List of Top Binary Brokers in the UK in 2024

Options trading in the UK dates back to the late 19th Century, originally as a hedge against commodity price fluctuations like coal and cotton. The London Stock Exchange rolled out its options trading system in the early 1980s. By the 1990s, electronic platforms made options trading more accessible.

Binary options, a newer variant, surfaced in the 2000s and came under the regulation of the Financial Service Authority (now the Financial Conduct Authority) in 2007.

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

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

Best Trading Broker Options in the UK

1. AvaTrade
2. Vide Forex
3. Close Option
4. IQCent
5. Race Option
6. Binary Cent

Best Trading Broker Options in the UK Reviewed

1. AvaTrade

AvaTrade was established in 2006 to make online trading more accessible in countries like the United Kingdom. At the time of its inception, online trading was not prominent, and AvaTrade wanted to change that by making its interface simple and easy to find and understand for beginners and new traders who wanted to explore trading.

AvaTrade offers over 1000 financial instruments, including forex, stocks, competitive spreads, 24/7 customer support, etc.

AvaTrade has a platform that is easy to navigate and an educational section for beginners to learn. AvaTrade offers numerous benefits from its support for multiple trading terminals such as MT4 and MT5, support for social trading including AvaSocial, DupliTrade, and ZuluTrade, down to its proprietary trader protection tool, AvaProtect.

AvaTrade is a complete powerhouse for binary options brokers.

It has a mobile app for both iOS and Android devices. You can download this for easy accessibility and trading.

Assets and Instruments

The asset classes available on AvaTrade aren’t limited. In fact, it’s a complete list of assets. UK binary options traders will find forex, indices, cryptocurrencies, commodities, stocks, ETFs, and Bonds.

Under forex which is categorized into three types, major, crosses, minors, and exotic, you’ll find AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, AUDCAD, AUDCHF, AUDJPY, AUDNZD, EURAUD, EURCAD, EURNZD, GBPAUD, GBPCAD, GBPJPY, GBPNZD, and NZDCAD, among many others.

Cryptocurrency pairs aren’t categorized you’ll find BCHUSD, BTCEUR, BTCJPY, BTCUSD, BTCUSD, CRYPTO10, DASHUSD, DOGEUSD, EOSUSD, LINKUSD LTCUSD, MIOTAUSD, NEOUSD, UNIUSD, XLMUSD, and XRPUSD

Under commodities, you’ll find agricultural, energies, and metals listed.

Under stocks, you’ll find USA stocks, including ALIBABA, AMAZON, GOOGLE, AMERICAN_E, APPLE, AT$&T, BERKSHIRE, BOA, CAT, CHEVRON, CISCO, BOEING, CITIGROUP COCA-COLA, DISNEY, EXXONMOBIL, FACEBOOK, and GE.

For ETFs, you’ll find EPI, EWM, EWG, EEM, EWS, EWT, EWY, among several others.

Sign Up Process for AvaTrade

1. Create an account on their website with the link dedicated to the UK citizens and residents www.avatrade.co.uk
2. You can simply sign up with your Gmail, or iCloud. After this step you can start using AvaTrade and complete full registration later.
3. Input your personal details (name, email address and your UK phone number).
4. Verify your identity.
5. Fill out a questionnaire about trading knowledge and experience.
6. Select a funding method for your account.
7. Make a deposit and begin trading.

2. VideForex

Videforex, an online trading broker based in Seychelles, extends its trading services to traders worldwide — even for UK-based traders — offering a diverse range of Options and CFD instruments.

The task can be challenging when it comes to finding a trustworthy and comprehensive Videforex review, whether you’re a local or global trader in the United Kingdom. However, here we provide an in-depth assessment of Videforex to empower traders like you to make well-informed decisions before engaging with their platform.

Videforex’s proprietary trading platform boasts a selection of over 100 financial instruments spanning various asset classes, providing UK traders with ample opportunities.

Established in 2016 and headquartered in Seychelles, Videforex operates under the umbrella of Involva Corp., a company based in the Marshall Islands. This review aims to cater to traders seeking a reliable source of information to guide their trading journey with Videforex. They also provide 24/7 customer support services

Mobile App and Trading Terminal

• Android: Not available ❌
• iOS: Not available ❌

Vide Forex doesn’t offer a mobile trading app that’s accessible to either the Play Store for Androids or the App Store for iOS to users in the UK. This is completely restructured especially for traders in the UK who have a preference for studying the chart and taking trades via a mobile application.

As a UK trader trying to use Vide Forex, you need to focus on the mobile and desktop browsers to use Vide Forex.

Assets and Instruments

Forex: 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.

Cryptocurrencies: Bitcoin (BTC), Dogecoin (DOGE), BNB, Polygon (MATIC), Quant (QNT), Ripple (XRP), Solana (SOL), ETC/USDT.

Indices: HongKong50/HKD, Spain35, Swiss20, UK100/GBP, USA30, USA500, and US-Tech100.

Commodities: At the time of writing, popular markets, including CFD on stocks, Indices, energies, and metals, aren’t available.

Sign Up Process for VideForex.

1. Go to the VideForex website
2. Fill out the registration form
3. Create an account
4. Verify your email
5. Begin Trading

3. Close Option

CloseOption, a binary options broker established in 2013, operates out of Georgia. They provide retail traders with access to over 25 assets, including forex and cryptocurrencies.

Their user-friendly trading platform offers up to 95% potential payouts and hosts weekly contests. In this CloseOption.com review, we will delve into topics such as deposits, withdrawals, app availability, demo accounts, and more.

This broker allows retail UK traders to speculate on the price movements of forex and digital currencies through a web-based platform and mobile application.

They offer multiple deposit options, including bank cards, wire transfers, e-wallets, and popular cryptocurrencies like Bitcoin. Notably, CloseOption sets a low minimum trade size of just $1.

CloseOption provides binary options trading opportunities for more than 30 fiat and digital currencies via a user-friendly web-based platform. With a choice of 15 contract time frames ranging from 30 seconds to 1 month, CloseOption caters to the needs of both short-term and long-term traders.

Additionally, new users are welcomed with a joining gift. Many UK binary options traders claim it’s a good platform that suits their trading pattern.

Mobile App and Trading Terminal

• Android: Not available ❌
• iOS: Not available ❌

This platform doesn’t come with a mobile trading app that’s accessible to either the Play Store for Androids or the App Store for iOS. To trade on Vide Forex as a trader in the UK, you’re left with using the web version that’s available on mobile and desktop devices.

The web application functions well but has its restrictions as well. No external trading terminals are supported on Close Option.

Assets and Instruments

Close Option is among the list of brokers that offer very limited assets to trade with, the currency pairs (forex) and cryptocurrencies.

Close Option claims to offer 34 currency pairs, 17 currency pairs and 17 OTC currency pairs. These are: USD/JPY, NZD/USD, GBP/CAD, EUR/AUD, GBP/AUD, EUR/NZD, AUD/JPY, USD/NOK, EUR/USD, CAD/CHF, GBP/CHF, EUR/JPY, AUD/USD, USD/CHF, USD/CAD, GBP/USD, and EUR/CAD.

You have just 7 instruments for cryptocurrencies: LTC/USD, BCH/USD, BTC/USD, and ETH/USD.

Sign Up Process for Close Option.

1. Visit their website and click on the “Open An Account” button
2. Fill out the registration form with your personal details (name, email address etc)
3. Create a username and password
4. Verify your email address
5. After verification, log in and start trading.

4. IQCent

IQCent is one of the leading binary options brokers available for UK traders and residents. Founded in 2017 and registered at Ajeltake Island, Majuro, Marshall Islands.

IQCent isn’t registered by any financial body in the United Kingdom. However, it’s accessible to UK traders and residents to benefit from its solid financial services. However, security measures are implemented to provide users with an understanding of what to expect from platform safety, like confidentiality and privacy policies.

Additionally, there are risk warnings on the volatility and loss incurred trading the market. I like the fact that IQCent is detailed regarding this. IQCent is claimed to be regulated by IFMRRC; however, the legitimacy of the regulator is questionable.

Mobile Trading App

• Android: Not available ❌
• iOS: Not available ❌

There are several restrictions associated with using the IQCent, one of the most significant is the fact that their mobile trading app isn’t available for UK traders on iOS and Android. This leaves you to rely solely on the rely on the web version, which I find to be restrictive. But you’ll get this across whatever web or mobile browser you use.

The platform has a well-defined user flow and enhanced interaction for users to capture the complete benefit of the platform. There are educational sections to help users out as well. One thing is that the list of assets isn’t long, meaning you might have to sign up for other binary options apps to discover more sophisticated pairs.

Assets and Instruments

The IQCent binary options’ assets are limited to forex and cryptocurrency.

There are just 17 instruments under forex, which are: 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.

Cryptocurrency has only 8 tradable instruments for you to select from, which are: Bitcoin (BTC), Dogecoin (DOGE), BNB, Polygon (MATIC), Quant (QNT), Ripple (XRP), Solana (SOL), ETC/USDT.

Signup Process on IQCent

This remains one of the most uncomplicated signup processes you’ll encounter. You’ll be required to provide the following details, and you’re done:

1. Email address
2. Password
3. Name (first name, preferably)
4. Surname (Last name)
5. Mobile number
6. Your default currency (it’s automatically set to GBP).
7. Finally, agree to the Terms and Risk Statement as provided.

5. Race Option

This is one of the binary options brokers available to the UK traders and residents interested in trading this market. Race Option was founded in 2017 to facilitate trades of digital options for users across the globe.

Since its launch, Race Option has achieved notable feats and has been the go-to for many beginners; on the day of writing, Race Option recorded 1,550 new users and a total trading turnover for the day to be 1,834,968.

Although the regulation on Race Option is weak, with no regulatory body from the UK like theFinancial Commission Authority (FCA) regulating the platform activity, it is registered to IFMRRC sign the License number: TSRF RU 0395 AA V0217. This generally puts the legitimacy of the broker in question.

There are several benefits associated with trading on Race Options, from the myriad of payment options — although limited — to the platform’s several features and intuitive design.

Subsequently, the educational resources offered by the platform cover core aspects of trading the available instruments, not enough to teach you how to develop a trading strategy.

Trading platform and Mobile App

• Android: Not available ❌
• iOS: Not available ❌

Race Option doesn’t offer mobile trading apps on Android and iOS for UK citizens. To be able to trade any of the trading instruments listed on the platform, you’ll need to rely on the web version which is very robust with all the necessary information and tools you’d need.

This isn’t a flexible and easy route but it is the only option available to traders. As a UK trader willing to trade with Race Option you have two options: trade on a mobile browser or a web browser.

There is also no support for trading terminals like MetaTrader 4 and MetaTrader 5.

Signup process for Race Option

You’ll be asked to provide the following details when registering for Race Option:

1. Email address
2. Password
3. Name (first name, preferably)
4. Surname (Last name)
5. Mobile number
6. Your default currency (it’s automatically set to GBP).
7. Lastly, agree to the Terms and Risk Statement as provided.

Assets and Instruments

There are four asset classes to trade on Race Option that cuts across forex, cryptocurrencies, indices, and commodities. The last part is that each asset can be traded separately over-the-counter (OTC).

Forex: 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.

Cryptocurrencies: Bitcoin (BTC), Dogecoin (DOGE), BNB, Polygon (MATIC), Quant (QNT), Ripple (XRP), Solana (SOL), ETC/USDT.

Only cryptocurrencies and forex pairs are available to be traded OTC, which are entirely separate sets of instruments. 

Indices: HongKong50/HKD, Spain35, Swiss20, UK100/GBP, USA30, USA500, and US-Tech100.

Commodities: At the time of writing, popular markets, including CFD on stocks, Indices, energies, and metals, aren’t available.

6. Binary Cent

This is among the league of binary options brokers that came out in 2017. It’s completely accessible to all United Kingdom traders who are interested in trading the financial market.

The downside of Binary Cent is that it isn’t regulated by any notable UK institution or dy that oversees financial activities such as the Financial Commission Authority (FCA).

There are several advantages that come from using Binary Cent like the intuitive design that makes the navigation quick and easy, the demo trading option of the platform, the helpful Knowledge Base, and the support for non-conventional payment methods like Bitcoin, Ethereum, and other altcoins. The social trading option present as well is superb.

Trading platform and Mobile App

• Android: Not available ❌
• iOS: Not available ❌

There are several hindrances attached to using Binary Cent, especially the absence of a mobile trading app for both iOS and Android users in the UK. There’s only Support for one trading terminal — TradingView (some brokers support multiple terminals like Meta Trader4) and the fact that the minimum deposit is $300.

Assets And Instruments

There are just four asset classes available on Binary Cent:

• Forex: 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.
• Cryptocurrencies: Bitcoin (BTC), Dogecoin (DOGE), BNB, Polygon (MATIC), Quant (QNT), Ripple (XRP), Solana (SOL), and ETC/USDT.

Each of the instruments in the forex and cryptocurrency market can be traded as ‘over-the-counter’ OTC. And they exist as standalone instruments. 

• Indices: HongKong50/HKD, Spain35, Swiss20, UK100/GBP, USA30, USA500, and US-Tech100.
• Commodities: At the time of writing, popular markets, including CFD on stocks, Indices, energies, and metals, aren’t available.

Signup Process

This is a very straightforward procedure. You’ll require the following details to sign up:

1. Email (which will be used for login)
2. Password
3. Name
4. Surname
5. Your UK phone number
6. desired currency. You’ll have four options — USD, GBP, RUB, and EUR.
7. agreeing to the Terms and Risk Statement as provided.

Honorable Mention: Pocket Option

Pocket Option is a binary options trading app for traders across several regions. Infinite Trade LLC owns Pocket Option. Pocket Option offers two major types of accounts, real and Demo trading accounts, posing similar features, including the number of assets provided.

The critical difference remains that the Pocket Option Real account is traded with live funds while the latter is traded with fake money, provided by Pocket Option, capped at $10,000.

Source: Binaryoptions.com

However, Pocket Option’s real account isn’t tradeable to UK citizens or residents. You can only trade the Demo platform. Essentially, this helps you build knowledge of how the markets work, understand the dynamics of trading, how to figure out their edge in the market, what and what not to avoid trading the market, etc.

This means you’ll have access to trading all available instruments across forex, cryptocurrencies, indices, stocks, and commodities.

Some of the instruments include Bitcoin, Bitcoin Cash, Cardano, Chain Link, Chiliz, Compound, Cosmos, Aave, Algorand, Japan 225 Index, DIlA index, EUROSTOXX50, Alibaba Group, Alphabet Inc, Altria Group Inc., NZD/USD, USD/CAD, USD/CHE, GBP/CAD, GBP/CHF, GBP/DKK, EURUSD OTC, and GBP/AUD OTC.

Signing up doesn’t require any extra effort; all you need is to provide your email and create a password. Alternatively, you can sign up with your Google or Meta (formerly Facebook).

How To Select a Binary Options Broker in the UK

Selecting a binary options broker in the UK requires careful consideration. Ensure the following before making your choice:

• Regulation: Only trade with brokers regulated by leading authorities such as the FCA, CySEC, AISC, and IIROC.
• Asset Range: Brokers offer various assets like stocks, commodities, indices, and currencies. Select one that aligns with your trading interests.
• Trading Platform: Choose a platform that complements your trading experience. Evaluate its features, such as charting tools, order types, and its user interface.
• Customer Support: Opt for brokers who provide easy access to essential information, ensuring a seamless trading experience.

Verification Process and Documents Needed for Trading in the UK

For a trade to go on successfully, there has to be a verification process while logging in. This verification process involves submitting a specific document. These documents vary depending on the country where you are trading and the platforms you are trading on.

In the UK, the documents you will need to provide to verify your identity and address include

• Proof of Identity, e.g. Passport or Driver’s license.
• Proof of address, e.g. utility bills, bank statements or council tax bills.
• Proof of income, such as bank statement or payslip.
• Sometimes, a signed letter of consent.

Conclusion

Are you in the UK and need help with the best binary options? This review has highlighted the significant requirements to start your trading journey.

Be sure to check if the binary option is regulated. If it’s one regulated by the Financial Conduct Authority (FCA), you are on the right track to building your binary kingdom. You want to ensure you use their demo account before trying them out with real money. With practice comes perfection.