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Binary Options Brokers: Compare Binary Trading Platforms

Compare binary options brokers by promotion, regulation, minimum deposit and licence. Binary options are high-risk products and are banned for retail clients in several countries, so check the rules where you live before you trade.

★ Featured

Featured Binary Options Brokers

Binary brokers highlighted by our editors.

Broker comparison

Binary Options Brokers Compared

Binary Options Brokers Compared
BrokerPromotionRegulationMin. DepositOfficial Site
Hirose UK logoHirose UKFeatured 50% Deposit Bonus (Withdrawable); Free Signal & Indicators available; Deposit Fee Waiver … Authorized and regulated by the Labuan Financial Services Authority, FSA registration num… $20 Open AccountView Profile
Grand Capital logoGrand CapitalFeatured 444% Profit Receive for a Single Trade, Up to 200% deposit bonus Regulation in OTC Financial Instruments and Technologies (CRFIN) $10 Open AccountView Profile
Binary Brokerz logoBinary Brokerz Up to 150% Deposit Bonus and $50 No Deposit Bonus Applied for CySEC Regulation $250 Open AccountView Profile
24option logo24option 100%Welcome Deposit Bonus Cyprus Securities and Exchange Commission (Cyprus) $250 Open AccountView Profile
Stockpair logoStockpair 100% Welcome bonus Regulated by the Belize International Financial Services Commission $200 Open AccountView Profile
TopOption logoTopOption 100% Bonus on your first deposit Regulated by Cyprus Securities Exchange Commission (CySEC) $100 Open AccountView Profile
24winner logo24winner 100% Bonus up to $2500 on the first Deposit Regulated by the Cyprus Securities Exchange Commission (CySEC) $200 Open AccountView Profile
365trading logo365trading 100% Bonus on first deposit, minimum deposit only $50 — $50 Open AccountView Profile
Zoomtrader logoZoomtrader No — $200 Open AccountView Profile
ZoneOptions logoZoneOptions 2 First trades FREE for min. 500$ first deposit up to 80$ + up to 100% Bonus Regulated by the Cyprus Securities and Exchange Commission (CySEC) $200 Open AccountView Profile
No1Options logoNo1Options 100% Welcome Deposit We are in the process of Cysec regulation $100 Open AccountView Profile
eXbino logoeXbino $50 No Deposit Bonus and 100% Bonus Regulated and licensed by the government of Montenegro. our license no. is 0067 $200 Open AccountView Profile
Grow Binary logoGrow Binary Up to %100 Welcome Bonus Regulated by the Cyprus Securities and Exchange Commission (“CySEC”) as a CIF limited com… $100 Open AccountView Profile
HY Options logoHY Options Up to $10,000 Welcome Bonus Regulated by Cyprus Securities Exchange Commission (CySEC) $100 Open AccountView Profile
EveryOption logoEveryOption Welcome bonus depending on Deposit amount. Promo code through affiliate partner. Also, we… In process $250 Open AccountView Profile
CWOption logoCWOption $50 No deposit bonus high payout for vip accounts with free signals In process Yes Open AccountView Profile
Optitrade24 logoOptitrade24 yes yes $250 Open AccountView Profile
BullBinary logoBullBinary "One More Chance" Trades, Trading Tournaments CySec, License No: 210/13 $100 Open AccountView Profile
Direct FX logoDirect FX No ASIC, Australian Financial Services License number 305539 $100 Open AccountView Profile
OptionTrade logoOptionTrade 100% Cash Match Bonus, Regulated by Cyprus Securities Exchange Commission (CySEC) $200 Open AccountView Profile
GDMFX logoGDMFX 100% Welcome Deposit Bonus Financial Service Provider Register, FSP $20 Open AccountView Profile
Ayrex logoAyrexFeatured 30% Cancelable deposit bonus, $30 No deposit bonus, Ultra-fast demo contest with $3600 pr… n/a $25 Open AccountView Profile
Optionsclick logoOptionsclick 50% welcome Bonus FCA, Mifid, Bafin, Consob, AMF, Cysec $100 Open AccountView Profile
Banc De Binary logoBanc De Binary 3 Risk Free Trades Yes, CySEC license 188/13 $250 Open AccountView Profile
TradeThunder logoTradeThunder Yes 100% bonus without binding conditions None $20 Open AccountView Profile
BinaryBrokerZ logoBinaryBrokerZ up to 150% Welcome Bonus applied $250 Open AccountView Profile
CapoTrade logoCapoTrade Double Your Bonus CySEC, license number 210/13 $200 Open AccountView Profile
CBFinvest logoCBFinvest Demo account for practise; Deposit from 10$ Cyprus Securities and Exchange Commission (CySEC), license No 210/13 10 USD/EUR/GBP Open AccountView Profile
Options12 logoOptions12 100% Bonus on Your First Deposit n/a 250 USD Open AccountView Profile
Option Banque logoOption Banque Deposit Bonus Upto 400%. Account Insurance(100%). Risk Free Trades(100%). Cash Back On Tr… SVGFSA $50 Open AccountView Profile
Deray Options logoDeray Options $100 No Deposit Bonus offer and 20% Deposit Bonus Yes 250$ Open AccountView Profile
FerroFinance logoFerroFinance 55$ No deposit Bonus ; 100% deposit Bonus n/a 25$ Open AccountView Profile
expertoption logoexpertoption YES Regulated by FMRRC Certificate 0395 AA Vv0084 50$ Open AccountView Profile
expertoption logoexpertoption Up to 100% Deposit Bonus Regulated by FMRRC Certificate 0395 AA Vv0084 50$ Open AccountView Profile
FINMAX logoFINMAX Up to 100% Deposit Bonus and Risk Free Trade CROFR RU 0395 AA Vv0103 $10 Open AccountView Profile
HotOption logoHotOption 100% deposit bonus HotOption is regulated by IFSC (International Financial Services Commission) $5 Open AccountView Profile
23 Traders logo23 Traders Up to 100% Yes $250 Open AccountView Profile
Binomo logoBinomoFeatured Free options worth $150 No $5 Open AccountView Profile
Binarium logoBinarium 100% on the first deposit No $10 Open AccountView Profile
Optionfield logoOptionfield Yes. 100% bonus, risk-free trades No 100 USD Open AccountView Profile
Ayrex logoAyrex Yes yes (Reg. no: C44622) 5$ Open Account
AvalonOptions logoAvalonOptions 30% Cancelable deposit bonus, $30 No deposit bonus, Ultra-fast demo contest with $3600 pr… n/a $500 Open Account

How Binary Options Work

A binary option pays a fixed amount if your prediction is right at expiry, for example that EUR/USD will be higher in five minutes, and you lose your stake if it is wrong.

Because the payout is usually less than 100% of the stake, the odds favour the broker over time. Binary options are banned for retail clients in the EU, UK and Australia.

How to Open an Account With a Forex Broker

  1. Compare brokers in the table above and shortlist two or three that match your platform and budget.
  2. Read the full review using "View Profile" to check regulation, fees and bonus rules.
  3. Open a demo account to test execution, spreads and the mobile app.
  4. Verify your identity with a passport or ID and a proof of address.
  5. Fund your account or claim a no deposit bonus, then start with a small position size.

Minimum Deposit: How Much Do You Need?

Minimum deposits on this list range from $5 at HotOption up to $500 at AvalonOptions. If you want to test a broker without risking your own money, start with a forex no deposit bonus.

Binary Options Brokers: Frequently Asked Questions

Are binary options legal?

It depends on your country. They are banned for retail clients in the EU, UK and Australia.

What is the minimum deposit at a binary broker?

Many binary brokers accept deposits from $10 to $250.

Can I really make money with binary options?

Most retail traders lose money with binary options because the payout is lower than the risk.