Best Binary Trading Apps In India Traders Union Analysts’ Choice

Binary trading is quite popular in India right now: many traders are looking for the best opportunities to trade binary options. These instruments might be very risky, but they are extremely profitable, too. You can find numerous online brokers who would allow you to trade them, but it’s important to find the best one for your trading strategy and experience. To help you with that, Traders Union experts have chosen a couple of brokers especially suitable for beginners.

IQcent

Launched in 2017, IQcent is a reliable broker with flexible conditions. It offers its clients a wide variety of CFDs and binary options, and the minimum deposit you need to start trading is $20. You can use a web trading terminal or a novice-friendly mobile app to monitor your trades. The broker features three different account types with varying conditions as well as a demo account that’s perfect for practice.

There are almost no educational materials here, but the 24/7 customer support service can be used to answer all of your questions related to trading conditions and app features. The broker supports many different payment methods for withdrawals, and they are usually processed within just one hour.

VideForex

Definitely one of the best binary trading apps in India, VideForex allows you to trade binary options on your mobile device. It’s secure, reliable, and well-liked by many binary traders in the country. You can choose among different tradable assets here, and the minimum deposit is just $50. There is an option to create a demo account with virtual funds as well.

The maximum leverage you can use is 500:1, and the fees are pretty low. However, arguably the most popular feature offered by VideForex is its copy trading platform that allows you to earn money simply by replicating what other traders are doing. But the broker is suitable for active trading as well.

RaceOption

RaceOption is a relatively well-known Forex broker that allows you to trade binary options, and all you need to open your first position is just $10. However, you’ll have to learn binary trading on your own: it lacks any training program for beginners. According to Traders Union research, it’s especially popular among novice traders for its copy trading service with flexible conditions. The fees are pretty high, but the withdrawals are quick, and there are also many interesting bonuses a trader can receive.