15 Popular Binary Options Brokers of 2024: Which One Is The Best For Trading?

Ever since the US Securities and Exchange Commission approved binary options in 2008, numerous traders have been interested in expanding their investments and exploring binary options trading. And since there’s an expanding list of available brokers today, it’s challenging to narrow down your choices to find the one that suits your preferences. With that, we’ve gathered the popular brokers to help you jumpstart your search.

To help you, we provide the lowdown on the top 15 popular binary options brokers of 2024 that you can consider for trading. Hopefully, the list will let you find the best broker for your investment needs and expectations, and start successfully trading on your own.

Binary options trading may have gotten a bad rap because of its all-or-nothing premise, but the high payouts keep traders coming back for more. This is why binary options markets remain strong in various regions around the world, particularly in Asia.

To avoid fraud in binary options trading, choose a trustworthy broker. These brokers can help minimize your losses and provide a measure of security for your funds. Some traders turn to smart contract-based binary options transactions to fortify their deals using blockchain technology.

Each broker also offers different options in terms of minimum deposit, maximum returns, and supported assets. Some brokers even allow traders to use cryptocurrency to fund their accounts or get payouts. The benefits of blockchain and the advantages that global fintech trends exert significant influence on the binary options trade.

To match you with the best binary options broker for your needs, we’ll take you on a tour of the top binary options brokers today. Our analysis of each broker lays out the most important features, including deposits, returns, bonuses, and supported platforms. This way, you can make an informed decision and get the best protection for your funds.

Top 15 Binary Options Brokers

1. IQ Option

“This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.”

IQ Option was established in 2014 and had since then received favorable reviews on the internet. It uses in-house software for trading. The maximum returns are 95% (in case of correct prediction). However, traders in Afghanistan, Albania, American Samoa, Australia, Belarus, Canada, Comoros, Crimea, Cuba, Democratic Republic of the Congo, Donetsk and Luhansk People’s Republics, Eritrea, Ethiopia, Guam, Haiti, Iran, Israel, Japan, Libya, Mali, Myanmar, North Korea, Palestine, Republic of Abkhazia, Republic of South Ossetia, Russia, South Sudan, Sudan, Syria, Transnistria, Ukraine, the United Kingdom, the USA, Vatican, and the U.S. Virgin Islands are not accepted. IQ Option LLC is well-known for reliable broker services.

It provides a wide array of web-based and mobile features that help make binary trading transparent, reliable, and more efficient. For instance, it offers a speed trading service with up to 5-minute increments and hourly binary options in 15-minute increments. It also offers trading expiration periods of up to a month. Moreover, its Digital Options service allows users to trade gold in over 500 assets.

IQ Option

Try out IQ Option with their free trial

Risk Warning: Your Capital Might Be At Risk.

This popular binary options tool offers a free demo account to help you get started. The minimum deposit is just $10 for the Real Account.  There is also the premium VIP account, which is available to clients who deposit significant amounts (exact amount subject to change). Customer support is currently offered via email, phone, and live chat. Finally, this broker offers multiple convenient deposit and withdrawal methods to help you trade easily.

IQ Option Key Features

• Minimum deposit: $10
• Minimum trade size: $1
• Maximum returns: 95% (in case of correct prediction)
• Supported trading platform: proprietary web, Android, iPhone

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.

2. Nadex

Nadex (North American Derivatives Exchange) is one of the most popular binary options trading platforms. One of the big reasons for this is that it is regulated by the Commodity Futures Trading Commission (CFTC). Another one is that it makes trading very simple and easy to understand. This is thanks to a simplified trading format and intuitive platform. Of course, it also has advanced technical analysis tools such as the candlestick chart and a long list of indicators, including moving averages (MA), Bollinger Bands, and Stochastics, among many others.

The platform provides users access to many types of markets, including Forex, stock indices, commodities, and event economic events like the unemployment rate. This is only through a single account. Speaking of the trading account, Nadex has no initial deposit and no maintaining balance. So, the barrier of entry is close to nil. Moreover, users get to enjoy a very low trading fee of $1.00 per contract and another $1.00 for an in-the-money or winning trade as a settlement fee. There is no settlement fee when you finish out-of-the-money. With the feature, users will never ever lose more than they put up for the trade.

Nadex also offers other innovative products unique to the platform. These are Knock-Outs (Touch Bracket™) and Nadex Call Spreads. Both contracts have built-in floors and ceilings. All contracts have defined risks. Users, from the onset, will always know their maximum potential wins and losses.

Lastly, it also has a mobile app, NadexGo, for both Android and iOS users. So, you can trade or monitor your positions even on the go.

Key Features of Nadex

• Minimum deposit: $0
• Maintaing balance: $0
• Bonus: none
• Payout ratios: Payouts can reach more than 100% of the initial investment, minus fees. Losses can never exceed the cost of your trade plus fees.
• Supported trading platform: Web, Android, and iPhone

3. 365Trading

365Trading is registered with the CySEC and based in Cyprus. It was founded in 2012 and has since traded in the EU without issues. It primarily trades in binary options. As of this writing, US traders are not accepted.

The minimum deposit is at $100, with profits and bonuses reaching 85% and 100%, respectively. You can open a demo without deposit and try their long- and short-term expiries.

The platform, an in-house system, is robust and ideal for veteran traders. It features charts, lines, and candlesticks and provides historical analysis, functioning as a business analytics tool. The platform allows you to set up three assets with quick access shortcuts. Likewise, you can trade four assets simultaneously featuring a main window and three sub-windows.

Support is available via email and phone.

365Trading Key Features

• Minimum deposit: $100
• Maximum returns: 85%
• Bonuses: up to 100%
• Supported trading platform: proprietary, web, Android and iPhone

4. Ayrex

Ayrex is based in the UK and has a pending application with CySEC. It trades in 70 assets and is focused on binary options. As of today, US traders are not accepted.

The minimum deposit is $25, one of the lowest, while the bonus is up to 10%, 20% and 30%, based on the amount of your deposit for Ayrex account holders.

The broker uses a proprietary trading platform featuring instant withdrawals, which is unique in the niche. The interface is neat and lets you quickly jump to different trades. It’s ideal for short-term trading. High/Low options are also available.

Support includes 24/7 live chat and via email. Likewise, the system is accessible from Android and iPhone apps.

Ayrex Key Features

• Minimum deposit: $25
• Minimum trade size – $5
• Maximum returns: up to 85-90%
• Bonuses: $30 no-deposit new account, up to 30% on the trade
• Supported trading platform: proprietary, web, Android and iPhone

5. OptionFair

OptionFair was founded in 2010 and is based in Cyprus. It is regulated by the CySEC and is also listed on the London Stock Exchange, a first among binary options brokers. US traders are not accepted. The broker trades in forex, CFDs, and binary options on 118 underlying assets.

The minimum deposit is $100, with returns up to 100%. However, there are no indicated bonuses, but you can always contact support for possible terms. The expiry time is shorter than average but makes for quick returns over short-term trading.

The broker uses its own platform that allows you to shift trading from forex to binary and to CFDs, from a single interface. It gives you access to myriad assets and instruments and a wide range of expiries. You can, in fact, trade simultaneously on forex and binaries. Mobile apps for Android and iPhone are available.

There is phone support in five international numbers, including English, Spanish, Italian, and French. Email and live chat support are likewise provided.

OptionFair Key Features

• Minimum deposit: $100
• Maximum returns: 100%
• Bonuses: none
• Supported trading platform: proprietary, web, Android and iPhone

6. BinaryTilt

BinaryTilt is an unregulated broker with headquarters in London, England, but is wholly owned by Cyprus-based Depix Holdings. Although it isn’t overseen, the broker seems to have a clean record with rare warnings from authorities. US traders are not accepted. It trades in stocks, indices, forex, and commodities across 150 underlying assets.

The minimum deposit is $250, with profits of up to 85%. Likewise, bonuses can reach 100%. Trading styles include high/low, one-touch, range, and on-demand. The stocks are also mainly US or EU-based companies.

The trading platform is SpotOption, a standard but increasingly old school tool compared to newer platforms today. The UI is familiar, and the elements are organized, good enough for first-timers to kickstart their trading without a hassle. Support is via chat, while Android and iPhone apps are available.

BinaryTilt Key Features

• Minimum deposit: $250
• Maximum returns: 85%
• Bonuses: up to 100%
• Supported trading platform: SpotOption, web-based, Android and iPhone

7. GTOptions

GTOptions is another Cyprus-based binary options broker. It uses the SpotOption trading platform, which is one of the most dependable web-based solutions in the market today. Its interface is smart and easy to use, with color-coded buttons and tabs arranged per type of trade offerings and asset offerings to be traded.

This binary options platform also offers several intuitive tools to help traders achieve better outcomes. For instance, it has a risk management feature that allows traders to cash in on their live trades before contract expirations. Likewise, it has a binary meta mode that supports high-level trading, specifically designed for professional traders.

Finally, the vendor offers 24/7 customer support and provides an extensive library for education and reference purposes.

GTOptions Key Features

• Minimum deposit: $250
• Maximum returns: 81%
• Bonuses: Below $1000 50% bonus, above $1,000 100% bonus
• Supported trading platform: proprietary, web, Android, and iPhone

8. OneTwoTrade

OneTwoTrade uses the popular web-based SpotOption trading architecture. The company provides the latest technological advancements for the benefit of its clients. OneTwoTrade has won an award for providing an efficient and safe trading platform that is relatively easy to use.

This fully-licensed binary options brokerage firm is headquartered in London. It is also highly regulated by government agencies, such as the Malta Gaming Authority. Moreover, OneTwoTrade is rigidly tested to ensure precision, stability, and quality.

OneTwoTrade offers two trading accounts; one is free, while the other is paid. The latter, called Privilege Plus, offers more benefits to users, including comprehensive market analysis, special promotions, and anytime access to senior account managers. Privilege Plus members also get either an iPhone or iPad that’s equipped with a special mobile trading app.

OneTwoTrade Key Features

• Minimum deposit: $200
• Maximum returns: 65% to 85%
• Bonuses: not specified.
• Supported trading platform: proprietary, web, Android and iPhone

9. 99Binary

99Binary operates from Anguilla, a British overseas territory in the Caribbean. Started operations in 2013, this binary options trading company serves clients in the US and worldwide. It has a well-designed, comprehensive online portal that offers numerous features, tools, and trading information.

This HTML-based binary trading solution offers users the convenience of a clean, clutter-free dashboard design. Users will appreciate how the site presents data on the latest success trades of other users, which can be easily copied for later use.

Another notable feature of 99Binary is its trading turnover requirement. To cash out bonuses, customers must achieve a particular turnover quota, which goes down for every tier. This is an effective motivation for traders who love bonuses.

99Binary Key Features

• Minimum deposit: $250
• Maximum returns: up to 86% on Standard & 60-Seconds, and up to 350% on One Touch
• Bonuses: To cash out bonuses, Starter level users must reach 30x turnover. For Premium users, 20x turnover is required.
• Supported trading platform: proprietary, web, Android and iPhone

10. Binary.com

UK-based Binary.com is a licensed broker regulated in the British Isles, Malta, Ireland, and the UK. However, US, Canada, Japan, Hong Kong, and Costa Rica traders are not accepted. It is one of the more transparent companies in the industry that declares its owning company and market operations. Formerly the BetonMarkets, Binary.com blends gambling and trading but with transparency. It offers CFDs, FX margin, and crypto trading via MT5.

You can start the trading time aside from the expiry date, and the investment amount is based on the payout you set. The minimum deposit is $10, and for e-wallets, it’s even lower, at $5.

Bonuses are not standard; rather, they consist of two types–the Deposit Bonus and Free Bonus. Likewise, percentages are not specified, but you are required to have as much as 25 turnovers to avail yourself of a withdrawal. There’s also a 1.5% payout commission.

The broker supports various trading platforms, such as Binary Webtrader, Binary Bot, and Binary Next-Gen. Furthermore, it can personalize client trading needs all under one roof.

The platform is intuitive to the first-time trader and robust for the veteran. It features a lot of visual tools like charts and technical indicators, and the tutorials on binary options are comprehensive. Likewise, it supports 12 languages and provides a virtual money account. Mobile apps are available, with a mobile payment system.

Binary.com Key Features

• Minimum deposit: $5 for e-wallet and $10 for debit and credit cards
• Maximum returns: 100-1000% depending on contracts and trades
• Bonuses: not specified
• Supported trading platform: proprietary web, Android and iPhone

11. eToro

Tel Aviv, Israel-based eToro is a social trading network and not a broker. It allows you to copy the leading traders in its community and, hopefully, realize the same margins. Conversely, your trading can be copied, which earns you additional income.

In this platform, you invest in people, not currencies. You will have to be mindful of other traders’ behaviors and analyze their patterns or strategies, instead of learning financial charts and indicators.

No worries, eToro provides more than 16 lectures and video courses on how to hone your skills. These include identifying consistent traders, not just one-shot deals. You also get a list of the best traders on currencies, indices, and commodities across a wide range of underlying assets.

On the B side, you can share your trading insights and enroll in the Popular Investor Program as a trade authority. While the minimum deposit is $200, the maximum returns vary. The network uses its in-house trading platform with Android and iPhone apps.

eToro Key Features

• Minimum deposit: $200-$10,000, depending on the country
• Maximum returns: varies
• Bonuses: not specified
• Supported trading platform: proprietary, web, Android and iPhone

12. 24Option

24Option has been online since 2010 and is a stable and reliable broker as it is regulated by the CySEC. It uses the third-party TechFinancials trading platform. Maximum returns are up to 88%. This broker does not accept traders from the US and Australia.

The minimum deposit amount is $250, and the minimum investment amount is $24. Trade types offered are high/low, one touch and no touch, boundary, and 60 seconds.

A demo account is offered for new traders. You can enroll in Standard, Gold, or Platinum account depending on the amount you deposit and the features you want. 24Option provides customer support via phone, live chat, and email in English and 13 other languages.

24Option Key Features

• Minimum deposit: $100
• Maximum returns: 88%
• Bonuses: up to 100%; 25% or $500 (whichever is lowest) for first-time depositors
• Supported trading platform: TechFinancials web, Android and iPhone

13. ETX Capital

ETX Capital is headquartered in London, UK, and regulated by the British Financial Conduct Authority (FCA). It trades in forex, equities, indices, and commodities, but note that binary options are unregulated by the FCA. Likewise, US traders are not accepted as of this writing.

The broker takes pains in educating newbie traders, explaining in detail binary options, risk trading, and other key topics.

The minimum deposit is $100, with returns between 75% to 85%. Bonuses are not specified but are available. A call to their support should specify a personalized bonus based on your investment. Likewise, withdrawals above $100 are free of charge.

The broker uses MarketPulse as a platform. It is clean and intuitive for beginners with expiry times easy to locate. However, it only supports English.

ETX Capital Key Features

• Minimum deposit: £200 (around $260)
• Maximum returns: 100%
• Bonuses: varies, personalized
• Supported trading platform: MarketPulse, web, Android, and iPhone

14. CMC Markets

UK-based CMC Markets has been a forex broker since 1989 but only went into binary options in 2015. Still, that’s a long history of trust and reliable operations compared to most binary options brokers. On top of that, it is regulated in the UK.

Today, it trades in indices, commodities, shares, treasuries, and forex, but US clients are not yet accepted. There is no minimum deposit, and there are no bonuses, too. Returns also vary depending on the product.

Meantime, the platform is customizable and includes charting tools, pattern recognition functionality, various screen layouts, and multiple timeframes. The system is accessible from Android and iOS devices. Support is UK-based and consists of live chat, email, phone, and fax.

CMC Market Key Features

• Minimum deposit: no minimum deposit
• Maximum returns: up to 95%
• Bonuses: none
• Supported trading platform: proprietary web, Android and iPhone

15. EmpireOption

Founded in 2010, Uruguay-based EmpireOption with a registered address in London, England. As with most brokers, US traders are not accepted. The broker trades in forex and CFDs with a diverse underlying investment portfolio.

The minimum investment is $200 and up to 80% maximum returns. Likewise, bonuses can reach 100%, but terms apply.

The trading platform is SpotOption but minus the SpotOption payment network. EmpireOption also uses its own branding interface and maintains control of most of the trading aspects.

Phone and email support are available.

EmpireOption Key Features

• Minimum deposit: $200
• Maximum returns: 82%
• Bonuses: up to 100%
• Supported trading platform: SpotOption, web, Android, and iPhone

How to Succeed in Binary Options Trading?

Many people pursue to trade in binary options even though many fail. This is because of the ease of trading, coupled with the high-profit potentials it offers. However, with thousands worldwide continuing to trade in binary options every single day, is it still possible to succeed in this lucrative trade?

A good place to start is to have an authoritative list of today’s top binary options brokers. So that’s now a check. Likewise, make sure you have the appropriate payment gateway providers for seamless payment transactions. Finally, check out these key elements that will help you succeed in binary options trading:

• Learn how to interpret historical, current, and predicted charts.
• Test various trading strategies and use one that works for you.
• Always consider market indicators.
• Learn to control your emotions, use them to your advantage.
• Trade by capitalizing on your strengths and follow your signals.
• Prepare and stick to a personal, long-term trading plan.

Yes, because of the high stakes involved, trading in binary options is really difficult and high-risk. But if you’d take the time to learn the ropes and sustain your commitment to it, it is realistic to succeed in the binary options trade.

Check out our 2018年最受欢迎的15家二元期权经纪商：哪一家是最好的? article for a Chinese version of this article and 15 nhà môi giới quyền chọn nhị phân phổ biến của năm 2018: Ai mới là tốt nhất? is available for the Vietnamese audience. There is also a Korean version available here: 2018년 최고 인기 바이너리 옵션 브로커 15개사, 누가 최고일까?

Your product is not on the list?

If you are a binary options provider and you didn’t find your product on our 2024 list above, feel free to let us know about your service. We may consider including it on the list. You can easily let us know about your product here.

By Daniel Epstein

Daniel Epstein is a senior financial research analyst at FinancesOnline and the architect behind our Fintech and ERP content division. His main areas of expertise are blockchain technologies, cryptocurrencies, and the use of biometrics in fintech solutions. His work has been frequently quoted by such publications as Forbes, USA Today, Entrepreneur, and LA Times. With more than 1,800 solutions scrutinized in the last 5 years spent on our team he always prioritized offering readers an unbiased perspective on modern financial technologies.