Best Binary Options Brokers and Platforms

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In this guide, we review the best binary options brokers and reveal each of the pros and cons so you can make an informed decision. We have analysed and compared all of the brokers in 6 major categories including payouts, trading platforms, deposit methods, available assets, features, and regulatory information.

Based on our comparison and research, this are the best binary options brokers:

Best Binary Options Brokers 2022

  1. Pocket Option – Best Binary Options Broker for UAE Traders
  2. BinaryCent – Best Social Trading Binary Options Broker 
  3. RaceOption – Offers the Best Binary Options Bonuses
  4. IQ Option – Binary Options Broker with the Best Trading Platform
  5. Binary.com – Best Binary Options Broker for Beginners
  6. ExpertOption – Best Cryptocurrency Binary Options Broker
  7. Olymp Trade – Best Arabic Binary Options Broker 
  8. Binomo – Best Binary Option Broker for Tournaments
RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1Pocket OptionBeginner-friendly apps and research tools​4.7 / 5Overall options tradingOfficial website
#2BinaryCentAdvanced social trading features3.1 / 5Best Social Trading Binary Options BrokerOfficial website
#3RaceOption1-hour withdrawals3.2 / 5Offers the Best Binary Options BonusesOfficial website
#4IQ OptionOffering binary options, digital options, and CFDs4.7 / 5Binary Options Broker with the Best Trading PlatformOfficial website
#5Binary.comFull-fledged desktop binary options trading platform4.2 / 5Best Binary Options Broker for BeginnersOfficial website
#6ExpertOption100+ tradable assetsincluding stocks, forex, commodities, and crypto4.7 / 5Best Cryptocurrency Binary Options BrokerOfficial website
#7Olymp TradeExcellent customer support4 / 5Best Arabic Binary Options BrokerOfficial website
#8BinomoWorld-class IFC-regulated4.4 / 5Best Binary Option Broker for TournamentsOfficial website

Best Binary Options Brokers 

01. Pocket Option: Overall options trading

pocket-option-logo

Pocket Option is a reputable online options brokers, known for its intuitive trading platform, high payouts, social trading features, and access to instant withdrawals. Users can trade on more than 150 different assets and receive up to 96% payouts. Pocket Option doesn’t charge commissions on deposits and withdrawals, offers 100+ payment methods, bonuses, high payouts, excellent customer service, and advanced trading tools (indicators and signals). As a first time trader, you receive a 50% deposit bonus when you open an trading account.

If you are based in the UAE and looking for the best binary options broker, we recommend Pocket Option.

  • High payouts up to 96%
  • Low minimum deposit of $50
  • Low minimum trade size of $1
  • Over 100 available assets including stocks, forex pairs, crypto, and commodities
  • Available on Windows, Android, and iOS devices

02. BinaryCent: Best Social Trading Binary Options Broker

binarycent-logo

BinaryCent is a well known options and CFD broker, known for its advanced social trading features allowing users to copy positions of thousands of professional traders and seasoned investors. They offer low minimum trade size of $0,10, high leverage up to 100:1, and payouts of up to 95%. Traders can access over 130 different markets including stocks, forex currency pairs, indices, cryptos and commodities. BinaryCent is regulated by the VFSC.

  • Open an account from $250
  • Minimum trade size of $0,10
  • Over 130 available assets including stocks, forex pairs, indices, crypto, and commodities
  • Offers forex and CFD trading
  • Accepts UAE traders

03. RaceOption: Offers the Best Binary Options Bonuses

raceoption-logo

RaceOption is a UK-based options and CFD broker known for their bonuses and promotions. You will receive a 20% to 100% deposit bonus when you open a RaceOption trading account and you can count on additional bonuses and promotions along the way. RaceOption offers 1-hour withdrawals, high deposit bonuses, and payouts up to 96%. You can easily fund your account using bank transfers, credit cards, and cryptocurrencies like Bitcoin, Ethereum, and Litecoin. We recommend RaceOption to beginner traders looking for an easy-to-use binary options trading platform.

  • Open an account from $250
  • High payouts up to 90%
  • Generous welcome bonus of 20-100%
  • Over 150 tradable assets including crypto
  • Offers forex and CFD trading
  • Accepts UAE traders

04. IQ Option: Binary Options Broker with the Best Trading Platform

iq-options-logo

IQ Option is a CySec-regulated binary options broker offering binary options, digital options, and CFDs on over 250 assets, including cryptocurrencies and ETFs. Their trading platform (WebTrader) is easy to use, intuitive and you can expect up to 95% payouts on correct predictions. The mobile app is available on iOS and Android and offers the same trading features as the web platform. IQ Option also offers a demo account option with $10,000 in virtual cash that has the same features and risk management tools (Stop-Losses, Take-Profits, Negative Balance Protection, and Trailing-Stops) as the real trading account.

IQ Option is a great binary options broker for experienced traders as it offers a wide range of technical analysis tools like indicators and dynamic charting features. 

  • Low minimum deposit of $10
  • High payouts up to 95%
  • Low minimum trade size of $1
  • Over 250 tradable assets including stocks, crypto, forex pairs, commodities, and ETFs
  • Offers a demo trading account

05. Binary.com: Best Binary Options Broker for Beginners

binary.com-logo

Binary.com is a reputable options and CFD broker offering binary option contracts on stocks, commodities, forex pairs, cryptocurrencies, and (synthetic) indices with expiry times from 10 seconds to 1 year. You can receive payouts as high as 1000% on touch/no-touch options and over 100% on vanilla binary options. Binary.com offers access to a wide range of simple and advanced trading platforms including:

  • Deriv – Beginner-friendly binary options trading platform with a broad range of features.
  • SmartTrader – World-class CFD trading platform suitable for both beginner and advanced traders.
  • Tick Trade – Android app to trade binary options from your smartphone or tablet.
  • MetaTrader 5 – Advanced trading platform for binary options, CFDs, and forex trading.
  • Binary WebTrader – Full-fledged desktop binary options trading platform 
  • Binary Bot – Trade binary options on auto-pilot with this ‘drag and drop’ trading bot.

They have offices in multiple countries and are regulated by multiple financial regulators like the Vanuatu Financial Services Commission, the British Virgin Islands Financial Services Commission, the Malta Financial Services Authority, and the Labuan Financial Services Authority.

  • Low minimum deposit of $5
  • Low minimum trade size of $1
  • High payouts up to 85%
  • Trade binary options and CFDs on over 200 assets including forex pairs, commodities, and (synthetic) indices
  • Offers a free demo account 

06. ExpertOption: Best Cryptocurrency Binary Options Broker

expertoption-logo

ExpertOption is a well established options broker offering access to over 100 tradable assetsincluding stocks, forex, commodities, and crypto. It is known for its feature-rich mobile trading app, easy to use trading platforms, advanced social trading features and payouts of up to 95%. You can copy the trades of professional traders using ExpertOption’s social trading platform and use 4 chart types, 8 indicators, and other technical analysis tools to further increase your trading experience. ExpertOption accepts more than 20 payment methods including e-wallets, credit cards, bank transfers, and cryptocurrencies.

Based in Saint Vincent and the Grenadines it is regulated by both the Vanuatu Financial Services Commission (VDSC) and the Financial Market Relations Regulation Centre (FMRRC). You can practice trading with options with a free demo account or open a real binary options account at ExpertOption from $10. 

  • Open an ExpertOption account from $10
  • Low minimum trade size of $1
  • Offers crypto, forex, stocks, and commodity binary option trading
  • High payouts up to 95%
  • Practice with a free demo account

07. Olymp Trade: Best Arabic Binary Options Broker

olymp-trade-logo

Olymp Trade is an IFC-regulated Cypres-based broker that offers excellent customer support, access to over 75 tradable assets, a free demo account and access to trading strategy webinars and educational guides in Arabic. UAE traders favours it because of their trading platform, mobile app and customer support availability in Arabic and English language.

Olymp Trade is compatible with MetaTrader 4 and offers a mobile trading app available on both Android and iOS devices. All of your deposits are insured by the company.

  • Open an Arabic binary options trading account from $10
  • Low minimum trade size of $1
  • High payouts up to 92%
  • Over 100 tradable assets including ETFs, stocks, indices, forex pairs, and crypto
  • Offers free demo account

08. Binomo: Best Binary Option Broker for Tournaments

binomo-logo

Binomo is a world-class IFC-regulated binary options broker offering access to 42 different markets including binary options, forex, cryptocurrencies, and CFDs. VIP account holders receive 10% weekly cashback, up to 100% deposit bonuses, a personal account manager and 1-hour withdrawals. Based in St. Vincent and the Grenadines, Binomo is a Category A member of the International Finance Commission which means that all your deposits are insured up to $20,000.

Binomo is well known for their tournament features where you can participate in options trading tournaments with prize pools from $300 to $70,000. The traders with the highest profit within the time frame will win a share of these prize pools. You can practice binary options trading with Binomo’s demo account or open a real Binomo account from $10. 

  • Low minimum deposit of $10
  • Low minimum trade size of $1
  • High payouts up to 90%
  • Over 100 tradable assets including stocks, forex pairs, indices, and commodities
  • Offers free demo account

What to Keep in Mind When Choosing a Binary Options Broker

There are few criteria you should keep in mind when choosing a options broker including: available assets, regulations, minimum deposit heights, payout percentages, bonuses, demo accounts, and trading features. All these factors are important and will affect your profitability and trading experience. 

Binary Options Trading Apps

If you want to be a successful binary options trader it is important that you can trade the markets from all your devices including your smartphone. This allows you the trade wherever you are and never miss an opportunity. 

Regulation

It is important that you trade with a regulated binary options broker so that you can be sure they pay you out and show real market prices. Regulated brokers have to adhere to strict rules set out by financial regulators like insuring client funds and storing them in segregated bank accounts. 

The most prominent financial regulators are:

  • CySEC – The Cyprus Securities and Exchange Commission
  • FSB – The Financial Services Board
  • CFTC – Commodities Futures Trading Commission
  • FCA – Financial Conduct Authority
  • ASIC – Australia Securities and Investment Commission

Minimum Deposits

We recommend beginners to trade binary options with a broker that required a low minimum deposit and that has low minimum trade sizes. With most binary options brokers in this guide, you can open an account from $10 and open binary options trades from $1 or $0,10. 

Payout Percentages

The best binary options brokers offer higher payouts than other binary options brokers. The purpose of trading is to make profit so you should only trade with brokers that offer the highest possible payouts like the ones mentioned in this guide. 

Binary Options Trading Bonuses

The best binary options brokers give bonuses to new and existing clients in the form of deposit bonuses, sign-up bonuses, risk-free trades, and increased payouts. With most of our top-rated brokers, you receive a welcome bonus when opening a binary options trading account with them.

Demo Trading Accounts

Demo binary options trading accounts are a great way to familiarize yourself with binary options trading platforms and binary options trading in general. You will receive virtual funds to trade the markets with on the demo accounts that mirror the real markets. 

Binary Options Social Trading

With binary options social trading you can copy the trades of professional binary options traders. This is interesting for beginner traders that don’t have much binary options trading experience yet. 

Open Binary Options Social Trading Account with BinaryCent

Binary Options Trading Signals

The best binary options brokers offer binary options trading signals, alerts, and notifications. These signals can help you identify profitable opportunities and minimize risk. 

Binary Options Trading Apps

The best binary options brokers have a wide range of tradable instruments across multiple asset classes like stocks, commodities, forex, indices, and cryptocurrencies. Binary options brokers like IQ Option, ExpertOption, and Pocket Option offer CFD and forex trading as well. 

Summary

In this best binary options brokers guide, we have discussed the best binary options brokers available for beginner and advanced traders. You now know that the payouts, trading platforms, available deposit methods, and tradable assets are the most important factors of binary options brokers and that you should only trade with regulated binary options brokers like the ones mentioned in this guide. We recommend trading binary options with Pocket Option, our top-rated binary options broker. 


Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best forex brokers. Trading platform, fees, mobile trading, payments, assets, regulation,
education and research are all part of our six-month evaluation of a broker’s account.The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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