Brokers

TradersAsset’s Top Binary Brokers for 2022

A single regulator cannot govern the global Forex and Binary Options industries, however, the increased popularity of online trading has led to the creation of a number of localised regulatory bodies. These localised regulators’ primary objective is to protect online traders from within their regulated borders by providing a local watchdog that will oversee best practices by brokers. The advances and accessibility of technology in recent years has meant that there are many brokers for recreational traders to choose from.

Many offer user-friendly trading platforms and numerous other tempting benefits. So, can a trader use any one of these brokers to trade with? The short answer is no. There are still some restrictions from countries such as the USA, which have imposed strict regulatory requirements for brokers to accept US-based traders. There’s nothing more annoying than reading all about a broker, and going to their page only to be told that traders from your country will not be accepted, therefore we’ve done the research and presented the best brokers available for you to trade with.

Top Binary Option Brokers

No. Broker Min Deposit Regulated Max Payout Read More
1. $250 No 90%

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2. $10 Yes 95%

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3. $250 No 95%

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Our recommended brokers are regulated or tested and approved for each territory listed below. Simply find the territory that you’re from and click through. You will then be presented with a number of brokers that are tested and approved for you. The rest is as easy as three simple steps: Choose a Broker, Sign up, and Trade.

Recommended Brokers for US Traders

US FlagThe National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) regulate all online trading activity in the US, including the Binary Options market. It isn’t illegal for approved Binary Options brokers to accept US traders, but any disputes between traders and brokers tend to be resolved and have led to substantial prosecutions for unscrupulous brokers. In some cases, this has meant hefty penalties and fines. These restrictions have led to two distinct groups of Binary Options brokers that accept US traders. The first are offshore brokers that tend to be unregulated. The second group are brokers that are regulated by the aforementioned US regulatory bodies.

The majority of brokers will provide a faultless trading experience, but the only way to be sure of this is to research a broker before trading with them. We’ve made this process easy for you by researching, testing, reviewing and now presenting the best US-friendly brokers to trade with.

Recommended Brokers for UK Traders

UK FlagUK traders have the best of both worlds. They are allowed to trade with any online brokers but the best are regulated by the UK’s very own, Financial Conduct Association (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

These are by far the most predominant licenses held by online Binary Options brokers, therefore it is highly likely that UK traders will be able to choose a broker regulated within Europe.

UK traders have the freedom of choice to trade with almost any brokers, therefore both offshore brokers and regulated brokers can seem appealing. We always recommend traders research the best brokers available before investing with them. We understand that this research process can be a long and arduous one, therefore we’ve tested and reviewed the very best UK brokers for you and present them to you.

Recommended brokers for Australian Traders

Australian FlagBinary Options trading is popular with Australian traders, however, Binary Options trading was illegal within Australia unless brokers were approved by the Australian Securities and Investments Commission (ASIC).

The increasing popularity of this form of online trading, unfortunately, led to the ASIC offering supervisory services to this sector, eventually banning the sale of binary options to retail clients in April 2021. We encourage traders to check the ASIC website for regular updates and select a regulated broker that provides services to Australian retail investors.

Recommended Brokers for Canadian Traders

Canadian FlagOnline trading is allowed in Canada. Each of Canada’s 10 provinces had it’s own regulator for real world trading, but there was no overall watchdog for online trading compliance, regulation or licensing. The closest they had was the Investment Industry Regulatory Organisation of Canada (IIROC). That is, until mid-2017, when the Canadian Securities Administrators (CSA), formed. This offered online trading companies a harmonised approach to Canadian regulation, but unfortunately, also led to the banning of binary options products altogether just a few months later.

Recommended Brokers for European Traders

European FlagEuropean traders are some of the most fortunate when it comes to the world of online trading. The Cyprus Securities and Exchange Commission (CySEC) was one of the first to recognise and regulate Binary Options brokers.

Their regulatory process included the Markets in Financial Instruments Directive (MiFID & MiFID 2), which states that those brokers licensed by CySEC may accept traders from all member states of the European Economic Area. This allows all CySEC regulated brokers to accept traders from all European countries.

CySEC is the predominant regulatory body for Binary Options, therefore European traders have a multitude of regulated choices here. European traders also have no specific restrictions on trading with offshore brokers, which means that the world’s Binary Options marketplace is an “open floor” with a multitude of choices for European traders.

As always, we research, test and review brokers for you. We have done the hard work for you, however, we also recommend that you conduct your own further due diligence and research all brokers before trading with them.