5 Best Binary Options Trading Apps in India Compared | Full Test


Mobile applications have emerged as key tools for traders in the current binary trading landscape, especially in India. These apps offer the convenience of trading on the go and have features that can improve trading results.

This article reviews India’s top three binary options apps, highlighting their unique features and benefits.

These are the five best binary options apps in India for trading:

  1. IQ Option – Best Binary Software for beginners (most user-friendly)
  2. Pocket Option – Best Binary Software for social trading
  3. Quotex – Best Binary Software for trading signals and availability in all countries
  4. Olymp Trade – A trusted trading platform for Indians
  5. Expert Option – Trade binary options effortlessly in India
Broker:
Regulation:
Yield & Assets:
Advantages:
The offer:
5/5
12345
/
Yield: Up to 100%
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
  Sign up for free

(Risk warning: Trading is risky)

5.0/5
12345
MISA
Yield: 97%+
100+ Markets
  • Welcomes international clients
  • Offers high payouts: 90% – 97%+
  • Professional-grade trading platform
  • Swift deposit process
  • Enables Social Trading
  • Provides free bonus incentives
Live-account from $ 5
  Sign up for free

(Risk warning: Trading is risky)

5.0/5
12345
/
Yield: 95%+
100+ Markets
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
  • Signals
Live-account from $10
  Sign up for free

(Risk warning: Trading is risky)

5.0/5
12345
Financial Commission
Yield: 90%+
100+ Markets
  • Professional platform
  • Free demo account
  • $10 minimum deposit
  • Webinars and education
  • High payouts
Live-account from $10
  Sign up for free

(Risk warning: Trading is risky)

4.8/5
12345
VFSC
Yield: 90%+
100+ Markets
  • Regulated & safe
  • Crypto trading
  • High returns
  • Fast execution
  • Social trading
  • Low minimum deposit of $ 50
Live-account from $10
  Sign up for free

(Risk warning: Trading is risky)

Broker:
Regulation:
/
Yield & Assets:
Yield: Up to 100%
300+ Markets
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:
MISA
Yield & Assets:
Yield: 97%+
100+ Markets
Advantages:
  • Welcomes international clients
  • Offers high payouts: 90% – 97%+
  • Professional-grade trading platform
  • Swift deposit process
  • Enables Social Trading
  • Provides free bonus incentives
The offer:
Broker:
Regulation:
/
Yield & Assets:
Yield: 95%+
100+ Markets
Advantages:
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
  • Signals
The offer:
Broker:
Regulation:
Financial Commission
Yield & Assets:
Yield: 90%+
100+ Markets
Advantages:
  • Professional platform
  • Free demo account
  • $10 minimum deposit
  • Webinars and education
  • High payouts
The offer:
Broker:
Regulation:
VFSC
Yield & Assets:
Yield: 90%+
100+ Markets
Advantages:
  • Regulated & safe
  • Crypto trading
  • High returns
  • Fast execution
  • Social trading
  • Low minimum deposit of $ 50
The offer:

What is Mobile Trading, and How Does it Work in India?

Mobile trading refers to buying and selling financial instruments directly from a mobile device such as a smartphone or tablet.

This binary options trading method has gained traction in India due to its convenience. It allows traders to access their financial instruments and markets anytime, anywhere. Mobile trading offers a more streamlined and user-friendly experience than traditional computer-based trading platforms.

Traders in India can execute trades, manage their portfolios, and monitor market movements using these specialised mobile applications. While many stockbrokers in the country have embraced this trend by offering dedicated apps for Android and iOS devices, it’s worth noting that not all brokers offer this service. Choosing a broker that supports and prioritises this feature is essential for mobile trading.

Most important facts about the best Binary Options apps in India:

  • Binary apps allow you to trade financial instruments using your mobile phone or tablet.
  • They offer several advantages, including quick and easy trade execution. They also provide access to live market data, such as price alerts and historical data.
  • Binary options apps’ disadvantages include problems with remote signals, small screen sizes, and the potential for human error.
  • IQ Option, Pocket Option, and Quotex are India’s top binary options trading apps. However, the best one is IQ Option.

The 5 Best Binary Options Apps in India:

1. IQ Option- Best Binary Software for beginners (most user-friendly)

The official website of IQ Option in India

Established in 2013 with its base camp in Russia, IQ Option is one of India’s most incredible internet binary trading platforms. It is the best binary options broker for Indian binary options traders. Concerning security, it’s managed by IQ Option LLC in St. Vincent.

The trading platform is fully equipped with all the necessary tools, including a comprehensive array of charts and indicators. Additionally, IQ Option provides an excellent app specifically designed for binary options traders in India.

We recommend testing your trading skills and strategies using an IQ Option demo account with $10,000 in virtual money before trading with real money. Then, once you’ve gotten the hang of the market, switch your demo account to a real account, invest real money, and have the opportunity to make a 95% profit on every trade.

In our experience, it is one of the best trading platforms for Indian traders looking for an easy-to-use app to trade their financial instruments

$10 is the minimum amount that you can deposit into your account via bank transfer, credit/debit card, and Skrill. This binary options broker lets you withdraw funds using similar instalment trading strategies. Withdrawals from IQ Option are processed within 24 hours.

Advantages:

  • 300+ assets
  •  Start with a small investment amount
  •  Flexible online trading platform
  •  Huge asset diversity
  •  Profits of 94%+ possible
  •  Fast trade execution
  •  Fast withdrawals
  • Best binary trading app in India

Disadvantages:

  • There is no algorithmic trading
  • No bonus available
› Sign up for the best Binary Trading app in India: IQ Option

(Risk warning: You capital can be at risk)

2. Pocket Option – Best Binary Software for social trading

The official website of Pocket Option in India

Pocket Option is our top pick for the best binary options broker of 2022 and India’s leading binary trading platform. Pocket Option features an impressive app with a low minimum deposit requirement and reliable payment methods. It offers high payouts and a variety of technical analysis tools to assist you in making informed trading decisions.

Since 2017, Pocket Option has served more than 10 million traders, with its customer base spanning over 95 countries.

This binary options broker allows you to exchange more than 100 assets, including stocks, Forex and binary options, cryptographic forms of money, records, and products. To become familiar with the platform, you can create a demo trading account on Pocket Option using virtual cash. This demo lets you utilise the site’s elements and test your trading skills without implied genuine danger.

Advantages:

  • The high deposit bonus is available
  • Many trading indicators
  • User-friendly interface
  • Free demo account
  • Under the supervision of the International Financial Market Relations Regulation Center (IFMRRC)
  • Social Trading
  • Free bonuses

Disadvantages:

  • Binary options are generally associated with a high level of risk
  • Limited trading size
  • Not all indicators are available
› Sign up for the Pocket Option app for free

(Risk warning: Your capital can be at risk)

3. Quotex – Best Binary Software for trading signals and availability in all countries

The official website of Quotex in India

Quotex, established in 2020, is a binary options trading platform that provides market signals and various features. Our review covers how to start trading with Quotex, detailing deposit and withdrawal fees, customer support, and welcome bonuses. Join this user-friendly platform and start trading today.

Quotex offers three types of trading accounts: Standard, Pro, and VIP. The Standard account is tailored for beginners and provides an average success rate on all trades. The Pro account is suited for more active traders and features higher success rates and additional benefits.

Binary options brokers should store $1,000 to fit the bill for the Pro record. Finally, the Quotex VIP account offers improved benefit rates and a progression of continuous rewards and arrangements for veteran brokers. The base store for the VIP arrangement is $5,000.

The Quotex app in India


Traders have complete access to digital options positions and customer support for all account types in binary options trading. Accounts can be held in US Dollars, Euros, Rubles, Ukrainian Hryvnia, and Brazilian Reals. The registration process is straightforward, allowing new members to be up and trading quickly.

Advantages:

  • Free $10,000 demo account
  • Minimum deposit of only $10
  • Minimum trade amount $1, maximum trade amount $1,000
  • High return up to 95%
  • User-friendly interface
  • A wide variety of trading assets
  • Fast trade execution
  • Instant deposits
  • Fast and secure withdrawals
  • Free bonus (Use the code ‘BObroker50’ to get a 50% deposit bonus)
  • Available in many countries and languages

Disadvantages:

  • No phone-support
  • No iOS app is available at the moment
› Sign up for the Quotex app for free

(Risk warning: Your capital can be at risk)

4. Olymp Trade – A trusted trading platform for Indians

The official website of Olymp Trade

Established in 2014, binary options broker Olymp Trade has significantly impacted the industry, catering to multiple markets, particularly Indian traders. The International Financial Commission regulates the trading platform, ensuring a safe and secure binary options trading environment. With a user-friendly interface, Olymp Trade offers a range of tools and indicators to help traders make informed decisions.

Indian traders can start their trading journey with a minimum deposit of $10. The platform offers a demo trading account with $10,000 in virtual funds, allowing users to practice and familiarise themselves with the platform before trading with real money.

It offers a mobile trading platform and a great app. The platform boasts up to 92% potential profits on successful trades with various assets, including currency pairs, commodities, and stocks. It also offers multiple tools to perform solid fundamental and technical analysis.

Withdrawals are processed quickly, and various payment methods are available, including bank transfers, credit/debit cards and e-wallets, ensuring a smooth transaction process for Indian traders.

Advantages:

  • Regulated by the IFC
  • Free demo account available
  • A high return of 92% or more
  • No hidden fees
  • Personal account managers for VIP accounts are available
  • Secure trading environment

Disadvantages:

  • Binary options are generally associated with a high level of risk
  • Limited trading size
  • Not all indicators are available
› Sign up for the Olymp Trade app for free

(Risk warning: Your capital can be at risk)

5. Expert Option – Trade binary options effortlessly in India

The official website of Expert Option for indian traders

Expert Option, regulated by the Vanuatu Financial Services Commission, has established itself as a central trading platform with a strong focus on the Indian market. The platform offers rich features and a purpose-built platform that ensures fast trade execution and a user-friendly experience.

With a minimum deposit of just $50 and the ability to trade binary options from as little as $1, Expert Option is accessible to traders of all levels. The platform offers a demo account with $10,000 in virtual funds, allowing Indian traders to practice and develop their trading strategies risk-free.

Expert Option stands out for its social trading feature, which allows traders to follow and copy the trades of successful investors, thereby enhancing their trading experience. The platform is user-friendly and offers a wide range of assets, including Forex, cryptocurrencies, and stocks, with potential profits of up to 90% on successful trades.

For Indian traders looking for a reliable and innovative trading platform, Expert Option offers a compelling option with tailored services, fast payouts, and a commitment to providing a transparent and efficient trading experience.

Advantages:

  • User-friendly yet powerful platforms
  • Custom-developed platform
  • The platform can be used on any device
  • 24/7 Customer Support
  • Offers lightning-fast trading execution
  • Offers free educational materials
  • Offers transparent trading experience
  • Offers over 100 assets
  • Good binary trading app in India

Disadvantages:

  • Not available in some countries
› Sign up for the Expert Option app for free

(Risk warning: Trading involves risk. Your capital can be at risk)

The Pros and Cons of Mobile Trading for Indian Traders

Here are the pros and cons of mobile trading. Let us begin by looking at the advantages:

Pros:

  1. Mobile trading provides traders with a platform to execute trades from anywhere in the world, as long as they have internet access.
  2. Trading on a mobile device is straightforward, allowing for quick and easy order placement.
  3. Clients can access live data via mobile platforms, aiding them in making informed investment decisions.
  4. Mobile trading empowers traders to manage their investments directly, eliminating uncertainties associated with using a broker.
  5. Modern mobile trading apps include numerous additional features, such as price alerts, market research, historical data, and charts, which highly benefit investors.
  6. Mobile trading offers investors the advantage of monitoring their investments in real time.

Cons:

  1. Signal reception can often be problematic, especially in remote and mountainous areas.
  2. The small screen size of smartphones is a challenge for many users, as it can make analysing assets on such a compact display difficult.
  3. The ease of trading can become addictive, leading investors to invest more money than initially intended.
  4. There is always a risk of human error; accidentally selecting the wrong option or making trades emotionally could result in substantial financial losses for the investor.

Advantages:

  • Global Access: Trade from anywhere in the world at any time.
  • Ease of Execution: Simple and fast trade executions, suitable for beginners.
  • Live Data: Access real-time data for informed decision-making.
  • Investment Control: Manage risk with predefined investment amounts and potential returns.
  • Enhanced Features: Utilize tools like price alerts, market research, and historical charts for strategic trading.
  • Real-Time Monitoring: Monitor investments continuously to respond swiftly to market changes.

Disadvantages:

  • Signal Issues: Dependency on mobile network connectivity can lead to interruptions.
  • Small Screen: Limited display size may hinder detailed analysis and ease of use.
  • Addictive: The convenience of mobile trading can lead to excessive, compulsive use.
  • Human Error: The smaller interface and on-the-go trading increase the likelihood of mistakes.

Benefits of Mobile Trading Apps

There are many more benefits to using mobile binary trading platforms and apps, as they come with several different advantages:

  • Trade at any time from anywhere


The primary advantage of using a mobile online trading platform or app is the flexibility to trade anywhere, anytime. While a dedicated workspace is essential for thorough research and analysis, it’s not always practical to carry your workspace with you. Mobile trading allows you to streamline these tasks and trade on the go.

Your mobile phone or tablet, on the other hand, can go with you wherever you go. Whether on the train home or out to dinner, you can make a profitable trade in seconds with the proper application on your phone.

The openness an application gives you is unmatched.

  • Notifications

Most good brokers recommend that you receive modified notifications depending on the financial markets and resources you monitor.

The application’s updates feel like an extension of your online trading experience. Moreover, you can trade from the application shortly when you get authorised news. Professional traders can also set the application to warn them of dangers, inform them of limited-time offers, and refresh their portfolios.

With the proper trading application, you don’t have to stress about constantly checking the market. If any critical developments affect your trading advantages, you will know immediately.

  • Helpful gadgets

Most trading apps offer widgets you can place directly on your phone’s home screen. These widgets keep you updated on the latest market trends and alert you immediately if a trade is at risk or a significant profit opportunity arises, all without needing to open the app.

Installing a widget is straightforward. Download the app and its widget from the Google Play Store or App Store, then drag and drop it onto your home screen.

  • Convenience

Due to their convenience, trading websites have traditionally been considered the gold standard for a high-quality binary options trading environment. This is mainly because the larger screens and better data access make finding and analysing quotes easier.

However, developers are now enhancing mobile trading apps to provide the same level of information available on desktop versions. This means you can trade effectively without any compromises, even on the go.

› Sign up for the best Binary Trading app in India: IQ Option

(Risk warning: You capital can be at risk)

Binary Options Trading via App in India: How Does It Work? – Step-by-Step Tutorial

Binary options trading in India works through online platforms where traders can speculate on the future direction of assets. We have reviewed the top 5 apps and platforms for Indian traders for you already. Here is a step-by-step tutorial 

Step 1 – Understanding what binary options trading is.

Website of binaryoptions.com to learn trading

The first step to starting a binary options trading app in India is understanding the concept behind binary options trading.

As the trader, you will decide whether a particular asset’s price will rise or fall within a specific time frame. Based on this, you can then open a trade in your binary trading application. Here, you have two options: Either you speculate that the price of an asset will rise or fall. If your prediction is correct, you will profit; otherwise, you will lose.

The simplicity of this form of trading makes it popular, but please make sure you understand the risks and choose a reliable platform, as there are many scams out there.

Step 2 – Choose a Trading App

The IQ Option app for Indian traders in the Google Play Store

Do thorough research and select a reputable trading app. Look for reviews, regulatory compliance, and security features. Ensure the platform is user-friendly and offers learning resources. IQ Option offers one of the best online trading platforms and applications for Indian traders.

We recommend that traders look at reviews from other platform users, as they can provide insights into the app’s reliability, user experience, and customer service quality.

› Sign up for the best Binary Trading app in India: IQ Option

(Risk warning: You capital can be at risk)

Step 3 – Create an Account

The sign up form of IQ Option for Indian traders

Once you’ve chosen a platform, sign up for an account. You will be prompted to enter basic information such as your name, email address, phone number, and sometimes physical address. This information must be accurate for verification purposes.

Some platforms offer different types of accounts (e.g., standard, premium, or professional) depending on trading volume, features needed, and user experience level. Choose the one that best suits your trading goals and experience.

Step 4 – Practice with a Demo Account

The IQ Option demo account for indian traders

Start with a demo account which uses virtual money. It’s a risk-free way to get hands-on experience with the app’s interface and the trading process without risking actual money.

A demo account uses virtual money, allowing you to explore and experiment with the trading platform without the risk of losing real money. This is especially valuable for beginners who can practice placing trades and get accustomed to the platform’s interface without financial consequences.

Step 5 – Start Trading

The IQ Option trading app for Indian traders

Once you’re comfortable using the platform to conduct your analysis and trades, you may deposit real money into your account to begin trading live money. Remember only to invest what you can afford to lose and have a risk management strategy in mind. Make your prediction on the chosen asset, select ‘call’ or ‘put’, and choose the investment amount.

How to Choose a Binary Broker in India

When choosing a binary broker in India, always look for regulated platforms with a user-friendly interface, a range of assets to trade, and a good reputation in the market.

Customer support and educational resources are also crucial for beginners and experienced traders. We recommend choosing the test winner IQ Option where these are available.

› Sign up for the best Binary Trading app in India: IQ Option

(Risk warning: You capital can be at risk)

Is Binary Trading Legal in India?

The legal status of binary trading in India is not entirely clear. The Foreign Exchange and Management Act (FEMA) strictly forbids participating in binary or forex trading in India via online or digital platforms. Therefore, investors engaging in binary trading within India’s borders are doing so at their own risk, as there are no established legal frameworks to oversee binary trading options transactions in the country’s regulatory authorities.

Traders can still participate through international trading platforms but do this at their own risk. Always make sure to choose brokers that are regulated by reputable authorities to maintain transparency and security in your trading activities.

Conclusion: IQ Option is the best choice for mobile trading in India

In conclusion, making money trading binary options isn’t just a dream at this stage – you can enter your trade into one of these applications and make money from anywhere. On this page, we have shown you the best and safest apps for Indian traders.

Be that as it may, remember that binary options are a high-risk proposition. You can lose your money quickly if you don’t use competent money management and trading techniques.

Overall, IQ Option is the best binary option trading app in India. This platform is well-designed and secured for Indian traders. This dealer comes energetically suggested for a wide range of traders. This level best suits amateurs looking for a simple, straightforward interface.

These are the five best and legal Binary Options Apps in India for trading:

  • 1. IQ Option– Best Binary Software for beginners (most user-friendly)
  • 2. Pocket Option – Best Binary Software for social trading
  • 3. Quotex – Best Binary Software for trading signals and availability in all countries
  • 4. Olymp Trade – A trusted trading platform for Indians
  • 5. Expert Option – Trade binary options effortlessly in India
› Sign up for the best Binary Trading app in India: IQ Option

(Risk warning: You capital can be at risk)

Frequently Asked Questions:

Which is the best app for binary trading in India?

We consider the IQ Option app the best trading app and trading platform in India. It has easy-to-use and advanced features that a trader needs in the binary options market. It is a high-level multi-resource trading program that includes Forex trading, financial derivatives, CFDs, and Binary trading. We recommend choosing IQ Option, India’s top binary trading app.

Is app-based binary options trading allowed in India?

By a wide margin, our #1 Indian binary trading app is IQ Option. The level of this app has been around, and the agent has amassed more than 48 million clients, executing 1,000,000 or more daily exchanges. It offers a user-friendly interface suitable for beginners and experienced traders.

What is the minimum deposit for binary options apps in India?

The minimum deposit for binary options apps in India varies depending on the trading platform. For instance, IQ Option allows a minimum deposit of $10. It’s essential to check with the specific app or trading platform you’re interested in, as each might have its set deposit requirements.

Are there any drawbacks to Indian traders’ mobile trading?

Yes, mobile trading can have issues such as poor signal, especially in remote areas, small screen size and the potential for human error, such as accidentally selecting the wrong options.

About the author

Percival Knight
Percival Knight is an experienced Binary Options trader for more than ten years. Mainly, he trades 60-second trades at a very high hit rate. My favorite strategies is by using candlesticks and fake-breakouts

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