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TOP 5 Best Binary Options Brokers in Pakistan
Choosing a binary options broker in Pakistan is a very difficult task. In this country, binary options are completely legal, but unfortunately no organization regulates brokers. This leads to a situation where there are tons of brokers on the market, but you never know if the platform is fair or not. That is why we decided to prepare a ranking of the best binary options brokers that accept Pakistani clients. We took into account factors such as platform credibility, initial deposit, demo account and returns.
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As you can see, the list of brokers is quite extensive. The truth is, I could put another 4 brokers on this roster, but I found it best to focus on the best platforms. If you care about the highest returns and credibility, choose IQ Option. If you are looking for the best mobile application, choose Expert Option. If your goal is to choose the broker with the most features then choose Pocket Option. If you plan to make a large deposit, choose Binomo because it offers the best conditions for VIP Traders. If none of the listed brokers suit you, choose Olymp Trade or Quotex due to the modern and light trading platform.
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
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Pakistani Traders: Accepted
Expert Option
Expert Option was established in 2014 and from the very beginning it was the main competitor to IQ Option. Expert Option, however, focused on mobile trading, and the app of this broker is considered the best in the industry. Of course, the desktop and browser versions are not great either, but it’s hard to find a broker with a poorly developed platform these days. Expert Option offers very good investment returns that vary depending on what type of account you have. The more deposit you make, the better conditions you will get. Theoretically, the minimum deposit is just $ 10, but if you were you, I’d be depositing anywhere from $ 50 to $ 100 to get you started.
- Regulation: No
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: None
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Pakistani Traders Accepted
Pocket Option
Pocket Option is a relatively new broker on our list. The platform was established in 2017 and instantly won the hearts of traders around the world. Pocket Option has a multitude of features and if you are looking for an all-in-one broker this is the platform for you. At the broker you will find functions such as copying traders, trading signals, an attractive bonus offer, and even automation of trading with the help of the bot. The minimum deposit is just $ 50, which makes Pocket Option one of the most attractive places to trade binary options.
- 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
- Pakistani Traders: Accepted
If you open an account with this broker, you will receive a 50% deposit bonus.
Olymp Trade
Olymp Trade is a broker that is very popular in the Asian market. The broker is characterized by a modern and minimalist trading platform. The broker has won several awards in recent years for its platform and modern approach to trading. By opening an account with this broker, you get access to Risk Free Trades, and the manager will prompt you in Trading. Olymp Trade also offers a specific approach to bonuses – if you deposit $100 and receive a $50 bonus, you can withdraw the amount you deposited at any time. With other brokers, turnover is required to withdraw money.
It is worth noting that Olymp Trade offers variable conditions depending on how much you deposit. The minimum deposit is $ 10 but you will get very average investment terms. Silver account starts at $500 and VIP starts at $2000. If I were you, I would deposit over $500 to receive higher returns.
- 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
- Pakistani Traders: Accepted
Binomo
Binomo is the only binary options broker to be a Category A member of the International Finance Committee. Thanks to this, you have a guarantee that the broker offers you the highest quality services and takes care of the safe storage of funds. The broker has a light and modern trading platform where you will find signals and a large number of contests. Tournaments are the hallmark of Binomo as it can win high cash prizes. Binomo has a rating of 4.5 on Trustpilot which means that the broker is loved by customers.
Binomo, like Expert Option and Olymp Trade, offers variable conditions depending on the size of the deposit. If you deposit $ 1000 you will become a VIP customer and get access to an account manager, weekly cashbacks, special offers such as bonuses up to 200%, private VIP Tournaments and Risk Free Trades.
- 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
- Pakistani Traders: Accepted
Quotex
Quotex is a very young binary options platform that was established in 2020 as a competitor to Pocket Option. The broker boasts a lot about the function of trading signals, which are effective up to 87%. The minimum deposit with this broker is just $5 and the investment conditions are the same no matter how much you deposit. This makes the broker one of the best platforms for beginner traders. If you open an account with this broker, you will receive a 30% welcome bonus on your first deposit.
In the “Market” tab you can buy or use promo codes that will allow you to claim risk free trades, cashbacks desposit bonus and much more.
- 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
- Pakistani Traders: Accepted
If you open an account with this broker, you will receive a 30% deposit bonus.
Best Binary Options Brokers in Pakistan – Conculsion
As you can see, the choice is very wide. I believe that 99% of the time you should choose IQ Option, Expert Option or Pocket Option. If for some reason these platforms are not suitable for you, Olymp Trade, Binomo and Quotex will be good alternatives. Each of the platforms presented in this overview has a free demo account that you can open by clicking on the green button under the broker overview. With Expert Option, no registration is even required.
Are binary options legal in Pakistan?
Under the law, what is not prohibited is perfectly legal. This is true for binary options in Pakistan. Lack of regulation means that every broker can provide services in this country, and this causes many scammers to appear on the market who want to take advantage of people’s ignorance. Therefore, choosing a broker in this country is not easy because you can easily fall into a dishonest broker. That’s why we encourage you to check out our list of recommended brokers for Pakistani clients.
UPDATE: Are Binary Options still legal in 2023?
One question that often arises when it comes to binary options is whether they are legal in Pakistan. Well, I have good news for you! In 2023, binary options are completely legal and regulated in Pakistan.
The Securities and Exchange Commission of Pakistan (SECP) has put in place regulations to protect investors and ensure a fair trading environment. This means that traders can confidently participate in binary options trading without any legal concerns.
With the increasing popularity of binary options as a financial instrument, it’s important for traders to feel secure and protected. The regulatory framework implemented by SECP ensures transparency and accountability within the industry.
As with any form of investment, it’s crucial to do your due diligence before engaging in binary options trading. Understanding the risks involved and having a sound strategy will help you make informed decisions and maximize your chances of success.
So if you’re based in Pakistan and interested in exploring the world of binary options trading, rest assured that it is legal and regulated here. Take advantage of this opportunity to diversify your investment portfolio and potentially achieve profitable returns.
Remember, always trade responsibly and consult with a professional financial advisor if needed. Happy trading!