Review of 24option, a Regulated CFD Broker

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24option Review 2020

24option is a regulated online broker offering a variety of trading instruments across multiple asset classes with convenient trading platforms but limited in terms of trading tools and educational materials when compared to other online brokers.

24option Review 2020, Pros & Cons
  • Regulated
  • Segregated client funds
  • Investor Compensation Fund (ICF)
  • Commission free accounts
  • Trading central
  • Webinars
  • No US clients
  • Restricted leverage for non-professional clients
  • Limited educational material
  • Limited trading tools

In this detailed 24option review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

24option is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including 24option.

24option Review: Summary

24option is an online broker offering all levels of traders intuitive and user-friendly trading platforms that incorporate the latest technologies for trading on multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, ETFs & CFDs.

Alongside the ability to trade various markets around the clock, 24option also provide clients an array of additional services including trading tools, market analysis, educational materials, dedicated 24/5 customer support and more.

Founded in 2009, 24option are a regulated broker that are committed to operating with the upmost integrity and providing the same level of service regardless of your experience or investment size.

24option Review: Regulation

24option in Europe is operated by Rodeler Limited who are an investment firm that are authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 207/13.

The international offering of 24option is operated by Richfield Capital Limited who are a Belize investment firm that are authorised and regulated by the International Financial Services Commission (IFSC) of Belize with license number IFSC/60/440/TS/18.

Rodeler Limited and Richfield Capital Limited belong to the same company group and operate under the “24option” brand.

Due to European Securities and Markets Authority (ESMA) rules, clients in Europe have limited leverage, a specific margin close out rule, restrictions on trading benefits and some other limitations. These limitations may not apply for those who qualify as a professional client.

24option keep client funds in segregated accounts separate from the company funds to ensure they are not used for anything else such as running costs. The Investor Compensation Fund (ICF) is available from the European company regulated by CySEC and can compensate traders up to €20,000 if the broker is unable to meet its financial obligations.

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24option Review: Countries

24option accepts traders from most countries excluding Belgium, Iran, China, Bosnia And Herzegovina, Israel, France, Japan, Australia, Canada, United States, India, Nigeria, Brazil, Switzerland and some others where there are strict restrictions in place.

Some 24option broker features and products mentioned within this 24option review may not be available to traders from specific countries due to legal restrictions.

24option Review: Trading Platforms

24option offer traders access to the financial markets through their own advanced web-based trading platform and the popular MetaTrader 4 (MT4) platform. The platforms are protected by a Secured Socket Layer (SSL) provided by Comodo CA Ltd which encrypts all data during transmission over the internet to protect user information.

MetaTrader 4 (MT4)

MT4 is widely used by traders across the globe and is known for its intuitive user interface and built in trading tools for efficient trading and chart analysis for all levels of trader.

MT4 features include multiple order types, multiple chart timeframes, 50+ technical indicators, automated trading, strategy templates, marketplace and online community.

MT4 was developed by Russian company MetaQuotes and is available in multiple languages for desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

24option Review: MetaTrader 4 (MT4) Trading Platform

24option Web Platform

24option have their own proprietary trading platform where users can access and trade all of the available CFD instruments such as Forex, Stocks, Commodities and Indices. The platform runs in most popular web browsers and therefore does not require downloading or installing any additional software. It is very user friendly with a simple layout giving a clean clutter free trading environment.

24option Review: Trading Platform

You can select instruments from different asset classes using the window on the left-hand side. This will load up a chart window of the selected instrument which can be displayed as 6 different chart types (Candlesticks, HeikinAshi, Hlc, Line, Dots and Area Charts) and 8 timeframes from 1 minute to 1 month. Users can conveniently place orders by simply entering the desired lot size and using the buy/sell buttons. You can save a list of your favourite assets to easily have access to them.

There are objects and technical indicators that can easily be placed on the charts for conducting analysis and finding potential trading opportunities. Amongst the 90+ technical indicators are some of the most popular such as MACD, moving average, Bollinger Bands, Pivot Points, Ichimoku Clouds, etc.

The platform also has a built-in economic calendar which displays the latest financial news releases with dates, impact rating, country and previous/forecasted/actual results. This is often used to keep up to date with latest market movements and as part of a fundamental analysis.

24option Review: Trading Platform Economic Calendar

24option Mobile Platform

24option also offer their exclusive platform as a mobile application for download on both Android and iOS devices. It has a very clean and simple interface making it user friendly. The mobile platform is convenient for those who with to access their account and trade on the go from anywhere in the world where there is an internet connection.

The 24option app maintains the same functionality as the web platform. Features of the mobile app include placing multiple order types, charting on multiple timeframes, real time price quotes, over 80+ indicators for technical analysis, stop loss, take profit and account funding/withdrawal.

24option Review: Mobile Trading Platform

24option Review: Trading Tools

24option have a few independent tools that can assist traders with technical and fundamental analysis, specifically the Trading Central platform which can conduct fully customised and detailed market analysis.

Economic Calendar

24option have an economic calendar where you can view the latest financial news releases along with the expected impact of each release and relevant country, the time/date and previous/forecasted/actual results. You can filter news in the calendar to only display those releases which meet a certain criterion. The economic calendar is also built into the 24option platform and is a way to assist traders with fundamental analysis.

24option Review: Economic Calendar

Trading Central

24option account holders have access to advanced market analysis and alerts from Trading Central. The Trading Central platform provides real time and historical data and commentary on over 8,000+ assets from multiple markets. This can help keep traders informed with what is happening in the markets and to be alerted when there are updates that you are interested in receiving.

Trading Central features include daily technical analysis reports and the ability to scan the markets for potential trading opportunities using technical indicators and candlestick pattern analysis.

Trading Central is certified by independent research providers Investorside, Euro IRP and Asia IRP and is regulated by the Autorite des Marches Financiers (AMF) in France, SEC in the US, and the Hong-Kong Securities and Futures Commission.

24option Review: Trading Central

24option Review: Education

24option have some trading tips on their website covering general trading and market topics. There is also a glossary with a collection of commonly used trading phases and their definitions. Tutorial videos and webinars are available for those who wish for more detailed explanations.

Tutorial Videos

24option have a section of their website dedicated to tutorial trading videos for different levels of traders. The videos are easy to follow and cover a range of topics from order types to conducting market analysis and more.

24option Review: Tutorial Videos


24option hold regular free online webinars where traders can look to improve their knowledge and skills, familiarise themselves with the trading platform and various other trading concepts. Webinars are viewed in the GotoMeeting platform and questions are encouraged. The webinars cover a variety of basic and advanced trading topics.

24option Review: Webinars

24option Review: Trading Instruments

24option have approximately 150+ tradeable instruments offered in various markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, ETFs & CFDs.

CFD Trading

24option offer trading instruments as contract for differences (CFDs) which are derivative products in which traders speculate on the difference between a specific asset’s starting value and its closing value. Profits and losses are determined by the difference in price from when the asset position was open and closed. When trading CFDs, traders do not need to actually physically own the asset.

Forex Trading

Forex trading is the buying of one currency and simultaneous selling of another currency, with the view to profiting from the change in value of the currency pair over time. Forex is traded in currency pairs such as the EUR/USD, GBP/USD, USD/JPY and USD/CHF. The forex market is known for its large trading volume and volatile nature which makes it risky, especially when trading with leverage. 24option offer a range of forex currency pairs including major, minor and exotic crosses.

24option Review: Forex Trading

Cryptocurrency Trading

Cryptocurrency is a decentralised online digital currency that is based on complicated mathematical algorithms. There are over 800+ different cryptos and as they are not tied to any banks or single country, they can be traded 24/7. 24option were amongst the first online brokers to offer CFDs on cryptocurrencies and have many of the most popular available to trade including Bitcoin, Ethereum, Litecoin, Dashcoin and Ripple XRP.

24option Review: Cryptocurrency Trading

Commodities Trading

Commodities offered to trade by 24option include precious metals such as gold and silver. There is a selection of soft commodities such as sugar, corn and wheat. Energies including oil and gas are also available.

24option Review: Commodities Trading

Stocks Trading

24option offer a variety of stocks for trading as CFDs on some of the largest companies across the globe such as Amazon, Nike, Sony, eBay and Facebook.

24option Review: Stocks Trading

Indices Trading

There is a good selection of global indices for trading including FTSE, DOW, DAX, NASDAQ, SP500 and more.

24option Review: Indices Trading

24option Review: Trading Accounts & Fees

24option have a variety of flexible and versatile account types catering to the differing needs of each trader. Minimum deposits start from €250 and leverage varies from 1:30 to 1:400 depending on if you qualify as a retail or professional client. Demo accounts are available to test the different trading platforms and conditions before opening a real account.

24option Review: Account Types

Basic Account

This account requires a minimum deposit of €250 with spreads starting from 2.5 pips. 1 basic educational lesson is included as is 1 free withdrawal fee. Trading central and daily news is available to basic account holders but there are no webinars.

Gold Account

This account requires a minimum deposit of €5,000 with spreads starting from 2 pips. 2 basic educational lessons are included as is 1 month of free withdrawals. Trading central and daily news is available to gold account holders and 1 webinar per month.

Platinum Account

This account requires a minimum deposit of €10,000 with spreads starting from 1.6 pips. 3 advanced educational lessons are included as is 3 months of free withdrawals. Trading central and daily news is available to platinum account holders and 2 webinars per month.

VIP Account

This account requires a minimum deposit of €50,000 with spreads starting from 1.1 pips. 5 advanced educational lessons are included and there are no withdrawal fees. Trading central and daily news is available to VIP account holders and 5 webinars per month.

Professional Client

24option EU clients who qualify can apply for a professional account which can give increased leverage of up to 1:400. To qualify, you need to have met a certain amount of trading volume in the past year, have a substantial portfolio and at least 1 year’s experience in finance industry.

As broker fees can vary and change, there may be additional fees that are not listed in this 24option review. It is imperative to ensure that you check and understand all of the latest information before you open a 24option broker account for online trading.

24option Review: Customer Service

24option customer support is provided via online chat, telephone and email.

24option Review: Deposit & Withdrawal

24option have a variety of quick, easy and secure methods for funding and withdrawing from your trading account. This includes bank transfer, credit cards (Visa, MasterCard & Discover) and online payment processors such as Neteller and Skrill. Please note that some methods may only be available to specific countries.

There is a maximum deposit amount which varies depending on the deposit method used. Deposits made to 24option with a credit card or another form of electric payment can appear immediately whereas other methods such as wire transfer may take up to five business days to show in your account. Withdrawal charges vary according to the type of 24option account you have.

Accounts can be opened in EUR, GBP, JPY, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

24option protect your account information by securing all transmissions with a 128bit SSL encryption certificate provided by Thawte.

24option Review: Funding Methods

24option Review: Account Opening

To open an account with 24option you simply fill out a short online form and then confirm your email address. Following on from that you will need to upload proof of identification and address such as a passport or drivers license and utility bill. Once your documents have been verified you can fund your account, login to the trading platform of your choice and commence trading.

24option Review: Account Opening Form

24option Review: Conclusion

24option are a regulated broker with flexible trading platforms and accounts. They offer a range of trading instruments across multiple asset classes. Trading Central is provided for detailed market analysis although other trading tools are limited and there is only a small amount of educational material provided.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86.24% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Min $10 Deposit

24option is a regulated online broker offering a variety of trading instruments across multiple asset classes with convenient trading platforms but limited in terms of trading tools & educational materials.

24CFD Review – is scam or good forex broker?

Trading Accounts and Conditions

24CFD is a UK-based forex and binary options broker, which offers a choice of six account types, yet the differences between them remain largely unclear. Yet, this is not our biggest concern with this brokerage – 24CFD is not licensed, and therefore not recommended. Nonetheless, we will start off with a few possible benefits of using this broker, as we always strive to be objective.

24CFD Advantages

Seemingly good trading conditions

Clients of 24CFD can begin trading with initial investment as low as $5 and yet open larger trades due to the high leverage ratios provided, up to 1:1000.

Furthermore, when we tested the broker’s web-based trading platform, we found the benchmark EUR/USD spread fixed at 1 pips.

Click for a larger view.

That being said, we have to remind you that the cost of trading is not as important as the security of your funds. Below, you may check out the real time spreads of some reliable forex brokers.

Solid selection of tradeable assets

There are 27 currency pairs available for trade on 24CFD`s platform, as well as CFDs on precious metals and huge selection of cryptocurrencies. If you prefer trading in binary options, you can switch to it via the drop-down menu at the top right corner of the platform.

24CFD Disadvantages

Not regulated, negative feedback

The main issue regarding 24CFD is that this broker lacks what matters most in the trading world – a legit license. The broker is one of the brands of UK-based Twinoption Ltd., which also operates Twinoption and LotusCFD. The entity is not authorized by the UK’s Financial Conduct Authority, nor by another financial regulator.

The lack of credible regulation compels us to state all the risks potential clients of this broker are exposed to. They have no guarantee of the segregation of accounts, which greatly increases the chance for fraud, nor are they covered by a compensatory scheme, such as the Investor Compensation Fund of the CySEC, or UK’s FSCS. All this, and much more, impels us to advise interested traders search for better and safer trading partners.

We should also note that the company operating a 24CFD has quite bad reputation, judging by the plethora of negative comments we got on on our review of Twinoption. So, it is very probable that the people operating this brands are running an investment scam.

Trading conditions not disclosed, no demo

Another worrisome sign regarding 24CFD is that the broker has not specified essential trading conditionson on its website, such as the spreads, leverage ratios on different accounts, transfer fees, etc. This is also very typical of scam brokers.

Furthermore, this broker doesn’t offer free demo accounts, which means that potential clients of the brokerage are completely unaware what their trading costs would be. This raises yet another red flag about the credibility of this broker.

MetaQuotes software not supported

As it already became clear, 24CFD does not support the popular MetaTrader 4 platform. Instead, it offers its clients a web-based interface that is suited for trading in both forex and binary options. It is intuitive and not devoid of good analytics, however, there is no room for comparison with the MT4 or the MetaTrader5, which are highly praised for its superior charting, support for Expert Advisors, customization options and more.

No indices and stock CFDs

Another thing we noticed on the broker’s platform is that some popular financial instruments are not present in its product portfolio. This is a minor issue when compared to the prvious ones, but we decided to mention it nonetheless. More specifically, 24CFD’s offer doesn’t cover CFDs on indices, commodities, nor any stocks, so some traders may be disappointed.


24CFD is not a broker we can recommend – it does not hold a legit forex broker license, as well the numerous complaints on the part of traders against the company incline us to suspect that potential clients of this entity may be open to substantial risk.

As usual, our best advice in such cases is to recommend dealing only with duly authorized brokerages, in order to minimize the risk of foul play.

Finally, here are the main pros and cons regarding 24CFD:

Pros Cons
Good demo spreads Not regulated, negative feedback
Wide range of tradeable assets Spreads not specified on website
No MetaTrader, no testing service
No indices and stock CFDs

Now Get Real Account with as little as $10. And start trading the BINARY OPTIONS, FOREX, FX OPTIONS & CRYPTOCURRENCIES at one platform. Click To Open Free Demo Account | Click To Get Real Account In $10 (Updated July 2020)

My Recommended Regulated Brokers

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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Regulated Binary Options Brokers: Complete Guide

What are Regulated Binary Options Brokers? Why Choose Regulated Binary Options Brokers? Top 3 Best Regulated Binary Options Brokers

What are Regulated Binary Options Brokers?

The chances are that if you are looking to understand what regulated binary brokers are, you probably already understand a few about binary options brokers. For the sake of those who stumbled upon this article, and have never heard about binary options trading before, here is a quick explanation.

Binary options trading is a form of online trading, where you can only lose your whole investment or profit with a predetermined margin. Conventional stocks or forex trading usually involve fluctuating values. You can never tell how much you will profit or lose until the trade is over. Binary options brokers are the enablers of this trader. They make the trading assets available for you to trade.


Back to regulated binary options brokers. There are many binary options brokers operating in different countries around the world. The brokers handle their clients’ funds, and hundreds or thousands of transactions. A lot of funds exchange hands within these platforms. Such circumstances require the parties involved, especially the brokers to be of high discipline. So, who regulates binary options brokers? In a bid to avoid dubious undertakings and scams, there are regulatory bodies in various countries that govern the operations of binary options brokers. Regulated binary options brokers are those brokers under the regulation of such authorities depending on the countries in which they operate. We compiled one of the best regulated binary options brokers reviews. This guide aims at leading you to the best regulated binary options brokers.

Different countries have different laws and regulations concerning binary options trading. Some countries even allow unregulated binary options brokers to operate. It is always advisable to trade with regulated binary options brokers. We will expound more on why you should only trade with regulated binary options brokers. Below is a list of countries where most of the binary options brokers available operate from;

Each country has a different set of regulations concerning binary trading. Among the most respected countries regarding binary options trading regulations are the USA, the UK, and Cyprus. Let’s take a quick look at the regulatory bodies in these countries.


Cyprus boasts of binary options traders that have the largest numbers of subscribers. Their laws and regulations are a bit flexible, and they allow many people from different countries around the world to trade on these platforms. Their regulations are quite effective too. Cyprus has some of the most trustworthy binary options traders in the worlds.

Cyprus was the first country to recognize binary options as a financial instrument, allowing many brokerage firms to sprout. CySec (Cyprus Securities and Exchange Commission) is Cyprus’s body that regulates the firms operating in Cyprus. It is a respected regulation authority around the world. CySec laws and regulations are aligned to those of the EU allowing many traders from all over Europe to get involved. The laws and regulations are quite different from those in the USA though! This makes it difficult for USA residents to engage on brokerage platforms from Cyprus. A majority of the binary options brokers from Cyprus, if not all, do not admit traders from the US. Brokerage firms can still operate in Cyprus with licensing from CySec. However, clients will always prefer a regulated binary options broker.


The USA has the strictest laws and regulations as far as binary options trading is concerned. In fact, very few binary options brokers from overseas can afford to engage traders who are residents in the USA. Binary options trading is part of the US Financial markets and is under the regulations of CFTC (Commodity Features Trading Commission) and the U.S SEC. (Securities exchange commissions). These bodies are mandated with licensing binary options brokers in the US. Many of the binary options traders operating in the US are based in the US. The regulatory bodies insist on being able to monitor and audit their operations constantly.

Majority of the offshore binary options brokers that operate in the US are from the UK. USA’s regulatory bodies have the means to monitor the binary options brokers in the UK. Brokers operating in the USA are seen as the most secure and reliable binary trading brokers.


The UK takes pride in being the source of binary options brokers. Many of the first binary options brokerage companies were started in the UK in the early 1990s. UK’s laws and regulations concerning binary options trading have been quite different from those in other countries for some time. The UK has for long allowed free interaction between its residents and binary options brokers. The regulations have since changed though. Just like in the USA, the UK laws and regulations have become strict, and brokerage firms are required to be licensed and regulated by the FCA (Financial Conduct Authority). The authority also constantly monitors and audits the brokerage firms.

The similarity in the UK’s laws and regulations on binary options trading and those in the USA has made it fairly easy for UK’s brokerage firms to admit USA’s resident traders. UK’s brokerage firms are currently some of the most respected around the world. They also command a good share of the market. They admit clients from many countries around the world. Brokerage firms also subscribe to the regulations of authorities in other countries, so that they can be attractive to traders in that country.

So, why is it important to have the binary brokers regulated? Why do countries such as the UK and USA have strict regulations concerning binary options brokers? Why is important that you trade only with regulated binary options brokers? Let’s find solutions to these queries.

Why Choose Regulated Binary Options Brokers?

The main reason why you should only choose regulated binary options brokers is so that you don’t get duped. Whenever you fund an account on a binary options broker’s platform, you are entrusting them to handle your money for you. Therefore, it is important that there are watchdog authorities that ensure the brokers handle your money right. Let’s get into the nitty-gritty of how binary options brokers handle trader’s money, and how the regulation authorities protect you from getting scammed.

My Recommended Regulated Brokers

Broker Min Deposit ($) Min Stake ($) Max Payout (%)
IQ Option 10 1 95 1st Choice
ExpertOption 50 1 95 2nd Choice
Olymp Trade 10 1 92 3rd Choice

Binary Option Brokers Operations

The reason binary options brokers are in operation is that many people do not have the capital to trade in the stock or forex markets directly. They give traders with small amounts of capital access to the markets.

They combine identical trades from different traders (since only binary options are involved there is a bulk of identical trades) and the amounts stakes and put execute the trade on the main market. They, therefore, trade on the main market on your behalf. You need to be sure that they will put up your trade the way you put it, and they will use your money for exactly that purpose.

The other form of engagement is where the binary options brokers buy the binary options from the main market, and you buy the options from them in turn. In both instances, the flow of funds is similar.

So why should you have confidence in the fact the binary options traders are regulated? How does the regulation protect you?

  • First, a regulated binary options broker indicates that the broker has the best interests of the traders. It indicates that they want you to profit from the trade. It is important to note that binary options traders can profit in both ways. They can profit if you lose or win.
  • Regulated brokers have to keep their client’s assets independent of their company’s assets. They cannot use your assets to trade on the market if you have not initiated any trade. This means whatever happens to the company, the trader’s money remains intact.
  • For the binary options to be licensed by the regulatory bodies, they need to show proof and guarantee that they have the adequate financial capital needed to run their trading operations smoothly. The trades you make, start immediately you confirm. The broker, therefore, needs to have enough funds ready to cater to the clients on their platform.

Governments across the world are beginning to appreciate the binary options trading is a legitimate investment channel. They also know it is very easy for traders to be duped. There are two main reasons why government authorities are choosing to regulated binary trading brokers.

  • One, as already mentioned, need to ensure that clients are offered legitimate services by the brokers, and the brokers handle client’s money responsibly.
  • As with any other investments, there are profits and losses. You all know the government wants tax everywhere there is any profit. The regulation allows the government to cash in on the profits made, more so by the binary options brokers.

At this juncture, it should be pretty clear to you why you should only go for regulated binary options brokers. You are always at your own discretion to choose whichever broker you want to work with. You will lose nothing by choosing a regulated broker though. Also, note that there are binary options brokers that claim to be regulated in weird jurisdictions. Some of these jurisdictions have no proper systems in place to regulate the brokers. The most reputable and trustworthy jurisdictions are those from the countries mentioned above. It is prudent to stay away from binary options brokers claiming to be regulated by jurisdictions that have a history of money laundering, and tax evasion havens.

So, you have finally decided that you need to trade with a regulated binary options broker. Right?

If you follow the guidelines above, you will find a lot of available brokers. You will most likely be left confused concerning the broker you should choose. Apart from regulation, there are a few other factors you should consider before settling on any binary options broker.

  • Maximum payouts – different brokers offer different profit percentages when you win a trade. Higher percentages are always attractive. However, take time to explore other services offered by the broker. Some brokers will have low payout percentages but will offer you great resources that can help you win trades.
  • Minimum deposit – different brokers require different amounts of initial deposit to issue you with an account. Obviously, you can only work with the broker whose minimum deposit you can meet.

Below are three reputable binary options brokers that you could consider trading with.

Best Regulated Binary Options Brokers

You will find a long binary options brokers list if you go searching for some. Which binary options brokers are regulated? Which ones are trusted binary options brokers? There are many different binary option regulators that control trustworthy brokers. You could go for binary options brokers regulated by asic or binary options brokers regulated by cftc. binary options brokers who are regulated with the cftc are usually those looking to operate in the US. We shall look at binary options brokers regulated by cysec and binary options brokers regulated by fca since they are the most popular currently.

My Recommended Regulated Brokers

Broker Min Deposit ($) Min Stake ($) Max Payout (%)
IQ Option 10 1 95 1st Choice
ExpertOption 50 1 95 2nd Choice
Olymp Trade 10 1 92 3rd Choice


IQ Option is one of the best, if not the best, binary options brokers. The Seychelles-based broker operates under the regulation of CySec. As we have already established CySec is also a reputable and respected regulation authority. IQ Option was launched in 2020 and has seen consistent growth since then. Consistent growth in an indication of satisfied traders and high winning rate. IQ Option has over 25 million subscribers as at now.

Trading Platform

IQ Option trading platform offers you up to 77 assets to trade with. They offer three types of accounts on their platform. The accounts are;

DEMO account- this is a virtual account that is offered to a new member on the platform so that they can learn how to trade. Binary options trading is available to everyone. It is prudent to start here if you have no idea about what binary trading is.

REAL account – This account gives you access to the real market. The account attracts a minimum deposit of $10. The account offers a cash back option of up to 45% too. You also have access to the web brokers trading competitions. A deposit of $100 and above will earn you free trading signals, and you also get access to more trading opportunities.

VIP account – this account attracts a minimum deposit of $3000. The account offers you unlimited access to trading opportunities. IQ Option will also give you a dedicated account manager and trading insights from their resident analyst. The account also offers refunds of up to 60% when you make wrong predictions.

  • The minimum deposit on IQ Option is $10 for a real account or $3000 for a premium account
  • The minimum investment is $1
  • The maximum returns are 95% profit on your stake
  • IQ Option offers no bonuses.
  • IQ Option operates a proprietary web, and Android and iPhone platforms

IQ Option is recognized by many players as one of the best binary options brokers 2020. It is also one of the best binary options brokers with low minimum deposit, and one the best binary options brokers regulated by CySec.

2. Raceoption

Raceoption is a UK-based binary options broker. It is subject to the laws and regulations of the FCA (Financial Conduct Authority). UK regulations have gotten tighter in recent years. Raceoption has stood out as one of the most compliant binary options brokers. The company has managed to get itself in the USA market too. That’s a strong point for any binary options broker. Raceoption has been operating since 2020 and has 1570 subscribers as of now. It boasts of average trader earnings of 1217 per month.

Trading Platform

Raceoption offers you over 100 assets to trade with. They offer three types of trading accounts too. The trading accounts are.

  • Bronze account- this trading account attracts a minimum deposit of $250. The account’s privileges include; demo account, copy trading tool, 1-hour withdrawal, 24/7 live support, and a bonus of 20%.
  • Silver account – this trading account attracts a minimum deposit of $1000. The account comes with all the privileges in the bronze account plus a master class training, up to 50% in bonuses, a dedicated account manager, and first three risk-free trades.
  • Gold account – this account attracts a minimum deposit of $3000. The account comes with all the privileges of the silver account plus, up to 100% in bonuses and integrated technical analysis.

Raceoption has one of the best binary trading sites. The sites are user-friendly and very responsive. Raceoption is one of the best binary options brokers regulated by FCA. It is one of the best binary options brokers uk. It is also one of the best us regulated binary options brokers.

Raceoption offers up to 90% profit on the stake in payoffs.

3. Binarymate

Binarymate is yet another reputable UK-based binary options trader. It is also under the regulation of the FCA (Financial Conduct Authority). It is also regulated and licensed by CySec. Binarymate is another one of the few binary options brokers that admit US traders. Binarymate is a recent entrant into the binary options scene. It has managed to gather 5372 subscribers in a short while. Binarymate is best binary options brokers for beginners. It offers a wide array of educational resources to help you learn.

Trading Platform

Binarymate offers over 100 assets for you to trade with. They offer three types of trading accounts too. The trading accounts are;

  • Bronze- this account attracts a minimum deposit of $250. You are also offered up to 20% bonus on your deposit.
  • Silver- this account attracts a minimum deposit of $1000. You are offered up to 50% bonus on your deposit.
  • Gold- this is the ultimate trading account on Binarymate. It attracts a minimum deposit of $3000. The account offers you either a bonus of $250 or risk-free trades.

You can choose to start with a demo account if you are a green beginner. You might not want to invest your money before you have learned the ropes of engaging on the Binarymate platform. Below are a few advantages to the Binarymate platform.

  • Steller customer support 24/7 live video chat support
  • 1-hour withdrawals processing time
  • Secure trading, and ample data protection

Binarymate pays maximum returns of up to 90% profit on the stake. The broker allows US traders on its platform. It is one of the best binary options brokers us.

These are three legit binary option brokers that you can choose to trade with. Other binary trading reviews will suggest different brokers depending on their findings. Trading binary option 2020 is one of the ways of making money online in 2020. It is not straightforward or easy though.

Best Binary Options Brokers 2021:
  • EvoTrade

    The Best Broker! 15 000 $ Welcome Bonus!

  • NS Broker
    NS Broker

    10 000$ welcome bonus!


    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!


    Recommended Only For Experienced Traders!

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Broker Min Deposit ($) Min Stake ($) Max Payout (%)
IQ Option 10 1 95 1st Choice
ExpertOption 50 1 95 2nd Choice
Olymp Trade 10 1 92 3rd Choice