Binary options in Mongolia: platforms ranked

Mongolia's Financial Regulatory Commission licenses none of these platforms. We rank them on how you can fund an account from Mongolia and what it costs.

By BinaryChooser editorial teamPlatform research for Asian markets

Checked on 4 October 2026

Short list for Mongolia

Strongest all-rounderPocket OptionOur pick4.1/5BinaryChooser score

Smallest depositPocket Option$5
Top advertised payoutOlymp Trade93%
Best trading screenPocket Option4.7/5
Biggest practice balancePocket Option$50,000
Easiest to learnExpert Option

Full list of 3 platforms

1.Pocket OptionOur pick

Very small first deposits and copying other traders

Mongolia: Accepts residents

4.1/5

Lowest deposit: $5
Lowest trade: $1
Top payout: 92%

4.1/5

BinaryChooser score

+50% bonusConditions

Go to Pocket Option Read the review

Show everything

The cheapest way in, with a quick fixed-time platform and copy trading built in. Behind it is only a Comoros licence, and several regulators have named it in warnings.

The trading screen: asset, timer, stake and the payout shown before you trade (+67% on BNB OTC here).

The numbers

Lowest deposit: $5
Lowest trade: $1
Top payout: 92%
Win rate to break even: 52.1%
Practice balance: $50,000
Smallest withdrawal: $10

92% applies to popular assets at busy hours; quieter hours are reported 7–12 points lower. Win rate to break even: The share of trades you have to win at the top payout just to stay level. Real payouts are often lower, which pushes this up.

Strengths

Accounts open from USD 5 and trades from USD 1
Copy trading and contests on the same screen as the chart
Many ways to pay in, including crypto and local agents in Asia
Light web platform that runs well on a phone

Weak points

Only an offshore Comoros licence
Named by the UK FCA, the US CFTC and India's RBI
Bonuses lock your balance behind trading volume
Refuses residents of the Philippines and Japan

Not for you if

You want a regulator behind your money, or contests make you trade too much

Trading

Trade durations: 3 seconds – 4 hours
What you can trade: Currencies, Crypto, Commodities, Shares, Indices (100+)
Platform: Browser, Android, iPhone, MT5 (forex)
Phone app: Android: Yes · iOS: Browser app only
Copy trading / contests: Yes / Yes

Money in and out

Pay-in methods: Cards, E-wallets, Crypto, Local payment methods
Pay-out methods: Cards, E-wallets, Crypto, Local payment methods
Pay-out speed: Typically 1–3 working days; crypto often quicker (user reports)
Pay-out charges: None from the platform; your payment provider may charge
Dormant account fee: Not mentioned in the sources we checked – read the current terms
Bonus offers: Deposit bonuses, often 50–100%, with volume rules that can block withdrawals
Account currency: USD

Account and help

Account levels: Status levels with higher payouts as total deposits grow
Identity check: Needed before your first pay-out
Support: Live chat, Email, Help pages
Launched: 2017

Licence

The operator says it is licensed by the Mwali International Services Authority (MISA) in the Comoros. That licence offers little investor protection and no compensation fund, and no regulator in your Asian market oversees the company.

FCA (United Kingdom): Public consumer warning
CFTC (United States): RED list of unregistered foreign firms
RBI (India): Alert List of unauthorised platforms (19 Nov 2025)

Pocket Option alternatives

How we calculate the score

Platform and apps (25%)4.7
Costs and minimums (20%)4.8
Payment options (15%)4.6
Support (15%)4.2
Licensing and openness (25%)2.6

Sources for these numbers

2.Olymp Trade

Traders who want a mature app and a registered company

Mongolia: Accepts residents

3.9/5

Lowest deposit: $10
Lowest trade: $1
Top payout: 93%

3.9/5

BinaryChooser score

Go to Olymp Trade Read the review

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A long-running fixed-time platform with polished apps and a company registered in Vanuatu. Its paperwork is clearer than most offshore rivals, but there is no strong regulator and India's central bank has flagged it.

Olymp Trade platform — Olymp Trade's trading screen: asset, timer, stake and payout before you trade.

The numbers

Lowest deposit: $10
Lowest trade: $1
Top payout: 93%
Win rate to break even: 51.8%
Practice balance: Yes
Smallest withdrawal: $10

93% applies to selected assets; quieter hours pay less. Win rate to break even: The share of trades you have to win at the top payout just to stay level. Real payouts are often lower, which pushes this up.

Strengths

Operator registered in Vanuatu; Financial Commission member since 2016
Payouts up to 93% and timers from 5 seconds to 23 hours
Low entry: USD 10 deposit and USD 1 trades
Well-made web platform and apps

Weak points

No strong regulator; Vanuatu oversight is light
On the Reserve Bank of India's Alert List
Best conditions only on higher account levels
Closed to the US, UK, Canada and the EEA

Not for you if

You need a strong regulator or live in India

Trading

Trade durations: 5 seconds – 23 hours
What you can trade: Currencies, Crypto, Commodities, Shares, Indices (100+)
Platform: Browser, Android, iPhone
Phone app: Android: Yes · iOS: Yes
Copy trading / contests: No / Yes

Money in and out

Pay-in methods: Cards, E-wallets, Crypto, Local payment methods
Pay-out methods: Cards, E-wallets, Crypto, Local payment methods
Pay-out speed: Depends on account level and method; higher levels first
Pay-out charges: No platform fee listed; payment providers may charge
Dormant account fee: Check the current terms
Bonus offers: Promo codes and deposit bonuses with conditions
Account currency: USD

Account and help

Account levels: Starter · Advanced (from USD 500) · Expert (from USD 2,000)
Identity check: Needed before your first pay-out
Support: Live chat, Email, Help pages
Launched: 2014

Licence

The operating company, Aollikus Limited, is registered with the Vanuatu Financial Services Commission (no. 40131).

RBI (India): Alert List of unauthorised platforms (19 Nov 2025)

Olymp Trade alternatives

How we calculate the score

Platform and apps (25%)4.5
Costs and minimums (20%)4.4
Payment options (15%)4.4
Support (15%)4.2
Licensing and openness (25%)2.6

Sources for these numbers

3.Expert Option

Beginners who trade mainly on their phone

Mongolia: Accepts residents

3.7/5

Lowest deposit: $10
Lowest trade: $1
Top payout: 90%

3.7/5

BinaryChooser score

Go to Expert Option Read the review

Show everything

A simple fixed-time platform that works well on phones, with account levels tied to deposits. Disputes go to a private body, not a government regulator.

The numbers

Lowest deposit: $10
Lowest trade: $1
Top payout: 90%
Win rate to break even: 52.6%
Practice balance: $10,000
Smallest withdrawal: $10

Reviews report 86–95% depending on account level and asset. Win rate to break even: The share of trades you have to win at the top payout just to stay level. Real payouts are often lower, which pushes this up.

Strengths

Easy layout for complete beginners
Proper Android and iPhone apps
Financial Commission membership gives you a place to complain
Crypto and local payments in many countries

Weak points

No government licence
Fewer instruments than the leaders
Better payouts reserved for bigger deposits
Dormant account fee after a quiet period

Not for you if

You want many instruments or longer-term analysis

Trading

Trade durations: 5 seconds – 24 hours
What you can trade: Currencies, Crypto, Commodities, Shares, Indices (~100)
Platform: Browser, Android, iPhone
Phone app: Android: Yes · iOS: Yes
Copy trading / contests: Yes / Unconfirmed

Money in and out

Pay-in methods: Cards, E-wallets, Crypto, Local payment methods
Pay-out methods: Cards, E-wallets, Crypto, Local payment methods
Pay-out speed: Within 2 working days according to the platform; e-wallets and crypto can be quicker
Pay-out charges: No platform fee reported; your payment provider may charge
Dormant account fee: Dormant fee in the terms – check amount and trigger
Bonus offers: Deposit bonuses reported; check volume conditions before accepting
Account currency: USD

Account and help

Account levels: Micro USD 10 · Basic 50 · Silver 500 · Gold 2,500 · Platinum 5,000 · Exclusive (by invitation)
Identity check: Needed before your first pay-out
Support: Live chat, Email, Help pages
Launched: 2014

Licence

The company is registered in St Vincent and the Grenadines, where the authority does not supervise forex or options. It is a member of The Financial Commission, a private dispute body, and has a VerifyMyTrade execution audit; neither is a government licence.

CSA / AMF (Canada): Warning to investors
MAS (Singapore): Investor Alert List
RBI (India): Alert List of unauthorised platforms (19 Nov 2025)

Expert Option alternatives

How we calculate the score

Platform and apps (25%)4.3
Costs and minimums (20%)4.1
Payment options (15%)4.2
Support (15%)3.9
Licensing and openness (25%)2.4

Sources for these numbers

Mongolia at a glance

Currency: Mongolian Tugrik (MNT). Platform accounts are in US dollars, so every deposit and withdrawal in MNT is converted.
Time zone: Ulaanbaatar (UTC+8)
Platforms open to residents: 9 out of 9: Pocket Option, IQ Option, Expert Option, Olymp Trade, Binomo, Binarium, IQcent, BinaryCent, Exnova
Weekends: On Saturdays and Sundays platforms show their own OTC prices, not live market prices.

Market hours in local time (on 4 October 2026)

Tokyo: 08:00–17:00
London: 15:00–00:00
New York: 20:00–05:00
London and New York both open: the busiest hours, when payouts are usually highest: 20:00–00:00

These times shift by an hour when Europe or the US changes the clocks.

Before you pick

1Make sure the platform accepts residents of Mongolia: the list below shows only those that do.
2Work out the win rate you need to break even instead of trusting the top payout; off-peak payouts are lower.
3Look for costs that appear later: pay-out charges, dormant account fees and bonus volume rules.
4Practise on the demo, then deposit a small sum and withdraw part of it before you trade more.

At a glance

What we compare	Pocket Option★	Olymp Trade	Expert Option
BinaryChooser score	4.1/5	3.9/5	3.7/5
Accepts residents	Accepts residents	Accepts residents	Accepts residents
Lowest deposit	$5	$10	$10
Lowest trade	$1	$1	$1
Top payout	92%	93%	90%
Win rate to break even	52.1%	51.8%	52.6%
Practice balance	$50,000	Yes	$10,000
Smallest withdrawal	$10	$10	$10
Licence	Offshore registration	Offshore registration	Offshore registration
Platform	Browser, Android, iPhone, MT5 (forex)	Browser, Android, iPhone	Browser, Android, iPhone
Phone app	Android · iOS: Browser app only	Android · iOS: Yes	Android · iOS: Yes
What you can trade	Currencies, Crypto, Commodities, Shares, Indices	Currencies, Crypto, Commodities, Shares, Indices	Currencies, Crypto, Commodities, Shares, Indices
Pay-in methods	Cards, E-wallets, Crypto, Local payment methods	Cards, E-wallets, Crypto, Local payment methods	Cards, E-wallets, Crypto, Local payment methods
Pay-out methods	Cards, E-wallets, Crypto, Local payment methods	Cards, E-wallets, Crypto, Local payment methods	Cards, E-wallets, Crypto, Local payment methods
Trade durations	3 seconds – 4 hours	5 seconds – 23 hours	5 seconds – 24 hours
Charges	None from the platform; your payment provider may charge	No platform fee listed; payment providers may charge	No platform fee reported; your payment provider may charge
Dormant account fee	Not mentioned in the sources we checked – read the current terms	Check the current terms	Dormant fee in the terms – check amount and trigger
Support	Live chat, Email, Help pages	Live chat, Email, Help pages	Live chat, Email, Help pages

Our scoring method

Platform and apps25%
Costs and minimums20%
Payment options15%
Support15%
Licensing and openness25%

Who regulates here: FRC

The Financial Regulatory Commission of Mongolia has licensed none of these platforms.

No platform here is licensed by the FRC. Check its warnings about unlicensed online investment before depositing.

Questions from Mongolia

Are binary options legal in Mongolia?

No Mongolian regulator licenses these platforms; they accept residents under their own terms.

How do Mongolians usually deposit?

By card or crypto. Every tugrik deposit is converted to US dollars.

Is there tax on trading profits in Mongolia?

That depends on local law and your circumstances. Keep a record of every deposit and withdrawal and ask a tax adviser in Mongolia.

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.