5 Best Binary Options in Iran in 2024

In this article, you will learn of the 5 best brokers that offer binary options to traders in Iran. Notably, these binary options platforms are the only brokers allowed to operate in Iran.
- Top 5 Binary Options Trading in Iran
- Binomo: All-in-one Binary Options Broker for Iranians
- IQ Options: Simplified Trading Platform For Iranian Users
- Quotex— Overall Best Binary Broker in Iran
- Pocket Option - Best Binary Options Broker With incentives for traders
- Binarium — The most beginner-friendly Binary options Broker in Iran
- Conclusion
Given Iran’s recent economic downturn, having multiple income streams and a diversified investment portfolio is necessar2y and reasonable. Binary Options trading is one of the legal options available for most Iranians, particularly because of its low barrier to entry.
Consequently, Traders in Iran can take advantage of available brokers to diversify their investment portfolios, grow and make more money, and keep their heads above the water.
The Binary options brokers in Iran:
- Binomo — All-in-one Binary Options Broker for Iranians
- IQ Option— Simplified Trading Platform For Iranian Users
- Quotex — the best binary broker in Iran overall, with the highest positive ratings and reviews.
- Pocket Options — The best Binary Options Broker that incentivizes traders.
- Binarium — The most beginner-friendly binary options broker.
Discover top binary options brokers tailored to your region. Browse our curated lists by country:
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Top 5 Binary Options Trading in Iran
Binary Options trading has become increasingly popular in present-day Iran because of its low barrier of entry and the potential of making quick, huge, legit profits, coupled with the economic situation in present-day Iran.
Unlike the Philippines, Forex trading is legal but fully supervised in the Islamic Republic of Iran. However, using unlicensed brokers is illegal, according to the Central Bank of Iran. Binary options trading is legal and acceptable, provided Iranians use the accepted trading platforms. Below is a table of the best three binary options brokers for Iranian traders.
Available in Persian (Farsi) | Available in English | Iranian Rial | Mobile App
Available In Persian |
|
Binomo | ❌ | ✅️ | ❌ | ✅️ |
IQ Option | ❌ | ✅️ | ❌ | ✅️ |
Quotex | ❌ | ✅️ | ❌ | ✅️ |
Pocket option | ❌ | ✅️ | ❌️ | ✅️ |
Binarium | ❌️ | ✅️ | ❌️ | ✅️ |
Please note: Trading in binary options is risky. Individuals are advised to exercise caution and conduct thorough research before engaging in financial transactions on any trading platform.
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Binomo: All-in-one Binary Options Broker for Iranians
Overall Rating | 4.8/5 |
Payout | Up to 90% |
Minimum Deposit | $10 |
Minimum Trade Amount | $1 |
Maximum Trade Amount | $10,000 |
Payment Methods | Credit Card, Wire Transfer, Skrill, Neteller, Cryptocurrencies |
Lot Size | 0.01 |
Assets | Forex, Commodities, Stocks, Cryptocurrencies |
Local Supported Currencies | USD, EUR and various national currencies. |
Customer Support Service | Email, Live Chat |
Regulation | the International Financial Commission (IFC) |
This is one of the widely adopted British options brokers in Iran, mainly for the flexibility and accessibility it provides for users. Since it was founded in 2014 by a group, Dolphin Corp, Binomo has expanded into 133 countries across the globe and offers binary trading instruments without restriction.
So far, Binomo is regulated by the International Financial Commission (IFC) and has received notable awards from IAIR Awards and FE Awards; it’s known as a “category A broker,” which reflects how secure it is even for Iranian binary options traders.
Sign-up and verification
Registration on Binomo is without issues and comes as simple as possible. All you’re required to provide is an email address, password, and local currency you choose to trade in. Conversely, you can decide to register with your Facebook or Google account.
To verify your account, you’ll need to confirm your email address and provide your Iranian phone number and other personal data, including first name, last name, and date of birth. Once completed, your account is verified, and you can proceed to use the services of Binomo. Also, you’ll require verification before completing the withdrawal on Binomo.
Trading Platform
Binomo has a suite of features that makes it a precious platform for Iranian Binary Options traders. Some of the features you’ll find on Binomo include multiple trading instruments, different chart types, indicators, and timeframes.
The demo trading platform on Binomo provides a virtual $10,000 to learn how the market works before trading live on real money. Overall, I’ll recommend the binomo trading platform for its ease of use and how it functions to meet users’ needs.
Trading Features
What should you expect from Binomo? Here are some features to look out for:
- Technical indicator.
- Tournaments — to get involved in trading competitions.
- Bonuses — special discounts and offers failed to Iranian traders.
- Trades — to monitor live trades, open trades, among other trading features.
- Calendar — to monitor upcoming market events.
- Social trading.
Mobile App
Android: Available ✅️
iOS: Available ✅️
Binonmo is available for traders regardless of their preference. You can use the trading application on Android and iOS mobile devices. You can also access Binomo via the web application for your Windows and even MacBook. This provides Iranian traders with a broad range when trading and dealing with binary options and using the app.
Assets And Instruments
Asset Type | Instrument |
Cryptocurrencies | Bitcoin, Cardano, Altcoin IDX, Bitcoin Cash, and Litecoin |
Forex Pairs | EUR/USD, EUR/CAD, USD/JPY, AUD/CAD, GBP/JPY, GBP/USD, EUR/JPY, USD/NOK, USD/DKK, GBP/CHF, USD/HKD, EUR/CHF, EUR/AUD and 20 more |
Commodities | Gold, Silver, and Oil |
Stocks | Apple, Alibaba, Netflix, Meta, Tesla, Citi Group, Microsoft, McDonald’s, AIG, PayPal, Boeing, JD, AEX, CAC, IBM, Coca Cola, Twitter, Nvidia, Yum Brands, Intel, Starbucks, Visa, Qualcomm, Weibo, JPMorgan C, and Ferrari |
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IQ Options: Simplified Trading Platform For Iranian Users
Overall Rating | 4.6/5 |
Payout | Up to 95% |
Minimum Deposit | $10 (239,220 VND) |
Maximum Deposit | $3000(73,117,500 VND) |
Payment Methods | Credit/Debit Cards, e-wallets |
Lot Size | 0.01 |
Assets | Over 500 assets including forex, stocks, ETF, options, commodities, cryptocurrencies etc |
Supported Currencies | Over 20 currencies including USD, EUR, GBP, RUB, JPY, AUD, CAD |
Customer Support Service | Via email, live chat and phone |
Regulation | Cyprus Securities and Exchange Commission (CySEC) and Financial Services Authority of Seychelles (FSA). |
Founded in 2013, IQ Options has maintained its reputation as one of the renowned binary options brokers for Iranian traders. The benefit of using IQ Options for binary trading includes the safety net that compensates you with up to $20,000 in case things go south;
in addition, IQ Options is regulated by the Cyprus Security and Exchange Commission CySEC. This makes it a very suitable binary options broker, especially for Iranian traders who enjoy simplicity. Overall, the platform is very organized.
Sign Up and Verification
The signing-up process and registration to the binary broker are less complicated, and all the indications point to that. You provide your email and password and agree to the terms and conditions. Otherwise, you can sign up with a personal Google account or a Facebook account — either way, you’re directed to log into each of these accounts to prove your ownership.
The verification process is easy as well, and it starts with verifying your email address and then on to provide personal details, including your name and government ID Card. You can add two-factor authentication and modify your account to suit your taste.
Trading Platform
Of all, IQ Options has a very smooth and perfectly designed trading platform that makes it a perfect fit for traders interested in binary options trading. This is very easy to use and analyze the market without complications. There are several technical analysis tools, including oscillators, different candle sticks, and time frames.
You’ll also benefit from the demo trading option that allows you to practice your skills in real-world use. Overall, IQ Options displays how having a perfectly designed trading interface can improve a trader’s overall profitability.
Trading Features
You’ll have a variety of features available on IQ Options for, most of which are available on other binary options trading apps. What do you get from IQ Options?
- Deposit — which includes several methods.
- Withdrawals — also includes multiple methods.
- Trading alert — receive notifications about a trades progress on the chart.
- Demo trading
- Technical indicators — moving average, Bollinger band, alligator, RSI, MACD, Parabolic SAR, awesome oscillator, etc.
- In app customer support
- In app trading community.
Mobile App
Android: Available ✅️
iOS: Available ✅️
Iranian binary options traders can access the mobile app from Android and iOS devices. This flexibility ensures you can access your trading account despite switching mobile devices. In addition to these, you can access your trading account on other devices, including a laptop and desktop, without restriction.
Assets And Instruments
Asset Type | Instrument |
Cryptocurrencies | Bitcoin (BTC), Dogecoin (DOGE), BNB, Polygon (MATIC), Quant (QNT), Ripple (XRP), Solana (SOL), ETC/USDT. All the listed currencies can also be traded over-the-counter (OTC). |
Forex Pairs | EUR/USD, EUR/CAD, USD/JPY, AUD/CAD, GBP/JPY, GBP/USD, EUR/JPY, USD/NOK, USD/DKK, GBP/CHF, USD/HKD, EUR/CHF, EUR/AUD and 20 more |
Commodities | Brent Oil, Gold, and Crude Oil |
Stocks | Apple, Alibaba, Netflix, Meta, Tesla, Citi Group, Microsoft, McDonald’s, AIG, PayPal, IBM, Coca-Cola, Twitter, Nvidia, Snap Inc., Intel, Starbucks, Visa, Qualcomm, Costco, JPMorgan C, American Airlines, and 170 others. |
ETFs | S&P 500 ETF, Ishares Russell 2000 ETF, Dow Jones Industrial Average ETF, and 20 others. |
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Quotex— Overall Best Binary Broker in Iran
Overall Rating | 4.9/5 |
Payout | Up to 98% |
Minimum Deposit | $10 |
Maximum Deposit | _ |
Payment Methods | ADVcash, Bitcoin Payments, Credit Card, Doku Wallet, Ethereum Payments, Maestro, Mastercard, Perfect Money, Visa, and Wire Transfer. |
Lot Size | 0.01 |
Assets | Forex, Stocks, Cryptocurrencies, Gold, Oil and Silver. |
Supported Currencies | BRL, EUR, GBP, IDR, INR, MYR, RUB, THB, UAH, USD and VND. |
Customer Support Service | Via complaint form and Via profile(for existing customers) |
Regulation | International Financial Commission (IFC) |
Founded in 2019, Quotex is a top choice for beginners and professional traders looking to trade a wide array of assets. Regulated by the International Financial Commission (IFC), it is equipped with industry-leading features like an inbuilt trading signal that is 87% accurate, a trading indicator, and an intuitive interface, making it a popular choice for Iranians and traders globally.
Sign-up and Verification Process
Creating a new Quotex account in Iran is simple. You are to choose from the three methods provided for signing up. You can sign up using your email and password, or using your Google account, or using your Facebook account.
To sign up, Visit the Quotex website and enter your email. Create and enter a strong password. Next, choose a currency preference and confirm that you are 18 years of age and above and accept the terms and conditions of service.
It is recommended to go through the terms and conditions of service before accepting. It will help you fully grasp what you are signing up for. You will know what to expect from Quotex and how they handle your data.
If satisfied, you can confirm acceptance by ticking ✔️ the acceptance button. If you are not, you can search for alternative binary options brokers. If you decide to go for an alternative, kindly bear in mind that your options are limited as only three Binary options brokers are allowed to operate in Iran.
If you do not want to register using your email and a password, you should use your Google or Facebook account by tapping the Facebook or Google symbol. After registration, a verification link or code will be sent to your email.
Next, complete the verification by uploading the required documents for identification (e.g., passport, driver’s license, national ID) and proof of residence (e.g., recent utility bill or bank statement). Once the documents are uploaded, hit the “Submit” button. Then, wait. The Quotex team will review them within a few business days for compliance and accuracy.
Trading Platform
Quotex is a top-rated regulated Binary options broker in Iran. It is safe, secure, and easy to use, with many deposit and withdrawal options. Also, it has an opportunity for Islamic trading and adheres to the rules of trading laid down by Islam.
Besides, it offers a wide array of assets as well as a demo account of $10,000 that allows users to practice and learn the ropes before trading. With the demo account, you can study the market and the positions before investing in actual trading, reducing the risk of losing your investment.
In addition, Traders are given an additional bonus on the initial set of deposits they make to the account. Think of it as a welcome bonus to traders.
Further, traders can use advanced analytical tools and signals that make their trading journey smooth.
Trading Features
There are several features to look out from when deciding to trade Quotex, this includes:
- Demo trading
- Trading indicators
- Integrated signals
- Interactive trading interface with chart management, time frame control, etc.
- Deposit and withdrawal option.
Mobile App
- Android: Available ✅️
- iOS: Unavailable
Quotex offers Iranian traders a mobile platform for Andriod users. With the mobile app, traders can access their account, and the market conveniently.
Assets And Instruments
Asset Type | Instrument |
Forex Pairs | EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, NZD/USD, USD/CAD, EUR/GBP, EUR/CHF, EUR/CAD, EUR/JPY, EUR/AUD, EUR/RUB (OTC), EUR/SGD, CAD/JPY, and, CAD/CHF, GBP/CAD, GBP/JPY, GBP/AUD, GBP/CHF, AUD/CAD, AUD/JPY, AUD/CHF, USD/RUB (OTC), USD/BRL (OTC), USD/INR (OTC), CHF/JPY (OTC), NZD/CAD, NZD/JPY, NZD/CHF |
Commodities | US Crude, UK Brent, Gold, and Silver |
Stocks | American Express, Boeing Company, Meta Inc., Intel, Johnson and Johnson, Pfizer Inc., McDonald’s, and Microsoft. |
Indices | S&P/ASX 200, Dow Jones 30, CAC 40, FTSE 100, DAX, Italy 40, Nikkei 225, NASDAQ 100, S&P500, EURO STOXX 50, IBEX 35, FTSE China A50 Index, and Hong Kong 50 |
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Pocket Option – Best Binary Options Broker With incentives for traders
Overall Rating | 3.9/5 |
Payout | Up to 92% |
Minimum Deposit | $5 |
Maximum Deposit | |
Payment Methods | ADVcash, Bitcoin Payments , Cashu, Credit Card, Debit Card, Doku Wallet, Ethereum Payments, FasaPay, GlobePay, JCB Card
Maestro, Mastercard Neteller, PayRedeem, Perfect Money, QIWI Skill, Sofort Visa, WebMoney, Western Union, Wire Transfer and Yandex Money |
Lot Size | 0.01 |
Assets | Commodities, Crypto, Forex, Gold, Oil, Silver, Stocks. |
Supported Currencies | USD |
Customer Support Service | Support Desk, Hotline, and Community Help |
Regulation | International Financial Market Relations Regulation Center (IFMRRC) |
Established in 2017, managed by Gembell Limited from the Marshall Islands, and regulated by the International Financial Market Relations Regulation Center (IFMRRC), Pocket Options is one of the best binary options brokers with the most convenient interface for traders.
It is a unique CFD and Forex trading platform as it allows binary options trading. This feature is uncommon among other CFD and Forex trading platforms. CFD and Forex Trading platforms hardly provide Binary trading Options.
In pocket options, traders are solely sure that their funds and personal details are safe and secure. Aside from that, Pocket Options has an opportunity for Islamic trading and adheres to the trading conditions stipulated by Islam, endearing it to the Muslims.
Sign-up and Verification Process
Opening an account with Pocket Option is easy for Iranian traders. You can open a free account using your email or with your Facebook or Google account. You have the liberty to choose from these methods depending on the one that you find most convenient.
To start the process, visit the website. At the top right corner of the website, you will see a “Register” and a “Login” button. Click the Register button. Follow the prompt and provide the required details accordingly. Then, tick ✔️ the agreement button. Further, confirm you are human and then click on the sign-up button.
Consider signing up with your Facebook or Google account if this process is long. Follow the prompts and complete the account creation process.
Then, proceed to complete your verification process. Provide your full name, email, phone number, and date of birth. Make sure your identity documents, like government-issued ID and proof of address, are ready. Then, Select “Iran” as your country of residence. A Webcam verification is required. This can be done via smartphone or a PC/laptop with a webcam.
The verification takes between 1 hour and 1-3 business days, depending on the information you provided and the quality of the documents you uploaded.
Trading Platform
A regulated, user-friendly platform with clear-cut trading features is crucial for Iranian traders. Pocket Option is a regulated broker that has a convenient interface offering over a hundred digital assets. The withdrawal and deposit methods are hassle-free.
It is beginner-friendly as it provides educational resources and guides that would be helpful to beginners. For advanced traders, it is very helpful to their successful trading journey as it enables automated trading and grants access to advanced technical tools due to MetaTrader 5 integration.
Additionally, Pocket Option provides incentives like trading bonuses, tournaments, promo codes, and gifts to every trader.
Trading Features
Pocket option is one of the leading binary option trading applications globally with several features tailored to meet a user’s needs. This includes:
- Demo trading
- Real account trading
- Technical indicator
- User training and education
- Deposit and withdraw
- Trading signals
- Social trading
- Tournament
- Express trading
Mobile app
- Android: Available ✅️
- iOS: Available ✅️
Pocket Option offers a mobile app for iOS and Android, allowing Iranian traders to stay connected anytime, anywhere. The app includes the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Through these, traders can easily access technical analysis tools, execute trades, and manage portfolios.
Assets And Instruments
Asset Type | Instrument |
Cryptocurrencies | Bitcoin (BTC), Dogecoin (DOGE), BNB, Polygon (MATIC), Quant (QNT), Ripple (XRP), Solana (SOL), ETC/USDT. All the listed currencies can also be traded over-the-counter (OTC). |
Forex Pairs | EUR/USD, CAD/JPY, AUD/NZD, USD/RUB, AUD/USD, USD/CAD, NZD/JPY, CAD/CHF, EUR/CHF, CHF/JPY, and many more. |
Commodities | Gold, Brent Oil, WTI oil, Silver, Gold, Natural Gas, Platinum, Palladium |
Stocks | Apple, Citigroup, Tesla, Intel, McDonald’s, American Express, Johnson & Johnson, Visa, FedEx, Cisco, Exxon, Alibaba, Amazon, Microsoft, Meta, Pfizer, and Netflix |
Indices | AUS 200, US 100, DJI30, SP500, E50EUR, D30EUR, JPN225, F40EUR, 100GBP, and E35EUR |
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Binarium — The most beginner-friendly Binary options Broker in Iran
Overall Rating | 3.5/5 |
Payout | Lower than 98% |
Minimum Deposit | $5 |
Maximum Deposit | _ |
Payment Methods | Bitcoin Payments, Credit Card, Debit Card, Mastercard, Neteller, QIWI, Visa Web, Money, Wire Transfer and Yandex Money |
Lot Size | 0.01 |
Assets | Forex, Stocks, and Cryptocurrencies |
Supported Currencies | AUD,EUR, RUB, USD. |
Customer Support Service | Live chat, Telephone and Email |
Regulation | Cyprus Securities and Exchange Commission (CySEC) |
Established in 2012 with its headquarters in Cyprus, Binarium is a binary options broker with a simple and intuitive platform. It is beginner-friendly and perfect for beginners looking to start their trading journey.
Even though the Broker is not regulated by the Cyprus Securities and Exchange Commission (CySEC) or any regulatory body, users’ funds are segregated, demonstrating trustworthiness and protecting users’ funds from being misused or misappropriated by the company.
Sign-up and Verification Process
Signing up for a Binarium account in Iran is simple. You are to choose from the three methods provided for signing up. You can sign up using your email and password or using your Google or Facebook account.
To sign up, Visit the Binarium website. At the top right corner of the website, you will see the login and Sign up buttons. Click on the Sign-up button. Then, enter your email, password, and currency preference.
Read the terms and conditions and confirm your acceptance by ticking the box. Also, confirm that you are 18 years of age and above. Finally, click on open an account for free. If you do not want to register using this method, you can register using your Google or Facebook accounts.
Next, complete the verification process. To verify, open the email sent to you from Binarium when you created an account. The email contains a link that you have to click on. Clicking on this link will validate your email and redirect you to your dashboard(Binarium). Click on the account verification option in your account settings.
Follow the prompting and upload the required documents for identification, such as a passport, driver’s license, national ID, and proof of residence, such as a recent utility bill or bank statement.
Once the documents are uploaded, hit the “Submit” button. Then, wait. The Binarium team will review them within a few business days and send an email to you once your account has been verified.
Trading Platform
Binarium is a beginner-friendly Binary Options trading platform in Iran with a hundred percent trading bonus for new users. This is more like a welcome bonus. It can be accessed by visiting both websites and downloading the mobile app, allowing users the flexibility of using devices of their choice to access their accounts.
It offers a Demo account (with virtual funds), allowing users to practice and learn the ropes before trading. Traders also have the chance to be properly guided through the educational resources available on the website via the education center.
Trading Features
What features do you expect from trading the binary options broker, Binarium? Well, I have made a non-exhaustive list for you to at:
- Onboarding training video
- Trading room
- Bank — deposit.
- Withdrawals
- Prize pot
- Economic calendar
- Trading history
- Technical indicator
- Chart management tools — multiple time frames.
Mobile App
- Android: Available ✅️
- iOS: Available ✅️
Binarium offers a mobile app for both Android and iOS users who are traders in Iran. The mobile app is well-designed, giving users a smooth trading experience. Also, it enables users to access their accounts conveniently using their smartphones from any location.
The mobile app is also secure as it has additional layers of security, which are the biometric and two-factor authentication features.
Assets And Instruments
Asset Type | Instrument |
Indices | US 500, US Tech 100 , Wall Street 30, Australia 200, Japan 225, UK 100, Spain 35 , Netherlands 25, Germany 40, France 40, and Europe 50. |
cryptocurrencies | ALG/USD, ADA/USD, AVA/USD, BAT/USD, BCH/USD, BNB/USD, BTC/USD, BTC/ETH, BTC/LTC, DOG/USD, DOT/USD, DSH/USD, EOS/USD, ETC/USD, ETH/USD, FIL/USD, IOT/USD, LNK/USD, LTC/USD, MKR/USD, MTC/USD, NEO/USD, OMG/USD, SOL/USD, TRX/USD, UNI/USD, XMR/USD, XLM/USD, XRP/USD, XTZ/USD, and ZEC/USD. |
Forex Pairs | AUD/USD, AUD/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, GBP/AUD, USD/CAD, USD/CHF, USD/JPY, AUD/CAD, NZD/CAD, GBP/CAD, CHF/JPY, AUD/CAD, USD/PLN, NZD/JPY, GBP/CHF, EUR/NOK, AUD/CHF, USD/SEK, NZD/USD, GBP/NOK, EUR/NZD, AUD/NZD, etc. |
Commodities | Aluminium/USD, Copper/USD, Gold/EUR, Gold/USD, Lead/USD, Nickel/USD, Palladium/USD, Platinum/USD, Silver/EUR, Silver/USD, Zinc/USD, Brent crude oil, and West Texas Intermediate |
Stocks | Walmart Inc, Porsche Automobil Holding SE, Salesforce.com Inc, Paypal, Netflix Inc, McDonald’s, Johnson & Johnson, HP Inc, General Motors Company, Facebook Inc, Deutsche Bank AG, Coca-Cola, Boeing, Bayer AG, American International Group, Airbus SE, Adidas Salomon, Mastercard Inc, Intel, JP Morgan Chase, IBM, Delta Air Lines, Citigroup, BMW, American Airlines Group Inc, Alibaba Group Holding Ltd, Airbnb, Apple, and Amazon.com Inc. |
ETFs | GDX.US, GLD.US, HYG.US, IEMG.US, IJR.US, IVV.US, IVW.US, IWM.US, LQD.US, QID.US, SDS.US, SLV.US, SPXS.US, SPY.US, TBT.US, TQQQ.US, UNG.US, VEA.US, VNQ.US, VOO.US, VTI.US, VWO.US, XLE.US, XLF.US, and XLK.US. |
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Conclusion
Binary options trading is a high-risk investment that has the capacity to yield huge profits and losses for traders. Regardless of the risks involved and close government supervision, it is becoming increasingly popular among Iranian active Binary options traders.
Unfortunately, binary trading options brokers are not abundantly available for traders in Iran. This results from the numerous international sanctions imposed on Iran by the international community.
These sanctions prevent brokers, particularly international brokers, from accepting Traders in Iran. Even so, traders in Iran still take advantage of the limited brokers to engage in Binary options trading.
To further guide you in making an informed decision, we’ve compiled two additional resources for your convenience.
1. Top Binary Options Brokers Reviewed:
Navigate through our comprehensive table, which breaks down 118 brokers. Whether you prioritize regulatory security or diverse trading platforms, this table will provide a broad overview.
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binary.com
Binary.com is a stable broker recognized for offering favorable conditions to trade currencies, futures, and options. With 20 years of experience, this broker is a reliable choice for earning money.
They give a free practice account and one real account with a minimum deposit of only $5. Different platforms offer various ways to trade, making it easy for clients to choose what suits them.
Pros- The organization has been in business for over 20 years
- The minimum amount to replenish and initiate a bid is $5 and $1, respectively.
Cons- There are occasionally platform malfunctions; trust management accounts are absent
- There are occasional delays when withdrawing money.
YesYes0.5 USDVanuatu Financial Services Commission (VFSC), Labuan Financial Services Authority, Malta Financial Services Authority5 USDNo bonus currently offered -
Binomo
Binomo is a reliable broker that’s great for beginners, with easy-to-follow training and strategies. The broker offers a demo account where users can learn the platform first without risking real money.
There are three real accounts: Standard, Gold, and VIP. Professionals also prefer Binomo because of the many options, favorable conditions for trading, and tools to help predict prices.
Pros- The broker sources quotes from the top news organizations
- The trading platform is sophisticated and features a large variety of assets.
Cons- High minimum deposit compared to its rivals
- Lack of investment plans or cent accounts
- The platform is a bit complex, with a steep learning curve.
YesYes$1International Financial Commission (IFC)$10Up to 100% on deposit -
Expert Option
Expert Option is a broker that deals with binary options trading and claims to have more than 30 million trustworthy clients. They have bonus and referral programs to give clients extra money for trading and passive income.
The broker supports over 20 payment systems, but doesn't offer other investments. The website is in 15 languages, with the trading conditions clearly articulated. Users have access to analytical materials and training videos.
Pros- Users can start trading with just $10
- Users can trade from either a personal computer or a mobile device.
Cons- The broker has no conditions for active trading
- The broker lacks an investment program.
YesYes$1Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA)$10Up to 100% on deposit -
IQ Option
IQ Option stays ahead of its competitors with solid marketing and technology, providing advanced tools for analysis. Its interface might seem complex, but it has excellent charting and unique features like topic chats.
Although it has issues like country restrictions and platform lags, it creatively blends options and forex for a great trading experience.
IQ Option has expanded to include digital options with high yields and cryptocurrency assets. It holds a decent rating, making it worth trying with a demo account.
Pros- The platform is user-friendly and has positive ratings
- The broker has among the best pay rates in binary options.
Cons- The broker's online platform is heavy on the user’s computer RAM
- The platform has a learning curve
- There are delays in cash withdrawals.
YesYes$1CySEC$10Occasional promotions and trading competitions -
Binarium
Binarium is a broker for people who are new to trading. They have a simple website for beginners needing some extra guidance. They focus on binary options using an easy trade method where the user guesses the price after a specific time. Binarium offers two options: Turbo (1-5 minutes) and long-term. In the interest of safety, they don't provide risky options, leverage, or a system called Martingale. Though there are limited options available, Binarium offers choices such as There is no Touch, Range, or Ladder. They also have a service where you can copy the trades of others, available in your account's Trading Room.
Pros- The broker has an easy-to-use interface
- No additional costs.
Cons- There are fewer trading instruments and technical analysis indicators (less than 15) compared to other brokers
- Limited selection of available options
- Although the broker states an "up to 90%" return, the actual yield is closer to 70–80%.
YesNoNot specifiedNot regulated by any major authority$5Up to 100% deposit bonus -
IG.com
As a sector of IG Group, IG Markets focuses specifically on retail CFD services. Clients can open accounts in IG Group subsidiaries to effortlessly access the market and start trading. IG’s trading conditions favor long-term and active traders, and there are no restrictions on foreign traders. However, a (recently reduced) minimum deposit of $1,000 may still deter newcomers. A drawback of IG is that its interface is not very user-friendly, though this can be managed with practice.
Pros- The American regulators CFTC and NFA and the British regulator FCA have granted licenses to IG’s subsidiaries.
- IG has favorable spreads, ranging from 0.6 to 1 pip, depending on the kind of instrument.
- 24/7 customer service is available.
Cons- There is a high threshold of entry, which discourages novice traders.
- The verification procedure is complicated and selective. There are cases of refusal to open an account due to unconfirmed or low income.
- There are technical problems with order execution (according to traders' feedback).
- Users have reported that the interface has a high learning curve.
YesYes0.01 lotsASIC, FCA (UK), MAS (Singapore), BMA, CFTC, DFSA, FINMA, FSCA, JFSA$250None -
SPECTRE.AI
Spectre.ai is a trustworthy broker offering various trading tools and direct trades without broker interference. Beginners can begin with a demo account, and the minimum deposit to start a real account is only $10. Daily verifications in a public digital record keep things transparent for users. Since Spectre.ai’s conception, there haven't been big complaints, and minor problems for clients are quickly addressed.
Pros- $10 minimum deposit
- Cheap floating spreads on popular currency pairs starting at 0.0 pips
- The broker offers both a mobile terminal and a dedicated web trading platform.
Cons- There is no toll-free number for technical support
- There is no support for the single proprietary terminal.
YesNo$1None$10None -
Alpari
Alpari has been in the forex and options market for 21 years. It's a trusted broker that helps both new and experienced traders. For beginners, there's a cent account; for professionals, there are ECN accounts with lower spreads. Alpari watches manager ratings to keep investors safe. The broker works with experienced and new traders, quickly solving any problems. Alpari has no conflicts and updated its website in 2019 for better accessibility. Alpari's customer-centric focus and continuous upgrades of its services mean it is a popular choice in Europe.
Pros- Numerous trading accounts which cater to varying degrees of expertise and objectives
- Responsive and knowledgeable customer service department.
Cons- There is no weekend trading
- The process of withdrawing money is done occasionally after delays.
YesNo0.01 LotFinancial Services Authority of Saint Vincent and the Grenadines (SVGFSA)100 USDLoyalty Cashback, Deposit Bonus -
Dukascopy
Dukascopy has emphasized customer service and top trading conditions for over 14 years. Features such as swift order execution, accurate quotes, and high liquidity assets place Dukascopy among Europe's safest brokers. Multilingual support is available 24/6 for prompt assistance via phone, chat, or feedback form. Positive feedback highlights accreditation, good trading conditions, and deposit security. However, criticisms include long withdrawals, high commissions, and slow account verification due to stringent security measures.
Pros- Deposit protection up to CHF 100,000 per client
- ECN trading technology.
- Low spreads – from 0.1 pips on EUR/USD.
Cons- Leverage goes up to 1:200, which is less than most brokers offer.
- Higher trading commissions for Islamic accounts.
- It is impossible to open new positions on weekends.
YesYes0.01 lotsFINMA100 USDEquity Bonus, Discount Program, Anniversary Bonus -
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:
For those particularly interested in the financial aspects of their potential broker, our second table compares 120 brokers. This can be especially helpful if you’re working within a specific budget or looking for specific trading conditions.
Broker | Min. Deposit | Min. Order | Leverage | Rating | Margin Trading | Guaranteed Stop Loss |
---|---|---|---|---|---|---|
$5 | $1 | Up to 1:100 | - | No | No | |
$10 | $1 | Up to 1:1000 for forex, varies for other instruments | 4 | Yes | No | |
100 USD | 0.01 Lot | up to 1:1000 | 3.7 | No | No | |
$100 | 0.01 Lot | Up to 1:500 | - | Yes | No | |
$10 | $1 | Up to 1:500 | - | Yes | No | |
$25 | $1 | N/A | 2.3 | No | No | |
$100 | 0.01 lots | Up to 1:30 for retail clients, 1:300 for professional clients | - | Yes | Yes | |
$5 | Not specified | Up to 1:1000 | 4 | No | No | |
5 USD | 0.5 USD | Up to 1:1000 | 4.4 | Yes | No | |
$10 | $1 | Up to 1:500 | 4.1 | Yes | No | |
$10 | $1 | Up to 1:1000 | 4.2 | Yes | No | |
$10 | $1 | Up to 1:400 | - | Yes | No | |
$200 | Varies by asset | Up to 1:30 for retail clients, higher for professional clients | 4.2 | Yes | No | |
Not available | Not available | Not available | 2.5 | No | No | |
$100 | 0.01 Lot | Up to 1:30 for retail clients, 1:500 for professional clients | 1.6 | Yes | No | |
$250 | Not specified | Up to 1:1000 | 2.8 | Yes | No | |
$1 | 0.01 Lot | up to 1:3000 | - | Yes | No | |
$100 | 0.01 Lots | Up to 1:400 | 4.7 | Yes | No | |
$250 | 0.1 lot | up to 1:100 | 1.5 | Yes | No | |
$200 | 0.01 lots | Up to 1:500 | 4 | Yes | No | |
100 USD | 0.01 lots | up to 1:200 | 3.4 | Yes | No | |
$100 | 0.01 lots | up to 1:500 | 1.5 | Yes | No | |
$100 | 0.01 Lot | Up to 1:300 | 4.1 | Yes | No | |
$200 | 0.01 lot | Up to 1:500 | 3.8 | Yes | No | |
$1 | 0.01 Lot | Up to 1:1000 | 3.2 | 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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