5 best Binary Options Brokers with low minimum deposit
Table of Contents
Below we have presented an all-inclusive guide on the best binary options broker with a minimum deposit:
Broker: | Review: | Minimum deposit: | Return on Investment: | Advantages: | Open account: |
|---|---|---|---|---|---|
1. Quotex.io  | $ 10 | Up to 95%+ 100 assets+ | + Best platform + New broker + Crypto payments + Bonuses + Accepts international clients | Live-account from $ 10 (Risk warning: Your capital can be at risk) | |
2. Pocket Option  | $ 50 | Up to 95%+ 100 assets+ | + Accepts any clients + Bonus program + Social Trading + OTC trading | Live-account from $ 50(Risk warning: Your capital can be at risk) | |
3. IQ Option  | $ 10 | Up to 95%+ maximum payout (in case of a correct prediction) 300 assets+ | + User-friendly platform + Great support + Highest yield + Multiple payment options | Live-account from $ 10 (Risk warning: Your capital might be at risk) | |
4. Olymp Trade  | $ 10 | Up to 92%+ 100 assets+ | + Bonus program + MetaTrader 4 + Webinars | Live-account from $10(Risk warning: Your capital can be at risk) | |
5. Binomo  | $ 10 | Up to 90%+ 60 assets+ | + Bonus program + Account types + Trading 24/7 | Live-account from $10(Risk warning: Your capital can be at risk) |
(5 / 5)
(4.8 / 5)
(4.7 / 5)Introduction:
Binary options are financial instruments that can have two consequences. You either earn a certain amount or leave with nothing. All or nothing is why brokers call them binary options.
Simple standards make binary options attractive to traders of all levels of experience. The offer is even more attractive when you consider the binary options available to traders with a minimum deposit.
A low minimum deposit gives new traders the opportunity to test their skills and potentially earn money. Trading requires skill and a bit of luck, but binary options brokers create a low-risk environment that protects your bank account.
Binary Options Brokers with a low minimum deposit: Our Top 5 picks
- Quotex.io – Best platform for every client
- Pocket Option – High return
- IQ Option – User-friendly platform
- Olymp Trade – Best education
- Binomo – 24/7 trading
1. Quotex.io
Quotex is a relatively new broker in the market. The company offers a wide range of trading assets, easy one-click transactions, and multiple banking methods. Quotex is managed by Awesomo LTD which is based in Seychelles. Awesomo Limited is a member of IFMRRC. IFMRRC is an independent third-party dispute resolution service that is not an official regulatory body.
The website service is available in all countries but not under the age of 18. Traders in the US, Canada, Hong Kong, and Germany may be affected by restrictions on payment methods, but can still deposit in cryptocurrency.
Platform
Quotex is a digital trading platform for various underlying assets. The term digital options refer to trading based on simple price increases and decreases with predetermined costs and fixed outcomes.
No download is required and the platform is completely web-based. The platform supports trading options for securities (companies), foreign exchange, commodities, and certain indices such as the S&P 500.
The expiry time also varies widely: 1 minute, 2 minutes, 5 minutes, 1 hour, and in some cases more than a month. Unless a secondary source is confirmed, withdrawals are made from the same source. There are no withdrawal fees, but some methods may charge fees that are not tied to the platform.
Quotex does not offer any bonuses on their website, but you can use them as soon as you start the deposit process.
Quotex is a relatively new broker in the market. The company offers a wide range of trading assets, easy one-click transactions, and multiple banking methods.
Main features:
- Minimum deposit: $10
- Maximum payout: up to 98%
- Demo: Yes
- Regulated by: IFMRRC members
- Bonus: Yes
The minimum deposit and withdrawal on Quotex is $5 ($10 depending on website location) and is also available in dollars, euros, pounds, and bitcoins. Deposits can be made by credit card, e-wallet, bank transfer, or cryptocurrency, and are usually available within minutes of the deposit.
(Risk warning: Trading involves risks)
2. Pocket Option
If you are looking for a binary broker that serves clients all over the world, including the US and Europe, Pocket Option is one of your best options. Pocket Option is famous in the binary options market for its high fees. Pocket Option’s intuitive platform allows testers and beginners to trade quickly while at the same time earning higher payouts than most other brokers (in case of a correct prediction).
Pocket Option, owned by Gembell Limited, entered the world of binary options trading in 2017 and has been a huge hit in the market ever since. The Marshall Islands International Financial Markets Regulatory Center (IFMRRC) regulates this broker.
Binary options trading often has a bad reputation for its high risk, but Pocket Option is one of the most trusted brokers in the industry. Account creation is easy and the platform works well for both new and experienced traders.
With over 100 assets to trade and a variety of payment methods for international investors, Pocket Option offers trading opportunities to thousands of people around the world. This Pocket Option review will help you decide if you want to be one of them when you look at the account types, assets, and other special features of the platform you have.
Main features:
- Maximum Profit: 96%
- Minimum Deposit: $50
- Minimum position: $1
- Assets: 100+ cryptocurrencies, commodities, stocks and currency pairs
- Platform: Internet, Android, iOS and Windows
- Regulation: IFMRRC
- Bonus: 50%
- Payment: up to 128%.
- Trade Type: High/Low, Turbo
- Social Commerce: Yes
- Account Display: Yes
- US and UK traders: accepted
Deposit and withdrawal:
The Pocket Option user interface makes deposits and withdrawals as straightforward as possible. You can begin with a minimum deposit of 50 USD or more when you’ve signed up on their webpage, confirmed your payment method, and supplied valid identification.
You can fill your account with a variety of payment methods, including credit cards and cryptocurrency. Pocket Option takes practically all major credit cards like:
- Visa
- MasterCard
- Maestro
- Credit card
- Bitcoin
- Litecoin
- Ethereum
- Bitcoin Cash
- Ripples
- Zcash
- Skrill
- NETELLER
Although these are the most popular choices, there are others. Depending on your primary option, you will have no trouble depositing or withdrawing funds.
The minimum withdrawal is also significantly lower than the deposit minimum. For a legal transaction, you simply need to withdraw 10 USD instead of 50 USD. They will not be charged a commission or fee for these transactions, unlike other brokers. Whatever you withdraw will be deposited into your bank account or credit card.
However, be cautious while converting currencies. Many banks charge a fee for these, so if you’re trying to make a lot of money, make sure you’re aware of any fees that may apply outside of the Pocket Option platform.
(Risk Warning: Your capital can be at risk)
3. IQ Option
IQ Option is a legitimate broker and one of the most respected companies in the industry. The intuitive trading platform is the best and I highly recommend IQ Option for traders of all levels, from beginners to advanced.
If you open a standard account with IQ Option, the minimum deposit is $10. The deposit gives you access to the weekly contest and trading platform. VIP accounts are available to clients that deposit significant amounts (the exact amount is subject to change).
IQ Option is an internet trading service that enables traders to do binary options trading, stock trading, FX, ETFs, commodities, and crypto trading, among other financial assets. This broker was founded in 2013 and is operated by IQ Option LTD. With over 48,000,000 registered users and over 1,000,000 trades per day, IQ Option has become one of the most popular trading platforms for traders worldwide. The platform accepts traders from more than 213 countries including India, Nigeria, South Africa, Philippines, Malaysia, Pakistan, and more.
IQ Option is based in Saint Vincent and the Grenadines. If you are looking for the best binary trading platform, IQ Option should be at the top of your list.
Main Features
- Minimum deposit: $10 USD.
- Maximum payout: 95% (in case of a correct prediction)
- Minimum trade: $1
- Assets: 300+ currency pairs, stocks, cryptocurrencies, commodities, ETFs.
- Year of Enrollment: 2013
- Financial instruments: CFDs, binary options, digital options.
- Trading platforms: iOS, Android, Windows and MacOS.
- Account Display: Yes
- US traders: not allowed
Depositing money
The minimum deposit to open a living account with IQ Option is USD / GBP / EUR 10. This broker does not charge any fees for deposit processing.
IQ Option allows you to deposit funds into your account using a number of methods, such as credit cards (Visa and Mastercard) and bank transfers. Skrill, Maestro, WebMoney, Neteller and Cash U are among the e-wallets accepted by this broker. Paypal is not accepted as a means of payment by IQ.
Withdraw funds
The minimum withdrawal for Alternative IQ is $2. To request a withdrawal, you must use the same payment method you used to make the deposit, as the transaction will be treated as a refund. You can then withdraw cash by selecting a payment method. There may be some processing fees associated with bank transfers.
You need to prove your identification before withdrawing funds from IQ Option. This vetting process might last up to three days and is required to avoid fraud and illegal use of your account.
IQ Option processes all withdrawals within one 1-3 business days. Depending on the bank, making bank card withdrawals may take longer.
(Risk warning: Your capital might be at risk)
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
4. Olymp Trade
A brand website is very simple and shows you exactly what you need to keep track of your business and be successful. The brand is offering a minimum deposit of $10 for regular accounts. The first transaction can be made with a credit card, debit card, e-wallet, or cryptocurrency. With a deposit, you can join over 25,000 active traders and trade for just $1.
Olymp Trade is one of the most popular online trading brokers in the industry. This broker has been around since 2014 and has been continuously improving its trading platform over the years. This broker has a variety of educational resources available to its clients, including trading strategies, webinars, and more.
Main Features:
- Minimum deposit: $10 USD.
- Minimum trade: 1 USD.
- Assets: ETFs, stocks, commodities, indices, currencies, cryptocurrencies.
- Regulated by the IFC International Finance Committee and established in 2014.
- 92% maximum payout
- Traders love custom trading platforms.
- There is a rehearsal or demonstration.
- The company does not accept US traders. Not allowed.
(Risk Warning: Your capital can be at risk)
5. Binomo
With a feature-rich platform, Binomo proves that they took the time to evaluate and integrate the most important elements of their online store.
Binomo is a web trading platform serving clients in one hundred and thirty-three countries and is one of the most reputed brokers for Indian, Brazilian, Indonesian, Vietnamese and Turkish traders.
Binomo was launched in 2014 and is owned by Dolphin Corp. located in Saint Vincent and the Grenadines. The company has more than eight hundred and eighty-seven thousand, four hundred and seventy active traders daily and more than thirty million successful trades weekly, Binomo is one of the largest brokers.
Binomo uses its own company trading platform for all traders. For encryption and security purposes, the trading platform makes use of SSL, so your money is always safe in all trading situations. The security of your customer data is of paramount importance as it defines Binomo capacity to keep traders’ financial data safe.
Platform security is essential because traders’ private and financial data is required before they can deposit or withdraw funds. This primary protection layer keeps your data safe and makes Binomo more reputable. Their platform has over 20 different charting tools for chart analysis and trading histories.
Shortcuts provide quick access and speedy trading online and are unique to Binomo. You won’t find it in any other retailer. Binomo also provides financial calendar integration and standalone tabs that you can use with these different charts.
The optimized and efficient platform includes many scalable features and the ability to start trading with a single click that doesn’t require confirmation. This, combined with rapid renewal, allows smart traders to seize opportunities as they arise.
Types of Binary option trade
Binomo offers standard high/low types of trading, also known as call/put and turbo trading. High/Low is a common demand/sell derivative and is generally available with all online brokers.
High/low involves predicting whether an asset’s final market price will rise or fall above its price at the beginning of a given closing date. Turbo searches are similar except for a shorter time frame.
Although the platform does not have many different types of trades, Binomo offers 24/7 trading. The market never closes. This means you can shop whenever you want, including weekends, which sets you apart from other online brokers.
Key Features
- Regulatory Body: International Financial Commission (IFC)
- Minimum deposit: $10 USD.
- Minimum trade: 1 USD.
- Payment: up to 90%.
- Mobile trade: Yes
- Weekend Trading: Yes
- Assets: stocks, commodities, indices and currency pairs.
- Account Display: Yes
- US and UK traders: not allowed
Deposit and withdrawal
The minimum deposit amount on Binomo depends on the type of account you want to open. With a standard account, you can start trading with $10 real funds, but with a VIP account, you will immediately lose more than $1000.
Withdrawals are eligible for a 10% commission, but only if you have not completed the minimum number of transactions. The site uses SSL to encrypt and secure your data, and up to 20,000 USD in funds are protected from fraud.
For deposits and withdrawals, there are several options:
- Credit cards (Visa and MasterCard)
- NETELLER
- Jeton
- Transfer to Indian Bank
- And many more
(Risk Warning: Your capital can be at risk)
What are the benefits of using a low-deposit Binary Options Broker?
Independent brokers strive to make trading as easy and straightforward. Binary options with a low minimum deposit have made trading much easier. Within minutes, you may open an account and begin to trade.
For the minimum deposit to be more appealing, the broker provides different types of promotions. A few brokers may give you up to 100% of your first deposit back. When you open a 10-dollars account, the broker will offer you an additional 10 dollars for that account.
Sign up for an account with many brokers
Binary options brokers render the different levels of services. So, you may want to sign up for several accounts with these brokers and compare them to verify which broker has a decent platform suitable for your trading needs and who doesn’t. You may simply locate an alternate broker that meets your goals and budget, based on my own experience.
Keep the following in mind when searching for a broker:
- Promotions/bonuses offered
- A minimum deposit required.
- The total amount of assets traded
- It’s simple to use.
- App for mobile devices
- User Feedback
- A fee
- Excellent customer service
Management of risk
Each binary option carries specific risks to the trader. Minimum deposit binary options reduce this risk. Instead of betting 100ths or 1000ths of dollars at a time, you can increase your method by starting trading from 5 dollars to 10 dollars.
Do you want to reduce your risk to zero? Try the free demo account.
A binary options broker allows you to create a free demo account and start trading virtual currencies. Even though you won’t be able to withdraw your profits, this is an easy and risk-free way to learn how to trade.
What is the smallest trade amount for binary options?
You’ve made a bare minimum deposit. It’s now time to begin trading. While each broker has a different minimum trading value, you can find bargains for as little as 1 USD.
Olymp Trade and Binomo, for example, provide 1 USD transactions. The low binary option allows you to get the most out of your minimum deposit. The majority of brokers equally offer roughly 90 percent to 95 percent payout, meaning for every 1 USD you gamble correctly, you obtain get ninety to ninety-five cents.
What deposit methods does the broker offer?
Cryptocurrency
In spite of their growing appeal, virtual currencies are still not prevalent. Brokers were among the early adopters. They offer traders additional ways to make initial deposits. For your funds to be deposited successfully, the platform includes secure and encrypted email services.
Crypto coins are perfect if you wish to utilize a foreign broker because they’re tough to track. Citizens of the United States are currently prohibited from binary options trading outside of the United States. It is nearly impossible for you to be tracked by the government through the operations of the middlemen if you make your deposits with cryptocurrency.
Credit and debit cards
Most key credit cards are accepted by the broker, and these include Visa, Mastercard, and Citibank. Credit and debit cards make making timely deposits and withdrawals possible.
You also don’t have to be concerned about your safety. Firms like Visa provide cutting-edge fraud protection measures to ensure that minimum deposits reach the intended recipients. They also alert you and your middlemen to the possibility of data theft.
Banktransfer
Transferring money straight from a bank to a merchant which means a broker in this situation is known as a bank transfer. The transfer guarantees a secure and quick deposit and includes a digital receipt. For every transfer, the majority of financial institutions levy a fee ranging from 15 USD to 50 USD.
Wire transfers take a few minutes to complete, so you can start trading with your funds practically immediately. It may take 1 to 2 business days to wire a deposit to an offshore broker. You can also transmit big sums of money, up to 250,000 USD every day on average.
Electronic wallet
As per the Times of India, cryptocurrencies account for 92 percent of the world’s currency. To safeguard your funds, utilize an e-wallet. Without using a credit card or cash, you can deposit money straight to the broker using electronic devices.
Moneybookers, Neteller, WebMoney, and Skrill are among the most popular e-wallets. It functions in the same way as a credit card, except it is far more secured and encrypted. Download the e-wallet, then proceed to the broker’s checkout page and choose the e-wallet option.
Are you prepared to begin trading binary options? Make a little deposit with a reputable broker right now.
Different types of Binary Options trading:
Different types of binary options offer different returns and different levels of risk. However, losses are always predetermined. The loss is the full amount of the investment. Some brokers offer different types of binary options that you can trade. You can find different types of binary options, but some of them (e.g. short-term options, long-term options) come from a few basic types. The three most popular options are:
- High/Low options
- Touch options
- Boundary (range) options
Many other types can also be traded, but not often. So, if you are interested in one of these types, you may need to do a little digging to find a specific broker that offers these types of binary options trading.
- Spread options
- Pair options
- Ladder options
- Option Builder
The broker also gives you the opportunity to choose different expiry times for the option types listed above. They have a very wide expiring time and the transaction time can vary ranging from one month to 30-60 seconds. The following are presented as different types of binary options, but actually represent different classifications based on their expiration time. They all come from the High/Low option type. Other most popular “types” worth mentioning are:
- Short-term;
- Long-term
- 60-second binary options
The duration of each option type can usually be set according to the trader’s choice or strategy and, of course, what the broker offers.
Some sources mistakenly describe a “vanilla alternative” as a form of binary option. Vanilla is another investment vehicle that has little in common with binary options.
See our other articles about Binary Options Brokers:
Last Updated on January 3, 2024 by Andre Witzel
