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10 Best Binary Trading Platforms

 

Best Binary Trading Platforms

 

In this article, we explore the 10 best binary trading platforms that grant traders access to this unique financial instrument, allowing you to diversify your portfolio and take your trading to the next level.

 

Binary options are financial options that come with one of two payoff options: a fixed amount or nothing at all. That’s why they are called binary options—because there is no other settlement possible.

 

 

10 Best Binary Trading Platforms Revealed (2022):

 

Let’s get started with the full breakdown of the Best Binary Trading Platforms.

 

IQ Option

 

Overall Rating

4.7/5

Rated #247 of
Recommended FX Brokers

💰Minimum Deposit

$10

🌐 Regulators

📱 Trading Desk

Own Platform

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

 

Overview

Regulated by major regulatory organizations including CySEC, IQ Option focuses on making CFD and Options trading accessible and exciting for traders.

An award-winning browser-based platform and connected apps; this accessible software changed the way options trading is done online.

With accessible accounts with 10 USD minimum deposits, video education material, and 24/7 customer service, any Forex trader who is also interested in binary options trading on the same account, should consider IQ Option as their brokerage.

 

Pros and Cons

✔️ Pros❌ Cons
Well regulatedCertain countries restricted
Excellent interface
Low minimum deposit requirement

 

Features

🔍 Featuresℹ️ Information
🏛️ RegulationCySEC
💰 Minimum deposit from$10
💰 Commissions fromNone
➕ Deposit/Withdrawal Fees$31
⭐ BonusesNone
☎️ Customer Support24/5

 

ExpertOption

 

Overall Rating

4.7/5

Rated #241 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

FSA

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

ExpertOption is an online trading platform that offers over 100 different financial assets to trade including currencies, stocks, commodities, and cryptocurrencies.

Located in Port Vila, Vanuatu, ExpertOption is regulated by the Vanuatu Financial Services Commission with license number 15014.

This broker has been around since 2014 and has over 13 million accounts opened since that time.  With over 100 account managers, ExpertOption is one of the most popular and well-known trading platforms available.

Unlike other brokers that use turnkey platforms such as TechFinancials or SpotOption, ExpertOption developed its own custom platform to cater to the needs of its clients.

Lightning-fast execution, accurate price feeds, and weekend trading are all advantages of the ExpertOption platform.

 

Pros and Cons

✔️ Pros❌ Cons
Advanced trading platformLacks regulation
Wide range of instrumentsShort-term options

 

Features

🔍 Featuresℹ️ Information
🏛️ RegulationSVGFSA
💰 Minimum deposit from$10
💰 Commissions from5%
➕ Deposit/Withdrawal Fees$31
⭐ Bonuses100% Deposit Match
☎️ Customer Support24/5

 

Olymp Trade

 

Overall Rating

4.7/5

Rated #– of 
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

FinaCom

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

28

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Olymp Trade is one of the most popular online brokers in the industry, with over 25,000 clients currently trading on its platform every day.

Olymp Trade has been operational since 2014, and the firm has a reputation for continuing to improve its trading platform with each successive year.

As one of the more popular brokers on the market, Olymp Trade offers an easy user interface, great customer service, and plenty of options to learn how the markets work.

 

Pros and Cons

✔️ Pros❌ Cons
Excellent customer supportLacks regulation
User-friendly trading platformNo social trading
Relatively low minimum deposit

 

Features

🔍 Featuresℹ️ Information
🏛️ RegulationNone
💰 Minimum deposit from$10
💰 Commissions from0.00400%
➕ Deposit/Withdrawal FeesNone
⭐ Bonuses$30 welcome bonus
☎️ Customer Support24/5

 

HighLow

 

Overall Rating

4.4/5

Rated #430 of
Recommended FX Brokers

💰Minimum Deposit

USD 0  

🌐 Regulators

FINRA, SEC, NFA

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

180

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

HighLow has earned a reputation among binary traders in the online trading community as being one of the few brokers that are trustworthy and transparent.

While the bulk of the binary options brokers around the world have opted to shift their operations to a tax haven country in the Caribbean, HighLow has chosen to remain in Australia under the jurisdiction of ASIC.

For access to the financial markets, HighLow has opted to adopt the white-labeled trading platform provided by Markets Pulse.

While the trading platform does not have as many features as the popular SpotOption binary trading platform, it is well designed to suit the needs of traders who are just beginning to take up online trading.

The trading platform allows its users to trade the binary options market with 5 different types of options contracts namely High/Low options, High/Low spreads, Turbo options and Turbo spreads options.

 

Pros and Cons

✔️ Pros❌ Cons
Well regulated
Demo account available
High payouts

 

Features

🔍 Featuresℹ️ Information
🏛️ RegulationASIC
💰 Minimum deposit from$50
💰 Commissions fromNone
➕ Deposit/Withdrawal FeesNone
⭐ Bonuses$50 cashback sign up bonus
☎️ Customer Support24/5

 

OptionRobot

 

Overview

Created by a team of highly experienced software developers in 2014, OptionRobot.com is an automated binary options trading software.

This kind of clever technology is built to help traders, by identifying and monitoring trading opportunities and then actually trading on the users’ behalf. It’s a particularly good product for newbie traders, who can learn to trade while watching the software work.

But it also has a place for more experienced traders too, who might not be a master of a diverse range of different assets, but still want to trade them.

This trading software is one of the leading trading robots in the industry and gives traders the choice of connecting to a selected number of binary options brokers.

While most binary options trading robots thrive on marketing hype, Option Robot is different as it relies solely on its ability to use popular technical indicators and proven trading strategies to produce favorable trading results.

 

Pros and Cons

✔️ Pros❌ Cons
Demo account availableNo verified trading results
Free softwareLimited customer support
High winning ratio

 

Features

🔍 Featuresℹ️ Information
🏛️ RegulationNone
💰 Minimum deposit fromNone
💰 Commissions fromNone
➕ Deposit/Withdrawal FeesNone
⭐ BonusesNone
☎️ Customer Support24/5

 

Ayrex

 

Overview

Ayrex is a binary options broker established in 2014 and operated by Advanced Binary Technologies Ltd.

Its main office is located in St. Kitts and Nevis.  Ayrex accepts traders from around the globe but does not serve traders in the United States, Iraq, Iran, North Korea, Syria, and several other countries.

Ayrex offers its clients many possibilities for binary options trading. In addition to offering a wide range of currency pairs to trade, in the summer of 2016, the broker increased its offerings by adding 35 stocks to its list of tradable assets.

Trading is available on the broker’s web-based platform and its Android and iOS mobile applications.

 

Pros and Cons

✔️ Pros❌ Cons
Automatic withdrawalsNot regulated
More than 60 assets to trade
High payouts

 

Features

🔍 Featuresℹ️ Information
🏛️ RegulationNone (CySEC pending)
💰 Minimum deposit from25 USD/EUR
💰 Commissions fromNone
➕ Deposit/Withdrawal FeesNone
⭐ Bonuses30% deposit bonus
☎️ Customer Support24/5

 

CryptoRobot365

 

Overview

Cryptorobot365 is yet another Seychelles-based binary trading broker. It mainly deals with cryptocurrencies. You can trade with Ethereum, Bitcoin, Monero, Litecoin, or Ripple. The platform, unlike the others, is quite straightforward.

You just buy the cryptocurrency of your choice under speculation that it will appreciate at price. The platform is an automatic platform. It monitors the trends in the cryptocurrency market and sells or buys cryptocurrency on your behalf to help you make profits.

 

Pros and Cons

✔️ Pros❌ Cons
Advanced trading tools
No extra trading fees
Fast payouts

 

Features

🔍 Featuresℹ️ Information
🏛️ RegulationNone
💰 Minimum deposit from$1000
💰 Commissions fromNone
➕ Deposit/Withdrawal FeesNone
⭐ Bonuses30% deposit bonus
☎️ Customer Support24/5

 

BinaryRobot365

 

Overview

Binaryrobot365 is yet another robot-based binary options broker. Instead of you monitoring the markets, yet set the ideal market conditions and let the robot make the trade when it detects them.

Binaryrobot365 claims to register up to a 90% win rate among its traders. It is a great platform for novice traders to try their hands in binary trading. Binaryrobot365 is one of the best binary options brokers in India.

 

Pros and Cons

✔️ Pros❌ Cons
Easy account setupManual management probability
Advanced trading platform
Customizable account

 

Features

🔍 Featuresℹ️ Information
🏛️ RegulationNone
💰 Minimum deposit fromNone
💰 Commissions fromNone
➕ Deposit/Withdrawal FeesNone
⭐ BonusesNone
☎️ Customer Support24/5

 

Binary.com

 

Overall Rating

4.6/5

Rated #342 of
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Binary.com is a UK-based binary trading broker. It has been licensed by and is under the regulation of the British Isles, Malta, Ireland, and the UK.

It is one of the most transparent binary options brokers in the industry. It has made declarations of owning the company, and it is in charge of the market operations.

The platform brings together aspects of speculation and binary trading. Its services include FX margins, Crypto trading via MT5 and CFDs.

Binary.com offers you over 100 instruments to trade with. Binary.com also offers you interactive webinars, daily market reports, and eBooks and videos for learning, all for free.

 

Pros and Cons

✔️ Pros❌ Cons
High payoutsNo signup bonus
Good trading platform
Demo accounts offered

 

Features

🔍 Featuresℹ️ Information
🏛️ RegulationMalta Financial Services Authority
💰 Minimum deposit from$5
💰 Commissions fromNone
➕ Deposit/Withdrawal FeesNone
⭐ BonusesNone
☎️ Customer Support24/5

 

Finmax

 

Overall Rating

4.4/5

Rated #384 of
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

FSC, IFMRRC

📱 Trading Desk

MetaTrader 5

Crypto

Yes

📈 Total Pairs

59

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Finmax is a Bulgaria-based binary options broker. The platform was launched in 2015 and boasts of a team of financial market professionals who help people around the world trade in binary options.

The platform does not admit US traders though. Finmax has a couple of awards under its belt. They are an indication of its prowess as far as binary trading is concerned.

Finmax also offers some shorted trade durations. You can set the trade to last for as little as 30 seconds. You can also set long durations. They can be as long as six months, depending on your speculations.

 

Pros and Cons

✔️ Pros❌ Cons
Fast trading platformNo Windows phone support
Educational resources
Demo accounts offered

 

Features

🔍 Featuresℹ️ Information
🏛️ RegulationIFMRRC
💰 Minimum deposit from$250
💰 Commissions fromNone
➕ Deposit/Withdrawal Fees5%
⭐ Bonuses25% bonus
☎️ Customer Support24/5

 

Frequently asked questions

 

What is binary options trading?

A binary option is a type of option with a fixed payout in which you predict the outcome from two possible results.

If your prediction is correct, you receive the agreed payout. If not, you lose your initial stake, and nothing more. It’s called ‘binary’ because there can be only two outcomes – win or lose.

 

Can you make money with binary options trading?

Compared to another trading, the returns in binaries are extremely attractive. Some brokerages promise payouts of up to 90% on a single trade.

If you’re looking to make simple trades with large profit potential, binaries could well be worth considering.

 

Which are the best binary options trading platforms?

Check our comprehensive list of the 27 best binary options trading platforms directly from the Forex Suggest website.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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