7 Best Binary Options Brokers For China in 2024

However, as time progresses and investments increase, it is expected that binary options trading will become as integral to China’s financial markets as other trading forms. China holds great potential for binary options trading, and as more countries adopt this practice, it is unlikely that this Asian powerhouse will be left behind.

While the brokers providing binary options trading services are few and far between in China, there are still many off-shore ones who are prominent in the country, as long as they adhere to the rules of the China Securities Regulatory Commission (CRSC).

Our review below shall give you a comprehensive guide on what to know about the top off-shore brokers in China. Read on.

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Top 7 Binary Options Brokers in China

1. Pocket Option — Best Binary Options Trading Experience
2. Quotex — Best Overall Binary Options Broker
3. Expert Option — Best Binary Options Broker For Beginners
4. Binomo — Trustworthy Binary Options Broker
5. Olymp Trade — Top Binary Options Broker
6. IQ Option — Best Binary Options Broker With Highest Leverage
7. Binarycent — Best Binary Options Broker With Copy Trading Features

Below is a table of top offshore binary options brokers with features tailored for traders in China.

Please note: Trading in binary options involves risk, and individuals should exercise caution and conduct thorough research before engaging in any financial transactions.

Pocket Option – Best Binary Options Trading Experience

Overview

Regulation 

Pocket Option, a part of Gembell Limited, was founded in 2017 and is registered in the Republic of the Marshall Islands. While it isn’t regulated by the CRSC, the broker is still available to Chinese traders.

Sign-up and Verification Process 

For Chinese traders keen on Pocket Option, here’s a simple guide to get started:

• Head to the Pocket Option website
• Select “Registration” on the top left-hand side
• Enter your email, password, promo code (if applicable)
• Click the agreement of Terms and Risk Statement
• Optionally, you can sign up via Facebook or your Google account

For verification purpose, you just need to do the following:

• Upload the requisite documents for identity proof
• Check your email for a verification link
• Wait for verification
• Once successful, your account is branded as verified

Pocket Option offers more than 100 trading assets, including forex pairs, cryptocurrencies, stocks, commodities, indices, digital options, etc. With this extensive range of assets, Chinese traders can diversify their portfolios and try out several investment opportunities.

It accepts multiple currencies like USD (United States Dollar), EUR (Euro), GBP (British Pound), AUD (Australian Dollar), CAD (Canadian Dollar), JPY (Japanese Yen). Also, it accepts cryptocurrencies like Bitcoin (BTC), Tether (USDT), Litecoin (LTC), amongst others. Each crypto has a minimum deposit amount and a duration for when it would reflect in your account.

Trading Platform

Web

Pocket Option offers an intuitive and user-friendly web trading platform, suitable for Chinese traders. On it you can create a demo account to become familiar with the platform without risking real funds.

It is integrated with MetaTrader 5 which facilitates automated trading, and the platform is also enhanced with technical indicators and analysis tools, assisting traders in diversifying their strategies. This ensures an engaging and efficient trading experience, keeping in mind the preferences and sensibilities of the Chinese audience.

Mobile App

• Android: Available ✅️
• iOS: Available ✅️

The Pocket Option mobile app, available for both iOS and Android devices, reflects its web counterpart’s capabilities. It has a user-friendly interface, educational resources, customer support and a Social Trading feature that enables traders to copy the strategies of other successful traders.

Additionally, it incorporates both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for a comprehensive trading experience.

Features

The following are features of Pocket Option:

Deposit

The Deposit section enables Chinese users to fund their trading accounts.

Withdrawal

The Withdrawal section shows how to and how much you can withdraw your funds.

History

The History section shows a record of your trading transactions, including your deposits, withdrawals, account statement, etc.

Cash back

The Cash back section enables you to receive up to 10% of your lost funds every month.

Promo codes

The Promo code section provides you with the chance to redeem promo codes for several bonuses and discounts.

My Safe

The My Safe section is all about the safety of your account and funds.

Summary

Quotex – Best Overall Binary Options Broker

Overview

Regulation

Quotex, established in 2019 and headquartered in Seychelles, is affiliated with the International Financial Market Relations Regulation Center (IFMRRC). The platform offers a range of assets for trading, a user-friendly one-click trading feature, attractive payout rates, and various options for fund deposits and withdrawals.

However, it’s important to note that while Quotex operates in compliance with regulations, it isn’t licensed by the CRSC.

Sign-up and Verification Process

This is what you need to get started with Quotex:

• Navigate to the website
• Select the “Sign up” situated at the top right-hand side
• Enter your details – email, password, and country of residence
• Click to accept the terms
• Click on “Sign up”
• Alternatively, consider using your Google account or Facebook account for registration

After registering and logging in to your account, you need to verify it:

• Enter the required info about your identity
• Upload your identification documents
• Submit the info for verification
• Follow up for any additional information

Trading Platform

Web

Quotex’s web platform has an intuitive interface, providing a wide range of trading assets, technical indicators, multiple payment options, and various currency support. Chinese traders receive a special offer: a $10,000 demo account and an instructional video. Plus, there’s a 30% bonus on deposits.

Mobile App

• Android: Available ✅️
• iOS: Not Available ❌

Available for only Android, but not iOS, the Quotex app is efficient and simple to navigate. It mirrors the web platform, ensuring a smooth trading experience.

Features

The following are features of the Quotex trading platform:

Deposit

Here, you can add funds to your account for trading via different payment methods.

Withdrawal

The Withdrawal section allows you to take your funds out of your trading account.

Transaction

In this section, you can deposit and withdraw funds easily.

Trades

In this feature, there are different financial instruments, trading strategies and risk management tools for trading.

Account

Here, you can see various account types and options for use.

Analytics

Here, you can add funds to your account for trading via different payment methods.

Tournament

The tournament section shows a trading competition that all clients can compete in.

Market

This section offers various functionalities to assist in your trading journey.

Summary

Expert Option – Best Binary Options Broker For Beginners

Overview

Regulation

Founded in 2014, with its base in Kingstown, Expert Option operates under the Vanuatu Financial Service Commission (VFSC). It is worth noting that the broker is not regulated by the CRSC.

Sign-up and Verification Process

Signing up on Expert Option is relatively straightforward. Follow these steps:

• Head over to the Expert Option website
• Click on “Open an Account”
• Fill in the necessary details – email, password, full name, number, and account currency type.
• Agree to the Terms and Risk Statement
• Alternatively, you can sign up via Facebook, your Google account, or Apple ID.

To verify your account on Expert Option, you need to do the following:

• Fill in your profile details
• Submit an identification card
• Wait for verification

Trading Platform

Web 

Expert Option has an easy-to-use web platform that offers high-quality educational material, enabling clients to use appropriate analytical trading tools. Eschewing the popular MetaTrader 4 and MetaTrader 5, it has its built-in platform, with corresponding integrated features. It allows you to open six different account types in addition to a demo account.

Mobile App

• Android: Available ✅️
• iOS: Available ✅️

Expert Option provides full access to mobile apps for both Android and iOS devices for Chinese traders. The mobile version has a user-friendly interface, with access to multiple trading assets, educational resources and provision of a demo account.

Features

These are features of Expert Option as seen on the platform:

Deposit

The Deposit section enables Chinese users to fund their trading accounts with real money.

Payment history

This section helps you to track your financial transactions and activities.

Withdrawal

Here, you get to access your funds from your trading account.

Summary

Binomo – Trustworthy Binary Options Broker

Overview

Regulation

Binomo, established in 2014 by Dolphin Corp, is based in St. Vincent and the Grenadines. While the broker is regulated by the International Financial Commission (IFC), it does not have any license from the CRSC.

Sign-up and Verification Process

Joining Binomo is straightforward. Here’s how:

• Go to the Binomo website
• Select “Sign up”
• Fill in the necessary details – email, password, and account currency type
• Accept the terms
• Finalize by clicking “Create an account.”
• Alternatively, you can sign up via Facebook or your Google account

To verify your Binomo account, follow these steps:

• Log in to your account
• Navigate to the “Verify” option on your profile picture
• Complete the identity verification
• If required, verify your bank card too
• Wait for confirmation

Trading Platform

Web 

Binomo provides a secure trading platform utilizing the SSL protocol. In addition, it provides more than 20 different graphical tools for efficient trading analysis. It offers a robust demo account with non-stop trading action for Chinese traders, even on the weekend, with responsive customer support.

Impressively, the broker has around 887,470 daily active traders and 30 million successful weekly trades. It offers the standard High/Low trade and Turbo trade. Furthermore, it has a varying selection of bonuses, from 20% to 100% based on the initial deposit. Here’s a glimpse of the account types:

Mobile App

• Android: Available ✅️
• iOS: Available ✅️

Binomo offers a user-friendly app for both Android and iOS. It mirrors the web version, with a user-friendly interface, easy accessibility and asset variety providing an efficient trading experience for Chinese traders.

Features

The following are features of the Binomo trading platform:

Deposit

In this section, you get to add funds to your account for trading via multiple payment options.

Withdraw

The Withdraw feature is for withdrawing funds out from your trading account.

Transaction

Here, you get to deposit and withdraw funds on the trading platform.

Statuses

This feature refers to the four different statuses on the platform: Free, Standard, Gold, and VIP.

Summary

Olymp Trade – Top Binary Options Broker

Overview

Regulation

Olymp Trade was founded in 2014 and is headquartered at St. Vincent and the Grenadines. It has regulation from the International Financial Commission (IFC) but doesn’t have from the CRSC.

Sign-up and Verification Process

Signing up on Olymp Trade is straightforward. Follow these steps:

• Visit Olymp Trade website
• Click “Registration” at the top right-hand side
• Enter your email and password
• Accept the terms
• Click “Register”
• Alternatively, you can sign up via Facebook, your Google account, or Apple ID.

To verify your account, do the following:

• Log-in to the Olymp Trade website
• Go to the profile settings
• Follow the steps of verification
• Follow up on it

Trading Platform

Web

Olymp Trade’s web platform has a 24/7 user-friendly and intuitive interface helps users easily trade, analyze prices, manage positions, and handle funds. The clear charts display amounts and timings, enhancing the user experience.

A prominent figure in binary options, Olymp Trade offers a variety of trading assets and accepts multiple payment methods. Beginners can benefit from a demo account and trading resources. The web platform also provide robust customer support in multiple languages through email, calls and chats.

Chinese traders have two main account options:

Mobile App

• Android: Available ✅️
• iOS: Available ✅️

Olymp Trade’s mobile app can function on both Android and iOS devices, ensuring a smooth trading experience for Chinese traders.

Features

The following are features of the Olymp Trade trading platform:

Trades

This feature is a trading mode that enables traders to focus solely on predicting the direction of an asset’s price movement within a particular period.

Market

This section is like a store where traders can access various tools, strategies and educational resources to assist their trading journey.

Event

Here, you can get promotional events and tournaments to intensify your trading experience.

Help

The Help feature helps you with support in several aspects of trading.

Summary

IQ Option – Best Binary Options Broker With Highest Leverage

Overview

Regulation

Founded in 2013, IQ Option has its registration

in Antigua and Barbuda. Boasting over 50 million users in over 300 markets, its global reach is undeniable. However, it’s important to note that the CRSC has not sanctioned IQ Option to offer investment services in China.

Sign-up and Verification Process

Signing up on IQ Option is straightforward. Follow these steps:

• Head to the website
• Click “Sign up” on the top right-hand side
• Enter your email, password, and country of residence
• Click to accept the terms
• Click on “Sign up”
• Also, you can sign up via your Google account or Facebook

To verify your account on IQ Option, you need to do the following:

• Head to the website
• Fill out the verification form
• Offer a proof of identification
• Verify your personal info
• Follow up on the process

Trading Platform

Web

IQ Option’s web user-centric platform provides essential trading tools like economic calendars, multi-chart layouts, technical analysis, stock screeners, market updates, and volatility alerts. Also, it lets Chinese traders trade various financial assets such as 182 stocks, 31 forex, 26 cryptocurrencies, 9 commodities, 12 indices, 22 ETF.

This wide range enables them to diversify their trading portfolio and strategies to navigate market conditions effectively. Its trading platform is available in 13 languages for easy navigation and understanding.

Mobile App

• Android: Available ✅️
• iOS: Available ✅️

IQ Option’s mobile app is compatible with both Android and iOS devices. It has a user-friendly design, intuitive interface and is accessible for traders of all experience levels. On it, Chinese traders can trade various financial instruments and utilize both demo and real accounts.

Features

The following are features of IQ Option:

Personal

The Personal section refers to the parts of your account that are tailored to your taste.

Verification

Here, you are concerned with confirming and authenticating your account.

Portfolio

The Personal section refers to the parts of your account that are tailored to your taste.

Withdraw

The Personal section refers to the parts of your account that are tailored to your taste.

Balance

This section is concerned with risk management as regards trading.

Trading

In this section, you’re exposed to various financial instruments, like stocks, ETFs, Forex, etc.

Customer Support

Here, you get assistance on any questions, concerns, and issues relating to your trading experience.

Summary

Binary Cent – Best Binary Options Broker With Copy Trading Features

Overview

Regulation

Launched in 2017, Binarycent is operated by Finance Group Corporation based in Majuro, Marshall Islands. It is overseen by the Vanuatu Financial Services Commission (VFSC), not the CRSC.

Sign-up and Verification Process

To join Binarycent, do the following:

• Visit the Binarycent website
• Click “Open an Account”
• Fill in your details – email, password, full name, number, and account currency type.
• Click the agreement of Terms and Risk statement.

To verify your account, you have to follow these six steps:

• Login to your Binarycent account
• Click “Settings” and navigate to “Personal data.”
• Choose which ID type you want to use – front or back
• Sign the agreement
• Click the chat in the bottom right corner
• Type “Hello, please verify my account”

Assets and Transactions

Binarycent offers a range of trading assets such as Forex pairs, commodities, stocks, cryptocurrencies, etc., for Chinese traders to utilize in their dealings.

Trading Platform

Web

Binarycent has a proprietary web-based platform for binary options trading. It provides account bonuses based on initial deposits and has varied trading products for Chinese traders to make use of.

Mobile App

• Android: Available ✅️
• iOS: Not available ❌

Binarycent offers a highly-rated mobile app for only Android devices, available for download from the Google Play Store. Unfortunately, it is not yet available for iOS users.

Features

The following are features of Binary Cent:

My Trades

This is a section where traders can review their trade history on the platform.

Turbo Savings

This section talks about how you can earn from your savings.

Copy trading

This section allows you to automatically copy the trades of other users of the platform.

Live trades

The Live Trades section offers real-time binary options trading with effective risk protection.

Trading contest

It is a competition that automatically incorporates all trading accounts, and offers you the chance to win prizes

Market analysis

This feature is for analyzing several financial markets for trading.

Help center

The Help Center section provides educational resources, trading guides, etc, all to assist traders, so they can utilize the platform effectively.

Trading stats

Here, you get information about your trading statistics like performance metrics and your trader profile.

Marketplace

The Marketplace section shows where you can get free bonuses and other upgrades to elevate your trading experience.

Invite a friend

The Invite a friend section enables you to invite friends and family members to join the platform.

Summary

Closing Thoughts

China has the potential to be a major hub of binary options trading in Asia, and the world at large. With more time, investments and clarity from the CRSC, there should be a considerable increase in the binary options market in the country. If you are interested in it, the aforementioned brokerages are your best bet as a Chinese trader.