The Best Binary Options Brokers in 2023

Owned by Gembell Limited, Pocket Option entered the binary options online trading market in 2017. Based in the Marshall Islands and regulated by the International Financial Market Relations Regulation Center (IFMRRC), this provider welcomes traders from more than 95 countries - including the United States - and has already served more than 10 million users.

Given its innovative trading platform with convenient payment methods, low minimum deposit requirements, high payout rates, and an excellent variety of technical analysis tools, we recommend Pocket Option as one of the top binary options brokers in the US.

There are more than 100 assets to trade, including Forex, cryptocurrencies, stocks, indices, and commodities. If you have the good habit of testing a platform before making a deposit, you’ll be glad to hear that this provider lets you create a demo account with $10,000 in practice funds to try out all the features available without running the risk of losing anything.

If you are new to the world of binary options trading, you’ll appreciate that the minimum trade amount at Pocket Option is only $1, which will give you a chance to start small and minimize your risks. As per returns, the site claims to offer payouts as high as 218%.

This provider’s binary trading platform is compatible with iOS, Android, Windows, and all the most popular web browsers so that you can make binary options trades wherever and whenever you’d like.

Another great thing about Pocket Option is how easy it makes depositing and withdrawing funds. Payment methods include credit cards, debit cards, e-payments, and cryptos. The minimum deposit amount is $5, while the minimum amount you’ll be able to cash out is $10, meaning that you won’t need to build up massive profits before making a withdrawal.

As one of the binary options brokers with the lowest minimum deposit requirements, Pocket Option offers a unique social trading feature. Particularly useful for those with little trading experience, this functionality lets you keep an eye on other investors’ trading habits, monitor their progress, and even set up automatic trade orders that will copy the strategies of the most successful binary options traders.

New investors will also appreciate the site’s comprehensive education section, brimming with detailed tutorials and guides.

Reasons to use this platform:

• Easy payment processing
• Diverse trading instruments
• Trading indicators and signals
• Payouts up to 218%
• Comprehensive knowledge base

Established in 2017, Binarycent is another Marshall Islands-based binary options trading platform, owned and operated by Wave Makers LTD. Focused on Forex and CFDs (Contract For Differences) in addition to binary options, this online broker is a little different compared to other providers on our lists.

Unfortunately, Binarycent does not accept traders from the US, Canada, Israel, and Cyprus. On the other hand, users from many countries and territories, including Australia, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, the United Arab Emirates, and Saudi Arabia, are accepted.

Given its low minimum investment requirements (starting from just $0.10), Binarycent is a top choice for both new investors and seasoned traders. Furthermore, this provider offers expiry times as short as 60 seconds and payouts as high as 95%.

Depending on your initial capital, as one of the most flexible binary options brokers, Binarycent has three account types on offer:

• The Bronze account features round-the-clock video chat support, withdrawal processing in one hour, a demo trading account, a 20% deposit bonus, and the Copy Trading tool, which lets you monitor and replicate successful traders’ strategies with a single click. It’s meant for those who want to invest between $250 and $1,000. 
• The Silver option is available to traders who deposit between $1,000 and $3,000. It comes with everything offered in the Bronze tier, with the addition of a 50% bonus, three risk-free trades, and a Master class.
• Lastly, the Gold option is meant for a binary trader who wants to deposit up to $25,000. It offers everything included in the first two account plans, plus a 100% bonus, and access to a personal success manager.

One of the best things about BinaryCent is that it operates non-stop, even on the weekends. It’s also important to mention that the platform supports a wide range of deposit methods, from credit cards to cryptocurrencies, and processes transactions very quickly.

While this is one of the market’s top-rated binary options sites, it still has a few downsides. The main disadvantage of Binarycent in comparison with other popular binary options trading platforms is that it doesn't offer trade signals. In other words, you’ll have to rely on asset analysis to make a successful trade.

Reasons to use this platform:

• Round-the-clock video support
• Trading contests
• Low minimum-trade requirement
• Three account packages
• Withdrawals processed in an hour

Quotex is a digital options broker platform owned and operated by Maxbit LLC based in St. Vincent and Grenadines. Even though it hasn't been present for that long in the market, it established itself as a reliable platform among traders. Quotex is, for a good reason, among the leading binary options brokers on the market, allowing investors to trade assets like forex, commodities, stocks, and indices.

Before registering, you can check out the platform’s demo account and trade with $10,000 in virtual currency. We find that’s fair since you don’t have to go through an extensive KYC procedure only to find the platform is too complicated to use or doesn’t include all the options it discloses.

The platform is not available in Hong Kong, EEA countries, and Indonesia, but traders from the US are able to use it. Furthermore, the company used to be regulated by the International Finance Market Relations Regulation Center (IFMRRC), but its license has expired.

For deposits and withdrawals, Quotex supports Visa, Mastercard, cryptocurrencies, and Perfect Money. You can choose between 19 popular cryptocurrencies, which include BTC, ETH, USDT (on four different blockchains), Litecoin, and Zcash. The minimal withdrawal and deposit amounts are $10, except for Ether and Bitcoin at $50.

The platform charges no fees for deposits and withdrawals. The latter can take anywhere from one to five workdays, but the platform always tries to process the requests on the same day.

The underlying assets offered by Quotex are not terrible but not great either. It’s not one of the top binary options brokers regarding the available selection, but most traders will find it satisfactory. There are multiple currency pairs to choose from, and Quotex has stocks from companies such as Microsoft, Johnson & Johnson, Pfizer, and many other well-established names.

Indices Like NASDAQ 100, Dow Jones, and S&P 500 are also included, along with commodities such as gold, silver, and oil. At the time of review, Quotex also had a category for cryptocurrencies, but no trading pairs were available.

With Quotex, you can also trade on the go. The platform has a mobile app for iOS and Android devices. It includes the same features you’d find on the web platform, neatly packed in a smartphone and tablet-friendly interface.

The platform offers up to 91% profit payouts for trades, which is one of the best percentages in the industry, but OTM  trades are still going to be a net loss.

Quotex is a great binary options broker choice for beginners, and that’s why we recommend it to new traders. Advanced analytics, documentation, trading signals, analytics, and a demo account to get started are more than enough to prepare you for handling your investments responsibly.

Reasons to use this platform:

• No trading fees
• Demo account 
• A wide range of payment methods supported
• High payouts
• Low minimum deposit requirement

Next up, we have IQ Option, a reputable online platform for trading binary options, ETFs, commodities, stocks, forex, and cryptocurrencies. The company behind the platform, IQ Option LCC, is headquartered in Saint Vincent and the Grenadines and it’s well known in the trading circles.

The downside here is that IQ Option is not regulated by the CFTC, meaning it doesn’t operate in the US. But it accepts traders from across the globe, so their overall coverage is still impressive.

Trading options here are pretty varied, including binary options, Forex, cryptocurrencies, ETFs, commodities, indices, and CFDs on stocks. In total, there are over 300 financial instruments at your disposal. 

The $10 minimum deposit is considerably lower than on some binary options trading platforms. For binary options, the payout goes up to 100% in case of a correct prediction. While we saw platforms with higher binary options payouts, this is still higher than the industry average. When it comes to digital options, the payouts can reach up to 900%.

The minimum binary options investment is $1, while the maximum is $20,000. Expiry times go between 60 seconds up until the end of the month. Bear in mind that shorter expiry means more risk for the trader. In addition to the binary options low deposit amount, withdrawals take one to three business days, which is pretty much the best you can hope for with any binary options broker.

When you sign up on IQ Option, you’ll get access to a demo account with $10,000 to test out the platform and practice trades. There are no tiers when it comes to trader accounts, and the amount you deposit won’t affect the features and bonuses at your disposal in any way.

Reasons to use this platform:

• $10 minimum deposit
• One- to three-day withdrawals
• A single platform for multiple assets
• $10,000 demo account
• 300+ financial instruments

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Deriv, formerly known as Binary, was one of the first platforms to allow users to trade binary options. Founded in 1999, the brokerage remains one of the most popular binary options brokers online. 

Deriv is regulated by four different government bodies from Malta, Malaysia, and Vanuatu. This should reassure any prospective traders of this platform’s fairness and trustworthiness. As you’ve probably noticed, there’s no US regulation mentioned, which is why US traders are not accepted here. 

You can trade with binary options, Forex, cryptocurrencies, raw materials, metals, and synthetic indices. There are multiple platforms to trade on. Two of them, DTrader and SmartTrader, are designed for beginners. They have simple UIs and tutorials to help you get a grasp of binary options trading.

If you’re an advanced binary trader, you have more platforms at your disposal: Deriv MT5, Deriv X, and Binary Bot - an auto-trader you can set up to follow your predetermined trading strategies. Another automated option is DBot, which allows users to create their own trading robot with set trading preferences. Of course, if you prefer trading on your mobile device, then Deriv GO could be the platform of your choice. 

Deriv also has a unique feature called Lookback. This is a type of trading contract where the payout depends on the optimum high or low achieved by the market.

Deriv options payouts are undisclosed, but you can expect them to be around 91% based on Binary’s original offer. The minimum trade limit is only $0.35, while the minimum deposit is $5 - pretty low compared to the competition. Deriv does not disclose what the maximum trade size is, however.

Withdrawal requests are processed within 24 hours, so you can get your hands on the money fairly quickly. The good news for rookie traders is that they get access to a free demo account upon signup. This allows them to get familiar with binary trading and how the platform works before jumping in with real money.

Reasons to use this platform:

• Low minimum deposit and trade limit
• Access to auto-trader
• Regulated by four different agencies
• Payouts of up to 91%
• Lookback trading

Founded in 2014, Raceoption is a relatively new player on the market, but it quickly joined the ranks of the leading binary options brokers. This London-based trading platform is ​​part of the Finance Group Corp or FGC and Suomen Kerren, LP. Like a lot of binary options brokers, the company is registered in Vanuatu.

Unfortunately, Raceoption isn’t approved by the Commodity Futures Trading Commission or other bodies in the US. However, the fact that the platform is part of the aforementioned companies is reassuring, and problems reported by users are few and far between.

When it comes to assets, you can trade with stocks, currencies, commodities, and indices on Raceoption. You can also trade cryptocurrency pairs in both the Forex and CFD portions.

Unlike some binary options brokers, Raceoption doesn’t have a registration charge. On the contrary, you’ll get a deposit bonus when you set up your account. The size of the bonus depends on the account type you choose, with three different types available.

• Bronze account - 24/7 live video chat support, 20% bonus, one-hour withdrawals, demo account, and copy trading tool
• Silver account - everything in Bronze + 50% bonus, first three risk-free trades, and a free Master class web session
• Gold account - everything in Silver +  100% bonus and access to a personal success manager

The account type depends on the size of your initial deposit. From $250 (which is the minimum deposit) to $1,000 is Bronze. $1,000 to $3,000 is Silver, and everything above is Gold. Another great thing is that there are no extra fees on the platform, including for withdrawals.

You can also get access to a demo binary trading account, enabling you to try out trades and the platform risk-free. Furthermore, you can trade on weekends, and the copy trade feature lets you reproduce other people’s trades and earn money, even without any prior knowledge.

The payouts on Raceoption go up to 95%, with the minimum trade amount being $1 and the maximum sitting at $1,500.

Reasons to use this platform:

• No fees
• Up to 95% payout
• High deposit bonuses
• Free demo account
• Weekend trading

CloseOption is a Georgian-based options broker that offers an online binary trading platform. The company was founded in 2013. It is regulated by the National Bank of Georgia under the license number B 2-08/3647, dated October 18, 2017. 

Unlike other brokers on this list, CloseOption isn’t backed by any major US regulatory body and is not available to US customers, which is why it may be viewed as a riskier investment, with users advised to proceed with caution.

Binary contracts offered by CloseOptions are based on a range of underlying assets, including stocks, commodities, indices, and currencies. When it comes to account types, CloseOption offers three options: demo, real, and contest accounts.

The demo account is for those who want to try out the platform and get familiar with the trading process. The funds in the demo account are virtual and can’t be withdrawn.

The contest account is for traders who want to compete against other traders and win prizes. The contests are usually held once a week, and the entry fee is $10.

The real account is for those who are into trading with real money. The minimum deposit for a real account is $5, and the minimum trade size is $1. The maximum value is $1,000 per trade, and users can only have one account on the platform. Having multiple accounts is not allowed.

As one of the best binary trading platforms, CloseOption offers up to a 95% payout in binary options trading. There are more than 30 cryptocurrency pairs on the platform, so every trader can find something for themselves.

Funding a CloseOption account is possible through PayPal, Mastercard, WebMoney, Perfect Money, and bank transfers, with fiat and cryptocurrencies, including BTC, XRP, DASH, ETH, and LTC. Bitcoin and other cryptocurrency payments might take up to 30 minutes to process, while other methods are deposited instantly.

The maximum amount that can be deposited at once is $5,000. And while there are no fees for Bitcoin, Perfect Money, and WebMoney deposits, bank card deposits come with a fee of 1% to 8.4%.

When it comes to withdrawals, it usually takes up to three business days for the funds to appear in your account. The minimum withdrawal amount is $1, while the maximum is $10,000. There is no limit on the total amount per day, so you can withdraw as much as you want in multiple transactions. 

There are no fees for withdrawing from cryptocurrency, WebMoney, or Perfect Money. However, if you wish to withdraw using a wire transfer, the fee might range from $50 to $100.

All things considered, CloseOption is one of the top online binary options brokers, thanks to its great selection of underlying assets and account types. The only drawbacks are the lack of regulations and high fees for some deposits and withdrawals. But all in all, it's a good broker to consider if you're looking to trade binary options.

Reasons to use this platform:

• Over 30 cryptocurrency pairs
• Up to 95% payouts
• Fast withdrawals
• Demo account available
• Weekly contests

Launched in 2004, Nadex, short for Northern American Derivatives Exchange, is a US-based exchange for online binary options, call spreads, and knock-outs. Based in Chicago, Illinois, this provider is approved by the Commodity Futures Trading Commission (CFTC). Due to the safety and security rules imposed by the CFTC, Nadex keeps the funds its users deposit in separate bank accounts.

Aside from the US, Nadex accepts account applications from the following countries: Austria, Belgium, British Virgin Islands, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hungary, India, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Liechtenstein, Lithuania, Luxembourg, Malaysia, Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, and the United Kingdom.

According to the provider’s website, more than 10,000 hourly, daily, and weekly contracts are traded on its browser and mobile platforms each week. As one of the best regulated binary options brokers in the USA, Nadex offers its users access to the following markets:

• Forex: Users can trade fixed-risk contracts on various currency pairs such as EUR/GBP, EUR/USD, or USD/JPY.
• Commodities: Traders can opt for low-cost fixed-risk contracts for a variety of commodity markets, including natural gas, crude oil, soybeans, corn, gold, silver, copper, and more.
• Indices: Users can predict the price changes of global indices such as the S&P 500. This contract option includes predefined risk levels. Additionally, Nadex charges much lower fees than most futures and stockbrokers.
• Events: With Nadex, you can speculate on the strength of the US economy by trading binary options based on economic events.

As one of the best binary options sites, Nadex lets you place your orders directly using the provider’s proprietary software. The platform is fairly easy to use and offers multiple filtering options (by price, asset class, expiry time, and more).

As per binary options trading fees, you’ll face a $1 cost on both the entry and the exit of your trade. Additionally, Nadex charges a $1 settlement fee per contract for trades that settle “in the money.” Alternatively, if your binary options trade expires “outside the money,” you won’t face settlement costs.

This US binary options broker gives all of its prospective users a chance to test out the platform before making a deposit. A Nadex demo trading account comes with $10,000 in virtual money, making it an excellent arena for inexperienced traders to hone their skills. Should you decide to open a real-money account, you won’t have to make an initial deposit. This elevates Nadex above other options brokers.

Another reason why we would recommend investing in binary options via Nadex is that the company provides excellent customer support, offers a comprehensive knowledge base, and even organizes webinars and daily market analysis events.

Reasons to use this platform:

• Desktop and mobile trading app
• Demo account with $10,000 in virtual funds 
• Predefined risk and reward contracts
• Opportunity to minimize losses by exiting trades early
• Easy-to-use platform with several technical analysis tools