Binary options in China
No platform here is licensed in mainland China. Capital controls and the 2021 crypto ban make funding them legally risky, so read the risks before the list.
Which platforms accept China
Pocket OptionIts own terms accept residents. It has no local licence.Accepts residentsOpen free account
IQ OptionIts own terms accept residents. It has no local licence.Accepts residentsOpen free account
Olymp TradeIts own terms accept residents. It has no local licence.Accepts residentsOpen free account
Expert OptionIts own terms accept residents. It has no local licence.Accepts residentsOpen free account
BinomoIts own terms accept residents. It has no local licence.Accepts residentsOpen free account
BinariumIts own terms accept residents. It has no local licence.Accepts residentsOpen free account
IQcentIts own terms accept residents. It has no local licence.Accepts residentsOpen free account
BinaryCentIts own terms accept residents. It has no local licence.Accepts residentsOpen free account
ExnovaIts own terms accept residents. It has no local licence.Accepts residentsOpen free account
Questions from China
Are binary options legal in mainland China?
Offering such products without Chinese authorisation is illegal, and many foreign trading sites are blocked. The platforms listed accept residents under their own terms only.
Can I deposit with crypto?
China banned crypto transactions in 2021, so crypto deposits add legal risk.
What about the USD 50,000 quota?
The annual foreign exchange allowance for individuals is not meant for overseas securities or derivatives trading.
Is there tax on trading profits in China?
That depends on local law and your circumstances. Keep a record of every deposit and withdrawal and ask a tax adviser in China.
What can I do if a withdrawal is refused?
Write to support with your documents and keep copies of everything. Members of The Financial Commission can be reported there. Never pay to have a withdrawal released.
Can I practise first?
Yes. Almost every platform has a free demo with virtual money; use it until you know the platform well.