Best Binary Options Brokers in Brazil - Top 5 Recommendations
Binary options is the modernized version of the dice game. In the dice game, people predict the move, trust luck, and throw for the highest return. But options trading does not believe in blindfolds.
Here, in trading, you need concrete strategies, a robust roadmap, and strong prediction.
Binary options trading is one of the simplest forms for small investors with minimal investment.
Of course, we are not sugarcoating the scenario. In reality, people are more likely to trade options because of the advantages. All you need to do is predict the asset price and set the expiry time. If your prediction goes right, you will get rewards along with the capital.
But if your prediction goes wrong, you will get nothing.
So, the two outcomes can make you either super rich or devastated.
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Binary Options Trading In Brazil – Example
Binary options allow you to trade with diversified trading instruments. Let’s have an example to know how the trading form works.
It is the simplest form that works based on two outcomes.
- Yes
- No
Suppose you predict the value of Gold which is $1500, will spike up by $2000. Based on the prediction, you should set the expiry time and wait. If the price touches or crosses the line, you will get a pre-determined profit ratio depending on the deal.
However, if your prediction goes wrong, you will lose the invested amount and close the deal with nothing.
Is Binary Option Legal In Brazil?
Each country has specific financial rules and regulations. Neither anyone can break the chain nor can improvise without the Government.
So, what is the state of binary trading in Brazil?
You will be happy to know no knots can tangle you up regarding trading options.
Brazilian traders can trade binary options without any restrictions. Moreover, the Government does not impose any limitations on this trading form. Additionally, it isn’t even banned by law.
However, there are also certain regulatory facts that we will discuss later in this article.
So far, both regulated and non-regulated platforms offer binary trading on forex, CFDs, stocks, and more. Brazilian traders can choose online trading platforms to open a position.
On the other hand, offshore brokers can also operate their business inside the country. So, trading binary options in Brazil is not illegal.
How To Trade Binary Options In Brazil
There is no specific method for binary options, especially for Brazilian traders. You will find differences in regulation, time zone, and payment methods. However, other core facts are almost identical for everyone, inside or outside the border.
To begin with, one should focus on finding a regulated broker. Remember, they offer the most competitive payout percentage, along with other features that one might find helpful.
The list below will help you choose the best and most reputable binary options brokers.
Once you get your dream one, follow these steps:
– Overview of the platform and get an idea of each portion
– Review the dashboard and trading instruments
– Check the broker regulation
– Read the broker’s terms and conditions
– Check the payment methods
And for all of these, the best way is to open a demo account. It is the only way to analyze the platform without risking money.
Binary Options Regulation In Brazil
Brazil is an open market for options trading. People can trade with the help of brokers, but there is a thin line that one should maintain.
The financial market is operated by the Securities and Exchange Commission of Brazil or CVM.
In order to control the financial market, strict laws and regulations are envisioned.
On the other hand, any outside broker can’t build a shade in Brazil. They are unrestricted to offering their services without opening the shutter. That means offshore brokers can’t enter the Brazilian binary options market with a local branch.
Even the local brokers don’t have permission to get the license.
CVM established the market law so that,
– Broker cant scam any traders
– Ensure the Brazilian’s financial well-being
– To make sure there’s no illegal financial activity.
– Enhance the investment capacity of an average citizen.
You can trade without fear because there is no binary trading restriction. However, the real worry is to find a regulated broker. So, we have listed the 5 best binary brokers rated high for their excellent service.
Why Is Trading Education Needed For Brazilian Traders?
In Brazil, binary options have a huge potential. The trading type can boost the economy and is also an easy piece to trade. However, traders should know the basic rules of thumb or how to trade binary options professionally. It will help to maintain the primary discipline.
Additionally, anyone can move with a small amount or no amount. How?
Because brokers offer a demo account to facilitate traders learning about binary trading. You can also implement the strategy using virtual money without suffering a loss.
Everything is just under your control! Until you know how to move the wand.
Brazil Futures Trading Hours
Market opening and closing hours are mainly trading hours for traders. Some assets can be traded 24/7. Sao Paulo, the most extensive stock exchange in South America, is in Brazil.
Brazilian timezone is quoted as BRT, and trading hours start from 10:00 a.m. to 5:55 p.m, which is two hours ahead of the NYSE.
The Top 5 Best Binary Options Brokers in Brazil
Binary options is one of the favoured forms of investing in Brazil. You will find multiple trading brokers on the Brazilian market. But the most challenging part is picking the right broker.
In light of the following points, we’ve listed Brazil’s top 5 binary options brokers.
- Regulation
- Real traders review
- Payout ratio
- Deposit & withdrawal methods
Let’s burst the bubble and get to know why you should go for these.
No 1 - Deriv Platform
Deriv is one of the most popular platforms for binary options. It is multiregulated with advanced features. The broker has been in the trading field for over a decade with thousands of good reviews. So, it is impossible to point your figure at them.
Moreover, you will get a demo platform. Learning and practising aren’t just dreams. On the flip side, the platform allows you to trade 24/7 on selective instruments.
With a low minimum deposit of $10, you can now register to open your first position.
Take a look at some of the perks they offer.
- Supports automated trading
- Regulated broker
- Multiple platforms
- Different financial products
- The payout ratio is approximately 95%
Interested in knowing more about Deriv? Read the complete review on this platform to know what deriv offer and check out the real trader’s review.
No 2 - Binarycent
If you want to know the history behind a successful binary options broker in a short time, you should look at Binarycent. Binarycent offers almost all the things that you need to start trading.
Moreover, the trader can access the demo account after depositing an initial amount. However, the initial deposit amount is a bit high. But from our experience, the execution of trades is very fast on that platform.
These points make the company unique:
- Withdrawals in 1 hour
- Trading 24/7
- High returns of 80-90%+
- Licensed broker
- Bonus and risk-free trades
With Binarycent, you get all the features you need as a trader. Take a tour and read the Binarycent review to learn about the dashboard functionality.
No 3 - RaceOption
Any trader from anywhere can use this offshore broker. So, Brazilian traders, it is good news that you will be able to trade with this fantastic platform. Though RaceOption is not a regulated broker, the platform gets a good response from traders.
Facts about the Broker:
- Yield between 70% and 90%
- Leverage up to 1:100
- Weekend trading 24/7
- High bonus
- Risk-free trading facility
The Raceoption review will help you learn more about the trading dashboard and other advantages.
No 4 - Binomo
Brokers with outstanding features are the most effective. Another excellent choice for Brazilian beginners is Binomo, with its exclusive trading conditions. It is a regulated broker that offers a low initial deposit that is very convenient for small traders. Just with $10, you are ok to open a trade.
Even more, the demo account could be your first choice to learn about the broker.
The Binomo review article will give you more information. But, we will mention some notable factors that make Binomo different from others.
- Regulation
- Huge asset diversity
- High profit of 90%+
- Fast trade execution
- Fast withdrawal system
- Bonus program
No 5 - IQ Option
You need a reliable broker when you have fewer options on local trading platforms. IQ Option is not just a binary trading broker; it is a complete system that will make your trading journey unforgettable.
The broker will earn your trust whether you’re a beginner or a pro.
Factors about this broker:
- Fast trade execution
- Regulated broker
- Return up to 100%
- Wide range of trading assets
- Low spreads
- High liquidity
Wanna flip the page to know more? Read the IQ Option review and squeeze the juice.
Conclusion: Are All Binary Options Brokers Authentic?
In Brazil, binary options is the legal form of trading. However, selecting the best binary options brokers that do not make unrealistic claims is essential because not all brokers are authentic and protect your money like angels.
You should know the factors that help you identify the most reliable broker.
Afterwards, get the demo account, anatomy the platform, and start your trade with a virtual amount. Leverage your knowledge, learn the basics, and then take action with real money.
