Binary Options Brokers in Italy (2024)

Binary Options Brokers in Italy (2024)

TOP 3 Binary Options Brokers in Italy

Binary options trading in Italy is overseen by the National Commission for Companies and the Stock Exchange (CONSOB). While the European Securities and Markets Authority (ESMA) banned binary options in the European Union in 2018, the Italian market has still seen a surge of unregulated entities.

CONSOB requires all brokers operating in Italy to be regulated, ensuring the safety of traders. The Italian market includes both domestic and international brokers, each offering different trading experiences. Despite regulatory complexities, it's crucial for traders to choose the right broker to manage risk effectively and maximize returns.

Quick Pick: 

Best Broker - Pocket Option (Try Free Demo)

Best Tournaments - IQcent

Pocket Option

As a trader, my experience with Pocket Option was certainly distinctive. The platform's user-friendly interface and extensive list of assets caught my attention from the start. From commodities to stocks, it presented a wide array of trading options. The quick withdrawal process was a boon, eliminating the stress of waiting for my earnings.

The social trading feature, which allowed me to observe and learn from seasoned traders in real-time, was a unique learning experience. However, the absence of a regulatory license was a concern, making me tread a bit more cautiously. Overall, Pocket Option proved to be a versatile platform catering to both my trading interests and educational needs.

Pros of Pocket Option:

  • Regulated broker: Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC), providing a level of trust and security for users.
  • User-friendly platform: Pocket Option provides a user-friendly interface that caters to both novice and experienced traders.
  • Wide range of trading instruments: Pocket Option offers a wide range of trading instruments, including fixed-time binary contracts for stocks, forex, indices, commodities, and cryptocurrencies.
  • Copy trading services: Pocket Option offers social trading directly through the in-house terminal, allowing users to copy trades via signals or by mirroring master traders.
  • No commission on deposits or withdrawals: Pocket Option does not charge a commission on deposits or withdrawals, which can save users money in the long run.
  • Low initial deposit: Pocket Option is suitable even for novice traders without significant capital due to the low initial deposit.
  • Interactive site with bonuses: Pocket Option is a highly interactive site, offering bonuses through tournaments, contests, and other offers to boost user earnings.
  • High reputation score on TrustPilot: Pocket Option has a high reputation score on TrustPilot, indicating a high level of customer satisfaction.

Cons of Pocket Option:

  • Conflicting information: Pocket Option provides conflicting information on its website, including who owns the company, the minimum trade size, the minimum deposit size, and payout amounts.
  • Low payouts: While several assets pay 92%, many are way less. Some payouts are as low as 15%. At that level, it takes seven winning trades to make up for one losing trade.
  • Limited range of binaries: While Pocket Option ranks as one of the best binary options brokers, it trails alternatives like Quotex for its range of binaries.
  • Currency conversion fees: While Pocket Option does not charge a fee or commission for transactions, users should be aware of any additional costs that may apply due to currency conversions.
  • Bonus withdrawal conditions: Users can't withdraw the bonus until they start trading and meet certain conditions. Pocket Option requires that users make trades first.


IQcent platform

My experience with IQcent was quite insightful. The platform's user interface was intuitive and easy to navigate, even for a beginner like myself. I was impressed by the extensive range of assets available for trading, from cryptocurrencies to stocks. The low minimum deposit requirement was a significant advantage, making the platform accessible for traders with different investment capacities.

What I found truly remarkable was the educational resources provided, including webinars and video tutorials, which were invaluable for honing my trading skills. However, the lack of a regulatory license was a slight deterrent, prompting me to be extra careful in managing my investments. All in all, IQcent offered a comprehensive trading experience with an emphasis on learning and development.

Pros of IQcent:

  • TradingView charts: IQcent's TradingView charts are promising for more experienced day traders, providing a robust platform for technical analysis.
  • Range of trade settings: IQcent offers a diverse range of trade settings, providing users with various ways to speculate on the financial markets.
  • News and macroeconomic indicators: IQcent presents important news and macroeconomic indicators from a trader's point of view, which can be sorted by date, country, asset name, and price movement.
  • Client funds security: Client funds are kept in accounts at European banks, providing an additional layer of security.
  • Risk-free trades for Silver and Gold accounts: Traders with Silver and Gold accounts have access to 3 risk-free trades with coverage of losses at the expense of accrued bonus funds.
  • Weekly contests: Every week, IQcent holds contests for clients with large cash prizes.
  • No commissions: IQcent does not charge commissions for making a deposit, withdrawing funds in cryptocurrency, maintaining an account, or connecting to a copy trading platform.
  • Demo account: IQcent offers a demo account funded with virtual money that enables a prospective customer to experiment with the company's trading platforms and its features before setting up a real account funded with the customer's actual money.
  • 24/7 customer support: IQcent offers 24/7 customer support with a built-in translator in the live chat.

Cons of IQcent:

  • Lack of regulation: IQcent is not regulated by any respected financial authority, which means traders are not guaranteed financial safeguarding or access to compensation schemes in the case of business insolvency.
  • Limited educational content: IQcent's educational content is not comprehensive, which might be a disadvantage for less experienced traders.
  • Risk of trading online: While IQcent promises to make all efforts to fill a trade at the requested price, trading online does not necessarily reduce risks associated with currency trading.
  • Poor rating on Trustpilot: Despite the customer support team's efforts to respond to complaints, IQcent has received a poor rating on Trustpilot.
  • Unregulated broker: As an unregulated broker, IQcent is not overseen by any third-party regulatory agency, which can raise concerns about its reliability and trustworthiness.


Binarium platform

Embarking on my trading journey with Binarium, the oldest broker on my list, was a unique experience. Launched in 2012, Binarium didn't initially have the same appeal as competitors like IQ Option or Expert Option, due to its then outdated platform. However, the platform recently underwent a significant revamp, propelling it into the modern trading arena.

As an Expert, I found Binarium to be a fitting choice due to its low initial deposit of just $5. The highlight of my experience was the extensive "Education" section, brimming with a wealth of guides and 20 ready-made strategies that greatly enhanced my trading knowledge. If you're a novice like me, seeking a broker with a low initial deposit and a comprehensive educational resource, Binarium would be my recommendation.

Pros of Binarium:

  • Low minimum trade, deposit, and withdrawal: Binarium has a low minimum trade of $1, a minimum deposit of $5, and a minimum withdrawal of $10.
  • No deposit and withdrawal fees: Trading with Binarium does not involve any fees for deposits and withdrawals
  • 24/7 trading availability: Binarium allows trading 24/7, including trading of crypto assets on weekends.
  • Deposit bonuses: Binarium offers 100% deposit bonuses that can become real funds with x40 trading turnover
  • Free demo account: Signing up for a Binarium demo account is simple and it provides a risk-free way to practice trading
  • Offers and promotions: Binarium provides various promotions, offers, and contests to attract and engage users,.
  • Good customer support: Binarium provides good customer support 24/7.

Cons of Binarium:

  • Account blocking issues: There have been instances where users' accounts were blocked due to perceived violations of trading conditions.
  • Limited indicators: Binarium has very few indicators, which can make it difficult to analyze long-term charts.
  • Poor interface and confusing tools: Some users have reported that Binarium's platform has a poor interface and the tools provided are confusing.
  • Limited trading assets: Binarium offers a limited number of trading assets, which can restrict trading options
  • Lack of regulation: Binarium is not a regulated broker, which can raise concerns about its safety and reliability.
  • Negative user reviews: There have been negative user reviews and complaints about Binarium, including allegations of account blocking when profits are made.

Are binary options legal in Italy?

Binary options trading in Italy is subject to the regulations set by the European Securities and Markets Authority (ESMA). ESMA has banned binary options trading for retail clients across the European Union due to concerns about the inherent risks and potential for fraudulent practices. However, it's possible for traders to continue trading binary options with offshore brokers or non-European branches of the same brand, provided the request to do so comes from the trader and not the broker.

In Italy, trading binary options with brokers carrying a CONSOB (National Commission for Companies and the Stock Exchange) license is considered legal. However, trading with offshore brokers is considered illegal. Despite this, many Italian traders continue to trade with offshore brokers due to limited enforcement power over these entities by CONSOB.

How to start trading binary options?

Starting to trade binary options in Italy involves several steps due to the regulatory complexities in the country. The European Securities and Markets Authority (ESMA) has banned binary options trading for retail clients across the European Union, including Italy. However, Italian traders can still trade binary options with offshore brokers or non-European branches of the same brand.

Here are the steps to start trading binary options in Italy:

1. Choose a Broker: Select a broker that accepts Italian traders. Some of the popular choices among Italian traders include IQcent, Pocket Option, and Binarium. These platforms offer various account types, trading signals, copy traders, and even educational resources for beginners. Binarium, for instance, is known for its low minimum deposit of just $5 and a comprehensive educational base.

2. Open an Account: Once you've chosen a broker, you'll need to open an account. This usually involves providing some personal information and depositing funds into your account. The minimum deposit varies depending on the broker.

3. Understand the Trading Platform: Spend some time familiarizing yourself with the trading platform. This includes understanding how to place trades, how to use any available tools or features, and how to read the trading charts.

4. Develop a Trading Strategy: Binary options trading requires a well-thought-out strategy. This could involve studying market trends, economic indicators, and other relevant information. Some brokers offer ready-made strategies that you can use.

5. Start Trading: Once you've developed a strategy, you can start trading. Remember, binary options trading involves predicting whether the price of an asset will rise or fall within a specific time period. If your prediction is correct, you'll earn a profit. If not, you'll lose your investment.

6. Manage Your Risks: Binary options trading can be risky, so it's important to manage your risks effectively. This could involve setting a budget for your trades, diversifying your trades, and not investing more than you can afford to lose.

Remember, while binary options trading is legal in some jurisdictions, it's subject to strict regulations and bans in others, including Italy. It's essential for traders to understand the legal landscape in their specific location and to trade responsibly with reputable brokers.


In conclusion, binary options trading in Italy exists in a complex regulatory environment due to the ban imposed by the European Securities and Markets Authority (ESMA). While retail clients in Italy and the broader EU are generally prohibited from trading binary options, it's still possible to engage in such trading activities with offshore brokers or non-European branches of the same firm. However, it's important to note that this involves significant risk due to the lack of regulation for these entities.

Prospective traders should therefore approach binary options with caution, ensuring they fully understand the associated risks and intricacies. They should also strive to trade responsibly, only investing what they can afford to lose, and ideally, seeking education and advice before diving into this form of trading. Despite the challenges, binary options trading in Italy continues, reflecting a resilience among traders and a desire for alternative investment opportunities.

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