Binary options brokers offer traders an accessible way to make money in the binary options market. However, with so many binary brokers to choose from, picking the best trading platform for your needs can feel overwhelming.
Weve reviewed the leading binary options brokers to help you find the right trading platform. We analyzed each binary broker on a variety of factors including minimum deposits, payouts, regulation, asset selection, customer service, and trading platform.
Here are the best binary options brokers of 2022.
Top 6 Best Binary Options Brokers of 2022
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Pocket Option: Best binary broker overall
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Binarycent: Best trading platform for beginners
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IQCent: Best for copy trading
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RaceOption: Best signup bonuses
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Nadex: Regulated broker for USA traders
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Binary.com: Most advanced trading platform
#1 Pocket Option: Best Binary Option Broker Overall
Pocket Option is our top choice for the best binary options broker of 2021. This innovative trading platform has low minimum deposits, convenient payment methods, excellent payouts, and a variety of technical analysis tools.
Pocket Option has served over 10 million users since its launch in 2017, and its user base spans more than 95 countries.
Pocket Option allows you to trade more than 100 assets, including stocks, Forex, cryptocurrencies, indices, and commodities. To get comfortable with the websites platform, you can create a demo account using virtual money. This demo allows you to use all of the features of the site without any real risk involved.
Pocket Option also makes it easy to withdraw and deposit funds. The site has a minimum deposit amount of $50 and a withdrawal amount of $10, meaning you dont have to build up too high of a profit before cashing out. Pocket Option supports convenient, safe payment methods, and you can even use cashback and other trading advantages to simplify the process.
Investors who are new to the world of binary options will appreciate that Pocket Option has a minimum trade amount of $1, allowing you to start small and decrease your risk. The platform is compatible with Windows, iOS, Android, and web browsers so that you can take your binary options on the go.
New traders will also enjoy Pocket Options comprehensive education section, featuring tutorials and guides about binary trading strategies. The site helps you feel confident that you know the ins and outs of binary options trading before putting your money on the line.
This platform has received regulation from the International Financial Market Relations Regulation Center (IFMRRC), so you can trust that your trades are legitimate and safe. Pocket Option is available in many countries, including the U.S. and throughout Europe.
All in all, Pocket Option is a safe, convenient binary options broker with a worldwide client base. If youre looking for the best binary options platform to put your trust in, Pocket Option is your best bet.
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Minimum Deposit: $50
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Minimum Trade: $1
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Demo Account: Yes
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Underlying Assets: 100+
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USA Accepted: Yes
#2 Binarycent: Best Trading Platform for Beginners
BinaryCent is a binary options broker that allows you to invest and earn up to 95% in just 60 seconds. Their beginner-friendly trading platform allows you to trade forex pairs, CFD, and binary options.
One of the best features of the BinaryCent trading platform is the ability to copy the most successful traders. You can choose which traders you want to follow and then copy their trades with the click of a button. This copy trading feature is especially useful for beginners that are still learning how to trade binary options.
Heres what we like most about BinaryCent:
10 Cent Minimum Trade Amount – With BinaryCent, you can trade binary options for as little as 10 cents per trade, which is less than most online binary options brokers.
1-Hour Withdrawals – Unlike other binary option brokers that can take up to 72 hours to withdraw your money, BinaryCent has a 1-hour processing time.
Weekend Trading – With BinaryCent, you can trade non-stop, even on the weekends.
Wide Range of Deposit Methods – From credit cards to cryptocurrency, BinaryCent offers a variety of deposit methods to fund your account with.
Generous Bonuses – BinaryCent rewards traders with bonuses on initial trading deposits. The bonus percentage depends on your deposit amount and can reach up to 100%.
Trading Contests – BinaryCent offers trading contests where they offer $20,000 in prize funds to 20 winners every week.
If youre looking for an easy-to-use trading platform with attractive payouts and generous first-time deposits, BinaryCent is a great binary option broker to consider. With 10 cent minimum trades and copy trading, BinaryCent is the best option for beginner traders.
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Minimum Trade: 10 cents
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Min. Deposit: $500
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Deposit Bonuses: 20-100%
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USA and UK Friendly: Yes
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Leverage: Up to 1:100
#3 IQCent: Best for Copy Trading
Some binary options traders want to make an easy profit without having to watch the market to figure out the smartest move. If this description sounds like you, you‘ll love IQCent’s easy-to-use platform and copy trading tool.
IQCent is a 100% secure trading platform that processes over 10,000 transactions daily. The site offers a range of advantages compared to other venues of its kind: referral perks, bonuses for each monetary amount you deposit, non-stop trading, instant withdrawals. You can choose from more than 100 trading markets, including stocks, Forex, and commodities–and the minimum trade size is just a penny.
Beginners and casual traders love IQCent‘s copy trading tool. This feature allows you to copy experienced investors’ trades so that you can earn profits without any prior experience in trading. If you need help using any of its tools, IQCent has a 24/7 live chat that allows you to speak with customer support directly.
IQCent has a minimum deposit of $500, which is a bit steeper than other binary options platforms on our list. However, with so many giveaways, rewards, and educational resources, youll be earning profits off your deposit in no time. The platform supports over ten payment methods, including cryptocurrency and cards, making it easy to withdraw and deposit your funds.
IQCent also lets you leverage up to 1:100, allowing you to maximize your potential profit even with smaller investments. Even better, first-time trader accounts can receive up to a 100% bonus on their first deposit.
IQCent operates out of the Marshall Islands and currently does not provide services in the United States. However, the site does allow some international traders to open accounts depending on their countrys regulations.
IQCent is one of the best binary options brokers for beginners and casual traders looking for a low-risk trading platform.
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Minimum Deposit: $500
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Minimum Trade Size: $0.01
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Deposit Bonus: 20-100%
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Demo Account: Yes
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Underlying Assets: 100+
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USA Accepted: Yes
#4 RaceOption: Best Deposit Bonuses
If you enjoy the thrill of bonuses and rewards in your binary options trading, RaceOption is the platform to check out. RaceOption facilitates over 10,000 trades daily with 100+ asset options ranging from stocks to crypto to commodities.
If you want to take your profits up a notch, you‘ll appreciate RaceOption’s extensive rewards programs. You can earn extra income for referring friends to the platform—once they sign up, you‘ll make 20% back from their deposits. You can also enter the site’s giveaways and sweepstakes to win prizes ranging from iPads to iMac computers to cash.
Traders who are new to binary options trading can take advantage of RaceOption‘s copying features. These tools allow you to select a trader from the site’s list of successful investors and copy their trades, helping you make more confident trading decisions.
RaceOption requires a minimum deposit of $250 and a minimum withdrawal amount of $50. Once you make your initial deposit, you can place trades as low as $1 apiece to minimize risk. Even better, you can expect your withdrawal to go through within one hour of your request, so your funds will be on the way to your account in no time.
RaceOption is currently not regulated in the United States and does not have a strong regulatory license outside of the United States. However, many traders consider it a reliable binary trading platform, so you can likely trust its services as much as other websites on our list.
Altogether, RaceOption is an excellent choice for traders looking for fun and exciting bonus options alongside a secure trading platform.
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Minimum Deposit: $250
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Sign Up Bonus: 20-100%
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Demo Account: Yes
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Underlying Assets: 150+
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USA Accepted: Yes
#5 Nadex: Regulated Binary Broker for USA Traders
Nadex is a United States based binary options exchange located in Chicago, Illinois. Nadex is the only CFTC (Commodity Futures Trading Commission) regulated exchange offering binary options.
Nadex offers several different trading platforms that allow you to take positions on short-term price movements in a variety of markets. You can choose between binary options, touch bracket, knock-out, and call spread contracts.
Due to regulatory rules set forth by the CFTC, the money you deposit must be held in segregated bank accounts to ensure your funds are safe and secure.
Here are the different markets you can access via Nadex:
Forex – Trade fixed-risk contracts on a variety of currency pairs including EUR/USD, EUR/GBP, and USD/JPY.
Indices – Speculate on the price movement of global indices such as US 500 and the FTSE 100. Includes predefined risk levels and lower fees than most stock and futures brokers.
Commodities – Low cost fixed-risk contracts for commodity markets such as crude oil, natural gas, gold, silver, copper, corn, and soybeans.
Events – With Nadex, you can predict the strength of the US economy by trading binary options based on economic events such as the weekly jobless claims reports.
The Nadex Trader Platform lets you place orders directly to the exchange using their proprietary software. You can filter over 5,000 contracts daily by asset class, expiry time, and price. For binary options, Nadex charges a $1 trading fee per contract on each side of the trade, the entry and the exit.
In addition, Nadex charges a $1 settlement fee per contract for trades that expire “in the money”. However, there is no settlement fee if your binary options trade expires “outside the money”.
For real accounts, there is no minimum deposit requirement.
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Mobile app for on-the-go trading
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Free demo account with $10,000 in practice money
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Predefined risk and reward contracts
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Ability to exit trades early to minimize losses
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Intuitive desktop trading platform with a variety of technical analysis tools
#6 Binary.com: Best for Trading on MT4 Platform
If youre unfamiliar with the world of binary options, Binary.com is an excellent place to start. This online binary options trading platform has been facilitating trades since 1999, and its straightforward, user-friendly website makes it easy to become knowledgeable about the binary market. However, its services are not currently available to investors in the United States or Canada.
Binary.com allows you to make trades 24/7, even on the weekends, making it one of the more convenient binary options brokers. It offers over 100 tradable markets, including Forex, crypto, CFDs, and metals through its binary options and MetaTrader 5 platforms.
Beginners will appreciate that you can set up a virtual practice account through Binary.com to help you learn more about binary trading. This account provides you with a $10,000 virtual credit that you can replenish for free. Once you feel comfortable, you can create a real account to begin trading funds.
One of the best features of Binary.coms platform is its speed. You can execute your binary trade in just seconds and analyze your portfolio in real-time, so you always make the most up-to-date trading decisions. The site also allows you to customize your trading options, so you can choose your payout, asset, duration, and strike to fit your needs.
Binary.com has a lower minimum deposit than other sites on our list at just $5, making it more accessible to new and casual traders. The platform supports hundreds of deposit and withdrawal methods, including Visa and Mastercard credit cards, Bitcoin, and more.
Binary.com is licensed in Malta, the United Kingdom, Ireland, and the Isle of Man.
This site has won numerous awards for its integrity, reliability, and ease of use. In 2019, Global Brands Magazine named Binary.com the Best Binary Options Broker, and we agree that it offers some of the most benefits among similar platforms.
Binary.com is one of the best binary options brokers for beginners looking for a simple, easy-to-use platform to begin trading.
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Min. Deposit: $5
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Minimum Trades: $1
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Demo Account: Yes
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USA Accepted: No
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