Binary and digital options are only advertised and offered to professional traders. If you are not a professional trader, you can not trade binary and digital options. But you can trade forex and cryptocurrencies.

The best recommended and verified broker IQ Option

Broker Info Bonus Open Account
IQ Option USA Allowed No
Regulation: CySEC
Demo Account: Yes
Min Deposit: $ 10
Minimum Trade Amount: $ 1
FREE DEMO ACCOUNT Trade Now! Read Review
*in case of correct prediction

IQOption is one of the newer binary options brokers and it may be interesting especially to the more experienced traders, who want to try their newly built trading pattern. That’s because IQOption offers, apart from a completely free binary options demo trading mode, also different types of graphs, i.e. candlestick charts and lots of useful indicators ready to be customized.

However IQ Option’s also suitable for new traders, since their minimum deposit is 10 USD and the minimum trade amount is 1 USD. What other broker offers this? Not many. That’s why there’s over 17 000 000 active traders with this broker.

Other decent and fair brokers

Broker Bonus Min Deposit Minimum Trade Amount Payout Demo US Traders Allowed Review Open Account
IQ Option
Badge 1
FREE DEMO ACCOUNT $ 10 $ 1 Up to 91 %* Demo available Review Trade Now!
Olymp Trade
Badge 2
FREE DEMO ACCOUNT $ 10 $ 1 82 % for Standard, 90 % for VIP accounts* Demo available Review Trade Now!
Badge 3
$ 50 CASHBACK FOR NEW TRADERS $ 50 $ 10 Up to 100%* Demo available Review Trade Now!
Social trading features $ 50 $ 1 Up to 95 %* Review Trade Now!
$ 200 Customizable 50 % - 250 %* Review Trade Now!
*in case of correct prediction

You’ll find a list of all the best binary options brokers on this website. After clicking on the picture of the broker, you’ll see all the detailed information and reviews. In case you find any mistakes, please do let us know, we’ll greatly appreciate it. We are constantly trying to add more brokers that we all can trust.

You’ll find a list of all the best binary options brokers below. After clicking brokers‘ logo, you’ll see all the detailed information and reviews. In case you find any mistakes, please do let us know, we’ll greatly appreciate it. We are constantly trying to test and add more brokers that we all can trust.

A broker is, in the binary options world, a company that people trade with. First, a registration is needed. Afterwards, a client deposits money to their trading account and can start trading with real money. When client makes a profit, it can be withdrawn. Registration, money deposit or trying the demo mode (trading with test money) are all very easy. There are some brokers that have very easy-to-use platforms, so we also recommend them for the newcommers.

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All reviewed and recommended brokers were verified by depositing, trading with them and withdrawing earned funds through Skrill and/or wire transfer. We keep trading with some brokers, while we no longer cooperate with others. However, we have made deposits and traded with all listed brokers (usually at least twice a year) to evaluate their performance as good providers of binary option trade services.

The best brokers with whom we still trade are:

IQ Option Short Review

IQ Option is probably the best broker on the market right now. There are over 32 million traders, who have decided to trade with them. This makes them probably the biggest binary options broker ever.

If you’re new to the world of binary options, I recommend you to open an account with them. The minimum deposit is only 10 USD and you can make single trades with as little as 1 USD.

Also, they offer a free demo account, which means you can try trading and not risk a single dollar. You just use “test money” that you can’t withdraw. Other than that, trading on demo account does not differ from trading with real money.

Broker Info Bonus Demo US Traders Allowed Open Account
IQ Option
Payout: Up to 91 %*
Min Deposit: $ 10
FREE DEMO ACCOUNT Demo available Trade Now!

Read Review
*in case of correct prediction

OlympTrade Short Review

Even though we mentioned that IQ Option is the best, OlympTrade is very close. It’s a fairly new broker, also with Russian management, just like IQ Option. Olymp-Trade also offers a low deposit of only 10 USD and a free demo account. Their platform, however, looks way different. Open the review we have prepared for you and see for yourself!

Broker Info Bonus Demo US Traders Allowed Open Account
Olymp Trade
Payout: 82 % for Standard, 90 % for VIP accounts*
Min Deposit: $ 10
FREE DEMO ACCOUNT Demo available Trade Now!

Read Review

Other brokers

Other brokers than the ones mentioned above are proven by us and do obey all regulations, however we do not trade with them. This is mainly due to slightly lower performance of platforms, smaller feature set or simply a suboptimal trading experience.

Beware of bonus

Bonuses are free money which some binary option brokers try to impose on us. Prerequisite is that all withdrawn funds have to be wagered first. Wagering means having to trade multiple times the bonus value. So, if the bonus you receive is $ 500 and you are required to wager the bonus 40 times, you have to make trades for total value of $20 000 in order to be able to withdraw your bonus funds. This means having to make let’s say 100 trades $ 200 each.

Since December 2016, regulated brokers are no longer offering trading bonuses. If a broker does offer a bonus, it’s a sign that it’s not regulated and therefore, your money is not insured by the regulatory authority.

Identity verification

All brokers require some type of identity verification prior to the funds withdrawal. For example, HighLow requires a proof of identity even before initial funds are deposited. Other brokers require the proof before first withdrawal of funds. This proof consists of:

  • Identity verification (a scan of national ID, a passport or a driver’s license)
  • Proof of residence (a scan of energy bill, a bank statement or a credit card statement)
  • Credit card verification (a scan of you card, if a deposit is made with a credit card – you can hide the middle 8 numbers, of course)

You might ask yourselves what is the point of above procedure. Basically, if broker wants to be regulated, they need to have verified clients. Regulatory bodies such as CySEC require verifications to prevent money laundering or credit card thefts.

General Risk Warning:
The financial products offered by mentioned companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
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