5 Best Binary Options Brokers in Bangladesh in 2024

Bangladesh’s trading sector is experiencing a surge in binary options trading online. Despite its growth, there are common misconceptions and a lack of understanding surrounding it.
Bangladesh, being relatively new to binary options, hasn’t fully established its brokerage and regulatory systems, adding to the uncertainty.
- Best Binary Options Brokers in Bangladesh: Top 5
- Quotex — Best Overall Binary Options Broker in Bangladesh
- Pocket Option — Best Binary Options Broker with High Leverage
- IQ Option — Best Binary Options Broker for Highest Payout
- Olymp Trade — Ideal Binary Options Broker for Beginners
- IQCent — Best Binary Option Broker with Low Positions
- How to find the best binary options broker in Bangladesh
- Final Thoughts
Many Bangladeshi traders are searching for trustworthy platforms to execute their trading strategies. This guide aims to clarify the complexities of binary options trading in Bangladesh, assisting both novices and experienced traders. It provides essential information, debunks rumours, and highlights regulatory aspects.
Best Binary Options Brokers in Bangladesh: Top 5
- Quotex — Best Overall Binary Options Broker in Bangladesh
- Pocket Option — Best Binary Options Broker with High Leverage
- IQ Option — Best Binary Options Broker for Highest Payout
- Olymp Trade — Ideal Binary Options Broker for Beginners
- IQCent — Best Binary Option Broker with Low Positions
Available in Bengali | Available in English | Bangladeshi Taka Support | Mobile App available in Bangladesh | |
Quotex | ✅️ | ✅️ | ✅️ | ✅️ |
Pocket Option | ✅️ | ✅️ | ❌️ | ✅️ |
IQ Option | ✅️ | ✅️ | ✅️ | ✅️ |
Olymp Trade | ❌️ | ✅️ | ❌️ | ✅️ |
IQ Cent | ❌️ | ✅️ | ❌️ | ❌️ |
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Quotex — Best Overall Binary Options Broker in Bangladesh
Based in St. Vincent and the Grenadines, Quotex is a binary options broker under Awesomo Ltd. Established in 2019, it quickly became popular, serving millions of traders across 249 countries, including Bangladesh.
Regulated by the International Financial Markets Regulatory Center (IFMRRC), Quotex is known for its user-friendly interface, competitive terms, and rich educational content. It provides a variety of trading assets like currencies, commodities, indices, and cryptocurrencies, along with features such as short-term trades, copy trading, and demo accounts.
Overview
Overall Rating | 4.9/5 |
Payout | Up to 98% |
Sign-up Bonus | 50% Deposit |
Currency Support | BDT, USD, GBP, EUR, INR |
Payment Methods | MasterCard, Cryptocurrencies, UPI, Perfect Money |
Minimum Deposit | ৳1000 |
Minimum Withdrawal | ৳1000 |
Lot Size | 0.01 |
Assets | Forex, Indices, Commodities, Stocks, Cryptocurrencies |
Mobile Trading App | Android and iOS |
Customer Support Service | Via complaint form |
Sign-up and Verification Process
Bengali traders can easily sign up with Quotex. Just visit their website, enter your email, password, and currency choice. For added convenience, you can also register via Google, Facebook, or email. After registering, a verification link or code will be sent to your email to secure your account.
For verification, upload ID documents like a passport, driver’s license, or national ID, along with proof of residence like a utility bill or bank statement. After uploading, click “Submit”. The Quotex team will review your documents within a few business days for accuracy and compliance.
Assets and Transactions
Quotex is a top choice for Bangladeshi traders looking for a robust trading platform. Known for its user-friendly interface, traders have access to diverse assets like currency pairs, stocks, commodities, and indices.
Quotex offers advanced analytical tools and real-time data, enabling traders to make well-informed decisions. There’s also a demo account for practicing strategies. Unlike other platforms, Quotex doesn’t charge commission fees, allowing traders to potentially earn up to 98% profits by accurately predicting asset price movements.
Another highlight is its flexibility, allowing traders to set trade durations from 5 seconds to 4 hours, aligning with various strategies and goals. Given its assets, tools, and flexible options, Quotex is ideal for Bangladeshi traders eager to tap into binary options trading.
Platform Features
- Support: Quotex offers extensive support to traders from Bangladesh with its FAQ section and tutorials.
- Analytics: This feature provides essential analytics, delivering insights on trade volume, profitability, and participation.
- Tournaments: Provides thrilling tournaments like the “Weekend Battle” and “Crazy! Wednesday,” which offers a competitive platform.
- Market: Quotex provides access to a diverse market where you can explore various trading opportunities.
Trading Platform
Web
Quotex’s web platform is tailored for Bangladeshi traders, offering an intuitive interface for easy binary options trading across varied assets. Beyond basic features, it provides a wide range of chart types and online-sourced technical indicators.
These tools aid traders in analyzing market trends and making informed decisions. Suitable for both beginners and seasoned traders, Quotex equips users with the tools to excel in binary options trading.
Mobile
Quotex provides a mobile platform for Bangladeshi traders, compatible with Android, but not iOS. While offering functionalities similar to its web counterpart, some reviews favor the web version for its broader features and superior user experience. Still, Quotex’s mobile platform is prized for flexibility and anytime trading access.
Pocket Option — Best Binary Options Broker with High Leverage
Founded in 2017, Pocket Option is a reputable trading platform operated by Gembell Limited, located in Majuro, Marshall Islands. Regulated by MISA in Comoros and the IFMRRC, it offers a safe environment for diverse trading.
Specialising in binary options, it’s recognized for its high leverage and compelling offers. The platform boasts a variety of financial tools and features, such as currencies, commodities, and cryptocurrencies. Given its security and user-friendly interface, Pocket Option remains a top choice for binary options traders.
Overview
Overall Rating | 4.8/5 |
Payout | Up to 95% |
Sign-up Bonus | 50% Deposit |
Currency Support | USD |
Payment Methods | VISA, MasterCard, Cryptocurrencies, Bank Transfer, Perfect Money, Advcash, WebMoney, Payeer. |
Minimum Deposit | $5 (≈ ৳560) |
Minimum Withdrawal | $10 (≈ ৳1120) |
Lot Size | 0.01 |
Assets | Forex, Indices, Commodities, Stocks, Cryptocurrencies |
Mobile Trading App | Android and iOS |
Customer Support Service | Support Desk, Hotline, and Community Help |
Sign-up and Verification Process
For Bangladeshi traders, Pocket Option offers a straightforward onboarding process. Upon signing up with your email or through Facebook or Google, you can start trading with a Demo Account to gain familiarity with the platform and practice without any risk. Once you are ready to proceed, account verification will be necessary.
For initial verification, provide your full name, email, phone number, date of birth, and select “Bangladesh” as your residence. Have government-issued ID and proof of address handy. Webcam verification is part of the process and can be done via smartphone or a PC/laptop. Verification time varies, ranging from 1 hour to 1-3 business days, based on the document quality and accuracy.
Assets and Transactions
Pocket Option boasts over 100 trading assets, a broad range in the binary options realm. Traders can choose from currency pairs, major stock indices, commodities like gold and oil, shares of notable companies, and cryptocurrencies, offering vast flexibility.
Pocket Option offers up to 95% payouts, letting traders potentially double their investments quickly. With a minimum trade of just $1, it’s accessible to all trader levels. Its Social Trading feature also lets users connect with, learn from, and copy successful peers, boosting their trading potential.
Platform Features
- Trading: Pocket Option provides Quick Trading, Shares Trading, and Forex trading options. These trading options are also available in demo mode.
- Market: Offers unique features such as Gems Lottery and Gems Mining.
- Signals: Traders can benefit from the Signals feature on Pocket Option, as the feature provides valuable market insights.
- Social Trading: This feature enables beginners to learn and copy from experienced traders and potentially improve their trading performance.
- Tournaments: Pocket Option hosts trading tournaments where users can compete against each other for prizes.
Trading Platform
Web
Pocket Option offers a web platform tailored for Bangladeshi traders, prioritising user-friendliness. Beyond a seamless trading experience, it integrates MetaTrader 5, enabling automated trading and advanced technical tools. This is especially beneficial for Bangladeshi traders using technical indicators and strategies.
Mobile
Pocket Option offers Bangladeshi traders a mobile app for iOS and Android, keeping them connected to markets anytime, anywhere. Featuring MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the app provides extensive tools for analysis, trading, and portfolio management. With numerous technical indicators available, traders can make informed decisions effortlessly.
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IQ Option — Best Binary Options Broker for Highest Payout
Founded in 2013 by Andrey Lopatin and Roman Shaykov, Cyprus-based IQ Option has become a notable online trading platform. Regulated by the Cyprus Securities and Exchange Commission (CySEC), it ensures top-tier security and transparency.
Serving traders in over 100 countries, IQ Option offers an intuitive platform with over 300 trading instruments. By emphasising speed, accuracy, and user-friendliness, it remains a key player in the online trading world.
Overview
Overall Rating | 4.8/5 |
Payout | Up to 98% |
Sign-up Bonus | – |
Currency Support | BDT, USD, GBP, EUR |
Payment Methods | MasterCard, Cryptocurrencies, UPI, Perfect Money |
Minimum Deposit | $10 (≈ ৳1120) |
Minimum Withdrawal | $10 (≈ ৳1120) |
Lot Size | 0.1 |
Assets | Forex, Indices, Commodities, Stocks, Cryptocurrencies |
Mobile Trading App | Android and iOS |
Customer Support Service | Email and Social Media Platforms |
Sign-up and Verification Process
Registering with IQ Option is easy and safe. Start by entering your email and choosing a password. Once registered, proceed to the verification step. Here, you’ll share personal data like your name, address, financial history, and trading expertise, allowing IQ Option to tailor their offerings and meet regulatory standards.
Then, validate your identity by submitting a passport, ID card, driver’s licence, or residence permit. For address verification, share a bank statement, utility bill, municipal address confirmation, or tax statement. Once submitted, IQ Option typically finishes their assessment within a business day.
Assets and Transactions
IQ Option offers a wide array of assets to cater to global traders. Their selection includes cryptocurrencies, classic options, global company stocks, commodities, and Forex currency pairs. This diverse range gives traders from Bangladesh ample opportunities to diversify portfolios and navigate various market conditions, positioning IQ Option as a comprehensive investment platform.
The platform offers a high potential payout of 95% on successful trades. Traders can begin with a minimum trade of $1, which is approximately ৳112 and scale up. The platform provides a leverage of up to 1:500, amplifying trading positions. With expiry times ranging from 60 seconds to a month, it caters to diverse trading styles.
Platform Features
- Total Portfolio: Keep track of your overall trading performance and asset allocation. Gain insights into your trading patterns and make informed decisions
- Chats & Support: Access a community of traders and learn from their experiences. Connect with IQ Option customer support for assistance or guidance.
- Leaderboard: Identify top performers and learn from their strategies.
- Market Analysis: Stay informed about market news and economic events. Utilize the earnings calendar to anticipate market movements.
- Tournaments: IQ Option gives you a chance to test your skills in a competitive environment and compete for prizes.
- Tutorials: Access a library of educational tutorials covering various trading topics.
- Alerts: Set up customizable price alerts to receive notifications about market movements.
Trading Platform
Web
IQ Option’s intuitive web interface caters to both novice and seasoned Bangladeshi traders. Its streamlined design ensures easy navigation. The platform shines in technical analysis, offering diverse chart types, indicators, and tools. These resources enable Bangladeshi traders to analyse market trends and make informed decisions, optimising their trading opportunities.
Mobile
The broker’s trading platform is accessible online and as a mobile app for iOS and Android in Bangladesh. It features tools such as technical analysis, historical quotes, and real-time news, aiding traders in making informed decisions. With its user-friendly interface, it attracts various traders and offers over 300 assets available on the web platform.
Olymp Trade — Ideal Binary Options Broker for Beginners
Founded in Russia in 2014, Olymp Trade has steadily gained popularity thanks to its superior trading conditions and user-focused features. It operates under the International Finance Commission’s purview and has an ‘A’ category membership with the Financial Commission for binary options trading, ensuring a secure trading environment for Bangladeshi users.
With a global user base of over 89 million across 130+ countries, Olymp Trade offers a wide variety of financial instruments, allowing Bangladeshi traders to diversify their investments. Given its optimal trading conditions, Olymp Trade stands out as a trusted choice for traders globally.
Overview
Overall Rating | 4.6/5 |
Payout | Up to 92% |
Sign-up Bonus | – |
Currency Support | USD |
Payment Methods | Bank Cards, Bank Transfers. Advcash, Perfect Money, Neteller, Skrill, Binance Pay, Cryptocurrencies |
Minimum Deposit | $10 (≈ ৳1120) |
Minimum Withdrawal | $10 (≈ ৳1120) |
Lot Size | 0.1 |
Assets | Forex, Stocks, Metals, Indices, Commodities, Cryptocurrencies, ETFs, OTC, Composites |
Mobile Trading App | Android and iOS |
Customer Support Service | Online Chat, Email, Hotline |
Sign-up and Verification Process
Registering with Olymp Trade in Bangladesh is straightforward. On their platform, click the evident “Registration” button. Input your name, email, and a strong password, knowing your data is protected. You’ll receive a verification email; click its link to activate your account.
For enhanced security, Olymp Trade needs further verification. Typically, you’ll provide an official ID (like a Bangladeshi passport or driver’s license) and proof of residence (maybe a utility bill or bank statement). After quick verification, you’ll be set to explore Olymp Trade’s vast trading opportunities.
Assets and Transactions
Olymp Trade provides a diverse range of assets. With over 140 assets, including currencies, stocks, indexes, and cryptocurrencies, it surpasses many online platforms. This extensive selection caters to varied trading interests, allowing traders to diversify their portfolios and leverage multiple market trends.
The potential for competitive payouts of up to 92% further accentuates the platform’s appeal. Furthermore, with a minimum trade starting at just $1 (≈ ৳112), Olymp Trade ensures that both seasoned traders and novices can comfortably navigate and adjust to the market dynamics, emphasizing its commitment to accessibility and user-friendliness.
Platform Features
- Trades: This functionality allows traders to make predictions on the price movement of an asset within a specific timeframe.
- Market: This segment focuses on granting Argentine traders access to a variety of tools, strategies, and educational resources.
- Event: Within this category, you can find promotional events and tournaments aimed at enhancing your trading experience.
- Help: The Help feature offers support in various aspects of trading, assisting you with any queries or concerns you may have.
Trading Platform
Web
Olymp Trade’s web platform is tailored for Bangladeshi traders, combining a user-friendly design with advanced tools and strong security. It’s rich in technical analysis tools, offering various chart types, indicators, and timeframes for efficient market trend analysis. The addition of real-time news feeds further aids traders in making informed decisions.
Mobile
The mobile application provided by Olymp Trade for iOS and Android devices is highly regarded and can be easily downloaded by Bangladeshi traders from the Google Play Store or Apple App Store. With a responsive design that closely resembles the web version, mobile traders can fully access all features, guaranteeing a competitive advantage.
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IQCent — Best Binary Option Broker with Low Positions
IQCent is an online binary options broker established in 2017 under Wave Maker LTD, based in Majuro, Marshall Islands. It offers advanced charting tools to help users make informed decisions and optimize profits. Unique to IQCent, traders can start positions as low as 0.01 cent.
While it boasts features like quick options and CFD trading across Forex, Stocks, and Commodities, it’s essential to know that it’s not regulated by a known regulatory body. Nonetheless, many traders have positively reviewed IQCent for its platform’s simplicity, order execution, and profitability.
Overview
Overall Rating | 4.4/5 |
Payout | Up to 98% |
Sign-up Bonus | – |
Currency Support | USD, EUR, RUB, GBP |
Payment Methods | Bank Cards, Bank Transfers. Advcash, Perfect Money, Neteller, Skrill, Binance Pay, Cryptocurrencies |
Minimum Deposit | $50 (≈ ৳5600) |
Minimum Withdrawal | |
Lot Size | 0.1 |
Assets | Forex, Commodities, Indices and Cryptocurrencies |
Mobile Trading App | Android and iOS |
Customer Support Service | Online Chat, Hotline |
Sign-up and Verification Process
IQcent provides four account options: Bronze, Silver, Gold, and VIP. To sign up, enter your email, phone number, name, and choose your account currency. IQcent prioritises the security of Bangladeshi traders. After inputting your details, ensure you read and accept the platform’s Terms and Conditions by checking the agreement box.
IQCent uses a detailed verification process in the ‘My Account’ section to combat fraud. Traders must provide a valid ID, such as a Passport or Driver’s License, and a selfie with that ID. Verification typically completes within 24 to 48 hours of document submission, safeguarding trader authenticity on IQCent.
Assets and Transactions
IQCent provides a multifaceted platform featuring quick trades and CFDs on Forex, Stocks, and Commodities. Users have access to a diverse array of assets, including stocks and cryptocurrencies. With over 100 trading assets available, traders can diversify their portfolios and tap into multiple investment opportunities.
The broker offers an intuitive platform for easy trade execution. With a minimum trade size of $0.01, it caters to both beginners and those keen on smaller investments. Traders can select assets, set their investment amount, and determine the trade duration with simplicity.
Platform Features
- TurboSavings: Invest in fixed-term savings plans with attractive rates, tailored to your goals and risk tolerance.
- Copy Trading: Mirror the trades and strategies of successful traders, benefiting from their expertise.
- Trading Contest: Participate in exciting contests, competing against other traders for valuable prizes and recognition.
- Market Analysis: Access comprehensive tools and insights, staying informed about market trends for informed trading decisions.
- Help Center: Find answers to trading-related questions, access tutorials, FAQs, and receive assistance from customer support representatives.
- Marketplace: Explore a diverse range of trading instruments and assets, including currencies, commodities, stocks, indices, and cryptocurrencies.
Trading Platform
Web
IQCent features a user-friendly trading platform with access to diverse instruments like stocks and cryptocurrencies. Built-in technical analysis tools help traders decipher market trends and patterns, enabling informed trading decisions.
Mobile
IQCent’s web platform is mobile-optimised, allowing traders to engage on the move. Though there isn’t a specific app, its mobile-friendly site provides real-time data, charts, and diverse tradable assets, facilitating portfolio management from smartphones or tablets.
How to find the best binary options broker in Bangladesh
When looking for a binary options broker, consider key factors like generous payouts, transparency, user-friendly platforms, quality customer support, a range of tradable assets, and easy deposit and withdrawal methods.
Payouts and Fees
High Payouts
It’s vital to trade with a broker offering good payouts; I believe a minimum of 90% is essential for market competitiveness. Some brokers offer VIP accounts with extra payments, usually about 4%, boosting your chances. However, VIP accounts often need larger deposits. Always remember to invest only what you’re comfortable potentially losing.
Low Fees
Beyond high payouts, it’s crucial to choose a broker with minimal fees. While binary options brokers mainly profit from trades, they might have extra charges. Two common fees to be aware of are:
- Deposit and withdrawal fees: Some brokers might charge when you deposit or withdraw funds. The fees can vary based on the payment method. For instance, bank transfers might have a fee, whereas e-wallet transactions might be free. Always check with your broker.
- Inactivity fee: If you plan a break from trading, consider withdrawing your funds. Some brokers charge fees for inactive accounts. The duration before this fee applies and the amount can vary between brokers. If your break exceeds three months, consider reviewing the broker’s terms or withdrawing your funds.
Reputation and Regulation
Before choosing a broker, ensure its reliability and security, especially since you’ll be depositing money. Opt for brokers with a strong reputation, significant market presence, and clear business practices. To gauge transparency, check the broker’s homepage, particularly the footer, for company information.
The “about us” page often provides more details. Always review their terms and conditions, and if anything feels off, explore other platforms.
Regulation
Binary options in Bangladesh aren’t regulated by local financial authorities. While many brokers are regulated by international bodies, like CySEC in Cyprus, such regulations primarily protect the residents of the respective countries, not Bangladeshi traders.
So, even if a broker is CySEC-regulated, it doesn’t necessarily operate in Bangladesh. Many review sites may misconstrue this to attract traders to specific platforms. However, we prioritise our readers’ interests, ensuring we comprehensively assess each broker’s licences and Bangladesh operations.
Deposits and Withdrawals
Depositing funds with brokers is usually easy, but withdrawals can be trickier. Delays often stem from identity checks due to Know Your Customer (KYC) procedures, which combat financial crimes. If you’ve passed these checks but still face issues, it could be because you’re using a different withdrawal method than your deposit.
Brokers favour consistent transaction methods to ensure safety. If changes are needed, discuss with your account manager. Once everything is in order, most brokers process withdrawals in three business days, with some e-wallets being even faster.
Final Thoughts
In recent years, binary trading has gained global traction, including in Bangladesh,. However, its legal status remains ambiguous since the Bangladesh Securities and Exchange Commission (BSEC) hasn’t directly addressed it.
Currently, binary trading isn’t explicitly illegal or regulated, making it de facto lawful if traders work with offshore brokers. Until the BSEC provides clearer guidelines, traders can explore binary options within this regulatory gray area.
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 -
Intrade.Bar
Intrade Bar is a new binary options broker claiming to be trustworthy with clear rules. They have fixed payouts, like 82% for a 3-minute bet and 85% for bets over $80. Money withdrawal takes 5 minutes, but sometimes they have delays lasting 2-3 days. They offer a unique, customizable platform usable on any browser. You don't need scanned documents for e-wallet transactions; bank verification is necessary. Intrade Bar doesn't have contests or bonuses.
Pros- They offer a risk management function, which is the ability to set acceptable values of loss and profit
- They have a low minimum deposit.
Cons- Their website lacks learning material.
YesYes1 USD-10 USD100% Deposit Bonus
2. Binary Options Brokers Compared:
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 | 3.3 | Yes | No | |
$5 | 0.01 lots | up to 1:888 | 3.8 | Yes | No | |
$200 | 0.01 lots | up to 1:2000 | - | Yes | No | |
100 USD | 0.01 of the lot | up to 1:30 for retail clients, up to 1:600 for professional clients | 3.9 | Yes | No | |
100 USD | 0.01 Lot | Up to 1:500 | 1.8 | Yes | No | |
250 USD | 1 USD | 1:50 | 2.4 | No | No | |
$250 | $1 | 1:1 | 1.7 | No | No | |
$1 | 0.01 Lot | Up to 1:1000 | 3.8 | Yes | No | |
$10 | $1 | None | 3.8 | No | No | |
$20 | 0.01 lots | up to 1:300 | 3.3 | Yes | No | |
$250 | 0.01 lots | Up to 1:30 for retail clients, 1:200 for professional clients | 3.9 | Yes | Yes | |
$10 | 0.01 Lot | up to 1:1000 | 2.7 | Yes | No | |
$100 | 0.01 lots | Up to 1:500 | 4.4 | Yes | No | |
$100 | 0.01 Lot | Up to 1:300 | 4.1 | No | No | |
$10 | 0.01 lots | Up to 1:2000 | 3.8 | Yes | No | |
$50 | 0.01 lots | Up to 1:400 | - | Yes | No | |
$100 | 0.01 Lot | Up to 1:300 | 3.4 | Yes | No | |
100 USD | 0.01 Lot | Up to 1:500 | 4.2 | Yes | No | |
- | 0.01 Lot | Up to 1:500 | 4 | Yes | No | |
$100 | 0.01 Lot | Up to 1:30 for retail clients, up to 1:200 for professional clients | 2.1 | Yes | No | |
10 USD | 0.01 Lot | up to 1:2000 | 2.5 | Yes | No | |
$1 | 0.01 Lot | up to 1:1000 | 3 | Yes | No | |
$100 | 0.01 lots | up to 1:500 | 3.8 | Yes | No | |
$50 | 0.01 lots | Up to 1:200 | 4.7 | Yes | No | |
$0 | 0.01 micro lots | Up to 1:50 for US clients, varies for other regions | 3.4 | Yes | No | |
N/A | N/A | N/A | 4.4 | No | No | |
100 EUR/USD/GBP | 0.01 lots | Up to 1:200 | 3.6 | Yes | No | |
100 USD | N/A | Up to 1:1000 (Varies by broker and regulation) | 3.6 | Yes | No | |
$500 | Not specified | Up to 6:1 for day trades, 2:1 for overnight positions | 3.2 | Yes | No | |
0 GBP | 0.01 lots | Up to 30:1 for retail clients, up to 500:1 for professional clients | 4 | Yes | Yes | |
$500 | Varies by asset | Up to 1:50 for stocks, varies for other instruments | 4.5 | Yes | No | |
$200 | 0.01 lots | Up to 1:500 | 4.8 | Yes | No | |
Variable depending on account type and region | 0.01 lots | Up to 1:1000 | 3.2 | Yes | No | |
$200 | 0.01 lots | Up to 1:30 for retail clients, up to 1:500 for professional clients | 3.9 | Yes | No | |
$100 | 0.01 lot | Up to 1:400 | 4.3 | Yes | Yes | |
$0 for Standard Account, $500 for ThinkZero Account | 0.01 lots | Up to 1:500 for Forex | 4.3 | Yes | No | |
100 GBP | 0.01 lots | Up to 1:30 for retail clients, up to 1:300 for professional clients | 1.9 | Yes | No | |
$0 | Not specified | Not applicable for U.S. based investment brokers | 1.2 | Yes | No | |
$0 | N/A | Up to 1:50 for Forex (for professional clients) | 1.2 | Yes | No | |
$0 for IBKR Lite, $100 for IBKR Pro | No minimum order size | Up to 1:50 for stocks, varies for other instruments | 3 | Yes | No | |
$50 | 0.01 Lot | Up to 1:500 | 4.3 | No | No | |
$500 | 0.01 lots | up to 1:30 for retail clients, up to 1:200 for professional clients | 3.1 | Yes | No | |
$100 | 0.01 Lot | up to 1:1000 | 3.1 | Yes | No | |
$500 | 0.01 lots | Up to 1:400 | 1.3 | Yes | No | |
$10 | 0.01 Lot | up to 1:1000 | 4.4 | Yes | No | |
$0 | Not specified | Up to 1:50 for stocks | 1.1 | Yes | No | |
$500 | Not specified | Up to 1:50 for stocks | 1.1 | Yes | No | |
No minimum deposit | 0.01 lots | Up to 1:500 | 2.6 | Yes | No | |
$10 | 0.01 Lot | up to 1:1000 | 3.4 | Yes | No | |
$1 | 0.01 Micro Lot | Up to 1:2000 | 4.6 | Yes | No | |
$200 | 0.01 Lot | up to 1:100 | 3.5 | Yes | No | |
10 USD | 1 USD | 1:100 | 3.4 | No | No | |
100 | 0.01 | Up to 1:200 | - | Yes | Yes | |
- | - | - | 1.5 | No | No | |
$2,000 | Varies by asset class | Up to 1:30 for retail clients, higher for professional clients | 3.7 | Yes | No | |
500 EUR | 0.01 lots | up to 1:200 | 3.4 | Yes | No | |
$50 | 0.01 Lot | Up to 1:1000 | 2.3 | Yes | No | |
1000 CHF or equivalent | Not specified | Up to 1:100 for Forex | 3.4 | Yes | No | |
100 USD/EUR/GBP | 0.01 lot | Up to 1:800 (varies by instrument and regulatory requirements) | - | Yes | Yes | |
$100 | 0.01 lots | up to 1:500 | 3.7 | Yes | No | |
$200 | 0.01 Lot | Up to 500:1 | 3.5 | Yes | No | |
$25 | 0.01 Lot | up to 1:1000 | - | Yes | No | |
$100 | 0.01 lots | Up to 1:500 | 3.4 | No | No | |
$1 | 0.01 Lot | up to 1:1000 | 1.9 | Yes | No | |
10 OPEX (Kyrgyzstani Som) | - | Up to 1:3000 (unverified, reported on forums) | - | Yes | No | |
$50 | 0.01 lot | up to 1:500 | - | Yes | No | |
10,000 USD | Not specified | Up to 1:50 | 2.5 | Yes | No | |
$500 | 0.01 lot | up to 1:100 | 2.9 | Yes | No | |
$500 | 0.01 Lot | up to 1:200 | 1.8 | Yes | No | |
$0 | 1 share or $1 for fractional shares | N/A | - | No | No | |
N/A | N/A | N/A | - | No | No | |
$0 | Not specified | Up to 1:4 for stocks | - | Yes | No | |
$500 | N/A | N/A | - | No | No | |
Not specified | Not specified | Not applicable | - | Yes | No | |
INR 0 | Not specified | Up to 6x for equity intraday, varies for other segments | - | Yes | No | |
$100 | $1 | Not applicable | - | No | No | |
$0.10 | Varies by asset | Up to 1:3 for cryptocurrencies | - | Yes | No | |
$5,000 | 1 property | N/A | - | No | No | |
В зависимости от страны и типа учетной записи | N/A | N/A | - | No | No | |
No minimum deposit requirement | Varies depending on the cryptocurrency | Up to 3x for some trading pairs | - | Yes | No | |
$0 | Varies by asset | Up to 100x for cryptocurrencies | - | Yes | No | |
$0 | 1 share or $1 for ETFs and mutual funds | Not typically offered | - | No | No | |
$0 | Varies by asset | None | - | No | No | |
$0 | Not specified | Not generally offered | - | No | No | |
$0 | N/A | N/A | - | Yes | No | |
No official minimum deposit | Varies by asset | Up to 1:100 for certain instruments | 3.2 | Yes | No | |
- | - | - | - | Yes | Yes | |
1$ | - | - | - | Yes | Yes | |
- | - | - | 3.8 | Yes | Yes | |
$5 | - | 1:30 | 4.1 | Yes | Yes | |
$10 | - | 1:500 | 1.5 | Yes | Yes | |
10$ | - | 1:500 | - | Yes | Yes | |
- | - | - | 2.8 | Yes | Yes | |
$1 | - | - | - | Yes | Yes | |
- | - | 1:500 | - | Yes | Yes | |
100$ | - | - | - | Yes | Yes | |
250$ | - | Up to 1:500 | - | Yes | Yes | |
$0.0012 | - | - | - | Yes | Yes | |
$250 | - | Maximum leverage of 1:400 | 2.3 | Yes | Yes | |
$250 | - | Max leverage 1:500 | 1.3 | Yes | Yes | |
$500 | - | 1:6 | 4.6 | Yes | Yes | |
- | - | Starts at 1:20 | 2.1 | Yes | Yes | |
1$ | - | 1:400 | 3.6 | Yes | Yes | |
- | - | - | - | Yes | Yes | |
138$ | - | 1:100 | 4.3 | Yes | Yes | |
10$ | - | Not applicable for GC Option, max 1:500 on Grand Capital | 2.5 | Yes | Yes | |
- | - | 1:3000 | 4.8 | Yes | Yes | |
$10 | - | 1:500 | 4.7 | Yes | Yes | |
5$ | - | - | 3.4 | Yes | Yes | |
- | - | 1:500 | 4.7 | Yes | Yes | |
200$ | - | Up to 1:500 | 4.4 | Yes | Yes | |
$0 | Not specified | Up to 1:50 for Forex | 1.5 | Yes | No | |
$20 | - | - | 4.5 | Yes | Yes | |
$500 | - | - | - | Yes | Yes | |
- | - | - | 4 | Yes | Yes | |
250$ | - | 1:30 | 4.3 | Yes | Yes | |
$100 | - | - | 4 | Yes | Yes | |
- | - | 1:500 | 4.6 | Yes | Yes | |
1$ | - | - | - | Yes | Yes | |
20$ | - | - | - | Yes | Yes | |
- | - | - | - | Yes | Yes | |
0$ | - | Up to 1:2000 | - | Yes | Yes | |
100$ | - | - | - | Yes | Yes | |
- | - | - | - | Yes | Yes | |
$5 | - | - | - | Yes | Yes | |
- | - | up to 1:500 | - | Yes | Yes | |
$100 | - | 1:1000 | 4.1 | Yes | Yes | |
- | - | - | 4.6 | Yes | Yes | |
- | - | - | - | Yes | Yes | |
$100 | - | Up to 1:500 | 4.9 | Yes | Yes | |
$0 | - | 1:500 | - | Yes | Yes | |
$5 | - | Up to 1:3000 | 4.3 | Yes | Yes | |
$1 | - | 1:500 | 4.4 | Yes | Yes | |
$200 | - | 1:2000 | - | Yes | Yes | |
- | - | - | - | No | No | |
- | - | - | - | Yes | Yes |