10 Best Binary Options Brokers for Trading with Low Minimum Deposit
Best binary options broker with low minimum deposits - Pocket Option
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1
Pocket Option - minimum deposit is $5
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2
QUOTEX - minimum deposit is $10
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3
IQcent - minimum deposit is $20 to 50 USD depending on region
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4
Binarium - minimum deposit is $EUR 5 / USD 5 / UAH 150 / RUB 300
Getting started with binary options trading usually requires depositing funds into a brokerage account. While many brokers have account minimums of $100 or more, some high-quality brokers allow you to open an account and start trading with just $5 or $10. These low deposit binary options brokers make it easy to put your toe in the water and learn the markets with lower upfront cost and risk.
Trading with only a small amount of capital may limit your potential profits. However, by selecting trades carefully, managing risk properly, and working within the constraints of a micro account, it is absolutely possible to execute a strategic, disciplined approach. You can gain invaluable experience while still protecting your capital base.
In our guide we identify regulated, reputable platforms that offer top-tier trading tools, resources, features, and make trading accessible for those operating even with modest account balances.
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What assets can I trade with a low minimum deposit account?
Most brokers allow you to trade major Forex currency pairs, stocks, commodities, and cryptocurrency CFDs even with small account balances.
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Are bonuses available on low deposit accounts?
Yes, many brokers offer deposit bonuses up to 100% or risk-free trades even if you deposit only the minimum amount to open an account.
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Can my account be disabled if I only make the minimum deposit?
No, as long your account remains active, funded above $0 balance, and you follow all terms, it will stay enabled regardless of your deposit amount.
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How long will my minimum deposit last realistically before needing to add more funds?
On average, anywhere from a couple weeks to a couple months, depending on your trade frequency, win/loss rate, and withdrawal activity impacting balance.
Best Binary Options Brokers With Low Minimum Deposits
| Broker | Minimum deposit | Assets | Signals | Open an Account |
|---|---|---|---|---|
$5 |
currency |
No |
|
|
$USD/EUR/GBP/AUD 5 |
indexes, Forex, goods, stock, random index |
No |
|
|
$USD 10 |
currency pairs / CFD, indices, Cryptocurrencies, Commodities |
No |
|
|
$EUR 5 / USD 5 |
indexes, Currencies, Cryptocurrencies |
No |
|
|
$$5 |
Binary options (currency pairs, pairs of fiat and cryptocurrencies) |
No |
|
|
$10 USD |
Options, stock, Forex, Crypto, Commodities, indexes, CFDs on ETFs |
No |
|
|
$$10 |
Currency pairs |
Yes |
|
|
$20 to 50 USD depending on region |
currency pairs / CFD, Commodities, Options, Crypto, Currencies, Stocks |
Yes |
|
|
$10 to 20 USD depending on region |
Stocks, Commodities, Crypto, Options, currency pairs / CFD, Currencies |
Yes |
|
|
$50 USD |
Commodities, Currencies, Options, Stocks, Crypto, currency pairs / CFD |
Yes |
|
Binary Options Brokers With Low Deposits – How Do They Compare?
1. Pocket Option
The Pocket Option broker is part of Gembell Limited holding, which was founded by a group of professionals seasoned in trading and investment activities. The company is mass-market requirements-based, therefore, it provides quality services to binary options trading in the OTC market access. The broker strives to make the trading process as simple, clear, and convenient as possible. For this reason, Pocket Option has developed a unique trading platform to ensure stable trading for traders and investors.
👍 Advantages of trading with Pocket Option:
•Low entry threshold. The minimum deposit is from $5.
•There is a service for copying trades (social trading).
•There is a set of free trading robots.
•Possibility of combining binary options trading with Forex trading.
•Wide range of assets and trading tools.
•It is possible to replenish the account with cryptocurrency.
👎 Disadvantages of Pocket Option:
•Complex approach to the reward system (crystal store).
•Support service responds within 24-48 hours, which is also too slow.
2. Binary.com
Binary.com (Deriv) is one of the first brokers to offer binary options trading. The company was founded in 1999. Since then, despite the riskiness of options trading, it has not lost its popularity. However, the broker can trade not only binary instruments, but also currency pairs, cryptocurrencies, as well as raw materials, metals, stock, and synthetic indices, and futures. The Binary (Deriv) brokerage company is controlled by the regulators of Malta, Malaysia, Great Britain, and Vanuatu. This ensures the safety of traders' funds and the ability to resolve controversial issues quickly if any arise.
👍 Advantages of trading with Binary.com:
•extensive experience (the company has been operating for more than 20 years) and the availability of a regulator;
•the minimum amount for replenishing and opening a bid is $5 and $1, respectively.
👎 Disadvantages of Binary.com:
•online chat for support is not available on the company's website;
•no cent account;
•sometimes there are platform failures;
•there is no trust management accounts;
•sometimes there are delays in the withdrawal of funds;
•some clients have difficulties with the registration process;
•sometimes technical support takes a long time to respond.
3. QUOTEX
QUOTEX is a broker specializing in binary options trading. The company was established in 2019. Its clients can trade currencies, metals, oil, cryptocurrencies, stock indices and earn a profit of up to 90% of the value of the option. QUOTEX has developed a proprietary trading platform which is easily customized, supports 29 technical indicators and allows investments from USD 10. The broker’s team provides support 24/7. Personal and payment information of the clients are protected with two-factor authentication.
👍 Advantages of trading with QUOTEX:
•Affordable minimum investment amount – USD 10;
•No trading fees and no deposit, withdrawal and account fees;
•Simple and user-friendly trading platform designed for binary option trading.
👎 Disadvantages of QUOTEX:
•Leveraged trading is not available;
•No license of an international regulator;
•There is no quality education and instruments for analysis on the website;
•You cannot withdraw the deposit bonus;
•Shares are not included in the available trading instruments.
4. Binarium
Binarium is a broker providing access to trading binary options. The company was established in 2012. The broker is positioned as a reliable company oriented primarily at the CIS market, which is testified by a fully Russian-language website and the focus of customer support on Russian-speaking traders. Client funds are safely held in segregated accounts, which means that the money of traders is held in European banks, separately from the broker accounts. Binarium is a perfect option for novice traders, who want to start their professional career with binary options that are simpler compared to Forex.
👍 Advantages of trading with Binarium:
•Intuitive platform;
•Copy trading service;
•No hidden fees.
👎 Disadvantages of Binarium:
•Small selection of trading instruments;
•Small choice of indicators of technical analysis (less than 15);
•Small choice of option types. Options Touch, Range, Ladder are not available;
•Comparatively small reward. Despite the declared “up to 90%” return, the actual yield is 70-80%;
•There are some questions about accuracy of quotes;
•No regulation, offshore registration;
•Inconvenient website from the usability standpoint.
5. CloseOption
CloseOption is a binary options broker that was registered in Georgia in 2013 and operates under the supervision of the National Bank of Georgia. It provides its clients with trading in pairs with fiat currencies and cryptocurrencies through a proprietary web platform. CloseOption’s services are used by over 2 million traders worldwide, including the United States. The broker specializes in active options trading but also offers an affiliate program to generate passive income. More than ten payment systems are available to CloseOption clients for depositing and withdrawing funds, with the majority of them allowing fee-free transactions.
👍 Advantages of trading with CloseOption:
•licensed by a reputable financial regulator;
•loyal first deposit of $5;
•size of payments increases as trading volumes increase;
•money prizes for trading with virtual funds;
•many ways to contact technical support that operates 24/7.
👎 Disadvantages of CloseOption:
•a small range of trading assets;
•clients cannot trade with leverage;
•payments on accounts with small deposits are lower than those of competing brokers.
6. IqOption
The company was founded in 2013 and today is among the leaders in this genre thanks in large part to its proprietary platform. In 2017, the broker was awarded the highest award by the Communicator Awards.
👍 Advantages of trading with IqOption:
•convenience from a visual narrative, the platform is user-friendly for novice traders;
•one of the highest levels of remuneration in the segment of binary options.
👎 Disadvantages of IqOption:
•a limited number of timeframes in comparison with MT4, without the possibility of setting non-standard intervals;
•the online platform is heavy on your computer’s RAM;
•there is a shared offer, not all trading conditions are displayed on the website and in the personal account. You have to investigate them either through trial and error or with the help of support services;
•there is no possibility of adding additional indicators, no algorithmic trading is provided;
•delays in cash withdrawal.
7. Intrade Bar
Intrade Bar began operations in the CIS countries in 2016. The company is dedicated to providing favorable conditions for binary options trading. The broker works with FXCM, a reliable liquidity provider, to ensure that its clients receive accurate currency quotes. One of the distinguishing features of Intrade Bar is the fixed payment on trades, which ranges from 82 to 85%. Because the company listens to its clients’ needs, it is constantly improving the functionality of the trading platform by adding new indicators and tools.
👍 Advantages of trading with Intrade Bar:
•a risk management function, that is, the ability to set acceptable values of loss and profit;
•low minimum deposit;
•two types of strategies: Classic and Sprint trading.
👎 Disadvantages of Intrade Bar:
•no trade copy service or options for passive earnings;
•a limited set of trading instruments — only currency pairs;
•offshore registration and lack of a license;
•an uninformative website without education tools or analytics;
•the support service does not work on weekends or after 17:00 Moscow time.
8. IQcent
IQcent is a Marshall Islands-registered broker that offers access to online CFD and binary options trading. The company accrues many bonuses to customers and allows you to use electronic payment systems for depositing and withdrawing funds. IQcent offers a proprietary terminal with built-in technical analysis tools that support standalone and copy trading. The company also has a trading platform for mobile devices (mobile app). IQcent clients get trading access to the following instruments: binary options, CFDs on stock indices, gold, silver, currencies, and cryptocurrencies. In total, more than 100 trading instruments are available to IQcent clients. The company does not charge commissions for making a deposit, withdrawing funds in cryptocurrency, and maintaining a trading account. IQcent provides clients with access to primary training articles and guides and uses modern technologies to ensure the safety of client funds and users' personal data. 256-bit SSL encryption, 3D Secure, and Visa MasterCard Secure Code are used to achieve these goals.
👍 Advantages of trading with IQcent:
•The available minimum deposit is $20 on a Bronze account.
•A simple but functional web trading terminal that does not require installation and is compatible with most devices.
•Regular update of bonus programs.
•The ability to receive additional income for attracting new customers.
•Access to trade in more than 100 financial instruments, including currency pairs, cryptocurrencies, stock indices, gold, and silver.
•Availability of useful tools such as technical and fundamental analysis tools, a section with current news, and an economic calendar.
•The support team, including online chat operators, is available 24/7.
•Regulation IFMRRC.
👎 Disadvantages of IQcent:
•IQcent does not provide MetaTrader terminals.
9. Raceoption
Raceoption is a Forex and binary broker providing financial services internationally. The company offers optimal trading conditions for buying and selling assets of different groups, and it gives options to make money on binary options and copy transactions of professional traders. Raceoption clients have access to a referral program and bonuses; the broker also regularly conducts trading competitions among all traders. Trading is available around the clock, and the support service is also available at any time of the day.
👍 Advantages of trading with Raceoption:
•The company offers ways to generate passive income.
•It offers many methods to deposit and withdraw funds.
•The broker cooperates with traders globally.
•It takes only a few minutes to open a trading account.
•There are no commissions for maintaining the account or for non-trading activities.
👎 Disadvantages of Raceoption:
•The company charges a 5% commission for money transfers via VISA cards.
10. VideForex
VideForex is an international broker that allows traders from all over the world to trade on the Forex market. The company provides clients with more than 100 instruments, ways to earn passive income, and three types of accounts that differ in various functions. VideForex indicates that its activities are regulated and the personal data of users is protected.
👍 Advantages of trading with VideForex:
•You have access to a demo account.
•Support is available 24/7.
•The broker offers several methods to deposit and withdraw funds.
•Customers of VideForex may trade independently, as well as copy trades of professional traders.
•Transactions can be made from the broker's web platform and through mobile apps.
•VideForex provides lightning-fast execution of withdrawal transactions, within 1 hour.
👎 Disadvantages of VideForex:
•The broker does not provide educational materials for its clients.
How To Make A Binary Options Deposit? Step-By-Step
Binary options allow you to grow and earn more money. However, there are multiple steps included to get started with it, which are as follow:
Step 1: Get to know more about binary options
Many people can find binary options complex, and it is one of the reasons you should get educated regarding it first and then move ahead with the next steps. It will give you a clear picture of how it works and how much you can expect.
Step 2: Connect your device to the internet
Binary trading is done online via trading platforms. You will need mobile phones or a computer device connected to the internet to start the trading.
Step 3: Choose a reputed online binary options
Binary options are often traded through specialized brokers. So, you can choose one renowned broker who will help you choose the best binary platform.
Step 4: Register and binary options trading account
In this process, you have to choose the account type that suits you the best as per the requirements. Make sure that you have enough funds restored to cover the premium.
Account Opening on Pocket Option
Step 5: Start live trading
This is the last step, and you are ready to start trading finally. To attain your goals, create an authentic strategy to help you a chieve your objectives.
Pocket Option Trading Platform
Why Should You Choose a Binary Broker With a Low Minimum Deposit?
There are multiple reasons why a binary broker with a low minimum deposit is the best option for everyone. Some of the prominent reasons are mentioned below:
Easy To Get Started
The significant goal of the brokers is to make it accessible to the investors. If you are just a beginner, who wants to learn more and expand in Binary broker, binary options minimum deposit is the right choice for you. Get started with a minimal deposit, and understand how it turns out.
Free Demo
Investors who are scared of taking risks can start up with a free demo account. You can also watch various video tutorials, read guides, and learn more about it.
Set Your Account With Various Brokers
All the binary options are different from one another. If you want to choose the best one, list out the platforms, compare them and find the one, which completes your requirement. However, do not forget to consider some of the essential things: Minimum Deposit, Promotions, Mobile App, Fees, User Reviews, Customer Service, and Number of Tradable assets.
Best Binary Brokers Deposit And Withdrawal Explained
Binary options trading is one of the foremost schemes for traders. It has helped many low-skilled traders earn extra bucks. The binary platforms, which have higher payouts, have higher deposit bonuses. Choosing the right platform can be a bit challenging for beginners. Therefore, one must consider multiple factors before choosing one, such as country restrictions, customer services, technical support, underlying assets, and platform regulation.
How to start Binary Options trading?
Starting binary options trading involves several steps. Here's a general guide to help you get started:
Educate Yourself: Begin by gaining a solid understanding of what binary options are, how they work, and the associated risks. Learn about different trading strategies and familiarize yourself with market analysis techniques. There are various educational resources available online, including articles, tutorials, and video courses.
Choose a Reliable Broker: Select a reputable binary options broker that aligns with your trading needs. Consider factors such as regulation, asset variety, payout rates, deposit/withdrawal methods, and customer support. It's important to research and compare best binary options brokers with low binary minimum deposit to find one that suits your requirements.
Open an Account: Once you've chosen a broker, open a trading account with them. This typically involves completing a registration process, providing necessary identification documents, and agreeing to the broker's terms and conditions.
Deposit Funds: Fund your trading account with the required minimum deposit (binary trading minimum deposit may be $1). The deposit methods offered by brokers may include bank transfers, credit/debit cards, or e-wallets. Ensure you understand the deposit process and any associated fees or restrictions.
Practice with a Demo Account: Many brokers offer demo accounts where you can practice trading without risking real money. Utilize this opportunity to familiarize yourself with the trading platform, test different strategies, and gain confidence before trading with actual funds.
Learn the Trading Platform: Get acquainted with the trading platform provided by your broker. Understand how to execute trades, set trade parameters (such as expiry times and investment amounts), and use the available charting tools and indicators. Familiarize yourself with the platform's features to effectively analyze the market and execute trades.
Develop a Trading Strategy: Create a trading strategy based on your risk tolerance, financial goals, and market analysis. Determine factors such as asset selection, entry and exit points, money management, and risk management techniques. Remember that consistent profitability often comes from a well-defined strategy and disciplined approach.
Start Trading: Once you have a strategy in place, begin trading by selecting suitable assets and executing trades based on your analysis. Monitor your trades, track their performance, and make adjustments as necessary.
Manage Risk: Implement proper risk management techniques to protect your capital. Set limits on the amount you are willing to risk per trade and avoid overexposing your account to any single trade. Use stop-loss orders and take-profit levels to manage potential losses and secure profits.
Continuous Learning: Forex trading is a dynamic field, and continuous learning is crucial for success. Stay updated with market news, economic indicators, and industry trends. Attend webinars, read educational materials, and engage with the trading community to enhance your knowledge and improve your skills.
Remember, trading binary options involves risks, and it's essential to approach it with caution. Only invest what you can afford to lose, and never rely solely on binary options trading for financial stability.
Pros and Cons Of Low Minimum Deposits Binary Options Brokers
👍 Pros of Low Minimum Deposits Binary Options Brokers:
•Accessibility: Low minimum deposit requirements make binary options trading more accessible to a wider range of individuals. It allows beginners or traders with limited capital to participate in the market and gain experience without needing a substantial initial investment.
•Risk Management: With a low minimum deposit, traders can manage their risk more effectively. They can start with a smaller account size, risking only a fraction of their capital per trade. This can help in learning and practicing risk management techniques before committing larger amounts of money.
•Flexibility: Low minimum deposit brokers provide flexibility for traders to test different strategies or experiment with new trading approaches. They can try out various techniques, trade sizes, and assets without significant financial commitment. This flexibility allows traders to adapt and refine their strategies over time.
•Learning Opportunity: low deposit binary options brokers offer a valuable learning opportunity for novice traders. With a smaller initial investment, traders can gain hands-on experience and understand the dynamics of binary options trading without risking significant capital. This allows them to learn from both successful and unsuccessful trades, refine their strategies, and gradually build confidence before committing larger amounts of money.
👎 Cons of Low Minimum Deposits Binary Options Brokers:
•Limited Account Features: Some low minimum deposit brokers may restrict certain features or benefits for accounts with minimal deposits. This can include limited access to educational resources, research tools, or customer support services. Traders should be aware of any limitations that may affect their trading experience.
•Higher Risk of Overtrading: Low minimum deposits may lead to a higher risk of overtrading. Traders with small account balances may be tempted to take excessive risks or make impulsive trades, as the impact of losses is relatively low. This can potentially lead to poor trading decisions and significant losses.
•Potential Limitations on Withdrawals: Certain brokers with low minimum deposits may impose restrictions on withdrawals. They may have higher withdrawal fees, minimum withdrawal thresholds, or longer processing times. Traders should carefully review the withdrawal terms and conditions to ensure they align with their needs and expectations.
It's important to carefully consider the pros and cons of low minimum deposit brokers based on your individual circumstances and trading goals. While low minimum deposits can provide accessibility and flexibility, it's crucial to approach trading with proper risk management, realistic expectations, and a solid understanding of the risks involved in binary options trading.
Best Binary Trading Alternatives
Expert Opinion
My first piece of advice would be to treat your initial trading balance like a learning and experimentation fund rather than money you expect to withdraw as profits. With a minimal deposit amount, it's easy to feel like you are less at risk and be more cavalier with trades. However, losses still add up quickly. Use the low barrier to entry as an opportunity to try different strategies and assets without pressure to come out ahead financially.
Secondly, research the brokers' withdrawal policies thoroughly before signing up. Some obscure longer waiting periods or higher minimums to take funds out versus depositing. You want a broker where you feel confident you can get your original investment back if you decide binary options aren't for you or the broker isn't a good fit.
Finally, keep position sizes small relative to your balance when first starting out. It's tempting to try and make up for a small account size with larger bets, but this is how new traders often wipe out their deposits rapidly. Stick with 1-2% risk per trade as you're feeling out the markets.
Methodology for compiling our ratings of binary options brokers
Traders Union applies a rigorous methodology to evaluate brokers using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Brokers are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Brokers are assessed based on the variety, quality, and features of platforms offered to clients.
Other factors like brand popularity, client support, and educational resources are also evaluated.
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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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.