Best Binary Options Brokers and Platforms in the World for 2024

Last updated Jul 9, 2024
Information about binary options on the IamForexTrader.com websiteis not intended for residents of the European Economic Area (EEA), as well as Australia, Canada, Indonesia, Israel, Malta, New Zealand, the United Kingdom, and the United States. Products and services related to binary options are not offered or promoted to retail traders in these countries and regions in accordance with the restrictions of local regulatory authorities.

We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the Top Binary Options Brokers based on our analysis:

  1. 1
    Pocket Option Logo
    Pocket Option - Best Binary Options Broker - Variety of accounts and services. Wide selection of deposit and withdrawal methods. Variety of asset classes for trading.
  2. 2
    Binarium Logo
    Binarium - Wide selection of trading assets. Convenient and functional trading platform. Availability of trading signals from the broker's top traders.
  3. 3
    Olymp Trade Logo
    Olymp Trade - Flexible accounts with a low entry threshold. A wide range of deposit and withdrawal methods without fees. A versatile and multifunctional trading platform available on various devices.
  4. 4
    IQ Option Logo
    IQ Option - Simplicity and convenience of the platform. Wide range of trading assets. Low entry threshold.
  5. 5
    Binomo Logo
    Binomo - Diverse account options and services. Low trading commissions. Convenient deposit and withdrawal methods.
  6. 6
    Expert Option Logo
    Expert Option - Diverse account types and trading contests. Flexible deposit and withdrawal options. Multifunctional trading platform.
  7. 7
    Quotex Logo
    Quotex - No trading fees. Good selection of deposit and withdrawal methods. A convenient and functional web platform with various tools for technical analysis.
  8. 8
    Intrade.Bar Logo
    Intrade.Bar - Transparent quotes from FXCM. Compensation depends only on the transaction amount and expiry, with no floating spreads. Multiple deposit and withdrawal methods.
  9. 9
    Alpari Logo
    Alpari - A wide range of trading accounts. Flexible conditions for depositing and withdrawing funds. Diversity of trading platforms.
  10. 10
    Deriv Logo
    Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure.

Binary options brokers offer traders an accessible way to make money. However, with so many brokers, choosing the best trading platform for your needs can seem like an overwhelming task.

We have reviewed the best binary options brokers to help you find the right trading platform.

Top 10 Binary Options Brokers 2024

1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2017
Minimum Deposit
$5
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2011
Minimum Deposit
$5
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2014
Minimum Deposit
$10
4
Register72% of retail investors lose money when trading CFDs with this broker
Foundation Year2012
Minimum Deposit
$10
5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2014
Minimum Deposit
$10
6
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2014
Minimum Deposit
$10
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2018
Minimum Deposit
$10
8
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2015
Minimum Deposit
$10
9
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year1998
Minimum Deposit
$20
10
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2020
Minimum Deposit
$1

Our ranking includes the best binary options brokers that stand out for high-quality service, reliability, and positive reviews from traders worldwide. This list will be useful for both experienced traders and beginners who are just starting to explore the world of binary options.

If you have doubts about whether the best broker is available in your country, simply find your region in the list below and follow the link for detailed information. We have considered local legislation and requirements in our rankings to offer you the best brokers for your country.

1. Pocket Option

Pocket Option Logo
1
RegisterTrading binary options carries high risks. You may lose all invested funds
Profitabilityup to 92%
Minimum Deposit$5
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksCommoditiesCryptocurrency
Trading Platforms
MetaTrader 4
MetaTrader 5
Quadcode
Deposit/withdrawal:
Логотип Perfect Money
Логотип AdvCash
Логотип YooMoney
Логотип WebMoney
Логотип Qiwi
Логотип Skrill
Логотип Payeer
Логотип Jeton
Логотип PayRedeem
Логотип Neteller
Логотип Binance Pay
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип Мир
compare Pocket Option options types

Pocket Option is suitable for traders of all levels: beginners are offered educational materials and analytics, while experienced users will be interested in a wide selection of assets and platforms.

Pros and Cons of Pocket Option

Pros

  1. Variety of accounts and services.
  2. Wide selection of deposit and withdrawal methods.
  3. Variety of asset classes for trading.
  4. The availability of various trading platforms.
  5. Quality analytical materials and educational resources.

Cons

  1. Weak regulation.
  2. High spreads for CFD trading.
  3. Long withdrawal term.
  4. Average number of CFDs.
  5. No iOS and desktop applications.

2. Binarium

Binarium Logo
2
RegisterTrading binary options carries high risks. You may lose all invested funds
Profitabilityup to 90%
Minimum Deposit$5
Countries of registration:
Regulators:
Trading Assets
ForexCommoditiesIndicesStocksCryptocurrency
Trading Platforms
Binarium
Deposit/withdrawal:
Логотип WebMoney
Логотип FKWallet
Логотип Piastrix
Логотип Visa
Логотип Mastercard
compare Binarium options types

Binarium is suitable for novice traders who want to get acquainted with binary options trading, as well as for experienced investors who value simplicity and ease of use of the platform.

Pros and Cons of Binarium

Pros

  1. Wide selection of trading assets.
  2. Convenient and functional trading platform.
  3. Availability of trading signals from the broker's top traders.
  4. Various tournaments for active traders.
  5. Provided bonuses do not restrict the withdrawal of funds.
  6. Wide choice of base currencies for account opening, including cryptocurrencies.

Cons

  1. Absence of a license from a reputable financial regulator.
  2. The analytical section is poorly developed.
  3. The educational section lacks webinars and seminars.
  4. Long processing time of withdrawal requests.

3. Olymp Trade

Olymp Trade Logo
3
RegisterTrading binary options carries high risks. You may lose all invested funds
Profitabilityup to 93%
Minimum Deposit$10
Countries of registration:
Regulators:
Trading Assets
ForexPrecious MetalsEnergy CarriersIndicesStocksETFCryptocurrency
Trading Platforms
Olymp Trade
Deposit/withdrawal:
Логотип Binance Pay
Логотип Neteller
Логотип Skrill
Логотип Perfect Money
Логотип AdvCash
Логотип Credit and Debit Cards
Логотип UnionPay
compare Olymp Trade options types

Olymp Trade is ideal for beginners and experienced traders who value simplicity, education, and flexibility in trading across different markets.

Pros and Cons of Olymp Trade

Pros

  1. Flexible accounts with a low entry threshold.
  2. A wide range of deposit and withdrawal methods without fees.
  3. A versatile and multifunctional trading platform available on various devices.
  4. Extensive educational materials.
  5. 24/7 customer support.

Cons

  1. Lack of licenses from leading regulators.
  2. High commissions and spreads in Forex mode.
  3. A limited number of stocks and the absence of soft commodities and bonds.
  4. Broker analytics is limited to trading signals and materials in Telegram without in-depth analysis or additional tools.

4. IQ Option

IQ Option Logo
4
Register72% of retail investors lose money when trading binary options with this broker
Profitabilityup to 95%
Minimum Deposit$10
Countries of registration:
Regulators:
Trading Assets
ForexStocksIndicesCommoditiesSoft CommoditiesEnergy Carriers
Trading Platforms
Quadcode
Deposit/withdrawal:
Логотип Neteller
Логотип Skrill
Логотип AdvCash
Логотип Perfect Money
Логотип Visa
Логотип Mastercard
compare IQ Option options types

IQ Option is suitable for beginners, thanks to its simple interface and demo account, as well as for experienced traders looking for a variety of trading instruments.

Pros and Cons of IQ Option

Pros

  1. Simplicity and convenience of the platform.
  2. Wide range of trading assets.
  3. Low entry threshold.
  4. Free demo account.

Cons

  1. Withdrawal fee.
  2. Limited educational materials.

5. Binomo

Binomo Logo
5
RegisterTrading binary options carries high risks. You may lose all invested funds
Profitabilityup to 90%
Minimum Deposit$10
Countries of registration:
Regulators:
Trading Assets
ForexPrecious MetalsEnergy CarriersIndicesStocksCryptocurrency
Trading Platforms
Binomo
Deposit/withdrawal:
Логотип Binance Pay
Логотип AdvCash
Логотип AstroPay
Логотип FasaPay
Логотип Jeton
Логотип SticPay
Логотип Credit and Debit Cards
Логотип Online banking
compare Binomo options types

Binomo is ideal for beginner traders and those who prefer binary options with support and training.

Pros and Cons of Binomo

Pros

  1. Diverse account options and services.
  2. Low trading commissions.
  3. Convenient deposit and withdrawal methods.
  4. Competitive asset selection.
  5. High-quality educational materials.

Cons

  1. Lack of authoritative licenses.
  2. Limited analytics.
  3. Mixed reviews on customer support.
  4. Inactivity fee.

6. Expert Option

Expert Option Logo
6
RegisterTrading binary options carries high risks. You may lose all invested funds
Profitabilityup to 91%
Minimum Deposit$10
Countries of registration:
Regulators:
Trading Assets
ForexPrecious MetalsEnergy CarriersIndicesCryptocurrencyStocksETF
Trading Platforms
ExpertOption
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Binance Pay
Логотип Google Pay
Логотип WhatsApp Pay
Логотип Credit and Debit Cards
Логотип Online banking
compare Expert Option options types

Expert Option is ideal for beginners and experienced traders who prefer binary options and social trading.

Pros and Cons of Expert Option

Pros

  1. Diverse account types and trading contests.
  2. Flexible deposit and withdrawal options.
  3. Multifunctional trading platform.
  4. High-quality educational materials.

Cons

  1. Lack of licenses from strict regulators.
  2. Trading is limited to binary options with a maximum expiration of up to 5 minutes.
  3. Lack of in-depth expert analysis.
  4. Limited customer support channels.

7. Quotex

Quotex Logo
7
RegisterTrading binary options carries high risks. You may lose all invested funds
Profitabilityup to 91%
Minimum Deposit$10
Countries of registration:
Regulators:
Trading Assets
ForexStocksCommodities
Trading Platforms
Quadcode
Deposit/withdrawal:
Логотип FKWallet
Логотип YooMoney
Логотип Perfect Money
Логотип Binance Pay
Логотип Visa
Логотип Mastercard
compare Quotex options types

Quotex is suitable for novice traders who value simplicity and low overhead costs. It can also be beneficial for those who prefer to trade binary options and are looking for a basic web platform.

Pros and Cons of Quotex

Pros

  1. No trading fees.
  2. Good selection of deposit and withdrawal methods.
  3. A convenient and functional web platform with various tools for technical analysis.
  4. 24/7 support with a quick response time.
  5. The opportunity to participate in tournaments with a prize pool.

Cons

  1. Lack of regulation.
  2. Limited choice of trading assets.
  3. No desktop and iOS platforms.
  4. Sparse analytics.
  5. Lack of educational materials.

8. Intrade.Bar

Intrade.Bar Logo
8
RegisterTrading binary options carries high risks. You may lose all invested funds
Profitabilityup to 85%
Minimum Deposit$10
Countries of registration:
Regulators:
Trading Assets
Forex
Trading Platforms
Intrade.Bar
Deposit/withdrawal:
Логотип FKWallet
Логотип Perfect Money
Логотип Система быстрых платежей (СБП)
Логотип Visa
Логотип Mastercard
Логотип Мир
compare Intrade.Bar options types

Intrade.bar is suitable for experienced traders who want to work with binary options and do not require educational materials and/or analytics.

Pros and Cons of Intrade.Bar

Pros

  1. Transparent quotes from FXCM.
  2. Compensation depends only on the transaction amount and expiry, with no floating spreads.
  3. Multiple deposit and withdrawal methods.
  4. Fast withdrawal of funds without commission.
  5. Prompt customer support.
  6. Trading without verification is possible.

Cons

  1. No iOS app.
  2. Operates without a license from regulators.
  3. No analytical or educational materials.
  4. No markets other than Forex.

9. Alpari

Alpari Logo
9
RegisterTrading binary options carries high risks. You may lose all invested funds
Profitabilityup to 75%
Minimum Deposit$20
Countries of registration:
Regulators:
Trading Assets
ForexPrecious MetalsEnergy CarriersStocksIndicesCryptocurrency
Trading Platforms
MetaTrader 5
MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип VLoad
Логотип AdvCash
Логотип WebMoney
Логотип Касса24
Логотип Neteller
Логотип Wallet One
Логотип Skrill
Логотип TC Pay
Логотип Swift
Логотип Visa
Логотип Mastercard
compare Alpari options types

Alpari is suitable for both beginners and professional traders, thanks to a wide selection of accounts, instruments, and educational programs.

Pros and Cons of Alpari

Pros

  1. A wide range of trading accounts.
  2. Flexible conditions for depositing and withdrawing funds.
  3. Diversity of trading platforms.

Cons

  1. Licensing in the Comoros does not provide the same level of investor protection as in countries with stricter regulators.
  2. Fees for fund withdrawal and inactivity charges.
  3. Limited choice in terms of different asset classes.

10. Deriv

Deriv Logo
10
RegisterTrading binary options carries high risks. You may lose all invested funds
Profitabilityup to 100%
Minimum Deposit$1
Countries of registration:
Trading Assets
ForexCryptocurrencyCommoditiesIndicesEnergy CarriersPrecious Metals
Trading Platforms
MetaTrader 5
Deriv X
cTrader
Deposit/withdrawal:
Логотип FasaPay
Логотип Perfect Money
Логотип Skrill
Логотип Neteller
Логотип WebMoney
Логотип PaySafeCard
Логотип Jeton
Логотип SticPay
Логотип Airtm
Логотип Boleto
Логотип Paylivre
Логотип OnlineNaira
Логотип Beyonic
Логотип AstroPay
Логотип 1foryou
Логотип AdvCash
Логотип Swift
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип Diners Club
Логотип JCB
Логотип PayTrust88
Логотип Help2pay
Логотип DragonPhoenix
Логотип ZingPay
Логотип Ngan Luong
Логотип Trustly
compare Deriv options types

Deriv may be suitable for beginners looking for a user-friendly platform, a low entry threshold, and the opportunity to trade binary options or CFDs.

Pros and Cons of Deriv

Pros

  1. Simple and fast account opening process.
  2. A wide variety of account types cater to different trading needs.
  3. Low commission structure.
  4. A wide range of trading platforms.
  5. High-quality technical support with fast and effective responses.

Cons

  1. Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
  2. Educational materials are confined to a blog and lack comprehensive learning resources.

How to Choose a Binary Options Broker

Choosing a binary options broker is a crucial step for every trader, as it determines the safety of your funds and your success in trading. To make the right choice, it is important to consider both general reliability criteria and trading conditions, as well as personal preferences in trading style.

  1. Reliability Assessment. Ensure that the broker handles client funds responsibly, executes trades promptly, and does not manipulate quotes. Exclude those who raise doubts. Analyze the company's age, licenses, reputation among traders, and legal transparency. A long market presence and positive client reviews indicate broker stability.

  2. Trading Preferences. Determine which trading style suits you best—short-term trades, long-term options, or automated trading. Choose a broker with conditions that match your approach.

  3. Trading Conditions. It is important that the broker offers suitable account types, convenient trading platforms, diverse instruments, and favorable commissions. Transparent fees and fair trade execution are critical criteria when choosing.

  4. Tools and Platforms. Choose a broker with a wide selection of trading tools and a reliable trading platform. Ensure all the assets and options you need are available.

  5. Customer Support. Check that the support service operates around the clock and is ready to help promptly. The quality of customer service says a lot about the broker.

  6. Education and Analytics. Educational materials and professional analytics will be useful for both beginners and experienced traders.

  7. Deposit and Withdrawal. Evaluate the convenience, speed, and cost of deposit and withdrawal operations.

  8. Investment Opportunities. Consider additional earning opportunities such as trade copying and bonus programs.

  9. Demo Account. Training on a demo account will provide valuable experience without risking real funds.

  10. Reputation. Read reviews on independent resources and forums to learn the opinions of real clients.

Each of these aspects will help you get a complete picture of the broker and choose the most suitable one for successful binary options trading.

How the Best Binary Options Brokers Ranking is Compiled

Our approach to identifying the best platforms for binary options trading is based on comprehensive analysis and complex evaluation criteria.

  1. The first step was to create a comprehensive list of binary options brokers that meet our pre-established standards. Each broker underwent a detailed analysis using a methodology that allows for an objective assessment of their services and performance.

  2. We focused on brokers regulated by reputable financial authorities. This ensures that brokers operate transparently and adhere to strict financial standards.

  3. The evaluation of brokers included an analysis of their trading conditions, such as types of binary options, commissions, minimum deposits, and the range of available trading instruments. We also assessed the quality and convenience of their trading platforms, including popular platforms and proprietary developments with advanced features.

  4. The quality of customer support also played an important role. We evaluated the availability of support in different languages and the convenience of communication channels. Special attention was given to localized services, such as websites and educational materials tailored to the needs of traders in different countries.

  5. Reviews from real traders who have already used the services of these brokers helped us form a comprehensive view of the strengths and weaknesses of each broker. This included aspects such as ease of use, experience with customer support, and overall satisfaction.

Following this thorough evaluation process, we ensured the reliability and credibility of our list of the best binary options brokers in the world, helping traders make informed decisions in the dynamic binary options market.

Conclusion

It is important to remember that not every broker will be suitable for every trader. What makes one broker an excellent choice may make another less suitable for your specific needs. Therefore, it is necessary to carefully study all the criteria to determine which binary options broker is right for you. Take the time and effort to find a broker that meets your requirements and won't let you down at a critical moment.

Our top binary options brokers list is a tool that will help you make an informed choice and find a company that will best meet your expectations and preferences.

Frequently Asked Questions

What are binary options?

Binary options are financial instruments that allow traders to bet on the direction of an asset's price movement (up or down) over a specified period. If the prediction is correct, the trader receives a fixed profit; if incorrect, they lose the invested funds.

How do binary options brokers work?

Binary options brokers provide trading platforms where traders can make deals based on their price movement predictions. Brokers earn from the difference between payouts on winning and losing trades, as well as from commissions and fees.

How to choose a binary options broker?

When choosing a binary options broker, pay attention to licenses and regulation, trading conditions, minimum deposits, types of options, available trading platforms, quality of customer support, and reviews from other traders.

Is it possible to earn consistently with binary options?

Consistent earnings with binary options are possible but require deep knowledge, market analysis, a developed strategy, and discipline. Many traders lose money due to a lack of experience and understanding of the market.

How to know if a binary options broker is legitimate?

To determine if a broker is legitimate, check for licenses from regulators. It is also important to study reviews from other traders and research the company's history.

Where is the best place to trade binary options?

The best place to trade is on platforms offered by reliable and regulated brokers with good trading conditions, quality support, and positive user reviews.

When is the best time to trade binary options?

The best time to trade binary options depends on the chosen asset and its volatility. It is often recommended to trade during periods of high market activity, such as the opening of European and American sessions.

Which binary options are the best?

The best binary options depend on your preferences and strategy. Popular types include "Up/Down," "Touch/No Touch," and "Range." Choose the ones that best align with your trading goals.

What is the difference between trading and binary options?

The difference between trading and binary options lies in the mechanics of the deals. In trading, you buy and sell assets, while in binary options, you bet on the direction of price movements.

Can binary options be trusted?

Binary options can be trusted if you work with regulated and licensed brokers. Be cautious with brokers who lack licenses and have negative reviews.

What trading conditions are important when choosing a broker?

Important trading conditions include the size of the spread, commissions, minimum deposit, available types of options, expiration terms, quality of the trading platform, and customer support.

Where are binary options banned?

Binary options are banned in some countries, including the USA, Canada, and European Union countries, due to high risk and instances of fraud.

What to do if a binary options broker turns out to be a scam?

If the broker turns out to be a scam, contact regulatory bodies such as CySEC or FCA and file a complaint. You can also use the services of legal firms specializing in fund recovery.

How do binary options brokers make money?

Binary options brokers make money from the difference between the payouts and the losses of traders, as well as from commissions and additional services.

What is the benefit of binary options?

The benefit of binary options lies in their simplicity, fixed profits and losses, and the ability to trade various assets with minimal investments.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.