Top 7 Binary Options Brokers for Philippines Traders in 2024

1. Quotex— Overall Best Binary Broker in the Philippines with the highest positive ratings, and reviews.
2. Pocket Option — Most Inclusive Binary Options Brokers For Filipinos.
3. IQ Option — Beginner Friendly Binary Options Broker for the Philippines.
4. Deriv (Binary.com) — Most Trusted Binary Options Broker
5. IQCent — Innovative Binary Options Broker for Experienced Traders
6. ExpertOption — Best Binary Options Broker for Beginners
7. FxPro – Best regulated Binary options for Philippine traders.

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Top 7 Binary Options Trading in the Philippines

Binary trading has become increasingly popular because of the little barrier of entry and the potential to make huge profits. As good as it is, it has not yet been legalized in some countries like the Philippines.

In the Philippines, Binary options trading is illegal and strictly prohibited by the Securities Regulation Code, but Filipinos still trade Binary options by taking advantage of Binary trading brokers. Below is a table of the top 6 binary options brokers for the Philippines traders.

Please note: Trading in binary options is risky. Individuals are advised to exercise caution and conduct thorough research before engaging in any financial transactions on any trading platform.

Quotex— Overall Best Binary Broker in the Philippines

Founded in 2019, Quotex is a top choice for beginners and professional traders looking to trade a wide array of assets. Regulated by the International Financial Commission (IFC), it is equipped with industry-leading features like an inbuilt trading signal that is 87% accurate, a trading indicator, and an intuitive interface, making it a popular choice for the Philippines and traders globally.

Sign-up and Verification Process

Signing up for a Quotex account in the Philippines is simple. There are three methods for signing up. You can sign up using your email and password or using your Google or Facebook account.

To sign up, Visit the Quotex website and enter your email, password, and currency preference. If you do not want to register using this method, you can register using your Google or Facebook account. After registration, a verification link or code will be sent to your email.

Next, complete the verification by uploading the required documents for identification (e.g., passport, driver’s license, national ID) and proof of residence (e.g., recent utility bill or bank statement). Once the documents are uploaded, hit the “Submit” button. Then, wait. The Quotex team will review them within a few business days for compliance and accuracy.

Trading Platform

Quotex is a top-rated trading platform in the Philippines for Binary Options. It is easy to use and has lots of deposit and withdrawal options. It offers a demo account of $10,000 that allows users to practice and learn the ropes before actually trading. Traders also have the opportunity to use advanced analytical tools and signals that make their trading journey smooth.

Trading Features

Whether as a first-time user or have tried out multiple trading apps, you should expect certain features on Quotex which include:

• Deposit
• Withdrawal
• Tournament
• Account Analytics
• Trades — to monitor trades.
• Live Chart
• Leaderboard

Besides the features listed above, you’ll have access to multiple other features that make Quotex more interactive to use for you.

Mobile App

• Android: Available ✅️
• iOS: Unavailable

Quotex offers Philippine traders a mobile platform for Android, enabling users to access their accounts on the go.

Asset And Instruments

Pocket Option: Most Inclusive Binary Options Brokers For Filipinos

Pocket Option is one of the leading binary options brokers for Filipinos to trade with multiple assets with several features to make trading easy such as no commission on deposits and withdrawals.

Pocket Options is the International Financial Market Relations Regulation Center (IFMRRC). Payout on the Pocket Option is 98% which is comparable to many Binary options brokers available in the Philippines.

Sign Up and Verification

Signing up and verifying your account on Pocket Option as a Filipino is an easy process. When signing up, you can simply provide an Email Address, Password, and promo code (if you have any), and agree to the terms and conditions or you register with your Facebook or Google account.

The latter is the preferred option for many Filipino traders. For verification of your Pocket Option account as a Filipino, you’ll need to provide your government-issued identification documents and some other necessary details, the verification process takes less than a day or more depending on how quickly it gets attended to.

Trading Platform

The Pocket Option remains one of the best trading apps available among Philippine brokers. It offers not just simplicity but an easy-to-use design.

Some of the core features of the platform include access to over 100+ trading instruments, a $50,000 demo trading account to experiment and build trading strategies, multiple payment options, and no commission on deposit and withdrawals.

Trading Features

You’ll find several features when you register on Pocket Option when you register as a trader on the app. This includes:

• Social/copy trading
• Trade Management
• Trading Chart
• Trading Indicators
• Markets
• Achievement
• Finance
• Profile management

Mobile App

Android: Available ✅️

iOS: Available ✅️

The Pocket Option App is available on both Android and iOS devices for Filipino traders interested in trading binary options from their mobile devices. This process is also streamlined as you’ll have it on the desktop and web view.

Asset And Instruments

IQ Option — Beginner Friendly Binary Options Broker for Philippines

Founded in 2013 by Andrey Lopatin and Roman Shaykov, IQ Option is an online trading platform that allows users to choose from over 300 assets. Based in Cyprus and regulated by its Cyprus Securities and Exchange Commission (CySEC), IQ Option caters to millions across 178 countries with over 1 million active users and over $ 10 million monthly withdrawals.

The investment platform is easy to use and highly intuitive, with top-notch trading instruments and analytics tools.

Sign-up and Verification Process

Signing up with the IQ Option is simple and secure. Visit IQ Option’s website. Follow the prompt by providing your email and setting your password. Then, start the verification process after creating your account.

Follow the prompt again by inputting your details, including your name, address, financial background, and trading experience. Providing these details will help IQ Option to customize its service and make your trading experience seamless.

Next, upload your passport, ID card, driver’s license, or residence permit to verify your identity. Then, provide a document like a bank statement, utility bill, municipality-issued address confirmation, or tax statement to confirm your address. After submitting your documents, wait for IQ Option to review them. They usually complete their review within a business day.

Trading Platform

IQ Option is one of the popular binary options brokers in the Philippines due to its user-friendly interface and other extensive features like fast and convenient withdrawals with top-notch analytical tools that equip traders and enable them to make informed moves.

It is also very beginner-friendly. Its design is straightforward, and it offers free education to all users.

Trading Features

After trying out the IQ Option, one thing is certain, which is that there are several interactive features on the app. I’ll list some of them below:

• Multiple Chart types
• Technical Trading Indicators
• Demo trading
• Trading Alert
• Education section
• Trading monitor
• Deposit
• Withdrawal
• Multiple trading zones.

Mobile App

• Android: Available ✅️
• iOS: Available ✅️

The broker has a highly-regarded mobile trading platform that offers over 300 assets on the web platform, including currencies, indices, commodities, and stocks; it enables trading of shares, oil, gold, and more on one platform.

Assets And Instruments

Deriv (Binary.com) — Most Trusted Binary Options Broker

Established in 1999, Deriv is a binary options broker catering to the needs of 2.5 million traders globally.

Sign-up and Verification Process

Creating a Deriv account is simple using your email, Google, Facebook, or Apple ID. Usually, it is best to start our first with a Demo account. That way, you will get acquainted with the platform and familiarise yourself with its features before you start real trading.

When you’re ready to trade, you can create an account, choosing a base currency like USD, GBP, EUR, or AUD, as Deriv doesn’t support Philippine pesos. Make sure that you complete the verification process in order to start trading on Deriv.

Trading Platform

Deriv.com offers numerous secure features like automated trading and the Trailing SP/TP option. In addition, expert consultations are available. All of these make your trading journey seamless.

Trading Features

One of the best parts of Deriv is the completeness of its app, you’ll find features that allow you to ensure maximum output on your trades. You’ll find the following:

• Trades — to monitor open order, active positions, overview, etc.
• Copy Trade — to get involved in social trading.
• Well-customized chart.
• Trading Indicators.
• Multiple time frames and trading action.
• Watch list.
• Find and add symbols.
• Price Alert.
• Deposit.
• Withdraw.

Mobile App

• Android: Available ✅️
• iOS: Available ✅

Deriv is available for Android and iOS users regardless of their experience with trading.

Assets And Instruments

IQCent — Innovative Binary Options Broker for Experienced Traders

IQcent is a global Binary options that was established in 2017 in the Marshall Islands. It has over 100 tradable assets, while serving millions of users.

Sign-up and Verification Process

IQcent offers four account types: Bronze, Silver, Gold, and VIP. The benefits varies for each level of account.

To sign up, simply provide your email, phone number, name, and choose an account currency.

To guard against fraud, users(traders) are required to go through a thorough verification process in the ‘My Account’ section. Part of the requirements involves uploading a valid ID, such as a Passport or Driver’s License, and a selfie with the ID. This helps to ensure the identity of account holders.

Trading Platform

The broker offers traders a comprehensive platform laced with a variety of features.

Trading Features

On IQ Cent, you’ll find several features:

• Turbo Saving
• Contest
• Analysis
• Marketplace
• Live Chat
• Chart interface
• Info Base
• Demo trading

Mobile app

• Android: Unavailable ❌️
• iOS: Unavailable ❌️

IQCent has no mobile app, but its website is optimized for mobile phone users. Traders can access their accounts, monitor and manage their portfolio, and the platform using mobile phones without experiencing any hitches.

Assets And Instruments

ExpertOption — Best Binary Options Broker for Beginners

Registered in the U.K in 2015, ExpertOption is a binary options broker ideal for beginners, and also suitable for experienced traders.

Sign-up and Verification Process:

Visit the ExpertOption website and enter your email and set up your password. Once you complete this, you have created an account.

However, verification is necessary for account verification. This means uploading a valid government-issued ID like a passport or driver’s license. A recent utility bill or bank statement is also required for address confirmation. To upload, go to account settings and select the “Verification” tab. Follow the prompt and upload the required documents successfully.

Trading Platform

ExpertOption’s platform is user-friendly and easily navigated by users. It works perfectly on desktop and mobile devices, allowing users to access their accounts from any device on the go. It offers educational content and powerful analytical tools that enable traders to make informed choices.

Trading Features

Expert Option has simplified trading for many traders regardless of the level of experience, some of the features you’ll find include the following:

• Easy to navigate trading instruments.
• Deposit and Withdrawal.
• Demo trading
• Trading community
• In-chat virtual support
• Educational library.
• 4-chart types
• Multiple trading indicators, etc.

Mobile App

• Android: Available ✅️
• iOS: Unavailable ❌️

The ExpertOption has a mobile app available for Android users. It does not have a mobile app that supports the iOS operating system.

It offers traders a wide array of stocks and over 100 assets, allowing them to diversify their portfolios.

Assets And Instruments

Final Thoughts

Regardless of the growing popularity of binary trading and its benefits to traders, the Securities Regulation Code has maintained its stance of non-acceptance. Despite this stance, Filipinos leverage several brokers to engage actively in binary trading, even though it is at their own risk.

To further guide you in making an informed decision, we’ve compiled two additional resources for your convenience.

1. Top Binary Options Brokers Reviewed:

Navigate through our comprehensive table, which breaks down 118 brokers. Whether you prioritize regulatory security or diverse trading platforms, this table will provide a broad overview.

2. Binary Options Brokers Compared:

For those particularly interested in the financial aspects of their potential broker, our second table compares 120 brokers. This can be especially helpful if you’re working within a specific budget or looking for specific trading conditions.

Broker	Min. Deposit	Min. Order	Leverage	Rating	Margin Trading	Guaranteed Stop Loss
1.	$5	$1	Up to 1:100	-	No	No
2.	$10	$1	Up to 1:1000 for forex, varies for other instruments	4	Yes	No
3.	100 USD	0.01 Lot	up to 1:1000	3.7	No	No
4.	$100	0.01 Lot	Up to 1:500	-	Yes	No
5.	$10	$1	Up to 1:500	-	Yes	No
6.	$25	$1	N/A	2.3	No	No
7.	$100	0.01 lots	Up to 1:30 for retail clients, 1:300 for professional clients	-	Yes	Yes
8.	$5	Not specified	Up to 1:1000	4	No	No
9.	5 USD	0.5 USD	Up to 1:1000	4.4	Yes	No
10.	$10	$1	Up to 1:500	4.1	Yes	No
11.	$10	$1	Up to 1:1000	4.2	Yes	No
12.	$10	$1	Up to 1:400	-	Yes	No
13.	$200	Varies by asset	Up to 1:30 for retail clients, higher for professional clients	4.2	Yes	No
14.	Not available	Not available	Not available	2.5	No	No
15.	$100	0.01 Lot	Up to 1:30 for retail clients, 1:500 for professional clients	1.6	Yes	No
16.	$250	Not specified	Up to 1:1000	2.8	Yes	No
17.	$1	0.01 Lot	up to 1:3000	-	Yes	No
18.	$100	0.01 Lots	Up to 1:400	4.7	Yes	No
19.	$250	0.1 lot	up to 1:100	1.5	Yes	No
20.	$200	0.01 lots	Up to 1:500	4	Yes	No
21.	100 USD	0.01 lots	up to 1:200	3.4	Yes	No
22.	$100	0.01 lots	up to 1:500	1.5	Yes	No
23.	$100	0.01 Lot	Up to 1:300	4.1	Yes	No
24.	$200	0.01 lot	Up to 1:500	3.8	Yes	No
25.	$1	0.01 Lot	Up to 1:1000	3.3	Yes	No
26.	$5	0.01 lots	up to 1:888	3.8	Yes	No
27.	$200	0.01 lots	up to 1:2000	-	Yes	No
28.	100 USD	0.01 of the lot	up to 1:30 for retail clients, up to 1:600 for professional clients	3.9	Yes	No
29.	100 USD	0.01 Lot	Up to 1:500	1.8	Yes	No
30.	250 USD	1 USD	1:50	2.4	No	No
31.	$250	$1	1:1	1.7	No	No
32.	$1	0.01 Lot	Up to 1:1000	3.8	Yes	No
33.	$10	$1	None	3.8	No	No
34.	$20	0.01 lots	up to 1:300	3.3	Yes	No
35.	$250	0.01 lots	Up to 1:30 for retail clients, 1:200 for professional clients	3.9	Yes	Yes
36.	$10	0.01 Lot	up to 1:1000	2.7	Yes	No
37.	$100	0.01 lots	Up to 1:500	4.4	Yes	No
38.	$100	0.01 Lot	Up to 1:300	4.1	No	No
39.	$10	0.01 lots	Up to 1:2000	3.8	Yes	No
40.	$50	0.01 lots	Up to 1:400	-	Yes	No
41.	$100	0.01 Lot	Up to 1:300	3.4	Yes	No
42.	100 USD	0.01 Lot	Up to 1:500	4.2	Yes	No
43.	-	0.01 Lot	Up to 1:500	4	Yes	No
44.	$100	0.01 Lot	Up to 1:30 for retail clients, up to 1:200 for professional clients	2.1	Yes	No
45.	10 USD	0.01 Lot	up to 1:2000	2.5	Yes	No
46.	$1	0.01 Lot	up to 1:1000	3	Yes	No
47.	$100	0.01 lots	up to 1:500	3.8	Yes	No
48.	$50	0.01 lots	Up to 1:200	4.7	Yes	No
49.	$0	0.01 micro lots	Up to 1:50 for US clients, varies for other regions	3.4	Yes	No
50.	N/A	N/A	N/A	4.4	No	No
51.	100 EUR/USD/GBP	0.01 lots	Up to 1:200	3.6	Yes	No
52.	100 USD	N/A	Up to 1:1000 (Varies by broker and regulation)	3.6	Yes	No
53.	$500	Not specified	Up to 6:1 for day trades, 2:1 for overnight positions	3.2	Yes	No
54.	0 GBP	0.01 lots	Up to 30:1 for retail clients, up to 500:1 for professional clients	4	Yes	Yes
55.	$500	Varies by asset	Up to 1:50 for stocks, varies for other instruments	4.5	Yes	No
56.	$200	0.01 lots	Up to 1:500	4.8	Yes	No
57.	Variable depending on account type and region	0.01 lots	Up to 1:1000	3.2	Yes	No
58.	$200	0.01 lots	Up to 1:30 for retail clients, up to 1:500 for professional clients	3.9	Yes	No
59.	$100	0.01 lot	Up to 1:400	4.3	Yes	Yes
60.	$0 for Standard Account, $500 for ThinkZero Account	0.01 lots	Up to 1:500 for Forex	4.3	Yes	No
61.	100 GBP	0.01 lots	Up to 1:30 for retail clients, up to 1:300 for professional clients	1.9	Yes	No
62.	$0	Not specified	Not applicable for U.S. based investment brokers	1.2	Yes	No
63.	$0	N/A	Up to 1:50 for Forex (for professional clients)	1.2	Yes	No
64.	$0 for IBKR Lite, $100 for IBKR Pro	No minimum order size	Up to 1:50 for stocks, varies for other instruments	3	Yes	No
65.	$50	0.01 Lot	Up to 1:500	4.3	No	No
66.	$500	0.01 lots	up to 1:30 for retail clients, up to 1:200 for professional clients	3.1	Yes	No
67.	$100	0.01 Lot	up to 1:1000	3.1	Yes	No
68.	$500	0.01 lots	Up to 1:400	1.3	Yes	No
69.	$10	0.01 Lot	up to 1:1000	4.4	Yes	No
70.	$0	Not specified	Up to 1:50 for stocks	1.1	Yes	No
71.	$500	Not specified	Up to 1:50 for stocks	1.1	Yes	No
72.	No minimum deposit	0.01 lots	Up to 1:500	2.6	Yes	No
73.	$10	0.01 Lot	up to 1:1000	3.4	Yes	No
74.	$1	0.01 Micro Lot	Up to 1:2000	4.6	Yes	No
75.	$200	0.01 Lot	up to 1:100	3.5	Yes	No
76.	10 USD	1 USD	1:100	3.4	No	No
77.	100	0.01	Up to 1:200	-	Yes	Yes
78.	-	-	-	1.5	No	No
79.	$2,000	Varies by asset class	Up to 1:30 for retail clients, higher for professional clients	3.7	Yes	No
80.	500 EUR	0.01 lots	up to 1:200	3.4	Yes	No
81.	$50	0.01 Lot	Up to 1:1000	2.3	Yes	No
82.	1000 CHF or equivalent	Not specified	Up to 1:100 for Forex	3.4	Yes	No
83.	100 USD/EUR/GBP	0.01 lot	Up to 1:800 (varies by instrument and regulatory requirements)	-	Yes	Yes
84.	$100	0.01 lots	up to 1:500	3.7	Yes	No
85.	$200	0.01 Lot	Up to 500:1	3.5	Yes	No
86.	$25	0.01 Lot	up to 1:1000	-	Yes	No
87.	$100	0.01 lots	Up to 1:500	3.4	No	No
88.	$1	0.01 Lot	up to 1:1000	1.9	Yes	No
89.	10 OPEX (Kyrgyzstani Som)	-	Up to 1:3000 (unverified, reported on forums)	-	Yes	No
90.	$50	0.01 lot	up to 1:500	-	Yes	No
91.	10,000 USD	Not specified	Up to 1:50	2.5	Yes	No
92.	$500	0.01 lot	up to 1:100	2.9	Yes	No
93.	$500	0.01 Lot	up to 1:200	1.8	Yes	No
94.	$0	1 share or $1 for fractional shares	N/A	-	No	No
95.	N/A	N/A	N/A	-	No	No
96.	$0	Not specified	Up to 1:4 for stocks	-	Yes	No
97.	$500	N/A	N/A	-	No	No
98.	Not specified	Not specified	Not applicable	-	Yes	No
99.	INR 0	Not specified	Up to 6x for equity intraday, varies for other segments	-	Yes	No
100.	$100	$1	Not applicable	-	No	No
101.	$0.10	Varies by asset	Up to 1:3 for cryptocurrencies	-	Yes	No
102.	$5,000	1 property	N/A	-	No	No
103.	В зависимости от страны и типа учетной записи	N/A	N/A	-	No	No
104.	No minimum deposit requirement	Varies depending on the cryptocurrency	Up to 3x for some trading pairs	-	Yes	No
105.	$0	Varies by asset	Up to 100x for cryptocurrencies	-	Yes	No
106.	$0	1 share or $1 for ETFs and mutual funds	Not typically offered	-	No	No
107.	$0	Varies by asset	None	-	No	No
108.	$0	Not specified	Not generally offered	-	No	No
109.	$0	N/A	N/A	-	Yes	No
110.	No official minimum deposit	Varies by asset	Up to 1:100 for certain instruments	3.2	Yes	No
111.	-	-	-	-	Yes	Yes
112.	1$	-	-	-	Yes	Yes
113.	-	-	-	3.8	Yes	Yes
114.	$5	-	1:30	4.1	Yes	Yes
115.	$10	-	1:500	1.5	Yes	Yes
116.	10$	-	1:500	-	Yes	Yes
117.	-	-	-	2.8	Yes	Yes
118.	$1	-	-	-	Yes	Yes
119.	-	-	1:500	-	Yes	Yes
120.	100$	-	-	-	Yes	Yes
121.	250$	-	Up to 1:500	-	Yes	Yes
122.	$0.0012	-	-	-	Yes	Yes
123.	$250	-	Maximum leverage of 1:400	2.3	Yes	Yes
124.	$250	-	Max leverage 1:500	1.3	Yes	Yes
125.	$500	-	1:6	4.6	Yes	Yes
126.	-	-	Starts at 1:20	2.1	Yes	Yes
127.	1$	-	1:400	3.6	Yes	Yes
128.	-	-	-	-	Yes	Yes
129.	138$	-	1:100	4.3	Yes	Yes
130.	10$	-	Not applicable for GC Option, max 1:500 on Grand Capital	2.5	Yes	Yes
131.	-	-	1:3000	4.8	Yes	Yes
132.	$10	-	1:500	4.7	Yes	Yes
133.	5$	-	-	3.4	Yes	Yes
134.	-	-	1:500	4.7	Yes	Yes
135.	200$	-	Up to 1:500	4.4	Yes	Yes
136.	$0	Not specified	Up to 1:50 for Forex	1.5	Yes	No
137.	$20	-	-	4.5	Yes	Yes
138.	$500	-	-	-	Yes	Yes
139.	-	-	-	4	Yes	Yes
140.	250$	-	1:30	4.3	Yes	Yes
141.	$100	-	-	4	Yes	Yes
142.	-	-	1:500	4.6	Yes	Yes
143.	1$	-	-	-	Yes	Yes
144.	20$	-	-	-	Yes	Yes
145.	-	-	-	-	Yes	Yes
146.	0$	-	Up to 1:2000	-	Yes	Yes
147.	100$	-	-	-	Yes	Yes
148.	-	-	-	-	Yes	Yes
149.	$5	-	-	-	Yes	Yes
150.	-	-	up to 1:500	-	Yes	Yes
151.	$100	-	1:1000	4.1	Yes	Yes
152.	-	-	-	4.6	Yes	Yes
153.	-	-	-	-	Yes	Yes
154.	$100	-	Up to 1:500	4.9	Yes	Yes
155.	$0	-	1:500	-	Yes	Yes
156.	$5	-	Up to 1:3000	4.3	Yes	Yes
157.	$1	-	1:500	4.4	Yes	Yes
158.	$200	-	1:2000	-	Yes	Yes
159.	-	-	-	-	No	No
160.	-	-	-	-	Yes	Yes