Trade Binary Options in Pakistan with OlympTrade

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
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  • Binomo
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Contents

Trade Options in Pakistan with OlympTrade

Options trading is a relatively new trading instrument that has gain attention of Pakistani traders very quickly. With an increase of online financial transactions, the risk of fraud in options is also high just like any unregulated financial transaction, so it is advisable to play cautiously with an accredited broker like Olymp Trade.

Trading Options has been legalizing in Pakistan by governing body called SECP. Although, option trading is not regulated by any Pakistani financial institutions. Since most of the regulated options brokers are operating overseas, Olymp Trade provides the most reliable and professional platform for trade.

Why trade Options?

Olymp Trade platform provides one of the most reliable solution for Pakistani traders for successfully executing options trading. The transparent nature of options trading keeps traders aware of risks and possible gain for each trade before entering into a transaction.

The trader does not require to know the different complicated procedure to execute a trade. In the beginning, only things you need to understand is technical analysis, fundamental analysis, and basics of money management. On our website, we have prepared a lot of articles about these (and also other) topics that will help you to trade.

The simplicity of options trading reduces the risk management worry of traders. The concern of margin call will also disappear as the transaction of options is without leverage or margin.

Options are one of the most profitable financial instruments for traders where a payout may reach up to 92% through a broker like Olymp Trade. All it is required from a trader to identify the correct direction of the asset.

A recognized broker also provides free educational tutorials to make sure traders are well aware of the risk and technique for successful trade execution. OlympTrade is providing good trading materials in their trading academy. So don’t forget to check these materials.

Olymp Trade – Good broker for Pakistani traders

A reliable and professional broker act as a critical for achieving successful and fair trading. Olymp Trade is offering its services from 2020 and recognized as one of the most trusted brokers in the Options market and a member of Financial Commission of A category. Membership of International Financial Commission showcase dependable and sincere effort of quality service during its operational tenure.

As we said at the beginning we are getting a lot of questions, and one of them is – how to register to Olymp Trade’s platform. It’s very simple, go to > Olymp Trade registration form More posts by this author

How to Trade Binary Options with IQ Option In Pakistan?

Binary Options are an interesting trading instrument that has gained massive popularity among Pakistani traders. It has quickly become one of the most sought-after trading instruments, gaining the attention of the new generation of traders in the country. Though often surrounded by controversies, Binary Options are a preferred choice for traders looking to diversify their portfolios and earn a good profit in a short span of time.

Enthusiastic traders in Pakistan are often bothered about the legal status of Binary Options trading in Pakistan, IQ Option broker, and the rules and regulations surrounding it.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

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    Free Demo Account! Free Trading Education!

  • Binomo
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    Only for experienced traders!

Let us explain to you all these things about binary options in Pakistan – in our complex article.

Like most countries across the globe, Binary Options trading is legal in Pakistan. The trade of the instrument has been legalized by the Securities and Exchange Commission of Pakistan (SECP). However, no financial institutions in Pakistan have regulated trade in the country.

Like all unregulated financial transactions, the risk of fraud remains high in Binary Options trading. So, it is advised that one should choose regulated and accredited brokers for their trade. It should be noted that most of the regulated brokers for binary options are located offshore, happily accepting trades from Pakistan. Trading with such regulated brokers is safe and legal, as long as you adhere to the necessary local tax regulations too.

Why you should trade binary options?

Binary Options are a very lucrative trading instrument for people keen to earn huge volumes of profits in a short amount of time. The transparent nature of the trade serves as an incentive of traders, keeping them aware of the risks associated and the potential profit, before entering into a transaction.

As compared to some other trading instruments like forex or cryptocurrencies, binary options trading simpler and easier. It does not require you to follow several different complex procedures and techniques to execute a trade. In fact, one of the key reasons for the popularity of Binary Options is its simplicity, that reduces the worry of the traders to manage risk.

Binary Options are undoubtedly one of the most profitable instruments for traders where pay-outs reach as high as 91% with reliable brokers like IQ Option. All one needs to do is identify the correct direction of movement of the asset to earn profits. For sure, it’s not that easy as we describe, but it’s much easier than the forex or futures trading is. The principle of the trading is pretty easy, but the trading at all is not that easy. It

Maybe you are wondering how much you need to invest, because usually “the world of trading” requires a lot of money to even start. That’s not true. Not in binary options trading. To start trading you just need$10. That’s it. Mentioned broker above – IQ Option offers this low minimum deposit. What do you think about it?

The next amazing thing is the fact, that IQOption offers one of the best demo (testing) accounts with virtual money, where you can test your skills and get to know the trading platform. Want to test the demo account?

Is binary options trading possible in Pakistan?

Yes, as we said at the beginning of the article, Binary Options trading in Pakistan is legal and easily practicable. Many offshore brokers happily accept Pakistani traders and there are no legal consequences of practicing trade on such platforms.

To begin trading, all one needs is a stable internet connection, a smartphone or computer that supports the trading platform, a trading account, and an initial deposit. The legality of Binary Options, without any tight regulation for its trade, offer a great deal of freedom to the traders.

Which Broker Should You Opt for?

It is critical that one selects a reputable and reliable broker to achieve fair and successful trading. Since the only regulated brokers available in Pakistan are offshore ones, you should choose a popular broker that has proven results. Traders are advised to be careful about fraudulent practices in the market and choose a broker after detailed scrutiny. A renowned and highly-recommended broker for Binary Options is above mention broker IQ Option or you can also try OlympTrade broker, which is also reliable.

IQ Option offers one of the most simple-to-yet and customizable trading platforms, that is suitable for beginners and experienced traders alike. Featuring an intuitive user interface, the platform is regulated under CySEC. The platform is custom made for all devices including Windows, Android, iOS, and Mac. However, you must keep in mind that the platform might not be compatible with out-dated devices.

The platform allows you to trade with a minimum deposit of $10 and conduct trades worth as low as $1. For novice traders, the broker even provides a mentioned free demo account where one can polish their skills and prepare themselves for the volatile markets.

IQ Option promises great support to the traders over email and via live chat. Compatible with an array of languages and offering a wide variety of deposit, withdrawal, and currency options; the platform guarantees an unmatched trading experience.

Broker Bonus Min Deposit Payout Review Open Account
FREE DEMO ACCOUNT $ 10 Up to 100 % !* Review Trade Now!
*in case of correct prediction
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

How to Deposit or Withdraw Funds from IQ Options?

It is a fairly easy process to open an account with IQ Options, deposit funds and commence trading with IQ Options. Traders are required to undergo a simple verification process by presenting a recognized ID like the passport or the driving license. This process is necessary to prevent any case of money laundering.

IQ Option offers not only one of the lowest initial deposits ($10) but also provides a wide range of payment options for Pakistani traders. The various methods available for depositing and withdrawing funds include:

  • Credit Cards
  • AstroPay
  • Skrill
  • Neteller
  • Web Money
  • Bitcoin
  • Qiwi Wallet
  • Yandex
  • Fast Pay

For Pakistani traders, debit cards are not an option. Withdrawals are recommended through e-wallet services for Indian/Pakistani customers, although not mandatory.”” data-userid=”424326092676120576″ data-orgid=”424326092676120578″>It is important that users need to withdraw to the same bank card (in this case credit cards) or e-wallet, you used to make a deposit. Otherwise, the system will cancel the request. For Pakistani traders, it is recommended to use E-wallet services such as Neteller or Skrill instead of directly through a bank. Withdrawals are recommended through e-wallet services for Pakistani customers, although not mandatory.

Broker Bonus Min Deposit Payout Review Open Account
FREE DEMO ACCOUNT $ 10 Up to 100 % !* Review Trade Now!
*in case of correct prediction
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Conclusion

Binary Options trading has gained massive popularity around the world, and Pakistan is not left out in this type of trading.

Binary Options are legal in Pakistan and can be engaged in lawfully. Offering high potential for profit in a short span of time, Binary Options promises a profitable and pleasant experience as long as one trades through a regulated and reliable broker like IQ Options, one of the most recommended brokers.

Are you not impressed by the IQ Option broker? What about to try Olymp Trade broker? Find out more about this broker in our article – Trade Binary Options in Pakistan with Olymptrade.

If you have any questions about trading binary options in Pakistan or about the IQ Option broker, let us know below in comments. Thank you.

More information about IQ Option broker:

Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

Pakistani Traders Guide

Pakistan aka ‘The Land of the Pure’ is a country full of surprises which include the world’s largest hand-planted forest and the magnificent Faisal Mosque. Some Pakistani people are equally epic including Babar Iqbal who became a Microsoft Certified Professional at the age of nine! Now, Dr Iqbal, he has made it his life’s work to bring education and technology to the less-privileged.

Pakistan is host to the fourth-largest internet system in the world with many making a good living from various forms of trading. It is entirely legal to trade binary options, but Pakistan does not have a licensing system. Therefore, you will need to access an offshore broker for your trading activities and this is where we hope to assist you.

In Pakistan, if you abide by Sharia laws, then you will be aware that you are not permitted to earn interest on your investments and you will need to find a broker which offers an ‘Islamic’ account. Pakistani authorities also require that you trade only with brokers licensed by one of the best jurisdictions. It can be a more difficult task to find a reputable and fully compliant broker, but they are out there.

In this article, you will learn:

    Legitimate binary trading for Pakistan residents Your commitments in terms of taxes and fees How we select brokers for Pakistani Traders

Traders in Pakistan

Those of you based in Pakistan who wish to trade in binary options are required to do so under Sharia law, which means complying with a slightly different set of rules to residents in many other countries. For example, you are not permitted to hold an account which will accrue interest, thus precluding individual brokers who charge or add interest for specific services.

Licensing And Regulations

We cannot stress strongly enough that the requirements for citizens of Pakistan are more stringent than many others. Although trading in binary options is legal, there are no ‘local’ brokers and some fairly strict rules that must be observed by you. We aim to cover further details on those throughout this guide, but the first objective is to seek out an Islamic-compliant account.

Assets And Trades

While it is always a bonus to have a wide variety of assets and trade types to choose from, you also need to be aware of those that are Haram (forbidden) to you. These specifically include trades which involve cryptocurrencies, as well as certain other standard currencies including ZAR (South African Rand), TRY (Turkish Lira) and MXN (Mexican Peso), amongst others. Also, any account you operate must neither accrue interest nor have interest charged for any broker services.

Demo Account

For Pakistan residents, it is vital to select an Islamic broker that can provide you with a suitable demo account. This service should be provided free of charge and be able to demonstrate to you that your unique needs and requirements are met in full. As this may take you time to establish, always opt for one which does not have a trial period and to not accept any attempt to push you into making decisions.

Customer Support

Although it may be the last thing on your mind when you are considering trading in binary options, for residents of Pakistan customer support is a particularly vital factor. Other than the standard options, such as toll-free telephone service, live chat and web-form options, you need assistance that is specifically knowledgeable about Islamic accounts and trading under Sharia laws.

Trader Broker Asset Profit

Broker Fees And Tax

It is perfectly normal for a binary options broker to charge fees for certain services connected with the operation of a trading account. However, you will need to expect additional fixed fees covering the cost of specific transactions, such as overnight trades, because the broker cannot add the common interest under Islamic account rules. Additionally, the spreads on offer will be different for Islamic accounts, mainly if you use leverage.

The taxation system in Pakistan is exceptionally complex and will also vary from region to region. Generally speaking, an income of any type is subject to Income Tax on a sliding scale basis, although the current tax laws do not define profits from binary options trading as an income unless you are a professional trader.

However, rules can change rapidly, so we strongly recommend that you keep detailed records of all trading. Not only as a safety net for tax purposes, you will also find it a useful tool as you develop your trading strategy.

Pakistani Licencing

Pakistan does not operate a licensing system for binary options brokers. However, as Sharia laws apply, any broker you sign up with must be able to provide an Islamic account and to comply with the licensing regulations associated with one of the jurisdictions listed below:

    UK (FCA) Cyprus (CySEC) Australia (ASIC) EU Countries (MiFID)

Binary options brokers from one of these countries are then obliged to operate your account in such a way that it fulfils Halal requirements.

Although finding a suitable binary options broker for those living in Pakistan can prove more challenging, we always aim to please.

How we Recommend Brokers

In situations where a particular country has stringent requirements, our methodology for selecting suitable brokers has to change a little from the normal process. In Pakistan, there are two specific prerequisites; firstly, your broker must be able to offer a service which is in keeping with Sharia law and secondly, observe licensing under one of the four jurisdictions we mentioned above. While this may initially appear to reduce the list, those who can tick all the boxes will be more than worthy of your attention.

Having drawn up a shortlist of brokers that can fully comply with the No Riba requirements, we then complete a thorough check, based against many other criteria we feel are essential to binary options traders. The list is not exhaustive but will always include the broker’s ability to adequately service any country where it offers binary options trading facilities. On that point, we confirm licensing complicity and also do additional checks to ensure that the broker is not going to be charging you excessively for the provision of an Islamic account.

Our panel of experts will then go through other essential matters such as access to a suitable (free) demo account, the availability of a Sharia-specific FAQ section or Help Guide, well-informed account managers and an excellent customer support network. Accessibility for mobile clients and a secure environment, especially for sensitive data and financial transactions, rates equally high on our list of must-haves. Although finding a suitable binary options broker for those living in Pakistan can prove more challenging, we always aim to please and to select only those brokers which can offer you an excellent all-round experience.

Frequently Asked Questions

Is binary trading in Pakistan legal and safe?

Binary options trading in Pakistan is legal. However, residents are advised to select a broker which complies with Sharia law (No Riba) and to choose from those who operate under a strict jurisdiction.

Do I need to pay fees and taxes on my trading profits?

You will pay standard fees, plus some extra ones under an Islamic account. These will vary so always check the broker’s T&Cs before committing. At present, there are no specific guidelines relating to profit accrued from binary options trading, but we recommend some basic record-keeping in case this situation changes.

Can I test brokers before trading with real money?

Yes and we feel that it is something all potential traders from Pakistan should do. It is essential that you can see the impact of an Islamic account in terms of the added fees and wider spreads generated by ‘No Riba’.

Is it easy to make deposits and withdrawals?

The process itself will not be complicated, but you will find slightly limited options; usually Credit Card, Skrill or Neteller, which must remain consistent for both depositing and withdrawing funds. Transactions using either Debit Cards or cryptocurrency are strictly Haram (forbidden).

Can I trade using my mobile or tablet device?

At least this question has a straightforward answer. Almost every suitable broker offers a robust mobile option for all clients using a mobile-optimised website, alternatively by downloading either an iOS or Android App.

Shelly is proud of her current position as Head of Brand for a well-known organisation that owns several brokerages in the trading sector. She’s consulted for us since 2020 and readers can benefit from her insider knowledge of how brokers work.

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The Best Binary Option Trading Platforms and Brokers of 2020

​Looking for the best binary option broker, but not sure where to start? With so many different brokers to choose from, finding the right one can feel like a difficult task.

Finding the best broker often comes down to what factors are most important to you. Are you looking for the highest payouts, the lowest minimum deposits, the most attractive bonuses, or perhaps the best trading platform? No matter what appeals to you most, I got you covered.

Over the years, I’ve reviewed and tested 17 different binary options brokers. I’ve evaluated each company on a variety of factors including trading platform, payouts, deposit methods, customer service, country restrictions, regulation, mobile apps, and more.

​Below you will find my top 10 list of brokers, a side-by-side comparison chart, and a review of each company. Ready? Let’s get started!

Table of Contents

​​​​The 10 ​​Best Binary ​Options Brokers of 2020

  1. IQ Option – Best ​Trading Platform
  2. ExpertOption – Best Payouts
  3. Olymp Trade – ​Lowest ​Minimum Deposit
  4. Binary.com – Best For Beginners
  5. Pocket Option – Best For U.S. Traders
  6. BinaryCent – Best For Minimum ​​Trade Amounts
  7. RaceOption – Best Bonuses
  8. Binomo – Best For​ VIP Traders
  9. 24Option – Best ​CFD Trading
  10. Finmax – Best ​Customer Service

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​​10

​Review of the Top Binary Option Sites and Companies

1) IQ Option

​​​IQ Option is a broker that is based in Cyprus and regulated by the CySEC (Cyprus Securities and Exchange Commission). Since 2020, IQ Option has been one of the most successful online trading platforms with over 43 million registered users, over 1 million trades per day, and clients from over 213 countries.

IQ Option has the best trading platform of all the brokers I’ve reviewed. They have over 250+ ​assets to trade including binary options, digital options, as well as CFDs on stocks, crypto, commodities, and ETFs. Their binary options pay up to 95% on successful trades, while their digital options offer return rates up to 900%

The IQ Option platform is available on the Web or through one of their trading apps (Android, iOS, Mac, and Windows). Free demo accounts are available with $10,000 in virtual money to practice with. Their platform comes with everything you’d want and expect including multi-chart layouts, financial indicators, technical analysis, and real-time alerts. They also have several risk management features including Stop Loss, Take Profit, Negative Balance Protection, and Trailing Stop.

If you’re looking for the best binary trading platform, IQ Option should be near the top of your list.

  • Minimum Deposit: $10
  • Max Payout: 9​5%
  • Min. Trade: $1

​Note: This broker does not accept clients from the United States, Canada, European Economic Area, Japan, Israel, Australia, and Puerto Rico.

​2) ExpertOption​

​ExpertOption is a trusted broker that has been around since 2020, offering binary options on over 100+ ​assets including stocks, cryptocurrency, forex, and commodities. ExpertOption is located in Saint Vincent and the Grenadines and is regulated by the VFSC (Vanuatu Financial Services Commission) and FMRRC (Financial Market Relations Regulation Center). This broker serves clients from over 150 countries and has over 32,000,000 registered ​users on their platform.

ExpertOption offers some of the best payouts on the market, with profits as high as 95%. Their platform is very easy to use for beginners and also has some features that even advanced traders will appreciate such as 4 different chart types, 8 indicators, and trend lines. ExpertOption also offers Social Trading, which allows you to trade binary options with your friends or follow other VIP traders and see their active trades in real-time.

ExpertOption offers over 20 different payment methods including E-Wallets, credit cards, cryptocurrency, and bank transfer. This binary broker also offers a free demo ​without registration. Overall, if you’re looking for a great payouts and a solid trading platform, ExpertOption is an option worth considering.

  • Min​. Deposit: $10
  • Min. Trade: $1
  • Max ​Profit: 95%
  • Bonuses: 100% Welcome Bonus

Note: This broker does not accept clients from the USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, Puerto Rico, Singapore, Bangladesh, Vanuatu, Yemen, and Sudan.

​​3) Olymp Trade

​Olymp Trade is a ​Cyprus-based broker that is regulated by the International Financial Commission. This license ensures that traders are supported by deposit insurance, comprehensive support, and a prompt resolution of all issues. Olymp Trade has been a part of the options market since 2020 and has consistently improved their platform over the years. As of 2020, there are over 25,000 users trading ​with Olymp Trade ​every day.

Like most of the top brokers, Olymp Trade has a web-based platform and apps available for iPhone and Android. They have over ​75 different ​underlying assets that you can trade with. Demo accounts are available if you’d like to test-drive the Olymp Trade platform. This broker has a variety of educational resources available to their clients including trading strategies, webinars, and more.

​Note: Olymp Trade does not accept clients from European Economic Area, Australia, Canada, USA, Japan, Israel, New Zealand, Russia, Spain, Sweden, and Switzerland.

​4) ​Binary.com

​Binary.com is an online trading platform that offers binary options and CFD trading. Owned by a company called Binary Group LTD and founded in 1999, this broker is one of the oldest and most respected names in the binary options trading industry with over 1 million registered users worldwide.. Binary.com has offices in ​Channel Islands, Malta, Saint Vincent and the Grenadines, Malaysia, British Virgin Islands, and Vanuatu. ​ Binary.com is regulated ​by ​Vanuatu Financial Services Commission​, British Virgin Islands Financial Services Commission, Malta Financial Services Authority, and Labuan Financial Services Authority.

Binary.com has several different trading platforms that you can use including:

  • Deriv – A perfect solution for beginners with an easy-to-use platform that is rich with features.
  • SmartTrader – Trade in the world’s financial markets with a simple and user-friendly online platform.
  • Tick Trade Android App – Ultra fast trading on-the-go.
  • MetaTrader 5 – An advanced multi-asset trading software that includes Forex, CFDs, and binary options.
  • Binary WebTrader – An advanced binary options trading interface to monitor the movements of your favorite markets at the same time.
  • Binary Bot – Automate your own trading strategies with a simple “drag and drop” bot creation tool.

​Binary.com has attractive return rates that can exceed 100% on simple rise/fall contracts and above 1000% on high/low and touch/no-touch trades. You have the option of trading all major indices, commodities, currencies, and synthetic indices with expiry times ranging from 10 seconds to 365 days. Binary.com gives you the ability to sell your contract before the expiry time is reached to lock-in your profit or to minimize your loss. With their simple interface, you can execute a whole trade in just a matter of seconds.

Binary.com provides a variety of payment methods to fund your account including Visa, Mastercard, bank transfer, Skrill, Maestro, Neteller, Fasapay, QIWI, and many more. To ensure trader safety, all capital deposited goes into a segregated bank account and held in a secure financial institution.

​Although Binary.com is a perfect choice for beginners, their advanced platforms ha​ve enough features to satisfy even the most advanced traders.

Note: Binary.com does not accept customers from the USA​, Canada, and Hong Kong.

​​5) ​​​Pocket Option

​Pocket Option is a binary options brokerage that provides online trading of more than 100 different underlying assets. Pocket Option is one of the only sites that accept new traders from the United States and Europe. Established in 2020, Pocket Option is based in the Marshall Islands and is licensed by the IFMRRC (International Financial Market Relations Regulation Center).

Pocket Option has great terms and conditions for its traders including no commission on deposits and withdrawals, over 50+ payment methods, indicators and signals, social trading, bonuses, high returns, and more. Pocket Option provides bonuses of up to 100% when you open an account, which is among the best in the industry.

If you’re looking for a binary broker that caters to customers around the world, including USA and Europe, then Pocket Option is one of the best options available.

  • Maximum Profit: 128%
  • Min. Deposit: $50
  • Min. Trade: $1

​​6) ​​​​Bin​aryCent

​BinaryCent is a binary option site that offers Forex trading, CFDs, and options with payouts up to 95%. BinaryCent was established in 2020 and is owned by a company called Cent Project LTD, which is a subsidairy of the Finance Group Corp. This company is located in Vanuatu and accepts international traders including the United States, Canada, Australia, and the UK. BinaryCent is regulated by the VFSC (Vanuatu Financial Services Commission).

The biggest advantages of using BinaryCent include minimum trades of just 10 cents, leverage up to 1:100, and copy trading. Copy trading allows you to follow the most successful traders on the platform and to see their live trades in real-time. By copying other profitable users, you can increase your chances of success.

  • Minimum Deposit: $250
  • Minimum Trade: $0.10
  • Bonus: 20-100% Deposit Match
  • Withdrawal Processing: 1 Hour
  • USA Friendly: Yes

​​​7) ​​​​​RaceOption

RaceOption ​is a binary options broker that is based in the UK and established in 2020. RaceOption processes more than 10,000 trades per day and is one of the only companies that allow clients from the United States, Canada, and Australia. RaceOption has no restrictions on what country you’re located in.

The biggest selling points to RaceOption are 1-hour withdrawals, deposit bonuses up to 100%, and weekend trading. This trading platform is available in three versions: Web, Android, and iPhone. They offer CFD trading, 60 seconds, one touch, live charts, and instant execution of trades.

Overall, RaceOption is a reliable broker that offers attractive payouts up to 90% and a variety of funding options including credit card and cryptocurrencies such as Ethereum and Bitcoin. This platform is best suited for beginners that are ​looking for a simple interface that is easy to understand.

  • Minimum Deposit: $250
  • Payouts: 90% Max
  • Bonus: 20-100% Deposit Match
  • USA Friendly: Yes

​​8) ​​​​Binomo

​​Binomo is a binary options broker with a high-end trading platform with the ability to trade binary options, CFDs, Forex, and cryptocurrency. Binomo is based out of St. Vincent and the Grenadines and they are regulated by the IFC (International Finance Commission). Since Binomo is a Category A member of the IFC, they have deposit insurance of up to $20,000 for all clients.

Binomo doesn’t offer as many ​assets to trade ​compared to other brokers. Their standard account has 14 available ​markets to trade with up to 85% max payouts, while their VIP level offers 42 available ​markets with a max payout of up to 94%. VIPs also have extra perks such as 10% weekly cash back, deposit bonuses up to 100%, 1 hour withdrawals, and a personal account manager.

Overall, Binomo is a good binary trading platform but has limited assets compared to other brokers. Binomo does offer a demo ​with $1,000 in virtual funds if you want to give their platform a try.

  • Minimum Deposit: $10
  • Minimum Trade: $1
  • Payouts: 94% Max
  • USA Friendly: No

​9) ​​24Option

​24Option is a broker that is based out of Cyprus and regulated by the CySEC. When 24Option was established in 2020, they were primarly just a binary option platform. However, the company has shifted its focus to offering Forex and CFDs. 24Option has a large ​asset index that includes currency pairs, ​stocks, crypto, ETFs, and indices.

Advanced traders will be happy to know that 24Option has the MetaTrader4 platform, which is very popular for its charting functionality and financial analysis tools. MT4 offers immediate order execution and accurate pricing in real-time. 24Option has an extensive education library with daily market reports, fundamental analysis, webinars, eBooks, and trading guides.

24Option has 4 different account types which includes Basic, Gold, Platinum, and VIP. All account types get leverage up to 1:500. The basic ​level comes with floating spreads as low as 2.5 PIPS for EUR/USD and as low as 1.1 PIPS for VIP accounts. Platform also includes Stop Loss and Take Profit features to help minimize losses and maximize returns.

Overall, 24Option is a good broker if you’re looking for an advanced trading platform with CFD and Forex trading. This broker does not accept clients from United States, Europe​, Canada, Australia, China, Israel, Switzerland, Japan, New Zealand, Bahamas, Pakistan, North Korea.

  • Minimum Deposit: $250
  • Minimum Trade: $24

​10) ​​​​​​FinMax

​Finmax is a regulated binary options broker owned and operated by a company called Max Capital LTD. Located in Bulgaria and opened in 2020, Finmax is licensed and regulated by the FMRRC (Financial Market Relations Regulation Center) – a Russian regulatory body.

Finmax has an asset index of over 70 markets, as well as a favorable trading conditions such as instant order execution, no spreads, ​a free demo ​without limits, and 48 hour withdrawals. The Finmax trading software has a variety of expiry times, ranging from 30 seconds to 6 months. Finmax has several different platforms you can trade CFD or binary options with including Android, iOS, and Windows.

Finmax is one of the few brokers in the industry that have developed their own software for trading binary options, rather than relying on third party platforms such as SpotOption or TechFinancials. Their customer support team is very helpful and they provide 24/7 help via phone, email, or chat.

  • Min. Investment Amount: $5
  • Max Returns: 90%
  • Min. Deposit: $250

​1​1) ​​​​​​​Ayrex

​Established in 2020 and based out of Cyprus, Ayrex is ​one of the few unregulated brokers that exist in the industry. Ayrex offers binary option contracts on over 30 different underlying assets. Ayrex is an unregulated broker, but they’ve already applied for licensing from the CySEC (Cyprus Securities and Exchange Commission), which has yet been granted.

Ayrex specializes in short-term contracts with an expiry time​ as little as 30 seconds. Investors can expect maximum profits up to 85% on successful binary options trades. Ayrex does offer trading signals, which they claim have a 60% success rate. Their customer support team is also very helpful as well.

Overall, Ayrex might be suitable for some investors, but their ​small asset selection and lack of regulation should make traders hesitant. If you do decide to use Ayrex, make sure to take advantage of their free trading account so that you can practice trading binary options before depositing real money.

  • Maximum Profits: 85%
  • Minimum Investment: $5
  • Minimum Deposit: $25

​1​​2) ​​​​​​​​Nadex

​Nadex is a United States based binary options exchange located in Chicago, Illinois. Nadex is the only regulated broker that is licensed in the USA by the CFTC (Commodity Futures Trading Commission). Nadex offers trading platforms that allow you to take positions on short-term price movements in a variety of markets. You can choose between binary options, touch bracket, and call spread contracts. Due to regulatory rules set forth by the CFTC, the money you deposit must be held in segregated bank accounts to ensure your funds are safe and secure.

The Nadex Trader Platform lets you place orders directly to the exchange using their proprietary software. You can filter over 5,000 contracts daily by asset class, expiry time, and price. For binary options, Nadex charges a $1 trading fee per contract on each side of the trade, the entry and the exit.
In addition, Nadex charges a $1 settlement fee per contract for trades that expire “in the money”. However, there is no settlement fee if your binary options trade expires “outside the money”.

If you want to test-drive the Nadex platform, you can open a demo trading account with $25,000 in virtual money to practice with. For real accounts, the deposit requirement is $250 USD.

​Things To Consider When Choosing A Binary ​Trading Platform

​When you’re choosing a binary ​broker, you should consider certain factors before you commit. Each of these components affects your trading experience. Identify the ones that are most important to you, and find a broker who offers those features, before you sign up.

Mobile Trading Apps

​When it comes to binary options trading, it is essential that you have access to the markets from your smartphone or tablet. Most brokers offer free mobile apps that allow you to ​access the markets and execute trades from anywhere. Most binary options websites have information regarding their trading apps and which devices t​heir platform is compatible with​, such as Android or iPhone.

Asset​ Index

When choosing the best binary options provider, make sure to take into consideration which assets are available to trade. Most brokers list their asset index on their websites for everyone to see. The bigger their list of assets, the more opportunities you have to make a profit.

Most binary options brokers have at least 30-70 different markets that you can trade including Forex, commodities, stocks, and indices. However, some of the bigger brokers such as IQ Option and ExpertOption also have ETFs, CFDs, and Cryptocurrency as well.​

​Regulated Brokers

​Regulation and licensing is a key factor that you must consider before choosing the best binary options company to work with. Regulated brokers must follow certain requirements that help protect binary options traders in the event of a dispute. In additional, regulation ensures client funds are held securely in segregated bank accounts.

Although unregulated brokers have more risk associated with them, they do have some advantages such as the ability to offer sign-up bonuses to attract new traders. If binary options are prohibited in your region, such as Europe or India, using an offshore broker might be the only way to gain access to the binary options market.

The primary regulatory agencies include:

  • CySEC – The Cyprus Securities and Exchange Commission (Cyprus)
  • FSB – Financial Services Board (South Africa)
  • CFTC – Commodities Futures Trading Commissions (United States)
  • FCA – Financial Conduct Authority (UK)
  • ASIC – Australia Securities and Investment Commission

​Low Minimum Deposits

​If you’re just getting started with binary options trading, it may be a good idea to choose a binary option broker with a low minimum deposit. Some brokers allow you to open trading accounts with as little as $10, which is a great way to get started without risking a lot of money. Another thing to keep in mind is the minimum trade amount​, which can vary between platforms. BinaryCent currently has the smallest investment amount for individual trades, at just $0.10 per contract.

High Payouts

The higher the ​returns, the better. That’s the whole purpose of binary options trading, after all. Most ​brokers offer payouts between 50% and 100% when trading binary options. However, you’ll sometimes find one that says you can get up to 200% for a successful trade.

Before you sign up with a broker and invest your funds, know what you’ll be getting back for each successful trade. You don’t want to invest a lot of money and only get a little—or worse, none—back.

Binary Option Bonuses

​A binary options bonus is a way for some brokers to attract new customers. ​A bonus can come in several different forms including deposit match bonuses, sign-up bonuses, or risk-free trades. For deposit match promotions, most brokers provide match anywhere from 20-100% of your initial investment. ​​There are certain terms and conditions that have to be met before you can withdraw this money. For example, you can’t just sign up and then immediately withdraw your bonus funds. ​However, it’s still a great way to mitigate your risk and increase your profits.

Demo Accounts

​Binary option demo accounts allow you to explore the broker’s platform. You get a certain amount of virtual funds to use as you navigate the platform and learn how to predict the market.

You should also know how realistic the demo account is when compared to a live account. Demo accounts may not prepare you for the fast-paced, unpredictable nature of the real markets.

If a broker doesn’t offer a ​free demo, you may want to steer clear of them.

Social Trading

Social trading is even more helpful in learning the market than a demo account or educational materials. With social trading, you can observe VIP traders or friends as they trade assets.

Social trading can help you improve your technique by watching someone more experienced. If you emulate their methods and predictions, you have a higher chance of learning by example and improving your ​profits.

Binary Trading Signals

Not all brokers have binary trading signals or alerts, but they can be immensely helpful, especially for newer traders. These signals indicate the direction of a given market, giving you hints for getting an optimal payout.

Advanced brokers may not need binary trading signals, but beginners can benefit from them. Traders just starting out should look for a broker that offers this feature.

Final Thoughts

Choosing a binary options broker isn’t as simple as it may seem. It involves several crucial factors, and each broker offers something different. The ​top binary ​brokers go beyond the basics, so make sure you research your broker before you make your initial deposit.

Robert Wolfe is the founder and chief editor of Impact Investing Collaborative. Robert is an expert trader with over 10 years of experience trading binary options, Forex, and CFDs. He prides himself in providing accurate and in-depth reviews in order to help others find a trading platform that fits their needs. When Robert isn’t actively trading or managing Impact Investing Collaborative, he enjoys spending time with his 3 kids, playing golf, and spending time outdoors.

Welcome To Our Site!

My name is Robert Wolfe and I’m an online trader with over 7 years of experience trading financial instruments such as binary options, CFDs, forex, and stocks. I created this website to share my knowledge of the industry so you can avoid the same mistakes I’ve made.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

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How To Choose Binary Options Broker
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