android devices, allowing traders to manage their trades and monitor the markets on mobile device.

What types of assets can I trade with binary options brokers?

Binary options brokers typically offer a wide range of assets, including forex pairs, commodities, stocks, indices, and cryptoccurrencies. The availability of assets can vary from one broker to another.

What is the minimum deposit required to open an account with a broker?

The minimum deposit required to open an account varies by broker. Some brokers may require a minimum deposit as low as $10, while others may require more.

Are there any fees or commissions charged by brokers?

Brokers may charge a variety of fees, including withdrawal fees, inactivity fees, and, in some cases, trading commissions. It’s important to review the broker’s fee structure before opening an account.

Can I practice trading binary options without risking real money?

Yes, many brokers offer demo accounts that allow you to practice trading binary options with virtual money. This is a great way to gain experience and test trading strategies without any financial risk.

How do I deposit and withdraw funds with a broker?

Brokers offer various deposit and withdrawal methods, including credit cards, bank wire transfers, cryptocurrencies, and e-wallets like PayPal, Skrill, and Neteller. Transaction times and fees can vary depending on the method used.

What should I do if I have a dispute with a broker?

If you encounter issues with a broker, try to resolve the dispute directly with the broker’s customer service. If the broker is regulated, you can also file a complaint with the regulatory body overseeing the broker.

Further reading

Brokers by payment methods

When selecting a broker, one of the critical considerations is the range of available payment methods. Each broker may support different options for depositing and withdrawing funds, which can significantly affect the convenience and efficiency of your transactions.

Whether you prefer traditional bank transfers, modern e-wallets, or other forms of electronic payments, our comprehensive list will guide you to a broker that aligns with your financial preferences.

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