In binary options industry exists numerous binary brokers who operate in countries all across the world. Some brokers offer their trading platform and services to traders worldwide, including South Africa while other operate on financial market excluding USA or few other Asian countries.
The most important “ingredient” of binary options trading is to find a binary broker which provides a quality service.
How to Spot a Quality Binary Options Broker in the Industry?
There are few signs which can be useful to know before you make a decision on how to pick a specific binary broker. More detailed information you can find below.
There are a lot of brokers who accept traders from South Africa. Some of them are regulated while others are not, but they all give their best to provide South Africans a wide selection of trading tools and service that can lead to earning money when trading binary options on financial market.
Binary options trading does not require any previous trading knowledge. Traders can learn all that when they do research, as advised, and get a bigger picture on what trade options exist and what trading strategies can be used in the trading process.
Below in this table, you can see the list of binary brokers operating in South Africa which have been reviewed by us.
Why are People in South Africa Interested in Binary Options Trading?
Binary options industry is very popular worldwide, which also include South Africa.
People like the fact that it is possible to achieve success and maximize profit with binary options in short period of time. Some traders prefer riskier trade option, such as 60 seconds, while others prefer a little bit longer expiration time.
Expiry time can range from 60 seconds, over 2, 5, 15 minutes to hours and end of day or month. All that depends on binary options broker who provides such a possibility.
Excellent thing with binary options trading is the fact that it is known in advance what is your possible money gain or even money loss.
That is why binary options are actually called options with fixed payout. This way, there is no chance that you can lose great amount of money without having awareness that it is possible, unlike in forex trading where such situations can happen.
We believe that all above mentioned, together combined, has made this industry to be so popular and widespread among South Africans and traders around the world.
Available Trading Features with Binary Brokers South Africa
Popular and reliable binary brokers are consistently trying to provide as many useful trading features and service, which can be used in the trading process and enable traders to maximize profit while trading binary options.
This is why security comes first.
By having safe trading software, half of work is done because good software protect personal and financial data of their traders. Afterwards, all other features and trading instruments comes in the picture. Those things keep traders interested and then they choose among many available trade options and underlying assets to start trading.
Services, such as demo account and mobile trading are among the most popular trading services in binary industry.
It enables traders to continue trading binary options when they are on the go and not necessarily to be in front of their monitors. On the other hand, having demo account is an excellent way for traders in South Africa to improve their trading skills and be more efficient in binary options trading.
Demo account is intended for both beginners traders who aren’t confident enough in their trading knowledge and want to check the trading platform at no risk. This is possible because in demo accounts, traders don’t actually place trade with real money, but instead they use virtual one. So to have such a possibility to try out the platform and practice different strategies at no risk is more than useful in binary options trading.
Is Trading Binary Options South Africa Safe?
For traders, it is important to know whether binary options trading platform is secure or not.
It is no wonder why so many traders wonder will they make a mistake and choose broker with whom they will have problems. Majority of brokers are trustworthy and they conduct a transparent business but there are always few brokers who are scam and it is important to wisely choose a good broker.
Brokers who are regulated obtain rules and regulations so that South African traders can be satisfied knowing that they will keep their funds safe. On the other hand, offshore brokers who operate on South African market are conducting also transparent business and on their sites they have clear terms & conditions.
So we can not actually say that offshore brokers are scam because they don’t obtain regulation licence. We always recommend our readers to carefully read all broker reviews and see do they prefer a particular trading platform to start trading and earning money with binary options.