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How to Use Binary Signals in South Africa?
There are multiple ways on how to be present in binary options industry and auto trading is a profitable way to do so.
We have already written about binary options auto trading where we stated characteristics of automated way to trade binary options. In this article we will provide you with information about binary signals South Africa which are the very basis of binary options auto trading in South Africa.
To know more on auto trading in binary options world, read our article.
Binary Robots in South Africa
Use of binary robots is considered to be the key of profitable trading with binary options.
Robots are great way to trade binary options with more efficiency and are also time saver for South African traders. While researching binary robots, we came across Binary Options Robot. This is 100% automatic software that is consisted of many benefits which can lead to maximizing profits.
Full Binary Options Robot review, our readers can read here.
Binary Options Robot is a free trading software that automatically trades binary options.
To be accurate and ultimately bring profit to traders, Robot uses binary signals as an exquisite trading tool. In regular trading process, traders have to be more involved and possess certain knowledge of financial market.
However, with Binary Options Robot, software does the entire work instead of traders.
Brokers, such as Banc de Binary, 24option, RBinary, Bloombex Options, Plus Option and ZoomTrader are among the best brokers available on Binary Options Robot. To know more details about these brokers, you can check their reviews.
What are Binary Signals?
Binary signals are top trading solutions, intended for traders who want to improve their trading results. Signals are alerts that are generated by professional algorithms based on monitoring the financial market and how underlying assets react.
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Nowadays, trading with binary options is getting more attractive to investors around the word.
They all want to profit from binary options and use of binary signals are great indicator of how to achieve that. Binary signals South Africa are generated by reliable signal providers. These binary signals are afterwards sent to the chosen broker.
How to Profit from Binary Signals
Traders in South Africa should know that quality signals have high success rate because they are received in real time. Only accurate binary signals are useful in the trading process. In case of late arrival, there is no use of them anymore due to expiry time that has passed.
With our recommended Binary Options Robot software, registration is free and easy to use.
Trading process is done through Robot interface without need to download it. It is important to mention how Robot doesn’t require internet connectivity to be able to perform trades.
Intended for Experienced and Beginner Traders
Trading binary options with automated software is more simple than regular trading.
Thanks to ability of binary robots who do entire job automatically, invested effort is lower than when traders themselves place trades and use different strategies and tools to increase chances of winning.
Because of this benefit, auto trading with binary signals has shown to be the ideal place for inexperienced traders.
Also, professional traders also prefer auto trading because they can set different trading methods and later on, maximize profit with automatic trading software.
The Overall Benefit of Signals
In terms of binary options auto trading, we are convinced that binary signals South Africa play a big role.
Thanks to accurately received signals, traders in South Africa can achieve high payouts when trading binary options.
With automated software, such as Binary Options Robot, there is no human element due to fact all work is done automatically. Overall, binary signals bring profit to traders worldwide.
Top Binary Options, Forex and Crypto Auto Trading Robots
Auto trading robots are famous for being the best and easiest way to trade. They have become the perfect solution for complete beginners. Through their sophisticated algorithms, they scan any market movement for you and deliver your trades directly. This means fast and immediate results, with no special training needed.
Check out our list below of the top auto trading robots for South African investors. The best part is that all of them are completely free and require absolutely no downloads or installations.
- Free Signals
- Trade Now
- Robot Review
Usually, traders in South Africa review binary, forex or cryptocurrency strategies and place trades themselves according to market news. In this way, they try and assess any market changes or fluctuations and act accordingly.
Nowadays, thanks to the development of technology, South African traders no longer have to do the research themselves, but can use binary, forex or cryptocurrency auto trading robots.
What are Auto Trading Robots?
Auto trading robots are basically automated software that automatically places trades on the user’s behalf. This, of course, requires South African traders to set up their preferences that auto trading robots will later use when trading with numerous underlying assets.
With auto trading, traders can participate in the financial market with only a minimum investment and achieve success. It’s no wonder why auto trading has grown so popular among investors worldwide, as well as traders in South Africa.
How Do Auto Trading Robots Work?
Auto trading robots are divided into three categories:
- Binary Options Robots
- Forex Robots
- Cryptocurrency Robots
Of course, software exists (like the ones above) that combines forex and cryptocurrency, for example, into one auto trading robot.
For new traders, auto trading software like binary robots can present a valuable and useful tool which makes trading direct and easy. All you need to do is:
- Set your preferred amount to invest in
- Choose the number of trades each day, trade options and time limit
- Choose whether to accept or decline a signal
How do these programs really work though?
Basically, automated software analyzes price movement and gives indications, known as signals, of whether pairs of instruments will move up or down in the market. They are highly advanced and result-oriented trading robots that are available for worldwide binary options, forex and cryptocurrency traders.
Let’s take binary option robots for example.
Note: We will be using binary option robots as examples to illustrate how auto trading works. The same applies for forex and cryptocurrency robots.
Binary Robots are automatically set to follow current market trends and see if there are any changes regarding trading assets. These robots use financial graphs and other financial tools and market analysis in order to be as precise as possible when making trades.
Binary options auto trading in South Africa has many advantages and one of the main reasons for its massive popularity is the fact that there is no human factor, since it is all done automatically by the machine.
The most significant fact with auto trading robots is the fact that they use binary signals when placing trades.
What are binary signals and how do they work?
Binary signals are alerts, received from experienced traders with years spent in the binary options industry. When received, these signals are sent to automatic software which then places trades in specific underlying assets. The importance of binary signals lies in the fact that they all work in real time, so the robot can use them effectively.
This is where auto trading comes into the picture with great possibility to achieve all of the above. Binary options trading itself isn’t difficult, but the truth is it does require a certain degree of financial knowledge.
Below you can find detailed information about features of the most popular binary robots in the industry.
Does Auto Trading Software Really Make You Profit?
It is important to note here that all trading entails some risk and no promises of profit can really be made. Your best bet is with the best automated software out there – which in our opinion is FX-Advisor. They offer YOU the choice of broker and provide world-class automated signals. Trading has never been easier.
Is Binary Auto Trading Less Risky Than Trading on My Own?
With auto trading solutions, the risk level is instantly minimized because the software is more efficient in price movement predictions and following current market trends. It becomes possible to trade with a variety of underlying assets, from stocks and currencies, to commodities and indices.
Are South African Binary Robots a Time Saver?
Binary robots are a huge time saver. For South African traders who want to participate in the financial market but cannot find the time to keep checking the movement of all assets, these automated systems are the perfect solution. In fact, among several advanced techniques for binary options trading, automated software is considered to be the most convenient and easy to use solution.
What Trading Features Should I Use with Binary Robots?
Before trading with any auto trading robot, make sure to set your own limits:
- Adjust the risk level
- Set the amount you are not willing to cross in losses
This is a very important step, because if you start trading with the default settings and for some reason the robot’s predictions are wrong, you could lose a lot of money.
Do Binary Robots Connect Me to the Best Binary Options Brokers?
The way automated trading robots work is that they connect you to brokers you can use their software through. Are these brokers really the best choice though?
Many binary robots automatically connect you to a single broker they are working with and give you no choice in the matter, when in reality you should be able to choose which broker you prefer to use the software with.
Check out our list on the top of the page of the most reliable auto trading software for users in South Africa.
Our top choice is always FX-Advisor, which gives you the choice to trade with the broker you prefer. They have many brokers available for users in South Africa, so the choice is ultimately up to you.
Either way, we took the time to find the best auto trading robots out there to make this list for you, so whichever you prefer, we confidently stand behind.
Best Binary Option Robots for South African Traders
Binary options trading is quite a profitable business the world over and many investors have been making high returns in this fast-growing financial sector in the past decade. The binary options industry made a splash in 2008 when it was officially introduced into the financial market. It has since then become an integral part of online trade for both novice and professional investors. Due to the intricacies involved in this business, some may imagine it is a difficult concept to understand how to trade or even be successful at it but like with any other field, it’s a learning process.
It simply takes prospective traders a certain amount of effort to learn so they can improve and hone their trading skills to a much better sheen. For traders residing in South Africa, there are a range of many reliable brokerage houses present in industry that they can choose from. These brokers offer a wide array of trading features and resources which include trading guides, tutorials, e-books and webinars among many others.
In South Africa, trading binary options comes with a raft of advantages. Chief among them is the fact that there is little human factor involved considering most of the trading is done automatically. This allows traders to minimize their risk levels since the software employed by binary robots is more efficient in detecting minute price movements as well as predicting and following the current market trends. As such, it becomes easy to trade a varied selection underlying assets with minimal risks.
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How to Make Money with Binary Option Robot
Top Binary Option Robots in United States
Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.
4. Collect your Earnings
Finally, you collect your earnings (the good part!)
Get a binary option robot for free by clicking on the button below and learn how you can make money while you sleep!
Introduction to Binary Option Robots
Binary Robots have been developed to follow and mimic current market trends while at the same time, using embedded algorithms to notice the slight changes prevalent in trading positions regarding the highest grossing trending assets. They use financial tools and software analytics so they are able to achieve precise calculations before they can execute trades. Thanks in great part to the latest technological advances; investors within South African are able to trade on various trading platforms offered by binary options robots.
In a nutshell, robots can be defined as auto-trading software algorithms that execute trades on behalf of online traders. This auto-trading platform in turn requires users to set their own preferences which the robots employ to place trades on a wide variety of commodities, assets, indices, currencies and more. Traders are thus able to invest in the financial market using these auto-traders and all this is achieved with minimum effort that results in winning investments.
Many South African investors are active participants in this versatile scene with many of them seeking to maximize their profits. And because there lies great promise in technology, the industry is slowly becoming an even more exciting field thanks to the advanced features being developed every day.
Binary options robots are an exceptional platform and most traders in South Africa prefer using them. Many are those who prefer not to be involved in the trading process itself either because they don’t want to spend too much time trading or they have hectic schedules which won’t allow them time to participate. The confluence between both types of traders is that they are all after investing in the industry for a chance to achieve high returns.
binary option robot results
Appearance of Binary Options Robots in South Africa
The South African market has experienced a revamped financial sector and being one of the fastest growing economies in Africa, the rainbow nation embraced the binary options industry in the early part of this century. At the onset of binary options trading platforms, there wasn’t an official regulator to cover the safety of traders or provide brokers with licenses. But that didn’t stop the industry from becoming more and more famous as time went by.
However, many of the local brokers held official licenses which allowed them to operate since most traders dealt with brokers that were located offshore. These brokers were mostly firms domiciled in other countries but which accepted South Africa-based traders. In the intervening years, the trading landscape has grown and expanded fast for trading platforms in South Africa and currently, there are licensed and regulated brokers.
The FSB [Financial Services Board] is the authority charged with regulating the South African binary options market. FSB supervises the regulation of Africa’s largest stock exchange market; Johannesburg Stock Exchange. Many traders thus adjust their trading strategies to reflect the processes going on in this stock exchange. However, the main job of the FSB is securing the work of one of its agencies, the Financial Advisory and Intermediary Services [FAIS]. This is the agency that essentially is in charge of the binary option trading industry in South Africa. FAIS is tasked with securing financial service providers through a number of departments, and each department has a particular field of operation;
- Registration of South African brokers
- Supervising the entire binary options trading field
- Compliances by binary option traders
- Assisting binary options websites to become competent global brokers
There are many reliable trading platforms that are allowed to operate in the exciting South African market, with many of them also having a presence in the global market. Among these are the Binary Option Robot, the Option Robot and the Binary Hedge Fund. In this review, we’ll be looking at how each has impacted the South African market.
Binary Option Robot
Trading binary options has slowly gained traction in South Africa in the past few years, with more and more traders joining this lucrative online industry with a goal to maximize their profits. As technology continues to witness remarkable advances, the South African market has embraced binary auto-trading platforms which have proved to be an entirely new concept in trading owing to the many exceptional features they are comprised of.
The Binary Option Robot is one such auto-trader which works through deploying automated software to place binary options trades. Traders use this remarkable software platform to execute trading instructions which they have pre-programmed with clear instructions dependent on a range of variables like time, price, market volatility, etc. The best thing about this software is that it’s totally free and traders won’t need to perform any downloads since it operates straight from servers hosted in the cloud.
To use this robot, traders only need to program their preferences and the auto-trader will go to work regardless of whether traders are online or not. This is made more popular by the fact that it has been specifically designed to give even novice traders an opportunity to make profits by giving them trading analysis and commands which are both controlled through software algorithms.
binary option robot dashboard looks this, easy to use
Partners with Binary Option Robot
For those traders new to investing in binary options, the Binary Option Robot offers a host of reliable and regulated brokers to help on their journey of trading a wide range of underlying assets. It’s simply upon traders to select a regulated broker of their choice that is licensed to operate in their country of residence. If you are a South African trader, below are a few of the licensed brokers available on the Binary Option Robot platform;
- Banc de Binary
- Cherry Trade
- Porter Finance
For optimum best results, you may sign up for an account with two or more of the above brokerage firms as it will make your trading experience even more profitable. The auto-trading binary option robot is an automated system that you can install and launched directly a simple way. It then follows signals that have been developed by financial experts and professional traders. In order to ensure you get the best winning results, the robot only selects indicators that are provided by reliable signal service providers.
The binary option robot packs a host of notable features that make for quite an exciting trading experience. Traders in South Africa are able to rely on a diverse offering of trading options that allow them to select those which most fit their unique needs. Remember too that you’re allowed to use more than one broker in your investments if you want to increase your success rate. The binary option robot comes with a variety of default settings as well as other options you can use to protect your investments. The features below are among those on offer;
- You have access to the “Stop Loss Option Daily” feature which allows you to restrict investment spending.
- You can set a certain amount per trade depending on your investment capital or level of experience.
- This auto robot also allows you to reverse your trade should it appear to be headed in the opposite direction of your initial prediction.
- This auto robot is able to work on Smartphones, Tablets and Personal Computer and it can operate on mobile devices supported by Windows, Linux, iOS and Androids operating systems.
- Another special feature of the Binary Option Robot is you are allowed to select as may assets as possible if you want to increase your chances of winning trades.
binary option robot for mac
Another auto-trading platform is available for South African traders and it promises rich profit amounts. The Option Robot is on offer to traders who would want to trade binary options but lack the time to check the price movement of the underlying assets they have their eyes on. This Option Robot is an automated software facility that will save your time and will place trades on your behalf according to the preferences you set. Automated software is among the advanced techniques used in binary options trading that is considered as one of the easiest and most convenient solution in the industry today.
Because this auto-trader operates from servers hosted in the cloud, it is able to relate to and follow the instructions given by any user. By using the binary options market’s technical patterns and price pointers, it then creates accurate signals that work towards assisting your investment portfolio while also greatly reducing the risks that are attendant to this financial facility. It’s by using the Options Robot that traders in South Africa have been able to invest in a variety of assets, commodities, indices and currencies without having to be afraid of potential losses. The Option Robot will guide you in making the right investment decisions while at the same time, give you the opportunity of achieving great success in your trading journey.
How the Option Robot Works
The Option Robot is especially nifty for beginner traders as it offers them valuable tools that help invest in global assets even in their absence. Such tools include the ability it offers to traders so they can set their trading options and time limit, loss amounts as well as the number of trades to be executed per day. The Option Robot deploys auto-trading software to analyze price movement then place the trades that end culminate in the highest possible return rates.
An exceptional facet of this auto-trading software system is that it’s one of the best results oriented and advanced trading systems that is available in the market today, not only for traders in South Africa but in the global scene too. This automated robot employs sophisticated algorithms to locate market trends such as the behavior of financial assets, minor market fluctuations and other significant events that are common in binary options trading.
Using these parameters, it closes in on patterns which are likely to be repeated then executes trades according to preset conditions. The Option Robot identifies trending assets then informs you on which to invest in. By using mathematical algorithms, an inbuilt software system, it is able to generate signals which it applies in detecting and executing high frequency transactions. In a nutshell, the Option Robot offers you;
- Access to a single interface and variety of online brokers
- Access to binary options signals every time a great investment opportunity arises
- The ability to execute the trades on your behalf
option robot main page
The Option Robot packs a host of special features that will make your trading experience all the more exciting in South Africa. These features have been designed to offer traders a seamless platform that makes trading binary options online to be quite the simple, fun and profitable pursuit. To start you off, the platform will allow you;
- To set your trading preferences as well as customize the platform’s settings. This means that you are essentially in complete control of the entire trading process.
- To set the assets to trade, daily investment amount limit and daily maximum loss amount among many other parameters.
- Access to the “Risk Level Control” facility which allows you to select a risk level that is suitable to your investment amount. This feature will also let you control the assets you want to trade, daily investment amount and loss amount level among other aspects.
- Access to the “Reverse Trading” facility which allows you to place trades in contrast to the generated trading signals. If you find that the generated signals will most likely end in the red, you’re able to reverse the trade to prevent losses. This also allows you to make profits by placing trades that are contrary to the generated signals.
In addition to the special features, South African traders have a choice of technical indicators that serve to improve the overall Option Robot platform. You can choose to rely on a single technical indicator, or you can choose two or more indicators as your sources of trading signals. The six indicators are:
- RSI [Relative Strength Index]
- MACD [Moving Average Convergence Divergence]
- CCI [Commodity Channel Index]
You can adjust any of these technical indicators in your settings tab either individually or collectively. If you want to employ multiple indicators at the same time, you must make sure that each mirrors the other in order for the Option Robot to generate trading signals.
option robot strategies
Binary Hedge Fund
Update: Binary Hedge Fund no longer accepting new customers
Trading binary options in the Rainbow Nation has continued to progress remarkably well in the past decade. The major reason for this is because the last few years have witnessed a greater penetration of global markets by South African traders. Investors in South Africa, like in the rest of the world, want to increase their profits too through trading in this fast-growing financial industry. As such, they are searching online reviews regarding binary robots, binary options brokers, auto-trading signals and classic binary options platforms in order to have an edge when trading.
To be a successful trader, you need to have analysis-based on technical strategies if you’re to understand the minimal movement of the market’s trending assets. And this is where the Binary Hedge Fund comes to take on the technical aspect so any trader can invest without worrying about mathematical formulae of technical analytics. The Binary Hedge Fund is based on specific investment drivers which serve to offer exceptional trading experience to South African investors.
Hedge funds were hardly ever regulated or even available to the public in the not too distant past. In South Africa, many traders had not heard of them until they peaked on the global level. At present, the Binary Hedge Fund is available to every trader the world over. Like what happens with traditional hedge funds, the Binary Hedge Fund has been developed as a trading vehicle for traders who seek to take risks in the binary options field. However, these traders’ capital funds are typically handled by professional investors. One of the major advantages of this facility is that it’s a web application that gives you access to specific professional trading rooms to place your trades in.
How the Binary Hedge Fund Works
The name “Hedge” refers to a financial instrument that’s totally independent of current market situation and its future growth. As such, a hedge fund is a financial facility which pursues absolute profit returns without regard to the prevalent economic conditions. Traders use hedge funds to invest in shares as well as various asset classes like assets, commodities, currency pairs, etc., as well as various other derivative risk management instruments to maximize their return on investment.
In Binary Hedge Fund platform, a variety of technical tools are offered to traders. These tools have been designed with the sole intention of assisting you access maximum returns from your invested funds. They combine with the best financial market traders who are selected to place trades on behalf of traders using result-oriented strategies to guarantee rich payouts. In short, the best traders in the South African market share their investment knowledge with you so you can have the best experience trading binary option online. The Binary Hedge Fund is essentially an auto-trading software robot that functions in much the same way as the Binary Option Robot detailed above.
binary hedge fund main page
Advantages of the Binary Hedge Fund
Investing in hedge funds for the ordinary citizen in South Africa is virtually impossible due to strict regulations. But since the Binary Hedge Fund is essentially not a fund but automated software, the same limitations attached to hedge funds aren’t applied. You are thus able to access all its advantages free of charge and without risking millions of Rands. Among the many advantages of the Binary Hedge Fund are;
- It works independently
- It only places trades via the most reliable, trusted brokers
- It gives you access to the most popular trading assets in the market
- It gives you access to signals from trading experts so you make high profits
- It is designed to make profit without regard to prevailing market conditions
- It allows you access to a professional trading platform that would otherwise cost hundreds or thousands of Rands
Partners of the Binary Hedge Fund
The most amazing factor with Binary Hedge Fund is the fact that its fund managers are experienced economists, renowned investors and finance experts. While binary options own the initiative in this direction, the hedge fund has essentially become the de facto leading mover. The success of Binary Hedge Fund is due to the fact that it works with some of the best binary options brokers in the market. These brokers’ trading platforms include;
- Bloombex Options
Notable Features of Binary Hedge Fund
There are various special features that the Binary Hedge Fund boasts of. Most of them have been designed to make the trading experience not only easy to muster but also to make it more convenient for South African traders from all walks of life. Among these are;
- You can choose the total number of trades to place per day as well as the daily loss amount you are comfortable with.
- You are able to monitor your trades via the “Trading History” facility. This facility gives you a full account overview of assets traded and trading results among other specifics.
- You are able to check signal types versus their success ratio via the “Signals” facility that displays all the signals generated.
- Expert traders have access to a special feature that allows them to select the maturity of their individual portfolios.
Since its introduction, the Binary Hedge Fund has become quite popular with binary options traders and it’s easy to discern why. Together with the features detailed above, it has gained the trust of South African investors who are continually turning to this exceptional trading platform that allows them access to professionals support while they invest on a wide range of global assets. And by working side by side with influential brokerage houses, the Binary Hedge Fund can afford to assure traders that this is clearly an auto-trading platform that’s on its way to marking a leading position in the coming years.
Basic Concept of Binary Option Robots
Many binary options investors domiciled in the Rainbow Nation traders know that this financial instrument is completely legal. In addition, traders should know that most of the brokers who are licensed to operate in the country are mostly based in the United States and Europe. But this is a big advantage since most investors know that signing up with offshore brokers afford them a bigger piece of the binary options pie, especially for brokers regulated in Europe as they give traders access to the entire European Union trading block. There are various types of brokers, just as there are various types of trading platforms that South African traders have access to.
Because each of the trading binary robot platforms above comes with its own pros and cons, it is up to the traders to choose the one that will suit their preference best. When using the signals provided or their auto-trading robots, ensure they fit not only your investment expectations but your strategic goals as well. In addition, make sure that the broker you eventually sign up with is both reliable and trustworthy. Read up on each of your prospective brokers in order to make the choice that fits you best. As a prospective investor in South African, you must understand the different offers given by various binary options brokers.
The registration procedure is made quite easy and simple so you can sign up for an account and deposit funds. Because different brokers offer different registration rules, feel free to select the broker who suits your needs the best. In addition, each broker available on the binary option robot has minimum initial deposit amount as well as a minimum investment amount so selects the one who suits your needs.
You might also want to consider the minimum withdrawal and bonus amounts each is offering before deciding on the broker you will finally sign up with. Many South African traders who are new to binary options will more often than not choose a broker who offers a demo account so they can get experience through trading using virtual money as opposed to placing real money trades.
Customer Service Support
The binary option robots reviewed here typically offer users a Live Chat option. Should South African traders have any questions regarding the trading platform or process, they can get comprehensive information from the customer service support team via Live Chat, Email or Phone Number. In addition, users are provided with articles which detail the inner workings of these auto-trading robots, plus excellent FAQ section which host various answers about the entire trading process in simple language.
Choosing a Broker
Because not every binary options broker is the best fit for your trading needs, it then becomes vital to be smart about it before you sign up for a trading account. Below are a few factors you should consider when looking for the best broker to register with in South Africa;
- Ensure your broker of choice comes highly recommended by any of three auto-trading robots reviewed above. Make sure the broker isn’t a fraud and has good reviews online.
- Ensure your broker of choice will provide you with a range of tools that will teach you about trading binary options. Such tools include tutorials, technical guides, e-books, etc. A demo account is certainly the icing on the cake for it will enable you to place trades using virtual money thus giving you much needed experience.
- If you’re looking to conduct binary options trading via auto-trading robots or by following signals, ensure your choice of robot has the requisite reputation in the market before you commit your trading capital to their platforms.
The binary options trading industry in South Africa has been growing in leaps and bound in the past few years and from the look of things, South Africa is well positioned to be the prime trading hub for online traders. Binary robots in turn are quickly gaining a reputation as among the best trading tools South Africans can rely on for increasing their investment returns. The Binary Option Robot, the Option Robot and the Binary Hedge Fund have proved to be some of the greatest tools investors can have access to.
South African citizens who have been searching for the best binary options robots, binary options brokers as well as trading signals need look no further. It’s in this knowledge that we have compiled this review so we can make it easier for the residents of South Africans, and any trader wanting to access the binary options industry via the Rainbow Nation, to access all the information they need to know concerning this exceptional financial facility. Now you are ready to choose the robot as well as the broker who suits you best so you can begin trading.
Get a binary option robot for free by clicking on the button below and learn how you can make money while you sleep!
Automated Trading Software
It’s not impossible to master binary trading, and like anything else, the more you put in, the more you will get out. To become good at making money, you’ll need a great broker, time and some patience. For some people investing this time is not an option, and you never reach your true potential.
Enter the robots! We don’t mean physical machines that will sit at your computer and trade for you but binary options robots that come as part of pre-programmed software. This software uses complex mathematical algorithms to examine market data and then uses this data to trade with highly profitable and low-risk results.
Different brokers allow the use of different robot software, and once you have opened an account, you’ll be able to view all the compatible brokerages for that provider. You don’t need to worry about who to choose. We have done the hard work for you and recommend brokers based on who offers the best trading experiences.
In this article, you will learn:
What binary option trading robots are The benefits of the best trading software How you can make more profit using them
How Robots Save Time
The mere thought of downloading, installing or setting up a software programme may leave you feeling like it is time-consuming and complicated. You will be surprised at how simple it is and how much time it will save you in the long term. Here are a few simple steps that will have you trading automatically within no time.
Choose a Robot Service
While you can spend hours carrying out research looking for the best robot trader, you probably don’t have the time. That is where our list of recommended services will save you a lot of time that you can spend trading. All you need to do is choose the one for you.
Download The Software
Many brokers or software providers will require you to download the software. On a mobile, this may be as simple as downloading the app. You can access some robot trading software via a browser.
Sign-up With a Broker
In addition to the free binary robot software, you will need to get a real account with a broker. The software will normally recommend binary options brokers to open an account and deposit with.
Programme The Software
We don’t mean that you need to be a programmer to operate the software, but you do need to tell it what you want. Set your technical indicators which will include your investing limits, frequency etc. then leave the rest to the auto trader software.
Sit Back, Relax And Enjoy
That’s it. Now you are trading without doing anything. You can carry on with your business and leave the rest to the robot. Just check in now and again to see how your trades are doing and reset the parameters if you need to.
Using a binary robot also removes the anxiety you might get from trading. When you place a trade with an expiry time of an hour sometimes watching what is happening can put the trader through a range of emotions. By using this, you can check in every so often to see how you are doing rather than being glued to the screen for each trade.
Trader Broker Asset Profit
How Binary Robots Work
The robot trading software is something that you download to your computer or another device once registered with a broker. A download is not always required; sometimes you can start using them online via a website. Investment using this method is known as automated or auto trading and is used by “auto traders” that want to free up their time and increase their success rate.
Like any computer, the capacity to research, consume and analyse data is much higher than the human mind so the machine can process all the data much quicker than any human being without emotion or instinct. By using this process, more information is gathered at a much quicker pace allowing for more effective, profitable trades using an array of automated trading systems. The capacity to trade becomes much more and the number of successful trades increases.
Why then, wouldn’t anyone want to take advantage of this help? To begin using the automated trading software you need to choose a service that is compatible with your broker and start using it. To help you select your provider we have researched hundreds of them across the world to bring you the best and offer up our advice on who you should trade with saving you both time and effort.
Some traders prefer to keep control over their trades rather than giving everything over to the robot, and this is where trading signals can be a viable alternative. Trading signals are services that provide advice and information on which trades to make. You still need to make the trades yourself, so you remain in control but the advice on what trades to place is given to you. It’s great for people who might not be good at reading the markets, depending on if the service you use is good, of course.
Benefits of Automation
Save valuable time. Binary trading robots have a far higher capacity for information than the human brain Execute more successful trades. Using the trading system to gather much more data makes the trade more reliable Trade without any emotion. Remove the “gut instinct” element and control your trade amount Allows you to carry on with other things. You don’t have to spend so much time in front of a computer or on your phone and can carry on with your life while still making money Less knowledge needed. You don’t have to study the markets, trends, assets etc. or become an expert to be successful It’s free or low cost to use once registered with a broker and doesn’t always require a download Software helps with money management. Increase win rate = more money = greater profits Test them with both a virtual or free demo account Anyone at any level can use them whether a binary options trading beginner or expert
There are some “scam robots” where the purpose is to con the investor out of their money, and they don’t work. There are tell-tale signs that you should watch out for as to whether a service is legit or not. These include no contact details for customer support, consistently bad reviews, a short operating time and only a few assets available.
This software uses complex mathematical algorithms to examine market data.
How to Find Legit Software
Some unfortunate investors aren’t always able to spot online scams and can lose a lot of money when they should have been making it. Before they notice there is anything wrong they could already have made many trades. There are things to look out for to try and prevent this happening, but we highly recommend using our advice and recommendations to ensure that you register with a trusted and reputable binary robot software service.
We’ve done countless binary option robots reviews and found them to be a reliable solution if you want to trade without having to dedicate all of your time to research and analysis. If you enjoy studying the markets, analysing and placing your trades, then you will want to continue doing the work yourself, but if you want to free up valuable time, then this is the solution. Watch out for other robots available such as those used for Forex trading or crypto trading. These are very different products with different technical indicators and should be avoided if you want to trade options.
We have tried, tested and reviewed the many types of software and know which companies offer the best binary robots trading experience and which software outshines the others. We believe that investing apps are a great way to save time and make money and to assist you in the quest to become the best binary options robot trader, our advice and recommendations are designed to make this happen.
Frequently Asked Questions
Is robot software reliable and trustworthy?
Like many aspects of binary options trading, the reliability depends on the security of a company overall. If you choose a recommended, reputable provider, then their services will be tried, tested and reliable.
Can they predict the right trades to make?
Prediction is a good question because even machines can’t predict the future, no-one can. What they can do is analyse data, trends and other aspects to come up with more reliably informed information.
Will I need to pay money for good software?
No, the best binary option robot software is free to download and use. For the most part, you will need to download it using a free account before opening a real account with a broker.
What if my trading robot gets it wrong?
Even with sophisticated investment tools, it doesn’t guarantee that you will be 100% successful. The robot improves the chances of making successful trades.
How do I find the best software to use?
That’s easy. You merely review our recommendations and select a few from our list to check out for yourself. We base all of our findings on our own experience, tests and research.
Jacob has been an author for us since our launch in 2020. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations.
African Traders Guide
Binary options trading in South Africa has become an increasingly popular market in recent years as more and more investors seek to open online trading accounts. As awareness of this particular method experiences growth, so does the number of international brokers offering their services.
Binary trading is unregulated, and as such local South African companies are prohibited from offering their services to SA traders. However, through our extensive knowledge of the binary options industry and the rules and regulations that apply to trading we can still show you, great brokers, to trade with.
Our team of experts have searched the internet for the best brokers, and we bring you only those with international licenses that are legally allowed to offer their services to South Africans. Our knowledge of all the legal requirements means we can ensure that your trading career is a safe and profitable one.
In this article, you will learn:
The brokers best suited to your needs What local payment methods are accepted Taxes and fees that apply to ZA residents
Traders in South Africa
Like we found in Indonesia about the law on binary options, trading in South Africa is perfectly legal. There is nothing that prohibits an individual from trading online. The industry is however unregulated which means that there is no protection offered to those who choose to trade here. It also prevents good South African companies from brokering. So how do you select a company and what should you be looking for in features?
Licensing And Regulation
As there are no regulated South African brokers, you are going to need to find an offshore broker. CySEC, FCA or MiFID license many European brokers. Australia also has good brokers, look for an ASIC license. There are many to choose from, and it’s just a case of picking the right one for you.
Deals And Incentives
If you are new to trading, then you should probably look for a broker that offers a no deposit bonus. No deposit bonuses allow you to try before you buy. You should also take advantage of matched deposit bonuses, and trading contests so look out for them.
Mobile Trading Tools
Most people prefer to trade on the go therefore it is important to check out what mobile offering the broker has. Do they offer a mobile app that is suitable for the device you are using and is it available for both iOS and Android? If you are keen to trade on the go then this is critical.
Free Demo Account
A demo account is vital for many reasons. Firstly, it allows you to get familiar with the platform that you are going to be using. In addition to this, if you are using a reloadable demo, you can use it to try new assets and trade types.
The only way to legally invest and trade in binary options, in South Africa, is to use an off-shore broker. Finding one that has all the above benefits plus anything else that is important to you as an individual is difficult. That is where we come in. We display to you, only the best, most reputable brokers to ensure that your experience is a good one.
Trader Broker Asset Profit
Broker Fees And Tax
When looking at the tax requirements surrounding binary trading, South Africa is much like any other country. If you are an individual, then you will no doubt be paying Personal Income Tax. You could be paying anything from 18% for income below R160,000 up to 40% for anything over R617,000. Local tax applies to profits made on any income, and this includes binary options trading.
If trading is a second income, you will need to declare your income and ensure that you pay the correct tax on this amount. Remember to deduct any losses and work out your net profit so that you don’t pay too much tax.
Now while binary options brokers aren’t responsible for informing the South Africa tax department that you have made an income from trading, they will have a record of your transactions within your account. Make sure that you have access to this information as you will need it when calculating your total profit for a certain period. We recommend keeping a monthly record of deposits and withdrawals and recording all profits and loss.
While African taxes are the main cost that you will incur there may also be other fees to consider. These fees include:
Currency conversion fees for converting to and from the currency you will be trading in Deposit fees usually associated with certain types of transactions. Your account provider can charge these fees Transaction fees from your credit card or e-wallet provider Withdrawal fees from the broker for making each withdrawal
If you are making lots of deposits and withdrawals, the money will soon mount up. Consider making fewer, more substantial deposits and withdrawals to try and cut down on the number of fees charged.
South African Licencing
Now while there are no legal issues that restrict South African citizens from trading, there is, unfortunately, a lack of brokers local to the country. It is not a regulated industry; therefore there are no legal or licensed South African binary options brokers.
There are however plenty of good brokers offshore that have the relevant licenses and regulations. The ones to watch out for are those that are licensed by CySEC or other European recognised licenses. Genuine brokers are more likely to be licenced in Europe, so look out for the brokers that display this licencing.
Do not use a broker that doesn’t have a license. There is a reason that they don’t have one, they either can’t get one, or they aren’t a serious broker doing things the right way. Why would you invest money with them if they haven’t gone to the trouble of getting licensed?
Also, make sure that any licenses are genuine. We have gone to the trouble of doing this with all of the companies that we review and recommend so you will be pleased to know that we only recommend genuine, trustworthy brokers that have a good reputation and history.
Our knowledge of all the legal requirements means we can ensure that your trading career is safe.
How we Recommend Brokers
There isn’t a choice of trading with a local broker for South African traders so if you wish to trade it is going to have to be with an offshore broker. Now, this may seem daunting and perhaps a little risky, but there are genuine SA brokers that offer an excellent service with proper incentives. Our job is to make your experience a more beneficial one by reviewing and rating South African brokers across the market.
Like all of our broker ratings and our best binary options reviews, we take into account every aspect of trading and what each broker has to offer. Firstly we look at their licensing and eligibility to trade. We only bring you brokers that have the correct licensing and operate within regulations and legislation. We want your trading experience to be profitable and without issue. We also examine the logistics of each broker.
Some of the critical areas include how easy it is to open an account, how easy it is to navigate the trading platform and whether the mobile website and app are user-friendly. We also examine what benefits each broker has to offer. Do they provide good bonuses, a good payout and what other rewards are available? For VIP / Premium traders we look at the higher end accounts and what they have to offer and how they compare to other offerings available.
We review brokers all over the world, and when it comes down to it, South Africa steps up pretty good. Our reviews focus on the options market are based on our extensive knowledge and experience of it. Our team of experts have many years of trading experience between them and know what matters. Our commitment is to only bring you the best South African binary options brokers on offer.
Frequently Asked Questions
Is binary trading in South Africa legal and safe?
South Africa has tax laws and regulations, and it is crucial to abide by these rules and regulations to avoid hefty fines. Earnings from binary options trading need to be declared.
Do I need to pay fees and taxes on my profits?
South Africa has tax laws and regulations and it is important to abide by these rules and regulations to avoid large fines. Earnings from binary options trading need to be declared.
Can I test brokers before trading with real money?
Brokers will offer lots of incentives to stay competitive. These usually include a demo account to allow new traders to trade on the platform without depositing any of their funds.
Is it easy to make deposits and withdrawals?
Making deposits and withdrawals is easy. Just open an account and make your deposit. Withdrawals can take up to 3-5 days; some brokers offer a much quicker turnaround for those higher stakes traders.
Can I trade using my mobile or tablet device?
Yes, to stay competitive all brokers must have either a responsive, easy to use mobile version of their website or an app available for either Android and iOS.
Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.Best Binary Options Brokers 2020:
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