Beginner Guide to Binary Options Trading in South Africa

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

How to Trade Binary Options as a Beginner?

Binary trading requires basic knowledge, patience and common sense. In this article we guide South African traders through all the steps necessary to place a successful trade in binary options.

As always, we recommend trading only with regulated and trusted brokers such as IQ Option for added benefits such as a free demo account, $10 minimum deposit and only $1 minimum investment. For more brokers, see our broker page. Let’s get started.

What Are Binary Options?

Binary options are nothing else but a prediction of an asset’s price direction in a prespecified amount of time. The price doesn’t have to go too high or too low for traders to make a profit. All they need to do is predict whether the closing price will go higher or lower than the opening price as shown in the figure above.

If the price stays the same, then traders receive their investment back. If the trader predicts correctly, then the profit made can go up to 91% depending on the broker and the asset. On the other hand, if the prediction is wrong, then the trader loses the investment.

Example of a Binary Options Trade

Step 1: Register with a trusted binary broker

Registering with most binary brokers takes only few seconds. All you need to do is fill in the boxes with your email and a password. You also have the option to continue with your Facebook or Google account or simply fill in your personal details like name and surname.

Step 2: Practice with the free binary options demo account

Practice binary trading with a free demo account available to South Africans, before switching to a live account in order to get familiar with the binary trading platform. In this section there is a detailed explanation on how to place a successful trade with the legendary IQ Option platform. Once you feel ready you can switch to live binary trading which is done exactly in the same way as explained here.

Select Asset

To start with, traders need to select their asset from the drop-down menu as shown here. A large selection is available as always by IQ Option.

Set the investment amount

Then, set the investment amount as shown below by clicking on the amount box at the right-hand side of the trading platform. This can be as low as $1 so that novices can start trading with a low investment capital.

Set the expiry time for the binary option

Once the investment amount is set, traders need to select the expiration time. There are binary options available from 60 seconds to the end of the month as shown below. You can even see that the profit percentage changes according to the expiration time. Longer expiration times will offer lower returns.

Once you choose the option’s expiration time then, you can place as many binary trades as you wish.

Choose the direction you expect for the price in the future (Higher or Lower)

This can be done by choosing the price direction, either by clicking on the higher button if you believe that the price will go higher than the opening price.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

On the other hand, traders can click on the lower button if they believe that the closing price will be lower than the opening one as shown here.

Wait for the binary option to expire

Finally, you wait until the expiration time comes and if you have won then, the amount will be shown in a green box as shown in the picture below.

Step 3: Make a deposit and switch to live trading

Making a deposit even in South Africa is pretty simple and requires only few minutes of your precious time. Simply click on the green deposit button at the right top corner as shown above and follow the instructions. You are now ready to start trading.

Risk Warning: As always, we inform our readers that trading involves risk. Always invest funds that you afford to lose.

Beginner Binary Options Guide

Welcome to the binary options guide. Here is a listed detailed guide on how to start trading binary options in South Africa and across the world. Furthermore, you will find some tips and tricks to make your binary options trading experience all the more pleasant and profitable. Within this guide you will find information on Industry, binary options brokers and most of all the basic how to on getting started with binary options trading. Make sure to read till the end so you don’t miss the tips on using this binary options guide.

Getting Started with The Binary Options Trading Guide

So in order to actually be able to make trades you will need to join up with a broker. Don’t stress about this cause its free to join up. Furthermore the brokers on this site have demo accounts as well as great educational material and resources. So a binary options broker is basically an online trading platform. So you would sign up. Deposit the amount of your choice and then you will make trades based on your predictions of the financial markets via the online trading platform or mobile applications offered by the broker you choose. This binary options guide provides a list below on the safest regulated binary options brokers for South Africa and the world alike.

Recommended Binary Options Brokers:
Regulated Min. Deposit Max. Returns
YES $100 91%*
YES $10 90%
YES $10 90%
All brokers >>

*Amount to be credited to account for a successful trade. Traders can lose all capital

The Articles Of The Binary Options Guide

Binary Options Trading are a simplified method of trading the financial markets and one does not have to be a rocket scientist to understand it. However it takes a certain degree of knowledge and skill to know what you are doing and to be profitable trading this trending form of financial market trading.

Within the guide you will find articles to help with the knowledge on the journey of successful trading :

Five Best Tips for Binary Options Guide use

So below are some very helpful tips. They are but a few and simple. But to a beginner it is gold. Choose a recommended safe broker via the site. Follow the guide and the steps below and your journey trading binary options shall be smooth.

  1. Carefully choose your broker – We have made it easy as we have left out the rubbish and included the top, legit, trustworthy brokers. (Bonuses are nice but make sure you read the t&c). Open a few accounts with different brokers from our list for a better variety of assets.
  2. Fill up on trading knowledge – So gather all the information and knowledge you can. Read books, news papers and trading articles to improve your all round financial market knowledge.
  3. Find a strategy – learn or create a trading strategy that suits your style of trading. Be consistent and test it on demo accounts to see how it performs. Don’t get emotional. Trading is never 100%. Don’t rely on account managers.
  4. Manage your money – Also never invest more than 5% of your initial balance on any single trade. Having a money management strategy forms part of your binary options trading strategy. Never chase losses.
  5. Invest over longer periods – Turbo trades are tempting. But try to rather follow economic events and place trades to expire over longer periods.

References and Further Reading

6. Breaking barriers (P Carr, A Chou – Risk, 1997)

Binary Options Trading – South Africa

Welcome to Binary Options South Africa – portal for binary options trading and all information related to binary options industry.

Binary options trading is popular in South Africa and our priority is to provide you with the quality trading services and up to date reviews of the best binary options brokers reviewed by us in the industry.

We give our best in providing our readers the latest news on financial market, as well as popular binary strategies and list of guide articles.

New: In order to serve a wider audience, we have added a Forex and CFDs section – learn how to trade these instruments and choose the best forex broker of those we have reviewed!

If you are interested in trading underlying assets on financial market and you want to increase your chances for potential earnings, this is a website for best binary information on South African market.

Those interested in binary options trading can find on our site a variety of useful topics and list of reliable binary options brokers reviewed by us. B esides useful trading data and information, South African traders can check our Binary Robots section and know more on what is binary auto trading and how efficient can it be in the trading process.

Awarded brokers in South Africa

  • Broker
  • Min. Deposit
  • Min. Invest.
  • Regulated
  • Trade Now
  • Broker Review
  • Main focus of Binary Options South Africa is to provide our readers with the accurate and updated reviews of popular binary options brokers. We have reviewed all brokers from the very beginning to the final step; withdrawal process. Issues like customer support services, security of funds and simplicity are the most important elements in binary options process and if they are on the highest level, traders stand a chance of achieving success while trading binary options. Here on Binary Options South Africa, you can take a closer look on our Binary Guide and Binary News sections, where you can find a wide selection of articles and information that can be of great help during trading process.

    When visiting our Binary Robots section, you can know more on binary options auto trading and its importance in binary options industry. Auto trading software is considered to be a novelty in binary options trading and we believe that our South African investors will continue to be satisfied with provided information and latest updates on financial market.

    Binary Options Trading – Find the Best Binary Broker in South Africa

    Binary options are options with two possible outcomes; will the price of an underlying asset rise or will it fall. Trading binary options has fixed payout and expiry time. Back in 2008, when binary options industry appeared on financial market, it quickly gained popularity among many people worldwide, interested in this new type of online investment. Binary options trading is very attractive for people in South Africa, interested in binary options. We try to provide the best useful information that can help investors in South Africa to deposit with a particular broker and start their binary options trading journey on the best profitable way.

    Trading binary options has many advantages for South African traders. On our site, you can check the list of binary brokers and their reviews in accordance with information in them, regarding trading platfform, payment methods and available binary options features. Transparency and facility of binary options trading are among the most important elements in trading process. For this reason, it is crucial to provide you the accurate and up to date information on all things relevant to binary options industry.

    Binary options trading is completely legal and available to interested investors in South Africa. A variety of binary options brokers offer numerous trading instruments and services for investors worldwide. Information such as binary strategies and guides can be easily found on the top of our website. In our reviews on Binary Options South Africa, investors can choose an appealing trading platform and start their journey in binary options industry. With the use of multiple binary features, available on the site, we believe that our South African investors may enjoy in binary options trading experince. Check our list to see which brokers to avoid.

    *Amount to be credited to account for a successful trade.

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      1st Place! Best Binary Broker 2020!
      Best Choice for Beginners — Free Education + Free Demo Acc!
      Sign-up and Get Big Bonus:

    • Binomo
      Binomo

      2nd place! Good choice!

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