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TOP 5 Binary Options brokers in Germany
In 2018, ESMA banned binary options in the European Union (including Germany). From now on, it is not possible to open an account with a broker based in the EU. If you want to invest in binary options as a citizen of Germany you need to look for an offshore broker. In this list, we have compiled a list of the best brokers that accept clients from Germany. Each of these platforms has been thoroughly checked and verified by us in terms of solvency.
Quick Pick:
Best Overall Broker: (Highly Recommended!)
Best Signals: (Recommended)
Best Broker for Beginners:
Best for VIP Traders:
Best Order Execution Broker: RaceOption
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From the list above, in my opinion, the choice should be between Pocket Option and Binarium. Pocket Option is a new platform that has become popular all over the world very quickly. The broker offers features such as trading signals, copying profitable traders and an attractive bonus system. Binarium is a much more experienced broker whose great advantage is the possibility of opening an account in Euro. Thanks to this, you will save money on currency conversion in the case of card transactions. I put RaceOption on the list mainly because it offers services in Germany, but in terms of the attractiveness of the offer, it cannot compete with Pocket Option and Binarium. The only thing that speaks for RaceOption is very fast order execution and 3 trades without risk.
Pocket Option
Pocket Option is a platform that was established in 2017 and very quickly won the hearts of traders around the world. The broker is characterized by a very modern trading platform, where you will find features such as copy traders, trading signals and a wide range of bonuses. Pocket Option offers very high returns of up to 95%, and the minimum expiry time is only 5 seconds.
The broker rewards the performance of users who deposit, trade, withdraw and break their own records. For every deposit you receive gems which you can exchange in the “Market” tab for cashbacks, risk free trades or bonuses. Trading with this broker is very rewarding and a lot of fun. If you are looking for a broker that has every functionality you want, Pocket Option is the platform for you.
- 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
- German Traders: Accepted
Deposit & Withdrawal
Pocket Option has the largest number of deposit and withdrawal methods available on our list. The broker focuses primarily on cryptocurrencies, but it is also possible to deposit using online wallets, cryptocurrencies and the Coinbase crypto wallet. Card transactions are carried out in various exotic currencies, which means that the bank will charge a commission for currency conversion. Such a commission is usually from 2% to 6%. Therefore, in the long run, I suggest using cryptocurrencies or Coinbase.
Cards: Visa, Mastercard
Crypto: Coinbase, Bitcoin, Litecoin, Pax, Stellar, Binance Coin, Etherium, Bitcoin Cash, Tether TRC-20, PAXOS Standard, USD Coin, DAI, Ripple, zCash, USDK, USD Tether, True USD
E-Wallets: WebMoney, Jeton, Perfect Money, AdvCash
If you open an account with this broker you will receive a 50% deposit bonus!
Binarium
Binarium is a very experienced binary options broker that was established in 2012. For some reason, the platform is not as popular as competitive brokers like IQ Option or Expert Option. We tested this broker and in our opinion it is the perfect broker for beginner traders who are taking their first steps in the world of binary options. Binarium has an extensive “education” tab, where you will find a lot of guides and 20 ready-to-use strategies. It is worth mentioning that the minimum deposit with this broker is just $5. If the Pocket Option minimum deposit ($50) is too much for you, Binarium is a good solution.
The broker allows you to open an account by selecting one of the 15 available currencies. Living in Germany, I assume that your main bank account is in Euro – if you decide to open an account with this broker, you can choose your currency as the default one, and thanks to this, each card transaction will take place without any currency conversion commission.
- Regulation: None
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 85% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- German Traders: Accepted
Deposit & Withdrawals
Binarium, like Pocket Option, offers the possibility of making a deposit using a card, online wallets and cryptocurrencies. The choice is a bit smaller, but I think it is perfectly adequate for most people. All popular internet wallets are available. If during registration you choose the same account currency as your bank account, you will not pay any currency conversion commission when paying the deposit. This is definitely a very big advantage.
Cards: Visa, Mastercard
Crypto: Bitcoin, Etherium, Litecoin, Ripple
E-Wallets: Webmoney, PerfectMoney, SticPay, FKWallet
RaceOption
RaceOption is a binary options platform that works in the old fashioned way. The broker offers a very easy-to-use platform with good returns, but few tools for configuration and chart analysis. The minimum deposit with this broker is $250. In my opinion, this is too much considering competing platforms. However, it should be remembered that the main target for this broker are rich countries such as the United States, Canada, Switzerland and Germany. Due to the fact that the competition in these countries is small, the broker can set the conditions he likes.
It is worth noting that if you decide to make a deposit over $1000, you will receive 3 trades without risk. Remember to contact support after paying the deposit and express your willingness to take advantage of this promotion. RaceOption has better order execution than Pocket Option and Binarium. This is most likely due to a lightweight platform.
- Regulation: None
- Minimum Deposit: $250
- Minimum Trade: $1
- Bonus: 20-50%
- Payouts: 85% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: No
- Withdrawal Processing: 1 Hour
- Demo Account: Yes
- German Traders Accepted
Deposit & Withdrawals
RaceOption, unlike Pocket Option and Binarium, does not offer the option of depositing using online wallets. In my opinion, this is a big disadvantage because many traders use online wallets. It is possible to pay with a card (5% commission). If you decide to make a deposit using Bitcoin, you will receive an additional 5% bonus.
Cards: Visa, Mastercard (5% Fee)
Crypto: Bitcoin (5% Bonus), Altcoins, Stablecoins, Tether
Best Binary Options brokers in Germany – Conclusion
The ban on binary options in Europe has meant that anyone who wants to invest in binary options has to resort to offshore brokers. Unfortunately, this carries a much higher risk of fraud. All platforms we have selected for this list have been thoroughly checked by us, and you can find full reviews on our website. When choosing a binary options broker, you should first of all be guided by the regulation, the broker’s experience and the amount of returns. In our opinion, this ranking is won by Pocket Option, and Binarium is just behind it. Regardless of which platform you choose, you will surely be satisfied.
Are binary options legal in Germany?
In 2018, binary options were banned in the European Union (including Germany). This means that no broker with an EU license or headquarters in the territory of the EU can offer binary options. If you want to invest in binary options as a citizen of Germany you need to find an offshore broker. Our list includes the top 3 brokers who meet this condition and accept clients from Germany.
How does prohibiting binary options affect German clients?
In practice, the binary options ban does not improve the situation or the security of German traders. Anyone interested in binary options must look for an offshore broker that will not be properly licensed. And this is why there are so many brokers who cheat. Of course, you as a client have the right to register with any broker on Earth and you are not breaking the law.