South Africa

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Binary Options trading has trading binary options in south africa the world by storm is now available to all South Africans. Millions of people have successfully established a second income by trading Binary Options online. Yes, you too can make instant profits within a matter of minutes. Affording trading binary options in south africa new set of golf clubs or big screen TV is now easier—and quicker—than ever before. Binary trading is an excellent opportunity to launch a second income for business people, retired individuals, or trading binary options in south africa with time in the day.

Imagine the thrill of watching your money pool get bigger and bigger as you make your Binary Options trading binary options in south africa.

All that is needed is a stable internet connection, a laptop or computer, and a selection of a platform to trade on. These platforms are also compatible with mobile devices like iPads or Smartphones. Trading binary options in south africa your deposit with a credit card then start to sell and buy.

You do not have to have a lot of knowledge about the share market or currency trading to take part in Binary Options trading. Binary options trading is simple to learn. In fact, the ten top platforms we present here have training sections for beginners. They will help you learn about this trading before you get started. Visit each one of these platforms and read reviews about them to see what others have said. You can also check out their available statistics to see which one you would prefer.

A demo account shows you how simple and immediate Binary Options trading can be. Your dummy Binary Options account will have play money so that you can learn risk-free how to trade Binary Options. We are eager for you to join us in this trading binary options in south africa method of trading. The thing that attracts so many people to trading Binary Options is the low-risk factor.

First of all, you have an excellent chance of making gains. Second, you get to choose how much you put down on an individual trade. This way, you are always in control. Another low-risk factor is that the amounts you invest are relatively small. Should you lose on a trade, it will be an insignificant amount compared to the potential profits you can make.

For some quick profits you can make, the risk is relatively minimal compared to other forms of trading. Open a free accountpractice first, make your first deposit and start your journey to prosperity. A quick guide to trading Binary Options Binary Options trading is perfectly legal for anyone in South Africa over the age of eighteen. Trading Binary Options you get the opportunity to predict what a price will do. There are only three possible outcomes. Either the price will go up or it will go down, or it will stay the same.

Binary options follow the performance of real stock markets and real foreign exchange markets. All the information you need you can get on the platform you choose. You believe that the rand will go down in value against the dollar. Trading binary options in south africa your prediction is wrong, you will not lose more than what you put down.

Binary Options trading is not like conventional trading. You can set the price movement prediction at a few minutes or a few hours. One minute trading is highly popular because you can make quick profits in a short period.

You have to predict what will happen to the price in the next 60 seconds. You will know within a matter of seconds and profits will be allocated instantly. You can then release your profits into your bank or credit card account whenever you are ready. Or you could use your gains and make more Binary Options trades for a chance to build up your earnings pool. USD to ZAR The perfect investment opportunity for you Binary trading is an excellent opportunity to launch a second income for business people, retired individuals, or anyone with time in the day.

This information includes the trade you have opted for how much you are investing in that commodity, currency or stock to go up or down and how much profit you stand to make if your prediction is correct There is nothing more you need to know to make quick investment gains online. A simple concept that is easy to understand Binary options trading is simple to learn. Minimal risks — Maximum profits The thing that attracts so many people to trading Binary Options is the low-risk factor.

Where we fit in We are official South African advertisers for Binary. We allow you to: Articles Privacy Policy Contact us. Copyright Binary Options SA.

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This article is out of date and the legal situation in South Africa may have changed. We hope to revisit and update this article shortly with more current information. Trading binary options knows no boundaries. Wherever you live in the world, the basic requirements are as secure internet connection, some capital to start trading, and the drive and desire to learn about how the industry works.

In South Africa, traders are increasingly looking for ways to connect with the global commerce industry and trading is just as popular in this country as it is in other places across the world. There is a strong financial infrastructure in place that took years to establish, which now offers users of financial products security and peace of mind. The financial sector within South Africa is likely the most liberal and most advanced one of the entire continent, and as such, binary options are gaining in popularity among traders due to how easy they are to learn and trade.

When thinking of binary options, many questions such as the legality of this type of trade as well as regulation details come into play. For traders, it is normal and in fact beneficial to question these details in order to know exactly what you are getting into and how you can keep your personal information as well as your hard-earned money safe.

Below you will find a detailed overview of all you need to know about trading binary options in South Africa. Binary options are legal in South Africa. However, no financial authority is currently regulating brokers and the way they conduct business within the country. Despite the lack of regulations, this trading practice is regarded as highly ethical and completely legitimate as more traders are showing interest and setting a new precedent for the possibility of making quick profits and developing long-term strategies.

Binary options are well established in the country after traders started getting involved back in December , but the government or any other financial body has yet to look at setting standards and developing policies for brokers. This unfortunately leaves the door open for users to fall prey to fraudulent brokers and practices. However, the lack of regulation for online investing does not necessarily mean that trading options is unsafe; in fact, it is quite the opposite.

There are many ways traders can ensure their safety and still fully participate in this exciting new type of investment. While there are no binary options brokers operating from within the country capable of offering trading services to consumers, many others from various countries have access to the South African market.

As long as they are registered with the appropriate authorities, traders can have confident in the services these firms offer. The FSB also offers a complaint service for users to flag shady practices, unethical dealings, as well as potentially illegal services.

The role of the FSB encompasses the supervision of many trading markets but does not yet include binary options. The organization can still be a valuable resource for binary options traders who may have general questions and concerns about investing money.

Until binary options become a regulated form of investment, many traders will continue to advocate the importance of regulation for not only the credibility, but also the long-term success of this industry within South Africa. Some financial experts like to refer to binary options as a gambling method, but this is always dismissed very quickly by other financial key players within the field. Since making profits from binary options requires skills and has very little to do with chance, the practice does not meet the criteria for gambling.

However, since the market is currently unregulated, this leaves potential for violations from unlicensed brokers, and this is why regulation of this form of investment is likely to become a priority for the FSB in the future.

In other parts of the world where regulatory agencies oversee the trading of binary options, regulations are becoming stricter and are continually improved to provide consumers with the best experience possible. South African consumers of financial products are attracted to binary options due to their ease of trade. Binary options do not require extensive knowledge to trade, although a deeper knowledge is generally required for the application of advanced trading strategies.

Trading options also provides a lower risk and lessens the uncertainty often associated with conventional forms of investment. Regulation of the industry is needed to offer standards of protection for South African investors and prevent unscrupulous brokers from exploiting a market with lack of regulations.

As such, any broker claiming to be headquartered within the country is likely fraudulent. Brokers registered and licensed by these agencies have to comply with strict guidelines.

They are allowed to offer trading services to South African traders and are generally perceived as very reliable among investors. Until South African authorities decide to regulate the online financial betting sector, traders will have to continue seeking trading accounts from offshore brokers. Although regulations from South Africa would technically offer the utmost security to traders, foreign brokers licensed in other jurisdictions are currently the best choice for South Africans.

The agency was created in and over the years, many acts have been added to expand its role. Both of these acts now allow the FSB to inspect market conduct within the banking industry as well as work to fight money laundering. The FSB supervises capital markets, financial services providers, insurers, credit agents, retirement funds, friendly societies, and more.

There are three main components of the FSB: With regards to enforcement powers, the FSB is committed to deal with various types of breeches and has the authority to impose compensation orders, and other penalties. The FSB also operates an appeal board. Since investors have to sign up with offshore brokers to get involved in trading binary options, there are a few key elements to consider prior to making an informed decision.

Many traders feel this step may be time consuming but if the goal is develop long-term trading strategies and achieve a rate of high returns, it is worth spending the time to meticulously dissect brokerage firms and carefully select the one that is right for your trading style and needs. When making your decision, you should look at the following five elements:.

This is the most important aspect of your search. Ensure that the broker is registered and licensed with the proper agencies. If you stumble across unregistered brokers or you cannot seem to find adequate and clear registration information, move on to the next one. Since you will likely have to conduct business with a broker in a different time zone, you must ensure that you have access to timely and efficient service, should you require it.

Many licensed brokers offer a hour helpline, live chat services, and employ knowledgeable staff who can address your concerns efficiently. As a beginner, you are likely to limit your trades to one or two types e.

A quick search of the web will turn up the variety of trades available so you can cross check with your broker to see if they are available. Each broker has its own trading platform. As a trader, you will want to dedicate your time to performing great trades so choosing a broker offering a user-friendly platform is a must. The platform should be intuitive and easy to navigate. Many brokers also offer platform compatibility with mobile phones; if you plan to trade options using your phone, check with your broker to ensure this is an option.

Brokers offer different payouts percentages. Verify the payout and withdrawal details of a broker before signing up. Choose one that offers high payout percentages with low withdrawal fees.

While most brokers offer all of the typical indices, commodities, and currency pairs, many South African investors can greatly benefit from trading on local indices e. The key to successful trades is to diversify your portfolio and only trade assets you know well and have the ability to monitor in terms of market fluctuations.

New binary options traders should take things slow and trade a few assets to begin with; as you gain experience, you will have the confidence needed to develop trading strategies involving a range of assets. Binary options are not difficult to start trading but long-term success within the field requires a certain set of skills and deeper understanding of the industry.

With any form of investment, two concepts should always be kept in consideration. Any investment is subject to the volatility of the assets being traded and the financial markets overall.

Binary options offer the advantage of quick trades so investors often find that the volatility factor is somewhat reduced; since you have a predetermined timeframe when entering a trade, it may sometimes be easier to predict the direction of the market and end up with an in the money trade.

However, you should always consider volatility with each trade; you will likely have better judgment as a result and know when it is time to pass on a trade that may be too risky. Derivative trading multiplies your gains potential but it also multiplies the risks. Leverage is a valuable tool with any investment but you have to be aware of your increased exposure to risk should your trade end out of the money.

Monitor your leverage closely and learn when to pull back. Many brokers have free demo accounts, which present a major advantage to traders wanting to learn about binary options trading. By signing up for a demo account, you will be able to test the field with dummy cash and see if you have enough skills to start investing some of your own capital.

Trading with a demo account will also allow you to build the confidence you need to eventually perform your first real trade. With the increase of binary options traders in South Africa, the next step is for the FSB to start thinking about the regulation of online financial betting.

It is only natural that this will come in the near future, as it is essential to protect consumers against fraudulent activities and to maintain the sound financial fabric of the capital markets within the country.

Legality Binary options are legal in South Africa. When making your decision, you should look at the following five elements: Assets While most brokers offer all of the typical indices, commodities, and currency pairs, many South African investors can greatly benefit from trading on local indices e.

Best practices for trading binary options Binary options are not difficult to start trading but long-term success within the field requires a certain set of skills and deeper understanding of the industry. Volatility Any investment is subject to the volatility of the assets being traded and the financial markets overall.

Leverage Derivative trading multiplies your gains potential but it also multiplies the risks. Try before you buy Many brokers have free demo accounts, which present a major advantage to traders wanting to learn about binary options trading. Future of binary options With the increase of binary options traders in South Africa, the next step is for the FSB to start thinking about the regulation of online financial betting.