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TOP 4 Binary Options brokers for Beginners
Finding the right binary options broker for beginners is not an easy task. There are many brokers on the market who offer functions that are simply unnecessary for beginners, and thus complicate the start of the adventure with binary options. In this article, I will introduce you to 3 brokers who are characterized by a small initial deposit, have extensive educational facilities and offer an intuitive and easy-to-use trading platform.
Quick Pick:
Best for Beginners: Expert Option
Best Trading Conditions:
Alternative for Beginners:
 | The platform was founded in 2014 and has made traders around the world fall in love with it. Just to remind you that in 2014, the option brokers were just getting started and the trading platforms were very simple and did not contain too many indicators. Then suddenly Expert Option came along and changed the rules of the game. The trading platform of this broker is simple and transparent. Expert Option offers access to over 100 different assets, dozens of advanced indicators and a very smooth platform that is available both in the browser and for Android and iOS phones. Maximum Profit: 90% Min. Deposit: $50 Min. Trade: $1 Assets: CFDs, Forex, Indices, Stocks, Commodities Platform: Web, Windos, MacOS, Android, iOS | Visit Broker |
 | It is a binary options broker that was founded in 2013. It is one of the most experienced platforms on the market, offering access to binary options, forex, cryptocurrencies, commodities, ETFs and stocks. IQ Option is recognized as one of the most innovative brokers on the market. The broker offers an incredibly modern platform, lots of indicators and guides for beginner traders. Maximum Profit: 98% Min. Deposit: $10 Min. Trade: $1 Assets: Crypto, Commodities, Stocks, and Currency Pairs Platform: Web, Android, iOS, MacOS & Windows | Visit Broker |
 | Binarium is a binary options broker that was established in 2012 as an alternative to such giants as IQ Option and Expert Option. The broker offers a very modern trading platform and high returns on investment. Maximum Profit: 95% Min. Deposit: $5 Min. Trade: $1 Assets: CFDs, Forex, Indices, Stocks, Commodities Platform: Web | Visit Broker |
 | Quotex is a newly established binary options platform registered with Maxbit LLC based in First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines. The broker is characterized by a very modern trading platform offering a multitude of tools and instant execution of orders. Maximum Profit: 90% Min. Deposit: $10 Min. Trade: $0.1 Assets: CFDs, Forex, and Options Platform: Web | Visit Broker |
As you can see, the choice is quite large. Each of these platforms offers a free demo account and a low initial deposit that allows anyone to start their adventure with binary options. The most recognizable platforms in this list are IQ Option and Expert Option, but you have to remember that these brokers are not available in Europe, UK and the United States. If you live in one of the regions mentioned above, choose alternative platforms such as Binarium and Quotex.
Expert Option
This broker needs no introduction. It is a platform that was established in 2014 and quickly gained popularity thanks to its innovative approach to trading. At a time when brokers only offered simple charts and “CALL” and “PUT” buttons, Expert Option built an ultra-modern platform containing dozens of indicators and chart analysis tools. Expert Option has an extensive “Education” tab, which contains many guides on technical and fundamental analysis, trading psychology and graphic analysis. The broker also provides 17 ready-made strategies and the minimum deposit is just $10. This makes Expert Option an affordable broker for anyone interested. Please note that Expert Option is not available in all countries. Below is a list of excluded countries:
Excluded Countries: USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, North Korea, Puerto Rico, Singapore, Indonesia, Russia, Iran and Yemen.
- Regulation: No
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: None
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- EEA, US, UK Traders Accepted: Not Accepted
Deposit & Withdrawal
Expert Option is the only broker on our list that allows you to deposit money via bank transfer and using the PayPal wallet. If these payment methods are important to you, and Expert Option provides services in your country, this is a big part of this platform.
Cards: Visa, Mastercard, Maestro
Bank: Wire transfer
E-Wallets: WebMoney, PayPal, Qiwi, Yandex Money, Neteller, Skrill, UnionPay, PM, FasaPay, ePayments, EO Finace
IQ Option
IQ Option is the most recognizable binary options platform all over the world. Over 100 million clients use the broker’s services, and the feature that distinguishes this platform is the highest average returns in the industry. IQ Option invests a lot of money in educating traders, and as a result, on the platform you will find many video guides on the operation of investment instruments, indicators, and even ready-made strategies dedicated to beginner traders. Market analyzes prepared by experts are published daily to help you analyze trends.
IQ Option is considered to be the most secure binary options broker in the world. All thanks to over 7 regulations that the platform has obtained since 2013. Unfortunately, due to regulations, there are also restrictions – binary options are not available in the countries listed below:
Excluded Countries: USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, North Korea, Puerto Rico, Singapore, Indonesia, Russia, Iran and Yemen.
- Regulation: Yes, CySEC, FCA, CONSOB, REGAFI, AFM, CNB, CNMV
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: None
- Payouts: 98% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- USA, UK & European Traders: Not Accepted
Deposit & Withdrawal
IQ Option is a broker that selects payment methods very carefully depending on which country you live in. Below is a list of the most common methods, but be aware that there may be more or less methods in your country.
Cards: Visa, Mastercard
Bank Transfer: Sofort / Klarna, Bank Transfer
E-Wallets: Skrill, Neteller
Binarium
Binarium is the first broker on our list that accepts clients from all over the world. If IQ Option and Expert Option do not provide services in your country, Binarium will be a good alternative. It is a broker that was launched in 2012, but has never gained as much popularity as the aforementioned platforms. The broker has a very low initial deposit of just $5. In the “Education” tab, you will find 20 ready-made strategies and a detailed description of each functionality on the platform. Everything is available in both text and video versions.
If you decide to become a VIP client (Deposit from $ 5000), you will get access to the Trading Room, where your account manager will individually teach you how to trade and show you the way of development.
Excluded Countries: None
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: Up to 100%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- US and UK Traders: Accepted
Deposit & Withdrawals
Due to the fact that Binarium is not regulated, it is possible to deposit using cryptocurrencies. If you prefer more standard methods of depositing or withdrawing funds, internet wallets and payment cards are also available.
Cards: Visa, Mastercard
E-Wallets: WebMoney, Perfect Money, SticPay, FKWallet
Crypto: Bitcoin, Etherium, Litecoin, Ripple
Quotex
Quotex is a relatively new platform that was established in 2020. According to Trustpilot, the broker has the highest rating of any broker in the binary options industry and is loved by traders. I recommend this broker mainly because of the minimalistic platform that is perfect for a beginner trader. Quotex offers trading signals which, according to its assurances, are as high as 87%. In addition, the broker offers numerous bonuses, including cashbacks and risk free trades.
This means you can open a position and you will lose money if you lose. If you win, the money is yours – you risk nothing. Cashback allows you to receive a percentage of the lost money every month. The broker is available worldwide.
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: 100%
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- US and UK Traders: Accepted.
Deposit & Withdrawal
Quotex focuses primarily on cryptocurrencies because it is the cheapest form of depositing and withdrawing funds. If you decide to pay by card or using online wallets, a commission of several percent will be charged.
Cards: Visa / Mastercard
E-Wallets: Perfect Money, Piastrix
Crypto: Coinbase, Bitcoin, Bitcoin Cash, USD Tether, Binance Coin, Etherium, Litecoin, Dash, Dogecoin, Solana, Moreno, zCash, Shiba Inu
Best Binary Options Brokers for Beginners – Conclusion
The choice of binary options brokers is very large. A novice trader often doesn’t know what to decide. Hope you find the above list useful. If you still do not know what you should follow, pay attention to the amount of returns and regulation. The higher the returns, the smaller the advantage of the broker over the client, and thus it is easier to earn money. Regulation gives you a guarantee that the broker is safe and in the event of a fraud attempt, the regulator will pay you back the lost money. Of course, all platforms on the list (even those without regulation) are checked by us and are as solvent as possible.
Some brokers do not need regulation because they are based in countries that do not require a proper certification. Having a large amount of regulation prevents brokers from accessing markets such as Europe, UK or the United States. Therefore, many platforms choose not to apply for regulation because it is not profitable for business.
How do binary options brokers make money?
Each binary options broker in the world is a so-called Market Maker. This means that brokers do not place your orders directly on the market. The entire transaction takes place within the broker’s trading platform. Therefore, no matter how large a position you open, you have no chance to influence the price movement. Trading with Market Maker may be risky because the broker is your opponent and if you make a profit, the broker loses. If you lose, the broker will earn. Therefore, it will never be in the broker’s best interest that you earn money.
Which binary options broker is the best?
Unfortunately, there is no specific answer to this question. It all depends on where you live, what deposit you want to make and what is your level of advancement. For beginners, we recommend primarily regulated brokers who have a low initial deposit. If you are more experienced and aware of how the binary options industry works, you can choose an unregulated broker and get access to features that are not offered by regulated platforms. Some brokers offer account types that, depending on the size of the deposit, offer better investment conditions. Professionals should make as much deposit as possible because they will then have the best possible trading conditions.
How to create a binary options strategy?
A suitable binary options strategy should mainly consist of a signal indicator and a filter indicator. In addition, proper capital management and not taking excessive risk are key. Remember that binary options is not a money-making machine, but an investment instrument that requires knowledge and time.