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How to Choose Binary Options Brokers in South Africa?
Choosing safe and reliable binary broker is the most important factor in binary options trading.
With many binary options brokers available on South African market, traders can select preferred one according to trading instruments and features these brokers provide.
In this article, we will cover all relevant elements of trusted binary options brokers in South Africa.
Traders can get clear overview of the most important segments of successful trading and how to choose the right broker with whom traders will be able to achieve high payouts in binary options.
If you want to trade with a regulated broker, definitely try IQ Option – the most popular broker in South Africa!
Importance of Binary Options Brokers in South Africa
South African traders can experience profitable binary trading journey with trusted binary options broker present on South African. Here on our list of binary options brokers in South Africa, traders can find many brokers who accept South African traders; some are CySec regulated while others are not.
However, it is important to note that we pay a lot of attention on Binary Options South Africa to promote only trustworthy brokers. This way, our readers can avoid scam and unpleasant trading experience.
As mentioned above, South African traders can choose whether they want to trade with regulated broker or not. Regulation is not obligated and binary options brokers in South Africa can decide do they want a regulatory licence or they think it is not necessary. For more on regulation of binary options in South Africa, read our article here.
Brokers, such as Banc de Binary, 24option, Daweda Exchange, Opteck and IQ Option are just some of regulated brokers available for South African traders.
CySec stands for Cyprus Securities and Exchange Commission and its licence ensures investors to have a safe trading experience and they provide brokers a set of rules and regulations that they have to follow.
CySec supervises and monitors business conduct of regulated brokers and pays attention of their behavior in relation with investors.
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Traders should know that it does not mean that unregulated brokers by default are scam. because that’s not the case. As stated above, regulatory status is entirely up to the broker and their goals and vision.
These brokers are trusted ones and present on South African market for a long time ago without any negative reports. Therefore, we strongly recommend traders to carefully read all broker reviews and see what types of trading tools and features these brokers offer and based on that, select preferred trading platform.
Terms & Conditions
In binary options trading, as an online investment, safety is the main thing most traders are interested in. This is why it is very important to wisely choose trustworthy broker with whom traders can have positive experience from the start.
Often traders wonder, is there a way how to spot right away is particular broker a scam. We advise our readers to invest little more effort into checking the review and their site to get a whole picture of the platform. But to start, traders should first check broker’s terms and conditions.
Today, a lot of traders just click Accept and don’t even read terms & conditions of a specific broker and we find this as a big mistake.
That is because terms and conditions should provide traders a complete and detailed information on available trading features and instruments. By not reading it carefully, South Africans can miss on the important segment of trading process.
In case traders have any questions after reading terms & conditions, the best thing would be to contact their customer support and get needed explanation.
Customer Support and Education
While choosing best binary options brokers in South Africa, customer support service is one of the main features important for successful binary trading process. Having up to date customer support, South Africans can get needed information during trading process, from how to deposit and withdraw funds to what tools and features can be used.
Brokers, such as StockPair offer various ways of how traders can get in touch with them, including email, live chat, web form and phone. Depending on the broker, customer support is available on other languages, besides English.
Easily reachable customer support is significant in the trading process, especially for new traders who lack experience and who have a lot of questions regarding binary options trading.
Education Center is also considered as one of the main elements in profitable binary trading. While selecting preferred trustworthy broker, traders should keep in mind that a variety of education materials is very useful for registered traders.
With the help of Education Center, South Africans can learn more tips and tricks about binary options and be few steps closer to maximizing profit.
Brokers, such as Opteck have an exquisite Education Center where traders all levels have access and can benefit from it. These education materials cover both relevant topics and strategies for beginner trading and advanced trading. This way, all levels of trading knowledge is completely covered.
Education materials include features, such as ebook, market news, economic calendar, different graphs and charts, numerous short term and long term strategies, guide articles etc.
How to Deposit and Withdraw?
Both deposit and withdrawal process are very important when selecting best binary options brokers in South Africa. Brokers who have unclear terms and conditions and bad reviews are not good choice to pick.
Trustworthy binary broker will list available deposit and withdrawal methods and provide detailed information for deposit and withdrawal procedure.
To get access to trading platform, traders first have to register. Each trusted broker will ask for few documents to confirm identity of the traders.
Scam broker often don’t pay attention to the procedure and later on, traders may experience bad business conduct while withdrawing funds. These documents are: copy of photo ID, proof of address and copy of credit card, if it’s going to be used in the trading process.
Reliable brokers from our broker list, use highly developed system of security, such as SSL encryption technology. Brokers who promise traders payouts right away should be taken with good watch.
Usually, it takes few business days from the time when broker receives and confirms withdrawal process to the time when money arrives on traders’ account. It can take up to 5 business days, with most brokers.
But to be absolutely sure, it all depend on a particular broker and chosen account type, since each account type has different characteristics.
Trading Features and Services
When choosing the best suitable broker, traders in South Africa should pay attention to what trading instruments and features are available. Reliable binary options brokers in South Africa offer many different services and trading tools to be used during binary options trading.
They include demo account, a variety of assets, trade options, number of trading accounts, mobile application, bonuses etc. All these features can be of great help while trading and if used properly, can lead to a high payouts in binary options.
Brokers offer South Africans a wide selection of different assets, including stocks, currencies, commodities and indices. By offering a lot of assets, traders can diversify and trade with different assets on different markets to increase chances of winning. One of benefits broker offer traders in South Africa is bonus.
Bonuses serve as great way to maximize profit in a way that they motivate traders. They may come as welcome bonus or redeposit bonus. Bonuses are not obligatory and they usually come together with a bonus terms that require a bonus turnover. It can be 20x or 30x and only after that, traders can withdraw their funds.
Also, trusted brokers offer a set of short term and long term trade options, such as 60 Seconds, High / Low, Boundary, One Touch, Ladder etc. Combined with them, traders need time of expiry and they can choose among those that expire in 60 seconds, hours or up to 150 days. All these depend on the particular broker and its trading platform.
Demo accounts and mobile app are one of the most popular features in binary options trading.
Trustworthy brokers, such as 24option, IQ Option and many more provide these services to their registered traders. With mobile app, traders can trade from anywhere and invest not only via computer, but on tablets and smartphones as well. They can get the app via Google Play or App Store.
Demo account is a very valuable service that has a lot of benefits. Demo is mostly used by traders beginners because it allows traders to test the platform for traders to get the touch of how real trading will look like. Both 24option and Banc de Binary offer demo to their traders.
On demo account, there is no risk involved since brokers ensure traders with a specific amount of virtual money. This is a great way for traders to trade with different assets and use strategies with no risk. The main goal is to practice and gain more trading experience for later on to invest in real account type and start profiting.
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.
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.
Binary Options Trading in South Africa
As the world becomes increasingly more plugged in to the internet, and the cost of living continues to rise globally, it’s important to diversify your funds to ensure future financial success.Many individuals, citing this need, have begun to seek out different investments throughout South Africa to invest their rand, discovering Binary Options Trading and involvement with these type of investments.
Options trading refers to the engagement of stock exchanges through forex funds, or a compilation of various stocks into one bundle. In South Africa, online option trading is the most economically viable way to trade the forex, often done through binary options trading.Utilizing websites such as share trading, traders in South Africa can access their various binary options and conduct their bets with relative ease.
What Websites We Recommend
Below are the sites that we believe will help you best.
|Min.Deposit R3000 Get 20% Bonus||FSB Regulated.
In South Africa
R 1500 20% Bonus
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What is Binary Options Trading?
Binary option trading refers to the process of estimating the calculated price of a stock, and then obtaining that estimate after it has reached that. Often, those trading are done through a binary trading platform. While most stock options trading involves the purchasing of an asset and then waiting on its value to increase, Binary Options trading is different. It is a form of Forex trading, and is often done on the open market. Investors can normally work through specific brokerages, who trade their Binary Options for them. This allows for many investors to sit back and collect their returns. However you can see this isn’t always the case.
How Binary Options It Works
If Investor A predicts that the price of a good will rise a significant amount, while another predicts that it will fall, the gain/loss is determined by what the investor chooses as the correct price. By betting R2000 that it will go down by a set amount, Investor B bets that it will go up by the same amount. In terms of that 2000 rand, Investor A made a bid, while Investor B made a call.
Once that price is achieved, or unachieved, by that set amount of time, the amount bet by each investor is given in regards to what is lost/gained in a turnover. If Investor B was correct, then Investor A will lost their bet/investment and it will be given to Investor B. 15% of the turnover from each Binary Options trade will be deducted towards the firm that helped facilitate the trade.
Trading in South Africa
By using the online platform, share trading in south africa, users are able to stay up to date with their trades. Being provided with a live graphic of market trends, traders can monitor their prices and stay up-to-date with current pressing details. This is indeed a huge advantage for the traders who trade using binary options. While in the past couple decades it was required to.
Trusted binary options brokers
This opportunity enables South Africans to trade online, plugging them into the network of global traders all growing their own investments from the comfort of their own home. As our country is thrust into the digital age, many South Africans are capitalizing on this event with relative ease.
With the turbulence of binary options trading, immediate knowledge of your situation is required, and in the importance of smart-phones in our daily-life, current up-to-date monitoring is now easier than ever.
Unfortunately, often enough, traders who do not have access to the right information or resources find themselves having trouble finding success within the market. Not only this, their opportunities are limited geographically, making trading online the best choice for many residents in South Africa.
What is Binary Options Trading?
Binary Options trading refers to a monetary trading option in which you either get a fixed pay-off, or nothing at all, after placing a bid on what you believe the price of an investment will be at a specific time.
You could purchase into the price of sliver for an investment of 100, hoping that it will rise above a price of 500 by a certain period. If it is reached by this time, you have your investment returned. Often online trading offers additional benefits to your success as well.
First approved in 2008 by the United States, it has long found a home online in which specific brokerages work with investors to increase their revenue potential.
It works through a rapidly fluctuating price system, in which a single option may open at forty-two rand one day and increase exponentially to fifty depending on the market.
However similar, trading online in binary options is different. Done through brokerages, many listed at the bottom of this page,
Why Should I choose Binary Options Trading?
Here, we hope to enable your route to financial success with comprehensible financial resources and tools. With access to what we provide, we will guide you through the best route that fits not only your schedule, but your personal goals.
How do I get started?
In the expansive world of binary options trading, we recognize help might be needed and our support staff is here to help you with any questions you may have through our email.
Each represent their own excellent starting point in your journey. Whether that’s through the trading of Oil binary options, or gold, it’s possible for any trader to have a fully diversified portfolio with binary options trading.
For the smart investor, research is key, and the availability of our own research works tremendously well with the links listed below.
More Binary Options Terms.
Fixed Return Option – A FRO is another term for asset-or-nothing, in which when the trade you place is successful that a specific amount of money is returned to the trader. Sometimes traders can promise up to 80% returns, however a return rate of at least 50% is more likely.
Controlled-Risk Trading – Controlled-Risk trading is the process of brokerages or other managers helping an investor manage their funds with a lack of risk for overall loss. In Binary Options trading, this is a typical method of management.
Theoretical Asset Pricing – Theoretical Asset Pricing, also known as Capital Asset Pricing, is the process of using binary options to determine the future price of an asset or security. Utilizing its past price history, it is a model to determine the risk or expected returns of various assets.
Over-The Counter (OTC) – OTC trading, or off-exchange trading, is the process of two parties directly trading with-in each other without the use of an exchange. An exchange, such as the traditional stock exchange, is normally regulated by a government body while the OTC one is not. Binary Options is one of the most common forms of OTC trading.
With the rapidly increasing and decreasing prices of binary options trading, it’s important to consider a few select strategies in order to maximize your profit.
These strategies have been developed over time by both brokerages, and individual traders, specifically to help out the average investor.
5 Step Binary Options Trading Guide
The most crucial aspect of learning how to trade binary options is the knowledge behind it, for many investors lack the overall information needed to make successful trades.
By knowing more about the subject you want to invest in, the history of its prices and whether or not it is at a current peak price, or the volume of the asset you wish to trade in online, you can increase your chance of success.
Vital to the success of your portfolio, research will also decrease the risk of your exposure to scam-brokerages.
2. Choosing the right trade
Specific assets trading do not move as quickly as others, while others drastically change in prices throughout the day and focus more on the overall cash-value. These types of trades are known as asset-or-nothing or cash-or-nothing.
Another helpful tip is to note when each global market opens, and conduct your trades when this happens.
3. Conducting your trading
With real-time monitoring through the online platform investors are able to track the asset in which you are investing, often letting you set bids or quotes on the asset you are trading.
If you have purchased oil and believe it will rise $5 in price by the end of the day, the website or brokerage you use will facilitate your trade and take its fee from the trade. Generally this is under twenty-percent.
By doing multiple trades per day, which increases the chance you could make money, you could quickly earn a profit.
4. Managing your funds and Diversifying
As you grow your online binary options portfolio, the need to branch out your funds will arise. This means, instead of just trading in one asset, that you begin to trade in multiple.
Keeping on track of your research will allow you to be sure that you are conducting careful trading. The only way to make a large profit in binary options is through a large amount of trading, which can only be built through growing your existing assets.
As well, it takes a good understanding of money management to succeed in binary options trading.
5. Keep Your Emotions In Check
The key form of binary options trading is to keep track of your emotions, as the price of your asset may decrease significantly below the goal you have set, but this may soon quickly come back to its initial standing.
This often rapid decrease or increase can cause many unweary traders to let go of their investments at a lower price than what they had purchased them for initially, when in reality that price fluctuation could’ve stabilized sooner than they thought.
Binary Options Trading- How to Know when to “Put” or “Call”
After you have bought your first binary options and are ready to begin trading, you will have to make one choice in each trade.In the formula of binary options, you will have to either place a ‘Put’ on your binary option, or a ‘call’ on your trade for your desired outcome.
This choice is pivotal to your success, for if you are correct, then you will see a return from your trading platform or brokerage. If you are unsuccessful however, this unfortunately may not be the case.
For this reason, investors and traders across South Africa study statistics and other data to gain a better understanding of the market. With their extensive research, they have released strategies and other methods of trading that our partners share, and we would like to discuss in more detail.
Due to the rapid fluctuations of the global financial markets, each binary option that is trading on the market is changing in price every second through changes in pips.
When you are deciding to place a put on your Binary Options trade, you are making the assumption that the asset you are trading will go up in price.
The highest form of return through Binary Options, is through specific options pricing. This means you will choose the exact price it will rise to, or a price that is close to it. Typically this form of trading goes against another investor, and whoever is closest to the correct number wins the trade.
While with putting you do not always have to set the specific price you predict your asset to grow to, often times placing a ‘put’ on your binary options simply means you just predict it will go up. Trading platforms that offer this form of trade typically offer a lowered return rate, but with a steadier rate of success.
In order to increase your success, binary options should be placed on ‘Put’ if they are increasingly volatile. If Asset X has a pip graph that rises more often than lowering, notice at what times it is the highest.
Once you have a good understanding of the trading behavior of your asset, you will be able to use this along with other observations to boost your percentage.
To place your binary options trade on ‘call’, you are predicting that the price of it will lower.
It is similar to putting, with only the opposite intention.
Binary Options trading on the market will go through ‘dips’ in which their value is drastically lowered from a steadier price in the past. These dips often repeat themselves during certain times, and can be watched out for. For this reason, if a dip is noticed, it is important to place your option on ‘Call’.
This choice is influenced dramatically by real-world events that may correlate with the value of the asset your Binary Option is trading, and a close eye on the financial markets can reduce the risk of turmoil to your portfolio.
Making your choice
With your research, you will notice trends within your binary option of interest and will have to take note of each. A trader who understands the mathematics behind trading, along with his asset’s trading history, will notice that his risk percentage will be lowered tremendously.
With either call or put options, you will see the same rate of return. For this reason it is up to you to use the strategies we list along with our counterparts, and research your decisions to call or put before you make your first trades.
Breaking down Binary Options
Every year, binary options trading liberate South Africans financially. Although at first glance binary options trading may seem complicated, in application the process of Forex investing is relatively easy and a growing trend that ties South Africa into the global financial market.
How Do Binary Options Trading Work in South Africa
A trader buys into the forex with a base currency, and then sells it at the price they wish as a quote currency – this differentiates the market and influences the price of the forex.
The price is ticked off in measured intervals known as pips, otherwise traded as units. By quoting the select pip you wish to sell or buy your forex, you predict the potential gain. Pushing it down into such tiny intervals allows for a maximized control over the often turbulent pricing of the Forex market.
The investor who predicted that the pip would rise to a specific amount, would place a ‘bid’ on the price, while the investor who wished to sell the forex at another pip would place a ‘call’.
Ultimately, as stated above, the most accurate bid or call takes the bet on the trade with generally 15% to 20% of the trade’s profit going to the firm that helped facilitate the transaction in the first place.
Effectively when you trade a Forex binary options you are buying into the price of one currency against another, as each trade is paired up with another identical trade for the opposite notion.
With the investment of a certain currency, for example your own funds, it is matched against another volatile raising or lowering of price. This enables the Rand to be bought against the USD, Euro, or any global currency.
In short, you are bidding your price against something while another trader is doing the opposite, and whoever is closer to achieving this goal is able to receive the profit while the other receives the loss.
Binary Options Trading Advantages
Placing trades, once limited to the JSE, can be done through the online website that is functioning as your brokerage, or the brokerage yourself, on their own platforms that they provide.
These websites digitally give the tools of the average investor on the JSE, and provide a steady stream of up-to-date information that wouldn’t be found outside of the digitally world.
By bidding on theoretical trading, you are effectively working ahead of the market to achieve profit you desire. You are also competing on a global market against currencies of potential higher or lower value than yours, exposing your overall value to a different level of fluctuation.
With the price of the Forex often depending on multiple currencies, this pushes the pip up and down depending on that options position in the market. By trading the Rand against the USD for instance, which has a higher monetary value, an investor would be able to double their money.
Other investments, such as trading traditional stocks on the JSE, are conducted on a much slower basis. They are limited to specific areas of interest and do not offer the robust diversity that binary options trading does.
Binary options and Forex trading FAQs
It is important for any trader wishing to begin investment in binary options to conduct extensive research before beginning. This is why we’re here to help you.
How do I get started?
After registering your account with one of the websites we’ve provided, along with giving the information required to be entered, any trader is able to begin investing. Accounts are generally free on most websites, making it easy for anyone to sign up.
By linking your account with your bank account, you can place a small amount of funds in your investment account to be redistributed into investments. With some websites your account can begin investing with as little as a 12 rand deposit, but generally deposits range from six hundred to over one thousand rand.
What can I trade in?
With binary option investing, you can bid on the price of nearly anything. Many investors see the most success in the industrial field.
Others bid on the price of specific companies to even the potential real estate value of buildings.
Open twelve hours a day, the market operates and places its trades from 22 GMT to 22 GMT.
How do I place a trade?
By using the websites we provide, we make it easy for you to navigate the trading process and conduct your business.
What are the dangers of binary options trading?
With any investment comes risk, however dangers can be significantly minimized by using the right tools and choosing the right investments. Due to the gambling nature of the independent market, it’s possible to lose a large part of your investment if you are not careful enough.
How can I protect after these dangers?
By choosing the correct brokerage, or the one that fits the most to you, you can feel assured that a general rule of ethics comes into place. They protect for future financial disasters, as well as direct your binary options investments on a day-to-day basis.
Generally it is hard for your investment to lose a significant amount of money, as the brokerage you’ve chosen will normally not let you lose more money than what was initially placed into the account. This means you can feel confident to trade on the market, without the risk of losing it all if you operate independently. This functions for many websites available for binary options trading as well.
What if I want to go independent?
Many South African binary options traders, working through online websites such ourselves, work as their own brokerages and use the websites support staff as their guide for any potential problem. By sending a question, or concern you may have, your problem could potentially be addressed.
What is a pip?
A pip is how traders track and measure the price movement of an asset, broken down into a micro interval. Typically, a pip is worth one unit of the currency it is trading in.
How can my small investment grow?
After investing, you are able to place trades in intervals. If you bid that the price of gold will rise $10 from $40, and you find that you are correct, you will gain the $10 that you bid. Over time your success in doing so will grow your funds to whatever amount you wish, and can be diversify to include multiple trades at one time.
How can I find the support team?
By using our own email listed, as well as the email and live-chats in the websites we have available, access to the support that you need is possible.
Best Binary Options Brokers 2020: