7 Most Reliable Binary Options Brokers in South Korea

Many individuals consider binary options a bad choice because there is a high chance of losing money. However, it still thrives in many parts of the world–South Korea Inclusive–as many people try to trade binary options.
This is due to the ease of trading as well as the great profit potential it provides. South Koreans are not left out in the quest for wealth through binary options trading.
- Top 7 Binary Options Brokers in South Korea
- Expert Option: Most Beginner-friendly Binary Options Trading Platform
- Pocket Option: Top-rated Binary Options Trading Platform with High Leverage
- Olymp Trade: Easy to use Binary Options Trading Website for Beginners
- VideForex: the Best High-deposit Trading Platform for South Koreans
- IQ Option: Most User-friendly Binary Options Trading Website
- Quotex: Overall Best Binary Trading Broker for South Koreans
- Binomo: Credible Trading Broker for First Timers
- Conclusion
Below is a list of the most trustworthy binary options for South Korean traders:
- Expert Option: Most Beginner-friendly binary options trading platform.
- Pocket Option: Top-rated binary options trading platform with high leverage.
- Olymp Trade: Easy-to-use binary options trading website interface.
- VideForex: The best high-deposit trading platform for South Koreans
- IQ Option: The most user-friendly binary options trading website.
- Quotex: Overall best binary trading broker for South Koreans.
- Binomo: Credible trading broker for first-time traders.
Discover top binary options brokers tailored to your region. Browse our curated lists by country:
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Top 7 Binary Options Brokers in South Korea
As a South Korean, it can be tough to find the most credible binary options trading site. Finding brokers that permit traders from South Korea to trade using various binary option trading methods is extremely important. In subsequent paragraphs, the most reliable binary options will be extensively discussed.
Binary options brokers | Available in Korean | Available in English | Korean Won Support | Mobile App |
Expert Option | ✅ | ✅️ | ❌ | ✅ |
Pocket Option | ✅ | ✅️ | ❌ | ✅ |
Olymp Trade | ✅ | ✅️ | ❌ | ✅ |
VideForex | ✅ | ✅ | ❌ | ✅ |
IQ Option | ❌ | ✅️ | ❌ | ✅ |
Quotex | ❌ | ✅️ | ❌ | ✅ |
Binomo | ❌ | ✅️ | ❌ | ✅ |
Note: South Korean traders should act with caution and conduct adequate research before engaging in any kind of financial transactions, as trading binary options implies risk.
Expert Option: Most Beginner-friendly Binary Options Trading Platform
Overall Rating | 4.5/5 |
Payout | Up to 95% |
Minimum Deposit | $10 |
Maximum Deposit | $2500 |
Payment Methods | MasterCard, Maestro, Binance Pay, Bank transfers, Neteller, Cryptocurrencies, Skrill, Perfect money |
Lot Size | 0.1 |
Assets | ETFs, indices, stocks, commodities, metals |
Supported Currencies | USD |
Customer Support Service | Online chat, mail |
Regulation | The Financial Commission |
Expert Option is a reliable broker that is suitable for both inexperienced as well as expert traders. It has won awards that make it a trusted binary options broker. The platform provides traders with dependable, simple, and quick trading services.
It’s a good alternative for South Korean traders searching for a smooth and straightforward trading experience with a low minimum deposit and swift execution. It has been verified by MasterCard and Visa and regulated by the Financial Commission.
Sign-up and Verification Process
For beginners in South Korea, signing up for Expert Option has been made simple. You can visit their website and log in. Then, enter your email address and select a password that is secure for your account. You’ve now succeeded in creating an account.
Account activation cannot be completed without verification. Uploading a legitimate government-issued ID, such as a passport or driver’s license, is required. Your recent bank statement or an alternative document is necessary for address confirmation. You can upload these documents by going to your account settings and selecting the “Verification” tab.
Trading Platform
Expert Option’s website is easy to use. It is embedded with learning materials and powerful analytical tools to assist you in making informed choices. Unlike most brokers, Expert Option created its own platform that can be tailored to match any client’s needs.
This platform works on both mobile and desktop devices. Because of its user-friendly design, this broker is ideal for South Korean newbie traders. Also, its social trading option enables South Korean clients to research and even replicate the strategies of traders who have succeeded on the platform.
Trading Features
If you’re interested in Expert Options then you’ll be able to use some of the listed features below:
- Technical analysis tool
- Trading indicators
- Deposit and withdrawal — with multiple options
- Demo and real trading account — to test out strategies and implement these strategies’ lives.
- Social trading — to see other traders’ performance and activities.
- In-app customer support
Mobile App
Android app: Available
iOS app: Available
With the necessary specifications met, the Expert Option app can be easily downloaded on Android, iOS, Windows, and Mac OS.
This mobile app offers a variety of trading options, enabling traders to widen the range of their investments. Its rapid execution of transactions is a distinctive quality, allowing consumers to profit from market movements in real-time. Traders can make fast and informed judgments using live quotations since they always have up-to-date information.
Assets And Instruments
Asset Type | Instrument |
Indices | Smarty, Facebook (Meta), Alibaba, Google, Apple, Amazon, Microsoft, Tesla, Lockheed Martins, IBM, YUM, McDonald, Disney, Ford, Citi Group, Goldman Sachs, Coca-Cola, Baidu, Netflix, Intel (OTC), Google (OTC), and Meta (OTC). |
Forex Pairs | EUR/USD, EUR/GBP, USD/JPY, GBP/USD, USD/CAD, AUD/USD, NZD/USD, USD/CHF, AUD/CAD, AUD/JPY, EUR/AUD, GBP/CHF, GBP/CAD, AUD/CHF, EUR/JPY, AUD/NZD, and EUR/CHF. |
Commodities | Gold, Brent Oil, Silver, Platinum, and Copper. |
Stocks | Altcoin Index, Top Crypto Index, US Dollar Index, US Wall St 30, Hong Kong 33, and German 30. |
ETFs | QQQ Trust Series 1, S&P 500 ETF, Total Stock Market ETF, Emerging Markets ETF, Russell 2000 ETF, Gold Shares ETF, 20+ Years Treasury Bond ETF, Developed Market ETF, Japan ETF, US Oil ETF, US Natural Gas Fund, Energy Sector ETF, etc. |
Pocket Option: Top-rated Binary Options Trading Platform with High Leverage
Overall Rating | 4.7/5 |
Payout | Upto 95% |
Minimum Deposit | $5 |
Maximum Deposit | $5000 |
Payment Methods | MasterCard, Web Money, Visa, Bank Transfer, MoMo pay, QR Pay, Tether, Polyglon, Ethereum |
Lot Size | 0.01 |
Assets | Currency, cryptocurrencies, stock, commodities, indices |
Supported Currencies | USD, EUR, TRY, GPB, CHF, JPY, RUB |
Customer Support Service | General chat, email, hotline, community help |
Regulation | Mwali International Service Authority |
With its unparalleled leverage and other attractive services, PocketOption, a 2017 startup owned by Gembell Limited of the Marshall Islands, sets itself apart from other binary options brokers. Since it is strictly regulated by the Mwali International Service Authority, traders can be sure that their funds, as well as their details, are protected.
Sign-up and Verification Process:
To sign up, you must provide the broker with your legal name and contact details. Then, you consent to their appendices and terms of agreement. You can register with a Google or Facebook account as well.
To finish the verification process, you must send a scanned or digital copy of your identity document with a photograph and personal information.
Trading Platform
Trading is easy for South Korean traders using the Pocket Option. You only need a few tools to use the trading interface. The trading asset and chart type should be chosen first, then the trading type (digital, quick, or forex MT5). You will then find yourself in the current marketplace for your chosen asset.
In addition, include all necessary indicators on the chart and enable signals and drawings to help with market technical analysis. Utilize the trading interface to place your order and make your prediction. You may always keep an eye on and follow your trading session in the Trades area.
An added benefit is the social trading feature, which allows Korean traders on the platform to communicate with, study from, and even imitate experienced traders.
Trading Features
What features should you expect trading on Pocket Option? I’ve listed a couple of important features I found helpful:
- Profile management with several interactive features to customize the app.
- Markets — to view several available instruments to trade.
- Social trading — to copy the trades of successful traders and increase profitability.
- Tournaments — to participate in different trading competitions with proof tags are attached.
- Trades — to monitor ongoing trades and trading history.
Mobile App
Android: Available
iOS: Available
Korean Pocket Option users can use the mobile app to access their accounts. Because of this application, trading is now simply available to everyone, everywhere. You can also log in via their web application. The software includes the MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Assets And Instruments
Asset Type | Instrument |
Cryptocurrencies | Bitcoin (BTC), Dogecoin (DOGE), BNB, Polygon (MATIC), Quant (QNT), Ripple (XRP), Solana (SOL), ETC/USDT. All the listed currencies can also be traded over-the-counter (OTC). |
Forex Pairs | EUR/USD, CAD/JPY, AUD/NZD, USD/RUB, AUD/USD, USD/CAD, NZD/JPY, CAD/CHF, EUR/CHF, CHF/JPY, and many more. |
Commodities | Gold, Brent Oil, WTI oil, Silver, Gold, Natural Gas, Platinum, Palladium |
Stocks | Apple, Citigroup, Tesla, Intel, McDonald’s, American Express, Johnson & Johnson, Visa, FedEx, Cisco, Exxon, Alibaba, Amazon, Microsoft, Meta, Pfizer, and Netflix |
Indices | AUS 200, US 100, DJI30, SP500, E50EUR, D30EUR, JPN225, F40EUR, 100GBP, and E35EUR |
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Olymp Trade: Easy to use Binary Options Trading Website for Beginners
Overall Rating | 4.6/5 |
Payout | Up to 92% |
Minimum Deposit | $10 |
Maximum Deposit | $5000 |
Payment Methods | Bank Transfers, Perfect Money, Binance Pay, Bank Cards, Advcash, Skrill, Cryptocurrencies, Neteller |
Lot Size | 0.01 |
Assets | Stock, Metals, Forex, Indices, Cryptocurrencies, Indices, OTC, ETFs, Composites |
Supported Currencies | USD |
Customer Support Service | Online Chat, Email, Hotline |
Regulation | International Financial Commission and Vanuatu Financial Services Commission (VFSC) |
Olymp Trade has grown to become a leading binary trading broker noted for its dependability and excellence since it was first launched in 2014. South Korean traders enjoy the company’s simple registration process, inexpensive deposit requirements, and customized trading platform.
This broker is reliable as traders’ funds are protected by deposit insurance, and every South Korean has access to their comprehensive support on their website. They are members of the International Financial Commission and are regulated by the Vanuatu Financial Services Commission (VFSC).
Sign-up and Verification Process
On their website, Olymp Trade offers a simple sign-up process. Simply enter your name, email address, and a strong password to ensure your data is secure.
As a Korean trader, Olymp Trade needs your proof of identity and address for verification in order to comply with regulatory requirements. You can simply submit a passport, bank statement, national ID, or utility bill. Subsequently, after a swift verification, you will be granted full access to their extensive trading options.
Trading Platform
The Olymp Trade trading platform provides both experienced and inexperienced traders with notable features. Before engaging in real trading, users can practice using 10,000 virtual funds made available in the demo account.
This platform boasts of over 140 assets, comprising currencies, stocks, cryptocurrencies, and indices. Due to its vast educational resources, analytics, and market news, it outperforms many online trading platforms.
Trading Features
You’ll find the following features when using Olymph Trade, this includes:
- Technical indicators — SMA, EMA, Parabolic, Bollinger Band, Alligator, and Ichimoku cloud.
- Trades — to monitor trading activities and history.
- Customer Strategies
- Demo Trading — to practice and execute trading knowledge
- Trading Signals
- In-app resources — to learn about the binary options trading
- In-app customer support.
Mobile App
iOS: Available
Android: Available
Olymp Trade has a well-known mobile app for both iOS and Android smartphones, which can be downloaded from the Apple App Store or the Google Play Store. This app is beneficial to mobile traders who benefit from a responsive design that mirrors the web version, guaranteeing an advantage over others while trading on the app.
Assets And Instruments
Asset Type | Instrument |
Indices | Arabian General Index, Basic Dollar Index, CAC 40, DAX, Dow Jones, EURO STOXX 50, FTSE 100, Hang Seng Index, NASDAQ, Nikkei 225, Oasis Index, Qahwa Index, Quickler, RUSSELL 2000, and S&P 500. |
cryptocurrencies | Avax, Basic Altcoin Index, Binance Coin, Bitcoin, Bitcoin Cash, Cardano, Chainlink, Dash, DogeCoin, Eos, Ethereum, Kusama, Litecoin, Matic, Moonbeam, Polkadot, Solana, Stellar, Tezos, Uniswap, and XRP Ripple. |
Forex Pairs | AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/USD, NZD/CAD, NZD/CHF, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/CLP, USD/JPY, USD/MXN, USD/NOK, USD/SGD, and USD/TRY. |
Commodities | BRENT and Natural Gas |
Stocks | 3M Company, Alibaba, Amazon, AMD, Apple, AXA Group, BMW, Boeing, Caterpillar, Chevron, Cisco, Coca-Cola, Disney, eBay, Exxon Mobil, Goldman Sachs, Google, IBM, Johnson & Johnson, JPMorgan Chase, MasterCard, McDonald’s, Merck KGaA, Meta, Microsoft, Morgan Stanley, Netflix, Nike, NINTENDO, Novartis, Nvidia, Oracle, Procter & Gamble, Starbucks, Steinhoff, Tesla, Twitter, and Visa. |
ETFs | ETF MSCI Brazil 2х, ETF NASDAQ Reversal 2х, ETF S&P 500 Volatility 1.5x, ETF U.S. Real Estate, and SPDR S&P 500 ETF Trust. |
Metal | Copper, Gold, Platinum, and Silver |
OTC | AUD/USD OTC, EUR/USD OTC, GBP/USD OTC, Gold OTC, NZD/USD OTC, USD/CAD OTC, USD/CHF OTC, and USD/JPY OTC. |
Composite | Asia Composite Index, Commodity Composite Index, Crash 300 Index, Europe Composite Index. |
VideForex: the Best High-deposit Trading Platform for South Koreans
Overall Rating | 3.2/5 |
Payout | Up to 95% |
Minimum Deposit | $50 |
Maximum Deposit | $50,000 |
Payment Methods | Skrill, Neteller, MasterCard, Visa, WebMoney, QiwiWallet, OKpay, Bank Transfer |
Lot Size | 0.01 |
Assets | Commodities, indices, currencies, cryptocurrencies |
Supported Currencies | USD, EUR, GBP, and RUB |
Customer Support Service | Online chat, Live video chat support |
Regulation | IFMRRC |
VideForex is a reliable broker that offers trading in options and CFD. It is situated in the Marshall Islands and regulated by IFMRRC. It is open to traders from different countries of the world, including South Koreans.
Sign-up and Verification Process
To sign up with VideForex, go to their website and tap the sign-up button. Here, you’ll be expected to provide your email, password, name, surname, country code, and phone number. You’ll also be required to select the currency type you wish to trade with and then agree with their terms and conditions. After these, you’ve successfully created an account with this broker.
Go to the Verification location in your account settings to finish the verification procedure. Then you upload your ID and a selfie shit. Ensure you upload authentic and excellent-quality documents.
Trading Platform
VideForex offers its users the most advanced platform for Options and CFD trading, along with live video chat. There are more than 100 assets available for trading on the platform. Once you find your account, you are ready for real-time trading on VideForex.
The platform is accessible in three versions: web, android, and iPhone. It allows for a direct deposit and withdraw through the mobile app within 60 seconds.
Trading Features
You’ll have access to the most basic to the most complex binary trading features on Vide Forex. You’ll receive the following:
- Multiple charts provider options — TradingView or Tick Chart
- Technical Analysis tool
- Technical Indicator
- Trading History
- In-app customer support
- Educational resources
Mobile App
iOS: unavailable
Android: unavailable
South Korean binary traders should try and experience the Videforex CFD and Options trading platform via web app, which is available for Android and iPhone. It helps you stay linked to the international market and never miss out on a variety of trading opportunities. The app can’t be downloaded on either Google Play for Android or App Store for iOS users.
Asset Type | Instrument |
Cryptocurrencies | Bitcoin (BTC), Dogecoin (DOGE), BNB, Polygon (MATIC), Quant (QNT), Ripple (XRP), Solana (SOL), ETC/USDT. |
Forex Pairs | AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/JPY, EUR/GBP, EUR/NZD, EUR/USD, USD/CHF, USD/CNH, USD/JPY, USD/SEK. |
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IQ Option: Most User-friendly Binary Options Trading Website
Overall Rating | 4.7/5 |
Payout | Upto 98% |
Minimum Deposit | $10 |
Maximum Deposit | $20,000 |
Payment Methods | MasterCard, Perfect Money, Visa, Advcash, UPI, Skrill, GlobePay |
Lot Size | 0.1 |
Assets | Cryptocurrencies, Forex, commodities, indices, stocks |
Supported Currencies | USD, INR, GBP, EUR |
Customer Support Service | via email and social media platforms |
Regualtion | Cyprus Securities and Exchange Commission. |
IQ Option, founded in 2013 by Roman Shaykov and Andrey Lopatin, is a widely recognized virtual trading platform based in Cyprus and licensed by the Cyprus Securities and Exchange Commission. It includes an easy-to-use interface and over 300 trading instruments. This broker stands out as one of the most credible options for South Korean traders.
Sign-up and Verification Process
The IQ Option sign-up process is simple. To begin, go to their official site and select the sign-up button. As a first-timer, you will be required to provide your email address as well as your password. Following that, you must check the little box and consent to the broker’s terms and conditions.
During account verification, you can verify your identity by submitting a passport, ID card, driver’s license, or resident’s permit. Attach your utility bill, bank statement, or tax statement to authenticate your address. After getting your records, IQ Option normally finishes its review within a single working day.
Trading Platform
IQ Option has evolved to be one of the most dependable binary options trading platforms in South Korea due to its simple user interface and numerous features. Surprisingly, trading signals, market tools, and real-time charts are available on the site, enabling informed decisions.
IQ Option’s simple layout makes the trading process easy for newcomers. This broker has extensive training tools, including educational videos, webinars, and other materials that ensure proper preparation before the start of real trading.
Trading Features
What features should you expect from trading on IQ Options? Then, check the list below:
- Chart management — multiple time frames and trading alerts.
- Technical indicators
- Demo trading — practice and improve your knowledge of trading.
- Education section — to learn about IQ Options and how to trade binary options.
- Deposit — with multiple options to select from
- Withdrawal — several methods attached.
Mobile App
iOS: Available
Android: Available
This broker’s mobile trading app has won a number of awards. Because of its simple layout, it attracts an extensive list of traders. It has more than three hundred assets that can be traded on the web platform.
Assets And Instruments
Asset Type | Instrument |
Cryptocurrencies | Bitcoin (BTC), Dogecoin (DOGE), BNB, Polygon (MATIC), Quant (QNT), Ripple (XRP), Solana (SOL), ETC/USDT. All the listed currencies can also be traded over-the-counter (OTC). |
Forex Pairs | EUR/USD, EUR/CAD, USD/JPY, AUD/CAD, GBP/JPY, GBP/USD, EUR/JPY, USD/NOK, USD/DKK, GBP/CHF, USD/HKD, EUR/CHF, EUR/AUD and 20 more |
Commodities | Brent Oil, Gold, and Crude Oil |
Stocks | Apple, Alibaba, Netflix, Meta, Tesla, Citi Group, Microsoft, McDonald’s, AIG, PayPal, IBM, Coca-Cola, Twitter, Nvidia, Snap Inc., Intel, Starbucks, Visa, Qualcomm, Costco, JPMorgan C, American Airlines, and 170 others. |
ETFs | S&P 500 ETF, Ishares Russell 2000 ETF, Dow Jones Industrial Average ETF, and 20 others. |
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Quotex: Overall Best Binary Trading Broker for South Koreans
Overall Rating | 4.8/5 |
Payout | Up to 98% |
Minimum Deposit | $10 |
Maximum Deposit | _ |
Payment Methods | MasterCard, Cryptocurrencies, Perfect Money, UPI |
Lot Size | 0.01 |
Assets | Currency pairs, stocks, commodities metals, oil or gas, indices, cryptocurrencies |
Supported Currencies | INR, USD, GBP, EUR, BRL, IDR, MYR, KZT, RUB, THB, UAH, VND, NGN, EGP, MXN, JPY, BDT |
Customer Support Service | Via live chat |
Regulation | International Financial commission |
Quotex is a credible binary options trading platform that debuted in 2019. It is an IFC-regulated broker with over 400 trading tools and instructional materials for users who are interested in understanding how to handle sophisticated financial instruments.
Sign-up and Verification Process
Opening a Quotex account in South Korea is easy. You must first enter your email address, password, and currency option on their sign-up page. It is also possible to sign up with your Facebook or Google account. After you register, you will receive an email with a link for verification and a code.
Then, you can successfully finish the verification process by presenting a legitimate form of identification. You must upload your national identification card, driver’s license, or passport. You will also need to provide a utility bill or bank statement as proof of residency.
When you’ve finished uploading these documents, hit “Submit.” Your documents will be examined and approved by the Quotex management within a few days, and once authorized, you will be able to begin trading on the platform.
Trading Platform
Quotex is a trading platform with a variety of functions and an easy-to-use UI. It enables traders in South Korea to trade stocks, currency pairs, stocks, metals, goods, and cryptocurrencies. The trading platform’s demo account, robust analytical tools, and live market data are further benefits.
Trading Features
You’ll find different trading features on Quotex, this includes:
- Deposit and withdrawal — with several payment methods included.
- Trading analytics — to track and monitor trading activities over time
- Tournament — to compete without traders for a cash prize in return.
- Leaderboard — to check top-performing traders and their progress
- Chart management — select different chart types, multiple indicators, and trading tools.
Mobile App
Android App: Available.
iOS: unavailable.
Quotex offers an app for smartphone traders in South Korea. Quotex can also be accessible via the web, which provides a better user experience.
Assets And Instruments
Asset Type | Instrument |
Forex Pairs | EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD, EUR/GBP, EUR/CHF, EUR/CAD, EUR/JPY, EUR/AUD, EUR/RUB (OTC), EUR/SGD, CAD/JPY, and, CAD/CHF, GBP/CAD, GBP/JPY, GBP/AUD, GBP/CHF, AUD/CAD, AUD/JPY, AUD/CHF, USD/RUB (OTC), USD/BRL (OTC), USD/INR (OTC), CHF/JPY (OTC), NZD/CAD, NZD/JPY, NZD/CHF |
Commodities | US Crude, UK Brent, Gold, and Silver |
Stocks | American Express, Boeing Company, Meta Inc., Intel, Johnson and Johnson, Pfizer Inc., McDonald’s, and Microsoft. |
Indices | S&P/ASX 200, Dow Jones 30, CAC 40, FTSE 100, DAX, Italy 40, Nikkei 225, NASDAQ 100, S&P500, EURO STOXX 50, IBEX 35, FTSE China A50 Index, and Hong Kong 50 |
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Binomo: Credible Trading Broker for First Timers
Overall Rating | 4/5 |
Payout | Up to 85% |
Minimum Deposit | $1 |
Maximum Deposit | $1000 |
Payment Methods | MasterCard, Visa, JCB, E-wallets, cryptocurrencies |
Lot Size | 0.01 |
Assets | Goods, equity securities, currency pairs, indices |
Supported Currencies | USD, EUR |
Customer Support Service | Online chat |
Regulation | International Financial Commission |
At Binomo, they believe that providing excellent services and assistance, such as professional level tutorials, analytical services, and client support, is their top focus. This broker places emphasis on a high quality of service and a diverse range of intellectual resources.
Binomo is located in Kingston, st. Vincent, and was established in 2014. The International Financial Commission (IFC) regulates it.
Sign-up and Verification Process
The sign-up process is pretty straightforward. You can simply click the sign-up button and input all the necessary information. After that, you accept their terms and conditions and successfully create a Binomo account.
Korean traders should note that funds cannot be withdrawn without your account being verified. You can only pass the verification when you are issued a request. After receiving this request, you’ll need to upload these images to pass verification properly: a photograph of your passport, ID card, or driver’s license;
photographs of the bank cards you used to deposit, and a photo of a bank statement (only for non-personalized cards). Ensure that the document is going to be valid for a minimum of thirty days from the upload date. You are also to verify your payment method. You will be notified and able to withdraw or transfer funds upon completion.
Trading Platform
South Korean traders are allowed to trade with either the demo account or the real account on the Binomo platform. You can trade safely on a demo account with the $10,000 virtual funds available.
There are helpful and quality tutorials for actual trading to help traders make successful transactions. The platform also provides a wide range of financial assets and analytical trading tools that aid successful trading.
Furthermore, the broker pays close attention to novice traders’ professional training while meeting the most advanced needs of the market’s most experienced traders.
Trading Features
Binomo has some all of the necessary features needed to easily trade the binary options market:
- Technical indicator — RSI, fractal, Parabolic SAR, Moving averages, MACD, and Bollinger Band
- Social trading — for copy trades of successful brokers
- Tournament — to compete with other traders in South Korea and globally.
- Economic Calendar — to check upcoming events and how they affect the market or instruments listed.
- Top Traders — to monitor top-performing binary options traders globally.
- Bonuses — for special offers specific to you.
Mobile App
iOS: Available
Android: Available
Binomo is accessible via smartphone and tablet. The Binomo app is available on the App Store, Google Play, Aptoide, AppGallery, Galaxy Store, and Apptoko.
Traders in South Korea can also use their phone or tablet’s browser to access the website without downloading the app.
Assets And Instruments
Asset Type | Instrument |
Cryptocurrencies | Bitcoin, Cardano, Altcoin IDX, Bitcoin Cash, and Litecoin |
Forex Pairs | EUR/USD, EUR/CAD, USD/JPY, AUD/CAD, GBP/JPY, GBP/USD, EUR/JPY, USD/NOK, USD/DKK, GBP/CHF, USD/HKD, EUR/CHF, EUR/AUD and 20 more |
Commodities | Gold, Silver, and Oil |
Stocks | Apple, Alibaba, Netflix, Meta, Tesla, Citi Group, Microsoft, McDonald’s, AIG, PayPal, Boeing, JD, AEX, CAC, IBM, Coca Cola, Twitter, Nvidia, Yum Brands, Intel, Starbucks, Visa, Qualcomm, Weibo, JPMorgan C, and Ferrari |
Conclusion
Binary Options trading is legal in South Korea. The Financial Services Commission (FSC) regulates trading activities in Korea. Given the difficulties and inherent risks of trading, proceeding with prudence is critical.
In order to guarantee a safe and successful trading experience, all South Korean traders should understand the basic principles of binary options trading, select a regulated broker, begin trading with a demo account, manage their risk when they begin real trading, and strive to stay up to date on financial news and trends that may impact the assets they are trading.
Keep in mind that while binary options trading can provide great gains, it also carries considerable risks. It’s important to approach it with an in-depth knowledge of the dangers involved and a commitment to trading responsibly.
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.
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binary.com
Binary.com is a stable broker recognized for offering favorable conditions to trade currencies, futures, and options. With 20 years of experience, this broker is a reliable choice for earning money.
They give a free practice account and one real account with a minimum deposit of only $5. Different platforms offer various ways to trade, making it easy for clients to choose what suits them.
Pros- The organization has been in business for over 20 years
- The minimum amount to replenish and initiate a bid is $5 and $1, respectively.
Cons- There are occasionally platform malfunctions; trust management accounts are absent
- There are occasional delays when withdrawing money.
YesYes0.5 USDVanuatu Financial Services Commission (VFSC), Labuan Financial Services Authority, Malta Financial Services Authority5 USDNo bonus currently offered -
Binomo
Binomo is a reliable broker that’s great for beginners, with easy-to-follow training and strategies. The broker offers a demo account where users can learn the platform first without risking real money.
There are three real accounts: Standard, Gold, and VIP. Professionals also prefer Binomo because of the many options, favorable conditions for trading, and tools to help predict prices.
Pros- The broker sources quotes from the top news organizations
- The trading platform is sophisticated and features a large variety of assets.
Cons- High minimum deposit compared to its rivals
- Lack of investment plans or cent accounts
- The platform is a bit complex, with a steep learning curve.
YesYes$1International Financial Commission (IFC)$10Up to 100% on deposit -
Expert Option
Expert Option is a broker that deals with binary options trading and claims to have more than 30 million trustworthy clients. They have bonus and referral programs to give clients extra money for trading and passive income.
The broker supports over 20 payment systems, but doesn't offer other investments. The website is in 15 languages, with the trading conditions clearly articulated. Users have access to analytical materials and training videos.
Pros- Users can start trading with just $10
- Users can trade from either a personal computer or a mobile device.
Cons- The broker has no conditions for active trading
- The broker lacks an investment program.
YesYes$1Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA)$10Up to 100% on deposit -
IQ Option
IQ Option stays ahead of its competitors with solid marketing and technology, providing advanced tools for analysis. Its interface might seem complex, but it has excellent charting and unique features like topic chats.
Although it has issues like country restrictions and platform lags, it creatively blends options and forex for a great trading experience.
IQ Option has expanded to include digital options with high yields and cryptocurrency assets. It holds a decent rating, making it worth trying with a demo account.
Pros- The platform is user-friendly and has positive ratings
- The broker has among the best pay rates in binary options.
Cons- The broker's online platform is heavy on the user’s computer RAM
- The platform has a learning curve
- There are delays in cash withdrawals.
YesYes$1CySEC$10Occasional promotions and trading competitions -
Binarium
Binarium is a broker for people who are new to trading. They have a simple website for beginners needing some extra guidance. They focus on binary options using an easy trade method where the user guesses the price after a specific time. Binarium offers two options: Turbo (1-5 minutes) and long-term. In the interest of safety, they don't provide risky options, leverage, or a system called Martingale. Though there are limited options available, Binarium offers choices such as There is no Touch, Range, or Ladder. They also have a service where you can copy the trades of others, available in your account's Trading Room.
Pros- The broker has an easy-to-use interface
- No additional costs.
Cons- There are fewer trading instruments and technical analysis indicators (less than 15) compared to other brokers
- Limited selection of available options
- Although the broker states an "up to 90%" return, the actual yield is closer to 70–80%.
YesNoNot specifiedNot regulated by any major authority$5Up to 100% deposit bonus -
IG.com
As a sector of IG Group, IG Markets focuses specifically on retail CFD services. Clients can open accounts in IG Group subsidiaries to effortlessly access the market and start trading. IG’s trading conditions favor long-term and active traders, and there are no restrictions on foreign traders. However, a (recently reduced) minimum deposit of $1,000 may still deter newcomers. A drawback of IG is that its interface is not very user-friendly, though this can be managed with practice.
Pros- The American regulators CFTC and NFA and the British regulator FCA have granted licenses to IG’s subsidiaries.
- IG has favorable spreads, ranging from 0.6 to 1 pip, depending on the kind of instrument.
- 24/7 customer service is available.
Cons- There is a high threshold of entry, which discourages novice traders.
- The verification procedure is complicated and selective. There are cases of refusal to open an account due to unconfirmed or low income.
- There are technical problems with order execution (according to traders' feedback).
- Users have reported that the interface has a high learning curve.
YesYes0.01 lotsASIC, FCA (UK), MAS (Singapore), BMA, CFTC, DFSA, FINMA, FSCA, JFSA$250None -
SPECTRE.AI
Spectre.ai is a trustworthy broker offering various trading tools and direct trades without broker interference. Beginners can begin with a demo account, and the minimum deposit to start a real account is only $10. Daily verifications in a public digital record keep things transparent for users. Since Spectre.ai’s conception, there haven't been big complaints, and minor problems for clients are quickly addressed.
Pros- $10 minimum deposit
- Cheap floating spreads on popular currency pairs starting at 0.0 pips
- The broker offers both a mobile terminal and a dedicated web trading platform.
Cons- There is no toll-free number for technical support
- There is no support for the single proprietary terminal.
YesNo$1None$10None -
Alpari
Alpari has been in the forex and options market for 21 years. It's a trusted broker that helps both new and experienced traders. For beginners, there's a cent account; for professionals, there are ECN accounts with lower spreads. Alpari watches manager ratings to keep investors safe. The broker works with experienced and new traders, quickly solving any problems. Alpari has no conflicts and updated its website in 2019 for better accessibility. Alpari's customer-centric focus and continuous upgrades of its services mean it is a popular choice in Europe.
Pros- Numerous trading accounts which cater to varying degrees of expertise and objectives
- Responsive and knowledgeable customer service department.
Cons- There is no weekend trading
- The process of withdrawing money is done occasionally after delays.
YesNo0.01 LotFinancial Services Authority of Saint Vincent and the Grenadines (SVGFSA)100 USDLoyalty Cashback, Deposit Bonus -
Dukascopy
Dukascopy has emphasized customer service and top trading conditions for over 14 years. Features such as swift order execution, accurate quotes, and high liquidity assets place Dukascopy among Europe's safest brokers. Multilingual support is available 24/6 for prompt assistance via phone, chat, or feedback form. Positive feedback highlights accreditation, good trading conditions, and deposit security. However, criticisms include long withdrawals, high commissions, and slow account verification due to stringent security measures.
Pros- Deposit protection up to CHF 100,000 per client
- ECN trading technology.
- Low spreads – from 0.1 pips on EUR/USD.
Cons- Leverage goes up to 1:200, which is less than most brokers offer.
- Higher trading commissions for Islamic accounts.
- It is impossible to open new positions on weekends.
YesYes0.01 lotsFINMA100 USDEquity Bonus, Discount Program, Anniversary Bonus -
Intrade.Bar
Intrade Bar is a new binary options broker claiming to be trustworthy with clear rules. They have fixed payouts, like 82% for a 3-minute bet and 85% for bets over $80. Money withdrawal takes 5 minutes, but sometimes they have delays lasting 2-3 days. They offer a unique, customizable platform usable on any browser. You don't need scanned documents for e-wallet transactions; bank verification is necessary. Intrade Bar doesn't have contests or bonuses.
Pros- They offer a risk management function, which is the ability to set acceptable values of loss and profit
- They have a low minimum deposit.
Cons- Their website lacks learning material.
YesYes1 USD-10 USD100% Deposit Bonus
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 |
---|---|---|---|---|---|---|
$5 | $1 | Up to 1:100 | - | No | No | |
$10 | $1 | Up to 1:1000 for forex, varies for other instruments | 4 | Yes | No | |
100 USD | 0.01 Lot | up to 1:1000 | 3.7 | No | No | |
$100 | 0.01 Lot | Up to 1:500 | - | Yes | No | |
$10 | $1 | Up to 1:500 | - | Yes | No | |
$25 | $1 | N/A | 2.3 | No | No | |
$100 | 0.01 lots | Up to 1:30 for retail clients, 1:300 for professional clients | - | Yes | Yes | |
$5 | Not specified | Up to 1:1000 | 4 | No | No | |
5 USD | 0.5 USD | Up to 1:1000 | 4.4 | Yes | No | |
$10 | $1 | Up to 1:500 | 4.1 | Yes | No | |
$10 | $1 | Up to 1:1000 | 4.2 | Yes | No | |
$10 | $1 | Up to 1:400 | - | Yes | No | |
$200 | Varies by asset | Up to 1:30 for retail clients, higher for professional clients | 4.2 | Yes | No | |
Not available | Not available | Not available | 2.5 | No | No | |
$100 | 0.01 Lot | Up to 1:30 for retail clients, 1:500 for professional clients | 1.6 | Yes | No | |
$250 | Not specified | Up to 1:1000 | 2.8 | Yes | No | |
$1 | 0.01 Lot | up to 1:3000 | - | Yes | No | |
$100 | 0.01 Lots | Up to 1:400 | 4.7 | Yes | No | |
$250 | 0.1 lot | up to 1:100 | 1.5 | Yes | No | |
$200 | 0.01 lots | Up to 1:500 | 4 | Yes | No | |
100 USD | 0.01 lots | up to 1:200 | 3.4 | Yes | No | |
$100 | 0.01 lots | up to 1:500 | 1.5 | Yes | No | |
$100 | 0.01 Lot | Up to 1:300 | 4.1 | Yes | No | |
$200 | 0.01 lot | Up to 1:500 | 3.8 | Yes | No | |
$1 | 0.01 Lot | Up to 1:1000 | 3.3 | Yes | No | |
$5 | 0.01 lots | up to 1:888 | 3.8 | Yes | No | |
$200 | 0.01 lots | up to 1:2000 | - | Yes | No | |
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 | |
100 USD | 0.01 Lot | Up to 1:500 | 1.8 | Yes | No | |
250 USD | 1 USD | 1:50 | 2.4 | No | No | |
$250 | $1 | 1:1 | 1.7 | No | No | |
$1 | 0.01 Lot | Up to 1:1000 | 3.8 | Yes | No | |
$10 | $1 | None | 3.8 | No | No | |
$20 | 0.01 lots | up to 1:300 | 3.3 | Yes | No | |
$250 | 0.01 lots | Up to 1:30 for retail clients, 1:200 for professional clients | 3.9 | Yes | Yes | |
$10 | 0.01 Lot | up to 1:1000 | 2.7 | Yes | No | |
$100 | 0.01 lots | Up to 1:500 | 4.4 | Yes | No | |
$100 | 0.01 Lot | Up to 1:300 | 4.1 | No | No | |
$10 | 0.01 lots | Up to 1:2000 | 3.8 | Yes | No | |
$50 | 0.01 lots | Up to 1:400 | - | Yes | No | |
$100 | 0.01 Lot | Up to 1:300 | 3.4 | Yes | No | |
100 USD | 0.01 Lot | Up to 1:500 | 4.2 | Yes | No | |
- | 0.01 Lot | Up to 1:500 | 4 | Yes | No | |
$100 | 0.01 Lot | Up to 1:30 for retail clients, up to 1:200 for professional clients | 2.1 | Yes | No | |
10 USD | 0.01 Lot | up to 1:2000 | 2.5 | Yes | No | |
$1 | 0.01 Lot | up to 1:1000 | 3 | Yes | No | |
$100 | 0.01 lots | up to 1:500 | 3.8 | Yes | No | |
$50 | 0.01 lots | Up to 1:200 | 4.7 | Yes | No | |
$0 | 0.01 micro lots | Up to 1:50 for US clients, varies for other regions | 3.4 | Yes | No | |
N/A | N/A | N/A | 4.4 | No | No | |
100 EUR/USD/GBP | 0.01 lots | Up to 1:200 | 3.6 | Yes | No | |
100 USD | N/A | Up to 1:1000 (Varies by broker and regulation) | 3.6 | Yes | No | |
$500 | Not specified | Up to 6:1 for day trades, 2:1 for overnight positions | 3.2 | Yes | No | |
0 GBP | 0.01 lots | Up to 30:1 for retail clients, up to 500:1 for professional clients | 4 | Yes | Yes | |
$500 | Varies by asset | Up to 1:50 for stocks, varies for other instruments | 4.5 | Yes | No | |
$200 | 0.01 lots | Up to 1:500 | 4.8 | Yes | No | |
Variable depending on account type and region | 0.01 lots | Up to 1:1000 | 3.2 | Yes | No | |
$200 | 0.01 lots | Up to 1:30 for retail clients, up to 1:500 for professional clients | 3.9 | Yes | No | |
$100 | 0.01 lot | Up to 1:400 | 4.3 | Yes | Yes | |
$0 for Standard Account, $500 for ThinkZero Account | 0.01 lots | Up to 1:500 for Forex | 4.3 | Yes | No | |
100 GBP | 0.01 lots | Up to 1:30 for retail clients, up to 1:300 for professional clients | 1.9 | Yes | No | |
$0 | Not specified | Not applicable for U.S. based investment brokers | 1.2 | Yes | No | |
$0 | N/A | Up to 1:50 for Forex (for professional clients) | 1.2 | Yes | No | |
$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 | |
$50 | 0.01 Lot | Up to 1:500 | 4.3 | No | No | |
$500 | 0.01 lots | up to 1:30 for retail clients, up to 1:200 for professional clients | 3.1 | Yes | No | |
$100 | 0.01 Lot | up to 1:1000 | 3.1 | Yes | No | |
$500 | 0.01 lots | Up to 1:400 | 1.3 | Yes | No | |
$10 | 0.01 Lot | up to 1:1000 | 4.4 | Yes | No | |
$0 | Not specified | Up to 1:50 for stocks | 1.1 | Yes | No | |
$500 | Not specified | Up to 1:50 for stocks | 1.1 | Yes | No | |
No minimum deposit | 0.01 lots | Up to 1:500 | 2.6 | Yes | No | |
$10 | 0.01 Lot | up to 1:1000 | 3.4 | Yes | No | |
$1 | 0.01 Micro Lot | Up to 1:2000 | 4.6 | Yes | No | |
$200 | 0.01 Lot | up to 1:100 | 3.5 | Yes | No | |
10 USD | 1 USD | 1:100 | 3.4 | No | No | |
100 | 0.01 | Up to 1:200 | - | Yes | Yes | |
- | - | - | 1.5 | No | No | |
$2,000 | Varies by asset class | Up to 1:30 for retail clients, higher for professional clients | 3.7 | Yes | No | |
500 EUR | 0.01 lots | up to 1:200 | 3.4 | Yes | No | |
$50 | 0.01 Lot | Up to 1:1000 | 2.3 | Yes | No | |
1000 CHF or equivalent | Not specified | Up to 1:100 for Forex | 3.4 | Yes | No | |
100 USD/EUR/GBP | 0.01 lot | Up to 1:800 (varies by instrument and regulatory requirements) | - | Yes | Yes | |
$100 | 0.01 lots | up to 1:500 | 3.7 | Yes | No | |
$200 | 0.01 Lot | Up to 500:1 | 3.5 | Yes | No | |
$25 | 0.01 Lot | up to 1:1000 | - | Yes | No | |
$100 | 0.01 lots | Up to 1:500 | 3.4 | No | No | |
$1 | 0.01 Lot | up to 1:1000 | 1.9 | Yes | No | |
10 OPEX (Kyrgyzstani Som) | - | Up to 1:3000 (unverified, reported on forums) | - | Yes | No | |
$50 | 0.01 lot | up to 1:500 | - | Yes | No | |
10,000 USD | Not specified | Up to 1:50 | 2.5 | Yes | No | |
$500 | 0.01 lot | up to 1:100 | 2.9 | Yes | No | |
$500 | 0.01 Lot | up to 1:200 | 1.8 | Yes | No | |
$0 | 1 share or $1 for fractional shares | N/A | - | No | No | |
N/A | N/A | N/A | - | No | No | |
$0 | Not specified | Up to 1:4 for stocks | - | Yes | No | |
$500 | N/A | N/A | - | No | No | |
Not specified | Not specified | Not applicable | - | Yes | No | |
INR 0 | Not specified | Up to 6x for equity intraday, varies for other segments | - | Yes | No | |
$100 | $1 | Not applicable | - | No | No | |
$0.10 | Varies by asset | Up to 1:3 for cryptocurrencies | - | Yes | No | |
$5,000 | 1 property | N/A | - | No | No | |
В зависимости от страны и типа учетной записи | N/A | N/A | - | No | No | |
No minimum deposit requirement | Varies depending on the cryptocurrency | Up to 3x for some trading pairs | - | Yes | No | |
$0 | Varies by asset | Up to 100x for cryptocurrencies | - | Yes | No | |
$0 | 1 share or $1 for ETFs and mutual funds | Not typically offered | - | No | No | |
$0 | Varies by asset | None | - | No | No | |
$0 | Not specified | Not generally offered | - | No | No | |
$0 | N/A | N/A | - | Yes | No | |
No official minimum deposit | Varies by asset | Up to 1:100 for certain instruments | 3.2 | Yes | No | |
- | - | - | - | Yes | Yes | |
1$ | - | - | - | Yes | Yes | |
- | - | - | 3.8 | Yes | Yes | |
$5 | - | 1:30 | 4.1 | Yes | Yes | |
$10 | - | 1:500 | 1.5 | Yes | Yes | |
10$ | - | 1:500 | - | Yes | Yes | |
- | - | - | 2.8 | Yes | Yes | |
$1 | - | - | - | Yes | Yes | |
- | - | 1:500 | - | Yes | Yes | |
100$ | - | - | - | Yes | Yes | |
250$ | - | Up to 1:500 | - | Yes | Yes | |
$0.0012 | - | - | - | Yes | Yes | |
$250 | - | Maximum leverage of 1:400 | 2.3 | Yes | Yes | |
$250 | - | Max leverage 1:500 | 1.3 | Yes | Yes | |
$500 | - | 1:6 | 4.6 | Yes | Yes | |
- | - | Starts at 1:20 | 2.1 | Yes | Yes | |
1$ | - | 1:400 | 3.6 | Yes | Yes | |
- | - | - | - | Yes | Yes | |
138$ | - | 1:100 | 4.3 | Yes | Yes | |
10$ | - | Not applicable for GC Option, max 1:500 on Grand Capital | 2.5 | Yes | Yes | |
- | - | 1:3000 | 4.8 | Yes | Yes | |
$10 | - | 1:500 | 4.7 | Yes | Yes | |
5$ | - | - | 3.4 | Yes | Yes | |
- | - | 1:500 | 4.7 | Yes | Yes | |
200$ | - | Up to 1:500 | 4.4 | Yes | Yes | |
$0 | Not specified | Up to 1:50 for Forex | 1.5 | Yes | No | |
$20 | - | - | 4.5 | Yes | Yes | |
$500 | - | - | - | Yes | Yes | |
- | - | - | 4 | Yes | Yes | |
250$ | - | 1:30 | 4.3 | Yes | Yes | |
$100 | - | - | 4 | Yes | Yes | |
- | - | 1:500 | 4.6 | Yes | Yes | |
1$ | - | - | - | Yes | Yes | |
20$ | - | - | - | Yes | Yes | |
- | - | - | - | Yes | Yes | |
0$ | - | Up to 1:2000 | - | Yes | Yes | |
100$ | - | - | - | Yes | Yes | |
- | - | - | - | Yes | Yes | |
$5 | - | - | - | Yes | Yes | |
- | - | up to 1:500 | - | Yes | Yes | |
$100 | - | 1:1000 | 4.1 | Yes | Yes | |
- | - | - | 4.6 | Yes | Yes | |
- | - | - | - | Yes | Yes | |
$100 | - | Up to 1:500 | 4.9 | Yes | Yes | |
$0 | - | 1:500 | - | Yes | Yes | |
$5 | - | Up to 1:3000 | 4.3 | Yes | Yes | |
$1 | - | 1:500 | 4.4 | Yes | Yes | |
$200 | - | 1:2000 | - | Yes | Yes | |
- | - | - | - | No | No | |
- | - | - | - | Yes | Yes |