The 5 Best Binary Brokers in Egypt – Comparisons and Reviews

The buzzword in financial markets nowadays is “Binary Options.” The word “Binary” itself denotes that there can be two outcomes: profit or loss. In Egypt also it is trending, and many people are investing a decent or large amount in these binary options. One can invest for a short time or more extended period.

There are many Binary Options brokers to choose from, but you have to do your research before investing in any fraudulent broker. The volatility of this type of trading is you can either get up to 92% of your deposit or lose everything. We have conducted thorough research and have shortlisted some of the best brokers in Egypt.

There are financial regulations that don’t allow such financial instruments. You will get to learn everything like the best Binary Options Brokers, Financial Regulations, and the Benefits you can reap further down in this article. So without any delay, let’s cut to the chase.

List of The Best 5 Binary Options Brokers in Egypt

#1 IQ Option

This brokerage company started its operations in 2013. It is one of the leading binary options brokers and is ranked No#1 in over 28 countries. This company is based in Cyprus and is regulated by Cyprus Securities and Exchange Commission (CySec), FCA, and MiFID. This platform lets traders trade in Binary and Digital options, ETF’s, Stocks, Cryptocurrencies, Forex, and Commodities and offers Contract for Differences (CFD) on some in-demand financial instruments.

It is known as a Cypriot Investment Firm (CIF) #247/14. This brokerage company offers demo accounts, minimum deposit, and easy withdrawal methods to traders worldwide. Traders can use the company’s website or mobile app. Both of them have a user-friendly interface for a smooth experience. 

More than 300 assets are available for traders to invest in. You will be assigned a demo account with virtual money of $10,000 to get the hang of the innovative platform. One can hone their skills by trading with this virtual account. Once you deposit a minimal $10 fee, you can start trading with a minimum amount of $1. There are so many popular assets you can invest in and predict the price movements.

The website and mobile app are designed for easy trading operations with the latest analytical tools. It also displays charts, graphs, and indicators that help traders to understand the market. Even a new or experienced trader can trade efficiently with a user-friendly interface. It has advanced tools like Moving Averages, Stochastics, MACD (Moving Average Convergence Divergence), CCI Indicator, and Bollinger Band.

This award-winning platform lets you trade in binary options having an expiry time of 60 seconds to 5 minutes. The important fact is that you can trade on weekends as well on selected assets. By the time this article is being written, it already has 80,565,500 registered users. It has 1,800,000+ active daily traders and an approximate monthly investment volume of $380,000,000. On average, $10,000,000 is withdrawn every month by traders.

#2 Expert Option

Expert Option was found in 2014 and is headquartered in Port Vila, Vanuatu. It is a trusted platform registered with VFSC (Vanuatu Financial Services Commission) with license number 15014 and FMRRC. It is gaining popularity and has over 70 Million plus registered users. More than 30 Million deals are executed every month. Data encryption involves the latest algorithms to protect your data. People from 48 different countries trade on this platform.

Once you sign up, you get to trade with a demo account to understand the platform better. The platform’s interface is so easy that even beginners can trade like a pro. There are 6 different trading accounts like Micro, Basic, Silver, Gold, Platinum, and Exclusive. Each account’s minimum deposit varies and for Exclusive Account is only on Invitation.

Other binary options use SpotOption or TechFinancials turnkey platforms, whereas Expert Option has developed its custom platform. Expert Option platform provides Precise Price Feeds, Lightning fast execution, and even Weekend Trading. Once you are logged in, you will get to know the current price of your asset in real-time. There is a graph in the middle which is designed to show you the current price and even the previous price. The charts can be split in half to display 2 different markets.

One can choose from Candles, Bars, Lines, and Area types of charts. It provides 8 indicators like RSI, MACD, Parabolic SAR, Awesome Oscillator, Alligator, Bollinger bands, and Fractal.

#3 Pocket Option

Pocket Option was founded in 2017 by Gembell Limited. It is headquartered in the Marshall Islands and is regulated by IFMRCC (International Financial Market Relations Regulation Center). The FinTech specialists with a strong IT team regularly keep updating the website/app and provide insights to the traders. With more than 10 million registered users, it is growing at a swift pace.

Even though some skeptics believe that trading in binary options is a risk, Pocket Option has proved them wrong. It is fun trading with this binary options broker as the platform has a robust and easy interface for beginners and experts alike. You can easily create an account and start trading with a demo account to ace your game.

The platform provides traders with over 100 assets and various payment methods for Egyptians and International traders. US and UK traders are also allowed to trade on this platform. You will get a 50% bonus when you start live trading. This platform provides higher payouts when compared to other binary options brokers.

Pocket Option provides only one type of trade that is “high/low.” This is the fastest trade and offers good returns. This platform is the best for traders who want instant returns on their investments. All the trader has to do is predict if the asset’s price will soar high or drop low. There is a set expiry time limit for every trade starting from 60 seconds, and the longest is 4 hours.

The company’s website states that the highest payout a binary options trader can get is 218%, and the lowest will be 50%. But as per the facts, brokers can offer returns only up to 200%. The traders at Pocket Options will for sure get 80% to 100% returns if their high/low trade is successful.

#4 Olymp Trade

Olymp Trade is a reputed binary options broker and has a presence in 139 countries. However, its platform is not available for citizens of the EU (all countries), Australia, USA, Canada, Japan, Israel, and the UK. It was established in 2014 and is headquartered at St. Vincent and the Grenadines. It has 60+ million users across the globe. It is registered and certified by the International Financial Commission (IFC).

For beginners, a Demo trading account is available, and you can trade with virtual cash to gain a better understanding of the market. Olymp trade is also part of an international organization that detects any fraudulent activities, and the trader gets a $20,000 compensation in real-world money. 

Fixed Time Trades is also one of the best trading options on this platform. It is a certified “A” grade broker, so your data will be secure. In 2018 it received the “Best Trading Platform” by Le Fonti. This binary options broker has everything sorted out for beginners and experts alike.

One can trade with 70+ assets present on the platform. The major ones are Indices, Cryptocurrency, Commodities, and Stocks. There is a very small minimum deposit fee that you will have to pay to start Live trading. You can even start trading with a minimal amount of $1.

The platform has 25,000+ active traders who trade daily. The turnover of Olymp Trade is estimated to be $175 Million. It has a host of indicators that will help you to choose an asset for trading.

#5 Binomo

Binomo is also a leading and trusted binary options broker. Dolphin Corp founded this brokerage platform in 2014. It has its headquarters in St. Vincent and the Grenadines and has a strong foothold in Egypt and 133 countries across the globe. The drawback is the US, and UK traders are not allowed to trade.

Its active users, both beginners, and experts combined are 887,470 traders. The company website states that successful trades are up to 30,000,000. This makes it one of the most prominent binary options platforms.

Binomo is a certified “A” grade broker registered and regulated by the International Finance Commission (IFC) and FMMC. If any trader complains of fraud, they are eligible for compensation of $20,000. 

Once you wish to trade with Binomo, you get a demo account with $1000 virtual cash to hone your trading skills. The live trading types of accounts on this platform are Standard, Gold, and VIP. Each account has different deposit fees and benefits.

It has a high-quality interface with market indicators, charts, support, tutorials which will help you become a successful trader.

What Is a Binary Options Broker in Egypt?

Show us a person who would not like to make an extra buck in a short period? Well, if you trade cautiously, binary options will help you reap profits. Egyptian traders are becoming more active in the trading of binary options in recent years. Short-term, Long-term trading options are a hit in the country.

Binary Options, as everywhere else, are the same. It is based on predictions. There is no possibility of winning every time, as it is a very volatile but profitable trade. Binary Options Brokers in Egypt are offering bonuses, tournaments, and promotions, which is enticing. This formula by the platforms has seen many new active traders registering on these platforms.

Demo accounts, Live accounts with minimum deposit fees and minimum trading amount, no commission on deposits or withdrawals (only some platforms provide this) are some of the features of these binary options brokers for Egyptians. There are many assets from which you can select and trade.

You can bet on the high/low of the market. The outcome can go your way, or you can lose the invested amount. This article helps you understand the various features of the leading and trustworthy binary options brokers in Egypt.

Traders can trade in Commodities, Stocks, Currencies, Cryptocurrencies, Indices, and many more. You have to research thoroughly and take a calculated risk of investing at the right time.

Financial Regulations in Egypt

Yes, trading in binary options is legal in Egypt. Many brokers accept traders from Egypt. Right now, there is no law framed by the Egyptian Financial Regulatory Authority. This government agency regulates and supervises capital markets, factoring, financial leasing, commodities, insurance, non-banking financial transactions, derivative markets, and mortgage finance. It frames laws and regulates all the financial services doing business in the country. 

The government advises traders to invest in CySEC, FMA, and FSB-certified and regulated binary options brokers. There are many other supervising bodies, but these are the most favored ones. Brokers are also offering Islamic accounts as they have a large base of Muslim traders concerning the Sharia Law.

So brokers/traders can freely trade and deposit/withdraw their profits through various payment modes. The different deposit/withdrawal methods are bank wire, credit/debit cards like MasterCard, Visa, Maestro, Diner’s Card. E-wallets are also supported like Skrill, CashU, PayPal. 

The withdrawal process starts with the trader sending a withdrawal request to the broker. The processing time can take a few hours or 2-3 days. There is a tax levied when a trader makes profits. Traders should also be aware of International Tax laws as the binary options brokers are from offshore countries.

Features of the Platforms

#1 IQ Option

Being one of the leading binary options brokers, it has a host of features to offer. 60 plus assets like ETF’s, Indices, Cryptocurrencies, Currency Pairs, Stocks, Commodities are the most favored. It has won many awards and provides good excellent customer support.

Some important facets are listed below:

  • Certified and Regulated by CySEC.
  • 92% maximum payout.
  • Weekend Trading.
  • During weekdays 19 trading options are available. 
  • On weekends a trader will have only 8 standard options.

#2 Expert Option

With a registered base of 35 Million registered users, this platform provides rights from Forex to Fixed Time Trade. It offers super-fast brokerage services with different types of real trading accounts.

Some important facets of this binary options broker are:

  • The website and app run smoothly and are easy to navigate.
  • Assets like Currency pairs, Cryptocurrencies, Stocks, and Commodities are available to trade.
  • The platform supports 10 languages.

#3 Pocket Option

It is a secure and safe platform to trade with. There are almost 130 assets to trade from with a fast deposit/withdrawal process. Traders are treated to social trading through which they can follow the trends of top traders and copy.

Some important facets of Pocket Option are listed below:

  • Indicators, Charts, Tutorials on the website/app.
  • Tournaments and Achievement lists for traders.
  • 50% bonus on 1st deposit.

#4 Olymp Trade

Olymp Trade is one of the leading binary options brokers with a massive number of active and registered users. It is regulated by CySEC, ASIC, and FCA. Commodities, Currencies, Cryptocurrencies, ETF’s, Spread, and Commissions are some of the assets for trading.

Some important facets of Olymp Trade are listed below:

  • Bonus for regular traders.
  • Links, Charts.
  • Excellent Customer Support.

#5 Binomo

This platform is renowned for High payouts, fast trading. With over 60 assets like Stocks, Commodities, Cryptocurrencies, etc., there are many options for Egyptian traders. Demo Account is free, and Live account needs a small deposit fee.

Some Important facets are listed below:

  • Excellent customer service.
  • Demo account with $1000 worth of virtual cash.
  • 4 types of Real Accounts.

Mobile Apps

#1 IQ Option

Yes, it has a website app and also a mobile app to trade in 500+ assets like Stocks, Indices, Cryptocurrencies, etc. It has won an award for its clean and user-friendly interface.

#2 Expert Option

Yes, this app supports Windows, Android, IOS, macOS, and various other web platforms. You will need to update the app constantly to receive newer features and bug fixes.

#3 Pocket Option

Traders can trade with more than 150+ assets on the app. It is user-friendly, and you can also opt for notifications.

#4 Olymp Trade

Everything like trading, you can make a deposit/withdrawal on this app. Easy to use and robust interface.

#5 Binomo

You can do all the things you do on the broker’s website on the app as well. Binomo’s app in 2015 won the IAIR award.

Services for Egyptian Traders

#1 IQ Option

  • 90+ assets
  • Technical Indicators and FX Options.
  • Cryptocurrencies of 12 types are offered.

#2 Expert Option

  • Quick Fixed Time trade and Forex brokerage services.
  • On your first deposit, you get a 100% bonus.
  • 65+ assets
  • Supports15 languages.

#3 Pocket Option

  • 100+ assets  
  • Minimum 60 seconds and maximum 4 hours’ trade time limit.
  • High/Low trading
  • User-friendly interface on both website and mobile app.

#4 Olymp Trade

  • A trader can change the interface according to their usage pattern.
  • No commission on deposits/withdrawals of funds.
  • Excellent Customer Support.

#5 Binomo

  • 60+ assets.
  • You can enable/disable Push Notifications. 
  • Analytical Tools.
  • Integrated calendar.
  • 4 Real Account types.

Deposits

Binary Options Broker Minimum Deposit Fee

#1 IQ Option

Minimum Deposit Fee is $10

#2 Expert Option

Minimum Deposit Fee is $10

#3 Pocket Option

Minimum Deposit Fee is $50

#4 Olymp Trade

Minimum Deposit Fee is $10

#5 Binomo

Minimum Deposit Fee is $10 

Withdrawals

#1 IQ Option

For e-wallet users, it is just a matter of some hours or a maximum of 1 day. It takes 10 days for the funds to be transferred if you prefer bank wire, credit card options.

#2 Expert Option

The withdrawal process takes at least 3 days. You can withdraw through bank wire transfer, credit/debit card, or e-wallets.

#3 Pocket Option

Only $10 can be withdrawn per transaction.

#4 Olymp Trade

The process can take from some hours to a day through credit/debit cards and e-wallet options. For a bank wire transfer, it takes 3 days.

#5 Binomo

From a few hours to 3 days, based on the deposit and withdrawal method selected.

Support

#1 IQ Option

The global support team can be contacted through email, live chat and can also request through the toll-free number for an account manager to call back.

#2 Expert Option

This platform provides 24/7 live chat support, trading room help center, call center, and email for customer support.

#3 Pocket Option

Live chat, email, call center are the means of support on this platform.

#4 Olymp Trade

It provides strong customer support like email, call-center, and live chat.

#5 Binomo

Live chat and email support are provided. The queries are generally within 24 hours.

Conclusion

This detailed article is based on customer reviews, the user base of the binary options brokers in Egypt. All the brokers listed above are genuine and provide transparency while trading. You have to research and choose which broker you will get registered with. Trading in binary options is profitable, but there are also higher risks involved. So you have to study the asset and invest wisely, or else you will lose all your investment.

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