Review of 5 best Turkey’s Binary Options Broker

Binary options trading, known for its high-risk and high-reward nature, has surged in popularity in recent years. However, in Turkey, it’s deemed illegal. The Capital Markets Board of Turkey (CMB) asserts that binary options don’t qualify as a capital market activity, hence falling outside its regulatory purview.
Despite the ban by the CMB, some foreign binary options brokers continue to accept Turkish clients.
- Top 5 Binary Options Brokers in Turkey
- 1. Pocket Option — Best Overall Binary Options Broker in Turkey
- 2. Quotex — Best Binary Options Broker for Extensive Resources
- 3. IQ Option — Top-rated Binary Broker for Maximizing Payouts
- 4. Olymp Trade — Optimal Binary Options Broker for Beginners
- 5. ExpertOption — Ideal Options Broker for Social Trading
- Conclusion
I have explored the global market to identify the top offshore brokers willing to serve you and fellow Turkish traders. These brokers are either regulated by trusted financial authorities or have a track record of over two years providing quality services, alongside a wide range of trading features and benefits.
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 | Spain | France | Ukraine | China | Indonesia | Pakistan | Bangladesh | Russia | Mexico | Japan | Brazil | Philippines | Vietnam | Iran | South Africa | Italy | South Korea | Argentina
Top 5 Binary Options Brokers in Turkey
- Pocket Option — Best Overall Binary Options Broker in Turkey
- Quotex — Best Binary Options Broker for Extensive Resources
- IQ Option — Top-rated Binary Broker for Maximizing Payouts
- Olymp Trade — Optimal Binary Options Broker for Beginners
- ExpertOption — Ideal Options Broker for Social Trading
Available in Türkçe | Turkish Lira (₺) Support | Mobile App Available in Turkey | Sign-up Bonus for Turkish Traders | |
---|---|---|---|---|
Quotex | ✅️ | ❌️ | ✅️ | ✅️ |
IQ Option | ✅️ | ❌️ | ✅️ | ❌️ |
Olymp Trade | ✅️ | ❌️ | ✅️ | ❌️ |
Pocket Option | ✅️ | ❌️ | ✅️ | ✅️ |
ExpertOption | ✅️ | ❌️ | ✅️ | ❌️ |
1. Pocket Option — Best Overall Binary Options Broker in Turkey
About
- Founded: 2017
- Headquarters: Majuro, Marshall Islands
- License: Mwali International Services Authority (MISA)
- Website Language: Turkish, English, Arabic, Russian
Founded in 2017, Pocket Option is an online trading platform based in Majuro, Marshall Islands, and operated by Gembell Limited. It’s regulated by the Mwali International Services Authority (MISA) in Comoros.
Operating offshore allows Pocket Option to offer Turkish traders diverse trading opportunities within a compliant legal framework. The platform provides an array of financial instruments and features to meet its users’ trading needs.
Sign-up and Verification
For Turkish traders, getting started with Pocket Option is straightforward. Simply create a free account using your email or sign in via Facebook or Google for added convenience. After registration, you can begin trading with a Demo Account, familiarizing yourself with the platform and practicing without risk. Account verification will be required subsequently.
For initial verification on Pocket Option, enter your full name, email, phone number, and date of birth. Choose “Turkey” as your residence and prepare identity documents such as a government-issued ID and proof of address. Webcam verification is also needed, which can be completed using a smartphone or a PC/laptop with a webcam.
Payment
- Currency Support: USD
- Payment Methods: VISA, MasterCard, Cryptocurrencies, Bank Transfer, Perfect Money, Advcash, WebMoney, Payeer.
- Minimum Deposit: $5 (≈ ₺145)
- Minimum Withdrawal: $10 (≈ ₺290)
- Bonus: – 50% of deposit
Turkish traders can transact in USD on Pocket Option since it doesn’t accept the Turkish Lira. Payment methods include VISA, Mastercard, cryptocurrencies like Bitcoin and Ethereum, and eWallets. The minimum for deposits and withdrawals is approximately ₺145 and ₺290, respectively.
Traders can also benefit from an initial deposit bonus of up to 50%, enhancing their trading experience from the start.
Assets and Transactions
- Available Assets: Forex, Indices, Commodities, Stocks, and Cryptocurrencies.
- Maximum Payouts: 95%
- Minimum Trade: $1 (≈ ₺29)
- Maximum Leverage: 1:100
Pocket Option offers traders a wide array of assets, from currency pairs and major stock indices to commodities like gold and oil, shares of renowned companies, and cryptocurrencies. Traders can potentially achieve payouts of up to 95%, potentially doubling their investments quickly.
With a minimum trade of $1, the platform is suitable for traders at all levels. Additionally, Pocket Option provides leverage up to 1:100, allowing for larger position control while highlighting responsible risk management.
Trading Platform
- Web Platform
- Mobile Platform: Mobile app on Android and iOS devices
Pocket Option boasts a user-friendly web platform loaded with features, accessible from any internet-enabled device for added flexibility. Additionally, they offer a mobile app for iOS and Android, letting traders stay connected on-the-go.
The app integrates both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, ensuring easy access to technical analysis tools, trade execution, and portfolio management.
2. Quotex — Best Binary Options Broker for Extensive Resources
About
- Founded: 2019
- Headquarters: Kingstown, St. Vincent and Grenadines
- License: Financial Market Relations Regulation Center (IFMRRC)
- Website Language: Turkish, English, Arabic, Russian
Quotex, a binary options broker, is headquartered in St. Vincent and the Grenadines, under the ownership of Awesomo Ltd. Established in 2019, it rapidly gained popularity and now boasts over 4 million traders on its platform.
Although Quotex extends its services to nearly 249 countries, including Turkey, it’s not regulated by the Capital Markets Board of Turkey (CMB). However, it is regulated by the IFMRRC. Traders appreciate Quotex for its user-friendly interface, competitive trading terms, and extensive educational resources.
Sign-up and Verification
To sign up on Quotex and begin trading digital options, traders in Turkey should follow a quick, straightforward registration process. They’ll need to complete a form with their name, email, phone number, and a secure password for account access. Upon form submission, various funding options become available for their trading accounts.
Verifying your identity on Quotex is a straightforward task. Initially, you may need to submit a scan of your passport’s photo page and a selfie for identification purposes. Additionally, verification of your registered address might be requested. Once all necessary digital documents are submitted, the verification process usually concludes within five business days.
Payment
- Currency Support: EUR, GBP, USD
- Payment Methods: Master Card, Cryptocurrencies, Perfect Money
- Minimum Deposit: €10 (≈ ₺290)
- Minimum Withdrawal: €10 (≈ ₺290)
- Bonus: 50% of deposit
Traders in Turkey can deposit and withdraw funds on Quotex using Euros, as the broker doesn’t support the Turkish Lira. Available payment methods include Mastercard, cryptocurrencies, and Perfect Money.
Traders can use popular cryptocurrencies like Bitcoin or Ethereum for transactions. The minimum amount for both deposits and withdrawals is €10, roughly ₺290. Additionally, traders have the chance to receive a bonus of up to 50% on their initial deposit, enriching their trading experience from the outset.
Assets and Transactions
- Available Assets: Forex, Crypto, Commodities, and Stocks
- Maximum Payouts: 98%
- Minimum Trade: €1 (≈ ₺29)
- Maximum Leverage: –
Quotex provides a broad array of trading products including a variety of forex pairs, enabling binary options trading on pairs like GBP/USD and EUR/USD. You can also trade in commodities, indices, and stocks.
Unlike other platforms, Quotex does not charge commission on trades. Instead, you have the opportunity to earn up to a 98% profit on your investment by accurately predicting whether the asset will close above or below the trade’s opening price. Trade expiries can be set anywhere from 5 seconds to 4 hours, providing flexibility to suit your trading strategy.
Trading Platform
- Web Platform
- Mobile Platform: Mobile app on Android devices
Quotex provides a user-friendly web-based trading platform, accessible directly through web browsers like Chrome, Safari, Opera, and Internet Explorer without any need for downloads. Upon login, users receive a demo account with €10,000 (≈ ₺290,000). For trading on-the-go, Quotex offers a mobile app available for Android devices.
Overall, both the web platform and mobile app offer a seamless trading experience, equipped with a variety of tools and features to cater to traders’ needs.
3. IQ Option — Top-rated Binary Broker for Maximizing Payouts
About
- Founded: 2013
- Headquarters: Kingstown, St. Vincent and Grenadines
- License: Cyprus Securities and Exchange Commission (CySEC)
- Website Language: Turkish, English, Arabic, French
Established in 2013, IQ Option is a binary options broker based in St. Vincent and Grenadines, regulated by the Cyprus Securities and Exchange Commission (CySEC). Known for its user-friendly interface and competitive pricing, it offers 24/7 customer support in multiple languages.
Although accessible, binary options trading through IQ Option is illegal in Turkey, leaving Turkish traders without legal protection. Despite this, IQ Option continually evolves to ensure speed, accuracy, and ease of use for its users.
Sign-up and Verification
To register as a Turkish trader, complete the necessary fields and tap “Open an Account for Free.” Enter your first and last names, choose your country of residence, and provide a valid email address.
Create a secure password and carefully review the “Terms of Agreement.” Once done, you can start trading with a $10,000 balance in your Demo Account, exploring the platform and practicing risk-free.
For full access to your genuine IQ Option account, verification is essential. Begin by verifying your email, as IQ Option will send a confirmation code to the address provided. The next step requires you to provide personal information. Enter these details with caution. Along with basic information like your residential address, you’ll also need to submit your Identification number.
Payment
- Currency Support: EUR, GBP, USD
- Payment Methods: Master Card, Visa, Cryptocurrencies, Perfect Money, Advcash
- Minimum Deposit: €10 (≈ ₺290)
- Minimum Withdrawal: €2 (≈ ₺58)
- Bonus: –
Payment transactions can be conducted in EUR, GBP, or USD. Accepted payment methods include MasterCard, cryptocurrencies, and Perfect Money. It’s notable that Turkish Lira (TRY) is not an available currency option.
The minimum deposit is €10, roughly equivalent to ₺290, and the minimum withdrawal amount is €2, around ₺58. Currently, there is no specific information available regarding bonuses for Turkish traders.
Assets and Transactions
- Available Assets: Forex, Stocks, Crypto, Commodities, and ETF
- Maximum Payouts: 95%
- Minimum Trade: €1 (≈ ₺29)
- Maximum Leverage: 1:500
IQ Option offers Turkish traders a broad range of tradable assets, facilitating market exploration and investment strategy diversification. The platform boasts a maximum payout of 95%, providing the opportunity for notable returns on successful trades.
With a minimum trade amount of €1, roughly ₺29, traders can start small and increase investments gradually. IQ Option also offers a maximum leverage of 1:500, allowing traders to amplify their positions. Expiry times vary from a brief 60 seconds to up to one calendar month, catering to different trading preferences.
Trading Platform
- Web Platform
- Mobile Platform: Mobile app on Android and iOS devices
The broker’s web platform is intuitively designed, offering Turkish traders a seamless trading experience. It boasts a variety of features like advanced charting tools, real-time market data, and multiple order types, accessible from any web browser.
Additionally, Turkish traders can utilize the broker’s mobile app, available for both Android and iOS devices, to stay connected to the markets and trade on the move.
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4. Olymp Trade — Optimal Binary Options Broker for Beginners
About
- Founded: 2014
- Headquarters: Port Vila, Republic of Vanuatu
- License: Vanuatu Financial Services Commission (VFSC)
- Website Language: Turkish, English, Arabic, Russian
Since 2014, Olymp Trade has provided a safe and regulated online trading environment. Catering to over 89 million traders across more than 130 countries, it offers access to a diverse range of financial instruments.
The growing customer base on Olymp Trade is attributed to favorable trading conditions, modern service, and advanced software, indicating a continuing upward trend. Known for its intuitive interface and assortment of simple yet effective trading tools, Olymp Trade prioritizes high-quality service.
Sign-up and Verification
Signing up for Olymp Trade is simple and user-friendly. Upon accessing the platform, you’ll find a prominent “Registration” button. Just enter your name, email, and a secure password, with the assurance that your data is handled securely. After filling out the registration form, a verification email will be sent to you. Click the verification link in the email to confirm your account.
For a secure trading environment, Olymp Trade requires additional verification documents. This usually involves submitting a copy of an official identification document (like your Turkish passport or driver’s license) and proof of address (such as a utility bill or bank statement). After a swift verification, you’ll gain full access to the extensive trading options Olymp Trade offers.
Payment
- Currency Support: USD
- Payment Methods: Master Card, VISA, Advcash, Perfect Money, Neteller, Skrill, Binance Pay, Cryptocurrencies.
- Minimum Deposit: $10 (≈ ₺290)
- Minimum Withdrawal: $10 (≈ ₺290)
- Bonus: –
Olymp Trade provides Turkish traders with a convenient and secure payment system, using USD as the main currency for transactions. They can choose from several payment methods, including bank cards, e-wallets, and cryptocurrencies.
With a minimum deposit and withdrawal amount of €10 (about ₺290), traders have the flexibility to start with a modest investment and access their funds easily when required.
Assets and Transactions
- Available Assets: Stocks, Commodities, Currency pairs, Indices and Cryptocurrencies
- Maximum Payouts: 92%
- Minimum Trade: €1 (≈ ₺29)
- Maximum Leverage: –
Olymp Trade offers a broad array of assets, from stocks and commodities to currencies, indices, and cryptocurrencies, catering to diverse trading preferences. This variety promotes portfolio diversification and capitalizing on different market trends.
Additionally, with competitive payouts of up to 92%, traders can potentially achieve substantial returns. The platform’s low minimum trade amount, starting at just ₺29, ensures both experienced and beginner traders can access and adapt to the market with ease.
Trading Platform
- Web Platform
- Mobile Platform: Mobile app on Android and iOS devices
Olymp Trade delivers a smooth trading experience via its web and mobile platforms. The web interface is user-friendly, equipped with numerous tools and indicators for informed decision-making. Turkish traders can access real-time market data, oversee positions, and trade with ease.
Available for both iOS and Android, the mobile platform lets traders engage in markets on the move, ensuring they stay connected to opportunities. Both platforms combine to offer traders convenient and adaptable access to financial markets.
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5. ExpertOption — Ideal Options Broker for Social Trading
About
- Founded: 2014
- Headquarters: Port Vila, Vanuatu
- License: Vanuatu Financial Services Commission (VFSC)
- Website Language: Turkish, English, Arabic, Russian
Founded in 2014 and based in Port Vila, Vanuatu, ExpertOption is a binary options broker regulated by the Vanuatu Financial Services Commission (VFSC). With a goal to make financial markets more accessible, it offers innovative tools and a user-friendly interface.
With over 70 million users, ExpertOption also promotes social trading, letting users connect and learn collaboratively. However, while available in Turkey, it isn’t supervised by the Capital Markets Board of Turkey (CMB).
Sign-up and Verification
To register on ExpertOption, visit their website and click on “Open an Account.” Enter your email, password, full name, phone number, and choose your preferred account currency. Ensure you read and accept the Terms and Risk Statement. You can also sign up using your Facebook, Google, or Apple ID for convenience.
For full account activation on ExpertOption, you’ll need to complete the verification process. This means uploading a government-issued ID like a passport or driver’s license. Plus, a recent utility bill or bank statement is needed to confirm your address. Go to your account settings and click the “Verification” tab to submit the required documents.
Payment
- Currency Support: USD
- Payment Methods: Maestro, MasterCard, Cryptocurrencies, Bank Transfer, Perfect Money, Neteller.
- Minimum Deposit: $10 (≈ ₺290)
- Minimum Withdrawal: $10 (≈ ₺290)
- Bonus: –
ExpertOption supports USD for transactions and offers multiple payment methods for Turkish binary traders. The minimum deposit is $10, roughly ₺290 in Turkish Lira, enabling traders to begin with a modest investment.
Withdrawals also start at $10, giving traders withdrawal flexibility. While specific bonus details aren’t provided, ExpertOption might have bonus programs, further benefiting traders’ activities.
Assets and Transactions
- Available Assets: Forex, Indices, Commodities, Stocks, and Cryptocurrencies.
- Maximum Payouts: 95%
- Minimum Trade: $1 (≈ ₺29)
- Maximum Leverage: 1:500
ExpertOption offers a variety of assets, including stocks from major NASDAQ-listed companies and indices from markets like US Wall Street, Hong Kong, and Germany. With a potential maximum payout of 95%, Turkish trades can bring notable returns.
The platform’s minimum trade amount is $1, roughly ₺29 in Turkish Lira, letting traders begin with minimal investments and scale up. ExpertOption provides leverage up to 1:500, amplifying trading positions and potential profits, but it’s crucial to remember that increased leverage also heightens risk.
Trading Platform
- Web Platform
- Mobile Platform: Mobile app on Android and iOS devices
ExpertOption provides a user-friendly trading platform suitable for all traders. Whether accessed via a web browser or the dedicated mobile app for Android and iOS, it ensures a seamless and secure trading experience.
The platform safeguards Turkish traders’ funds and personal data and offers a vast array of assets, robust analytical tools, and easy switching between demo and real accounts.
Conclusion
Binary options trading is prohibited in Turkey by the Capital Markets Board (CMB). Yet, certain offshore brokers still cater to Turkish clients. For informed decisions in Turkey’s binary options scene, our expert reviews and rankings are invaluable.
Top brokers have been expertly assessed on aspects like reputation, platform usability, asset range, and available bonuses. With this review, you can confidently select a broker matching your trading needs. Whether you’re seeking a user-friendly platform, diverse assets, or attractive bonuses, these expert insights guide traders in Turkey’s binary options market.
To enhance your decision-making, we have curated two additional resources to assist you in making an informed choice conveniently.
1. Top Binary Options Brokers Reviewed:
Explore our extensive table that provides an in-depth analysis of 118 brokers. Whether your focus is on regulatory security or diverse trading platforms, this table offers a comprehensive 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 -
Close Option
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.
YesNo0.01 lotsNot regulated by any major authority$100Up to 100% Deposit Bonus
2. Binary Options Brokers Compared:
We also provide a second table that compares 120 brokers for those who are interested in the financial characteristics of their potential broker. If you are looking for certain trading conditions or have certain budgeting concerns, this resource may be quite helpful.
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 | 3.2 | 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 | 2.8 | 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 | 3.3 | 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 | 3.5 | 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 | 2.6 | 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 | |
- | - | - | 3.9 | 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 | 4.2 | 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 |
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