Recommended Skills to Profit from Binary Options ¦ South Africa

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

Regulated Binary Options Brokers: Complete Guide

What are Regulated Binary Options Brokers? Why Choose Regulated Binary Options Brokers? Top 3 Best Regulated Binary Options Brokers

What are Regulated Binary Options Brokers?

The chances are that if you are looking to understand what regulated binary brokers are, you probably already understand a few about binary options brokers. For the sake of those who stumbled upon this article, and have never heard about binary options trading before, here is a quick explanation.

Binary options trading is a form of online trading, where you can only lose your whole investment or profit with a predetermined margin. Conventional stocks or forex trading usually involve fluctuating values. You can never tell how much you will profit or lose until the trade is over. Binary options brokers are the enablers of this trader. They make the trading assets available for you to trade.

IMP NOTE:

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My Recommended Regulated Brokers

Back to regulated binary options brokers. There are many binary options brokers operating in different countries around the world. The brokers handle their clients’ funds, and hundreds or thousands of transactions. A lot of funds exchange hands within these platforms. Such circumstances require the parties involved, especially the brokers to be of high discipline. So, who regulates binary options brokers? In a bid to avoid dubious undertakings and scams, there are regulatory bodies in various countries that govern the operations of binary options brokers. Regulated binary options brokers are those brokers under the regulation of such authorities depending on the countries in which they operate. We compiled one of the best regulated binary options brokers reviews. This guide aims at leading you to the best regulated binary options brokers.

Different countries have different laws and regulations concerning binary options trading. Some countries even allow unregulated binary options brokers to operate. It is always advisable to trade with regulated binary options brokers. We will expound more on why you should only trade with regulated binary options brokers. Below is a list of countries where most of the binary options brokers available operate from;

Each country has a different set of regulations concerning binary trading. Among the most respected countries regarding binary options trading regulations are the USA, the UK, and Cyprus. Let’s take a quick look at the regulatory bodies in these countries.

Cyprus

Cyprus boasts of binary options traders that have the largest numbers of subscribers. Their laws and regulations are a bit flexible, and they allow many people from different countries around the world to trade on these platforms. Their regulations are quite effective too. Cyprus has some of the most trustworthy binary options traders in the worlds.

Cyprus was the first country to recognize binary options as a financial instrument, allowing many brokerage firms to sprout. CySec (Cyprus Securities and Exchange Commission) is Cyprus’s body that regulates the firms operating in Cyprus. It is a respected regulation authority around the world. CySec laws and regulations are aligned to those of the EU allowing many traders from all over Europe to get involved. The laws and regulations are quite different from those in the USA though! This makes it difficult for USA residents to engage on brokerage platforms from Cyprus. A majority of the binary options brokers from Cyprus, if not all, do not admit traders from the US. Brokerage firms can still operate in Cyprus with licensing from CySec. However, clients will always prefer a regulated binary options broker.

USA

The USA has the strictest laws and regulations as far as binary options trading is concerned. In fact, very few binary options brokers from overseas can afford to engage traders who are residents in the USA. Binary options trading is part of the US Financial markets and is under the regulations of CFTC (Commodity Features Trading Commission) and the U.S SEC. (Securities exchange commissions). These bodies are mandated with licensing binary options brokers in the US. Many of the binary options traders operating in the US are based in the US. The regulatory bodies insist on being able to monitor and audit their operations constantly.

Majority of the offshore binary options brokers that operate in the US are from the UK. USA’s regulatory bodies have the means to monitor the binary options brokers in the UK. Brokers operating in the USA are seen as the most secure and reliable binary trading brokers.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

UK

The UK takes pride in being the source of binary options brokers. Many of the first binary options brokerage companies were started in the UK in the early 1990s. UK’s laws and regulations concerning binary options trading have been quite different from those in other countries for some time. The UK has for long allowed free interaction between its residents and binary options brokers. The regulations have since changed though. Just like in the USA, the UK laws and regulations have become strict, and brokerage firms are required to be licensed and regulated by the FCA (Financial Conduct Authority). The authority also constantly monitors and audits the brokerage firms.

The similarity in the UK’s laws and regulations on binary options trading and those in the USA has made it fairly easy for UK’s brokerage firms to admit USA’s resident traders. UK’s brokerage firms are currently some of the most respected around the world. They also command a good share of the market. They admit clients from many countries around the world. Brokerage firms also subscribe to the regulations of authorities in other countries, so that they can be attractive to traders in that country.

So, why is it important to have the binary brokers regulated? Why do countries such as the UK and USA have strict regulations concerning binary options brokers? Why is important that you trade only with regulated binary options brokers? Let’s find solutions to these queries.

Why Choose Regulated Binary Options Brokers?

The main reason why you should only choose regulated binary options brokers is so that you don’t get duped. Whenever you fund an account on a binary options broker’s platform, you are entrusting them to handle your money for you. Therefore, it is important that there are watchdog authorities that ensure the brokers handle your money right. Let’s get into the nitty-gritty of how binary options brokers handle trader’s money, and how the regulation authorities protect you from getting scammed.

My Recommended Regulated Brokers

Broker Min Deposit ($) Min Stake ($) Max Payout (%)
IQ Option 10 1 95 1st Choice
ExpertOption 50 1 95 2nd Choice
Olymp Trade 10 1 92 3rd Choice

Binary Option Brokers Operations

The reason binary options brokers are in operation is that many people do not have the capital to trade in the stock or forex markets directly. They give traders with small amounts of capital access to the markets.

They combine identical trades from different traders (since only binary options are involved there is a bulk of identical trades) and the amounts stakes and put execute the trade on the main market. They, therefore, trade on the main market on your behalf. You need to be sure that they will put up your trade the way you put it, and they will use your money for exactly that purpose.

The other form of engagement is where the binary options brokers buy the binary options from the main market, and you buy the options from them in turn. In both instances, the flow of funds is similar.

So why should you have confidence in the fact the binary options traders are regulated? How does the regulation protect you?

  • First, a regulated binary options broker indicates that the broker has the best interests of the traders. It indicates that they want you to profit from the trade. It is important to note that binary options traders can profit in both ways. They can profit if you lose or win.
  • Regulated brokers have to keep their client’s assets independent of their company’s assets. They cannot use your assets to trade on the market if you have not initiated any trade. This means whatever happens to the company, the trader’s money remains intact.
  • For the binary options to be licensed by the regulatory bodies, they need to show proof and guarantee that they have the adequate financial capital needed to run their trading operations smoothly. The trades you make, start immediately you confirm. The broker, therefore, needs to have enough funds ready to cater to the clients on their platform.

Governments across the world are beginning to appreciate the binary options trading is a legitimate investment channel. They also know it is very easy for traders to be duped. There are two main reasons why government authorities are choosing to regulated binary trading brokers.

  • One, as already mentioned, need to ensure that clients are offered legitimate services by the brokers, and the brokers handle client’s money responsibly.
  • As with any other investments, there are profits and losses. You all know the government wants tax everywhere there is any profit. The regulation allows the government to cash in on the profits made, more so by the binary options brokers.

At this juncture, it should be pretty clear to you why you should only go for regulated binary options brokers. You are always at your own discretion to choose whichever broker you want to work with. You will lose nothing by choosing a regulated broker though. Also, note that there are binary options brokers that claim to be regulated in weird jurisdictions. Some of these jurisdictions have no proper systems in place to regulate the brokers. The most reputable and trustworthy jurisdictions are those from the countries mentioned above. It is prudent to stay away from binary options brokers claiming to be regulated by jurisdictions that have a history of money laundering, and tax evasion havens.

So, you have finally decided that you need to trade with a regulated binary options broker. Right?

If you follow the guidelines above, you will find a lot of available brokers. You will most likely be left confused concerning the broker you should choose. Apart from regulation, there are a few other factors you should consider before settling on any binary options broker.

  • Maximum payouts – different brokers offer different profit percentages when you win a trade. Higher percentages are always attractive. However, take time to explore other services offered by the broker. Some brokers will have low payout percentages but will offer you great resources that can help you win trades.
  • Minimum deposit – different brokers require different amounts of initial deposit to issue you with an account. Obviously, you can only work with the broker whose minimum deposit you can meet.

Below are three reputable binary options brokers that you could consider trading with.

Best Regulated Binary Options Brokers

You will find a long binary options brokers list if you go searching for some. Which binary options brokers are regulated? Which ones are trusted binary options brokers? There are many different binary option regulators that control trustworthy brokers. You could go for binary options brokers regulated by asic or binary options brokers regulated by cftc. binary options brokers who are regulated with the cftc are usually those looking to operate in the US. We shall look at binary options brokers regulated by cysec and binary options brokers regulated by fca since they are the most popular currently.

My Recommended Regulated Brokers

Broker Min Deposit ($) Min Stake ($) Max Payout (%)
IQ Option 10 1 95 1st Choice
ExpertOption 50 1 95 2nd Choice
Olymp Trade 10 1 92 3rd Choice

1. iqoption.com

IQ Option is one of the best, if not the best, binary options brokers. The Seychelles-based broker operates under the regulation of CySec. As we have already established CySec is also a reputable and respected regulation authority. IQ Option was launched in 2020 and has seen consistent growth since then. Consistent growth in an indication of satisfied traders and high winning rate. IQ Option has over 25 million subscribers as at now.

Trading Platform

IQ Option trading platform offers you up to 77 assets to trade with. They offer three types of accounts on their platform. The accounts are;

DEMO account- this is a virtual account that is offered to a new member on the platform so that they can learn how to trade. Binary options trading is available to everyone. It is prudent to start here if you have no idea about what binary trading is.

REAL account – This account gives you access to the real market. The account attracts a minimum deposit of $10. The account offers a cash back option of up to 45% too. You also have access to the web brokers trading competitions. A deposit of $100 and above will earn you free trading signals, and you also get access to more trading opportunities.

VIP account – this account attracts a minimum deposit of $3000. The account offers you unlimited access to trading opportunities. IQ Option will also give you a dedicated account manager and trading insights from their resident analyst. The account also offers refunds of up to 60% when you make wrong predictions.

  • The minimum deposit on IQ Option is $10 for a real account or $3000 for a premium account
  • The minimum investment is $1
  • The maximum returns are 95% profit on your stake
  • IQ Option offers no bonuses.
  • IQ Option operates a proprietary web, and Android and iPhone platforms

IQ Option is recognized by many players as one of the best binary options brokers 2020. It is also one of the best binary options brokers with low minimum deposit, and one the best binary options brokers regulated by CySec.

2. Raceoption

Raceoption is a UK-based binary options broker. It is subject to the laws and regulations of the FCA (Financial Conduct Authority). UK regulations have gotten tighter in recent years. Raceoption has stood out as one of the most compliant binary options brokers. The company has managed to get itself in the USA market too. That’s a strong point for any binary options broker. Raceoption has been operating since 2020 and has 1570 subscribers as of now. It boasts of average trader earnings of 1217 per month.

Trading Platform

Raceoption offers you over 100 assets to trade with. They offer three types of trading accounts too. The trading accounts are.

  • Bronze account- this trading account attracts a minimum deposit of $250. The account’s privileges include; demo account, copy trading tool, 1-hour withdrawal, 24/7 live support, and a bonus of 20%.
  • Silver account – this trading account attracts a minimum deposit of $1000. The account comes with all the privileges in the bronze account plus a master class training, up to 50% in bonuses, a dedicated account manager, and first three risk-free trades.
  • Gold account – this account attracts a minimum deposit of $3000. The account comes with all the privileges of the silver account plus, up to 100% in bonuses and integrated technical analysis.

Raceoption has one of the best binary trading sites. The sites are user-friendly and very responsive. Raceoption is one of the best binary options brokers regulated by FCA. It is one of the best binary options brokers uk. It is also one of the best us regulated binary options brokers.

Raceoption offers up to 90% profit on the stake in payoffs.

3. Binarymate

Binarymate is yet another reputable UK-based binary options trader. It is also under the regulation of the FCA (Financial Conduct Authority). It is also regulated and licensed by CySec. Binarymate is another one of the few binary options brokers that admit US traders. Binarymate is a recent entrant into the binary options scene. It has managed to gather 5372 subscribers in a short while. Binarymate is best binary options brokers for beginners. It offers a wide array of educational resources to help you learn.

Trading Platform

Binarymate offers over 100 assets for you to trade with. They offer three types of trading accounts too. The trading accounts are;

  • Bronze- this account attracts a minimum deposit of $250. You are also offered up to 20% bonus on your deposit.
  • Silver- this account attracts a minimum deposit of $1000. You are offered up to 50% bonus on your deposit.
  • Gold- this is the ultimate trading account on Binarymate. It attracts a minimum deposit of $3000. The account offers you either a bonus of $250 or risk-free trades.

You can choose to start with a demo account if you are a green beginner. You might not want to invest your money before you have learned the ropes of engaging on the Binarymate platform. Below are a few advantages to the Binarymate platform.

  • Steller customer support 24/7 live video chat support
  • 1-hour withdrawals processing time
  • Secure trading, and ample data protection

Binarymate pays maximum returns of up to 90% profit on the stake. The broker allows US traders on its platform. It is one of the best binary options brokers us.

These are three legit binary option brokers that you can choose to trade with. Other binary trading reviews will suggest different brokers depending on their findings. Trading binary option 2020 is one of the ways of making money online in 2020. It is not straightforward or easy though.

Binary Options Course

BINARY OPTIONS COURSE DETAILS:

Session 1 : Introduction

  1. Introduction to Binary Options Trading
  2. Forex Trading Vs Binary Options Trading
  3. Trading Chart Setup
  4. Tools for Trading Binary Options
  5. Software and Template Setup

Session 2 :

  1. Best Time to Trade Binary Options
  2. Risk and Money Management
  3. Choosing the Right Assets to Trade
  4. Choosing the type of Binary options
  5. Type of Binary Options Trade
  1. 60 Seconds Trade
  2. Up/Down (Call/Put)
  3. High/Low
  4. Even/Odd
  5. One Touch Option
  6. Touch/No Touch
  7. Range Option (Tunnel Option)
  8. Ladder Option
  9. Target Option

Session 3 :

  1. 60 Seconds trading
  1. Tools and Chart Setup for 60 second Binary Options
  2. Understanding the Movement of 60 Seconds
  3. Read and Interpret data for 60s trading
  4. How to Trade the News using 60 Seconds Binary Options
  5. 60 Seconds Binary Options Strategies
  6. 60 Seconds Binary Options trading – Live Trade Example
  1. Call Option/Put Option (Up/Down or High/Low)
  1. Chart Setup and Tools Setup
  2. Understanding different timeframe movements
  3. How to choose best Currencies, Commodities, Stocks, Indices, CFD, Shares for Call and Put Binary Options trading
  4. How to trade news with Call/Put Options
  5. Call/Put, Up/Down, High/Low Binary Options Techniques
  6. Live Binary Options Trade Example

Session 4 :

  1. One Touch Options
  1. Chart Setup and Tools Setup
  2. Understanding the movement for making profit in One Touch Options
  3. How to choose best Currencies, Commodities, Stocks, Indices, CFD, Shares for One Touch Binary Options trading
  4. How to trade the News with One Touch Options
  5. One Touch Options Strategy
  6. Live One Touch Options trade Example
  1. Touch/No Touch Options
  1. Chart Setup and Tools Setup
  2. Understanding the movement for making profit in Touch/No Touch Options
  3. How to choose the Right Currencies, Commodities, Stocks, Indices, CFD, Shares for Touch/No Touch Binary Options trading
  4. How to trade the News with Touch/No Touch Options
  5. Touch/No Options Strategy
  6. Live Touch/No Touch Options Live trade Example

Session 5 :

  1. Range Options (Tunnel Options)
  1. Chart Setup and Tools Setup
  2. Understanding the Market Range and Tunnel Formation
  3. Choosing the Right Forex Currency Pairs, Commodities, Stocks, Indices, CFD, Shares for Range/Tunnel Binary Options trading
  4. How to trade the News with Range Options/ Tunnel Options
  5. Range Options/ Tunnel Options Strategy
  6. Range Options/ Tunnel Options Live trade Example
  1. Ladder Options
  1. Ladder Chart Setup and Tools Setup
  2. Identifying the Ladder Formation in the Market
  3. Choosing the Right Forex Currency Pairs, Commodities, Stocks, Indices, CFD, Shares for Ladder Binary Options trading
  4. How to trade the News with Ladder Options
  5. Ladder Options Strategy
  6. Ladder Options Live trade Example

3. Target Options

  1. Chart and Tools Setup
  2. Identifying the Opportunity for Target Options
  3. Choosing the Right Forex Currency Pairs, Commodities, Stocks, Indices, CFD, Shares for Ladder Binary Options trading
  4. How to trade the News with Target Options
  5. Target Options Strategy
  6. Target Options Live trade Example

Session 6 :

  1. Choosing the Right Assets (Forex, Commodity, Stocks, Shares, Indices, CFD’s) for Intra-Day Trading.
  2. Choosing the Right Assets for Short Term Trading.
  3. Choosing the Right Assets for Positional trading (Long term Trading)
  4. Choosing the Correct Entry and Expiry Time
  5. Creating your Own Binary Options Strategy
  6. Live Trade Practice with Our Experts Guidance

Binary Options Course Fee : 247 USD.

Ready to Join the course for trading success ? click here to contact now (or) mail us to : [email protected]

If you have any Questions (or) Doubts in trading. Feel free to contact us at anytime.

We are ready to help you always !

Binary Options is very easy to make 10$ to 1000$ in few hours. But it require Mathematical calculation and volatile forex trading strategies. If you are trading binary options in 30 seconds, 1 minute, 2 minute, 5 minute market chart, you are gambling your money and getting unnecessary stress, pressure and health related problems. If you do not have patience in binary options, you will loss all your money very easily. If you take limited trades like 3 binary option trades a day, it brings you discipline in your binary option strategy. Market will not keep printing the same chart movements all the time. Each time, market changes it’s movement types. In high volatile market you can expect some big movements in the market, if you do binary options at that time(example : EUR,US Coincide session), you can make good profit and returns on your investment. Because, after you placing Put or Call Option, market will move far away from your entry price at this high volatile times. Hope you understand a small strategy to make profit on binary options.

Today, many brokers offer binary options along with Forex and CFDs. Many people simply want to increase their income through, but stable earnings are certainly relevant for all of them, and even better if this income is steadily increasing. Stable profit making from online trading– is certainly achievable goal, but you need to be prepared for working hard.

Understanding Risks and Rewards

The first thing you need to do – is to understand that there are no freebies. Binary options and CFDs, despite simplicity in execution on broker platforms, require special attention and decent commitment from the trader. Online trading is very risky, is not a game for everyone, it is serious task, otherwise you are in even bigger risk to lose your capital.

Handling the Broker Selection

Having understood that binary options are not suitable for everyone (same goes for CFDs), you should choose a broker if you think you are knowlegable enough. Diversification of risk in this case is important as anywhere. Next step is to register with the broker and open a demo account in which you should train some time. The training should consist of fundamental and technical analysis theory, practical activities, market analysis. At this stage, you also need to choose a couple of assets for yourself, and as much as possible to examine the situation on the market.

At the stage of learning is also necessary to try all your favorite ready-made strategies. With binary options, income begins when there is seven profitable trades out of ten, providing the investment amount and returns are the same. Focusing on the market, choosing a reliable broker, creating your own strategy, it is necessary to start working.

This way is clear and understood by everyone, but so many novice traders ignore this scenario and prefer to jump in a shallow in the pool with their heads first.

Strategy is Crucial

Based on the strategy, traders plan to trade using signals and trading recommendarions. Thus, the signals – are a kind of beacons, which new or experienced trader are guided in their work by using different strategies.

Signals will not help a novice trader to learn how to trade. They are a foundation that will serve as the beginning of own strategy development, which each has its own unique trader. Gradually learning new strategies and improving your theoretical and practical skills, you can develop your own trading strategy.

Both successful traders and beginners use free trading signals in order to make their trading effective. They allow you to predict the movement of prices for a given asset. The signals provide a forecast with high probability of a successful outcome, as they are the result of financial instruments analysis. At the time when much of the relevant indicators tracks changes in the market (rising or falling), signal indicates the trader that the probability of the forecast is high.

Profiting from Auto Trading Systems

Many of us are trying to predict price movements on the chart using technical analysis. But technology does not stand still, and today there are automated trading systems that make this complicated work for the trader.

In other words – they are robots, which operation algorithms include figures, wave theory, Fibonacci numbers, indicators etc. MetaTrader store has numerous Expert Advisors one can plug in into their MT platform. For those who do not know or wish to do the whole work themselves, a more straightforward solutions like the FXMasterBot are also available.

The advantages of this kind of instruments are not clear enough yet. One of the advantages of FXMasterBot is high speed of decision making. Trading robot can monitor tens, hundreds, securities prices, to make complex calculations quickly, make a decision and then put the application. Man would not be able to so quickly analyze so much information. However, you have to decide yourself if you are going to accept or reject the proposed trade.

Another positive aspect of trading robots using is accuracy. Trading robot does not make mistakes (unless the error has crept into the program code when it is created), all inputs and outputs can be calculated with an accuracy of up to several decimal places, if necessary. Exposing an application, robot does not inadvertently pick up extra zero or a comma in the wrong place. Traders who trade manually, sometimes make mistakes in calculations or when placing orders. From some of these errors well-designed trading platform can protect, but the chance for error still remains.

Finally the biggest advantage of trading robots is that trading robot is not subjective to emotions. Many traders, especially beginners, suffering the emotional impulses, commit the transaction, contrary to the logic of the trading system, and in most cases, such transactions are unprofitable. Trading robot always strictly adhered to its logic.

Binary Options Trading in South Africa

This website is the one of the leading resources in the world of binary options trading. We have a very large database of reviews on binary options brokers, binary robots, signals, guides and much more. The guides are specifically designed to assist South African traders in getting any and every information needed on various topics in the field of binary options trading. With our site, we aim to provide reviews on great brokers and binary trading products that will not only be of service to binary traders in South Africa but which actually have a substantial product that traders will be able to use efficiently.

*Amount will be credited to account in case of successful investment

It is a fairly well known fact that the industry of binary options has been extremely well received by traders who cannot afford to invest ridiculously large funds in financial trading. This is especially true for South African Traders as this type of online investment trading has profiled into one of the most popular types of trading.

Binary Options Broker Lists

In order to make things more user-friendly for binary options traders who look to us to find information on various available brokers in the industry, we have compiled several different broker lists. Lists can be an extremely beneficial feature for South African binary options traders as they get all the necessary information in a clean and organized manner.

Each of the list categories is formulated in an easy to understand way without unnecessary complications. This important when considering the way in which most active traders actually enter the binary options trading industry. They are typically in a situation where it is very hard to know whether some broker is a good fit for them or even transparent in their business practices. When South African traders find themselves in this situation they do need a way to decide how to choose a broker that is not involved in scam practices.

The multiple categories available on our website are logically organized and easily searchable. Our primary goal is to bring traders in South Africa closer to relevant and professional binary brokers and other products and services so they do not need to spend time on manual research which is very time-consuming and tiring. Find out what each broker has to offer with just a click of the mouse.

Binary Options Trading In A Nutshell

The most basic way in which binary options trading works is by having two mutually exclusive choices, out of which traders choose only one, and can either get it right or get it wrong. What exactly does this mean? Underlying assets, like indices, currencies, commodities, and stock have their price which fluctuates on the market. When trading binary options, South African traders are actually predicting whether this price will go up or down in a predetermined time frame. If you are successful in your prediction you will profit from the trade, if you get it wrong, you lose the individual investment. The important thing about this type of trading is that potential losses and wins are known in advance, actually, they are known to the trader even before he places the trade.

It is now clear that the main goal for South African traders is to be able to be correct in their assessment on which outcome will a certain trade have. This certainly not easy as it involves a lot of compounding factors which all influence the way in which your decision will go. Market analysis, various strategies, and techniques, education, and experience, all play a very important and significant role in being successful in predicting the asset price movement in a global market.

Binary Options Trading Industry in South Africa

When reviewing the history of binary options trading it is clear that it all began in 2008 but did not just include one country but rather quickly spread across the world. As binary options trading industry started to grow, so did the various online trading platforms which had the capacity to offer many features and tools which would not have been available without them. South African traders were also one of those who got on the binary options bandwagon which is why today, in South Africa, binary options trading is one of the most popular trading types when we’re talking about online investment trading.

In this context, there are a few different types of underlying assets that you can trade with. Those types are as follows: commodities, stocks, indices, and currencies. Of course, these are not the only things you should know. There are multiple trading options available to South African traders with different varieties of expiry times. Obviously, each broker on the list of available brokers for South African traders has their own selection of assets and features that binary options traders can choose from.

Trading Options

When talking about various options in trading, South African traders have an extensive list to choose from: High/Low, 60 Seconds, Ladder, Pairs, One Touch and others. Expiry times vary from short to long term, meaning there are expiry time ranging from 60 seconds to several months, depending on traders preferences.

Talking about risks in binary options trading should be an essential part of any binary trading guide. It is important for South African traders to know that there are certain risks involved in trading binary options and financial trading in general. Considering that the execution of the trades depends on the fluctuating market trends which are not easy to predict. However, binary options trading has one thing that sets it apart from other forms of financial investment and that is that the risks and potential profit is known in advance. Not only does this allow traders to know exactly how much they can potentially profit or lose, but it gives them peace of mind because they are prepared and nothing will surprise them.

South African traders can trade binary options 100% online with just a couple of requirements. Internet connectivity is a must along with a device that can support a browser with which you can log into your trading platform.

Binary Options Trading Features

Binary options trading is generally well equipped with everything you need to have a great potential in creating a profit boost. However, there are a few necessities that need to be in place in order for that to happen. Trading features and tools are those basic requirements and can prove to be a tipping point for many traders.

Obviously, different brokers will include different features on their trading platform, but there are some that are fairly common and you will probably find all of them on most trading platforms. Demo account, mobile app, tools that enable a market analysis, trading limits and many more are designed specifically to speed up and simplify the trading process for South African traders regardless of their experience levels. These features are also targeted at allowing for additional time to spend on education and gaining experience as many traders are not investing enough time into those segments of their financial investment journey.

With all of the available trading features, we believe there is one that deserves special mention as it allows traders to gain a much valued experience in a risk free trading environment. Clearly, we are talking about the Demo account which can help South African traders get a lot of experience and most importantly, get them accustomed to the trading platform. This is a great thing as you really don’t want to experiment with your money when you decide to make a deposit and trade for real. Obviously, demo account is completely free and doesn’t require any deposits as it contains virtual money that is at your disposal.

Choosing Binary Options Broker in South Africa

Although, this isn’t something that seems overly complicated, choosing a binary options broker in South Africa can prove to be a daunting task. This is clearly one of the most crucial steps in binary options trading seeing that the wrong choice of broker can have heavy consequences. In most cases, checking if a broker has a demo account is enough to figure out at least if they deserve your attention and consideration.

Naturally, there is so much more to actually making a good decision about which broker to choose for your binary trading journey in South Africa. Another way to get a feeling about how a particular broker might behave once you set up an account with them, is to read the detailed reviews. By going over those, you will be able to find out if there have been any important complaints against a brokerage that you are considering. You want to look for transparent and straightforward brokers who do not complicate things are and focused on their availability to their South African traders.

Many brokers will have different minimum deposit amounts, but the industry standard is still $250 which is also the case for brokers that are available to South African binary options traders. Obviously, we want to encourage you to find out the specifics of each broker as you do your research as it is quite possible that the one you have chosen has an entirely different deposit amount or that they have recently changed their policy on this.

When on the subject of policy changes, make sure to also have a good comb through broker terms and conditions as there you will find all the fine print that isn’t available anywhere else. Pay special attention to details regarding bonuses, deposits and withdrawals, customer support and any other condition that might be of particular interest to you.

The Essential Features of Brokers in South Africa

As we mentioned already, there are several different things to look out for when thinking about making a decision on a binary options broker in South Africa. As we already wrote further up, it is important to know that this is not something to be taken lightly and at the same time is definitely not an easy decision. This is especially true if South African traders do not have enough experience to figure out what exactly constitutes a good broker as there are many different factors that need to be taken into concern. IQoption is one of those brokers, along HighLow and Binary.com, who have made a significant positive impact on their binary options clients and have actually set the established patterns of trading.

In order to make this process a little easier on you, we have decided to list a few basic things traders need to pay attention to and decide if a certain broker is a good fit for them personally. It is also crucial that South African traders remain realistic in their expectations as no respected broker will ever guarantee profit or tell you that you will definitely get rich. This is more indicative of a scam broker and you should definitely stay far away from those.

Broker Licensing and Regulation

As it is usually the case, South African traders can opt to choose a licensed broker or one which is not regulated. This decision is very much dependant on your personal preferences as there is no right or wrong answer in this case. For brokers accepting traders from South Africa, this is not a mandatory element and it is completely legal for brokers to conduct their business without having a regulation license from an financial authority. If they do choose to get regulated it is their individual decision and not a legal requirement.

With this in mind, we do need to highlight that even though a particular broker does not have a regulated status, this does not mean that they will not be a great personal choice for you. Regulation simply dictates a higher legal framework in which the broker is required to work under but does not mean that if a broker does not have it, it is automatically a scam broker. There are many different factors that can indicate if a South African broker is a scam broker, which we will mention later in the guide, but regulation status is not one of them.

Taking all this into concern, we do think that the best course of action for South African traders is to simply go through all the broker reviews they find interesting to be able to weigh the information accordingly. As you will be able to see on your own, we have many detailed broker reviews which are written with the goal of providing a great and useful source of information for all traders in search of help with their decisions.

Carefully Read Terms & Conditions

Knowing all the necessary, fine-printed information is essential in protecting yourself in the online trading industry. This means that you should carefully read the terms and conditions on the main website of the binary options broker you are considering. This will allow you to feel comfortable knowing that the broker you have chosen has transparent business practices and is not a scam broker.

As we said, being ‘in-the-know’ concerning the conditions your chosen broker has imposed, it is fairly easy to spot a scam broker in that case. However, if you do not take your time to really go over terms and conditions written on the website, you could easily end up registering with a binary options broker that practices fraudulent behavior as a norm.

Terms and conditions are one of those things that exist everywhere where legal consequences are possible, which in and of itself makes it very important. Nonetheless, this is the website section that is most frequently overlooked as traders do not pay attention to what is written and simply press ‘accept’ when asked. This could lead to major issues down the road, so do yourself a favor and never skip this essential part.

In case you have taken our advice and decided to actually read it top to bottom, there is a possibility that, due to a more formal way it is written, there might be certain section that you will not be able to easily understand or they may not even make sense to you. In this case, make sure you contact binary brokers customer support that should be available 24/7 at least via email and ask any and all questions that may be of issue to you. Customer support service should be able to swiftly and eagerly reply to your questions and it should be constructed in a clear and understandable fashion. Some of the binary brokers available to South African traders who do follow these ‘rules’ are IQoption, Binary.com and High Low.

Customer Support and Education Resources

South African traders have another factor to think about when deciding on which binary options broker to choose from the vast number of those on the market nowadays. Customer support is one of those factors and is just as important as anything else mentioned in this guide, and here is why.

Customer support is much more than just a team of people who answer questions. If a broker is respectable and transparent they will have a very well educated customer support team who will be able to provide South African traders, not just with simple explanations, but also with support when you have more complex issues or any doubts regarding your registration or technical issues. They will be able to provide you with a piece of mind that your concerns are being taken seriously and that they will be dealt with at the highest possible level.

A good broker will also be featuring an extensive FAQ section which is meant to answer the most frequent questions that traders have asked so that you can get the information you need in just a few clicks. While FAQ sections are a great starter base for you initial questions, customer support is a better choice when dealing with more complex issues.

As far as when a good customer support section is available and in which manner, it is important to note that South African brokers that have a reputable customer support will be available 24/7. This service is usually via email, web form, fax or various phone numbers. The most preferred choice for traders is certainly Live Chat as it gives binary options traders the opportunity to access customer support almost instantly and can very quickly get the answers they need.

Education resources for traders are usually placed in the website section called the Education Center. This section typically offers many different resources to help traders upgrade their knowledge on binary options trading. It is something every good binary broker will invest in and have available for their clients. Usually, resources include various topics ranging from market analysis to video tutorials. With BDSwiss binary broker for example, you get this and much more.

How To Recognize Scam Brokers

Being able to spot a scam broker is of the utmost importance when participating in an online financial trading industry. Safety and the protection of your funds should be a number one priority to you as an South African trader and also for your binary options broker.

Obviously, considering how many brokers are out there in the industry it can prove to be pretty tricky to figure out who the scam brokers are as they seem to have been getting better in covering their tracks. Of course, there are ways to figure out that the broker might be involved in scamming traders.

Trading Platform Specifics

A great way about online broker reviews is that they are typically fairly detailed and can reveal a lot of things about a broker that a less experienced trader might not even recognize. One of those pretty important details is also the security and transparency of a trading platform used by the broker.

A large portion of South African brokers have high-security measures applied when it comes to the trading platform they are offering their clients. These measures are designed in such a way that your money and trade details are well protected from any threats that might lurk on the internet. The technology that is used to protect the sensitive information on the platform is usually an SSL encryption which is considered to be one of the highest ones.

Binary options traders in South Africa who choose a broker that offer this level of protection can be relaxed knowing that all of their sensitive data and funds are safe against any threat. Beware of any broker who does not invest in adequate trading platform protection as they will certainly not be very helpful if something is to happen to your money.

Know Your Customer policy

This is a policy that allows binary brokers to get to know their client so that they can take necessary precautions to protect their hard earned funds. This is a reflection of a very responsible and straightforward binary options broker in South Africa.

What exactly does this policy mean? It literally means that traders will need to prove their identity in several ways in order to get to withdraw their profit. This is not the most favourite thing for traders to do, but we assure you, it is very much necessary if you wish to be certain that no one else is not going to be able impersonate as you.

With this process there really is not any way that it possible for someone else to withdraw your hard earned money. This procedure is a sign of a very good broker who acts responsibly to the funds they are entrusted to keep. Although the process is fairly similar among all the brokers, it is possible that it will differ from one to another. In any case, there are certain documents that are typically asked to be provided:

  • Bank statement or other proof of residence
  • Driver’s license
  • ID card and/or passport
  • A fairly new utility bill

Hard to Understand Terms & Conditions

We have mentioned before how reading terms and conditions is a very important part of being a responsible binary options trader and we will highlight that once again. However, we do understand that there are sometimes situations where the broker has supplied their traders with terms and conditions that are very hard to understand.

By this we don’t mean that they are simply written a bit more complicated, as this is still a legally binding document and can get fairly technical. By this we actually mean that if you notice that terms and conditions are intentionally made extremely complicated and/or if they simply do not make any sense at all. In this situation you might want to consider if your broker is actually a scam broker.

South African scam broker sometime even go that far that they actively try to ‘hide’ their terms and conditions on their website so that they are hard to actually to find, and since they know most traders do not even bother with reading them, this is a perfect scam disguise.

If you are not sure whether the content you are reading is complicated by nature or is this cone on purpose to throw South African traders off track, you should always contact customer support and directly ask anything you are not comfortable with. If you are not happy with the response they give you, think about finding a new binary options broker. One of the perfect examples of a great customer support is that of IQoption binary options broker.

Promises of Profit

One of the ways broker are encouraging traders to use their platform is by developing interesting bonuses and promotions on their websites. Clearly, it is important to understand what you have to do on your part in order to withdraw you possible profits. However, there are those brokers who are simply so obvious in being scam that it is not even worth your time.

This is especially true for brokers who have no issues with promising very high-profit amounts and ridiculous winning rates. Most South African traders know this, but it doesn’t hurt to stipulate it once again – binary options trading by definition involves risks. These risks are inherent and there is never a possibility to completely bypass it. So when a binary broker is openly promising and guaranteeing profit, you can be absolutely certain that they are scam brokers.

Always stay far away from brokers who promise you profit and you should never consider registering with them. There are plenty of reputable brokers in South Africa, there is no need to waste your time and money on these.

Funds Cannot Be Withdrawn

This particular issue is probably the most indicative of a scam broker in addition to guaranteeing profit. Clearly, sometimes it can happen that funds cannot be withdrawn due to some type of technical difficulty or you haven’t provided sufficient documents to prove your identity. In these cases, the delay is only temporary and it usually is corrected very soon. Also, the broker with which this is happening will be contacting you to explain what the problem is in detail and how to remedy it, or how long you have to wait for them to fix a technical glitch they might be experiencing.

On the other hand, there are those situations where brokers are simply refusing to start your withdrawal process or if it is already begun, you never actually receive your money. If this is something you run into, it is a fairly good sign that you have run into a scam binary option broker.

Scam brokers are plentiful and coming up with more and more elaborate ways to trick their clients. One of those is simply by not giving the clients their hard earned money. We encourage you to carefully read the broker reviews we have on our website to see if a particular broker has ever had any complaints made against them for this or similar issue. If this is the case, we urge you to change the broker you are currently dealing with and find a reputable, transparent broker who puts the needs of their clients before their own.

Binary Options Robots

Binary options trading certainly takes up a lot of time and knowledge and not everyone is able to free up a few hours a day from their schedule to dedicate to binary options trading. With that in minds, more and more South African traders are opting to use a binary options robot to do their trading for them.

South African traders have plenty of choices when they decide to use a binary robot as their trading platform. These robots are a great way to optimize your profit potential regardless of your broker of choice as they typically have a lot of trading options and tools that traders can use to make the trading process much easier for themselves.

Binary options trading robots which are available for the South African binary market are genuinely exquisite pieces of software that are designed to take the hard work away from you and let you focus on other things in life. They usually also feature a very important option that is celebrated for being very useful to traders of all backgrounds and expertise levels. This options is the auto-trading options which lets you manually decide to place your found trades.

What does this mean exactly? Well, the robot that you have chosen or will be choosing to automate your trading process is able to scan the financial market and pull information from it in order to find you the trades with the most profit potential. Once the software has recognized this trade, he will either place it automatically, according to set criteria which is completely customizable by the trader, or the trade will be delivered to you to place it manually or decline it. This way your trading process is completely in your hand, you do not need to hand over control.

Binary Options Signals

Binary options signals help traders to find the trades with the most perspective on the fluid, competitive financial market. Signals are actually based on algorithms that are able to scan the market data and pull it back to bring the trader the most relevant info about the trades they will be able to trade.

Traders in South Africa are choosing to use binary options signals more and more often simply because the time saved it worth it. The amount of data crunching necessary for the trader to get a decent prediction on a possible trade can be overwhelming and not a lot of people have the luxury to devote so much time to binary options trading or any other type of trading available. The manual process also requires expensive knowledge and education and it is simply not plausible that all traders are going to be able to do it correctly.

Binary options signals have another thing going for them and that is the time factor. Not just the data analyzing time but also the consideration about the expiry times. Binary options are being traded in a relatively short time frames and if you are not fast enough, the trade can already be done in the time you get all the necessary info you need to decide which way to place the trade. With binary options signals, you get all the trade details in the form of a pop-up along with the benefit of having that information in time to set up your trade preferences.

Binary options trading in South Africa is completely legal. Any South African trader, whether prospective or current can rest assured that there are no legal sanctions for binary options trading in this part of the world.

As we already mentioned, but it doesn’t hurt to mention it once again – Regulation in South Africa is not legally required, therefore it is an individual choice of each and every broker to either get a license or to be without one. Some brokers do not feel like their traders would benefit from them becoming regulated nor is it a guarantee of any quality.

Regardless of how well you think you are educated in binary options trading, make sure that you do not feel rushed to place trades or to deposit with any broker. Any broker that is pressuring their clients to deposit money to their account or to place trades, especially if they are simultaneously promising unrealistic goals and are generally being very aggressive in their approach and marketing should be avoided. This does not pertain to legality or regulation as even the most regulated brokers can be scam brokers. What traders need to know is that when they are looking for a reputable broker in South Africa they need to follow their instinct as there are many good brokers out there, one must simply identify them.

Final Words

Binaryoption.co.za is a website dedicated to binary options trading and everything pertaining to it. We aim to provide South African traders with very detailed guides and reviews on brokers, binary options signals and robots and much more.

When it comes to any type of financial trading, South African traders are urged to learn how to set aside their own emotions if they wish to have a chance at boosting their profit potential with binary options trading. Being emotional in this type of business is not an advantage and can actually cost you dearly. Make sure to remain calm and collected and carefully consider you traders and investment plans in general.

Traders need to keep in mind that no one should be allowed to trade in their place. Choose reputable brokers and keep in mind that you need to invest your time in educating yourself about all things binary if you wish to potentially reduce your risks.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
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  • Binomo
    Binomo

    Trustful Broker!

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Broker Min Deposit ($) Min Stake ($) Max Payout (%)
IQ Option 10 1 95 1st Choice
ExpertOption 50 1 95 2nd Choice
Olymp Trade 10 1 92 3rd Choice