TOP 5 Binary Options Brokers in Venezuela
Finding the perfect binary options broker in Venezuela is a very difficult task. In this country, binary options are very popular and completely legal. The problem is, there is no legal regulation of brokers. This leads to a situation where there are multiple platforms available in the market that can deceive the customer. Finding a broker is very difficult because if you don’t check the platform properly, you may end up on a scam. That’s why we’ve decided to compile a list of the best binary options brokers that accept Venezuelan clients.
Quick Pick:
Best for Beginners: Pocket Option
Most Trusted: Binomo & IQ Option
Low Deposit: Binarium
TOP 5 Binary Options Brokers | ||
Our Favorite | ||
As you can see, the choice is very large. Each of the brokers mentioned has been thoroughly checked by us, so you can be sure that you will not be scammed. In the vast majority of cases, IQ Option will be the best solution. However, if you are looking for a broker for mobile trading, we suggest you choose Expert Option. If you are interested in functions such as copying traders, signals and bonuses, choose Pocket Option. If you are a beginner trader and just starting your adventure with binary options, choose Binarium. If you are interested in high-quality trading signals, choose a Quotex broker that offers signals with an efficiency of up to 87%.
IQ Option
IQ Option is the most recognizable binary options broker in the world. The broker was established in 2013 and quickly gained popularity thanks to a modern trading platform, which was the first to offer access to advanced analytical tools. IQ Option offers the highest returns in the industry and multi-lingual support (including Spanish). IQ Option is considered one of the safest brokers on the market because it is regulated by 7 entities from around the world. If you are looking for a safe broker that offers a modern platform and the best returns in the industry, 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
- Venezuelan Traders: Accepted
Expert Option
Expert Option was established in 2014 and in the first years of its operation it competed intensively with IQ Option. Over time, brokers have changed their business model and focused on other markets. Expert Option has greatly developed its mobile app, which offers a lot of tools and a light and friendly design. Currently, the Expert Option app is considered to be the best app for trading binary options. The browser version is great as well. On the platform you will find signals and “Social Trading” which allows you to track how other traders invest. Expert Option has variable conditions depending on how much you deposit. Therefore, we suggest you deposit at least $100 to get started to get good returns. If you are looking for a broker that offers a great platform, high returns and the best mobile app on the market, 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
- Venezuelan Traders: Accepted
Pocket Option
Pocket Option was founded in 2017 and quickly gained popularity thanks to its modern platform. It is the only broker that offers all features in one place. On the platform you will find trading signals, copy traders, bonuses, cashbacks, risk free trades and much more. Pocket Option is currently the fastest growing binary options platform in the world. The broker is regulated by IFMRRC, which means that your money is kept safe and the broker provides the highest quality of services. If you are looking for a broker that offers a modern platform, high returns and a very large number of functions, choose Pocket Option.
- 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
- Venezuelan 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 established in 2012, but never gained the popularity IQ Option, Expert Option or Pocket Option. Binarium for a long time offered an outdated platform and average investment conditions. Recently, the platform has undergone a facelift and has caught up with the competition. In our opinion, Binarium is the best broker for beginners because it offers a minimum deposit from $5 and a rich “Education” tab, where you will find many guides and 20 ready-made strategies. You can choose your default currency when opening an account. If the currency of your account is the same as your bank account, you will save on commissions when paying by card. If you are looking for a broker with a modern platform, good returns and extensive educational background, 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
- Venezuelan Traders: Accepted
Quotex
Quotex is the youngest broker on our list. The platform was created in 2020 as an alternative to Pocket Option. The broker on its platform offers many analytical tools and an extensive database of indicators. In the “Market” tab you can buy risk free trades, cashbacks and bonuses. Just like the Pocket Option broker. In its promotional materials, Quotex boasts of its trading signals, the effectiveness of which reaches up to 87%. If you are looking for a broker that offers a small initial deposit (from just $ 5), a modern platform 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
- Venezuelan Traders: Accepted
If you open an account with this broker, you will receive a 30% deposit bonus!
Conclusion
As you can see, the choice is very large. Each of the brokers mentioned has been checked by us, and you can find full reviews on our website. Each broker also has a free demo account that you can open by going to the broker’s website and clicking the “register” button. You will need your email address and password to open an account. In some cases, you have the option to select your default account currency. The deposit and trading take place without any additional formalities. If you want to withdraw money, you will have to verify your identity and home address. To verify your identity, please send a photo of your ID card or passport. All you need to do to verify your home address is an electricity bill or a bank statement.
Is binary options trading legal in Venezuela?
Yes, binary options are perfectly legal in Venezuela. They are very popular in this country. The problem is that they are not regulated in any way, which means that it is very easy to find a dishonest broker. Therefore, do not register on the first better platform as you risk losing money. We have compiled a list of recommended platforms for Venezuela residents so that you can choose the best broker.