The Best Binary Option Trading Platforms and Brokers of 2022
To assist you in selecting the ideal trading platform for you, we’ll review the top binary option brokers in this guide. Over 21 different binary brokers have been examined in-depth based on a range of criteria, including payouts, trading platforms, deposit options, features, regulatory status, and brand recognition.
It’s critical to realize that not every binary options trading platform is the same. While some binary options websites may offer excellent payouts, others may offer quicker withdrawal times or greater deposit bonuses. It generally boils down to what’s most essential to you when choosing a trading broker.
Our rankings of the best binary options trading brokers for 2022 are listed below.
Summary of Contents
Top 8 Brokers for Binary Options in 2022
1. Pocket Option – Best For USA Traders
2. The Best For Copy Trading Is BinaryCent
3. Best Bonuses at RaceOption
4. The best trading platform is IQ Option.
5. The Best For Beginners On Binary.com
6. The Best For Social Trading Is ExpertOption
7. Olymp Trade: The Best For Indian Traders
8. The Best Trading Tournament App Is Binomo
• Assets: Options, CFDs, and Forex
• Accepts Americans: Yes
1) Pocket Choice
• We Accept Traders From All Nations (Including US and UK)
• Simple Deposits and Withdrawals Using More Than 100 Different Payment Methods
• Trade More Than 100 Financial Assets With Up to 96% Payouts
• Social Trading: Copy the Trades of the Best Traders
Both new and experienced professional traders can take use of Pocket Option’s numerous great features. This trading platform ensures a wonderful user experience and is simple to use. Offering regulated services to customers, it can be found in over 95 countries and areas. At this time, Pocket Option has more than 20,000 active users every day and a day trading turnover of more over $5 million. To assist you understand more about the broker, the assets, the mobile apps, and how to set up a trading account, we demonstrate the various features you will find on the platform in this review.
A CFD and forex trading broker called Pocket Option is well-known for its binary trading options. For outstanding accounts, it provides a single size that can be used on two distinct trading platforms.
Since its 2017 entry into the binary options market, this Forex trader has established a reputation among investors and other brokers. Gembell Limited, which has its corporate offices in the Marshall Islands, is in charge of running it. Stocks, cryptocurrencies, and currency pairs are just a few of the more than 100 trading instruments offered by Pocket Option. The binary broker has created a user-friendly web-based trading interface.
• 96% is the maximum profit.
• Min. $50 as a deposit
• Min. Trade: $1
• Assets: more than 100 cryptocurrency, commodities, stocks, and currency pairs
Web, Android, iOS, and Windows are all supported.
2.Binarycent
• Guaranteed Processing of Withdrawals in One Hour
• 10 Cents or Less Per Trade
• Leverage as high as 1:100
• Deposit Match Bonus of 20 to 100%
Is Binarycent a trustworthy broker or a scam? – Read this review to learn more. Finding a reputable broker for Binary Options is difficult today because there are so many offers available, some of which are not always clear. Maintaining a reliable and secure broker is crucial. I’ll examine Binarycent in this review and provide accurate information about the terms and conditions for traders.
• $250 is the minimal deposit.
• $0.10 minimum per trade
• Assets: Options, CFDs, and Forex
• Accepts Americans: Yes
3) Nadex
In Chicago, Illinois, there is a binary options exchange called Nadex. The CFTC has granted a license to only one regulated broker in the United States, Nadex (Commodity Futures Trading Commission). Nadex provides trading systems that let you place bets on transient price changes across a range of markets. Binary options, touch bracket contracts, and call spread contracts are all choices. Your deposits must be stored in segregated bank accounts in accordance with CFTC regulations in order to keep your money safe and secure.
Using their in-house developed software, the Nadex Trader Platform enables you to make orders directly to the exchange. Every day, more than 5,000 contracts can be filtered by asset class, expiration date, and price. Nadex imposes a $1 trading fee per contract for each side of the trade, the entry and the exit, for binary options.
Additionally, for trades that “expire in the money,” Nadex levies a $1 settlement fee per contract. If your binary options trade expires “outside the money,” there is no settlement fee.
You can open a demo trading account with $25,000 in fake money to experiment with if you want to try out the Nadex platform. The minimum deposit for real accounts is $250 USD.
4. RaceOption
• Trade via a Mac, PC, tablet, or smartphone or from any other device.
• 100% Data Protection And Secured Trading
• One-Touch, 60-Second, and CFD Trades
• Processing Withdrawals in One Hour
Founded in 2014, RaceOption is a binary options broker with headquarters in the UK. RaceOption is one of the few businesses that accepts customers from the United States, Canada, and Australia and conducts more than 10,000 trades per day. There are no geographical limits on RaceOption.com.
RaceOption’s 1-hour withdrawals, 100% deposit bonuses, and weekend trading are its main selling factors. There are three versions of this trading platform: Web, Android, and iPhone. They provide CFD trading, one touch, 60 second, live charting, and immediate trade execution.
In general, RaceOption is a trustworthy broker that provides appealing rewards up to 90% and a selection of funding methods, including credit card and cryptocurrencies like Ethereum and Bitcoin. Beginners seeking an intuitive, straightforward interface are best suited for this platform.
• $250 is the minimal deposit.
• Maximum payouts: 90%
• Bonus: Deposit Match 20-100%
• Accepts Americans: Yes
5. IQ Option.
• Up to 95% Payouts on Binary Options
• From 60 seconds to the end of the month, the expiry times
• Trade CFDs on commodities, stocks, indices, ETFs, and cryptocurrencies.
• Technical Analysis, Indicators, Multi-Chart Layouts, and More
IQ Option is a broker with a Cyprus basis that is subject to CySEC regulation (Cyprus Securities and Exchange Commission). One of the most popular online trading platforms since 2013, IQ Option has over 43 million registered users, more than 1 million trades every day, and customers from more than 213 nations.
Out of all the brokers I’ve researched, IQ Option has the greatest trading platform. They provide more than 250 trading assets, including binary and digital options as well as CFDs on stocks, cryptocurrencies, commodities, and exchange-traded funds (ETFs). Their digital options provide return rates up to 900%, while their binary options pay up to 95% on profitable trades.
The IQ Option platform is accessible via their trading apps or the Web (Android, iOS, Mac, and Windows). $10,000 in fictitious money is accessible in free demo accounts for practice. Their software includes multiple chart layouts, financial indicators, technical analysis, and real-time notifications, among other features you might desire or expect. Additionally, they have a number of risk management tools, such as Stop Loss, Take Profit, Negative Balance Protection, and Trailing Stop.
IQ Option ought to be very towards the top of your list if you’re searching for the best binary trading platform.
• $10 is the minimal deposit.
• 95% Maximum Payout
• Min. Trade: $1
Notably, this broker does not accept customers from the US, Canada, the E.U., Japan, Israel, Australia, or Puerto Rico.
6. ExpertOption
• Globally Recognized Broker With Over 30,000,000 Clients
• 100% Welcome Bonus Up To
• Outstanding Platform With Weekend Trading and 24 Hour Trading
Tools for Technical Analysis: 4 Chart Types and 8 Indicators
Since 2014, ExpertOption has been a reputable broker, providing binary options on more than 100 different assets, including equities, cryptocurrencies, foreign exchange, and commodities. Saint Vincent and the Grenadines-based ExpertOption is governed by the FMRRC and VFSC (Vanuatu Financial Services Commission) (Financial Market Relations Regulation Center). This broker has over 32,000,000 registered users on its site and services clients from over 150 different countries.
With gains as high as 95%, ExpertOption provides some of the finest payouts on the market. They provide a very user-friendly interface that even experienced traders would find useful, with features like trend lines, 8 different indicators, and 4 different chart formats. Another service provided by ExpertOption is Social Trading, which enables you to trade binary options with your friends or follow other VIP traders to view their live transactions.
Over 20 different payment options are available through ExpertOption, including e-wallets, credit cards, cryptocurrencies, and bank transfers. The free demo is another feature that this binary options broker provides. Overall, ExpertOption is a choice worth taking into account if you’re seeking for excellent payouts and a reliable trading platform.
• Min. $10 as a deposit
• Min. Trade: $1
• Maximum Gain: 95%
The following countries are not permitted to use this broker’s services: the United States, Canada, the European Economic Area, Switzerland, Israel, New Zealand, Australia, Puerto Rico, Singapore, Bangladesh, Vanuatu, Yemen, and Sudan.
7. Olymp Trade
• International Financial Commission oversight
• Personal Manager Offering Individualized Coaching
• Available platforms: MetaTrader 4, Web, Android, and iOS
• Simple and fast withdrawals and deposits
A broker with a base in Cyprus, Olymp Trade is overseen by the International Financial Commission. This license guarantees that traders will receive complete support, deposit insurance, and quick resolution to any problems. Since entering the options market in 2014, Olymp Trade has continuously developed their platform. By the year 2020, Olymp Trade will have over 25,000 daily users.
Olymp Trade has a web-based platform and apps for iPhone and Android, just like the majority of the top brokers. You can trade with more than 75 different underlying assets through them. If you’d like to test-drive the Olymp Trade platform, demo accounts are available. Clients of this broker have access to a range of educational tools, such as trading methods, webinars, and more.
Customers from the European Economic Area, Australia, Canada, the United States, Japan, Israel, New Zealand, Russia, Spain, Sweden, and Switzerland are not accepted by Olymp Trade.
8. Binary.com
• Six Various Trading Platforms (Beginner and Advanced)
• Trading Everyday, Even on Weekends
Returns on Simple Rise/Fall Contracts Can Reach 100%
• Select Your Own Strike and Expiry Price
Binary.com is an online trading platform that allows customers to trade CFDs and binary options. This broker, which was established in 1999 and is owned by a business called Binary Group LTD, has more than 1 million registered users worldwide and is one of the oldest and most reputable names in the binary options trading market. Channel Islands, Malta, Saint Vincent and the Grenadines, Malaysia, British Virgin Islands, and Vanuatu are among the locations where Binary.com maintains offices. Binary.com is governed by the Labuan Financial Services Authority, the Malta Financial Services Authority, the British Virgin Islands Financial Services Commission, and Vanuatu Financial Services Commission.
You can use a variety of trading platforms at Binary.com, including:
• Deriv – A feature-rich, user-friendly platform that is the ideal choice for beginners.
• SmartTrader – Trade on the financial markets across the world using a straightforward and user-friendly web interface.
• Tick Trade Android App – Extremely quick trading while traveling.
• MetaTrader 5 – A cutting-edge multi-asset trading platform that supports binary options, CFDs, and forex.
• Binary WebTrader – An innovative binary options trading interface that allows you to simultaneously track the progress of your preferred markets.
• Binary Bot – Using a straightforward “drag and drop” bot development tool, you can automate your own trading techniques.
On simple rise/fall contracts, Binary.com’s return rates can surpass 100%, and on high/low and touch/no-touch trades, they can exceed 1,000%. All significant indices, commodities, currencies, and synthetic indices are available for trading, with expiry durations ranging from 10 seconds to 365 days. You can lock in your profit or reduce your loss by selling your contract before the expiration time at Binary.com. You may quickly and easily complete a trade using their straightforward UI.
In order to fund your account, Binary.com offers a wide range of payment options, including Visa, Mastercard, bank transfers, Skrill, Maestro, Neteller, Fasapay, QIWI, and many more. All capital placed is maintained in a secure financial institution in a segregated bank account to ensure trader safety.
Despite being the ideal option for beginners, Binary.com’s cutting-edge platforms contain enough functionality to satisfy even the most experienced traders.
Notably, consumers from the United States, Canada, and Hong Kong are not accepted by Binary.com.
9. Binomo
• Refund Rates As High As 90%
• International Financial Commission Category A Member
• Trading Competitions With Up to $40,000 in Prizes
• Personal Manager Is Included with Gold and VIP Accounts
Binary options, CFDs, forex, and cryptocurrencies can all be traded through the binary options broker Binomo’s sophisticated trading interface. The IFC oversees Binomo, which is situated in St. Vincent and the Grenadines (International Finance Commission). Because Binomo is a Category A member of the IFC, all client deposits are insured up to $20,000 with them.
In comparison to other brokers, Binomo doesn’t provide as many trading assets. Their VIP level offers 42 available markets with a maximum payment of up to 90%, compared to their normal account’s 14 available markets with maximum payouts of up to 85%. Additionally, VIPs receive benefits including 10% weekly cash back, 100% deposit bonuses, 1-hour withdrawals, and a dedicated account manager.
Binomo is an excellent binary trading platform overall, but it contains less assets compared to other brokers. If you wish to try out Binomo’s technology, they do provide a demo with $1,000 in fictitious funds.
• $10 is the minimal deposit.
• Minimum Trade: $1
• Maximum payouts: 90%
• Unfriendly to USA:
10. 24Option
• Trade forex and CFDs.
• The maximum leverage for all account types is 1:500.
• Support for MetaTrader4
• CySEC regulates this
Cyprus-based 24Option is a broker that is subject to CySEC regulation. Initially, 24Option was only a binary option platform when it was founded in 2010. The company now primarily focuses on providing Forex and CFDs, nevertheless. Currency pairs, stocks, cryptocurrencies, ETFs, and indexes are all part of 24Option’s extensive asset index.
Advanced traders will be pleased to learn that 24Option offers the MetaTrader4 platform, which is well-known for its financial analytical tools and charting capabilities. MT4 provides real-time pricing accuracy and quick order execution. With daily market reports, fundamental analysis, webinars, eBooks, and trading manuals, 24Option boasts a sizable library of educational materials.
The four main account kinds offered by 24Option are Basic, Gold, Platinum, and VIP. Leverage is offered to all account types up to 1:500. For EUR/USD trading, the entry-level level offers floating spreads as low as 2.5 PIPS, and as low as 1.1 PIPS for VIP accounts. To help reduce losses and increase profits, the platform also has stop loss and take profit capabilities.
If you’re looking for a sophisticated trading platform combining CFD and Forex trading, 24Option is a decent broker overall. Clients from the United States, Europe, Canada, Australia, China, Israel, Switzerland, Japan, New Zealand, Bahamas, Pakistan, or North Korea are not accepted by this broker.
• $250 is the minimal deposit.
• Minimum Transaction: $24
11. FinMax
Max Capital LTD owns and runs Finmax, a registered binary options broker that was established in Bulgaria in 2016 and is governed by the FMRRC (Financial Market Relations Regulation Center), a Russian regulatory organization.
Finmax offers favorable trading conditions like instant order execution, no spreads, a free demo with no restrictions, and 48-hour withdrawals in addition to an asset index of over 70 markets. Expiry times for the Finmax trading program range from 30 seconds to 6 months. With Finmax, you may trade CFDs or binary options on a number of different platforms, including Windows, Android, and iOS.
One of the few brokers in the market, Finmax, built its own binary options trading software rather than utilizing external platforms like SpotOption or TechFinancials. Their customer service representatives are incredibly helpful and are available via phone, email, or chat around-the-clock.
• Min. Amount Invested: $5
• 90% Maximum Returns
• Min. $250 as a deposit
12) Ayrex
One of the few unregulated brokers in the market, Ayrex was founded in 2014 and is situated in Cyprus. Over 30 different underlying assets are available for binary option contracts with Ayrex. Ayrex is an unregulated broker, although they have previously submitted an application for CySEC (the Cyprus Securities and Exchange Commission) licence; however, this application has not yet been approved.
Short-term contracts with expiration times as short as 30 seconds are Ayrex’s area of expertise. On profitable binary options transactions, investors can anticipate maximum earnings of up to 85%. Trading signals are a service that Ayrex does provide; they boast a 60% success rate. Their customer service representatives are also quite helpful.
Overall, Ayrex might be a good choice for some investors, but traders should be wary due to their limited variety of assets and lax regulatory environment. Take advantage of Ayrex’s free trading account if you do decide to use them so you can practice trading binary options before investing real money.
• 85% of maximum profits
• $5 for a minimal investment
Minimum Deposit: $25
What to Take Into Account When Selecting A Binary Trading Platform
Before choosing a binary broker, there are a few things you should think about. Your trading experience is impacted by every one of these elements. Before you sign up, decide which features are most important to you and look for a broker that offers them.
Trading apps for mobile
You must have access to the markets via your smartphone or tablet if you want to trade binary options. The majority of brokers provide a binary options app so you may access the markets and place trades from any location. The majority of binary options websites provide information about their trading apps and the devices—such as Android or iPhone—with which their platform is compatible.
Asset Count
Make sure to analyze the available trading assets while selecting the finest binary options provider. The majority of brokers publish their asset index on their websites for public viewing. There are more chances for you to profit the longer their list of assets is.
The majority of binary options companies offer trading in at least 30-70 different markets, including indices, equities, currencies, and commodities. However, a few of the more well-known brokers, including IQ Option and ExpertOption, also provide CFDs, ETFs, and cryptocurrency.
Licensed Brokers
Before selecting the best binary options company to work with, you must take into account regulation and license. In order to protect binary options traders in the event of a disagreement, regulated brokers are required to adhere to certain regulations. Regulation additionally makes sure that customer monies are maintained safely in segregated bank accounts.
Unregulated brokers have higher risks, but they also have some benefits, such the opportunity to provide sign-up bonuses to entice new traders. Using an offshore broker may be the only method to access the binary options market if binary options are outlawed in your area, such as in Europe or India.
The principal regulatory organizations are:
The Cyprus Securities and Exchange Commission is known as CySEC (Cyprus)
• Financial Services Board (FSB) (South Africa)
• Commodity Futures Trading Commissions (CFTC) (United States)
Financial Conduct Authority (FCA) (UK)
Australian Securities and Investments Commission (ASIC)
Minimal Deposits
It might be a good idea to select a binary option broker with a low minimum deposit if you’re just getting started with binary options trading. You may start trading with as little as $10 with certain brokers, which is a wonderful way to get started without putting a lot of money at risk. The minimum trade amount, which varies between platforms, is another consideration. At just $0.10 per contract, BinaryCent presently offers the lowest investment requirement for single transactions.
High Reward
Better returns are those that are higher. After all, that is the main goal of trading binary options. When trading binary options, most brokers give payouts between 50% and 100%. On occasion, though, you’ll come across one that promises you can earn up to 200% for a profitable trade.
Be aware of what you will receive on each profitable trade before you open an account with a broker and invest your money. You don’t want to invest a lot of money and receive little to no return on it, if not none at all.
Bonuses for binary options
Some brokers use a binary options incentive to entice new clients. A bonus can take many different forms, including as sign-up bonuses, deposit match bonuses, or risk-free trades. Most brokers will match somewhere between 20 and 100% of your first investment for deposit match campaigns. Before you can withdraw this money, a number of requirements must be satisfied. For instance, you cannot simply sign up and withdraw your free money right away. It’s still a fantastic strategy to lower your risk and boost your income, though.
Trial Accounts
You can examine the broker’s platform by using a binary option demo account. You are given a specific amount of virtual money to use while you explore the platform and develop your market-prediction skills.
Additionally, you want to be aware of how accurate the demo account is in comparison to an actual account. Demo accounts might not adequately prepare you for the quick-moving, unpredictability of real markets.
You might wish to avoid a broker if they don’t provide a free demo.
Public Trading
Even more beneficial for studying the market than a practice account or training materials is social trading. With social trading, you may watch professional traders or close friends transact with assets.
By seeing someone with greater experience, you can use social trading to get better at it. You have a better chance of learning from their mistakes and boosting your revenues if you adopt their strategies and forecasts.
Signals for binary trading
Binary trading signals and alerts are not offered by all brokers, but they can be quite useful, particularly for novice traders. These signals point to the market’s direction and provide guidance on how to achieve the best possible reward.
Binary trading signals may not be necessary for experienced brokers, but they might be useful for rookies. Beginner traders should look for a broker that provides this functionality.
Final Reflections
It’s not as easy as it may seem to select a binary options broker. Each broker has a unique offering, and it involves various important variables. Make careful to investigate your broker before making your initial deposit because the best binary brokers go above and beyond the fundamentals.