TOP 5 Binary Options Brokers in Mozambique
Finding the right binary options broker in Mozambique is a very difficult task. In this country, binary options are completely legal because they are not regulated by law. This means that any broker can offer their services to Mozambique residents. A lot of brokers aren’t honest and it’s easy to get scammed. Therefore, we have compiled a list of recommended binary options brokers for Mozambique residents.
Quick Pick:
Best for Beginners: Pocket Option
Most Trusted: Binomo & IQ Option
Low Deposit: Binarium
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As you can see, there is a lot to choose from. Each listed broker 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 because it offers the highest returns in the industry, has multiple licenses and offers a great trading platform. However, if you care about functions such as copying traders or trading signals, choose Pocket Option. If you plan to spend most of your time trading mobile, choose Expert Option, which offers the best mobile app. If you need help in trading and would like to rely on trading signals, choose a Quotex broker. And if you are a complete beginner and are looking for a broker with the lowest possible initial deposit, choose Binarium.
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 in those times to allow advanced analysis of charts using analytical tools and indicators. Currently, over 100 million clients use the broker’s services. The main features of IQ Option are the highest returns in the industry and a modern transaction platform. There you will find an integrated economic calendar and many guides. IQ Option is not only binary options, but also crypto, CFDs, Stocks and ETFs. IQ Option has a very good mobile app that is available for both Android and iOS phones. If you are looking for a safe binary options broker that has 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
- Mozambique Traders: Accepted
If you open an account with this broker, you will receive a $10 000 demo account!
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 gives you access to everything in one. On the platform you will find tons of indicators and analytical tools, as well as trading signals, a trader copy function, bonuses, cashbacks, achievements and much more. The more you trade, deposit and withdraw, the more gems you earn, which you can exchange for bonuses, cashbacks and risk free trades. Pocket Option is IFMRRC certified, which means that the deposit you paid is safely stored, and the quality of services is at the highest possible level. If you are looking for an advanced binary options broker that offers great returns and the most features on the market, 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
- Mozambique 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 that was established in 2014 and in the first years of its activity was clearly inspired by IQ Option. Over time, brokers changed their target markets and Expert Option focused on developing its mobile app. Currently, the Expert Option app is considered one of the best on the market because it is light and offers many features. The browser version is great too – you’ll find a lot of analytical tools, a lot of guides and an integrated calendar. It is worth paying attention to the “Social Trading” function, which allows you to observe how other traders trade. Expert Option offers several account types depending on how much you deposit. We suggest you deposit at least $100 to get started for higher returns. If you are looking for a modern binary options broker with 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
- Mozambique Traders: Accepted
Quotex
Quotex is the youngest broker on our list. The broker was established in 2020 and is clearly inspired by Pocket Option. The trading platform is minimalistic, but modern at the same time, and offers access to many analytical tools and indicators. Quotex highly praises the function of trading signals, which, according to the broker’s performance, can be as high as 87%. The broker rewards active users on the platform by giving them achievements that motivate them to break their own records and constantly learn. It is worth mentioning that the Quotex broker does not have any regulations at the moment. I contacted Quotex representatives on this matter and received information that Quotex is applying for a certificate. If you are looking for a minimalist binary options broker with a light and efficient platform and great trading 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
- Mozambique Traders: Accepted
If you open an account with this broker, you will receive a 30% 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 a long time, Binarium offered average investment conditions and an outdated trading platform, but recently the broker has undergone a clear facelift. Binarium has caught up with the competition and in our opinion it is the best broker for beginners because it offers a minimum deposit from $ 5 and a lot of educational materials. In the “education” tab you will find many guides and a package of 20 ready-made strategies for beginners and more advanced traders. When opening an account, you can choose the default currency – if it is compatible with the currency of your bank account, you will save money on currency conversion during transfers. If you are looking for a simple binary options broker with a low minimum deposit and a lot of educational materials, 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
- Mozambique Traders: Accepted
Conclusion
As you can see, there is a lot to choose from. Each broker we have discussed has a free demo account that you can open by going to the broker’s website and then clicking “register”. To open an account, it is necessary to provide an email address and password. In some cases, you will be able to choose your default account currency. The deposit payment and trading do not require any unnecessary formalities. In fact, you can start trading in minutes! If you want to withdraw the money you earn, you will need to verify your identity and address. To confirm your identity, send a photo of your ID card or passport. All you need to do to confirm your address is to show your electricity bill or your bank statement. Account verification is required at every broker in the world because it protects against money laundering.
Is binary options trading legal in Mozambique?
Yes, binary options are legal in Mozambique. There are no regulations governing binary options in this country and this means that any broker can offer services in this country. Unfortunately, this is not safe because many unregulated brokers are dishonest and it is very easy to get scammed. Therefore, we suggest choosing one of the recommended brokers from our list dedicated to Mozambique residents.
How to choose binary options broker?
First of all, choose experienced brokers who have some kind of certification. Of course, just because the broker is new and not licensed does not mean that it is a fraud. In many countries (including Mozambique) binary options do not require any license, so many brokers do not have one. However, if you want to minimize the risk, open an account with a regulated broker with extensive experience.