Every trader who decides to trade binary options* wants to find the best broker. Choosing the right broker greatly influences your trading success.

Disclamer: binary options are prohibited in EEA

Of course, everyone wants to find an honest and reliable broker with the best trading conditions. After numerous reviews, our team has compiled this rating of the top binary options brokers in 2021.

Rating of the top 5 best binary options brokers in the world

Top 5 ranking of the best binary options brokers and trading platforms in the world.

  1. IQ OptionThe best broker and platform for binary options trading*
  2. Olymp TradeTop loyalty program and selection of trading assets
  3. QuotexFastest growing platform with excellent trading conditions
  4. BinomoThe best bonus program
  5. Deriv (Binary.com)Highest profit on binary options

As mentioned, this top ranking of binary options brokers in the world has been compiled after numerous reviews. They are reliable and offer the best trading conditions for both beginners and experienced traders.

1. IQ Option

In our opinion, IQ Option is the best binary option broker in many countries of the world*, and it is well deserved when you start working with this broker yourself. In addition, on IQ Option you can trade CFDs on forex, company stocks, commodities, crypto and ETF.

best binary options brokers: IQ Option

Official site: https://iqbroker.com
Year of foundation: 2013
Profitability: 80%-90%, up to 99%*
Expiration time: 1m – End of the month
Minimum deposit: 10 $/€
Minimum trade: 1 $/€
Demo-account: $ 10 000
Bonus: N/A
Platform versions: Web, App for PC, iOS and Android.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

*Binary options are prohibited in EEA
**Amount to be credited to the account for a successful trade

2. Olymp Trade

Olymp Trade is the best broker for Fixed Time Trades in 2021. OlympTrade provides proprietary and user-friendly trading platform, a huge selection of trading instruments and an excellent loyalty system for traders.

best binary options brokers: Olymp Trade

Official site: https://olymptrade.com
Year of foundation: 2014
Profitability: 80-90%, up to 92%
Expiration time: 1m – 23h
Minimum deposit: 10 $/€
Minimum trade: 1 $/€
Demo-account: $ 10 000
Bonus: 30%-100%
Platform versions: Web, App for PC, iOS and Android.

3. Quotex

Broker Quotex was founded not so long ago, but it can be called the fastest growing broker in the digital and binary trading industry. It offers excellent trading conditions and good reliability despite only starting in 2020.

You can find a large number of good reviews from traders on the Internet about the Quotex broker (although some of them look suspicious). But in general, this is an excellent choice for beginners and experienced traders – the broker has a convenient own platform with a huge selection of indicators, tools and a free demo account.

More than 4 million accounts have already been registered on Quotex, which makes it one of the most successful and fastest growing binary and digital options brokers.

quotex io official site review

Official site: https://quotex.com
Year of foundation: 2020
Profitability: 78%-80%, up to 92%
Expiration time: 1m – 5h
Minimum deposit: $ 5
Minimum trade: $ 1
Demo-account: $ 10 000
Bonus: Up to 80%
Platform versions: Web, App for Android.

4. Binomo

Binomo is the fourth best binary option broker in the world. Our team made this conclusion after analyzing the pros and cons, as well as comparing the reliability and trading conditions of the broker with others. Also this is confirmed by the fact that more than 930,000 traders in 133 countries around the world trade with Binomo. The broker provides great bonuses that can be withdrawn as real funds after a certain trading turnover.

best binary options brokers: Binomo investment

Official site: https://binomo.com
Year of foundation: 2014
Profitability: 80-90%, up to 92%
Expiration time: 30s – 1h
Minimum deposit: 10 $/€
Minimum trade: 1 $/€
Demo-account: $ 1000
Bonus: 20%-200%+
Platform versions: Web, App for iOS and Android.

4. Deriv (Binary.com)

Deriv (Binary com) is one of the oldest brokers to offer binary options trading. They started their activity back in 2000 (1999) and set trends for many companies. The broker has many types of binary and digital options, on which the profit can reach up to 2000%!

deriv (binary com) broker review

Official site: https://deriv.com
Year of foundation: 2000
Profitability: 80-90%, up to 2000% for some types of options
Expiration time: 30s – 1h
Minimum deposit: $ 5
Minimum trade: $ 0.5
Demo-account: $ 10 000
Bonus: N/A
Platform versions: Web, App for iOS and Android.

How to choose a broker to trade binary options

What are the main factors and how to choose the best broker to trade binary options?

  • Broker honesty, payment of funds, regulation – everyone understands that they trade binary options in order to earn money. If the broker is a scam and does not pay money, then all the work will be in vain.
  • No interference in trading by the broker.
    Imagine your surprise when you earned $ 2000 one day, and the next day you log in and see that your balance is practically zero? And such cases are not uncommon with scam brokers. This often happens when, out of inexperience, you entrust the trade to a company employee who promises huge profits. Good brokers will never offer this.
  • Real quotes, position opening speed. Your profit depends on it. If a binary options broker receives quotes from reputable liquidity providers, that is a big plus.
  • Broker foundation date. Usually, scammers do not work for more than 1-2 years (but there are exceptions). If a broker has been working for more than 5 years, this may indicate his honesty, but do not forget about other items on the list.
  • Reviews on the Internet. This factor is important if you know how to weed out false reviews, and there are most of them on the Internet. Often competitors try to lower the rating of other brokers in this way and add it to themselves.

Broker conditions and usability

So, once we are convinced that the chosen broker is not a scam, we can consider the trading conditions and convenience when using the trading platform – this is especially important for beginners.

  • Trading conditions. These are the minimum deposit, the minimum transaction amount, methods of deposit / withdrawal of money, commissions, the presence of a demo account, the number of assets, trading instruments, the availability of bonuses and tournaments, etc. This is all that the broker wants to show you why you should choose him to trade binary options.
  • Convenience of the trading platform, good technical support, multilingualism. The best binary options brokers design their trading platforms. For successful trading, it is important to have quick access to the desired asset and trading tools for analysis, as well as the ability to quickly open a deal in one click.
    The best brokers work in many countries around the world, so they have a multilingual platform and technical support.
  • Mobile trading app. To gain access to trading 24/7, you need a mobile trading application. The top brokers from the rating have their own mobile trading applications, which even have everything you need to conduct technical analysis.

Best binary option trading platform for begginers

Often traders are looking for the best binary options trading platform for begginers in 2021. For beginners, the broker and the trading platform have the same meaning, the purpose of which in this case is to enable them to trade binary options. However, there is of course a difference between them, but for the sake of simplicity, many use them interchangeably.

A trading platform is a system that accepts your buy / sell orders for a financial asset.

The rating compiled above also took into account trading platforms – their functionality, speed, convenience, etc. Therefore, the best binary options trading platforms are ranked in the same way as brokers.

Disclaimer: trading in the global market involves risks. it is strongly recommended to obtain a solid knowledge of the topic before you invest real money. Make sure you don’t pute more money at stake than you can afford and practice on the demo account to sharpen your skills.

You can also see the full comparison of IQ Option vs Olymp Trade vs Binomo.