7 Most Reliable Binary Options Brokers in South Korea

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.

Content

Below is a list of the most trustworthy binary options for South Korean traders:

  1. Expert Option: Most Beginner-friendly binary options trading platform.
  2. Pocket Option: Top-rated binary options trading platform with high leverage.
  3. Olymp Trade: Easy-to-use binary options trading website interface.
  4. VideForex: The best high-deposit trading platform for South Koreans
  5. IQ Option: The most user-friendly binary options trading website.
  6. Quotex: Overall best binary trading broker for South Koreans.
  7. Binomo: Credible trading broker for first-time traders.

Discover top binary options brokers tailored to your region. Browse our curated lists by country:

All Brokers | Top Brokers | USA | Canada | UK | Australia | Nigeria | India | New Zealand | Germany | Turkey | Spain | France | Ukraine | China | Indonesia | Pakistan | Bangladesh | Russia | Mexico | Japan | Brazil | Philippines | Vietnam | Iran | South Africa | Italy | Argentina

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.

Further reading

Expert Option: Most Beginner-friendly Binary Options Trading Platform

Expert Option in South Korea

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.

Expert Option in South Korea Sign-up

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 in South Korea 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

Expert Option in South Korea Trading Features

Expert Option in South Korea Trading Features

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.

Expert Option in South Korea Mobile App

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.

Further reading

Pocket Option: Top-rated Binary Options Trading Platform with High Leverage

Pocket Option in South Korea

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.

Pocket Option in South Korea Sign-up

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.

Pocket Option in South Korea Trading Features

Pocket Option in South Korea Trading Features

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).

Pocket Option in South Korea Mobile App

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

Further reading

Olymp Trade: Easy to use Binary Options Trading Website for Beginners

Olymp Trade in South Korea

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.

Olymp Trade in South Korea Sign-up

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.

Olymp Trade in South Korea Trading Features

Olymp Trade in South Korea Trading Features

Olymp Trade in South Korea Trading Features

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.

Olymp Trade in South Korea Mobile 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.

Further reading

VideForex: the Best High-deposit Trading Platform for South Koreans

VideForex in South Korea

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.

VideForex in South Korea Sign-up and Verification Process

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

VideForex in South Korea Trading Features

VideForex in South Korea Trading Features

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.

videforex-in-south-korea

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.

Further reading

IQ Option: Most User-friendly Binary Options Trading Website

IQ Option in South Korea

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.

IQ Option in South Korea Sign-up

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.

IQ Option in South Korea Trading Features

IQ Option in South Korea Trading Features

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.

IQ Option in South Korea Mobile App

IQ Option in South Korea Mobile App

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.

Further reading

Quotex: Overall Best Binary Trading Broker for South Koreans

Quotex in South Korea

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.

Quotex in South Korea Sign-up

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

Quotex in South Korea Trading Platform

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.

Quotex in South Korea Trading Features

Quotex in South Korea Trading Features

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.

Quotex in South Korea Mobile App

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

Further reading

Binomo: Credible Trading Broker for First Timers

Binomo in South Korea

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.

Binomo in South Korea Sign-up

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

Binomo in South Korea 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.

Binomo in South Korea Trading Features

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.

Binomo in South Korea Mobile 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

Further reading

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.

    • binary.com
      binary.com
      4.4/5
      Read review Start trading

      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.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.5 USD
      Regulator
      Vanuatu Financial Services Commission (VFSC), Labuan Financial Services Authority, Malta Financial Services Authority
      Min. deposit
      5 USD
      Bonus
      No bonus currently offered
    • Binomo
      Binomo
      4.2/5
      Read review Start trading

      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.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      $1
      Regulator
      International Financial Commission (IFC)
      Min. deposit
      $10
      Bonus
      Up to 100% on deposit
    • Expert Option
      Expert Option
      4.1/5
      Read review Start trading

      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.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      $1
      Regulator
      Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA)
      Min. deposit
      $10
      Bonus
      Up to 100% on deposit
    • IQ Option
      IQ Option
      4/5
      Read review Start trading

      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.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      $1
      Regulator
      CySEC
      Min. deposit
      $10
      Bonus
      Occasional promotions and trading competitions
    • Binarium
      Binarium
      4/5
      Read review Start trading

      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%.
      Crypto Coins
      Yes
      Demo account
      No
      Min. Trade
      Not specified
      Regulator
      Not regulated by any major authority
      Min. deposit
      $5
      Bonus
      Up to 100% deposit bonus
    • IG.com
      IG.com
      3.9/5
      Read review Start trading

      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.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      ASIC, FCA (UK), MAS (Singapore), BMA, CFTC, DFSA, FINMA, FSCA, JFSA
      Min. deposit
      $250
      Bonus
      None
    • SPECTRE.AI
      SPECTRE.AI
      3.8/5
      Read review Start trading

      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.
      Crypto Coins
      Yes
      Demo account
      No
      Min. Trade
      $1
      Regulator
      None
      Min. deposit
      $10
      Bonus
      None
    • Alpari
      Alpari
      3.7/5
      Read review Start trading

      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.
      Crypto Coins
      Yes
      Demo account
      No
      Min. Trade
      0.01 Lot
      Regulator
      Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA)
      Min. deposit
      100 USD
      Bonus
      Loyalty Cashback, Deposit Bonus
    • Dukascopy
      Dukascopy
      3.4/5
      Read review Start trading

      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.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      FINMA
      Min. deposit
      100 USD
      Bonus
      Equity Bonus, Discount Program, Anniversary Bonus
    • Intrade.Bar
      Intrade.Bar
      3.4/5
      Read review Start trading

      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.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      1 USD
      Regulator
      -
      Min. deposit
      10 USD
      Bonus
      100% Deposit Bonus
    • Close Option
      Close Option
      3.4/5
      Read review Start trading

      Close Option's trading platform has various currency pairs, including well-known ones like USD and EUR as well as cryptocurrencies like ETH/USD. Traders can only use their money, as the platform does not provide leverage. Another drawback is that weekend trading isn't available to protect traders' money during high market changes. Close Option warns about possible delays in processing prices, which may cause slight price differences, leading to profit or loss.

      Pros
      • Authorized by a reliable financial National Bank of Georgia.
      • Payment amounts grow in proportion to increased trading volumes.
      • Several channels for contacting round-the-clock technical help.
      Cons
      • A limited selection of trading assets
      • No weekend trading, and no leverage available
      • You can make payments on accounts with smaller deposits than rival brokers.
      Crypto Coins
      Yes
      Demo account
      No
      Min. Trade
      0.01 lots
      Regulator
      Not regulated by any major authority
      Min. deposit
      $100
      Bonus
      Up to 100% Deposit Bonus
    • CloseOption
      CloseOption
      3.4/5
      Read review Start trading

      CloseOption provides an extensive collection of forex and crypto Options. Its minimal user interface and low deposit threshold also make it appealing to traders of all experience levels. What else could you want from a Binary Options broker?

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      5$
      Bonus
      Weekly trading contests with prizes.
    • Insta Forex
      Insta Forex
      3.3/5
      Read review Start trading

      InstaForex is a reliable and professional service for traders of all types, from beginners to experienced traders. There are various account types available, a low minimum order, and over 2,500 forex instruments. Customer reviews are positive, especially praising their excellent customer service. The website is easy to use, providing quick access to information.

      Pros
      • The broker offers products for passive investments, such as copy trading services and PAMM accounts
      • The broker has unconventional technical solutions like Stock Basket, OYS accounts, InstaSpot (P2P spot trading), etc.
      Cons
      • Restrictions create difficult circumstances for European retail traders
      • Up to 15 seconds, a lag may occur between a deal completed by a trader and the trade replicated to the investor's account on the social trading platform.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      BVI FSC, CySEC
      Min. deposit
      $1
      Bonus
      Welcome bonuses, No Deposit Bonus, Club Bonus, 55% Bonus, 30% Bonus, 100% Bonus
    • Hirose
      Hirose
      3.3/5
      Read review Start trading

      Alright, let's talk about Hirose. From what folks have been saying online, it seems like this broker is getting some mixed feedback. On the positive side, users appreciate their user-friendly platform and commend them for the decent customer support they provide – always a plus when you're navigating the trading world. However, there are whispers about withdrawal issues that might raise an eyebrow or two. Some traders aren't too thrilled about delays in getting their money out, which can be a bit of a downer if you need your funds quick. And while every service has its ups and downs, it's worth noting that these reviews give us a heads-up on what to expect. Just remember, take everything with a grain of salt and do your own research too!

      Pros
      • Regulated by FCA
      • Low minimum deposit
      • MT4 platform
      • Islamic account option
      Cons
      • Limited trading instruments
      • No MetaTrader 5
      • No social or copy trading
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      FCA (UK)
      Min. deposit
      $20
      Bonus
      No
    • EOption
      EOption
      3.2/5
      Read review Start trading

      The eOption broker is a stockbroker in the US, which means it's more suitable for American traders. One can start with just $1, but you might need at least $25,000 if you're from another country. Most US brokers, including eOption.com, require a $2,000+ deposit for margin trading. However, eOption stands out with lower commissions for trading options. The downside is the limited investment options. They only offer the Auto Trading service, which might cater to more experienced traders.

      Pros
      • No minimum deposit is needed for US residents to open cash trading accounts.
      • Securities Investor Protection Corporation (SIPC) provides access to FINRA membership and safeguards client funds.
      Cons
      • There are a few investment options available for generating passive income.
      • The business's website does not offer a live chat feature.
      Crypto Coins
      Yes
      Demo account
      No
      Min. Trade
      Not specified
      Regulator
      Financial Industry Regulatory Authority (FINRA), SEC
      Min. deposit
      $500
      Bonus
      None reported
    • FINRALLY
      FINRALLY
      2.8/5
      Read review Start trading

      Discover the world of online trading with FINRALLY, a broker that's making waves among traders for its user-friendly platform and exceptional service. Clients rave about the seamless experience from sign-up to trade execution, highlighting the ease with which they can navigate through market opportunities.

      FINRALLY sets itself apart with unique features that cater to both novice and experienced traders. Their cutting-edge tools are designed to empower your trading strategies, while their dedicated support team is always on hand to ensure you're never left in the dark. Join a growing community of satisfied traders who have found a reliable partner in FINRALLY for their investment journey.

      Pros
      • The ability to invest in a fixed yield account for trust management
      • Prompt money withdrawal
      • A demo account is available.
      Cons
      • The broker is not regulated./li>
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      Not specified
      Regulator
      Not regulated by any major authority
      Min. deposit
      $250
      Bonus
      Up to 100% deposit bonus
    • Grand Capital
      Grand Capital
      2.7/5
      Read review Start trading

      Grand Capital is a New York-based broker focusing on advanced technology, using ECN to place orders in the currency market. Grand Capital prioritizes safety, with a separate cryptocurrency account and blockchain protection called Serenity. Customers can use Grand Capital’s proprietary platform as well as the MT4 and MT5 platforms. The downside of Grand Capital is the high fees for specific accounts and withdrawals.

      Pros
      • Direct access to Currenex guarantees rapid order execution in ECN accounts and comparatively low spreads. It facilitates passive investment. The Financial Commission regulates the broker.
      Cons
      • Stock binary options are not available
      • Uncontrolled brand
      • Fees incurred with withdrawals.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      FinaCom PLC
      Min. deposit
      $10
      Bonus
      Deposit Bonus, No Deposit Bonus, Contests
    • GC Option
      GC Option
      2.5/5
      Read review Start trading

      In a space crawling with scam brokers, GC Option is a lifesaver.

      GC Option earns a TB score of 5 out of 10, due in part to its minimalist approach to trading, competitive payouts, and prompt customer support.

      Pros- Competitive payout that goes as high as 86% - Both proprietary and MT4 trading platforms are available - Beginner-friendly - Demo account with $10,000 pre-loaded as virtual funds - Offers multiple account types
      Cons- Isn’t a regulated broker - Not a massive selection of assets - Not available in the US.
      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      FinaCom
      Min. deposit
      10$
      Bonus
      The maximum bonus amount offered by GC Option is capped at $10,000.
    • Raceoption
      Raceoption
      2.3/5
      Read review Start trading

      RaceOption is a worldwide trading company which specializes in forex binary options and copy trading. The broker has three account types and a demo option suitable for all traders. The platform is website-based, meaning no installations are necessary to get started. There are no extra fees. RaceOption does not offer training, but it is available to all traders worldwide, helping users make money actively or passively.

      Pros
      • The broker offers various ways you can generate income
      • Users have access to numerous deposit and withdrawal methods
      • The broker provides services to traders globally.
      Cons
      • The broker charges a commission of 5% when VISA cards are used to deposit or withdraw
      • No training or educational materials available.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      $1
      Regulator
      None
      Min. deposit
      $25
      Bonus
      20-100% deposit bonus depending on the amount
    • London Capital Group
      London Capital Group
      1.9/5
      Read review Start trading

      LCG Trader started in 1996. LCG Trader wants to give good services and keep trading affordable to its clients. You only need $10 to open an account. They help beginner traders with training and learning materials. If you're Muslim, they have swap-free accounts. LCG mainly works with active traders, so no passive income programs or contests. But, be aware they can't work with people from certain countries like Australia, Canada, and the USA.

      Pros
      • Low minimum deposit requirements.
      • They have many trading instruments.
      • It offers Islamic accounts.
      Cons
      • The broker does not accept clients from certain countries.
      • Support for customers is closed on weekends.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 lots
      Regulator
      FCA (UK)
      Min. deposit
      100 GBP
      Bonus
      None
    • MaxiMarkets
      MaxiMarkets
      1.8/5
      Read review Start trading

      MaxiMarkets is an experienced online brokerage aiming to lead this field. They offer top-notch tools and various assets for traders to maximize profits. Established in 2008, MaxiMarkets has grown rapidly, allowing clients worldwide to trade forex, crypto, stocks, commodities, and indices. It operates from St. Vincent and Grenadines and is an offshore broker without official regulation. They provide advanced MetaTrader 4 (MT4) platforms for seamless desktop, web, and mobile trading experiences. Their own user-friendly platform suits beginners. They offer many tradable assets with competitive fees based on the account type and initial deposit amount.

      Pros
      • It has many tradable assets.
      Cons
      • It doesn't accept US clients
      • It is not regulated
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      Not regulated by any major authority
      Min. deposit
      $500
      Bonus
      Varies (subject to current promotions)
    • Nadex
      Nadex
      1.7/5
      Read review Start trading

      Nadex is a trustworthy, CFTC-regulated broker which has secure accounts at Fifth Third Bank. Users enjoy easy access to liquidity providers, no limits on daily trading orders, and the option to open short-, medium-, or long-term positions.

      The broker's unique platform has over 2400 assets and some safety features like stop orders. It's more suitable for experienced traders due to its relatively high minimum deposit ($250) and withdrawal fee ($25 per request).

      Pros
      • CFTC regulates the broker
      • A wide range of tradable assets
      • The broker's binary options toolkit is simple to operate.
      Cons
      • The broker charges a $1 commission for each trade
      • The broker offers only three types of options.
      Crypto Coins
      Yes
      Demo account
      No
      Min. Trade
      $1
      Regulator
      CFTC
      Min. deposit
      $250
      Bonus
      None
    • 365 trading
      365 trading
      1.6/5
      Read review Start trading

      365 Trading lets you trade binary options quickly and easily. The platform responds to user feedback and uses that feedback to continually improve their platform. Users enjoy the different tools available on the platform, such as the unique charting tool, and customers can switch between line graphs and candlesticks. The broker also has a robot for the latest news. It's a great choice for beginners, as it has training videos. The platform is in English, Norwegian, Swedish, Danish, and German.

      Pros
      • This broker offers up to 85% in returns
      • Educational materials are available for novice traders
      • Offers an unlimited maximum bonus.
      Cons
      • The required minimum deposit is relatively high at $100.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.01 Lot
      Regulator
      CySEC
      Min. deposit
      $100
      Bonus
      No
    • Binarycent
      Binarycent
      1.5/5
      Read review Start trading

      Binarycent is a broker for binary options. Visa Inc. and Mastercard Inc. check the broker to ensure your information is safe with SSL encryption.

      Even though it's not regulated, you can make money using their Copy Trades Tool and an affiliate program. The website is easy to use in 8 languages, but some parts are only in English.

      Pros
      • Quick and straightforward registration process
      • Fast and convenient money withdrawal.
      Cons
      • The broker operates without a license or other regulations
      • Lack of instructional materials
      • A sizable minimum deposit amount is required.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      0.1 lot
      Regulator
      None
      Min. deposit
      $250
      Bonus
      Up to 100% deposit bonus
    • IQCent
      IQCent
      1.5/5
      Read review Start trading

      If you trade frequently and aggressively, using leverage, IQCent is the forex broker for you.

      If you also want to make the most of your idle funds, this platform has options to help you maximize yields.

      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      IFMRRC
      Min. deposit
      $10
      Bonus
      Bonus programs can start at 20% of the deposit value
    • E*Trade
      E*Trade
      1.1/5
      Read review Start trading

      Discover the world of trading with a broker that combines innovation and ease. E*Trade stands out as a user-friendly platform, perfect for both novice and seasoned investors alike. With its cutting-edge tools and resources, you're equipped to make informed decisions on a wide array of investment options from stocks to ETFs.

      E*Trade is renowned for its robust mobile app, ensuring you have the power to manage your investments anytime, anywhere. The platform's commitment to providing educational support empowers you to grow your knowledge while expanding your portfolio. Join a community of traders who value a seamless, supportive, and dynamic trading experience. Start your investment journey today and take part in the financial markets with confidence!

      Pros
      • $0 commission trades for stocks and ETFs
      • Extensive research and educational resources
      • Advanced trading platforms
      • Robo-advisory services
      Cons
      • Limited product portfolio
      • No forex or crypto trading
      • Higher margin rates
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      Not specified
      Regulator
      SEC, Financial Industry Regulatory Authority (FINRA)
      Min. deposit
      $0
      Bonus
      None specified
    • E-Trade
      E-Trade
      1.1/5
      Read review Start trading

      Etrade is great for both active trading and medium-term investments. Both their mobile platforms give you all the services you need.
      There are no extra fees when you trade stocks and options in the US. That makes people want to invest with them. Etrade is also involved in pension insurance, which makes them really attractive. Signing up on their website is very easy.

      Pros
      • There are no commissions when working with stock options on American exchanges.
      • They have twenty-four-hour customer support.
      Cons
      • The website is only in English.
      • Training is provided in English only.
      • Leverage is limited and cannot exceed 50% of the trader's funds.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      Not specified
      Regulator
      Financial Industry Regulatory Authority (FINRA), SEC
      Min. deposit
      $500
      Bonus
      None specified
    • OLYMP TRADE
      OLYMP TRADE
      Read review Start trading

      Olymp Trade is a relatively new options market player, but it's already proving itself as a reliable broker. Olymp Trade offers a user-friendly platform, doesn't charge commissions, accepts low deposits, and provides support all the time in many languages.

      Both experienced and new traders like using the broker for its easy registration and simple terminal. Some users complain about slow fund withdrawals, but Olymp Trade's support is praised for being quick and efficient, making it a top choice in binary options.

      Pros
      • The broker has a convenient platform interface
      • You can open a trading account with a deposit of just $10.
      Cons
      • The broker needs more instruments
      • You might experience delays when withdrawing funds.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      $1
      Regulator
      FinaCom PLC
      Min. deposit
      $10
      Bonus
      Deposit bonuses, Regular contests and promotional offers
    • RingoTrade
      RingoTrade
      0/5
      Read review Start trading

      They're under Binolux Ltd in St. Vincent and the Grenadines. The main selling point is their easy-to-use platform. They have good support and a low minimum deposit; you can get help at their branch. They provide a demo account where you can practice with virtual money. The actual account needs a $10 deposit, but you get high payouts, 24/7 support, and bonuses. The platform works well on mobile, with quick and steady operations, available 24/7.

      Pros
      • Its low minimum deposit makes it easy for traders with a low budget to get started.
      Cons
      • Ringo services are exclusively available to residents of Kyrgyzstan.
      Crypto Coins
      Yes
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      10 OPEX (Kyrgyzstani Som)
      Bonus
      -
    • DAXrobot
      DAXrobot
      Read review Start trading

      If you want an automated trading platform that lets bots do the work for you, DAXrobots is a great choice. It offers a diverse range of assets (like forex pairs, crypto, and stocks) and lets you access Binary Options, eliminating spreads and trading fees from the discussion.

      Pros- User-friendly UI -Automated trading support - Access to stock, index, crypto, and other CFDs - Supports a diverse range of payment methods - Live support is available 24x7
      Cons- Limited broker access - Doesn’t work under regulatory oversight - High deposit threshold - Doesn’t allow to test bots on the demo interface (included as a con)
      Crypto Coins
      No
      Demo account
      Yes
      Min. Trade
      -
      Regulator
      -
      Min. deposit
      250$
      Bonus
      20% to 200%

    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.

    BrokerMin. DepositMin. OrderLeverageRatingMargin TradingGuaranteed Stop Loss
    1.Pocket Option
    $5$1Up to 1:100-NoNo
    2.IQ Option
    $10$1Up to 1:1000 for forex, varies for other instruments4YesNo
    3.Alpari
    100 USD0.01 Lotup to 1:10003.7NoNo
    4.10 TradeFX
    $1000.01 LotUp to 1:500-YesNo
    5.Quotex
    $10$1Up to 1:500-YesNo
    6.Raceoption
    $25$1N/A2.3NoNo
    7.City Index
    $1000.01 lotsUp to 1:30 for retail clients, 1:300 for professional clients-YesYes
    8.Binarium
    $5Not specifiedUp to 1:10004NoNo
    9.binary.com
    5 USD0.5 USDUp to 1:10004.4YesNo
    10.Expert Option
    $10$1Up to 1:5004.1YesNo
    11.Binomo
    $10$1Up to 1:10004.2YesNo
    12.OLYMP TRADE
    $10$1Up to 1:400-YesNo
    13.ETORO
    $200Varies by assetUp to 1:30 for retail clients, higher for professional clients4.2YesNo
    14.OptionRobot
    Not availableNot availableNot available2.5NoNo
    15.365 trading
    $1000.01 LotUp to 1:30 for retail clients, 1:500 for professional clients1.6YesNo
    16.FINRALLY
    $250Not specifiedUp to 1:10002.8YesNo
    17.JustForex
    $10.01 Lotup to 1:3000-YesNo
    18.AvaTrade
    $1000.01 LotsUp to 1:4004.7YesNo
    19.Binarycent
    $2500.1 lotup to 1:1001.5YesNo
    20.Orbex
    $2000.01 lotsUp to 1:5004YesNo
    21.Dukascopy
    100 USD0.01 lotsup to 1:2003.4YesNo
    22.BDSwiss
    $1000.01 lotsup to 1:5001.5YesNo
    23.Plus500
    $1000.01 LotUp to 1:3004.1YesNo
    24.Forex Club
    $2000.01 lotUp to 1:5003.8YesNo
    25.Insta Forex
    $10.01 LotUp to 1:10003.3YesNo
    26.Xm.com
    $50.01 lotsup to 1:8883.8YesNo
    27.Freshforex
    $2000.01 lotsup to 1:2000-YesNo
    28.Libertex
    100 USD0.01 of the lotup to 1:30 for retail clients, up to 1:600 for professional clients3.9YesNo
    29.Teletrade
    100 USD0.01 LotUp to 1:5001.8YesNo
    30.BinBotPro
    250 USD1 USD1:502.4NoNo
    31.Nadex
    $250$11:11.7NoNo
    32.Forex4You
    $10.01 LotUp to 1:10003.8YesNo
    33.SPECTRE.AI
    $10$1None3.8NoNo
    34.Hirose
    $200.01 lotsup to 1:3003.3YesNo
    35.IG.com
    $2500.01 lotsUp to 1:30 for retail clients, 1:200 for professional clients3.9YesYes
    36.Grand Capital
    $100.01 Lotup to 1:10002.7YesNo
    37.FxPro
    $1000.01 lotsUp to 1:5004.4YesNo
    38.Markets.com
    $1000.01 LotUp to 1:3004.1NoNo
    39.FXTM
    $100.01 lotsUp to 1:20003.8YesNo
    40.FXCM
    $500.01 lotsUp to 1:400-YesNo
    41.Trade.com
    $1000.01 LotUp to 1:3003.4YesNo
    42.Tickmill
    100 USD0.01 LotUp to 1:5004.2YesNo
    43.XTB
    -0.01 LotUp to 1:5004YesNo
    44.ForTrade
    $1000.01 LotUp to 1:30 for retail clients, up to 1:200 for professional clients2.1YesNo
    45.RoboForex
    10 USD0.01 Lotup to 1:20002.5YesNo
    46.World Forex
    $10.01 Lotup to 1:10003YesNo
    47.HYCM
    $1000.01 lotsup to 1:5003.8YesNo
    48.Forex.com
    $500.01 lotsUp to 1:2004.7YesNo
    49.OANDA
    $00.01 micro lotsUp to 1:50 for US clients, varies for other regions3.4YesNo
    50.Spread EX
    N/AN/AN/A4.4NoNo
    51.Ayondo
    100 EUR/USD/GBP0.01 lotsUp to 1:2003.6YesNo
    52.ZuluTrade
    100 USDN/AUp to 1:1000 (Varies by broker and regulation)3.6YesNo
    53.EOption
    $500Not specifiedUp to 6:1 for day trades, 2:1 for overnight positions3.2YesNo
    54.CMC Markets
    0 GBP0.01 lotsUp to 30:1 for retail clients, up to 500:1 for professional clients4YesYes
    55.TradeStation
    $500Varies by assetUp to 1:50 for stocks, varies for other instruments4.5YesNo
    56.IC Markets
    $2000.01 lotsUp to 1:5004.8YesNo
    57.GKFX
    Variable depending on account type and region0.01 lotsUp to 1:10003.2YesNo
    58.Admiral Markets
    $2000.01 lotsUp to 1:30 for retail clients, up to 1:500 for professional clients3.9YesNo
    59.Easy Markets
    $1000.01 lotUp to 1:4004.3YesYes
    60.ThinkMarkets
    $0 for Standard Account, $500 for ThinkZero Account0.01 lotsUp to 1:500 for Forex4.3YesNo
    61.London Capital Group
    100 GBP0.01 lotsUp to 1:30 for retail clients, up to 1:300 for professional clients1.9YesNo
    62.Ally Invest
    $0Not specifiedNot applicable for U.S. based investment brokers1.2YesNo
    63.TD Ameritrade
    $0N/AUp to 1:50 for Forex (for professional clients)1.2YesNo
    64.Interactive brokers
    $0 for IBKR Lite, $100 for IBKR ProNo minimum order sizeUp to 1:50 for stocks, varies for other instruments3YesNo
    65.OCTAFX
    $500.01 LotUp to 1:5004.3NoNo
    66.AAATrade
    $5000.01 lotsup to 1:30 for retail clients, up to 1:200 for professional clients3.1YesNo
    67.IronFx
    $1000.01 Lotup to 1:10003.1YesNo
    68.Umarkets
    $5000.01 lotsUp to 1:4001.3YesNo
    69.NordFX
    $100.01 Lotup to 1:10004.4YesNo
    70.E*Trade
    $0Not specifiedUp to 1:50 for stocks1.1YesNo
    71.E-Trade
    $500Not specifiedUp to 1:50 for stocks1.1YesNo
    72.SimpleFX
    No minimum deposit0.01 lotsUp to 1:5002.6YesNo
    73.NPBFX
    $100.01 Lotup to 1:10003.4YesNo
    74.Exness
    $10.01 Micro LotUp to 1:20004.6YesNo
    75.AlfaForex
    $2000.01 Lotup to 1:1003.5YesNo
    76.Intrade.Bar
    10 USD1 USD1:1003.4NoNo
    77.xDirect
    1000.01Up to 1:200-YesYes
    78.Mercatox
    ---1.5NoNo
    79.Saxo bank
    $2,000Varies by asset classUp to 1:30 for retail clients, higher for professional clients3.7YesNo
    80.Darwinex
    500 EUR0.01 lotsup to 1:2003.4YesNo
    81.Fibo Group
    $500.01 LotUp to 1:10002.3YesNo
    82.Swissquote
    1000 CHF or equivalentNot specifiedUp to 1:100 for Forex3.4YesNo
    83.CXMARKETS
    100 USD/EUR/GBP0.01 lotUp to 1:800 (varies by instrument and regulatory requirements)-YesYes
    84.CLM Forex
    $1000.01 lotsup to 1:5003.7YesNo
    85.Vantage FX
    $2000.01 LotUp to 500:13.5YesNo
    86.Weltrade
    $250.01 Lotup to 1:1000-YesNo
    87.Close Option
    $1000.01 lotsUp to 1:5003.4NoNo
    88.SuperForex
    $10.01 Lotup to 1:10001.9YesNo
    89.RingoTrade
    10 OPEX (Kyrgyzstani Som)-Up to 1:3000 (unverified, reported on forums)-YesNo
    90.LiteForex
    $500.01 lotup to 1:500-YesNo
    91.EXANTE
    10,000 USDNot specifiedUp to 1:502.5YesNo
    92.Gerchik & Co
    $5000.01 lotup to 1:1002.9YesNo
    93.MaxiMarkets
    $5000.01 Lotup to 1:2001.8YesNo
    94.ROBINHOOD
    $01 share or $1 for fractional sharesN/A-NoNo
    95.FISHER INVESTMENTS
    N/AN/AN/A-NoNo
    96.WEBULL
    $0Not specifiedUp to 1:4 for stocks-YesNo
    97.WEALTHFRONT
    $500N/AN/A-NoNo
    98.Bitbns
    Not specifiedNot specifiedNot applicable-YesNo
    99.Angel Broking
    INR 0Not specifiedUp to 6x for equity intraday, varies for other segments-YesNo
    100.M1 FINANCE
    $100$1Not applicable-NoNo
    101.Digifinex
    $0.10Varies by assetUp to 1:3 for cryptocurrencies-YesNo
    102.ROOFSTOCK
    $5,0001 propertyN/A-NoNo
    103. Revolut
    В зависимости от страны и типа учетной записиN/AN/A-NoNo
    104.Pionex
    No minimum deposit requirementVaries depending on the cryptocurrencyUp to 3x for some trading pairs-YesNo
    105.Phemex
    $0Varies by assetUp to 100x for cryptocurrencies-YesNo
    106.Vanguard
    $01 share or $1 for ETFs and mutual fundsNot typically offered-NoNo
    107.Uphold
    $0Varies by assetNone-NoNo
    108.Merrill Edge
    $0Not specifiedNot generally offered-NoNo
    109.Fidelity
    $0N/AN/A-YesNo
    110.BitMart
    No official minimum depositVaries by assetUp to 1:100 for certain instruments3.2YesNo
    111.AxiTrader
    ----YesYes
    112.Moomoo
    1$---YesYes
    113.NinjaTrader
    ---3.8YesYes
    114.Trading.com
    $5-1:304.1YesYes
    115.IQCent
    $10-1:5001.5YesYes
    116.EagleFX
    10$-1:500-YesYes
    117.Forex Chief
    ---2.8YesYes
    118.Bitrue Crypto Exchange
    $1---YesYes
    119.FXCC
    --1:500-YesYes
    120.Eightcap
    100$---YesYes
    121.DAXrobot
    250$-Up to 1:500-YesYes
    122.Coinexx
    $0.0012---YesYes
    123.LiquidityX
    $250-Maximum leverage of 1:4002.3YesYes
    124.InvestMarkets
    $250-Max leverage 1:5001.3YesYes
    125.TradeZero
    $500-1:64.6YesYes
    126.LexaTrade
    --Starts at 1:202.1YesYes
    127.IFC Markets
    1$-1:4003.6YesYes
    128.NSBroker
    ----YesYes
    129.E8 Funding
    138$-1:1004.3YesYes
    130.GC Option
    10$-Not applicable for GC Option, max 1:500 on Grand Capital2.5YesYes
    131.AMarkets
    --1:30004.8YesYes
    132.HankoTrade
    $10-1:5004.7YesYes
    133.CloseOption
    5$--3.4YesYes
    134.Fusion Markets
    --1:5004.7YesYes
    135.Pepperstone
    200$-Up to 1:5004.4YesYes
    136.Charles Schwab
    $0Not specifiedUp to 1:50 for Forex1.5YesNo
    137.Capital.com
    $20--4.5YesYes
    138.ATFX
    $500---YesYes
    139.Degiro
    ---4YesYes
    140.Naga
    250$-1:304.3YesYes
    141.iForex
    $100--4YesYes
    142.Global Prime
    --1:5004.6YesYes
    143.Tastyworks
    1$---YesYes
    144.LQDFX
    20$---YesYes
    145.ASPIRATION BANK
    ----YesYes
    146.HFM
    0$-Up to 1:2000-YesYes
    147.CMTrading
    100$---YesYes
    148.CAPITAL ONE
    ----YesYes
    149.LMFX
    $5---YesYes
    150.USG Forex
    --up to 1:500-YesYes
    151.TMGM
    $100-1:10004.1YesYes
    152.Trading 212
    ---4.6YesYes
    153.Wealthsimple
    ----YesYes
    154.FP Markets
    $100-Up to 1:500 4.9YesYes
    155.BlackBull Markets
    $0-1:500-YesYes
    156.FBS
    $5-Up to 1:30004.3YesYes
    157.Trade Nation
    $1-1:5004.4YesYes
    158.EXCLUSIVE MARKETS
    $200 -1:2000 -YesYes
    159.IQmining
    ----NoNo
    160.EXMO
    ----YesYes

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