uTrader Broker Review South Africa ¦Binary Options Brokers

Best Binary Options Brokers 2020:
  • Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
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  • Binomo

    2nd place! Good choice!

uTrader Review – Is it scam or safe?

Basic Information

Minimum deposit Min. bet size Payout % Bonus Trading platform Regulation
$300 $5 Up to 85% 50% – 150% SpotOption: web & mobile No

uTrader is a binary options broker, offering trading in more than 90 financial assets on the SpotOption binaries platform under reasonable trading conditions. Besides, this broker has a loyal fan base or over 250,000 customers.

Trading Accounts

uTrader offers its clients a choice of five basic account types, depending on the initial deposit: Start, Silver, Gold, Platinum & VIP.

Account type Min. initial deposit Welcome bonus Education in trading strategies
Start $300 Up to 50%
Silver $1 000 Up to 100% 2
Gold $5 000 Up to 120% 4
Platinum $25 000 Up to 120% 4
VIP $50 000 Up to 150% 4

Unfortunately, there is no demo account for those who would like to practice a bit before investing real money or for traders who simply want to try this broker’s trading conditions and technology.

The Company. Security of Funds

Launched in 2020, uTrader website and trademark are owned by uTrader Day Dream Investments Ltd Trust Company Complex, a company registered in the Marshall Islands. The main company office that provides customer support is located in Latvia, Riga.

Brokers based in Marshall Islands just need to complete a simple registration procedure and don’t face any of the strict requirements that brokerages regulated in the UK or Cyprus do. To put it simply, when operating with such brokerages, traders will be receiving very limited regulatory protection and oversight, if any.

Trading Conditions

Trading Options: Call/Put, Turbo, Long term, Pairs, One touch, Ladder,

Assets: Currencies, Stocks, Indices, Commodities

Minimum Initial Deposit

The minimum initial deposit for clients of uTrader is $300, which is average. In comparison, in order to open an account with CherryTrade, traders have to invest at leats $200.

The minimum bet size with this broker is on the lower end of average, amounting to $5 (for Turbo options). With CherryTrade one can place a trade with the same initial amount. Such low minimum bet sizes allow for better risk management.

Depending on the Trading Options and expiry times, payout percentage offered by uTrader reaches 85% on classic binary options, which is average for the market. As regards One Touch options profit is up to 650%.

Best Binary Options Brokers 2020:
  • Binarium

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

  • Binomo

    2nd place! Good choice!

In comparison, payout percentage offered by CherryTrade ranges from 71% to 81%.

Trading Platform

Like most binary options brokers, uTrader uses the web-based SpotOption platform. There are also iPhone and Android apps available.

The platform is internationally recognized as a leading software developer, and most of the leading brokers use their products. Double-Up and RollOver features are available on the platform, and cccording to the broker’s website, the prices are based on either Leverate.com or Reuters.

Besides, the broker provides Trading Trends & Best Latest Trades on its website – features, which allow traders to see market sentiment and to follow the best and most experienced traders on the platform.

Welcome bonus from 50% to 150% of the initial deposit is available to clients of uTrader, which is quite an attractive offer.

Methods of Payment

There are several payment methods available to uTrader’ clients: wire transfer, credit/debit cards (Visa, MasterCard, Maestro), and e-wallets Skrill, Neteller, WebMoney, MoneyNet, and OKPAY.


Despite being registered offshore, uTrader is a reputable broker, offering reasonable conditions for trading in binaries on the SpotOption platform. To sum up the above, here are the advantages and drawbacks in relation to this broker:

To sum up the above:

Pros Cons
SpotOption available Not regulated
Low minimum bet size No demo accounts Cons
Lucrative bonuses offered
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

uTrader Review

Minimum deposit


Maximum leverage

Year founded


Trading platform

The reputation of this broker is doubtful!

We do not trust this broker and do not recommend it to you.

Binary trading is a highly exciting and potentially very profitable activity, and millions of investors have made a fortune by trading binary options. However, not all broker houses that offer this form of investing are legitimate and professional, and this can cause a whole series of problems and frustrations for a prospective trader. That is why our uTrader review will try to cover all the relevant elements of this organization, and our uTrader opinion will provide you with enough facts so that you can come to an informed decision for yourself.

uTrader broker – History and structure of the company

Since history is a major asset when it comes to doing business in the financial sector, uTrader can hardly be classified as a broker company with history and tradition. As a matter of fact, this broker house was founded in 2020, with their headquarters being located in Riga, Latvia. However, a corporation called Day Dream Investments LTD owns uTrader, and this off-shore enterprise is registered in the Marshall Islands. If you ask for our uTrader opinion, this is a typical suspicious situation in the binary world, and clients should take great care when investing with such a company.

Utrader review – licenses and regulations

To make things even worse for uTrader broker, they are not even regulated by a respectable governing body, such as FCA or CySEC. Instead, they are under the jurisdiction of the Russian regulatory agency called FMRRC (Financial Market Relations Regulation Center). Since uTrader broker house has been unsuccessfully trying to obtain a license from CySEC for the past two years, it is evident that something is not right with their practices and that a lot of illegalities and similar issues are present in their operations and activities.

The trading process

Even though uTrader binary broker is promising to reimburse any money that you lost if your trade is not successful, we encourage our readers to be careful with these types of unrealistic promises. Scam sites are always relying on human greed, and they usually have no scruples when it comes to making claims about outrageous returns or once-in-a-lifetime opportunities.

For instance, it seems that the trading process with uTrader is entirely “risk-free,” which is virtually impossible due to the actual nature of the binary trading. Also, new clients and beginners are supposed to learn everything about binary options just from watching one video and reading one e-book, because, as found out uTrader review, it does not offer a demo account. The same applies to the Islamic account, and there are five types of standard account types – Start, Silver, Gold, Platinum, and VIP. There are no significant differences between these categories, except in the funds that you need to deposit to start one of these account types. The lowest amount required to start trading is $250, which is similar to most other binary brokers.

uTrader binary broker – The trading platform

To continue with the unrealistic promises, uTrader broker claims that clients can achieve 85% returns with traditional binary options and up to 650% with OneTouch trading! Even with all the knowledge and luck in the world, these numbers will be hard to reach, and clients have around 70 assets to choose from and start investing. Those assets include stocks, commodities, indices, and forex, and minimum investment per trade is $20.

uTrader binary broker is using a popular and responsive SpotOption version 2.0 software platform, and this software solution is also used by a lot of other similar companies. However, with uTrader, you will not have the iFollow feature, which is disabled here, but this highly useful tool can be of great help to newbies and less experienced traders. On the other hand, clients are encouraged to download and use uTrader mobile apps, which are available on App Store and Google Play.

uTrader reviews – Banking methods

If you get into any problems with binary trading, you want to have a reliable and qualified support team by your side. However, if your binary broker is only offering four languages for communication and no live chat option – what are you going to do in the times of crisis? Instead, uTrader apparently offers Facebook and Twitter as means of communication, and this is a rather interesting approach in the global financial world.

Of course, some phone numbers and e-mail addresses are listed on their website, but we are not entirely convinced that you will be receiving any significant help from those sources, even if they are operational 24/7 like they claim on the uTrader contacts page.

uTrader opinions – the final word

Considering the fact that they do not have a valid license from CySEC or FCA, or any other respectable regulatory body, it is clear that uTrader scam is here to deceive and rob unsuspecting clients. Unrealistic promises and their outrageous claims are just some of the methods by which uTrader is trying to lure in potential victims, and we are here to warn our readers about illegal and dishonest activities and operations of this brokerage company.

The reputation of this broker is doubtful!

We do not trust this broker and do not recommend it to you.

uTrader Review


Launched in 2020 and boasting over 1 million traders, uTrader is one of the fastest growing brokers in eastern Europe with a trading platform available in Russian, Polish and English. As a well-known and reputed broker, their operating offices are in the Marshall Islands and Bulgaria. They are regulated by the International Financial Market Relations Regulation Center (IFMRRC) in Russia.

Their trading platform which is built for both desktop and mobile trading, was built by a team of experienced financial traders and developers for trading in binary options, Forex and CFD. There are many different commodities, indices, stocks and currencies available to trade on using a range of different trade types including turbo options and long term.

Deciding whether uTrader is the broker for you can take time, especially when comparing them to other brokers. Who do you choose and what do you base your choice on? Our comprehensive review of this broker will allow you to make an informed decision based on our thorough research and feedback, making your trading experience a much easier one.

In this review, you will learn:

    The different account and trade types How easy the platform software is Any uTrader special features to use

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

There are 5 different levels of account available with uTrader which are all based on a tiered deposit system. Each of them bring additional benefits, the higher the deposit you make. Accounts start with a minimum requirement of $300 deposit rising to in excess of $100,000 with a top-level, VIP account.

Start Account

This particular account is the entry level account requiring a deposit of between $300 and $3,000. Named ‘start’ it is an alternative to what many may term a bronze account as it is aimed at newer traders. In return for your deposit, you will benefit from a welcome bonus of up to 50%. You will also receive access to analytical and educational material along with an introduction to the platform. It is the perfect account if you are new to binary options trading.

Silver Account

The next level up from a start account, a silver account requires a deposit of between $3,001 and $10,000. A bonus of up to 100% is available and as well as all the benefits of a start account, you will also receive a personal financial analyst to help with your trading. A silver account is a good choice for those who already have experience with binary options trading but perhaps are looking for the next step up or are new to this particular broker.

Gold Account

For a welcome bonus of up to 120%, a gold account requires an initial deposit of $10,001 – $50,000. This gives you accelerated withdrawals, a personal financial analyst and up to 4 educations in trading strategies as well as at least one individual review of the trading account (30 mins).

Platinum Account

Deposits of between $50,001 and $100,000 are rewarded with a platinum account which offers up to 120% bonus, all the benefits of a gold account and more. This includes a quarterly trading plan, at least one individual review of the trading account (2 hours) and withdrawals with the highest priority.

VIP Account

For those of you that are very serious about trading and looking to raise the investment levels, with a deposit in excess of $100,000 you can open a VIP account that unlocks all of the features of the platform including up to 150% welcome bonus and VIP hedging tools. There are several benefits to being a VIP member and you are sure to be well looked after and catered for.

Trade Types And Payouts

Making deposits and withdrawals are easy on this platform. Simply choose your preferred method of deposit to open an account. Whether you like to trade in stocks, currencies, commodities or indices, there is something for everyone with trade types aimed at different skills sets, trading styles and experience levels. If successful, you can be rewarded with payouts of up to 85%.

High/Low Trades

Otherwise known as call/put or high/low options, these are the most common and most popular options available. Simply predict whether the price of the asset will finish higher or lower than the price at the entry point of the trade in order to be successful.

Long Term Trades

Long term options are any expiry times that go over a day. These can be anything from a matter of days to a month. They are harder to predict than turbo or intraday options as they are more vulnerable to market changes or other big news stories that affect the markets.

Turbo Trades

Starting at 60 seconds, turbo options are more fast paced. They are popular with beginners and those who like to trade for fun as they are over in a very short time. A lot of trades can be placed in a short space of time making them more attractive to those who like to see quick results. They can also make your account balance rise or fall very quickly.

Pair Trades

Essentially, pairs options trading is about pitting the performance of one asset against another. Predicting the outcome of which asset will do the best is the aim of this particular type of trading. If you are particularly knowledgeable about the price of silver and gold for example, you may decide to use these as your pair.

One Touch Trades

With one touch options, two prices are set – these are known as the strike prices. They are usually set higher and lower than the market price of the asset. You have to choose which of them will be met within the expiry time. High payouts are available with one touch options but you need to know what you are doing.

uTrader are a more established broker than many of the newer brokers that have recently emerged.

Bonuses And Promotions

The bonuses available from uTrader entirely depend on the size of the deposit and level of account that you open. For a “start” account which requires anything between $300 – $3,000, the bonus available is up to 50%. On a $3,000 deposit this would give you funds of $4,500 to trade with.

This rises to up to 150% with a top-level VIP account. As with most bonuses and promotions, you must trade a certain number of times with the bonus in order to be able to withdraw it.

Mobile Trading

Trading on the move is a must for many of you now. Gone are the days of being tied to a computer during trading hours. Now you want to be able to trade on markets around the world at any time of the day or night.

With uTrader’s mobile trading offering this is now possible thanks not only to their mobile website but also the availability of apps on both iOS and Android. Download the app and you are ready to trade on the move, wherever you are and whenever you want.

Deposits And Withdrawals

Making deposits and withdrawals are easy on this platform. Simply choose your preferred method of deposit to open an account. uTrader accept debit and credit cards as well as many forms of e-wallets and wire transfer. The minimum deposit is $300 and the minimum withdrawal is $25.

Withdrawn funds are processed within 2 days (quicker for those with higher priority accounts) and returned to the same source of funding. Deposits can be made in many different currencies but you should be aware that currency conversion and processing fees may apply.

Special Features

While there isn’t a demo platform available to traders, there are numerous other features. In addition to the extensive range of assets and trade types, there are many educational and analytical tools available.

These tools are aimed at both beginners and experienced traders alike. There is also a market sentiments bar which shows the tilt of the market and the percentage of traders that are buying and selling.

Customer Support

Customer support is very accessible. The first thing that you will notice when you arrive on the website on desktop is the chat facility. This is displayed as a minimised box in the bottom right hand corner which can be expanded should you need assistance.

This same functionality is also available on the mobile site. In addition to this you can Skype, call or email the customer support team. The telephone number displayed will depend on the language/flag you have chosen in the right-hand corner of the site.

Here are the contact details for uTrader:

    Email – [email protected] Phone – +44 208 077 3096 Address – uTrader Ltd, Ajeltake Road, Majuro, Marshall Islands


uTrader are a more established broker than many of the newer brokers that have recently emerged. They are well reputed, offer their services in many countries and cater for all traders whether beginner or more experienced. They certainly tick all of the boxes when it comes to binary options trading and offer an extensive range of assets and trade types.

Their customer support facility is accessible and their website is comprehensive and easy to navigate with apps to download for those who prefer to trade on the move. We find this broker to be a good choice for those who want to enjoy binary options trading.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is uTrader legit, will they scam me?

With 8 years of trading under their belt, uTrader have been around since 2020. They are regulated in Russia where trading rules are strict.

Do they have a decent mobile or tablet app?

While their mobile site is a little on the small side if you are using a small mobile phone this is not a problem as they offer the download of an app both for iOS and Android.

What bonus do they offer new traders?

Bonuses are tied to the level of account that you open and the amount of deposit that you make. If you open a start account with between $300 and $3,000 deposit then you will receive up to 50% bonus.

Can I start trading on a free demo account?

While many brokers offer a demo account with or without a live account, uTrader does not offer this facility. If you are new to the platform we recommend taking advantage of the educational tools.

What’s the minimum deposit and trade amount?

The minimum deposit that you will need to be able to use uTrader is $300. This is the minimum amount required to open an entry level account. The minimum trade amount is $10.

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.

Binary options trading in South Africa

We cannot deny the fact that some traders – especially those, who are not so familiar with all the specifications as to this financial field – believe that South Africa is yet quite undeveloped and backward, so binary option South Africa market is not a thing to discuss at all. Indeed, when someone hears anything of Africa in general, the first thought and impression is the low level of advancing and experience. However, the binary option South Africa area does not refer to this conclusion at all. On the contrary, there is a quite huge chance for you to discover fantastic brokers for trading with binaries and located in South Africa. They do worth it and it could be a shame for you not to know the main features of this significant part of the overall global financial trading space.

Is There Any Regulation Program To Rely on, When It Comes To Binary Option South Africa Trading?

Only few years are there was no official authority or independent agency that covered the binary option South Africa field. This made many traders to claim and believe that financial services providers in this region are not trustworthy at all. Moreover – a big part from the binary trading community has the opinion that binary option South Africa brokers were illegal. At some point, they were right, because several years ago there was no regulation body in the country at all. However, lots of the local brokers were completely legal – with an official license and with the right to operate on the market. As to the regulation lack, traders preferred to use those binary option South Africa brokers that are offshore, which means they are either owned by companies from other countries, or they simply are foreign trading platforms, which, though, accepted South Africa-based traders. However, things have changed quite fast for binary option South Africa platforms. And currently, they are well regulated and very similar to the rest of the global top rated binary brokers like Binary Robot 365 for example.



What Are The Regulation Bodies for Binary Option South Africa Websites?

Today, we can point several controlling and observing agencies that cover both – the financial services providers in the country, as well the binary option South Africa brokers specifically. Check out them and learn the basic information about their job and tasks to perform.

Financial Services Board

The FSB – the Financial Services Board is a typical government agency for official and proper regulator of the entire financial services industry in South Africa and of the binary option brokers. Be aware that this agency does not have any independent functions or priorities the way most of the world`s popular financial regulation bodies have. Moreover – the Financial Services Board is oriented to all kinds of procedures, financial structures and binary option participants (including the South African Brokers) in South Africa with one single exception – the banking organizations and services. The Financial Services Board regulates the binary option market entirely in public interest by keeping an eye on the regulation of the largest stock exchange market in Africa, too.
This market is known as Johannesburg Stock Exchange and many binary traders adjust their strategies due to the processes that happen in its sphere. Financial Services Board have lots of responsibilities and duties and the main ones among them are security of capital markets, Financial Services Provide controlling, insurance, collecting investment schemes and etc. However, the main work, which involves the South African Brokers,that the Financial Services Board does is to secure and arrange the work of one of its agencies. This agency is entirely oriented to control the binary option trading in South Africa.

Financial Advisory and Intermediary Services

The Financial Advisory and Intermediary Services Agency – known with the abbreviation of FAIS Division – has the task to secure the Financial Service Provides as part of the main FSB regulation body. To keep safe its faultless and smooth work, FAIS has acquired several basic departments with particular fields to operate in – Registration (of the South African binary option brokers), Supervision of the entire field for trading with binaries, Compliances by binary option traders, as well as helping the binary option South Africa websites to operate on the market as competent brokers of the global market.
When you look for a decent and cool binary option South Africa broker, it is essential for you to pay attention at the regulation, but never forget to see if the main pros and benefits of a standard platform – regardless its origin – must have. Such features are good customer support services, interesting bonus systems, great choice for account type to open and etc!

Best Binary Options Brokers in South Africa

Binary Options trading has rapidly gained popularity in South Africa and the rest of the world since its entrance in the financial market. There are only two possible outcomes of trading Binary Options, whether the price of the underlying asset will fall or rise. It has a fixed payout and expiry time that makes many people think that it is easier to trade binary options compared to other financial markets. In South Africa, trading Binary Options is not illegal and is thus growing in popularity day by day. This has also led to an increase in demand of the Binary Options brokers. However, Financial Services Board or FSB of South Africa does not yet regulate the Binary Options brokers. This also prohibits local South African companies to offer binary options trading. But, this does not mean that a person from South Africa cannot do binary options trading.

This leaves the traders confused to choose out a good binary options broker. When going by regulation the trader can choose a brokerage website that has been registered under CySEC, ASIC, or any European recognised licenses. The fight among the brokers to gain the top position keeps the competition alive.

Let’s look at the top three binary options brokers in South Africa.

Overview: Binary Broker Comparison Table

Broker Early Expire Average Return Min Deposit Min Trade Rating More
95% $ 250 $ 1 ★★★★★
× 95% $ 250 $ 1 ★★★★★
× 85% $ 250 $ 1 ★★★★
1 Your capital is at risk

Broker Website Regulation Min. Deposit Min Investment Max Return Demo
Visit Broker 1
IQ Option Review
CySEC and others 95% 2 Yes
Visit Broker 1
Spectre.ai Review
Costa Media Interactive SRL 83% Yes
Visit Broker 1
Binary Review
MGA and others $ 5 $ 5 100% Yes
Visit Broker 1
Binomo Review
CROFR $ 10 85% Yes

#1 IQ Option


    Minimum Deposit: $10 Minimum Trade Amount: $1 Maximum Return: 95% 2 Tradable Assets: over 500 assets Regulated by: CySEC Demo Account: Yes

One major reason why traders choose IQ Options for trading binary options is that the brokerage website offers a deposit as low as $10 to access a live account. IQ Options believes in their own software and so does its clients. The brokerage company constantly updates the software that make it the No. 1 platform to trade in South Africa. The interface is highly intuitive and does not require the client to download any other software for trading.

The broker company offers as high as 80% bonuses to the South African traders on each deposit made by their clients. The binary option trader can choose to open a demo account first where the broker offers 13 trading assets to their clients. The platform when doing live trading has more than 500 underlying assets are available to the South African traders. If anyone chooses the VIP account, they have the chance of receiving up to 100% bonus on deposits. IQ Option Europe Ltd. is registered at Cyprus, and is regulated by CySEC. IQ Option Ltd. is registered at Seychelles.

IQ Option has set the minimum trade price at $1 such that everyone can participate and the maximum option price is set at $5000 so as to prevent the traders from investing blindly and losing too much. IQ Option claims to take no fees or costs for trading Binary Options. It completely depends on the trader to choose Call or Put or even invest at all. The pay-outpercentage offered by the Binary Options broker is based on the tradable asset and the market condition.

Note: Your capital is at risk

#2 Spectre.ai


    Minimum deal size of only $1 Get started with less than $25 (0.10 ether) Free demo account available! Built-in economic calendar Min. expiry time: 10 seconds Max. payout percentage of up to 83% 24/7 support

Spectre or „speculative tokenized trading Exchange“ is an Ethereum blockchain powered broker-less trading platform, which is completely decentralized. With the aim of bringing binary options trading into the blockchain realm, Spectre.ai offers a smart option on a lot of different investment options. This includes currency pairs, commodities, and even certain cryptocurrencies or fiat currency pairs.

The Spectre.ai platform aims to fully utilize the potential of the Ethereum blockchain along with smart contract functionality to create a comprehensive and effective online trading platform. The team behind Spectre takes great care when it comes to security, as all the trades performed on the platform are governed and processed using a set of audited smart contracts. As a result, every single trade, outcome, and pay-out is predetermined by the aforementioned set of smart contract. This results in increased transparency in the platform’s execution. The decentralized nature of the platform enables it to offer traders a seamless and secure trading experience, without the possibility of interacting with third-party brokers.

Spectre’s decentralized nature means that the platform’s balance sheet is owned by the Spectre token holders themselves and is not in the hands of any single centralized entity. In return, token holders receive a dividend based on Spectre’s trading volume at that time.

Note: Your capital is at risk

#3 Binary.com


    Minimum Deposit: 5$ Minimum Trade Amount: 5$ Max. Return: Up to 100% Tradable Assets: +100 Regulated by MGA and others Demo Account: YES

Binary.com has the experience of gaming websites other than online Binary Options trading. It is supervised by the Binary Investments Ltd. Like IQ Option, Binary.com has its own interactive Java(R) run charting software for the benefit of its clients. This translates to a large number of trading tools and several underlying assets to trade on. The minimum deposit as well as the minimum investment in Binary.com is a mere $5. The maximum deposit is however $100,000. The binary options broker offer bonus up to $150.

The pay-out percentage depends on the market situation and the underlying asset and can be as high as 100%. The time period of trading an underlying asset can range from 15 seconds to150 days (expiry time). The traders have the option to choose from different underlying assets like forex, stocks, commodities and indices.

On registering for the demo account on Binary.com, the traders will receive $10,000 virtual money. Besides this, the inexperienced South African traders can benefit from the educational section of the Binary.com website. They can join any webinar and interact with the market analysts and experienced traders/investors. One unique feature introduced by Binary.com is Asian & Digits that runs on the Random idea. The influence of the gaming industry can be directly seen from this as this feature allows the trader to calculate bets on the last digit of the expiry time instead of counting it on the pips.

Note: Your capital is at risk

#4 Binomo


    Minimum Deposit: $10 Minimum Trade Amount: $1 Maximum Return: Up to 85% Tradable Assets: 80 Trading Platform: Proprietary Trading Software Regulated by: CROFR Demo Account: Yes

Binomo had started out in 2020 and is registered in Seychelles. Even though the binary options broker is awaiting CySEC license they have already received an FMRRC certificate. The minimum deposit at Binomo is $10 only and the minimum investment made by a trader is $1. The minimum deposit for gold account is $500 and for the VIP is $1000. Providing security to its clients is the key issue for Binomo and thus they rely on modern SSL security certificates. Binomo claims that the winning rate on their platform on an average is 85% and the stats can even reach up to 90%.

The demo account of Binomo offers $1000 of virtual money for the traders to gain experience and test a market situation. The expiry time for the options usually ranges from 15 seconds to 1 day on this platform. The payout percentage offered by Binomo ranges from 70 percent to 87 percent and it is based on the underlying asset, the account type (standard, gold or VIP) and the market situation. Other than the initial deposit bonuses, Binomo continues to offer promotional offers and organises games to make the Binary Options trading arena more interesting and competitive. The topping up of the bonuses can be as high as 85% as it depends on the funds transferred by the trader.

All the binary options brokers mentioned above provide demo account that is an essential feature. They offer comparatively low initial deposit such that anyone can open a live account on their platform easily. IQ Option, Binary.com and Binomohave developed own apps that enable their clients to do Binary Options trading from their smartphones (Android and iPhone) from any region. The customer support for the three Binary Options broker websites mentioned in this article is comprehensive and eager to help out their clients in every step.

Note: Your capital is at risk

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

Best Binary Options Brokers 2020:
  • Binarium

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

  • Binomo

    2nd place! Good choice!

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