Binary Options Signals – Top 6 Free Providers for Trading

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

CloseOption - Best binary options broker for 2025 (United States)

Open an account

Your capital is at risk.

We’ve selected the Top Broker in your country. To learn about the best broker in a different region, please select a country from the list below:

Best free binary signal providers:

Pocket Option - Best for beginners ($5 min deposit, copy trading, many bonus offerings)
IQcent - Best platform for market analysis (real-time technical analysis, news, and trading calendar)
Raceoption - Best trading competitions (weekly contests with automatic participation)
Binarium - Best for testing new trading approaches (cashback on loosing trades up to 15%)
Binary.com - Best for advanced trading strategies (multipliers combine leverage trading with the limited risk of options)
Binarycent - Favorable trading conditions (payouts up to 95%, deposit bonus up to 100%)

There are many of Binary options signal platforms out there, and new ones are being added all the time, so we decided to focus on just seven of the most popular ones, so you can narrow your focus. Feel free to explore other options, but definitely add these to your short list!

Top 6 Reliable Free Binary Signal Providers

	Min. deposit	Open an account
Pocket Option	5	Open an account Your capital is at risk.
IQcent	100	Open an account Your capital is at risk.
Raceoption	250	Open an account Your capital is at risk.
Binarium	5	Open an account Your capital is at risk.
Binary.com	5	Open an account Your capital is at risk.
Binarycent	250	Open an account Your capital is at risk.

This section outlines features and signals provided by a platform for binary trading. Here's a brief breakdown:

Copy Trading Signals: Users can follow and replicate trades made by experienced traders in real-time, allowing beginners to learn strategies and potentially improve their trading success.

Free Price Alerts: Instant notifications about significant price movements or specific asset thresholds, helping traders make timely decisions and stay updated on market changes.

What Are Binary Options Signals

The best way to describe binary options signals is that they are trading tips. These tips are provided by professional traders, trading companies, and sometimes by algorithms and digital calculations.

Binary options signals offer a snapshot of what is happening on the markets now, and some insight into what might happen next. So, particularly for new traders, they’re a great way to lower your risk when trading.

Some of the most useful signals are entry and exit signals. Essentially, these signals tell you when you should be buying, and when you should consider selling. This helps to increase profit and limit risk.

Other signals include no touch, one touch and above below, in, out, range or above/below binaries and more.

While it is possible to analyze market data and make predictions yourself, it’s easier (particularly if you are new to trading) to do so with the help of some expert opinion. Of course, it’s not an exact science, but with some platforms reporting over 70% accuracy, it gives you a higher chance of making the right decisions.

Main Binary Options Signals Platforms

The good news is that technology has made it very easy to access binary options signals. In fact, there’s a platform, portal or app that will work nearly anywhere. Some of the more common options are:

Telegram Signals
Many binary options signals providers use Telegram groups to share information. Getting these signals is as simple as joining the group, and with push notifications, you can stay up to date in mostly real time. Telegram itself is a free and easy to use instant messaging system that works on Android and Apple devices.

Twitter Signals
Twitter is another social media platform that is often used for binary options signals. Simply follow the accounts that share the information and get up to date information as it happens. If you have Twitter on your mobile phone, and push notifications enabled, you can also get up to date information delivered right to your pocket.

Apps
Many companies that offer binary options forex signals (and other market and trading data streams) also have their own apps. Most are available for Android or Apple, so no matter what kind of phone or tablet you’re using, you can access them easily.

Websites
There are a variety of websites that offer binary options signals information. Some are prebuilt, and others, like DBot, let you build and customize your own platform with the specific information you want to be able to access.

Many of the companies that offer binary options signals and other investing products and services do have options for more than one platform and device too. So, if you have a preference for one, or want to be able to access your account from more than one device, you can simply opt to sign up for one of those.

Binary Signals Pros and Cons

Binary signals are a great way to hit the ground running. It takes a long time to learn enough of the market to accurately predict what will happen next, which makes this great for people who are new to trading – or trying out different types of trading.

Some of the platforms out there also offer demo accounts – so you can use fictional “money” in a trial platform to see how you do before you put your own cash on the line. You won’t make anything from your demo trades, but you also won’t lose any!

However, as with anything, something that seems so simple can create a false sense of security. It’s important to remember that binary signals are not 100% accurate, and you still need to use your own judgement to make the best calls for your own trades.

Not all platforms are created equal either, so you should definitely to a lot of research before you sign up for anything. Choose options that have a free trial or use a “freemium” model, so you can see how they work and if they work for you before you invest any real money.

It should be noted that binary options (and every other kind of investment and trading) is not an exact science, and there is an element of volatility. So, if you are new to this kind of trading, it’s a good idea to start small, learn as much as you can, and take it slow. Making the wrong choices with large sums of money could lead to big losses.

Are binary signals worth it?

How to Choose a Binary Options Forex Signals Platform

There are a lot of people looking to make money in forex trading – so it’s no surprise that there are a lot of binary options forex signals platforms out there.

Here are a few things you should consider before signing up:

How long they have been around. Yes, there are great, new platforms, but there’s no way of knowing which ones they are until they’ve been tested for a while. If you’re new to signals, stick to the established platforms.
Demo accounts are another good indicator that the platform you’re considering is a good one. If they’re willing to let you test the water without investing money, they’re probably a better choice.
Reviews. As with anything online today, never sign up for anything without first reading reviews! One bad review shouldn’t turn you off completely, but if there are many, it’s a big red flag.
Easy and accessible support. You’re going to need some help to get set up and comfortable. Make sure the company you choose offers a variety of ways to access support when you need it.
Trading regions. Some platforms only work in Europe. Others work in the USA. Some cover both. Make sure that the platform you choose works for the region you are interested in.
The platform. If you don’t have social media, binary options forex signals that use them are useless to you. Likewise, if you want to use an app a web-based service won’t work. Make sure that you choose the right technology for your needs.
Finally, as with everything on the internet, make sure you consider security. Look for sites that offer advanced account security options, and features like one-time passwords, email notifications and two factor authentication.

It’s a good idea to try a few different binary options signals providers before you choose the one you want to work with. Most (even the paid ones) will give you a free trial or demo, so you can see if they’re a good fit. Consider joining binary options forums and communities too, so you can ask people with more experience what their recommendations are and make informed choices.

How to Use Free Binary Signals

Many of the binary options signals providers we mentioned here have more than one application and platform. So, we signed up for Deriv, which is a free binary options signals platform from Binary.com. Here’s what you have to do to use this platform.

Go to Deriv.com

Go to Deriv.com

Create a free account – but take note that Deriv is not available in every country! You can also choose between a live account and a practice account, which is great if you’re just trying this kind of trading out.

Create a free account

Login to view your dashboard

Choose your tradable assets. There are over 50 available on the platform, with a minimum stake of $0.35, so you don’t have to start with a lot of money!

Use the platform to buy and sell options. With the possibility to make up to 200% per trade, and a holding period of 1 second to a full year.

Are binary options signals worth it?

For most traders, signals are not worth paying for on their own. The market is unpredictable and no provider can forecast moves with flawless accuracy. By the time a signal is sent, the ideal entry price may have passed.

However, signals can provide value when used properly as part of a broader trading plan. The key is not relying on them completely but using good signals to supplement your own analysis. Look for providers with a proven track record of at least 65% accuracy.

Used correctly, credible signals can draw your attention to opportunities and trades you may have otherwise missed. But your money is still at risk. Signals don’t remove the need for traders to understand why a call is made.

In most cases, it's not worthwhile paying solely for signals without developing your own skills. But quality signals from a reputable source can boost your results when combined with independent research and trade selection. The value is in enhancing your profits - not replacing the need to learn.

Are binary options signals useful for beginners?

Many experienced binary options traders believe that signals can provide newcomers a useful starting point, but should not be solely relied upon. In the initial phases, following some signal provider's picks allows novices to witness how trades unfold in real-time across assets like currencies. This hands-on exposure helps observers understand technical indicators and the short-term fluctuations of markets.

However, it's important for beginners to recognize signal services are ultimately aimed at profiting own businesses, not ensuring client success. Not every recommendation will prove profitable since various unpredictable factors can impact outcomes. Novices would be wise to develop independent analytical skills in tandem with considering signals, rather than using signals as a replacement for education.

Studying why certain technical or market levels prompt signals can start guiding novices' own evaluations. With experience, patterns will progressively become identifiable without third-party interpretation. Relying long-term on someone else's calls rarely proves an optimal strategy. Mastering independent evaluation often separates enduringly successful traders from those who struggle.

Expert opinion

“Where are all the customers’ yachts?” It's an old joke on Wall Street. Someone is brought by his buddy, a broker, to his yacht club. They look out at all the lovely boats owned by his fellow brokers. The guest asks where the customers’ boats are. There are none. Period. Providing brokerage services is so much more profitable than being on the receiving end of those services.

When you find a gold rush, with mobs of halfwits chasing dreams of riches – like today’s markets – don’t be a miner. Sell pickaxes. No one remembers any of the thousands of failed miners in the California gold rush. Everyone remembers Levi Strauss.

How do you profit from binary options, especially on platforms that allow you to ape some lucky statistical outlier who is about to revert to the mean? Be a pickaxe business, not a miner.

Both the platforms and the traders you’re aping need to be looked at with a big degree of skepticism. Traders who are copied in particular should be watched carefully to determine how much they're talking their book. How much of their trades are bait and switches, pump and dumps? Of course you might find a group of Theravada Buddhist traders out there, seeking to reduce everyone’s suffering by handing out saffron-colored alpha, but their deals probably suck.

The best idea when trading options is to do your homework to actually understand the market. It's hard. Frustratingly so. But you're an adult. So, act like one and do the work.

FAQs

What information is included in a binary options signal?

Typical information includes the asset to trade, entry price, expiration time/date, and direction (call/put, up/down). Some providers offer additional details about risk/reward.

How accurate are binary options signals?

Accuracy varies greatly by provider. The best services have claimed win-rates of 70-85% but traders should verify claims before subscribing.

How many signals get sent on average per day or week?

Distribution frequency is provider-dependent but averages range from 3-15 signals per day, up to 50-100 per week. Too many signals can be detrimental if hard to act on quickly.

Are trader skills still required when using signals?

While signals automate analysis, traders still need skills in areas like risk/money management, emotional control, following rules/plans, and managing trades/exits. No signal replaces having trading competencies.

Team that worked on the article

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

Learn about our editorial policies

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Copy trading

Copy trading is an investing tactic where traders replicate the trading strategies of more experienced traders, automatically mirroring their trades in their own accounts to potentially achieve similar results.

Volatility

Volatility refers to the degree of variation or fluctuation in the price or value of a financial asset, such as stocks, bonds, or cryptocurrencies, over a period of time. Higher volatility indicates that an asset's price is experiencing more significant and rapid price swings, while lower volatility suggests relatively stable and gradual price movements.

Investor

An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.

Forex Trading

Forex trading, short for foreign exchange trading, is the practice of buying and selling currencies in the global foreign exchange market with the aim of profiting from fluctuations in exchange rates. Traders speculate on whether one currency will rise or fall in value relative to another currency and make trading decisions accordingly. However, beware that trading carries risks, and you can lose your whole capital.

Options trading

Options trading is a financial derivative strategy that involves the buying and selling of options contracts, which give traders the right (but not the obligation) to buy or sell an underlying asset at a specified price, known as the strike price, before or on a predetermined expiration date. There are two main types of options: call options, which allow the holder to buy the underlying asset, and put options, which allow the holder to sell the underlying asset.

Top 5 companies for you

United States