Best Binary Options Brokers in Chile 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Chile binary options brokers based on our analysis:
- 1
Pocket Option - Best binary options broker in Chile - Variety of accounts and services. Wide selection of deposit and withdrawal methods. Variety of asset classes for trading. - 2
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. - 3
IQ Option - Simplicity and convenience of the platform. Wide range of trading assets. Low entry threshold. - 4
Binarium - Wide selection of trading assets. Convenient and functional trading platform. Availability of trading signals from the broker's top traders. - 5
Binomo - Diverse account options and services. Low trading commissions. Convenient deposit and withdrawal methods. - 6
Quotex - No trading fees. Good selection of deposit and withdrawal methods. A convenient and functional web platform with various tools for technical analysis. - 7
Expert Option - Diverse account types and trading contests. Flexible deposit and withdrawal options. Multifunctional trading platform. - 8
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure.
Binary options trading has become a popular way to participate in financial markets with small investments and quick results. However, not all platforms offer the same level of safety or usability for Chilean users. This guide highlights a selection of reliable and easy-to-use brokers, chosen for their reputation, transparency, and overall service quality.
List of theBest Binary Options Brokers in Chile
1. Pocket Option
Pocket Option is a binary options and CFD broker that could be suitable for a wide range of traders, from beginners to experienced professionals. For newcomers, the extensive educational materials and analytics will be helpful, while seasoned traders will appreciate the variety of trading platforms and assets. However, caution is advised due to the weak regulation and high spreads on CFDs. If you are willing to accept certain risks and limitations, Pocket Option might be a good choice.
Pros and Cons of Pocket Option
Pros
- Variety of accounts and services.
- Wide selection of deposit and withdrawal methods.
- Variety of asset classes for trading.
- The availability of various trading platforms.
- Quality analytical materials and educational resources.
Cons
- Weak regulation.
- High spreads for CFD trading.
- Long withdrawal term.
- Average number of CFDs.
- No iOS and desktop applications.
2. Olymp Trade
Olymp Trade is an attractive broker for a wide range of traders thanks to its versatile platform, which combines ease of use with comprehensive features. This makes it particularly suitable for beginners, who will find extensive educational resources and support to develop their trading skills, and experienced traders seeking efficient and flexible trading across various markets.
With a low entry threshold and the ability to trade through various devices, Olymp Trade offers a convenient start for those just beginning their journey in the world of financial markets, as well as advanced tools for more seasoned users looking to refine their trading skills.
Pros and Cons of Olymp Trade
Pros
- 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.
- Extensive educational materials.
- 24/7 customer support.
Cons
- No Tier-1 licenses (FCA, ASIC, CySEC).
- Above-average commissions in Forex mode (though fixed and transparent, with no hidden charges).
3. IQ Option
IQ Option is a reputable broker offering various trading instruments, including binary and digital options, Forex, CFDs, and more. With its simple and intuitive interface, low entry threshold, and the provision of a demo account, this broker is suitable for both novice traders and experienced investors looking for a reliable trading platform.
Pros and Cons of IQ Option
Pros
- Simplicity and convenience of the platform.
- Wide range of trading assets.
- Low entry threshold.
- Free demo account.
Cons
- Withdrawal fee.
- Limited educational materials.
4. Binarium
Binarium offers good trading conditions, bonuses, a free demo account, education, and analytics. The trading platform is user-friendly and easy to use, and the firm has a positive reputation. While there are some drawbacks, the aggregate of positive aspects of the service is significantly higher.
Pros and Cons of Binarium
Pros
- Wide selection of trading assets.
- Convenient and functional trading platform.
- Availability of trading signals from the broker's top traders.
- Various tournaments for active traders.
- Provided bonuses do not restrict the withdrawal of funds.
- Wide choice of base currencies for account opening, including cryptocurrencies.
Cons
- Absence of a license from a reputable financial regulator.
- The analytical section is poorly developed.
- The educational section lacks webinars and seminars.
- Long processing time of withdrawal requests.
5. Binomo
Binomo stands out as a reliable trading platform ideally suited for beginner traders due to its extensive educational materials and ease of use, as well as for experienced users who value transparency and quality of service. Despite a limited selection of analytical tools, Binomo offers sufficient capabilities for effective binary options trading, making it a good choice for traders seeking convenience and simplicity in a platform.
Pros and Cons of Binomo
Pros
- Diverse account options and services.
- Low trading commissions.
- Convenient deposit and withdrawal methods.
- Competitive asset selection.
- High-quality educational materials.
Cons
- Lack of authoritative licenses.
- Limited analytics.
- Mixed reviews on customer support.
- Inactivity fee.
6. Quotex
Quotex is an exciting choice for traders seeking a simple and functional web platform without additional commissions. The broker is especially suitable for beginner traders, thanks to the availability of a demo account and 24/7 technical support. These are good starting conditions to start trading.
Pros and Cons of Quotex
Pros
- No trading fees.
- Good selection of deposit and withdrawal methods.
- A convenient and functional web platform with various tools for technical analysis.
- 24/7 support with a quick response time.
- The opportunity to participate in tournaments with a prize pool.
Cons
- Lack of regulation.
- Limited choice of trading assets.
- No desktop and iOS platforms.
- Sparse analytics.
- Lack of educational materials.
7. Expert Option
Expert Option represents an attractive platform for traders seeking convenience and flexibility in trading binary options. Given the educational resources provided, analysis tools, and social trading features, the broker is particularly suitable for novice traders wanting to expand their knowledge and experience in trading. Thanks to a competitive selection of assets and innovative trading instruments, the platform may also be of interest to experienced traders.
However, those looking for opportunities to trade a wide range of financial instruments beyond binary options or aiming to work with a broker holding stringent regulatory licenses might find the Expert Option less suitable.
Pros and Cons of Expert Option
Pros
- Diverse account types and trading contests.
- Flexible deposit and withdrawal options.
- Multifunctional trading platform.
- High-quality educational materials.
Cons
- Lack of licenses from strict regulators.
- Trading is limited to binary options with a maximum expiration of up to 5 minutes.
- Lack of in-depth expert analysis.
- Limited customer support channels.
8. Deriv
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
Regulation of Binary Options in Chile
The Comisión para el Mercado Financiero (CMF) oversees Chile’s financial markets, but there is no specific framework that authorizes or regulates binary options for retail investors.
According to public CMF statements, binary options are not regulated, meaning traders do not enjoy the same level of protection as with licensed financial products.
The CMF has also issued periodic warnings about unregulated investment platforms targeting Chilean residents without authorization. Before investing, traders are urged to verify company credentials and avoid platforms promising guaranteed returns.
Global context: In the European Union and United Kingdom, binary options are banned for retail trading, and Canada has imposed similar prohibitions. This is why it’s rare to find truly “regulated binary options brokers” operating under top-tier financial licenses.
How We Selected the Best Binary Options Brokers in Chile
- Eligibility for Chilean residents. We started with platforms that accept Chilean clients and meet minimum operational standards: clear terms, responsive support, and valid KYC/AML processes.
- Safety and reputation. We examined company history, transparency, incident handling, and licensing (where applicable). Since many binary platforms operate offshore, greater weight was given to proven payout reliability over marketing statements.
- Payments and total cost. We compared minimum deposits, supported payment methods for Chile (credit cards, international transfers, e-wallets like Skrill/Neteller, and sometimes crypto), withdrawal times, and currency conversion fees.
- Platform quality and usability. We tested stability, ease of use, trade execution, mobile apps, educational materials, and demo accounts.
- Product range. We reviewed contract types (classic, turbo/60s, digital/fixed-time), expiry periods, and available asset classes (FX, indices, commodities, stocks, crypto). Any restrictions for Chilean users were noted.
- Localization. We assessed Spanish-language support, response times, and clarity of localized content and verification procedures.
- Real tests and user feedback. We opened and funded accounts, placed trades, and requested withdrawals—comparing results to real user reviews.
- Scoring and updates. Security and withdrawal transparency received the highest weight in our scoring model. Rankings are updated as fees, services, or regulations change.
FAQ
What are binary options?
Binary options are financial contracts where traders predict whether an asset’s price will be above or below a set level at a given time. If correct, they receive a fixed payout; if not, they lose the invested amount.
Are binary options legal in Chile?
They are not explicitly illegal, but they’re not regulated by the CMF either. This means investors trade at their own risk, without the protection of a licensed product.
Which is the best broker for binary options?
There’s no single winner. If you value variety and custom apps, Deriv is a good pick. For simplicity, Quotex or Olymp Trade may suit you better. If you enjoy tournaments and social features, Pocket Option stands out. Always test with a demo account before depositing.
Can I find regulated binary brokers?
Not really — most “regulated” jurisdictions have banned them for retail clients. If strict regulation is your priority, consider forex options or CFDs offered by fully licensed brokers instead.
Are binary options profitable?
They can be in the short term, but maintaining profitability is difficult. With an average payout of 80%, your breakeven accuracy rate is about 55.56% (you must win at least 56 of every 100 trades to avoid losses).
Why do most traders lose money?
Because of emotional trading, lack of a plan, over-risking, and unfavorable payout structures. Regulators banned binaries largely due to high consumer losses.
How much can I earn trading binaries?
It depends on accuracy and risk control. For example, if you risk 1% per trade with 80% payout and win 58 out of 100 trades, your expected gain is roughly +4.4% before fees.
What are the main risks?
Losing 100% of your stake per trade, over-trading, conflict of interest (some brokers profit from client losses), and the danger of unregulated platforms freezing withdrawals.
Where are binary options banned?
- EU: Prohibited for retail clients under ESMA’s product intervention.
- UK: Permanently banned by the FCA.
- Canada: Nationwide retail ban.
- USA: Allowed only on regulated exchanges like Nadex — not offshore brokers.
Can I trade from a mobile app?
Yes. Most platforms have mobile apps for iOS and Android. Use a stable connection and enable two-factor authentication.
What is the “1% rule” in binary trading?
Risk only 1% of your balance per trade. Example: with $300, invest a maximum of $3 per trade. Adjust position size as your balance changes.
