Best Binary Options Brokers

Owned by Gembell Limited, Pocket Option entered the binary options trading market in 2017. Based in the Marshall Islands and regulated by the International Financial Market Relations Regulation Center (IFMRRC), this provider welcomes traders from more than 95 countries - including the United States - and has already served more than 10 million users.

Given its innovative trading platform with convenient payment methods, low minimum deposit requirements, high payout rates, and an excellent variety of technical analysis tools, we recommend Pocket Option as the most well-rounded broker on the market today.

There are more than 100 assets to trade, including Forex, cryptocurrencies, stocks, indices, and commodities. If you have the good habit of testing a platform before making a deposit, you’ll be glad to hear that this provider lets you create a demo account with $10,000 in practice funds to try out all the features available without running the risk of losing anything.

If you are new to the world of binary options trading, you’ll appreciate that the minimum trade amount at Pocket Option is only $1, which will give you a chance to start small and minimize your risks. As per returns, the site claims to offer payouts as high as 218%.

The trading platform is compatible with iOS, Android, Windows, and all the most popular web browsers so that you can make trades wherever and whenever you’d like.

Another great thing about Pocket Option is how easy it makes depositing and withdrawing funds. Payment methods include credit cards, debit cards, e-payments, and cryptos. The minimum deposit amount is $5, while the minimum amount you’ll be able to cash out is $10, meaning that you won’t need to build up massive profits before making a withdrawal.

Pocket Option offers a unique social trading feature. Particularly useful for those with little trading experience, this functionality lets you keep an eye on other investors’ trading habits, monitor their progress, and even set up automatic trade orders that will copy the strategies of the most successful traders.

New investors will also appreciate the site’s comprehensive education section, brimming with detailed tutorials and guides.

Quotex is a digital options broker platform owned and operated by Maxbit LLC based in St. Vincent and Grenadines. Even though it hasn't been present for that long in the market, it established itself as a reliable platform among traders.

Quotex is, for a good reason, among the leading brokers on the market, allowing investors to trade assets like forex, commodities, stocks, and indices.

Before registering, you can check out the platform’s demo account and trade with $10,000 in virtual currency. We find that’s fair since you don’t have to go through an extensive KYC procedure only to find the platform is too complicated to use or doesn’t include all the options it discloses.

The platform is not available in Hong Kong, EEA countries, and Indonesia, but traders from the US are able to use it. Furthermore, the company used to be regulated by the International Finance Market Relations Regulation Center (IFMRRC), but its license has expired.

For deposits and withdrawals, Quotex supports Visa, Mastercard, cryptocurrencies, and Perfect Money. You can choose between 19 popular cryptocurrencies, which include BTC, ETH, USDT (on four different blockchains), Litecoin, and Zcash. The minimal withdrawal and deposit amounts are $10, except for Ether and Bitcoin at $50.

The platform charges no fees for deposits and withdrawals. The latter can take anywhere from one to five workdays, but the platform always tries to process the requests on the same day.

The underlying assets offered by Quotex are not terrible but not great either. Most traders will find the selection satisfactory, however. There are multiple currency pairs to choose from, and you can trade on stocks from companies such as Microsoft, Johnson & Johnson, Pfizer, and many other well-established names.

Indices Like NASDAQ 100, Dow Jones, and S&P 500 are also included, along with commodities such as gold, silver, and oil. Quotex also has a category for cryptocurrencies.

With Quotex, you can trade on the go. The platform has a mobile app for iOS and Android devices. It includes the same features you’d find on the web platform, neatly packed in a smartphone and tablet-friendly interface.

The platform offers up to 91% profit payouts for trades, which is one of the better percentages in the industry, but OTM  trades are still going to be a net loss.

Quotex is a great binary choice for beginners, and that’s why we recommend it to new traders. Advanced analytics, documentation, trading signals, analytics, and a demo account to get started are more than enough to prepare you for handling your investments responsibly.

Capitalcore is a Saint Vincent and Grenadines-based broker regulated by the IFSA.

It has widely been recognized for its high-leverage forex and CFD trading, and a personalized agent support available to Gold and VIP account holders.

With a $10 minimum deposit and $1 trade size, it’s a clear beginner-friendly choice, even though more experienced and advanced traders can take full advantage of its advanced offerings. 

Payouts with Capitalcore can reach up to 95%, aligning with the market’s highest-payout brokers.

Deposits and withdrawals can be made via credit cards, PayPal, Perfect Money, and cryptocurrencies like Bitcoin and Ethereum, providing plenty of flexibility. 

Still, it's important to keep in mind that some of these methods like PayPal can come with withdrawal fees of up to 5%, while withdrawal processing times can go up to 48 hours for credit cards and debit cards.

Traders can also test out the broker’s features on a free, unlimited demo account, which is a fantastic stand-out feature offered here. 

The proprietary web-based platform is also straightforward and packs essential charting tools for both newcomers and experienced traders, and features a great selection of forex currency pairs to trade on, along with indices, precious metals and cryptocurrencies, among other instruments. They also offer a mobile app for a smooth experiance on the phone.

Overall, if you’re seeking a broker with a low entry barrier, fantastic leverage, and high returns on your successful trades, Capitalcore has plenty to offer.

Next up, we have IQ Option, a reputable online platform for trading binary options and CFDs on ETFs, commodities, stocks, forex, and cryptocurrencies. The company behind the platform, Sky Ladder LCC, is headquartered in Antigua and Barbuda and it’s well known in the trading circles.

The downside here is that IQ Option is not regulated by the CFTC, meaning it doesn’t operate in the US. But it accepts traders from across the globe, so their overall coverage is still impressive.

Trading options here are pretty varied, including Forex, cryptocurrencies, ETFs, commodities, indices, and CFDs on stocks. In total, there are over 300 financial instruments at your disposal. 

The $10 minimum deposit is considerably lower than with some other brokers. The payout on binary options goes up to 100% in case of a correct prediction. While we saw platforms with higher percentages, this is still higher than the industry average. When it comes to digital options, the payouts can reach up to 900%.

The minimum investment is $1, while the maximum is $20,000. Expiry times go between 60 seconds up until the end of the month.

Bear in mind that shorter expiry means more risk for the trader.

In addition, withdrawals take one to three business days, which is pretty much the best you can hope for with any binary options broker.

When you sign up on IQ Option, you’ll get access to a demo account with $10,000 to test out the platform and practice trades. There are no tiers when it comes to trader accounts, and the amount you deposit won’t affect the features and bonuses at your disposal in any way.

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Binomo was established in 2014, and has been a category “A” member of the Financial Commission since 2018.

The company has a wide range of account choices, suitable for traders of all types, starting with a demo account with $1,000 in virtual funds which you can use to test out its proprietary trading platform and features.

There are also four different real money account types, starting with the Standard account which requires a minimum deposit of $10 or equivalent in the currency of your choice, and ending with a Prestige trading account which has a minimum deposit requirement of $3,000.

All real money accounts also come with various deposit bonuses and as you progress to a higher level allow you greater access to different trading assets, and special features like cashback and insurance, along with faster withdrawal times, higher profit percentages and risk-free trades provided by your personal manager, which are available to VIP and Prestige-level traders.

You can deposit and withdraw funds via a variety of payment methods such as bank cards, cryptocurrencies and e-wallets, all with no fees charged by Binomo for either deposits or withdrawals.

The minimum you can withdraw from Binomo is $10, and the maximum withdrawals limits are $3,000 for daily, $10,000 for weekly, and $40,000 for monthly withdrawals.

The customer service is available 24/7, and the platform comes with a variety of helpful video tutorials, webinars and trading strategies that can help you reach greater success and understanding of the markets you are trading in.

Binomo also allows trading during the weekends, and offers a unique non-stop trading feature, which allows traders to open multiple positions at the same time.

All in all, Binomo is a highly accessible platform which distinguishes itself from the competitors through its ease of use, diverse account options and unique promotions and features.

Founded in 2014, Raceoption is a relatively new player on the market. This London-based trading platform is ​​part of the Finance Group Corp or FGC and Suomen Kerren, LP, and the company is registered in Vanuatu.

Unfortunately, Raceoption isn’t approved by the Commodity Futures Trading Commission or other bodies in the US. However, the fact that the platform is part of the aforementioned companies is reassuring, and problems reported by users are few and far between.

When it comes to assets, you can trade with stocks, currencies, commodities, and indices on Raceoption. You can also trade cryptocurrency pairs in both the Forex and CFD portions.

Raceoption doesn’t have a registration charge. On the contrary, you’ll get a deposit bonus when you set up your account. The size of the bonus depends on the account type you choose, with three different types available.

• Bronze account - 24/7 live video chat support, 20% bonus, one-hour withdrawals, demo account, and copy trading tool
• Silver account - everything in Bronze + 50% bonus, first three risk-free trades, and a free Master class web session
• Gold account - everything in Silver +  100% bonus and access to a personal success manager

The account type depends on the size of your initial deposit. From $250 (which is the minimum deposit) to $1,000 is Bronze. $1,000 to $3,000 is Silver, and everything above is Gold. Another great thing is that there are no extra fees on the platform, including for withdrawals.

You can also get access to a demo account, enabling you to try out trades and the platform risk-free. Furthermore, you can trade on weekends, and the copy trade feature lets you reproduce other people’s trades and earn money, even without any prior knowledge.

The payouts on Raceoption go up to 95%, with the minimum trade amount being $1 and the maximum sitting at $1,500.

CloseOption is a Georgian-based broker. The company was founded in 2013. It is regulated by the National Bank of Georgia under the license number B 2-08/3647, dated October 18, 2017. 

Unlike other brokers on this list, CloseOption isn’t backed by any major US regulatory body and is not available to US customers, which is why it may be viewed as a riskier investment, with users advised to proceed with caution.

Binary contracts offered by CloseOptions are based on a range of underlying assets, including stocks, commodities, indices, and currencies. When it comes to account types, CloseOption offers three options: demo, real, and contest accounts.

The demo account is for those who want to try out the platform and get familiar with the trading process. The funds in the demo account are virtual and can’t be withdrawn.

The contest account is for traders who want to compete against other traders and win prizes. The contests are usually held once a week, and the entry fee is $10.

The real account is for those who are into trading with real money. The minimum deposit for a real account is $5, and the minimum trade size is $1. The maximum value is $1,000 per trade, and users can only have one account on the platform. Having multiple accounts is not allowed.

CloseOption offers up to a 95% payout in binary options trading. There are more than 30 cryptocurrency pairs on the platform, so every trader can find something for themselves.

Funding a CloseOption account is possible through PayPal, Mastercard, WebMoney, Perfect Money, and bank transfers, with fiat and cryptocurrencies, including BTC, XRP, DASH, ETH, and LTC. Bitcoin and other cryptocurrency payments might take up to 30 minutes to process, while other methods are deposited instantly.

The maximum amount that can be deposited at once is $5,000. And while there are no fees for Bitcoin, Perfect Money, and WebMoney deposits, bank card deposits come with a fee of 1% to 8.4%.

When it comes to withdrawals, it usually takes up to three business days for the funds to appear in your account. The minimum withdrawal amount is $1, while the maximum is $10,000. There is no limit on the total amount per day, so you can withdraw as much as you want in multiple transactions. 

There are no fees for withdrawing from cryptocurrency, WebMoney, or Perfect Money. However, if you wish to withdraw using a wire transfer, the fee might range from $50 to $100.

All things considered, CloseOption is easily a broker you should consider, thanks to its great selection of underlying assets and account types. The only drawbacks are the lack of regulations and high fees for some deposits and withdrawals.

Launched in 2004, Nadex, short for Northern American Derivatives Exchange, is a US-based exchange for binary options, call spreads, and knock-outs. Based in Chicago, Illinois, this provider is approved by the Commodity Futures Trading Commission (CFTC).

Due to the safety and security rules imposed by the CFTC, Nadex keeps the funds its users deposit in separate bank accounts.

Aside from the US, Nadex accepts account applications from the following countries: Austria, Belgium, British Virgin Islands, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hungary, India, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Liechtenstein, Lithuania, Luxembourg, Malaysia, Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, and the United Kingdom.

According to the provider’s website, more than 10,000 hourly, daily, and weekly contracts are traded on its browser and mobile platforms each week. As one of the best regulated binary options brokers in the USA, Nadex offers its users access to the following markets:

• Forex: Users can trade fixed-risk contracts on various currency pairs such as EUR/GBP, EUR/USD, or USD/JPY.
• Commodities: Traders can opt for low-cost fixed-risk contracts for a variety of commodity markets, including natural gas, crude oil, soybeans, corn, gold, silver, copper, and more.
• Indices: Users can predict the price changes of global indices such as the S&P 500. This contract option includes predefined risk levels. Additionally, Nadex charges much lower fees than most futures and stockbrokers.
• Events: With Nadex, you can speculate on the strength of the US economy by trading binary options based on economic events.

Nadex lets you place your orders directly using the provider’s proprietary software. The platform is fairly easy to use and offers multiple filtering options (by price, asset class, expiry time, and more).

You’ll face a $1 cost on both the entry and the exit of your trade. Additionally, Nadex charges a $1 settlement fee per contract for trades that settle “in the money.” Alternatively, if your trade expires “outside the money,” you won’t face settlement costs.

This broker gives all of its prospective users a chance to test out the platform before making a deposit. A Nadex demo trading account comes with $10,000 in virtual money, making it an excellent arena for inexperienced traders to hone their skills. Should you decide to open a real-money account, you won’t have to make an initial deposit.

Another reason why we would recommend trading via Nadex is that the company provides excellent customer support, offers a comprehensive knowledge base, and even organizes webinars and daily market analysis events.