Top 10 Best Binary Options Brokers & Trading Platforms

Binary options are more accessible than other options and easier to understand. Trading binary options can be a great way to make money in the short term from the world’s biggest markets like the forex and stocks markets. It is therefore not surprising that more and more people want to trade binary options with serious binary options brokers.

Binary options are financial derivatives available only on certain specialized online platforms. To help you choose a binary options trading platform, we have already identified the best binary options brokers that you should consider.

Each of these binary options brokers has advantages and disadvantages, we will take a look at the characteristics of these online trading platforms to help you compare them and choose the platform that suits you best.

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We have what you need. This article will cover everything you need about the best binary options brokers.

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This is our top choice for the best binary options brokers:

  • Quotex: Best binary options broker overall
  • IQ Cent: Best broker for high bonuses
  • Pocket Option: Best binary options broker for copy trading
  • IQ Option: Best binary options trading platform
  • Olymp Trade: Best MT4 binary options broker
  • Binomo: Best broker for VIP offers with trading cashback, bonuses, and trading tournaments with prizes
  • Deriv.com: Best broker with Multiple Trading Platforms
  • RaceOption: Great availability for foreign clients
  • Spectre AI: Best binary options broker on the blockchain
  • Nadex: Best US Regulated binary options broker
Best binary options brokers

Quotex:


Quotex is one of the top binary options brokers we have reviewed. This broker allows you to trade on over 410 assets. The broker allows you to trade in real money, with a minimum deposit of just 10 dollars. Quotex's graphics tools are highly customizable and responsive. The platform offers a wide range of indicators that can all be customized to suit your needs. Trading signals, market news, and trading platforms are also available via the mobile trading platform.
 
  • Min. Deposit: $10
  • Min. Trade: $1
  • Max Profit: 98%
  • Assets: Forex, Stocks, Commodities, ETFs, Crypto
  • Demo Account: Yes
  • Platform: Web, Android
Visit Broker ➤

IQ Cent:


BinaryCent allows you to trade Forex, CFDs, and binary options starting at $0.01 per trade. BinaryCent offers a great choice for beginners, with 95% payouts and deposit bonuses up to 100 percent, as well as non-stop weekend trading.
 
  • Min. Deposit: $20
  • Min. Trade: $0.01
  • Max Profit: 95%
  • Assets: 100+ Forex, Stocks Commodities, ETFs, and Currency Pairs.
  • Demo Account: Yes
  • Platform: Web
Visit Broker ➤

Pocket Option:


PocketOption is an excellent option if you are looking for a trading platform that offers instant withdrawals, social trading and a generous 50% bonus on your deposit. PocketOption is the only broker that allows clients to come from Europe and the USA.
 
  • Min. Deposit: $10
  • Min. Trade: $1
  • Max Profit: 96%
  • Assets: 100+ Stocks, Forex currency pairs, Crypto, ETFs, Commodities.
  • Demo Account: Yes
  • Platform: Web, Android, iOS, and Windows
Visit Broker ➤

IQ Option


IQ Option is a regulated broker that offers more than 250 instruments for trading, including CFDs on currency pairs and stocks, commodities, cryptocurrencies and ETFs. IQ Option is a great platform for intermediate-to advanced traders who are looking for a reliable binary option trading platform.
 
  • Min. Deposit: $10
  • Min. Trade: $1
  • Max Profit: 95%
  • Assets: Over 250+ Forex Currency Pairs, Stocks, Crypto, Commodities, ETFs
  • Demo Account: Yes
  • Platform: Web, Android, iOS, and Windows
Visit Broker ➤

Olymp Trade:


This binary option broker allows to trade 100+ assets with 30+ indicators. the Olymp Trade trading platform offers the client the possibility to trade binary options, forex, indices and commodities. This broker will allow you to trade, practice and analyze the market using your smartphone.

The broker offers a range of educational resources to clients, including webinars and trading strategies.
 
  • Min. Deposit: $10
  • Min. Trade: $1
  • Max Profit: 95%
  • Assets: Forex, Stocks, Index, Commodities, ETFs, Metals
  • Demo Account: Yes
  • Platform: Web, Android, iOS, and Windows
Visit Broker ➤

Binomo:

Binomo is a popular binary options platform that allows traders to trade 70+ assets, depending on their account type. Professional tools are available for chart analysis. Binomo is a great binary option broker, but it has fewer assets than other platform. Binomo offers a free demo with $1,000 virtual funds to test their platform.
 
  • Min. Deposit: $10
  • Min. Trade: $1
  • Max Profit: 95%
  • Assets: Stocks, Commodities, Crypto, and Forex
  • Demo Account: Yes
  • Platform: Web app, Android, IOS, Huawei App
Visit Broker ➤

Deriv:


Users can trade Binary options, forex, cryptocurrency and synthetic indices through this trading app. Forex trading can be done during market hours. Cryptocurrencies and synthetic indices can be accessed 24/7 via this online trading platform.
 
  • Min. Deposit: $10
  • Min. Trade: $1
  • Max Profit: 95%
  • Assets: Forex, Stocks, Commodities, Crypto, ETFs
  • Demo Account: Yes
  • Platform: Web, Android, iOS, and Windows
Visit Broker ➤

RaceOption:


RaceOption is a leading binary options broker, RaceOption is an excellent trading platform for beginners. We love the following features: 1 hour withdrawals; 20-100% deposit bonus and copy trading.
 
  • Min. Deposit: $250
  • Min. Trade: $1
  • Max Profit: 95%
  • Assets: 100+ Crypto, Commodities, Stocks, and Currency Pairs.
  • Demo Account: Yes
  • Platform: Web
Visit Broker ➤

Expert Option:


ExpertOption is a trusted broker that offers over 100 assets, including stocks, forex, commodities and crypto. ExpertOption offers also mobile trading at its best, offering a user-friendly platform for Windows, MacOS, IOS and Android.
 
  • Min. Deposit: $10
  • Min. Trade: $1
  • Max Profit: 95%
  • Assets: Stocks, Commodities, Crypto, and Forex
  • Demo Account: Yes
  • Platform: Web, Android, iOS, and Windows
Visit Broker ➤

Quotex: Best binary options broker overall

Official website of the binary options broker Quotex

Quotex is probably one of the best binary options brokers with a low minimum deposit. At this broker, clients can trade Binary Options on Forex currencies, Stocks, Metals and Oil as well as Cryptocurrencies and Stock Indices with a minimum deposit of only 10$. This binary options broker offers the highest returns with profits up to 98% for each correct investment

Pros:

  • Free Demo Account without deposit
  • Broker offering the highest Return per trade
  • Low minimum deposit of 10$
  • Clear and intuitive binary options trading platform
  • Traders from all over the world are accepted
  • Multiple currencies for trading account
  • Wide choice of payment methods
  • Free trading signals
  • Welcome bonus of 30% to 70%

Cons:

  • No IOS trading app available
  • No MT4 and MT5 integration
  • Trading bots are not allowed

Risk Warning: Your capital might be at risk

Quotex does not allow you to connect to other trading platforms such as MT4 and MT5 from Metatrader, however, the broker has developed its own custom trading platform and supports 29 technical indicators. These graphic tools are very useful to help you detect trading patterns and carry out your technical analysis of the market. Quotex created a web trading platform that works from any browser, tablet, or smartphone. It does not require installation. The company released its mobile app too, but the app is currently only available for Android devices.

ACCOUNT INFORMATION ABOUT QUOTEX

💻 Trading platform:Proprietary web platform and mobile application
📊 Account types:Demo, Live
💰 Account currency:USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND
💵 Replenishment / Withdrawal:Visa/Mastercard cards, Piastrix, Perfect Money, FK Wallet, cryptocurrencies, Bitcoin Cash, BTC, LTC, ETH, Coinbase, Dai, Binance Coin, Paxos Standard
🚀 Minimum deposit:USD 10
📈️ Min Order:USD 1 
🔧 Instruments:Currency pairs, Stocks, commodities, cryptocurrencies, indices
📱 Mobile trading:Yes
⭐ Trading features:Free Trading signals
🎁 Contests and bonuses:Deposit bonus, promo codes

This broker offers traders the possibility of opening a free demo account without deposit, which is perfect for testing the binary options platform and refining your trading strategies. For traders who wish to open a real money trading account, opening a quotex trading account can do so with a deposit of only 10 USD. The Quotex demo account is provided with a virtual sum of USD 10,000 that you can renew freely at any time.

By default, the trading account is opened using US dollars. However, clients have the option to change the currency of their account at any time and without incurring a conversion fee to USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND. You can deposit and withdraw money on this binary options trading platform with a wide range of payment options including debit/credit card, electronic payment systems, local payments methods and cryptocurrency. 

Quotex offers clients the ability to trade binary options using a clear and intuitive trading platformDemo accounts are available and traders can start trading immediately without undergoing verification. Quotex has expanded its payment options. Traders can deposit and withdraw funds using not only debit/credit cards or Electronic payment systems but also 11 cryptocurrencies and local payment methods.

IQCent: Best binary options broker with High Bonuses

Official website of the binary options platform IQ Cent

IQCent is a binary options broker that also offers traders the ability to trade forex and CFDs. This binary options broker is one of the rare brokers that also allows CFDs and forex to be traded on the same online trading platform, which is quite unique compared to other binary option trading platforms. BinaryCent is a broker that has recently gained popularity due to its low minimum investment requirements. You can trade with a position size of only $0.01 per trade.

IQCent also offers high bonuses and low fees for binary options trading.


Pros:

  • Trade with a minimum trade size of only $0.01
  • Clear and intuitive binary options trading platform
  • Bonuses up to 200%
  • Traders from all over the world are accepted
  • Copy Trading available
  • Overall, low fees
  • Many educational materials available
  • Risk-free trades
  • 24/7 customer support

Cons:

  • No free demo account without a deposit
  • There are no trading signals
  • No MT4 and MT5 integration

Risk Warning: Your capital might be at risk

SPECIAL: Use the MoneyFair code LIMBO20 for a 200% bonus on your initial deposit

This binary options broker offers three types of trading accounts available depending on your initial capital. These types of trading accounts range from Bronze, Silver and Gold. On IQ Cent, all accounts receive 24/7 live video support, 20% bonus offers and Copy-Trading tools. Minimum deposits to start trading with this broker are $20. Silver accounts include access to additional training tools and a 50% bonus. Gold accounts include the same benefits as silver accounts plus three risk-free trades.

ACCOUNT INFO ABOUT IQCENT:

💻 Trading platform:Proprietary web platform and Android App
📊 Account types:Demo, Live
💰 Account currency:USD
💵 Replenishment / Withdrawal:Visa/Mastercard cards, Bitcoin and cryptocurrencies.
🚀 Minimum deposit:USD 20
📈️ Min Order:USD 0.01 
🔧 Instruments:Binary Options, Forex, Stocks, CFDs, Indices, Commodities ,and Crypto
📱 Mobile trading:Yes
⭐ Trading features:CFD Trading, Forex trading, Copy Trading, risk-free trades, 24/7 live video support
🎁 Contests and bonuses:Contest and deposit bonus up to 200%

The IQCent Gold Account allows the trader to receive a personal success manager (think of it as a training guru) and offers a bonus of up to 100% (or 200% if you use our special promo code). IQ Cent also offers a demo account for new traders who register on their platform. However, unlike the other binary options brokers in our comparison, the IQ Cent demo account is only available after making a deposit.

This binary options broker allows profits of up to 95% return per trade. The demo account allows novice traders to learn binary options trading techniques without the risk of losing their money. This will allow them to improve their profitability and skills. You can access this binary options trading platform from most devices with a web browser such as a computer, phone or tablet.

Unlike other platforms, this broker does not provide any trading signals but makes copy trading tools available to trade which can be a good alternative to them. this can be advantageous in addition to your technical analysis of the assets to succeed in your trade. Overall, IQCent sets itself apart from competing brokers by offering unique features, bonuses and exclusive perks you won’t find anywhere else. For these reasons, we believe that BinaryCent is one of the best binary options brokers in our comparison.

You can find more information in our in-depth IQCent Review.

Pocket Option: Best binary options broker offering copy trading features

Official website of the binary options platform Pocket Option

Pocket Option is a well-known binary options trading platform. The broker strives for simplicity, clarity, and convenience in the trading process. Pocket Option offers the possibility to use tier own trading platform or MT5, which are diverse and versatile. Traders can attach to this platform various innovative trading tools, which there is from classic indicators, to copy trading features.

Pros:

  • Broker regulated and licensed by FMRRC
  • Free demo account without deposit
  • Clear and intuitive binary options trading platform
  • Broker offering binary options copy trading
  • Possibility to connect the MT5 trading platforms
  • Low minimum deposit of 10$
  • Traders from all over the world are accepted
  • Wide choice of payment methods
  • Bonus and cashback

Cons:

  • Trading bots are not allowed

Risk Warning: Your capital might be at risk

Pocket Option offers a variety of trading assets, trading options, and trading tools, including high/low binary option and Forex trading. Pocket Option is a binary options broker regulated and licensed by FMRRC. This broker has many interesting features, including thier IOS and Android app, which offers traders quick access to binary options trading, directly on the handheld device. Pocket Option also offers excellent services, such as support for a variety of trading languages and various payment methods, and no fees on deposits and withdrawals.

ACCOUNT INFORMATION ABOUT POCKET OPTION

💻 Trading platform:Proprietary web platform, MT5, IOS, and Android App
📊 Account types:Demo, Novice trader, Beginner, Experienced, Master, Professional, Expert
💰 Account currency:USD
💵 Replenishment / Withdrawal:Bank transfer, WebMoney, Perfect Money, Payeer, Advcash, Jeton, VLoad, Visa, Mastercard, and Maestro cards
🚀 Minimum deposit:USD 5
📈️ Min Order:USD 1 
🔧 Instruments:Currency pairs, commodities, cryptocurrency, OTC (currency, commodities, stocks)
📱 Mobile trading:Yes
⭐ Trading features:Copy Trading, trading signals
🎁 Contests and bonuses:Welcome bonus, bonus for replenishment, cashback, and promo coupons

Because of its FMRRC certificate, Pocket Option is very popular with binary options traders from around the world. On this binary options trading platform, Clients are paid up to 92% for successful investment and have access to many bonus offers. Unique rewards allow traders to raise their profile and buy resources from Pocket Option’s Market store to improve their profitability in trading. Pocket Option has created a unique system to help traders reduce the risk of losing a transaction. To cancel a Forex market losing transaction, you can buy crystals. The broker offers special promo codes through its partners. Pocket Option allows you to withdraw and deposit funds without any fees.

The website of the company has been translated into 22 languages. The website does not contain market analysis, expert articles or training materials. A novice trader will need to look elsewhere for the information they are looking for.

IQ Option: Best binary options trading platform

Official website of the binary options broker IQ Option

IQ Option is one of the best binary options trading platforms in our broker comparison, offering an intuitive and modern trading platform for binary options trading, digital options, forex and CFDs. This binary options broker has been one of the most popular for trading binary options across a wide range of underlying assets. This online brokerage company processes more than one million transactions per day and has customers in over 213 countries, with 43 million registered users.

Pros:

  • The binary options trading platform interface is clear and simple to use
  • Free demo account without deposit of 10 000$
  • Minimum deposits of only 10$
  • Trade binary options, digital options, forex and CFDs
  • Good maximum payouts for binary option trading
  • There are many assets to trade


Cons:

  • Limited market availability
  • There are no trading signals
  • No MT4 and MT5 integration

Risk Warning: Your capital might be at risk

IQOption LLC offers these customers the possibility of trading digital options and binary options. The company also offers the trader a wide range of assets, including CFDs on forex, stocks, commodities, and ETFs. They are an excellent trading platform for those wishing to trade binary options and other assets to expand their trading portfolio.

ACCOUNT INFORMATION ABOUT IQ OPTION:

💻 Trading platform:Proprietary web, Android App, iOS App, and Windows
📊 Account types:Demo, Live
💰 Account currency:USD
💵 Replenishment / Withdrawal:AdvCash, Neteller, Perfect Money, Skrill, Visa / Mastercard, WebMoney WMZ
🚀 Minimum deposit:USD 10
📈️ Min Order:USD 1 
🔧 Instruments:Binary Options, Forex, Stocks, Crypto, Commodities. ETFs, CFDs, Digital Options.
📱 Mobile trading:Yes
⭐ Trading features:CFD Trading, forex trading, Trailing stops, stop-losses and negative balance protection
🎁 Contests and bonuses:No bonus

The platform is available directly via the Internet or via their trading applications for mobile phones or desktop computers.

IQ Option broker allows new users to open a demo account for free and without a deposit. This demo account which includes $10,000 in virtual cash and allows the trader to try out the trading platform, becomes familiar with all the features of the platform, and practice CFDs and binary options trading without the risk of losing money.

The interface of this binary options platform is clear and user-friendly. There are several layout options to customize your trading terminal and financial information panels. IQ Option trading platform offers technical analysis and alert system tools to use, as well as different parameters that you can customize to your liking for a better experience on this platform.

In addition to Binary Options, IQ Option also allows users to trade Digital Options. These options are also very accessible with minimal investments of a single dollar and high returns of up to 900% on your investment on the most speculative digital options contracts.

Like many other binary options brokers, IQ Option does not accept clients from the United States or Canada as well as other countries such as Japan, Israel, Ukraine, and Russia and does not offer binary options to european traders. However, the online trading platform is very popular in many countries such as South Africa, Thailand, Brazil, Latin America, India, and other countries and regions around the world.

General risk warning: The financial products offered by the company can cause you to lose all your money. It’s a bad idea to invest money that you can’t afford to lose.

Olymp Trade: Best MT4 binary options broker

Official website of the binary options trading platform Olymp Trade

Olymp Trade is one of the most trusted binary options brokers, and it is owned by Saledo Global LLC First Floor First St. Vincent Bank Ltd Building. The broker is based in St. Vincent and the Grenadines, and has been a member of the International Financial Commission since 2016. Olymp Trade is a Binary Options broker serving millions of customers around the globe. 

Pros:

  • The trading platform interface is clear and simple to use
  • Possibility to use the MT4 trading platform
  • Deposits and fees are low
  • Trade binary options, forex, and CFDs
  • Good maximum payouts for binary option trading
  • There are many options to choose from
  • Free demo account of 10 000$ without deposit

Cons:

  • Limited market availability
  • There are no trading signals
  • You cannot use a trading bots, or any type of specialized auto-trading software to trade

Risk Warning: Your capital might be at risk

ACCOUNT INFORMATION ABOUT OLYMP TRADE:

💻 Trading platform:Proprietary web, MT4, Android, iOS
📊 Account types:Demo, Live
💰 Account currency:USD
💵 Replenishment / Withdrawal:AdvCash, Neteller, Perfect Money, Skrill, Visa / Mastercard, WebMoney WMZ
🚀 Minimum deposit:USD 10
📈️ Min Order:USD 1 
🔧 Instruments:Binary Options, Forex, Stocks, Crypto, Commodities. ETFs, CFDs
📱 Mobile trading:Yes
⭐ Trading features:Forex trading
🎁 Contests and bonuses:No bonus

This broker offers to traders the possibility of trading binary options, Forex currencies, stocks, indices, commodities, and more than 80 other trading instruments with their own custom trading platform or with the classic trading platform Metatrader 4 provided by MetaQuotes Software. Traders who open an Olymp trade account should be able to deposit funds and withdraw them easily through the broker and trading app. Olymp Trade offers a variety of methods to deposit or withdraw funds to your trading account, including Visa, Mastercard and Fasapay.

Olymp Trade’s Demo Account provides $10,000 in virtual funds for users to use while they learn to trade and try the trading platform. This is a great feature for traders who want to learn more about binary options trading or practice new strategies. The Demo Account allows traders to practice and improve their trading skills without any risk. You can refill your demo Account money at any time up to $10,000. It takes just a few minutes to set up an account, withdrawals and deposits are quick, and you have all the tools necessary for your trading success.

Binomo: Best VIP offers, trading cashbacks, bonuses, and trading tournaments with prizes

Official website of the binary options platform Binomo

Binomo is a binary options broker regulated by The Financial Commission, an independent dispute resolution organization that specializes on financial markets. Binomo is one of the best Binary options brokers, and as won the Forex Expo Awards 2015 and Broker Of The Year” award from IAIR Awards 2016. The broker is a member in good standing of the International Financial Commission’s “A” category since 2018. This designation is a guarantee of the broker’s quality, reliability, and safety.

Pros:

  • Binary options broker regulated by The Financial Commission
  • Free demo account of 1000$ without deposit
  • Low minimum deposit of 10$
  • Training section and educational videos
  • Trading tournaments
  • Trading cashback
  • Bonus up to 200% for VIP
  • Risk-free trades

Cons:

  • The trading app is limited to CFD trading
  • You cannot use bots, artificial intelligence, or any type of specialized software to trade

Risk Warning: Your capital might be at risk

The broker also offers individual online training via webinars. There are three types of real accounts offered by the broker. The minimum deposit is $10 depending on which real account you choose.

ACCOUNT INFORMATION ABOUT BINOMO

💻 Trading platform:Proprietary web, MT4, Android, iOS
📊 Account types:Demo, Standard, Gold, VIP
💰 Account currency:USD
💵 Replenishment / Withdrawal:AdvCash, Neteller, Perfect Money, Skrill, Visa / Mastercard, WebMoney WMZ
🚀 Minimum deposit:USD 10
📈️ Min Order:USD 1 
🔧 Instruments:Binary Options, Forex, Stocks, Crypto, Commodities. ETFs, CFDs
📱 Mobile trading:Yes
⭐ Trading features:Forex trading
🎁 Contests and bonuses:Trading tournaments, trading cashback, Bonus up to 200%

The company’s proprietary trading platform is used by clients as a terminal. Binomo’s binary options platform can also be downloaded as a mobile app for iOS and Android. You can trade at any time, even on weekends. Binomo provides a demo account for free and without deposit. It is meant to be used for exploring the platform and its terms. Three real accounts are also available from the broker: VIP, Gold, and Standard. Demo accounts allow you to practice binary options trading without any risk and you can improve your trading skills by studying the vast knowledge base provided by the broker. Binomo offers full-stop trading and is one of the best options to trade with real money.

VIP is the highest account level you can obtain at Binomo. This account offers all the benefits that VIP status should provide. You have quick access to your funds and can trade with more assets. There are also higher returns and more bonuses. You will need to deposit $1000 in order to open a Binomo VIP account. You have access to more assets, and you can withdraw funds within four hours. A VIP manager is available to assist you with managing your investments. You may also receive bonuses of up to 200% and support from your VIP manager.

Binomo is a binary options broker for people who value reliability and quality. An advantage is the impressive array of trading instruments. Binomo is an ideal broker for novice and professional traders, whether they prefer to trade from a computer or a mobile device.

Deriv: Best binary options broker with Multiple Trading Platforms

Official website of the binary options broker Deriv.com

Deriv.com started its activity in 1999 under the name BetOnMarket and is now a respected and leading brokerage company in the binary options market. They are distributed worldwide and have over a million users. Deriv.com is one of the best binary options brokers with low minimum deposit that offers its users the opportunity to trade on several different trading platforms such as the famous MT5 platform. This online brokerage company offers the trader the possibility of trading binary options as well as CFDs.

Pros:

  • Broker regulated by the MFSA, VFSC, BVIFSC
  • It is suitable for both advanced and beginning traders
  • There are many trading platforms to choose from
  • Worked with customers from most countries
  • You have rare binary options type that other brokers may not offer
  • Multiple payment options
  • Create your own binary options robot with Dbot and BinaryBot

Cons:

  • Some offerings might not be legal in all places

Risk Warning: Your capital might be at risk

The broker Deriv.com allows traders to trade binary options on a wide range of trading platforms, from MT5 to BinaryBot to SmartTrader, which is different from most brokers who usually offer only their own proprietary trading platform. Deriv.com allows both beginners and professional traders to choose the trading platform that best suits their needs.

ACCOUNT INFORMATION ABOUT DERIV.COM

💻 Trading platform:Deriv, SmartTrader, Tick Trade Android App, MT5, Binary WebTrader, BinaryBot
📊 Account types:Demo, Live
💰 Account currency:USD
💵 Replenishment / Withdrawal:Visa/Mastercard cards, e-wallet, FastPay, Neteller
🚀 Minimum deposit:USD 5
📈️ Min Order:USD 1 
🔧 Instruments:Commodities, Forex and CFDs, Crypto, Binary Options. Stocks, Indices and Synthetic Indices
📱 Mobile trading:Yes
⭐ Trading features:Free trading bot BinaryBot
🎁 Contests and bonuses:No

This broker offers a wide range of binary option types including High/Low option, Touch Option, Lader Option and Knock Out. some of these types of options make it possible to obtain attractive rates of return of up to 1000%. This broker also allows these clients to trade on many assets such as indices, commodities and forex currencies. Unlike other brokers, you also have a rare chance of selling your contract before it expires. This can be very useful for securing profits or minimizing losses when trading binary options.

A Guide to Binary Options Brokers – How To Choose One

RaceOption: Great Availability for Foreign Clients

Official website of the binary options trading platform RaceOption

RaceOption is one of the best binary options brokers accepting clients from all over the world. This broker operates from the Marshal Islands, which is a popular destination for offshore binary options brokers.

RaceOption was processing over 10,000 trades per day when it was founded in 2014 and is now one of the most popular brokers for binary options trading. RaceOption is one of the few binary options brokers that accept clients from Australia, Canada and the United States. This broker does not impose any restrictions on your country of birth.

Pros:

  • Clear and intuitive binary options trading platform
  • Copy Trading available
  • Traders from all over the world are accepted
  • Overall, low fees
  • Many educational materials available
  • Risk-free trades
  • Deposit bonuses up to 200 percent
  • 24/7 customer support


Cons:

  • No free demo account without a deposit
  • $250 minimum deposit

Risk Warning: Your capital might be at risk

On top of that, RaceOption is one of the only binary options brokers offering deposit bonuses up to 200%, the ability to trade on weekends and allows you to withdraw your money quickly within an hour of your withdrawal request.

ACCOUNT INFORMATION ABOUT RACEOPTION

💻 Trading platform:Proprietary web platform and mobile web app
📊 Account types:Demo, Live
💰 Account currency:USD
💵 Replenishment / Withdrawal:Visa, MasterCard, Bitcoin, Altcoins, Ethereum and Perfect Money
🚀 Minimum deposit:USD 250
📈️ Min Order:USD 1
🔧 Instruments:Binary Options, Forex, Stocks, CFDs, Indices, Commodities and Crypto
📱 Mobile trading:Yes
⭐ Trading features:Copy Trading, risk-free trades, 24/7 live video support
🎁 Contests and bonuses:Trading tournaments and deposit bonus up to 200%

RaceOption’s trading platform is available on any device with an internet browser and on mobile. In addition to Binary Options, RaceOption also offers the ability to trade CFDs and offers excellent trading tools and instant trade execution.

The major disadvantage of this binary options broker is that it does not offer a no-deposit demo account, and the minimum deposit is $250 which is higher than most brokers featured in our comparison. However, this broker also offers a lot of features and will suit traders wishing to obtain better deposit bonuses and other advantages that most other trading platforms do not offer.

Spectre AI: Best binary options broker on the blockchain

Official website of the binary options broker Spectre AI

Spectre.ai is a new binary options broker with innovative features. Based on blockchain, this broker offers a new way to trade binary options on a wide variety of underlying assets directly from your digital wallet and without a deposit. Access to this binary options platform is made easy by the internet and requires no login. This platform offers all the essential features, including charts that provide extensive varying information. You can also view price movements for any asset with a trading chart timeframe from one second to 24 hours.

Pros:

  • Trade straight from your own supported digital wallet
  • Trade Crypto, Commodities, Equities, FX, Bonds, Revers Futures, EPICs and Digital CFDs
  • Trade directly against Spectre’s pool of liquidity or against other traders
  • Trading with no fees
  • Fully Shariah compliant

Cons:

  • No IOS app available

Risk Warning: Your capital might be at risk

Spectre AI offers access to over 30 technical indicators that can be used on the platform to assist you in making accurate trading decisions. This broker has also integrated the MT4 trading platform since 2020. Traders can build trading bots using the APIs in Spectre.ai. Developers have the ability to access any type of historical data on the trading platform which can be useful to configure or build their own automated trading bot.

ACCOUNT INFORMATION ABOUT SPECTRE AI

💻 Trading platform:Proprietary web platform, Android App and MetaTrader 4
📊 Account types:Demo, Live
💰 Account currency:USD
💵 Replenishment / Withdrawal:Visa, MasterCard, Wire transfer, UpHolde, Help2Pay, ADVCash, Perfect Money, BOLETO, PIX, CUBOPAY, OnlineNaira, STICPAY, PicPay, USDT, Ethereum and more
🚀 Minimum deposit:USD 0
📈️ Min Order:USD 1
🔧 Instruments:Binary Options, Crypto, Forex, EPICs, Commodities, Equities, Revers Futures
📱 Mobile trading:Yes
⭐ Trading features:Trade from your own supported digital wallet, U-TOKEN Privileges, Shariah Compilant
🎁 Contests and bonuses:Trading tournaments and deposit bonus up to 200%

Developers also have the chance to test algorithms in different markets on a free demo account. The demo account at Spectre.ai allows you to test the effectiveness of the automated trading feature. This will give you an overview of the way the automation works when trading on the platform without the risk of loss.

The site offers over 80 tradable options. The allows you to speculate on the price movements of any asset and then trade your chosen options. Spectre.ai also has an Epochal Price Index Composite Contract (EPIC) The assets are divided between digital binary options and EPIC contracts. These digital options contracts can pay as high as 400%.

This binary options broker is also Halal and fully compliant with the Shariah laws, which is very important for Muslim traders who wish to trade without going against their faith and their religious beliefs.

Nadex: Best binary options broker in the USA

Official website of the binary options platform Nadex

If you a looking for a US-regulated binary options broker, Nadex is one of the best binary options brokers in USA.
It is the only licensed broker that allows you to trade binary options in the USA legally. You can trade on any type of option or contract through this exchange platform, and it is fully licensed and regulated by the Commodities Futures Trading Commission (CFTC).

Nadex claims to be the “premier U.S. binary options exchange”, the company offers a safe and regulated environment for traders of binary options, knockouts, and call spreads. Options contracts allow you to access many different markets. You can buy and sell stocks, commodities, currencies, and macroeconomic events using binary option.

Pros:

  • There are many market options
  • Only licensed binary options platform is available in the US
  • Software is easy to use
  • Demo account with virtual funds of $10k
  • Low fees generally
  • No minimum initial deposit amount

Cons:

  • Research reports and tools are limited

Risk Warning: Your capital might be at risk


Binary options on Nadex have a one-dollar trading fee. This binary options trading platform is easy to use and accessible because of its easy to understand fees. The Nadex fee structure and the commission structure are very simple. If you are opening or closing a contract, you will pay $1. Contracts that are out of money will not be charged any fees. Moreover, withdrawals and deposits made through the automated clearinghouse (ACH) are free.

ACCOUNT INFORMATION ABOUT NADEX:

💻 Trading platform:Proprietary web, Android, iPhone iOS and Mac and Windows
📊 Account types:Demo, Live
💰 Account currency:USD
💵 Replenishment / Withdrawal:ACH (Bank Transfer), Debit Card, Paper Check, Bank Transfer, Wire Transfer (Telegraphic transfer)
🚀 Minimum deposit:USD 250
📈️ Min Order:USD 1 
🔧 Instruments:Stocks, Forex, Commodities and Binary Options
📱 Mobile trading:Yes
⭐ Trading features:
🎁 Contests and bonuses:No bonus

You can place orders directly to the exchange through this platform using their software. It is easy to use and understand. You can filter more than 5000 contracts daily by different aspects such as price, expiry date, asset class, and asset type.

Nadex, a highly-regulated trading platform that allows sophisticated derivatives to be purchased and sold. Brightly lit markets are ideal for trading binary options and call spreads and Knock-Outs, and Nadex has incentives that are aligned to its clients in order to try to provide the best trading environment. Although commissions can be expensive, they are easy to understand and Nadex offers a lot of educational content.

Nadex offers also a demo account that has $10,000 in virtual money. This is a great place to learn binary options trading. Because there is no minimum deposit requirement, actual accounts do not require $0. Another advantage of Nadex is its ability to access a large number of commodities and assets with which you can buy or sell binary options.

See our in-depth Nadex review for more information about this regulated binary Options broker.

How do you choose a binary options trading platform to trade?

Here are some things to remember before you sign up and fund a real-money binary options trading account. The broker that suits your trading preferences will depend on your personal requirements. These factors will affect your trading experience.

  • Minimum deposit – Binary options traders who are just starting out should choose a broker that requires a small minimum deposit. When you start trading, it is important not to lose too much. Brokers allow traders to trade with as little as $10. Keep in mind that some trading platforms have a minimum trade amount. This can range from $0.10 to $50.
  • Popular products – These include stocks, commodities, forex, indices, and ETFs. The available assets that brokers can trade are listed on their websites. You should ensure that you verify the availability of any assets you are interested in. There are more trading opportunities if there are more assets. An average provider of binary options has between 30-80 markets.
  • Payouts The industry standard for binary options trading payouts is between %50 and %100. Make sure to know the amount of your payout before you trade. Some payouts can reach as high as 200 %, although this is not common.
  • Binary Options Bonuses – Sometimes brokers offer a deposit bonus. Some brokers match your initial deposit from 20% to 100%, while others offer risk-free trades. These deposit match promotions are subject to terms and conditions offered by the broker.
  • Regulation – A licensed broker should be a top priority. If you are a trader from the USA, make sure you are selecting a legitimate binary options company that is licensed by CFTC. This will ensure that your money is safe. Brokers must comply with specific regulations set by regulators. This provides traders with some protection in the event of a dispute. 

Is your product or favorite broker is not on the list?

If your are a binary options provider or trader who didn’t see your broker in our 2022 list, please let us know. It may be added to the list. We can easily get in touch with you about your product by clicking here.