Binary Options Brokers

If you are looking for the best place to trade binary options with a Canadian friendly binary option broker then you are at the right place. Or, if you have recently learned about binary trading and wanted to learn more before trading real money, we will help you find a broker you comfortable with. If we do say so ourselves, consider yourself lucky to have found Binary Options Brokers.ca. A good place to start is our guide on how to choose a broker. Or you can read through our useful articles on trading binary options. If you are ready to start trading, our recommendations are below. Updated for 2016

The Top 5 Canadian Binary Options Brokers 2016

Bonus Offer
Up to 100%
Bonus terms and conditions apply

24Option Quick Facts
  • Up to 88% return
  • $250 Minimum Deposit
  • Trading Signals

Trading Details
  • Awesome 60 Second Options!
  • Demo Account
  • Up to 88% return
  • Huge & Reputable Broker


Risk Disclaimer: “Trading Binary Options involves substantial risk and may lead to loss of invested capital”
Bonus Offer
50% To $5000

Banc de Binary Quick Guide
  • iPhone & Android Apps Free
  • Excellent Customer Service
  • High Payouts On Commodities
  • SpotOption Trading Platform

Bonus Offer
  • Best Live Customer Support
  • $250 Minimum Deposit
  • 85%+ Payouts
  • CA Traders Accepted


Bonus Offer
30% to 70%

PorterFinance Quick Guide
  • Quality Live Customer Support
  • Office in London, UK
  • High Average Payouts
  • SpotOption Trading Platform

Bonus Offer
  • 30%-70% Bonus Offers
  • 200 Minimum Deposit
  • 83%+- Payouts
  • CA Traders Accepted

I know my list is missing a few spots. There are plenty of binary options brokers open to Canadians. We only list a select few as the choices you see above. You can read reviews to learn more information but it is advised that you visit the site above you are going to review so you can experience the site as you review it. You have probably seen advertisements for many, many brokers if you have been looking at trading binaries online. The truth is you won’t have trouble finding firms willing to open a trading account for you and let you deposit money. There are not as many who are reputable, regulated, legit and fair. It’s true, even some of the more heavily advertised brokers have done their fair share of shady things. Of the many firms that welcome Canadian traders, there are only a few we recommend. The rest fall into one of two categories: questionable or unacceptable.

We recommend that you stick to the few binary options brokers in Canada we know to be trustworthy, reputable, and fair. We have spent hundreds if not thousands of hours researching and investigating the binary options industry and our team keeps up with what is going on today. Instead of trying to focus on every broker possible, we only list a small group of high quality and reputable brokers that serve Canadian traders as well as traders from around the world.

Legal Binary Option Trading?

Is it possible to trade binary options in Canada without running into legal issues? Can you get involved with trading these instruments without fear of fines and other penalties? Yes you can trade binary options from Canada. There are numerous Canadian binary options brokers that welcome traders living in Canada.

The bottom line is that trading binary options in Canada is legal. Similar to participating in the forex market. Having said that, you should conduct your own due diligence with respect to the laws in your province or territory. Each province maintains its own set of regulations with respect to financial transactions. Regulations put into effect by the British Columbia Securities Commission (BCSC) are bound to be different than those introduced by the Ontario Securities Commission (OSC). Together, they likely differ from the regulations overseen by the Alberta Securities Commission (ASC). These disparate agencies work together via an organization called the Canadian Securities Administrators (CSA).

The Rules & Regulation & Risks Of Binaries

Consider how easy it is to buy stock in a company. You can call your broker and place the trade over the phone. You can even do it online. As long as the funds for the trade are available in your brokerage account, executing the transaction is essentially a non-issue. But there are myriad regulations that dictate the entire process. The fact that you don’t think about them doesn’t mean the industry is any less regulated. The same is true for trading binary options.

Binary Option Trading Is A Business Of Risk. You can lose your entire investment. Never deposit more than you can afford to lose.

Executing binary trades is simple and normally problem-free. You can do it online for contracts that go live within moments of putting in your trades. As long as the funds are available in your account, you’ll realize a profit or loss based on the outcome of the contract. You can see exactly the steps involved with executing a trade on this webpage. But while there are countless regulations limiting what traders in financial instruments can and cannot do, binary options are simple by nature. There are a lot of laws that address the process – again, based on your province or territory – but there’s rarely a need to worry about them. Because trading is so simple, and the contracts themselves are simple, the odds of doing something that runs afoul of the law is minimal.

Below, we’ll discuss the reasons many Canadian binary options brokers are actually located outside the country. Most brokers are located in Europe

Are Any Brokers Located In Canada?

If you have looked for binary options brokers in Canada, you’ve probably realized that very few firms are actually headquartered in the country. The majority of brokers that welcome Canadian traders are located outside Canadian borders. The reason for this involves how binary options are regulated.

In Canada, the provincial and territorial regulations make it difficult for small investment companies to maintain consistency for all of their clients. After all, what is fine in Ontario may be unacceptable in British Columbia. Transactions and operations that are agreeable in B.C. might be unacceptable in Alberta, Manitoba, or Saskatchewan. The point is, regulatory differences between the various provinces and territories force binary options brokers in Canada to tailor their operations to the area in which they are located. That complicates things, which, of course, carries a cost.

The solution many of the top brokers have chosen is to maintain their headquarters in EU countries with better structured and less restrictive regulation like Cyprus, Malta or the Isle of Man (the UK). The regulatory environment is relaxed, which allows the firms to focus their effort on meeting the needs of their respective customers. From the perspective of someone living in Canada, there are pros and cons that accompany this arrangement.

The Good On the one hand, firms not directly regulated by Canadian agencies have more flexibility with their operations. They could potentially take their customers’ money and run, disappearing into the night. Traders would have less recourse than would be the case if the brokers were closely monitored by agencies in Canada. Stories like this have happened in the past and with the popularity of binary trading today, we fully expect it to happen again. This is why it is important to trade with a reputable, trusted broker.

The Not So Good On the other hand, such cases are rare, and even nonexistent. The top-rated brokers (refer to our list for recommendations) are invested in building long-term businesses. In order to do that, they need to earn the trust of their customers by consistently delivering top-notch service and maintaining a stellar reputation. They can do so from outside the country’s borders, such as in places like Cyprus. In fact, remaining outside Canada – and beyond the demanding oversight of Canada’s financial regulatory agencies – is arguably the best way to cater to Canadian traders’ needs.
You see, binary options brokers as a group are some of the most unsavory, unscrupulous and shady group of cheats in quite some time.

Luckily, there are a small group of legit binary options brokers.

The relatively young history of binary options trading is marred with countless scams, cheats, crooks and liars. It’s the truth. Many traders have lost thousands of dollars by trading at binary options sites that turned out to be scams. If you are not trading at a honest, reputable broker then there is no way to make money.

More About Digital Option Trading
Trading binary options is different than stock trading. You do not actually purchase any shares of the underlying assets when trading binary options. You only predict which way the price moves. If you predict correctly you win your trade. It’s that easy.

  • You bet on price movement
  • Magnitude of movement is not a factor in your return
  • Options finish in the money, or out of the money (one or the other)
  • Trade as fast as 60 seconds (extremely risky) or more traditional, longer timeframes
  • Fixed risk and fixed reward
  • Easy compared to forex

Another way binary trading is different than typical stock trading is that the amount of movement in price is not a determining factor in how much return you make on your trade. All you care about is if your prediction of up or down is correct. How much up or how much down does not affect how much return you make. If you predict correctly by one cent it is the same as if you predicted correctly by $10 dollars. Magnitude of movement does not affect your return. *Some types of binary options, like touch/no-touch or range options, are dependent on magnitude of movement but only as to the point where it makes your trade a winner or not.

Binary Options Brokers of Canada. Learn which binary option brokers accept Canadian traders, compare features and find the best broker for you.
Binary Options Brokers TopList
Date Published: 04/15/2013
A trusted portal featuring a small but high quality list of Canadian friendly binary options brokers.
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Updated recently for 2016