Social Trading South Africa ¦ BinaryTrading.co.za

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!

Contents

Is Trading Binary Options in South Africa Legal?

September 26, 2020 11:46 am

Due the growing popularity of binary options, the question must be asked, is this form of trading currently legal in South Africa and how has this market developed in South Africa over the past few years.

Lets first look at what the definition is of a Binary Option is. A Binary Option can be defined as the investors right to receive a payout at some specific or agreed event (usually time) that takes place in the future. Please note, the investor is not under any obligation to trade or purchase the option, they are purely given the right to do so. Binary trading is still a pretty new form or trading, while compared to a general option, its usually determined by the outcome of an event.

How does this apply to South African traders?

A Binary option is interpreted as a “derivative instrument” which according to the Securities Services Act of 2004 (SSA), is included under its own definition of a “security”. In early 2007, The Bond Exchange of South Africa (BESA), partnered with a well known company in SA with a plan to develop a new platform capable of allowing investors to trade securities and assets on the JSE using the Binary Option principles discussed above. This platform came into effect in December of 2007 after it was given approval by the registrar of security services. It is only recently that the popularity of Binary Options in South Africa have started growing. The main reason being is that it gives investors a relatively short view of a specific trade, a fixed risk exposure i.e. an investor knows their risk and can never lose more then what they invest.

In some cases trading Binary options is often compared to gambling, or specifically Roulette as there are only two possible outcomes. A trader can only predict whether a specific asset will move UP or DOWN, similar to BLACK or RED when playing roulette. The type of investors this product attracts are usually the goal focused individuals (General traders, bankers and economists) and only recently in South Africa this is now available for the general retail market. This type of trading also attracts risk adverse investors who may want to hedge their positions on their other trades.

According to an article from the South African Financial Markets Journal (SAFMJ), “this market, in its current form, is not regulated by the Securities Services Act, is not currently regulated by the Financial Services Board and is certainly not regulated in any form or function by the JSE. It is a market that offers little, if any, investor protection”. “Why then do Binary Options exist? The answer is simple, a benign regulatory environment and a profitable business model for the issuers – usually at the expense of the investor.”

According to an article written by The Bond Exchange of South Africa (BESA), A binary option is defined as the right, but not the obligation, to receive a fixed pay-out at some agreed future time at a pre-specified price of the underlying instrument. It is a relatively new form of market in which event driven futures are traded where the instruments traded are determined by the outcome of a future event. These instruments can be interpreted
as “derivative instruments” which are included under the definition of “securities” in the Securities Services
Act, 2004 (SSA).

Forex Trading South Africa: What Is Forex Trading in SA? Forex South Africa

Forex Trading South Africa: South African Forex Traders can now find useful information through this Forex Trading South Africa website. We pride ourselves as one of the most reliable and trustworthy independent reviewer of Forex brokers in South Africa.

What exactly what do we do at ForexTradingSouthAfrica.co.za (Forex Trading South Africa)? We provide useful information about everything you need to know about online currency trading. Our goal is to provide all the details you need to know about Forex. Especially Forex Trading for Beginners.

Best Forex Trading South Africa Sites

BROKERS IN SOUTH AFRICA REGULATORS MIN. DEPOSIT ACTION
Regulated By
FSB in South Africa
Min.Deposit $250 OPEN ACCOUNT
CM Trading Review
Regulated By
FSB in South Africa
Min.Deposit R1000 OPEN ACCOUNT
Markets Com Review

Regulated By
FSB in South Africa Min.Deposit $250 OPEN ACCOUNT
24Option Review Regulated By
FSB in South Africa Min.Deposit $100 OPEN ACCOUNT
easyMarkets Review Regulated By ASIC, IFSC, CySEC Min.Deposit $5 OPEN ACCOUNT
XM Review Regulated By
FSB in South Africa Min.Deposit $100 OPEN ACCOUNT
AvaTrade Review

What is Forex?

Forex or FX stands for Foreign Exchange (Exchange Currencies). It is the world’s most traded market, with turnover of $5.3 trillion per day.

What is Forex trading?

Forex trading, also known as foreign exchange, FX or currency trading, is the act of you buying foreign currency at bid price and selling it at higher price in future to make profit. Forex Market is the place where one can trade in currencies. Price of one currency in Forex trading is always determined in another currency because you always buy one currency using another currency. You trade in ‘currency pair’ in a form of CFD Trading, where CFD is speculation on the asset value. Example of a currency pair is ZARUSD or GBPUSD. It is a Standardized Currency Code.

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!

Forex Trading Regulations in South Africa

At Forex Trading South Africa website, we discovered that many people became aware of the forex market since the initial start-up of the internet. However, South Africa started participating in foreign exchange about 17-years ago.

Forex Trading SA

During this time, there were no regulations or institutions such as FSCA that prohibited people or companies to start their own forex trading companies. This led to forex investors and traders losing millions due to fraud. To make sure that forex traders in South Africa do no lose their money, regulations were established to prevent fraudsters from scamming people. Regulators also make sure that brokers follow the law and they provide insurance for the traders’ funds.

The Financial Sector Conduct Authority (FSCA) is the institution that protects South Africans in the non-banking financial sector. When you choose a broker, you are advised to always check the FSCA list to see if your broker is regulated and for what instruments.

If the selected broker is not regulated by the FSCA, check if it’s regulated by another regulator such as the FCA (United Kingdom), CySEC (European Union) or ASIC (Australia).

Forex Market Trading Hours

Forex trading hours in South Africa, Forex works 24/7 and 5 days a week except for the weekends. The main trading centres are in New York, Tokyo, Hong Kong, Paris, Sydney, Frankfurt, Zurich, London and Singapore. However, banks across the globe also participate in trading.

  • Sydney Open – 07:00 AM Sydney Close – 4:00 PM (US Time) – 08:00 AM in South Africa
  • London Open – 08:00 AM London Close – 4:00 PM (US Time) – 06:00 PM in South Africa
  • Tokyo Open – 09:00 AM Tokyo Close – 6:00 PM (US Time) – 10:00 AM in South Africa
  • New York Open – 08:00 AM New York Close – 5:00 PM (US Time) – 11:00 PM in South Africa

How to start Forex Trading at ForexTradingSouthAfrica.co.za

How to start trading Forex? Before you begin forex trading, you need to decide which currency pair you wish to trade. At ForexTradingSouthAfrica.co.za we exist to help you choose. There are over 65 currency pairs to choose from. You then decide on the type of Forex trade, whether CFDs, Commodities or Forex. After you have decided what you want to trade, you can buy or sell currencies.

Forex is traded in pairs, this of USD / ZAR, USD is the base currency and ZAR is the quote currency. For example, One US Dollar costs R13.41. Imagine you buy 1 000 US Dollar and you pay R15 910 ZAR. Later that day, the USD rises. When you close your position by selling the USD 1 000, you will receive ZAR 16 160. Meaning you will receive a profit of ZAR 250.

But imagine if the USD decreases later that day, when you close your position by selling the USD 1 000, you will then receive ZAR 15 660, losing ZAR 250.

Reasons to Trade Forex in South Africa

  • When you trade currencies, brokers make sure that they give you powerful currency trading platforms. You can trade currencies manually or use automatic trading.
  • Most brokers are internationally regulated online forex trading companies, so you can trade peacefully.
  • Trade leveraged trading up to 400:1 leverage on popular traded currency pairs such as USD / GBP or USD / EUR
  • You get a chance to trade more than 60 currency pairs. You can trade major, minor and exotic currency pairs.
  • Trade with low spreads
  • Most Forex Trading brokers offer demo accounts for practice, as well as free manuals for forex education.
  • You also get to choose from a wide variety of languages
  • Guaranteed 24 hour, 5 days a week multi-lingual call centre customer service
  • You can open a trading account with any of the above mentioned SA regulated brokers.

Types of Forex Trading Accounts

  • Demo accounts – Demo or practice account, uses fake or virtual money. Demo accounts are for training purposes. If you are a forex beginner, you need to practice with demo before trading with real money.
  • Cent Accounts – have a minimum deposit of $5 (+/- R80), Spreads from 1.5.
  • Standard Accounts – have a $100 minimum deposit (+/- R 1,400), Spreads from 1.3.
  • Micro Accounts – require a minimum of $100.
  • Mini Accounts – this type of accounts does not require clients have a minimum amount. Some brokers recommend mini accounts for beginners. It has loose spreads.
  • ECN Zero Accounts – require a minimum deposit of $500 and provide 0-pips spreads in exchange for transaction fee. Some experts don’t recommend this type of forex account for beginners; only experienced traders with sizable assets can choose it.
  • Premium Accounts – have a $2,500 minimum deposit. Premium accounts give traders access to a wide range of expert advisors and auto-trade benefits.
  • VIP Accounts – require a minimum deposit of $20,000 or more.

After you have decided which forex trading account you wish to choose, you can sign up an account with a broker. After signing up, the broker will verify your information through a phone call and you will also be required to submit supporting documents such as copy of your ID.

How to open a forex trading account in South Africa?

Before you open a live forex trading account, you need to understand how forex and market analysis work. You need to understand that the currency market here might be different from another country. Here, trade forex involves taxation. The South African Revenue Services (SARS) taxes trading profits for forex traders who trade in SA and make regular profits. According to SARS, Tax rates range from 18% to 42% depending on the amount of profits generated and other factors relating to each individual’s tax status.

You also need to have knowledge about the regulation in your jurisdiction. Brokers in South Africa are regulated by the South African Financial Sector Conduct Authority (FSCA), which is is responsible for market conduct regulation and supervision. Forex brokers, who are licensed and regulated by the FSCA, are not permitted to give clients’ information to third parties and are required to maintain trader funds in separated accounts.

How to trade Forex in South Africa?

You need to understand the foreign market before you start Forex trading SA. The market opens 5 days a week from 5pm EST on Sunday until 5pm EST on Friday. Below are steps to take before you begin to trade currencies:

Step 1: finding the right South African Forex broker

With the help of the best Forex trading brokers, you can run trading strategy smoothly, both in technical analysis or fundamental skills. But you also could end in failure if the broker you choose turns out to be of poor quality. Characteristics of a good Forex broker is not rigging its clients. To find out which cheating broker, you can see from regularity and by trying to trade on demo accounts.

For new traders may be more important is using the demo account to practice your trading skills. If you are a new trader, remember to start your trading experience only with a demo account! You certainly don’t want to want to lose money because of the first error, isn’t it?

Step 2: learn the basics of forex

If you’ve found the appropriate forex broker, then it is time to shift the focus of information about forex. You can get it easily from sites provide a variety of information.

There are many articles and websites dedicated to the basics of forex, you need to do is simply type in Google about “the basics of foreign exchange market”. You will find everything you want, even more. This step should not be taken lightly, as it tries to trade without understanding how the market works is extremely risky.

Step 3: forex trading education

Forex education is like no other education. The subject of forex education market is very messy, so that education about it also likely fared the same. There are no fixed rules in foreign exchange market movement, otherwise it is unstable and likely to be dynamic.

To be successful you have to learn new things about forex regularly and continuously. Try to read many books, articles, and hear the opinions of other traders. The more learning, then you will be more educated and experienced.

Step 4: develop a forex trading strategy

When learning you will be satisfied with seeing and trying other people’s forex trading strategies or even follow signals given other currency traders. But remember, your goal is actually to be able to develop its own strategy. In order to do so, not only needed repair for one hour only. You will be obliged to follow the development of trading and the forex market day by day. Thus you will not only create new strategies, but also able to repair if the error and failure when trading currency.

The improvements should continue to do until you find the most appropriate strategy. After the strategy is found and the system is fixed, then it’s time to enjoy your currency trading results. Furthermore, Forex trading will be a real pleasure, which leads to your financial freedom today and in the future.

Forex Trading South Africa FAQs

Get answers to the most frequently asked questions about Forex Trading in South Africa.

What are forex rates?

In Forex trading, the pairing of the currencies is conferred as a rate that reflects the magnitude relation between the values of the 2 currencies. Take for an example, the rate for buying the pair USD / ZAR is 1.00, that is R1 = 0.071 United States Dollar ($).

What is the best stock trading website for beginners in Johannesburg?

Well, we only recommend the ones listed on our site. They are more trustworthy and reliable. You can also use their demo forex accounts to practice using virtual money before using real money.

What is online trading and how does it work?

Buying and selling stock or anything online is referred to as “online trading”. Brokers buy and sell stock online through forex investment and they charge people a commission. To become a forex broker in South Africa, you need to have a license that permits you to trade stock through exchange.

Is it safe to trade online in South Africa?

Yes, it is safe to trade currency. In fact, make sure that the broker’s website is secured with an SSL Certificate to avoid your information being stolen or leaving your sensitive information on the website. Nonetheless, we recommend you trade with trusted trading companies. Do your research to find out if the company is legit and not just some online scam.

Is currency trading in South Africa legit?

Currency trading is real and legal in RSA. However, some people come up with scams online. Forex market regulators work day and night to eliminate scammers who rob people their hard earned money through foreign exchange investment.

Currency trading in South Africa is legal as long as you follow the laws and regulations of the forex markets to avoid money laundering and you provide your income tax.

What is a binary options broker?

Binary options broker is a person or a company that runs a financial option whereby the payoff is either some fixed economic amount or nothing at all.

Is Binary Options a gamble?

Binary options in some parts of the world are seen as a form of gambling. Some binary brokers and outlets have been exposed as scams. Some parts of financial investments regard binary option as a high-risk.

How do I start investing with little money in Forex market?

Well, it’s easy, start by saving every month. Avoid spending your money on unnecessary things. Save with a goal in mind. When you are done saving money, use your savings. Begin to trade currency or binary options little by little. There’s no rush, take your time to avoid risks. This saving strategy works better for forex for beginners.

How much money do I need to start forex trading in South Africa?

It depends on the forex broker, for example, some brokers require you to deposit any amount between $5 and $500 to open your forex account. The quantity you deposit can impact the quantity of leverage you’ll be able to use in your trades, as equity and margin are essential in Forex.

Can I lose more than I invest in Forex?

Normally you can’t lose. Brokers never let a trader lose more than funds available on their trading account. When the balance in your account approaches zero, brokers close your position. The loss which is large than the trader’s deposit is a loss of the Forex broker. Brokers must prevent this kind of loss.

Can you trade South African Rand in Forex?

The answer is yes, traders can trade the South African Rand in Forex Trading SA. The rand (sign: R; code: ZAR in Forex) is the official currency of ZA. Currency traders commonly trade ZAR. Some best brokers pair the Rand with other currencies such as US Dollars, the Great British Pound and Euros.

How many times a day can you trade forex?

You can only make five trades per day. You don’t have to overdo it. Furthermore, we can always recommend additional reading. We are here for you.

What is a foreign exchange rate?

In forex, foreign exchange rate is the rate at that one currency is going to be changed for another currency. It’s additionally considered the worth of one country’s currency in relevance another currency. Foreign exchange rates can change and there’s no guarantee until payment has been processed. For example, the exchange rate for USD to ZAR is 1 United States Dollar equals to 14,43 the Rand.

How can one be a successful trader?

Becoming a successful currency trader comes with practice. You cannot wake up today as a successful trader. Do your research, find yourself a mentor (someone who will guide you), develop forex trading strategies and use demo accounts to practice more. Furthermore, if the market is favouring you, take advantage of it. Remember, you also need to teach others so that you won’t forget your foreign exchange trading tips. Sharing is caring.

Is it easy to trade forex?

Forex trading in South Africa is easy once you understand how it works. Remember to start off with demo accounts before trading using real money. Also learn different forex terms so that you will know exactly what you are doing.

How can I become a successful trader?

Forex is just like any other work. There are many forex trading beginner’s guide you can find online. Some brokers also offer free course where you can learn trading jargon.

What is Leveraged Trading?

Leverage is given by the broker to modify traders to carry trading positions that square measure larger than what one’s own capital would otherwise enable.

What is a Pip?

Pip in Forex trading is an acronym for “percentage point” or “price interest point”. Pips are the smallest possible variation of a course anytime. When a currency pair increases or decreases, its movement is measured in pips. For example, if ZAR/USD moves from R13.36212 to R13.36321, it has moved a single pip. Pips are the fourth decimal place of the currency pair. But currency pairs that are calculated in hundreds, the pips is the second decimal place. A good example will be R13.36

Compare Trading Platforms in South Africa

For our south africa comparison, we found 2 brokers that are suitable and accept traders from Russian Federation.

We found 2 broker accounts (out of 147) that are suitable for South Africa.

AvaTrade

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About AvaTrade

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

71% of retail investor accounts lose money when trading CFDs with this provider.

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

68% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

The South African Financial Market

Dating back more than 120 years to 1887 and South Africa’s first gold rush , the Johannesburg Stock Exchange (JSE) is South Africa’s primary stock market and securities exchange.

As Africa’s largest stock exchange, the World Federation of Exchanges ranks JSE Limited as 19th among the largest stock exchanges in the world by market capitalisation. Well established companies that are not yet ready to list on the JSE’s main board can list on JSE’s AltX exchange instead.

The main stock index for the JSE is the FTSE/JSE Africa All Share Index . This headline index consists of 99% of all eligible equities listed on the JSE’s Main Board of the JSE. The broad All Share Index is further broken down into market capitalisation size categories as the Top 40, Mid Cap and Small Cap Indices.

After South Africa recently adopted an improved “ Twin Peaks ” regulatory system in 2020, financial market conduct regulation in South Africa for online forex and contract for difference (CFD) brokers has fallen under the auspices of the Financial Sector Conduct Authority (FSCA), which had replaced the Financial Services Board (FSB).

The FSCA operates outside the South African Reserve Bank (SARB), the country’s central bank, which also administers a prudential regulator called The Prudential Authority (PA) that is now responsible for regulating banks, insurance companies, financial cooperatives, financial conglomerates and some market infrastructures.

Forex traders may recognise the South African rand (ZAR) as South Africa’s national currency. The rand was ranked 20 th by the Bank for International Settlements (BIS ) among the most actively traded currencies in 2020, making up around 1.0 percent of the overall forex market’s daily turnover; slightly less than its 1.1 percent market share in 2020.

Trade factors that influence the South African financial markets include the price of key strategic commodities for the country, like oil and gold. Furthermore, South Africa’s exported goods and services account for 29.77% of South African Gross Domestic Product (GDP), according to the World Bank .

The country is therefore somewhat dependent on exports, particularly to China and the United States, making the country somewhat vulnerable to any ongoing trade disputes. For example, during 2020 the rand was one of the world’s worst-performing currencies against the dollar , but by the end of the year had begun showing signs of recovery based upon a reported thawing in the dispute between the two world superpowers.

Trading in South Africa

When looking for an online broker to trade forex or CFDs with, make sure to choose a well-regulated broker that has a strong reputation with clients, since they should be suitable for entrusting a margin deposit with them.

Online brokers generally offer several trading accounts for traders, including:

  • Forex Trading: Exchanging one currency for another forms the basis of forex trading. Exchange rates fluctuate as one currency rises or falls relative to another in particular currency pair. The popularity of forex trading has expanded greatly once online trading became possible. The forex market is the most liquid and largest financial market globally and had a daily turnover of $5.1 trillion/day in April 2020, according to data compiled by the BIS .
  • CFD Trading: Making transactions in derivative financial instruments known as contracts for difference (CFDs) allows traders to speculate on the future of their underlying assets. Such assets can consist of a currency pair, commodity, stock, stock index or other financial instruments.
  • Demo accounts: Funded with virtual money, these accounts can be used to practice trading, test a strategy or check out a broker’s services and platform. Find out more on opening demo accounts here .
  • Islamic accounts: These are suitable for traders who wish to trade in an account that conforms to Sharia law. Find out more on trading with an Islamic account .

With respect to trading stocks, the Johannesburg Stock Exchange provides trade executions in South African stocks, fixed income products and derivatives. Exchange transactions are largely executed in South African rand. To make a stock trade on the JSE , you will first need to open a trading account with a JSE-registered stockbroker who can then enter your orders into the exchange’s electronic trading and order entry system.

Opportunities of Trading in South Africa

South Africa has historically offered a rather attractive market for many businesses due to its relatively stable and well-established banking and financial system. For example, the country has benefited an increasingly mature level of infrastructure and local investment that comes from hosting Africa’s largest stock exchange.

Furthermore, according to the Schroders Global Investor Study investors remain rather positive on the South African stock market, while the FTSE/JSE Africa All Share Index is already trading well off its highs . In addition, South Africa offers a number of additional advantages for doing business in the following markets:

    • Consulting and services related to transportation
    • Various franchises
    • Information technology consulting
  • Electronic equipment

Furthermore, South Africa was ranked 23 rd by the World Bank for protecting minority investors, 46 th for paying taxes, and 66 th for resolving insolvencies. That suggests a rather favourable environment for individual investors and traders to operate in.

Challenges of Trading in South Africa

In recent years South Africa has experienced a budget deficit problem and had to cut its growth forecasts in October 2020. This suggests that South Africa’s economic growth has the potential to suffer further from tariffs, trade wars and the failure of major trade agreements.

Another upcoming event that could present a challenge for South African markets is the general election later in 2020 in which voters will elect a new National Assembly and fresh provincial legislatures, as well as determining if current President Cyril Ramaphosa stays in office.

The South African Reserve Bank only rarely intervenes directly in the currency market to stabilise the USD/ZAR exchange rate, which has shown sharp drops and high volatility due to news-related shocks. The rand has also displayed notable trends over time and has been softening overall in recent years due to South Africa’s twin current account and budget deficits . Such currency valuation shifts can cause foreign exchange uncertainty for traders and businesses looking for a more stable environment to operate in.

When it comes to starting a business, the World Bank ranked South Africa a rather poor 134 th . That organisation also gave the country an overall ease of doing business ranking of 82 nd and a 73 rd rank for obtaining credit. This indicates a relatively unfavourable environment for starting up or running a business, especially if it requires local financing.

Summary

Overall, individual traders may find South Africa a relatively favourable country to operate in due to its stable banking system and large stock exchange, although businesses may face more of a challenge. Furthermore, the country’s well-established “Twin Peaks” regulatory framework should additionally strengthen investor confidence in its financial system over time.

When searching for a broker to operate through in South Africa, traders should check to see that they offer a suitable range of asset classes, a decent trading platform, strong regulation and adequate financial security for a margin deposit.

Why Choose AvaTrade
For South Africa?

AvaTrade scored best in our review of the top brokers for south africa, which takes into account 120+ factors across eight categories. Here are some areas where AvaTrade scored highly in:

  • 12+ years in business
  • Offers 250+ instruments
  • A range of platform inc. MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.70pips
  • Used by 200,000+ traders.
  • Offers demo account
  • 4 languages

AvaTrade offers four ways to tradeForex, CFDs, Spread Betting, Social Trading. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

AvaTrade have a AAA trust score. This is largely down to them being regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI, segregating client funds, being segregating client funds, being established for over 12

Trust Score comparison

AvaTrade IG
Trust Score AAA AAA
Established in 2006 1974
Regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI Financial Conduct Authority and ASIC
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of AvaTrade vs. IG

Want to see how AvaTrade stacks up against IG? We’ve compared their spreads, features, and key information below.

Binary Options Trading – The Best Binary Brokers, Robots and Signals in South Africa

Best Online Trading Brokers

Binary Options South Africa

Best Binary Options Robots – South Africa

The goal we have set up is simple – to put together only those robots and binary brokers in the binary options industry which offer unique and effective trading features.

We are creating a place where South African traders can get informed and stay informed about trading solutions on the market which provide satisfactory trading experience.

Here, South Africans can learn what they need to know when they start looking for binary brokers or robots.

Find out about interesting trading features, handy apps and distinctive settings which stand out from the rest.

Our site has a mission to review binary brokers and robots for traders in South Africa and allow them insight into the exciting world of binary options trading.

Secure Trading with Nothing but the South African Brokers and Robots Reviewed by Us

As one of the fastest growing trading markets in the world, South Africa has virtually hundreds of various brokers, automated binary robots and signal providers to offer to interested traders.

One would think such a wide choice would make the selection easier.

Yet, it is not quite so.

The first step toward success in binary options trading, be in with binary brokers or robots, is to know what to look for.

After all, what South African traders opt for in terms of trading software or broker can mean the difference between a plush bank account or an empty one.

What are Binary Options?

The opportunity for the public at large to trade binary options appeared in 2008 which caused an outright revolution in the trading world.

What are binary options and what makes them so appealing?

Binary options are a form of online trading which have an expiry time, two basic possibilities when it comes to underlying price direction and a fixed return.

The fact that attracts so many to binary options is multidimensional – the investment is affordable to the “Average Joe”, the basic principle is simple as the price of the underlying asset can go either up or down and it is all happening online.

Additionally, the trading can be done from virtually everywhere in the world where the internet connection is stable and traders may use all kinds of fantastic trade options and tools so it becomes much easier to understand the interest binary options draw from people.

There is a longish list of trade options which can be used such as the newbie favourite High/Low, 60 Seconds, Pair Options, Range Options, Ladder Options, One Touch…

Another point in favour of trading binaries is that traders know the risk, the profit and the potential loss in advance which makes money management much easier. The possible payouts are very attractive as well.

Traders are the ones who set the underlying asset’s price direction and its expiry time.

With all the benefits, it is understandable that many on the South African market wish to participate so the question how to do that is important. However, what prospective South African traders have to know before they start is that this form of trading is suitable for all.

Benefits of Successful Binary Trading in South Africa

Naturally, there are other forms of trading available on the market like Forex, yet binary options are far simpler and the possible gains go higher.

With binary options, South African traders have the absolute control when it comes to their trades and they also know the risk involved. Another aspect of binary trading makes it a very appealing prospect – it is not possible to lose more than the invested sum.

As indicated, trading binaries is versatile and South African traders may use not just various options but also a great selection of expiry times. Some can be as short as 30 seconds or as long as 150 days. This also provides a very individualised approach to trading as different traders have different trading styles.

It is also possible to use various trading strategies which can be combined with the selected expiry times. It is important to know that short expiry times are riskier but are also more profitable and very exciting.

The profits also depend on the selected binary broker so those may range between 70-93% which is an industry average. These numbers make it even more apparent why binary options trading is so popular, both in South Africa and around the world.

Traders may invest in a verity of underlying assets which are typically sorted into four categories of stocks, commodities, currencies and indices. Binary brokers provide an Asset Index where traders can see a complete list of available underlying assets and the total number may go over 200 with some brokers. This truly provides numerous trading possibilities.

The trading platforms are, especially with established brokers, modern but very efficient and user-friendly. That makes it even easier for beginner traders in South Africa to join the ranks of those profiting from binary options.

Additionally, traders can find a well-stocked selection of advanced tools and features to help them not just to trade but improve their skills as well. One of the most popular trading features is the demo account.

How to Trade Binary Options in South Africa as a Beginner

In our guide for dummies, South African traders can pick up various tips on how to approach binary options trading as a beginner and what they need to know before they invest their funds.

One of the first thing traders have to be aware of are scam brokers. Binary options trading is popular and widespread and there are those who are trying to take advantage of that using any means necessary. The good part is that traders who invest a bit of time into research and education can learn what to look out for. More importantly, they can learn the signs which typically point to a scam broker.

On our site, traders can find plenty of interesting and useful broker reviews which will provide info on all the essential aspects important for that broker.

Low minimum deposit is always a good choice for beginner South African traders, and brokers like IQOption ($10) or Binary.com ($5) could be a great starting point.

Starting Your Trading Journey with a Reliable Binary Broker?

Not knowing is not a problem because traders can learn. Educational materials, great advice and useful tips are just a click away.

We suggest that South African traders start by investing time into selecting a binary broker which provides a secure trading platform together with a variety of underlying assets and trading features.

We provide a list of best binary broker reviews which can be a huge help for all prospective South African traders. These brokers are, in most cases, regulated by one of the regulatory authorities which is also important as it provides more confidence.

Why Do Traders Have To Read Broker Reviews?

Financial trading or investment without a certain amount of risk does not exist. Yet, in binary options trading that risk can be minimised by being properly informed. This is where the importance of broker reviews come in. When South African traders read broker reviews they obtain valuable information before they select a broker for binary trading.

We work hard to make our reviews as objective as possible, providing detailed information about trading platforms, available underlying assets, payment methods, withdrawal procedure and customer support.

Our site is designed to give traders in South Africa valuable input about broker’s services and trading options so traders can decide whether they want to make a deposit with a certain broker or not.

As mentioned, there are risks involved with any kind of financial trading and losses occur, just as profits. It is possible to find negative and highly subjective opinions of traders who have lost their investment on various forum sites. Often, they will be filled with frustration, dissatisfaction and only the partial truths.

We advise traders to consult reviews written on BinaryOptionRobot.com where they will be able to find a selection or useful info rather than going to obscure forums which are more often than not used simply to vent anger and frustration.

Experience and Profit from Demo Account as a Beginner

Demo accounts are one of the best allies South African beginner traders can have in binary options trading. There are plenty of brokers listed on BinaryOptionRobot.com which provide demo accounts for their traders like Opteck, 24option and 365trading.

The demo account is the perfect practice field since it is a risk-free environment due to the fact that funds are virtual and not real on the demo. Traders who utilise the demo account can gain more knowledge but also confidence.

Once they have done sufficient practising on the demo they can move on to a real account and start their binary options trading journey.

Binary Auto Trading

What Do You Know about Binary Auto Tradingin South Africa?

Binary options trading can truly be done by anyone, that is why it became so popular so quickly. Yet, a certain level of knowledge and skill is necessary to get that which all binary options traders want the most – profit.

Binary auto trading grew from the desire to make this online trading venture even more accessible to a large public. It is not easy to take up something new, especially when it comes to investing money. This fear can frequently keep inexperienced South African traders back. This means that often, traders would get stuck between the rock and the hard place. They wish to participate and profit but are too afraid to do so.

Then, there is also the aspect of learning to consider.

That means that South Africans who wish to do binary trading successfully have to invest time into learning about trading strategies, market monitoring and other aspects necessary for binary trading.

Yet, not all traders are willing or in a position to do that. Luckily, there is a solution and it is called binary auto trading. Or, trading with binary options robots as this manner of trading is known better. This way of trading is becoming very popular and it is easy to understand why.

As one of the best software currently available on the market, we reviewed and checked Binary Options Robot, which is completely free trading software that works so as to place trades in various underlying assets respecting traders’ wishes.

This advanced trading solution makes use of the amazing technology available today to scrutinise the circumstances on the South African market and then place trades according to settings adjusted by traders.

It may also achieve high payouts which makes Binary Options Robot even more attractive trading solution for inexperienced South African traders.

What is Binary Automated Trading?

South African traders who take up financial trading of any kind usually have one driving force – to achieve healthy profits. Availability of binary options trading in South Africa allowed millions of people the opportunity to participate in this form of online trading.

Trading binary options is known as an easier and more simplified form of financial trading and with binary automated trading that simplicity was taken to a whole new level.

What binary auto trading is an added benefit which has managed to attract even more traders.

It took the already straightforward trading process and made it even simpler. Instead of the traders doing the research and learning about various aspects of the trading binaries they simply have to adjust the settings.

Once that is done, binary robots do the rest of the hard work.

The reason why so many traders in South Africa and around the world, now favour this manner of trading is the amazing technology that is behind it.

Advanced and complex algorithms scan the current market situation and generate trading signals. Trading signals are essentially information communicating which trades have the highest chance of being successful.

Naturally, these signals are generated based on the trader’s preference, they are not random. As is the case with standard binary trading, risks are present in binary auto trading too but the process is made even easier and probably much less daunting.

In order to help and guide prospective binary options traders who are interested into binary auto trading, we at BinaryOptionRobot.com will provide a lengthy guide into South African binary auto trading which will, hopefully, be an excellent springboard for a profitable trading journey.

Binary Signal Provider Types – South Africa

When it comes to generating signals, two types of signal provider software are available on the South African market.

On the one side, seasoned and experienced South African market experts create trading signals, and on the other traders may opt to use signals generated by complex trading algorithms.

In the first case, trading signals are human-generated. While this certainly has some drawbacks, to South African traders have to know that all financial markets have the human element present.

Therefore, a team of professionals with deep knowledge trading combined with the understanding the human nature, can be very good for achieving success.

The second type refers to the signal provider software which is firmly based on sophisticated, advanced and innovative technology which utilises complex algorithms in order to generate binary trading signals.

The algorithms scan the South African market to pinpoint trading opportunities which are likely to end in profits. Since algorithms are designed in such a way to include various parameters and factors, the so-called “human error” is considerably reduced.

It is neither possible nor fair to place one above the other when it comes to the type of signal providers, this is strictly down to traders’ preference.

At any rate, once the signals have been generated and delivered, South Africans can then use them to trade binary options.

Advantages of Binary Auto Trading Signals in South Africa

Several binary options signals providers have been reviewed on our site in order to provide useful info to our readers from South Africa.

Traders can find detailed information about services offered by each provider, the price and comprehensive data concerning their tools and features.

The appearance of South African signal providers and binary auto robots, could be a great solution for many traders.

Yes, some amount of research to choose the right binary robot and the equally suitable binary options broker is still necessary, but the rest is no longer a problem.

South African traders are not required to follow the financial market and all the events taking place. They even don’t have to know a lot about underlying assets or what might influence them. The same can be said about the trading strategies because the trading software does all the hard labour for them.

The market is observed and analysed either by advanced algorithms or, alternatively, trading experts. Binary trading signals are generated and delivered, containing the information of which trades have the best chance of yielding profits. Most binary auto robots, require that South African traders set the preferences in terms of which underlying assets they want to trade, how many trades per day they want the trading software to execute.

Traders can also set the daily budget which is a fantastic way to manage the money. Once those settings have been adjusted according to traders’ preference, the binary signal providers will do everything else.

Naturally, there are differences concerning quality, settings, features, tools and the number of underlying assets provided by various signals providers and binary robots, but the bottom line is – they do the hard part for the South African traders. They can the market and generate trading signals which have the highest probability of being profitable.

Again, there is no such thing as a 100% guarantee that every trade will end in success and traders have to keep that in mind before they decide to go into binary options trading.

Binary Signal Providers

How to Choose the Best Signal Provider in South Africa?

We at BinaryOptionRobot.com, are here to offer latest binary news to South African traders who are considering taking advantage of binary options auto trading. However, all advice and tips we give here are used at traders’ risk.

It is not possible to favour human-generated trading signals over those created by an algorithm. Traders have different preferences and there is no right or wrong here.

But, what we can do is offer all prospective South Africans some handy tips on how to approach binary auto trading which can make the decision-making process at least a bit easier.

We have researched various signal providers in South Africa and here are some of the tips on how to choose trading solutions that provide the best ratio of quality and effectiveness.

What to Look for in Binary Signal Providers?

The minimum deposit is usually the first thing South African traders investigate. In the majority of cases, the signal providers or robots are completely free.

This means that traders do not have to pay extra to use them. They do have to make a deposit to start trading. The deposit is made with one (or more) of connected binary brokers who support automated binary trading. While the deposit amount can vary, in most cases it is around $250.

Another thing to look out for it to select a signal provider which is connected to well-established and preferably regulated binary broker.

Another thing to look out for when it comes to how to choose the best signal provider in South Africa is not to fall for unrealistic promises. As we pointed out – there is no such thing as a 100% guarantee to make profits. South Africans should stay away from such signal providers and select those which make realistic promises.

We also suggest traders in South Africa to opt for a binary robot which always demands that traders have to be logged into their account and present online when the trading process is taking place. Traders should also be the ones who adjust and set all the preferences and settings on the trading software.

Another important element which is sometimes overlooked is the quality provided by the customer support agents.

We strongly suggest that South Africans test the customer support service before they make the final choice.

Automated binary trading is getting more and more popular which means that the number of binary robots/signal providers grows almost daily. Selecting the best one is not easy, but in paying attention to tips we have provided it can be a much easier and less stressful process.

If traders also dedicate some extra time to reading various binary signal reviews available on our site that process will become even easier.

What is the Best Binary Options Auto Trading Robot in South Africa?

An increasing number of binary options auto trading robots available on the market does not make the answer to this question an easy one. However, as is always the case, some binary robots are more popular than others.

Binary Options Robot is one such trading software. It has managed to profile itself as the best South African binary robot in 2020. This title came as a direct result of outstanding services this binary trading solution provides to its registered traders.

Based the information available on their site, this is a 100% controllable binary trading software, it is free and it does not require any additional downloads or installations.

Binary Options Robot Software – Special Technical Information

One of the most appealing aspects of this trading solution is that Binary Options Robot offers its services for free. The registration process is simple, quick and free and South African traders can select any binary options broker available with the Robot.

What South African traders get to experience with Binary Options Robot is an advanced form of technology which uses API connection which then connects Robot backend to binary brokers. In using API technology, fast information processing is possible and, as the saying goes – time is money. And in binary options, time is of crucial importance.

Binary Options Robot uses a sophisticated trading algorithm which not only takes into account the present market situation, but also makes use of the information obtained via indicators, entry points, candlestick formations as well as risk management rules.

South African traders are free to use Binary Options Robot from any device which has good internet connection.

The Robot can and will trade only when it is connected to the internet. This is an additional protection for traders as that means that nothing happens without their knowledge.

South African traders get to choose among over 50 available assets. It is recommended to keep most (or all) underlying assets active at all times. This will generate more trading signals and more opportunities to make profitable trades and it does not cost anything to keep them active.

Traders also have a handy History tab which depicts all trades carried out in the past with all details about that trade.

There is another perk which comes with Binary Options Robot and which has been pioneered by this trading software called the Auto Trade Approval.

The Auto Trade Approval is a kind of a pop-up window that allows traders to have the control over their investment choices. When the Robot scans the financial market and located the optimal trade, it transmits that information to the trading dashboard.

This info appears in the form of the Auto Trade Approval providing relevant details about the trade. South African traders will see the underlying asset, investment value, a suggested put or call option as well as the expiry time for accepting the trade. What auto trade approval does is give traders the ultimate control as they get to either accept or decline the suggested signal.

Traders have the final say with Auto Trade Approval.

Binary Options Robot – Advanced Trading Features for Better Performance

The further attraction of Binary Options Robot is given in the fact that South Africans needn’t be trading experts to use it and hopefully profit from it. Naturally, it is always better when traders do know and understand the basics of binary options trading and are familiar with trading strategies.

Experienced binary traders in South Africa can also find this to be an exciting trading prospect since they can simultaneously trade with more binary options brokers.

This can be achieved from the one trading platform so traders know what is happening at all times and can manage or adjust their trading plan easily.

By analogy, this also indicates that South Africans do not need to open more than one trading account with Binary Options Robot.

South Africans have more than 50 underlying assets available which are grouped into currencies, commodities and stocks.

Binary Options Robot also provides Daily Stop Loss feature that which allows more protection for traders’ investments. The Stop Loss feature gives traders free reigns over how much they want to invest on daily basis. Once the set level has been reached the Robot will no longer trade. This is great as South African traders can create a solid investment plan and avoid unnecessary losses.

Maximum Daily Trades is yet another helpful feature that South African traders should use. This tool is designed to help traders set the maximum number of trades per day.

Trading Amounts feature is a handy way to define an amount that could be invested for specific underlying asset groups. For example, with Trade Amount traders can define that they wish to invest $200 in currencies, $100 in commodities, and perhaps $50 in stocks.

How to Open an Account With Binary Options Robot?

The registration process is simple, fast and straightforward with only the basic info required to open an account with Binary Options Robot.

The South African traders will receive a confirmation mail after they complete the registration process. After the registration is done, the traders have to make a deposit with more or more available binary brokers after which they can initiate the trading process.

Created and designed to be user-friendly, especially for newbie traders, the Robot will open one broker account for traders once the finalise the trading process. Depending on the country, in this case South Africa, Binary Options Robot will choose the best available binary broker. Later, the traders are always welcome to add more brokers to their portfolio.

Another thing should be kept in mind – if South African traders already have a trading account with one of the brokers available on Binary Options Robot it is not possible to use it this trading solution.

Traders have to register using Binary Options Robot if they wish to use this trading software.

Binary Options Robot VIP Account

However, the cherry on the cake when it comes to this binary trading solution is Binary Options Robot VIP account. This advanced trading account is free and traders become eligible to use it as soon as they make a deposit with one of the available binary brokers connected with the Robot.

When South African traders make a deposit for the first time, they will be in a unique position to use the VIP account for one month completely free of charge. And even after that first month is up all they need to do is make another deposit and the VIP membership will be prolonged.

Binary Options Robot VIP account is a collection of advanced trading features designed to further boost traders’ chances of securing success.

Contained within the VIP account, South African traders will find Trading Strategies feature, Risk Level features and Expiry Times features.

Until recently, this account numbered four strategies but now a new one has been added – Order Flow strategy which means there are now five in total. With Risk level feature traders may adjust the risk factor and with Expiry Times, South Africans can test both short and long-term expiry times.

Fintech Limited, which appeared on the South African market in 2020, is another potentially interesting binary robot.

A free binary options auto trading system, Fintech Limited provides handy trading features such as mobile trading app. Trader Sentiment is another useful trading feature which enables Fintech traders with a chance to monitor other registered traders and depicts the number of manual trades vs auto trades.

South African traders who opt to use this binary options trading robot traders get to experience aspects of social trading and copy trading via Sentiment feature.

Profitable Auto Trading Is The Key?

As evident by the info we provided here, binary auto trading can save a lot of time. Plenty of new and interesting auto trading robots are appearing on the market at all times bit not all of them will be equally successful and provide traders what they want in terms of profits.

Risks are ever-present and South Africans have to keep that in mind. However, in following at least some of the suggestions we provided here as well as testing out binary solutions such as Binary Options Robot, auto trading could be the key for many South African traders.

And of course, investing at least a little bit of time into education can only help along the way. Reading reviews on various binary robots and signal providers will allow South African traders to have a much wider and fuller picture. That, in turn, should make the selection easier.

Binary Brokers

The Importance of Binary Brokers for Successful Auto Trading Process

To say that the success of profitable binary options trading depends on a single segment would be a complete fabrication.

As always, there are many elements that must come together for traders to achieve the ultimate prize – profits.

Yet, one could argue the point that some elements are more important than others.

And two of the most important ones is the right combination of established binary broker and superbly designed auto trading robot.

As pointed out earlier, it is always clever to check the regulation status connected brokers have. If they have been regulated by regulatory bodies such as CySEC in Cyprus, ASIC in Australia, FCA in the UK, CFTC in the United States or FSB for South Africa. There are other regulatory authorities around the world as well and this may point out to the quality traders may expect from a certain binary broker.

South African traders must be aware that a regulatory license is not a guarantee, but it still provides additional security for binary traders.

Having a superb binary auto trading system will mean very little if the binary broker is a scam or simply does not put adequate effort into providing quality services.

Which brings us back to the point that we, at BinaryOptionRobot.com already mentioned – taking the time to do proper research. This does not just refer to the matter of binary auto robots and binary auto signal providers which, recently, seem to be overlapping concepts, but to binary options trading in general.

By selecting a South African signal provider or binary options trading robot which trades with only those binary options brokers which have withstood the test of time and provide the best possible service to their registered traders, is the union which stands a fair chance of bringing about healthy profits.

Our advice stands – traders should read broker review sites which offer advice and info on best binary brokers on the South African market.

The site also contains fantastic guides and strategies which can all help South African traders to expand their knowledge on the binary options trading process in general.

And in doing so, all prospective traders will also be able to grasp the basis of binary auto trading as well.

Customer Support and Education in South Africa

Successful binary options traders know to never underestimate the power of knowledge in binary options. There is no need to pay for expensive courses or colleges, as many good brokers offer quality educational materials. One of them is the popular and widely used 24option. On their platform, South African traders can find an entire section full of useful tips.

Another important thing to keep in mind is the professional, accessible and friendly customer support service.

When everything goes well, customer service is something the average trader doesn’t take into consideration, but if things go downhill it is important to have a good customer service to fall back on.

Customer service nowadays typically provides several different communication channels. Depending on the selected binary broker, South African traders can contact them via phone, email, live chat or skype.

Before making a deposit, traders should definitely test if the broker offers the satisfactory customer support service. Sometimes the customer service is available only in English, and sometimes in more languages, so South Africans have to make sure to check if they offer service in either their native language or in the language they understand and can communicate in.

Sometimes not even the best customer service will be able to solve a problem in record time, however good customer service will always give traders all the necessary information and support they might require.

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!

Like this post? Please share to your friends:
Binary Options Wiki
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: