128 Top Binary Options Brokers Reviewed in 2023

  • Quotex
    Quotex
    4.9/5

    The platform is easy to use, they have lots of deposit and withdrawal options, a wide array of assets to trade, and a 4.8/5 Trustpilot rating.

    Yes
    Yes
    $1
    -
    $10
  • IC Markets
    IC Markets
    4.8/5
    Yes
    Yes
    0.01 Lots
    ASIC, CySEC, FSA
    $200
  • AvaTrade
    AvaTrade
    4.7/5

    AvaTrade, a reputable brokerage platform founded in 2006 and headquartered in Dublin, Ireland, has carved a niche in the forex trading industry thanks to its exceptional service and emphasis on convenience.

    The platform's transparent operations and adherence to stringent regulatory standards have garnered it global recognition and a loyal clientele.

    No
    Yes
    $0.01
    ASIC, CBoI, FSA, FSB, FSCA
    $100
  • Markets.com
    Markets.com
    4.7/5

    Luckily, simplicity is what you will find on Markets.com. Their website's design is clutter-free and easy to understand. It is no wonder that Markets.com is known for its reputation as one of the most user-friendly trading platforms available.

    No
    Yes
    0.01 Lots
    FCA, CySEC, ASIC, FSCA, FSC, ESMA
    $100
  • Forex.com
    Forex.com
    4.6/5

    Forex.com is a regulated online forex broker offering its services in a wide range of countries, including the United States.
    It offers forex and metals trading (more products if trading outside the US). It has different account types of suit different styles of trades, including a fee rebate program for high-volume traders.

    No
    Yes
    $1
    CFTC, CIMA, CIRO, CySEC, FCA, NFA, SFC
    $100
  • Exness
    Exness
    4.6/5

    If you are looking for a reliable, trustworthy broker that will help you get the most out of your trading experience, then here is a detailed review of their platform to help you get started.

    Yes
    Yes
    Variable
    CBCS, CySEC, FCA, FSA, FSC, FSCA
    $10
  • Easy Markets
    Easy Markets
    4.5/5
    Yes
    Yes
    Variable
    CySEC, ASIC, BVI, FSCA
    €100
  • OCTAFX
    OCTAFX
    4.5/5
    No
    Yes
    0.01 Lots
    -
    $100
  • 10 TradeFX
    10 TradeFX
    4.5/5
    Yes
    Yes
    0.01 Lots
    SFSA
    $200
  • 10 TradeFX
    10 TradeFX
    4.5/5
    Yes
    Yes
    0.01 Lots
    SFSA
    $200
  • ETORO
    ETORO
    4.4/5

    eToro is, first of all, an international foreign exchange broker that uses advanced technology to copy the trades of successful traders.

    This unique platform provides the best conditions for social trading with indices, foreign currencies, shares of well-known companies, and commodities.

    Choosing among brokers with sufficient experience of activity in the Forex market, you should consider eToro.

    Yes
    Yes
    $10
    FCA, CySEC, ASIC, FSA
    $50
  • Expert Option
    Expert Option
    4.4/5

    ExpertOption, boasting over 70 million users, aims to deliver an exceptional trading experience for beginners and veteran traders alike. A comprehensive review is crucial to verify if it lives up to these user expectations.

    Yes
    Yes
    $1
    SVGFSA
    $10
  • SPECTRE.AI
    SPECTRE.AI
    4.4/5

    Bernard Baruch once said, "In trading, it's not about how much you make, but how much you don’t lose." There are a lot of trading platforms out there today, but how many of them care about your profits? Most of these platforms are just after your funds and do not care much if you’re losing.

    Yes
    Yes
    $1
    St. Vincent and the Grenadines
    $0
  • Grand Capital
    Grand Capital
    4.4/5
    Yes
    Yes
    0.01 Lots
    FinaCom
    $10
  • NordFX
    NordFX
    4.4/5
    No
    Yes
    $1
    VFSC
    $10
  • Fibo Group
    Fibo Group
    4.3/5

    Founded in 1998, the Financial Intermarket Brokerage Online Group (FIBO Group) has grown into a leading brokerage firm, servicing both individual and institutional clients with an online platform for active participation in various financial markets.

    Yes
    Yes
    0.01 Lots
    CySEC, FSC BVI
    $50
  • RoboForex
    RoboForex
    4.2/5

    It markets itself as a beginner-friendly broker offering a great selection of assets and trading instruments to experienced and novice traders alike. Its reliability and exceptional features make it an excellent choice for anyone seeking to engage in the world of trading.

    Yes
    Yes
    0.01 Lots
    IFSC
    $10
  • Admiral Markets
    Admiral Markets
    4.2/5
    Yes
    Yes
    0.01 Lots
    FCA, CySEC, ASIC, JSC
    $100
  • Binomo
    Binomo
    4.1/5
    Yes
    Yes
    $1
    -
    $10
  • Orbex
    Orbex
    4.1/5

    Orbex

    No
    Yes
    0.01 Lots
    BaFin, CySEC, FSC (Mauritius)
    $200
  • Libertex
    Libertex
    4.1/5
    Yes
    Yes
    $10
    CySEC, BaFin
    €100
  • ThinkMarkets
    ThinkMarkets
    4.1/5
    No
    Yes
    0.01 Lots
    FCA, ASIC, CySEC, FSCA, JFSA, FSA Seychelles
    $0
  • IQ Option
    IQ Option
    4/5

    IQ Options is one of the top-rated brokers. But why choose IQ? Why not the dozens of other such platforms?

    Well, I have the perfect information to help you decide. Let me show you how IQ stands out before explaining what it is.

    Yes
    Yes
    0.001 Lots
    -
    $20
  • Plus500
    Plus500
    4/5
    Yes
    Yes
    Variable
    FCA, MAS, CySEC, ASIC, FSA, FSCA, FMA, DFSA, EFSA
    $100
  • Forex Club
    Forex Club
    4/5

    Forex Club, a well-known forex trading broker, stands out in an industry where there a lot of brokers. Its abundant content and stringent security protocols position it as an excellent choice for Russian users unfazed by the broker's lack of regulatory oversight. Conversely, non-Russian speakers may perceive Forex Club as a less optimal choice due to the language barrier and absence of regulation.

    No
    Yes
    -
    -
    -
    -
  • Teletrade
    Teletrade
    4/5

    Online trading has completely revolutionized how traders enter the market – and who those traders are. Now, even without any formal training, anyone can earn money from it. You just need an internet-enabled device like a smartphone and you’re set.

    Yes
    Yes
    0.01 Lots
    CySEC
    $100
  • IG.com
    IG.com
    4/5
    No
    Yes
    0.01 Lots
    FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin
    £250
  • XTB
    XTB
    4/5

    XTB stands out as one of the most recognized brokers worldwide. With a two-decade-long operational history, this financial broker has established offices in thirteen countries, including the UK, Poland, Germany, France, and Chile. Offering over 2,200 instruments, XTB caters to the needs of more than 495,000 clients.

    Yes
    Yes
    0.01 Lots
    CySEC, DFSA, FCA, IFSC, KNF
    $0
  • HYCM
    HYCM
    4/5

    HYCM, also known as Henyep Markets, is a leading provider of forex and contracts-for-difference (CFDs) trading services. With a respected presence in the industry over the last forty years, HYCM has established a strong reputation for its reliability and transparency.

    No
    Yes
    0.01 Lots
    FCA, DFSA, CIMA, CySEC
    $100
  • CMC Markets
    CMC Markets
    4/5
    No
    Yes
    0.01 Lots
    FCA, ASIC, MAS, CIRO
    $0
  • FxPro
    FxPro
    3.9/5

    FxPro offers an array of assets and instruments for a smooth trading experience, designed to meet the diverse needs of its users. Whether you're a novice stepping into the world of Forex and CFD trading or a seasoned expert in search of advanced features, FxPro has got you covered.

    Yes
    Yes
    0.01 Lots
    CySEC, FCA, FSCA, SCB
    $100
  • World Forex
    World Forex
    3.9/5
    Yes
    Yes
    0.01 Lots
    SVGFSA
    $1
  • Spread EX
    Spread EX
    3.9/5

    Finding a two-in-one financial platform that can perform up to high standards is difficult as a regular financial broker does.

    Spreadex is a two-in-one platform — offering CFD trading & sports betting services—that has been around for years.

    This article reviews whether or not this broker meets the required expectation.

    Yes
    No
    £0.01
    FCA
    £0
  • IronFx
    IronFx
    3.9/5

    Without a doubt, IronFX remains at the forefront of top brokers, delivering a reliable and unparalleled trading experience. Its quality is underscored by positive feedback from satisfied clients. Let’s take a look at what users like and dislike about the broker, to help you decide if it may be worth checking out for yourself.

    No
    Yes
    0.01 Lots
    BMA / Bermuda, CySEC, FCA, FSCA
    $100
  • Forex4You
    Forex4You
    3.8/5
    No
    Yes
    0.01 Lots
    BVI FSC
    $0
  • Tickmill
    Tickmill
    3.8/5

    Tickmill has been in the brokerage business for a while now.  It provides great flexibility to all types of traders. 
    Do you know that Tickmill started in 2014? Let’s dig deeper and find out everything we can about the broker

    No
    Yes
    0.01 Lots
    CySEC, FCA, FSA, LFSA, SC
    $100
  • Saxo bank
    Saxo bank
    3.8/5
    Yes
    Yes
    Variable
    DFSA, FCA, MAS, SFC
    £500
  • Gerchik & Co
    Gerchik & Co
    3.8/5

    Gerchik & Co operates worldwide with leveraged trading on forex, stocks, and indices. Picking an online broker to trade with can be tricky, especially when dozens appear on a simple search. We will explore this digital broker in depth to see how it fits your needs.

    No
    Yes
    -
    -
    -
    -
  • Pocket Option
    Pocket Option
    3.7/5

    Gembell Limited manages the Pocket Option broker. It started its operations in 2017 and has its registration in the Marshall Islands.

    Yes
    Yes
    $1
    IFMRRC
    $50
    50% Deposit Bonus
  • Interactive brokers
    Interactive brokers
    3.7/5

    Interactive Brokers (abbreviated as IBKR or IB) is a globally-recognized brand which offers online trading in forex, stocks, exchange traded funds, futures, CFDs, bonds, options, cryptocurrencies, mutual funds, and more.

    Yes
    Yes
    $100
    FCA, IIROC, SEC, SFC
    $0
  • CLM Forex
    CLM Forex
    3.7/5
    Yes
    Yes
    0.01 Lots
    SVGFSA
    $100
  • FXTM
    FXTM
    3.6/5

    Firstly, the broker is regulated by the Financial Services Commission (FSC) of Mauritius and holds licenses from CySEC, FCA, and MiFID. It offers a variety of trading instruments, such as Forex pairs, CFDs, Commodities, Indices and Cryptocurrencies, which can trade on the MetaTrader4 and MetaTrader5 platforms.

    No
    Yes
    0.01 Lots
    CySEC, FCA, FSC, FSCA
    $50
  • Ayondo
    Ayondo
    3.6/5

    Ayondo is a London-based forex broker offering a diverse range of trading instruments, with a focus on currency, indices, precious metals, shares, and commodities. In 2018, however, the platform's parent company faced financial hardships, halting its operations.

    Yes
    Yes
    BaFin
    $100
  • ZuluTrade
    ZuluTrade
    3.6/5

    If you're considering starting social and copy trading, this article reviews one of the most prominent social trading apps, ZuluTrade.

    No
    Yes
    $1
    -
    -
  • Darwinex
    Darwinex
    3.6/5

    This review aims to provide you with a thorough exploration of Darwinex, covering all the critical aspects of this platform.

    By the conclusion of this review, you'll be well-equipped with the necessary information to decide whether Darwinex is the trading platform that best suits your needs.

    Yes
    Yes
    0.01 Lots
    FCA
    $500
  • Swissquote
    Swissquote
    3.6/5
    No
    Yes
    0.01 Lots
    FCA, FINMA, DFSA, SFC
    $1000
  • Close Option
    Close Option
    3.6/5
    Yes
    Yes
    $1
    National Bank of Georgia
    $5
  • AlfaForex
    AlfaForex
    3.5/5
    No
    Yes
    -
    -
    -
    -
  • Vantage FX
    Vantage FX
    3.5/5

    Vantage FX is one of the leading Australian brokers recognized globally for offering a suite of services for traders, including Forex trading, Cryptocurrency trading, indices and CFDs.

    No
    Yes
    0.01 Lots
    ASIC, CIMA, FCA
    -
  • OANDA
    OANDA
    3.4/5

    With a diverse range of offerings, xDirect provides services on financial markets for individual and institutional clients worldwide. Through its reliable trading platforms, the broker provides access to trade instruments such as forex, commodities, indices, and cryptocurrencies (xStation and MetaTrader).

    Yes
    Yes
    $0
    ASIC, BVI, CIRO, FCA, FFAJ, MAS, MFSA
    -
  • Intrade.Bar
    Intrade.Bar
    3.4/5
    No
    No
    -
    -
    -
    -
  • Dukascopy
    Dukascopy
    3.3/5
    Yes
    Yes
    0.01 Lots
    FINMA, FCMC, JFSA
    $100
  • Hirose
    Hirose
    3.3/5

    Hirose, a globally acclaimed online trading platform, boasts a staggering monthly revenue exceeding 90 billion US dollars.
    Its superior services have rightfully earned it a reputation as one of the world's top financial brokers.

    No
    Yes
    0.01 Lots
    FCA, SC
    $20
  • Xm.com
    Xm.com
    3.2/5
    No
    Yes
    0.01 Lots
    IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI
    $5
  • EOption
    EOption
    3.2/5
    No
    Yes
    -
    -
    -
    -
  • GKFX
    GKFX
    3.2/5
    Yes
    Yes
    0.01 Lots
    MFSA
    €100
  • STForex
    STForex
    3.2/5
    No
    No
    -
    -
    -
    -
  • Raceoption
    Raceoption
    3.1/5
    Yes
    Yes
    $0.01
    -
    $250
    20% – 200% Deposit Bonus
  • SuperForex
    SuperForex
    3.1/5

    First of all, the number of potential traders is limited, that is, everyone who planned to work in this field of activity already has trading accounts, and it becomes much more difficult to attract new participants.

    Yes
    Yes
    0.01 Lots
    IFSC
    $1
    50% Welcome Deposit Bonus
  • Trade.com
    Trade.com
    3/5
    Yes
    Yes
    0.01 Lots
    FCA, CySEC, FSC, FSCA, FINRA
    $100
  • Nadex
    Nadex
    2.9/5

    I highly recommend Nadex to anyone seeking high-quality trading services. However, it's critical to conduct your own research to determine if Nadex aligns with your trading needs.

    To aid in your assessment, consider starting with this insightful article documenting real experiences with its reliable online trading services.

    Yes
    Yes
    $1
    CFTC
    $250
  • AAATrade
    AAATrade
    2.9/5

    AAATrade is a Cyprus-based broker that provides access to shares, as well as CFDs in stocks, forex, crypto, indices, and commodities.

    The broker is regulated and there is no minimum deposit amount, which means you can start trading with any amount you wish.

    Yes
    Yes
    $0
    CySEC
    $0
  • FINRALLY
    FINRALLY
    2.8/5
    No
    No
    -
    -
    -
    -
  • Binarycent
    Binarycent
    2.8/5
    Yes
    Yes
    $0.01
    VFSC
    $250
    20% to 200% deposit bonus
  • Tradeo
    Tradeo
    2.7/5

    Tradeo provides a simple and revised way to trade and invest in the financial market, suitable for both beginners and experienced traders. This is possible through Its edge-cutting trading technology and inclusive trading environment.

    No
    Yes
    -
    -
    -
    -
  • EmpireOption
    EmpireOption
    2.6/5

    At the moment the broker is not working! The company closed due to violations of regulatory requirements and a large number of complaints.

    No
    Yes
    -
    -
    -
    -
  • BinBotPro
    BinBotPro
    2.6/5
    No
    Yes
    -
    -
    -
    -
  • Binarycent - Centobot
    Binarycent - Centobot
    2.6/5
    Yes
    Yes
    $0.01
    VFSC
    $250
    20% to 200% deposit bonus
  • Binarium
    Binarium
    2.6/5

    Many analysts, economists, and other specialists who study the global financial market say that today, on the internet or in print media, it is almost impossible to find a broker with an impeccable business reputation.
    For example, let’s consider the trading platform Binarium, which has a considerable amount of negative and positive feedback on the internet.

    Yes
    Yes
    $1
    -
    $5
  • SimpleFX
    SimpleFX
    2.6/5

    SimpleFX, a rapidly expanding CFD broker, has impressively diversified its offerings over the past nine years.

    Serving a vast clientele of over 200,000 traders from 190 countries, SimpleFX notably offers high leverage up to 1:500 on a range of CFD assets, which include Forex, cryptocurrencies, and beyond.

    Yes
    Yes
    0.01 Lots
    -
    $0
  • NPBFX
    NPBFX
    2.6/5
    Yes
    Yes
    0.01 Lots
    Financial Commission
    $10
  • OptionRobot
    OptionRobot
    2.5/5
    No
    No
    -
    -
    -
    -
  • Insta Forex
    Insta Forex
    2.5/5
    No
    Yes
    0.01 Lots
    BVI FSC
    $1
    100% deposit bonus up to $2000
  • EXANTE
    EXANTE
    2.5/5

    I hadn’t heard of Exante until just a few months ago, so I decided to check them out and compare them against other global brokers such as Interactive Brokers. I was surprised to find that they are comparable and available in most countries around the world.

    No
    Yes
    -
    -
    -
    -
  • BDSwiss
    BDSwiss
    2.4/5
    Yes
    Yes
    0.01 Lots
    FSC, FSA
    $100
  • London Capital Group
    London Capital Group
    2.3/5
    No
    Yes
    Lots vary by asset
    FCA
    $0
  • ForTrade
    ForTrade
    2.1/5
    No
    Yes
    0.01 Lots
    -
    -
  • Mercatox
    Mercatox
    1.9/5
    No
    Yes
    -
    -
    -
    -
  • MaxiMarkets
    MaxiMarkets
    1.9/5
    No
    No
    -
    -
    -
    -
  • 365 trading
    365 trading
    1.7/5
    Yes
    Yes
    0.01 Lots
    ASIC, SCB
    $0
  • Videforex
    Videforex
    1.6/5
    Yes
    Yes
    $0.01
    -
    $250
    20% to 200% Deposit Bonus
  • TradeStation
    TradeStation
    1.6/5

    TradeStation is a top-of-the-line trading platform for stocks, options, futures, and crypto.

    No
    Yes
    Min lot size will vary
    SEC
    $500
  • Charles Schwab
    Charles Schwab
    1.5/5

    Charles Schwab is a U.S. no-commission regulated broker that also offers trading services to international clients. Users can trade stocks, options, futures, ETFs, mutual funds, and bonds.

    It is a great broker for active traders and long-term investors. Learn all the pros and cons of using one of the most long-standing brokers in the US with our in-depth look at Charles Schwab.

    Yes
    Yes
    $1
    SEC, FINRA, FCA1
    $1
  • TD Ameritrade
    TD Ameritrade
    1.4/5
    Yes
    Yes
    $0
    SEC, FINRA, CFTC
    $0
  • Umarkets
    Umarkets
    1.4/5
    No
    No
    -
    -
    -
    -
  • UFX
    UFX
    1.3/5

    UFX is a Cyprus-based brokerage company. It is one of the well-known European brokers.
    So, the question is, why should you choose UFX? Let's find out everything about the broker.

    No
    Yes
    $1
    CySEC
    $100
  • Ally Invest
    Ally Invest
    1.2/5

    Ally Invest offers commission-free trading on stocks and ETFs, which is a great feature, but the platform may not suit sophisticated investors or active traders. Read all about this broker so you can see if it is a good fit for you.

    No
    No
    FINRA, SEC
    $0
  • E*Trade
    E*Trade
    1.2/5

    E*Trade is a comprehensive online brokerage and financial firm, catering to a broad range of users — from novice to experienced traders and investors.

    Its dedication to simplifying users’ connection to the financial world is evident through its diverse selection of financial assets and instruments.

    E*Trade offers an array of account types, each with a multitude of investment options, and all providing the benefit of commission-free trading.

    No
    Yes
    -
    -
    -
    -
  • E-Trade
    E-Trade
    1.2/5

    E*TRADE is an online broker that commenced operations in 1982 and was acquired by Morgan Stanley in 2020. It is a major broker in the US, providing all types of investors with access to stocks, futures, options, ETFs, mutual funds, and bonds. It does not offer forex trading and generally does not service clients outside the US.

    No
    Yes
    $10
    SEC
    $500
  • binary.com
    binary.com

    Deriv is a CFD and digital options broker regulated in several small countries, but not with any major countries/regulators.

    It offers spreads on some products that are competitive, but relatively high on other products, and has a wide range of deposit and withdrawal methods.

    Yes
    Yes
    $1
    MGA, SC
    $5
  • OLYMP TRADE
    OLYMP TRADE

    Olymp Trade is a reputable online trading platform headquartered in Saint Vincent and the Grenadines. It provides an array of trading instruments, features, and learning resources suitable for both beginners and seasoned traders.

    No
    Yes
    $1
    -
    $10
  • Alpari
    Alpari
    No
    Yes
    0.01 Lots
    -
    $5
  • Binarymate
    Binarymate

    BinaryMate entered the brokerage industry in 2016. Did you know the company has Scottish roots?
    In this review, I've outlined some of BinaryMate's essential features. So the article will help to determine whether BinaryMate is a good fit for you.

    No
    Yes
    -
    -
    -
    -
  • JustForex
    JustForex
    Yes
    Yes
    0.01 Lots
    CySEC, FSA, VFSC
    -
  • Freshforex
    Freshforex

    If you are looking for a reliable broker for online forex and CFD trading, you may be familiar with how frustrating it can be to find one that meets all your needs. Frustration was mounting within John (a close friend and an avid trader) as he searched through yet another online forex trading site.

    Yes
    Yes
    0.01 Lots
    FSA
    $10
  • ETX Capital
    ETX Capital

    OvalX is a highly regulated and secure broker for forex and CFDs. They have been in operation since 1965, making them one of the most established brokers in the forex and CFD industry. OvalX was formerly ETX Capital.

    Yes
    Yes
    £1
    FCA
    £250
  • FXCM
    FXCM

    Today, we’re going to delve into the award-winning forex broker FXCM (short for Forex Capital Markets), which is one of the few original retail forex brokers that has stood the test of time.

    No
    Yes
    Variable
    ASIC, CySEC, FCA
    £300
  • xDirect
    xDirect

    Established in 2005, xDirect is a reputable brokerage firm based in Kyiv, Ukraine. Since its launch, the broker has become renowned for its outstanding financial services and global presence (well-represented in the CIS countries, Asia and Latin America).

    Its popularity is no surprise, as the trading platform happens to be a subsidiary of one of the largest European brokerage groups, HTV.

    No
    Yes
    -
    -
    -
    -
  • OptionClub
    OptionClub
    No
    No
    -
    -
    -
    -
  • Weltrade
    Weltrade
    Yes
    Yes
    0.01 Lots
    -
    $25
  • EasyOption
    EasyOption
    No
    No
    -
    -
    -
    -
  • Blockoptions.io
    Blockoptions.io
    No
    No
    -
    -
    -
    -
  • ROBINHOOD
    ROBINHOOD

    Have you heard about Robinhood? I'm not talking about the mythical character; I'm talking about the investing app. Did you know in 2021, Robinhood's total users reached 22.7 million? This guide will talk about the Robinhood app and whether it is worth trying in 2022.

    Yes
    No
    $10
    SEC
    $0
  • IQ Cent
    IQ Cent

    IQ Cent offers appealing features such as high payouts on options trades and low forex spreads. Its drawbacks include no regulation and some hidden fees. Learn all about the pros and cons of this broker.

    Yes
    Yes
    $0.01
    IFMRRC
    $50
    20% to 200% Deposit Bonus
  • Zerodha
    Zerodha

    Are you looking for a reliable, easy-to-use, trading platform in India? If yes, Zerodha, a firm dealing in financial services, might be the right pick.

    Having made a mark in equity and derivatives trading and steadily foraying into the forex space, Zerodha is certainly the right choice for anyone looking to start their trading journey in 2023.

    No
    Yes
    -
    -
    -
    -
  • FISHER INVESTMENTS
    FISHER INVESTMENTS

    I have been a part of Fisher Investments for some time now. I am going to share my in-depth research and experience about the firm. 

    No
    No
    -
    FCA, SEC
    500
    -
  • WEBULL
    WEBULL

    In this article, I will give you first-hand experience with Webull, an online brokerage firm I use.

    No
    Yes
    -
    FINRA, SEC
    1
    -
  • WEALTHFRONT
    WEALTHFRONT

    In this article, I will review Wealthfront based on my experience with the brokerage company.

    No
    Yes
    -
    -
    500
    -
  • WazirX
    WazirX

    The Indian crypto race is heating up. Crypto brokers and exchanges are loading their interfaces with features or trying to bring other financial products into the mix just to live out the bear market.

    Among these players is WazirX, one of India’s most reputable exchanges that offer international trading flavors to the people.

    No
    Yes
    -
    -
    1
    -
  • Bitbns
    Bitbns

    Reliable Indian crypto brokers are hard to come by. While some are way too simplistic regarding their offerings, some have underwhelming user interfaces — driving customers away in droves.

    Yet, if, as a crypto trader and investor, you seek the right balance between features, ease-of-usage, and affordability, courtesy of low trading fees, Bitbns is a name to consider.

    No
    Yes
    -
    -
    -
    -
  • Angel Broking
    Angel Broking

    Angel Broking was rebranded as Angel One in 2021, driving a paradigm shift from traditional stock broking to an all-inclusive fintech exposure.

    No
    Yes
    -
    -
    -
    -
  • CoinSwitch Kuber
    CoinSwitch Kuber

    Cryptocurrency is a hot topic in 2023. And trading and investing in it is hotter, especially if you are in India. Almost 57 percent of the Indian population plans to enter this dynamic space, according to a global report from Consensys. While that looks like a heartening stat, people trying out cryptocurrency for the first time must rely on credible crypto brokers and exchanges. And CoinSwitch Kuber is one of them.

    No
    Yes
    -
    -
    20
    -
  • M1 FINANCE
    M1 FINANCE

    M1 Finance offers a captivating fusion of automated investment and extensive portfolio personalization, complemented by borrowing and spending functionalities. You can choose from over 80 pre-constructed portfolios called "pies," or you can create your investment strategy.

    No
    Yes
    -
    FINRA
    100$
    -
  • Digifinex
    Digifinex

    Digifinex, established in 2017 in Seychelles and now based in Singapore, is a cryptocurrency exchange where you can purchase, sell, trade, safeguard, and utilize various cryptocurrencies.

    No
    Yes
    -
    -
    10$
    -
  • VARO BANK
    VARO BANK

    In this article, I will review Varo Bank. We will look at the pros and cons of Varo Bank. Moreover, I will tell you about the services that this company offers. Finally, we will examine the information vital to you as a trader. This includes the commissions, fees, platforms, and user experience.

    No
    Yes
    -
    -
    -
    -
  • Freedom Finance
    Freedom Finance
    No
    Yes
    -
    -
    -
    -
  • HAMILTON
    HAMILTON

    To be successful in the forex trading system, you don’t need to be glued to your computer all day. With the system outlined in this article, you’ll be more likely to have consistent wins.

    No
    Yes
    -
    -
    -
    -
  • ROOFSTOCK
    ROOFSTOCK

    Investing in single-family rentals (SFRs) through Roofstock is a great option for diversifying your portfolio. Roofstock’s property managers take care of the daily operations of the rental properties, handling the legwork for you.

    No
    Yes
    -
    -
    -
    -
  •  Revolut
    Revolut

    Wouldn’t you love an all-inclusive broker or exchange that lets you work with everything – stocks, ETFs, forex, commodities, and cryptocurrencies? Seems too good to be true!
    Well, not anymore. Let’s dive deep into the world of Revolut, a one-stop platform that offers wealth creation opportunities, payment options, budgeting tools, and a lot more.

    No
    Yes
    -
    -
    -
    -
  • Pionex
    Pionex

    Ranked 24th as per CoinMarketCap’s Trust Score at the time of writing, Pionex is considered a reputable crypto broker.

    No
    Yes
    -
    -
    -
    -
  • Merrill Edge
    Merrill Edge

    When looking for a reliable stock and ETF broker, it’s possible you’ll stumble upon a Bank of America (BOA) subsidiary — Merrill Edge. Merrill Edge offers a great experience in terms of the sheer volume of trading instruments on offer. We’ll get into more details later.

    No
    Yes
    -
    -
    -
    -
  • Phemex
    Phemex

    Phemex, ranked 42nd according to Coinmarketcap’s Trust Score, is slowly gaining prominence as a crypto broker. With almost 190 tokens and 250+ trading pairs in sight, Phemex has all the necessary instruments the crypto traders crave. Yet, the question remains: Is it good enough to consider registering, or shall you be looking at some of the more established names in the space like OKX or Binance? Keep reading to see if this broker is right for your needs.

    No
    Yes
    -
    -
    -
    -
  • Vanguard
    Vanguard

    Not every individual wants to indulge in aggressive trading gigs involving cryptocurrencies and more. If you are one of those risk-averse folks primarily interested in low-cost mutual funds, ETFs, Index funds, and similar financial instruments, Vanguard seems like the right broker for you.

    No
    Yes
    -
    -
    -
    -
  • Uphold
    Uphold

    Uphold might just be the right crypto broker for you if asset diversification is one of your priorities. And yes, if you are a U.K.-based user, getting to use Uphold, along with the Uphold card with zero foreign transaction fees, might just be the right perk for you.

    No
    Yes
    -
    -
    -
    -
  • Changelly
    Changelly

    Tired of trading on complicated, laggy, and pricey cryptocurrency exchanges? Well, you can try out Changelly — a reputed crypto broker known for its breakneck transaction speeds, best possible market rates, and interactive mobile apps.

    No
    Yes
    -
    -
    -
    -
  • Fidelity
    Fidelity

    Not every online broker allows you to meet your end-to-end investment requirements! And if you have searched and haven’t identified one, it might be an option to consider Fidelity Investments.

    No
    Yes
    -
    -
    -
    -
  • BitMart
    BitMart

    Crypto is growing, and so is the number of trading platforms. And while there are the more established names like Binance and Kraken, the lesser known crypto brokers like BitMart are steadily climbing up the popularity charts, courtesy of an extensive palette of crypto-specific tools and products.

    No
    Yes
    -
    -
    -
    -
  • CXMARKETS
    CXMARKETS
    0/5
    No
    No
    -
    -
    -
    -
  • RingoTrade
    RingoTrade
    0/5

    RingoTrade is a binary options online broker that began its operations in 2021, despite having its domain registered since 2016. Notably, the company's primary focus lies in catering to the financial opportunities within the Kyrgyzstan market.

    No
    Yes
    -
    -
    -
    -

Binary Options Brokers Compared

BrokerMinimum depositMin OrderLeverageMargin TradingGuaranteed Stop Loss
1.
Pocket Option
$50$1YesNo
2.
IQ Option
$200.001 Lots1:500YesNo
3.
Alpari
$50.01 Lots1:400NoNo
4.
10 TradeFX
$2000.01 Lots1:600YesNo
5.
10 TradeFX
$2000.01 Lots1:600YesNo
6.
Quotex
$10$1NoNo
7.
Raceoption
$250$0.011:500YesNo
8.
City Index
$1000.01 Lots1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction.NoYes
9.
Binarium
$5$1NoNo
10.
binary.com
$5$11:1000NoNo
11.
Expert Option
$10$1YesNo
12.
Binomo
$10$1NoNo
13.
OLYMP TRADE
$10$1NoNo
14.
OptionRobot
---NoNo
15.
365 trading
$00.01 Lots1:200YesYes
16.
FINRALLY
---NoNo
17.
Binarymate
---YesYes
18.
JustForex
-0.01 Lots1:3000YesNo
19.
AvaTrade
$100$0.011:30YesNo
20.
Binarycent
$250$0.011:500YesYes
21.
Orbex
$2000.01 Lots1:500NoNo
22.
Dukascopy
$1000.01 Lots1:200YesNo
23.
BDSwiss
$1000.01 Lots1:30NoNo
24.
Plus500
$100Variable1:30YesYes
25.
EmpireOption
---YesYes
26.
Forex Club
---YesYes
27.
Insta Forex
$10.01 Lots1:30 for retail clients, 1:500 for professionalYesNo
28.
Xm.com
$50.01 Lots1:30YesNo
29.
Freshforex
$100.01 Lots1:2000NoNo
30.
Libertex
€100$101:30 (Retail), 1:600 (Pro)YesNo
31.
Teletrade
$1000.01 Lots1:30 (Retail), 1:500 (Pro)NoNo
32.
BinBotPro
---YesYes
33.
Videforex
$250$0.011:500YesYes
34.
Nadex
$250$1NoNo
35.
Binarycent - Centobot
$250$0.011:500YesYes
36.
Forex4You
$00.01 Lots1:1000NoNo
37.
SPECTRE.AI
$0$11:40YesNo
38.
IQmining
---NoNo
39.
Hirose
$200.01 LotsNoNo
40.
ETX Capital
£250£11:30NoNo
41.
IG.com
£2500.01 Lots1:30YesYes
42.
Grand Capital
$100.01 Lots1:500YesNo
43.
FxPro
$1000.01 Lots1:30YesNo
44.
Markets.com
$1000.01 Lots1:30NoYes
45.
FXTM
$500.01 Lots1:30 (EU), 1:2000 (Global)YesNo
46.
FXCM
£300Variable1:30YesNo
47.
Trade.com
$1000.01 Lots1:30 (EU), 1:300 (Global)YesNo
48.
Tickmill
$1000.01 Lots1:500NoNo
49.
XTB
$00.01 Lots1:30YesYes
50.
ForTrade
-0.01 Lots1:30 (varies by entity)YesNo
51.
RoboForex
$100.01 Lots1:2000NoNo
52.
World Forex
$10.01 Lots1:1000YesNo
53.
HYCM
$1000.01 Lots1:30 (EU), 1:500 (Global)YesNo
54.
Forex.com
$100$11:30 (Retail), 1:500 (Pro)YesNo
55.
OANDA
-$01:30YesYes
56.
Spread EX
£0£0.011:30YesNo
57.
Ayondo
$1001:30YesNo
58.
UFX
$100$11:30YesNo
59.
ZuluTrade
-$1Broker DependentYesNo
60.
EOption
---YesYes
61.
CMC Markets
$00.01 Lots1:30 (Retail), 1:500 (Pro)YesYes
62.
TradeStation
$500Min lot size will vary1:20NoNo
63.
IC Markets
$2000.01 Lots1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)YesNo
64.
GKFX
€1000.01 Lots1:5NoNo
65.
Admiral Markets
$1000.01 Lots1:30 (EU), 1:500 (Global)YesNo
66.
Easy Markets
€100Variable1:30NoYes
67.
ThinkMarkets
$00.01 Lots1:500YesNo
68.
London Capital Group
$0Lots vary by asset1:30NoNo
69.
Ally Invest
$0YesNo
70.
TD Ameritrade
$0$0YesNo
71.
Interactive brokers
$0$1001:50YesNo
72.
OCTAFX
$1000.01 Lots1:30 (EU), 1:500 (Global)NoNo
73.
AAATrade
$0$01:200YesNo
74.
IronFx
$1000.01 Lots1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM)YesNo
75.
Umarkets
---NoNo
76.
NordFX
$10$11:1000YesNo
77.
E*Trade
---YesYes
78.
E-Trade
$500$10NoNo
79.
SimpleFX
$00.01 Lots1:500YesNo
80.
NPBFX
$100.01 Lots1:1000NoNo
81.
Exness
$10Variable1:2000YesNo
82.
AlfaForex
---YesYes
83.
Intrade.Bar
---NoNo
84.
xDirect
---YesYes
85.
Mercatox
---YesYes
86.
Charles Schwab
$1$1NoNo
87.
Saxo bank
£500Variable1:30 (Retail), 1:66 (Pro)YesNo
88.
Darwinex
$5000.01 Lots1:30NoNo
89.
OptionClub
---NoNo
90.
Fibo Group
$500.01 Lots1:1000NoNo
91.
Swissquote
$10000.01 Lots1:30YesNo
92.
CXMARKETS
---NoNo
93.
CLM Forex
$1000.01 Lots1:500YesNo
94.
Vantage FX
-0.01 Lots1:500YesNo
95.
Weltrade
$250.01 Lots1:1000NoNo
96.
Close Option
$5$1NoNo
97.
EasyOption
---NoNo
98.
SuperForex
$10.01 Lots1:2000YesNo
99.
RingoTrade
---YesYes
100.
LiteForex
$500.01 Lots1:30NoNo
101.
EXANTE
---YesYes
102.
Gerchik & Co
---YesYes
103.
STForex
---NoNo
104.
MaxiMarkets
---NoNo
105.
Blockoptions.io
---NoNo
106.
Tradeo
---YesYes
107.
ROBINHOOD
$0$101:2NoNo
108.
IQ Cent
$50$0.011:500YesYes
109.
Zerodha
---YesYes
110.
FISHER INVESTMENTS
500--YesYes
111.
WEBULL
1-1:2 for overnight trades, 1:4 for intraday tradesYesYes
112.
WEALTHFRONT
500-1:1YesYes
113.
WazirX
10-YesYes
114.
Bitbns
---YesYes
115.
Angel Broking
---YesYes
116.
CoinSwitch Kuber
20--YesYes
117.
M1 FINANCE
100$--YesYes
118.
Digifinex
10$--YesYes
119.
VARO BANK
---YesYes
120.
Freedom Finance
---YesYes
121.
HAMILTON
---YesYes
122.
ROOFSTOCK
---YesYes
123.
 Revolut
---YesYes
124.
Pionex
---YesYes
125.
Merrill Edge
---YesYes
126.
Phemex
---YesYes
127.
Vanguard
---YesYes
128.
Uphold
---YesYes
129.
Changelly
---YesYes
130.
Fidelity
---YesYes
131.
BitMart
---YesYes
132.
ETORO
$50$101:30YesNo
133.
EXMO
---NoNo

Now that you know what makes a good broker, we will compare the top ones for you. You will see the details and features of each broker in this list.

Binary Options Brokers

Trading binary options has been popular in the US ever since 2008 when the SEC approved the trading of such options in the United States. Since then, many brokers have claimed to be the best. Before you hire just any broker, I will teach you what to look for before you do so. There are so many elements to being a good broker, so study carefully what I have to say.

Contents

Broker Comparison Criteria

A broker lets you use a trading platform that belongs to him. This platform is “the middleman” between you and the exchange. Knowing this, you should always compare brokers based only on the services they offer you; nothing more, nothing less. Along with that, there are other criteria you must check to make an informed decision:

  • Trade everything

    Some brokers allow you to trade everything, while others limit your trading options. So, your options will be limited if you choose the wrong broker. Brokers offer many types of trading; boundary, ladder, touch, pairs, and more.

  • Compare the other factors

    Different brokers have different trading costs, bonuses, environments, and payouts. Compare all these before you choose your broker.

  • Not provide flexible expirations

    Some shady traders do NOT provide flexible expirations. Instead, they will get you stuck in deals with long expiration dates. Beware!

  • Minimum deposit

    Look at the minimum deposit brokers allow. It can range from five dollars to two hundred and fifty dollars.

  • Demo account

    Check if the broker offers a demo account facility for testing.

  • Customer support

    Make sure your broker has customer support. Some don’t have any while others have 24-hour instant support.

  • Brokers regulation

    Check if the brokers are regulated. If they are, research the regulatory authority.

The best scenario is this – you get a secure trading platform, numerous bonuses, and a 90% payout rate. You also want to be sure your broker is flexible on trade expirations.

How Do Brokers Make Money?

How Do Brokers Make Money?

As I said, the broker and his trading platform represent the middleman. So, how do brokers make money? Firstly, they get a margin of an OTC (over-the-counter) trade by simply being a counterparty. That margin is significant mainly because both sides are hedged. The broker does have protection in case he doesn’t get enough margin. Secondly, they make money from being the middleman. They charge a commission for matching buyers and sellers. The commission is an amount inside the transaction. The tighter spread in buy and sell prices makes your trading cheaper.

Should You Use Multiple Brokers?

There are so many brokers in the market, and they all have different features.

  • Some brokers are only good at short-term trades

    Some brokers are only good at short-term trades, while others excel at boundary trades. In this case, you would want two accounts to benefit from both types of trade.

  • Open lots of demo accounts

    You might open lots of demo accounts with different brokers to get experience. People do this to train before they get into real trading.

  • Help you protect yourself

    Having accounts with multiple brokers is the same as having your eggs in different baskets. If you lose money with one, any profits earned with others go some way to reducing that loss.

  • Opening accounts with multiple traders

    You would get various sign-up bonuses from opening accounts with multiple brokers. In other words, large deposits earn you rewards. So, if you are depositing large amounts to get a bonus, having multiple accounts may not be for you.

Exchange VS Over-The-Counter Brokers

Exchange Brokers
OTC Brokers
They are middlemen
They are counterparty, not brokers.
They connect buyers and sellers.
They are counterparty to open trade positions.
They get paid if you win or lose.
The brokers don’t win until a trade wins.
Reduced risks make trader returns higher
Higher risks lead to lower payouts

How To Choose The Correct Trading Platform

You need to assess a lot of factors before choosing a broker. Some of them are listed below.

  • Financial assets

    Choose based on the financial instruments you want to trade. Some brokers may not offer the one you are interested in trading.

  • Fee from the payouts

    Brokers will take a commission from your payout. Usually, this is around 10-15 percent. So, make sure you choose a favorable commission rate to maximize your profits.

  • Minimum deposits criteria

    Brokers sometimes ask for excessive minimum deposits. Look for one that requires a reasonable minimum.

  • Demo accounts facility

    Ensure that the broker’s trading platform offers demo accounts. Such an account is a testing facility for you to practice trading.

  • Respective laws

    Lots of countries regulate their brokers, so make sure the broker you choose is up to standard. The last thing you want is legal complications.

  • Various payment options

    Brokers offer many different payout options. Be sure those options are secure and you are comfortable with them.

  • Instant withdrawals of payouts

    We live in an ‘instant’ world, so make sure the broker you choose offers instant payouts. It will be so much better for you in the long run.

  • Trading apps

    We are all busy and can’t always use our laptops for trading. Make sure the platform you choose has an iOS and Android app.

The Financial Market Regulatory Bodies

There are a lot of restrictions on financial markets. The regulatory bodies from other countries make these rules. They regulate the brokers and help protect us as traders. They can legally provide help if you have a dispute with a trader. Some of the regulatory bodies are:

  • ASIC

    Australian Securities & Investments Commission (ASIC) in Australia

  • CFTC

    Commodity Futures Trading Commission (CFTC) in the United States

  • FCA

    Financial Conduct Authority (FCA) in the UK

  • CySec

    Cyprus Securities and Exchange Commission (CySEC) in the EU

  • FSB

    Financial Services Board (FSB) in South Africa

I would recommend getting a regulated broker. They are more reliable and they can ensure your protection.

How to Identify the Most Reliable Broker

You should ensure the broker does what it says it will and has good reviews. A lot of brokers are scammers and take your money. When you find a reliable one, use them. These factors can help you identify a reliable broker:

  • A Regulatory Authority

    A Regulatory Authority

  • Free Demo Account

    Free Demo Account

  • Funds Security

    Funds Security

  • Reasonable Minimum Deposit

    Reasonable Minimum Deposit

  • No Hidden Fees

    No Hidden Fees

  • 24/7 Support

    24/7 Support

  • Fair Payouts

    Fair Payouts

  • Faster withdrawals

    Faster Withdrawals

128 Top Binary Options Brokers Reviewed in 2023

  • 1
    Pocket Option

    Gembell Limited manages the Pocket Option broker. It started its operations in 2017 and has its registration in the Marshall Islands.

    • Tradable assets – Pocket provides more than 100 tradable assets. These include currency pairs, cryptocurrency, raw materials, and binary options.
    • Max Payouts – This broker offers a 95% payout.
    • Demo Accounts – Pocket offers demo accounts for new traders. These accounts have $10,000 in virtual funds with which learn to trade.
    • Country Restrictions – Pocket does not accept users from Israel, EEA countries, the USA, and Japan. Don’t ask me why.
    • Deposits – You can start with as little as $50. Start small and work your way up.
    • Withdrawals – Pocket offers super-easy withdrawals. You can take out your money through bank transfer, crypto, plastic cards, and e-wallets. You can withdraw funds as low as $10.
    • Leverage – It gives you reasonable trading leverage. This variable leverage ranges from 1:1 to 1:1,000.
    • Trading Apps – Pocket has mobile apps for both iOS and Android. You can easily trade from your phone.
    • Broker Regulation – Gembell Limited manages Pocket’s regulations. Pocket has registered with the International Financial Market Relations Regulation Center (IFMRRC).
    • Trading Platform – You can trade through multiple endpoints in Pocket. The most used include the website, the Telegram Bot, the Mobile Apps, and Meta Trader 5. Meta Trader 5 can perform many advanced functions related to trading. Plus, the platform offers two-factor authentication and an SSL certificate. These ensure security and safety.
    • Bonuses – Pocket offers a significant 100% deposit bonus with a caveat. Your trading has to profit 50x to withdraw the bonus.
    • Advantages – These are the main advantages:
      • Its trading platform is safe and secure and provides versatile facilities for traders

        The platform is safe and secure

      • It offers trading in 100+ financial assets

        Many assets to trade (100+)

      • It provides a demo account facility

        Demo account allowed

      • It offers deposit bonuses to encourage new traders

        Deposit bonuses for new traders

      • It ensures a 24/7 professional support system

        24/7 support year-round

      • It does not charge any fees for deposits and withdrawals

        Zero deposit and withdrawal fees

    Start trading Read review
  • 2
    IQ Option

    IQ is an older and more experienced broker. This company started in 2012.

    • Tradable Assets – This is a multi-asset trading firm. You can trade digital options, binary options, CFDs, ETFs, forex, and stocks. In total, IQ Option has more than 500 tradable assets.
    • Max. Payouts – IQ also has an excellent maximum payout of 95%.
    • Demo Accounts – You get a free demo account with $10,000 in virtual funds. If you run out of this, you can easily refill it. The goal is to learn how to trade.
    • Country Restrictions – The following countries are restricted: Australia, the USA, Canada, Belgium, Turkey, Japan, Israel, Iran, Syria, Russia, and Sudan. Sorry!
    • Deposits – You get a $10 minimum deposit with a regular trading account. If you have a VIP account, your minimum would be $3,000. I would recommend the lower option for beginners.
    • Withdrawals – You can withdraw as little as $2 anytime. Keep in mind that the upper daily withdrawal limit is $1M. You can withdraw money by almost any means, including QiWi, Visa, Mastercard, Maestro, Neteller, Skrill, WebMoney, bank transfer, Western Union, and MoneyGram. The withdrawal will only take up to a day.
    • Leverage – The leverage maximum for European traders is 1:30. Contrast this to the forex maximum trading leverage of 1:1,000.
    • Trading Apps – IQ has an app for both iOS and Android to enable trading. You even get the entire set of trading tools from this free app.
    • Broker Regulation – IQ has been solely regulated by Europe’s CySEC.
    • Trading Platform – IQ, like most software, gets updated quite often. So not only does this provide a better trading experience, but also it suits all the trader’s growing needs.
    • Bonuses – Unlike other brokers, IQ does not give extras. Their regulators have passed a new law against it.
    • Advantages – Top advantages include:
      • Regulated under FINACOM

        CySEC regulated

      • Demo account facility

        Free demo account

      • Lots of technical indicators. Advanced universal platform

        500+ trading instruments

      • 24/7 support in multiple languages

        24/7 fast support

      • It offers minimum deposits and insurance for transactions.

        $10 minimum deposit; $1 minimum trade

      • Different option types

        A trustworthy and reliable option

    Start trading Read review
  • 3
    Quotex

    Cypriot Financial Holding owns and manages Quotex. Cypriot holds a certificate authorized by the Center for Regulation of Relations in Financial Markets (CRRF). The company itself resides in Seychelles. Quotex offers advanced trading indicators and plenty of trading assets.

    • Tradable Assets – Right now, Quotex Offers 25+ currency pairs, plus cryptos including Bitcoin and Ripple. You could also trade commodities like gold, silver, and oil.
    • Max. Payouts – Quotex offers a generous 97% payout rate. This is one of the best rates you can get.
    • Demo Accounts – You get a free demo trade account with 10,000 units to test trade. You could also trade currency pairs.
    • Deposits – You can start as low as $10 with your trading. You could deposit through Bitcoin or use e-payments like Perfect Money, Yandex Money, and many more.
    • Withdrawals – You can withdraw by the same method you used to deposit the money, or you could transfer it to your e-wallet or bank account. The beauty of withdrawing is that it only takes up to an hour.
    • Advantages – Some of the top features are:
    • Secure and safe. No data leaks

      Secure and safe. No data leaks

    • Lots of technical indicators. Advanced universal platform

      Lots of technical indicators. Advanced universal platform

    • Easy to use. Quick and fast

      Easy to use. Quick and fast

    • 24/7 support in multiple languages

      24/7 support with multiple languages

    Start trading Read review
  • 4
    Raceoption

    Race Projects Ltd. owns the Raceoption platform.

    • Tradable Assets – Raceoption has many instruments, like currency pairs, crypto, shares, and stock indices.
    • Max. Payouts – 80% is the average payout.
    • Demo Accounts – All new traders get a free demo account.
    • Deposits – The minimum deposit depends on the trading account – Bronze ($250), Silver ($1,000-$2,000) or Gold ($3,000).
    • Withdrawals – One-hour fast withdrawal to any top payment provider.
    • Trading Apps – Raceoption has iOS and Android apps.
    • Broker Regulation – Raceoption apparently has no regulators.
    • Trading Platform – An easy-access trading platform, complete with technical and economic analysis.
    • Bonuses – You will get a 20-100% bonus on your trading account.
    • Advantages – Raceoption’s benefits:
    • High-speed withdrawal request processing.

      High-speed withdrawals

    • Different payment methods for replenishment

      Many withdrawal methods

    • 24/7 customer support service

      24/7 customer support

    Start trading Read review
  • 5
    Binarium

    Binarium was founded in 2012 as the best platform for multilingual traders.

    • Tradable assets – Binarium has many asset types like indexes, shares, binary options, and currency pairs.
    • Max Payouts – You get a payout of up to 93%.
    • Demo Accounts – New traders get a free demo account.
    • Deposits/Withdrawals – The minimum deposit is $5, but the withdrawal depends on the deposit amount.
      Account Type Deposit Amount Withdrawal
      Start $5-99 One $200 request a day or $1000 per month
      Standard $100-499.99 Two $500 requests a day or $2500 per month
      Business $500-1,999.99 Five $1,000 requests per day or $20,000 per month
      Premium $2,000-4,999.99 Five $5.000 requests per day or $50,000 per month
      VIP $ 5,000+ Unlimited $15,000 requests per day or $100,000 a month
    • Broker Regulation – Binarium is regulated by CySEC and CRRF.
    • Trading Platform – This trading platform brings you enhanced niche features for the best trading.
    • Bonuses – You will get a trade back as a trading bonus. The amount is 5% and 10% in Standard and Business accounts.
    • Advantages – The best advantages are:
      • A unique trading platform

        Enhanced trading platform

      • Available training materials

        Learning and training material

      • Several financial assets for trading

        Great trading assets

      • It offers minimum deposits and insurance for transactions.

        Minimum deposit and transaction insurance

    Start trading Read review
  • 6
    Expert Option

    Expert has been registered in the United Kingdom since 2015.

    • Tradable Assets – Expert Gives you 100+ assets to trade.
    • Max. Payouts – You will get a 90% payout in your trading.
    • Demo Accounts – New traders get a free test trading account.
    • Country Restrictions – Expert is not allowed in these countries: Switzerland, Israel, Australia, New Zealand, European Economic Zone, Japan, Puerto Rico, Sudan, North Korea, Canada, and the USA.
    • Deposits – You can start with a deposit of $10. You can then add $50 to replenish the account. Expert allows you to deposit with 20+ payment methods including Neteller, Perfect Money, and FastPay.
    • Withdrawals – Expert offers a minimum withdrawal of $50. Withdrawals take two days and require documentary identification.
    • Trading Apps – Expert has apps for literally all devices. These include Windows, Mac, iOS, and Android.
    • Broker Regulation – Vanuatu Financial Services Commission (VFSC) regulates this company.
    • Trading Platform – The platform’s name is ExpertOption. This platform is similar to those of IQ Option and Olymp Trade.
    • Bonuses – Deposit bonuses can reach 50%, but that depends a lot on the type of user account.
    • Advantages – The main benefits are:
    • Demo account facility

      Free demo account

    • Technical tools for extensive analysis

      Analysis tools

    • Russian Federation certified broker

      Russian Federation certified

    • Minimum deposit

      Minimum deposit: $10

    The downside to Expert is the limited trading options.

    Start trading Read review
  • 7
    Binomo

    Binomo, being very client-focused, is a popular choice. Binomo was founded in 2014 and has numerous trading tools. These tools make for winning trades and quality investments.

    • Tradable Assets – Binomo will give you more than 70 trading assets. These include currencies, asset pairs, stock indices, and commodities.
    • Max. Payouts – Binomo offers a mediocre payout max. at 87%.
    • Demo Accounts – This broker provides a test trading facility for those learning to trade. This facility has $1,000 of virtual money that you can refill at any time.
    • Deposits – There are three different account types with minimum deposits. The standard account has a minimum deposit of only $10. If you want to go higher, you could choose the Gold or VIP type. The Gold has a minimum of $500, and the VIP has a minimum of $1,000.
    • Withdrawals – The withdrawal time is dependent upon the account type you choose: Standard (3 days), Gold (24 hours), and VIP (4 hours). You can withdraw to many companies, including Alpha Click, WebMoney, Neteller, QiWi, Yandex Money, ePayments, and Promsvyazbank.
    • Trading Apps – Binomo gives you options to trade on your phone and tablet. Apps include support for iOS and Android.
    • Broker Regulation – Binomo is regulated by the Center for Regulation of Relations in Financial Markets (CRRF).
    • Trading Platform – Binomo has a trading platform named SpotOption. This platform works great for trading and investing by beginners or experienced traders.
    • Bonuses – Binomo can give you up to 110% in bonuses but this depends on your account type. A Standard account gives a bonus for each separate deposit. If you have a Gold or VIP account, you get up to a 100% bonus.
    • Advantages – Below are the primary advantages:
    • Trading instruments

      More than 70 assets to trade

    • Different option types

      Different trade options: Binary, Pair, Long Term, Touch, and 60 Seconds

    • Deposit bonuses

      Up to 110% deposit bonus

    • It provides a demo account facility

      Free demo trading account

    • Trading platform

      SpotOption platform: Easy to use, client-friendly

    Start trading Read review
  • 8
    OLYMP TRADE

    Smartex International owns Olymp Trade. It is based in Russia and started the platform in 2014.

    • Tradable Assets – Olymp offers many assets like stocks, indices, currencies, commodities, and currency pairs.
    • Max. Payouts – Olymp offers a decent payout rate of 90%.
    • Demo Accounts – Olymp gives you a free test account to learn to trade. This account has $10,000 in virtual funds.
    • Deposits – You can make a deposit as low as $10. Also, Olymp only carries one type of trading account.
    • Withdrawals – You can withdraw as little as $10. It takes up to 5 days to complete a withdrawal.
    • Trading Apps – Olymp offers apps for Android and iOS.
    • Broker Regulation – CRRF and Finacom (The Financial Commission) regulate Olymp.
    • Trading Platform – Olymp Trade. This platform is conveniently adaptable to all screen resolutions.
    • Bonuses – New traders with Olymp receive a 100% trading bonus.
    • Advantages – The main ones are:
    • Adaptation to different screen resolutions

      Olymp Trade is a convenient trading platform

    • Its welcome bonuses are up to 100%.

      100% sign-up trade bonus

    • Regulated under FINACOM

      FINACOM-regulated

    • It provides a demo account facility

      Demo Accounts allowed

    • The broker keeps the deposits with the European bank

      Broker keeps funds in a European Bank

    Demerits – There are two disadvantages to Olymp:

      1. Only 13 trading assets. You can only trade a single asset at a time.
      2. You can only get a demo account after you register.
    Start trading Read review
  • 9
    FINRALLY

    Finrally focuses on data protection. It is international and use enhanced technology. Features:

    Bonus Up to 100%
    Trading Platform Spot 2.0
    Instruments 150+
    Demo Yes
    Min Deposit $250
    Min. Trade Price $10
    Payouts 90%
    Start trading Read review
  • 10
    Binarycent

    Cent Project Ltd. owns Binarycent. Features:

    Bonus 20-100%
    Regulation VFSC
    Instruments Binary options and crypto
    Demo Yes
    Min Deposit $250
    Min. Trade Price $0.01
    Payouts 95%
    Start trading Read review
  • 11
    BinBotPro

    Binbot features:

    Min. Trade Price $1
    Instruments Currency pairs, binary options,

    cryptocurrencies

    Demo Yes
    Min Deposit $250
    Payouts 90%
    Start trading Read review
  • 12
    Nadex

    Nadex belongs to the IG Group in London and has the following features:

    Regulation CFTC
    Trading Platform Nadex
    Instruments Stock Indices, currency pairs and Crypto
    Demo Yes
    Min Deposit $250
    Payouts 90%
    Start trading Read review
  • 13
    Binarycent - Centobot

    This broker has a robotic trading system. They launched in 2017. Features:

    Regulation Non-regulated
    Min. Trade Price $0.10
    Trading Platform Automatic robot trading Binarycent – Centobot
    Demo Yes
    Min Deposit $250
    Payouts 90%
    Start trading Read review
  • 14
    SPECTRE.AI

    Spectre allows traders to open purses on resources and contracts to regulate transactions. Features:

    Regulation Non-regulated
    Min. Trade Price $1
    Instruments Binary options, shares, commodities,

    currency pairs and crypto

    Demo Yes
    Min Deposit $1
    Payouts Yes (100%)
    Start trading Read review
  • 15
    EOption

    This broker is browser-based, which makes it very easy to use. Features:

    Regulation FINRA and SIPC
    Trading Platform ETNA white label program
    Instruments Cryptocurrencies,

    metals, raw materials,

    equities, and options

    Demo Yes
    Min Deposit $500
    Start trading Read review
  • 16
    London Capital Group

    LCG has its shares on the London Stock Exchange. It has 20 years of experience and is trusted. Features:

    Regulation CySEC and FCA
    Min. Trade Price $0.01
    Leverage 1:1-1:300
    Trading Platform MT4 and LCG Trader
    Instruments Currency pairs, indices,

    bonds, ETFs, CFD

    Demo Yes
    Min Deposit $100
    Payouts 87%
    Start trading Read review
  • 17
    Ally Invest

    Ally started in 2016. Features:

    Regulation FINRA and SIPC
    Min. Trade Price $0.01
    Trading Platform MT4 and Ally Invest Forex
    Instruments Futures, currency pairs,

    indices, stocks

    Demo Yes
    Min Deposit $1
    Payouts 85%
    Start trading Read review
  • 18
    TD Ameritrade

    This broker has 40 years of experience in this industry. Features:

    Regulation NFA*, FINRA, and SIPC
    Min. Trade Price $1
    Bonus 60 days free maintenance

    $ 600 for advertising

    Trading Platform Trade Architect, Web Platform and Thinkorswim
    Instruments Currency pairs, indices,

    bonds, ETFs

    Demo Yes
    Min Deposit $50
    Payouts 83%
    Start trading Read review
  • 19
    Interactive brokers

    This brokerage was started in the ‘70s. Features:

    Regulation US SEC, NYSE, FINRA, SIPC, CFTC.
    Min. Trade Price $1
    Trading Platform TWS, iBot, IBKR Mobile, IBKR API
    Instruments Currency pairs, indices,

    Bonds, CFDs,futures,stocks, etc.

    Demo Yes
    Min Deposit $2000
    Payouts 81%
    Start trading Read review
  • 20
    E-Trade

    Min. deposit $0
    Min. trade price $0
    Demo account Yes
    Currency USD
    Supported languages English, Chinese, French, Spanish, and 14 others
    Active Yes

    Summary Pros and Cons of E*TRADE

    Pros Cons
    No commissions on stocks and ETFs Low TrustPilot score
    Low fees on options and futures contracts, and bonds No forex trading
    Advanced trading platform which includes loads of research tools High interest on margin
    Access to banking services through Morgan Stanley.
    Client support is available during the week
    Start trading Read review
  • 21
    Intrade.Bar

    This broker originates in Russia but claims to be registered in the UK.

    • Max Payouts – Intrade.bar offers 84% payouts.
    • Demo Accounts – Free demo testing account.
    • Deposits – Minimum deposit of $10 through most top payment methods.
    • Withdrawals – Withdrawals have a significant 8% fee.
    • Broker Regulation – At the moment, there is no regulator.
    • Trading Platform – Intrade lacks the advanced tools of some brokers.
    • Advantages/Disadvantages – Main ones are listed below:
      Advantages Disadvantages
      Low deposits and small trades Light to no regulation
      Tons of payment methods Payouts are not high
      Free demo account Hight withdrawal fees
    Start trading Read review
  • 22
    Mercatox

    This broker started in 2016. Features:

    Min. Trade Price $1
    Bonus Yes
    Instruments Financial assets,

    exotic cryptocurrencies

    Demo Yes
    Replenishment/Withdrawal methods OKPay,

    Payeer, Yandex

    Min Deposit $1
    Payouts 97%
    Start trading Read review
  • 23
    Charles Schwab

    This broker started in 1971. Features:

    Regulation SIPC and FDIC*
    Min. Trade Price $50
    Trading Platform StreetSmart Edge
    Instruments Binary Options, CFDs,

    stocks, Recious metals

    Demo Yes
    Min Deposit $1000
    Payouts 87%

    * Federal Deposit Insurance Corporation

    Start trading Read review
  • 24
    Saxo bank

    Saxo is a well-known bank from Denmark. Features:

    Regulation Danish Financial Supervision Authority
    Min. Trade Price $0.01
    Trading Platform SaxoTraderGO and SaxoTraderPRO
    Instruments Currency pairs, indices,

    bonds, CFDs, etc.

    Demo Yes
    Min Deposit $10,000
    Payouts 87%
    Start trading Read review
  • 25
    OptionClub

    OptionClub started in 2013. Features:

    Regulation Netherlands Authority for the Financial Markets (AFM)
    Min. Trade Price $1
    Instruments Currency pairs, indices,

    stocks, raw materials,

    binary options, etc.

    Demo Yes
    Min Deposit $50
    Payouts 90%
    Start trading Read review
  • 26
    Close Option

    This broker is based in Georgia. Features:

    Regulation Not regulated
    Trading Platform CloseOption
    Instruments Forex, binary options,

    cryptocurrencies, etc.

    Demo Yes
    Min Deposit $5
    Payouts 81%
    Start trading Read review
  • 27
    EasyOption

    EasyOption will make you money from binary and crypto. Features:

    Regulation Non-regulated
    Wallet Replenishment Possible through an imToken multichain-wallet, MetaMask, and MyEtherWallet.
    Demo Yes
    Payouts 95%
    Start trading Read review
  • 28
    RingoTrade

    This broker was the first to give binary services in Kyrgyzstan. Features:

    Regulation Non-regulated
    Min. Trade Price $0.07
    Instruments Cryptocurrencies, stocks, indices.
    Demo Yes
    Min Deposit $0.07
    Payouts 92%
    Start trading Read review
  • 29
    Blockoptions.io

    Blockoptions uses the EtherZero blockchain for exchange and practical work. Features:

    Trading Platform Decentralized Platform
    Demo Yes
    Payouts 175%

    The financial guarantor is a cryptomonet EtherZero. The change in resource value within a specific time interval can give the trader a decent payoff.

    Start trading Read review
Warning

Important Risk Notice: Trading involves potential risks to your investment.

Conclusion

Choosing the right broker for your specific situation requires thorough research. Begin by understanding the unique requirements, limitations, and characteristics of each broker you’re considering. After careful evaluation of these aspects, select the broker that aligns best with your personal trading goals and preferences.