Binary Options Trading Review in Philippines

Choosing the right broker is the most important decision you’ll make as a trader. In this comprehensive Binary Options Trading Review Philippines guide, we compare the most popular platforms used by Filipino traders based on safety, payouts, fees, payment methods, and withdrawal reliability.

If you’re new to this market, we recommend first reading our complete guide to Binary Options in the Philippines, where we explain how binary trading works, legal considerations, and risks specific to Filipino users.

IQ Option
IQ Option
IQ Option Review
Pocket Option
pocket option philippines
Pocket Option Review
Quotex
Quotex
Quotex Review
Exnova
Exnova Review
Binomo
Binomo Review

How We Rank Binary Options Brokers

Not all brokers are equal. Some prioritize transparency and customer support, while others focus heavily on marketing.

We evaluate brokers using five key criteria:

➡️ 1. Regulation & Security

Since binary options are not regulated locally, we assess:

  • International licenses (CySEC, IFMRRC, etc.)

  • Company transparency

  • Client fund protection

  • Years in operation

Regulation does not guarantee safety, but it increases accountability.

➡️ 2. Payout Percentages

Higher payout percentages increase long-term profitability.

Typical payout ranges:

  • 70–80% → Low

  • 80–90% → Standard

  • 90–98% → Competitive

Even small payout differences significantly affect long-term results.

➡️ 3. Deposit & Withdrawal Methods for the Philippines

We prioritize brokers that support:

  • GCASH

  • Bank transfers

  • E-wallets (Skrill, Neteller)

  • Cryptocurrency

Fast and reliable withdrawals are critical.

➡️ 4. Platform Usability

Important features include:

  • Mobile app compatibility

  • Charting tools

  • Technical indicators

  • Demo account access

  • Fast order execution

➡️ 5. Customer Support

Reliable brokers offer:

  • 24/7 chat

  • Email support

  • Clear FAQ section

  • Fast response times

Top Binary Options Brokers for Filipino Traders

Below are the most widely used platforms among traders in the Philippines.

📌 IQ Option 

IQ Option is one of the most recognized trading platforms globally.

Key Features:

  • Regulated under CySEC (for certain regions)

  • Advanced charting tools

  • Demo account available

  • Payouts up to 95%

  • User-friendly mobile app

Pros:

✔ Strong brand reputation
✔ Advanced technical analysis tools
✔ Low minimum deposit

Cons:

✖ Not available in some countries
✖ Binary options availability varies by region

IQ Option is often recommended for traders who want a more professional trading interface.

📌 Quotex 

Quotex has grown rapidly among Filipino traders due to its simple design and high payouts.

Key Features:

  • Payouts up to 98%

  • Clean, beginner-friendly interface

  • Fast execution speeds

  • Demo account included

Pros:

✔ High payout percentages
✔ Easy for beginners
✔ Low entry barrier

Cons:

✖ Offshore regulation
✖ Limited transparency compared to major brokers

Quotex is popular for short-term traders seeking higher payout potential.

📌 Binomo 

Binomo focuses heavily on emerging markets, including the Philippines.

Key Features:

  • International regulation claims

  • Active trading tournaments

  • Mobile-friendly platform

  • Multiple account tiers

Pros:

✔ Beginner-friendly
✔ Frequent bonuses
✔ Educational materials

Cons:

✖ Bonus terms can restrict withdrawals
✖ Payouts typically below 95%

Binomo is suitable for beginners but traders should carefully review bonus conditions.

📌 Pocket Option

Pocket Option is known for its wide asset selection and flexible payment methods.

Key Features:

  • Payouts up to 98%

  • Crypto-friendly deposits

  • Social trading features

  • Fast account setup

Pros:

✔ Broad asset variety
✔ Quick deposits
✔ Demo trading available

Cons:

✖ Offshore regulation
✖ Interface can feel crowded

Pocket Option appeals to traders who want access to more instruments beyond standard forex pairs.

📌 Exnova

Exnova is a newer platform gaining attention among Filipino traders.

Key Features:

  • Modern trading interface

  • Demo account availability

  • Competitive payouts

  • Fast registration process

  • Multi-device compatibility

Pros:

✔ Clean and modern platform
✔ Quick trade execution
✔ Beginner-friendly design

Cons:

✖ Limited long-term track record
✖ Offshore regulatory structure

Exnova is suitable for beginners exploring newer platforms, but as with all offshore brokers, traders should proceed cautiously and test with a demo account first.

Broker Comparison Table

Broker Payout % Demo Payment Options Regulation Type
IQ Option Up to 95% Yes Bank, E-wallet CySEC (varies)
Quotex Up to 98% Yes E-wallet, Crypto Offshore
Binomo Up to 90% Yes Bank, E-wallet Offshore
Pocket Option Up to 98% Yes Crypto, E-wallet Offshore
Exnova Up to 95% Yes Multiple methods Offshore

Note: Regulation status may vary by region and account type.

Which Broker Is Best for Beginners?

For beginners in the Philippines, ideal brokers offer:

  • Simple interface

  • Demo accounts

  • Low minimum deposit

  • Educational tools

Based on usability:

  • Quotex and Exnova → Most beginner-friendly design

  • IQ Option → Best charting tools

  • Binomo → Structured account tiers

However, beginners should always:

  • Start with demo trading

  • Avoid large deposits

  • Practice risk management

For a full beginner walkthrough, refer to our Binary Options in Philippines resource page.

Which Broker Offers the Safest Withdrawals?

Withdrawal safety depends on:

  • Broker transparency

  • Regulation quality

  • User feedback

  • Payment method used

Generally:

  • Bank transfers may take longer

  • E-wallets are faster

  • Crypto withdrawals are quickest but irreversible

Before depositing, verify:

  • Minimum withdrawal threshold

  • Processing time

  • Required documents

Important Reminder: Risk Disclosure

Binary options trading is high-risk. Many traders lose money due to:

  • Short expiration times

  • Emotional trading

  • Overexposure per trade

  • High payout imbalance

Even with reputable brokers, losses are possible.

How to Choose the Right Broker for You

Ask yourself:

  1. Do I want high payouts or stronger regulation?
  2. Am I comfortable using offshore platforms?
  3. Which payment methods are most convenient?
  4. Do I prefer advanced tools or simple interface?

There is no “perfect” broker — only the one that best fits your trading style and risk tolerance.

Final Verdict: Best Binary Options Brokers Philippines

There is no single best broker for every Filipino trader.

  • IQ Option → Best for advanced traders

  • Quotex → High payouts & simplicity

  • Binomo → Beginner-friendly ecosystem

  • Pocket Option → Asset diversity

  • Exnova → Modern, clean interface

The key is not just selecting a broker — it’s applying disciplined risk management.