Best Offshore Binary Options Brokers

Offshore binary options brokers offer straightforward joining requirements, convenient account funding and trading bonuses, in return for limited regulatory oversight. In this guide, we share our selection of the best unregulated offshore binary options brokers. Every firm we recommend has been reviewed by our experts.

Trading binaries with an offshore broker is risky. Firms operate with little to no regulatory oversight. Only risk what you can afford to lose.

Top Rated Offshore Binary Options Brokers

Our tests show that these are the top offshore binary platforms available to traders in :

How We Rate Offshore Binary Options Brokers

Browsing our top-ranked firms is the best way to choose a good unregulated binary options broker. That’s because our evaluation process takes into account every element of a broker’s services, including several key factors:

Trust

Binary brokers based offshore automatically have a lower trust rating due to the lack of top-tier regulatory oversight, and some unscrupulous firms operate unfair trading conditions and even make it difficult for traders to withdraw funds.

To address this, we review each broker’s track record, conducting checks for historical scams and safety breaches.

We also investigate available security measures, including website protocols, multi-factor authentication options and client fund segregation.

IQ Option is a trustworthy broker. It won our ‘Most Trusted Broker’ award four years in a row. It also has 10+ years in the industry with 8+ million accounts opened.

Trading Platform

The best binary brokers offer user-friendly web platforms and mobile apps that allow for lag-free trading at even the shortest contract lengths.

We always test the platform options and tools so traders can find a firm that provides a well-designed solution with an excellent charting package and a straightforward interface to place trades.

Tip: Most reliable brokers offer a demo account so you can learn platform features before investing money. This is a great place to start if you have any doubts about the legitimacy of an offshore firm.

Pocket Option offers an excellent trading platform. It’s easy to use with 31 indicators, 4 charting styles, 14 timeframes, plus a social trading chat feature.

Markets

The best unregulated binary platforms offer access to popular global markets spanning stocks, forex, commodities, and cryptocurrencies. This allows traders to diversify and benefit from a wider range of trading opportunities.

We also know traders have different strategies that depend on various contract lengths, so we favor brokers that cater to short-term traders with contracts from 5 seconds through to longer-term traders with binaries of over 1 month.

Race Option offers over 100 markets covering 5 asset classes with a wide range of short, medium and longer-term contracts.

Payouts

Offshore binary trading platforms are mostly unregulated and can offer higher payouts on winning trades and other benefits, helping traders maximize returns.

We always log in to the trading platform to compare payouts on popular assets. And, our analysis shows that the best brokers offer yields of 90%+ on key markets, such as major forex pairs.

That said, returns can vary depending on market conditions and the volatility of the asset. Cryptocurrencies for example, usually have lower payouts.

IQCent offers above-average payouts of up to 98%, including on currencies.

Deposits & Withdrawals

Given the fast-paced nature of offshore binary options trading, being able to move your money quickly and conveniently is important.

As part of our review process, we open trading accounts and navigate the cashier portal to compare the range of payment methods available. We’ve found that the best offshore binary options brokers support deposits by bank cards, wire transfers, electronic wallets, plus popular cryptos like Bitcoin.

We also review terms and conditions to ensure there are not any prohibitive fees applied to withdrawals and that traders receive their funds in good time.

Deriv offers more than 20 convenient payment methods, including credit cards, bank transfers and digital wallets like Perfect Money.

Pros of Offshore Binary Options Brokers

• Availability – The main advantage of using unregulated binary options firms based offshore is that they often accept traders from all over the world. In countries where regulators prevent local firms from offering this high-risk, high-reward trading product, offshore brokers can sometimes be the only option.
• Straightforward joining requirements – You usually only need a few personal details to open an account, with no verification required. This means you can sign up, deposit funds and start trading binaries in minutes.
• Trading promotions – Unregulated offshore binary brokers can offer binary options bonuses and other trading incentives that are often banned by top-tier regulators (often for a good reason, make sure to check the terms and conditions!). Promotions typically include welcome deposit bonuses, which provide free trading credit when you fund an account. Importantly, we recommend checking for any turnover requirements that need to be satisfied before you can request a withdrawal.

Cons of Offshore Binary Options Brokers

• Limited regulatory protections – You may not get access to a compensation scheme in the event your broker faces financial difficulties. Additionally, offshore regulators are known to be lax when it comes to monitoring registered brokers’ business activities, from their liquidity to trading practices.
• Risk of scams – In a relaxed regulatory atmosphere, there is always going to be a higher risk of unscrupulous behavior and scams. Some brokers have been criticized for stacking the odds against clients or even refusing to pay out withdrawal requests. This is why choosing a trustworthy firm is critical.

Bottom Line

Many traders live in regions where local regulators have barred firms from offering binaries, so the only option is to trade these financial products at unregulated offshore binary brokers.

Besides that, firms have more relaxed sign-up procedures and may offer bonuses that are unavailable from tightly regulated platforms.

Still, it is important to recognize that trading binary options with an unregulated broker is risky. You may not be entitled to compensation in the event the company goes bankrupt, nor access to a reliable resolution service in the event of disputes.

As a result, make sure you choose a trustworthy unregulated binary broker and never deposit large sums of money before you know you can trust the broker.

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