With the appearance of binary options industry in 2008, a lot of binary brokers emerged on the market. Nowadays, around 300 binary brokers offer trading platforms and a variety of trading services. The most important thing that traders from South Africa can do to achieve success in the trading process is to determine by which qualifications can they find binary options broker that will suit their needs. Especially when you enter in binary options industry, it is always a good thing to start with a success and avoid a scam, if possible.
On binaryoptions.org.za, we try to provide our readers with useful information and tips that may lead to success in trading binary options and provide the latest news on binary options brokers. Below you can find a list of interesting binary brokers who accept South African traders and offer a wide range of trading instruments and services, as well.
How to Select Broker and Avoid Scam?
That is the question that interest all traders who invest in binary options. The first thing you should be aware is transparent business. Check brokers sites and see if they look spammy and have no clear explanations of terms and conditions. It is never a wise choice to register with a broker who doesn’t conduct transparent online business. Also, if a broker promises their traders a 100% payouts in few minutes or hours and emphasize how that is guaranteed, we can consider that to be a scam.
Binary options trading isn’t as risky as forex trading, but of course, a certain risk level is involved. When you are dealing with broker who says there is no risk, you should be on guard. Instead of that, reliable brokers will have available transparent site and if you contact their customer support, they will most likely be at your disposal.
Although regulation status is somewhat important because it does provide South African traders a certain level of security, it is not a guarantee. Just like in everything else in life, there is no black or white. Same thing can be applied on binary industry. Not all regulated brokers by default are reliable and all offshore brokers scam. When we are reviewing brokers, we check their trading platform and customer support and when determining all features, we put them on our whitelist of potentially interesting brokers for South Africa.
Providing the Best from Binary Options
When traders in South Africa search for a good binary options broker, they usually read many broker reviews. It is always recommended to do so, but traders should keep in mind to search for the source of information. Objective review is usually more valuable when traders find it on established binary portals. We advise our readers to check broker reviews very detailed so they would know if particular broker suits them and provide services that traders can use in the trading process.
Trading with Best Binary Brokers in South Africa by Our Choice
We are happy that we can offer our traders a list of well-known binary options brokers who operate on South African market. A lot of globally known and recognized binary brokers offer modern trading platforms with numerous features and services. If traders follow our tips and advices, we truly believe they will not become victims of scam in binary options industry.
Due to such popularity of this industry, we shouldn’t be surprised why is there an increasing number of people interested in binary options trading. Brokers such as Banc de Binary, 24option, IQ Option and many others offer multiple trade options with different expiration times for trading with underlying assets. Brokers also offer very useful services, such as demo account, mobile trading and many more trading features.
Banking and security of funds are the main characteristic that distinguish between a solid broker from a scam. If deposit and withdrawal process, together with good customer support meet standards, than you are most likely dealing with a binary options broker with wich traders may experience a profitable trading journey.