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TOP 5 Binary Options Brokers in Guatemala
Finding the right binary options broker in Guatemala is a very difficult task. In this country, binary options are completely legal, but they are not protected by any law. This means that any company that wants to be able to offer binary options in this country. As you can probably guess, this leads to a situation where there are many brokers of dubious quality on the market. That’s why we’ve decided to compile a list of the best binary options brokers that accept Guatemalan clients.
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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 choice. However, if you are looking for a broker that offers great trading signals with an efficiency of up to 87%, choose Quotex. If you are interested in functions such as copying traders, trading signals or bonuses, choose Pocket Option. If you plan to make a larger deposit (over $ 1000), choose Binomo because this broker offers the best conditions for VIP clients. And if you are a complete beginner and are looking for a simple platform with a low minimum deposit and extensive educational background, choose Binarium.
IQ Option
IQ Option is one of the most recognizable binary options brokers on the market. The broker was founded in 2013 and quickly gained popularity thanks to its trading platform, which was the first to offer numerous indicators, professional analytical tools and an integrated economic calendar. Currently, over 100 million clients use the broker’s services. IQ Option is renowned for the highest returns in the industry and a high level of security. IQ Option is not only binary options but also CFDs on: Forex, Crypto, ETFs, stocks and digital options. IQ Option doesn’t offer bonuses, signals or copy traders. If you are looking for a trustworthy binary options broker with a modern platform and one of the highest returns in the industry, choose IQ Option.
- 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
- Guatemalan Traders: Accepted
If you open an account with this broker, you will receive a $10 000 demo account!
Quotex
Quotex is the youngest broker on our list. The broker was established in 2020 and offers a modern platform that gives access to many indicators and analytical tools. You have the ability to analyze price rates with the help of drawing tools. The great advantage of the Quotex broker are trading signals, which have an efficiency of up to 87%. On the platform you will find the “Market” tab, which allows you to buy risk free trades, bonuses and cashbacks. The user is rewarded with achievements for being active on the platform. Quotex effectively encourages breaking personal records. Unfortunately, the disadvantage of the broker is the lack of any regulation. Of course, this does not mean that the broker is a fraud, but it would be appropriate to take care of a certificate. In our tests, the platform turned out great and we can recommend it. If you are looking for a binary options broker that offers great trading signals and an easy-to-use platform, 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
- Guatemalan Traders: Accepted
If you open an account with this broker, you will receive a 30% deposit bonus!
Pocket Option
Pocket Option is an advanced binary options broker that was established in 2017 and quickly gained popularity thanks to its platform, which is the only one on the market that offers everything in one. On the platform you will find the possibility of copying traders, trading signals, bonuses, cashbacks, achievements and much more. 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. Pocket Option is IFMRRC certified, which means that the deposit you paid is completely safe, and the quality of services is at the highest level. If you are looking for a safe and advanced binary options broker with great returns, choose Pocket Option. It is our number one in many countries around the world.
- 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
- Guatemalan Traders: Accepted
If you open an account with this broker, you will receive a 50% deposit bonus!
Expert Option
Expert Option is a modern binary options broker, which was established in 2014 and in the first years of its activity it competed intensively with IQ Option. Over time, the brokers focused on other target markets and Expert Option started developing its mobile app. Currently, Expert Option is recognized as the best binary options broker for mobile trading. The app is lightweight and packed with features. The browser version also looks modern and provides many tools for technical and fundamental analysis. The broker offers access to the “Education” tab, where you will find many guides and several ready-made strategies. It is worth mentioning that Expert Option offers variable investment conditions depending on how large the deposit you make. Therefore, we suggest you make a minimum deposit of $ 100 to get good terms. If you are looking for a modern binary options broker that offers high returns (slightly lower than IQ Option) 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
- Guatemalan Traders: Accepted
Binarium
Binarium is the oldest broker on our list. The broker was founded in 2012 but has never gained the popularity IQ Option, Expert Option or Pocket Option. Binarium offered an outdated trading platform and average investment conditions for a long time. Recently, the broker has undergone a significant facelift and has significantly caught up with the competition. In our opinion, it is the best broker for beginner traders because it offers access to the rich “Education” tab, where you will find many guides and 20 ready-made strategies. A mini-deposit with this broker is only $5. When opening an account, you can choose a default currency – we suggest that the default currency matches the currency of your bank account. Thanks to this, you will save on currency conversion fees for transfers. If you are looking for a broker with an easy-to-use platform and a low minimum deposit, choose Biniarium.
- 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
- Guatemalan Traders: Accepted
Conclusion
As you can see, the choice of binary options brokers in Guatemala is very large. Each platform on the list has been thoroughly checked by us. All brokers have a free demo account that you can open by going to the broker’s website and clicking the “register” button. To open an account, an email address and password are required. In some cases, you will be able to choose your default account currency. The payment of the deposit and trading does not require any additional formalities. If you want to withdraw the money you earn, it will be necessary to verify your account by confirming your identity and address. To confirm your identity, please send a photo of your ID card or passport. A photo of the electricity bill or bank statement is enough to confirm the address. Verification is necessary with every broker because it protects against money laundering.
Is binary options trading legal in Guatemala?
Yes, binary options are perfectly legal in Guatemala. Unfortunately, in this country binary options do not have any regulation, which means that anyone who wants to offer binary options can do so without any legal restrictions or controls. Therefore, it is very easy to get cheated by choosing a dishonest broker. That is why we have prepared a list of recommended brokers for Guatemalans.