Benefits of Using Binary Options Trading Software

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Benefits of Using Best Binary Trading Software

If you have an interest in binary options trading, the first thing you should choose is preferred trading software. With well chosen platform, all binary guides, tutorials, signals and market news are available for South African traders to use.

All combined, they can be of great help when trading binary options. Two mostly used trading software in this industry are SpotOption and TechFinancials. They are top choices of majority of binary options brokers available on South African market.

Awarded brokers in South Africa.

Best Brokers

  • Broker
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  • Min. Investment
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  • Features of Binary Options Trading Software

    It all starts with trading software that provides traders to use broker’s platform without any difficulties.

    Binary options trading is great way for South Africans to possibly achieve success while trading in a short span of time. It can range from 60 seconds, over minutes to the expiry of end of month or even more. There are numerous of trade options and a wide range of expiration times to use in the trading process.

    For inexperienced or busy traders, it is perfect tool that generates satisfactory results. South African traders, who use automated trading software, can initiate profitable trades just by getting information of basic pattern.

    Traders are able to operate this software without any download, such as with Binary Options Robot. Software has option to change setting for trade, amount for investment, and amount to loss and time limit. Best trading software in industry follows given guideline, when traders are not in front of their monitors.

    How to Choose Binary Trading Software?

    Each trader has particular needs and targets to achieve when trading binary options. According to their objective, binary options traders in South Africa select various brokers offering maximum bonus, high payouts, minimum investment, simplicity in withdrawal process, low initial deposit and maximum assets to trade with.

    Most of popular brokers offer quality software to run with user friendly interface. For South African traders, here is the list of some binary trading platforms and software to choose:

    24Option

    Trading platform, provided by 24option is TechFinancials. It is regulated platform with unlimited bonus and maximum return of 89%. Mobile app is available to keep checks on trade through iPad, tablet, iPhone, and Android.

    TechFinancials is one of the best software in binary industry and traders who registered with 24option are satisfied how the trading platform looks like.

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Best Binary Options Broker 2020!
      Perfect For Beginners!
      Free Demo Account!
      Free Trading Education!
      Get Your Sign-Up Bonus Now!

    • Binomo
      Binomo

      Good Choice For Experienced Traders! 2nd place in the ranking!

    Banc de Binary

    Banc de Binary is one of the leading brokers in binary options trading world. This trading platform has a healthy return ratio and lowest level of investment ($1). It is considered to be a low risk trading platform which offers automated binary trading software, named as SpotOption to its registered traders.

    SpotOption is considered to be among the top trading software and there is an increasing number of binary brokers who prefer SpotOption as their primary choice.

    365trading

    As one of the popular choices for traders in South Africa, 365trading uses their own proprietary platform. They developed custom made platform with an easy to use interface. Traders can easily navigate over this platform in order to find relevant information about how to begin trading binary options.

    Minimum deposit with 365trading is low $100, with lowest investment of $5. Traders might reach a fine return ration with this broker.

    365trading platform enables traders to choose between a selection of trade options with different expiry times. Education Centre is also available and provides detailed explanation for trading steps in order to provide traders the best from binary options trading.

    IQ Option

    IQ Option is one of the popular binary brokers on financial market in South Africa. To registered traders, this broker offers a proprietary platform.

    They enable traders to experience user-friendly interface and get better understanding of available trading features on the platform. It is also simple to use IQ Option platform since it fully adapted for new South African traders.

    South Africans can decide whether they want to practice trading first on demo account or not. Also, IQ Option mobile app is available for busy traders who are always on the go. On IQ Option platform, traders can trade with currencies, stocks, commodities and indices.

    Minimum deposit to start trading with IQ Option is $10, while returns can go up to 92%.

    Conclusion

    These four trading platforms are regulated with a long-standing reputation on the market. Just like their trading platforms, user friendly software is provided to traders that needs no downloading, restriction of operating system and internet support. South African traders are able to translate it in their language for easy to understand features.

    What is Binary Options Trading? Analysis of Features, Benefits and Pricing

    IQ Option No. 1 Software

    Binary options trading is a form of trade that offers two options – either the price of a particular asset goes up or down, and you have to guess which direction the price moves in a specified time. It first came as an over-the-counter trading system in bourses and stock exchanges. The Internet has ushered in its widespread popularity starting in 2008.

    Even if you are not a market trader or financial specialist, you may have already heard of binary options simply because of its phenomenal growth. Although binary options has long been in existence , it wasn’t until the development of online platforms that binary options trading became popular.

    Assets here may refer to major currencies, commodities, stocks, and indices that are freely traded in the world market and national exchanges. What is binary options trading but a type of investment; a financial instrument where you place a certain amount/investment on a particular asset and if its price goes to where you predicted it will be, you get your payout – your investment plus the promised percentage earnings offered by the broker. You’ll be using the services of binary options brokers which will provide you the trading platform and tools as well as any other assistance that you may need.

    Sounds easy, right? It is, but you will be forewarned by binary options brokers themselves that this type of trading carries a high level of risk and may not be suitable for all investors because there is the real possibility that you may lose all your invested capital. Binary options is also called an “all-or-nothing” trading because if you make the wrong prediction, it’s goodbye to your investment, all of it. While some binary options brokers return a small portion of your investment even for losing trades, you’ll still be advised that you should never invest money that you cannot afford to lose.

    In this article, we’ll examine the many aspects of binary options trading, including the following:

    What Does Binary Options Trading Do?

    What is binary options trading but a means for you to earn more. The purpose of binary options trading is basically to give you the opportunity to profit off your investment in the right and legal way. There are several common attributes and features of binary options. Understanding them will answer the question – what does binary options trading do? Here are 6 aspects to know before taking part in binary options.

    1. It’s simple. Binary option is a simple financial product which allows an investor to determine the future movement of an asset’s price which is just one of two directions – up or down.
    2. Underlying assets vary. Assets can be world currencies (USD, EURO, AUD, etc), stocks (Google, Microsoft, Apple, and many others), commodities (gold, silver, oil, agricultural produce), indices (index funds, futures, other derivatives), and lately cryptocurrencies (Bitcoin, Litecoin). Some brokers can offer you hundreds of assets that you can trade in.
    3. Trading is fast. Short-term timeframes can be as little as 30 seconds or 60 seconds to work your traded amount. This is riskier although you can make money quicker since you can trade multiple times in a day. On the other hand, you can opt for longer timeframes (minutes, hours or even a month) which generally gives bigger payout.
    4. You need a broker. You need a binary options broker so you can open an account with them, use their trading platform, avail of their tools (demo account, historical charts), and rely on their customer support and services (i.e. payment processing, withdrawals).
    5. Payouts vary. Payouts for correct predictions differ from broker to broker but are usually in the range of 70% to 90%. This means that if you place a trade for $100, you get $170 or $190 in return. For a wrong prediction, you lose all. Now you know how vital it is that you hone your skills and learn to make the right predictions which we’ll tackle in the next sections.
    6. Go for legitimate brokers. A most important reminder when it comes to choosing a binary options broker – get a legitimate one. A highly popular trading mechanism used by millions of people worldwide is bound to produce fake, fly-by-night brokers out to dupe unsuspecting investors. And there are many of them out there. Be fastidious in your research and background check to see, among others, if the broker is licensed and regulated by the proper government authority; has a professional and modern website complete with relevant information (office address, contact numbers, email); offers several payment/withdrawal methods (payment gateways, credit cards, wire transfers); boasts of having received awards and honors; and generally have good feedback/comments from users and clients. All these you can search online. If you find red flags, stay away. You’ll be entrusting your investment; hence it is paramount that you transact only with a real and reputable broker.

    Why Use Binary Options Trading?

    After reading the preceding section on what binary options trading do, you might be prompted to reply – why not? We’ll reinforce that positive response by showing you the distinction between binary options trading and conventional day trading or investment in forex and stock trading. Later in the article we’ll enumerate the advantages of binary options. But first, why use binary options trading? Why not invest in traditional trading? The two are different as far as the following are concerned: risk factor, profitability, assets handling, sustainability, and the learning aspect. Let’s go over each.

    1. Lower risk. Every investment using a financial instrument carries with it some risks; the levels just vary. In traditional trading, wins and losses are dependent on the rise and fall of the value of an asset. You can lose a considerable amount of money when that value drops significantly or vice versa – profit big if the value rises to a great degree. Either way, you won’t know beforehand how much you’ll win or lose. It’s the other way around with binary options trading because you can tell in advance how much you’ll win or lose since you have put in a particular amount you’re willing to risk before you commit to a trade. If you placed in $100 for a 70% return, you know you’ll get $170 for a right prediction and nothing for a wrong one. No surprises with this trade since you know the risk you’re willing to go through.
    2. More profitable. Both types of trading can be profitable to a seasoned investor who relies on experience and expertise. The edge of binary trading is when it comes to payouts. As you’ve learned earlier, the rates of payouts differ per broker; some can even give you 100% or more which means double the amount of your investment for a winning trade. In regular trading the profit rate can be up to 20%, and that is if you’re lucky. This means that in traditional trading you have to buy and sell very large number of assets or by volume if only to realize more profits. According to a 2020 Optimove statistics, binary option traders have a conversion rate 34% higher than forex traders.
    3. Simpler assets handling. This is a major difference between binary options trading and trading in forex or stocks. In the former you simply make a prediction in the price movement of an asset you choose while with the latter you need to buy assets and sell them later when their price appreciates in order to generate profits. You can see here that traditional trading is quite more complicated when it comes to how you handle assets.
    4. More sustainable. The time it takes to profit from your investment is very much shorter with binary options than with conventional trading. With short term trades in binary options, you have seconds, minutes or a few hours to generate substantial income if you come up with the right prediction. That is not the case with stock trading. When you buy stocks, you might have to wait several days or weeks for its value to inch up even just for a small percentage before you are able to sell to make a little profit. Just to compensate for that you have to buy in large volumes to make a bigger profit. Not so with binary options; you can sustain your earnings with smaller amounts and more frequent trading, and profit in shorter time.
    5. Easier to learn. The simple mechanism in binary options trading makes it easier to understand. You just predict the movement of an asset which, by definition of binary options, goes to only one of two directions. You can increase your chances of making the right predictions by going over historical movements of such assets, determine and anticipate events that affect their movements, and find patterns and trends that influence asset prices. Previous data can easily be provided by the broker and trading platform which you can study and analyze. Traditional trading is much more difficult because aside from predicting the movement of an asset you also have to asses the size or volume of the movement or else you won’t be able to make any profits. When it comes to money matters, you’re better off with a more straightforward system.

    GTOptions: Uses the popular SpotOn trading platform that features several trading tools.

    How Does Binary Options Trading Work?

    As we’ve pointed out earlier, binary options have only one of two directions to go – up or down, or “high/low” which is one of the most popular options. You can get it right or you can get it wrong. There is no middle option. So how does binary options trading work? In its simplest, it goes like this with the broker and their online trading platform:

    1. Open an account. You open an account with the broker company. Some will require you to put in a minimum deposit while others will let you first open a demo account so you can practice trading with virtual currencies or credits.
    2. Start trading. When you already have an account you can start trading. With a demo account, you can choose to upgrade to a real trading account. You can then choose an asset and then predict whether its price will go up or down.
    3. Know your earnings. Before you commit money to the trade, the broker will show you the percentage amount that you will get in case you make the right prediction.
    4. Know the risks. You select the amount you want to risk (there are minimum and maximum amount you can put in) and the timeframe within which to work your trade which can be short term (30, 60, 120 seconds) or long-term (3, 5 minutes or longer).
    5. Wait. Once everything is accounted for, you click on a button to lock in the trade then wait.
    6. Withdraw your winnings. When you hit it right within the timeframe or expiry period, you get what was promised you by the broker which you can withdraw and deposit to your bank account using whatever payment/money transfer method is available.
    7. Or lose. If you make the wrong prediction, you lose your invested amount and you can start all over again.

    When you think about it, the risk essentially lies with you and a volatile market. You may not be able to restrain yourself and put in bigger amounts without the use of better judgment and the tools made available to you by the broker to mitigate the risk. When your mindset goes into “gambling” mode and not think of binary options as a true investment opportunity then you’re setting yourself in for sustained losses.

    You can discipline yourself but a volatile market is something you can’t control. The good news is that you can have enough information and data on how major currencies and prices of stocks and commodities behave in the market. Analyzing them can hone your trading skills and strategies, and prepare you to make more accurate predictions. That is the mark of a true investor.

    OneTwoTrade: Offers more than 350 trading assets and 5 trading options.

    Advantages of Binary Options Trading

    The advantages of binary options trading are many as you’ve learned from the earlier sections. And one of the biggest edges that you get compared to other trading types is that you have readily available information on how trading with a particular asset can likely end up. You know exactly how much is at stake (your trading amount), how much you stand to gain (investment plus percentage if you make the right prediction), the risks involved (you may lose everything with the wrong prediction), and how long it takes to make a profit – or not – from your investment (timeframe you chose). Given all these, you have the following advantages with binary options particularly with your trusted broker and their online trading platform:

    1. Simplicity. Trading with binary options is literally just a click away.
    2. Accessibility. Since it’s online, you can trade from any internet connected device. With mobile apps provided by brokers, you can trade on the go.
    3. Control. Even before you make your first trade, you already know the possible outcomes. The risk and rewards are known so you have better grasp of your next move.
    4. Convenience. No need to be bogged down by details such as exiting trades, putting orders, monitoring positions, and the like; your broker and trading app can take care of that.
    5. Hassle-free. There are no liquidity concerns since you do not own underlying assets which allows your broker to offer numerous strike prices and timeframes, giving you lots of trading options.
    6. No commissions or fees. Brokers generally do not charge commissions or fees for winning trades.
    7. Multiple assets. Investors can select from a wide range of assets to trade in with some brokers offering hundreds of them.
    8. Trade as much as you like. With short term options, you can trade numerous times a day – as much as you can afford to invest.
    9. You can master it. You can study historical charts and analyze financial instrument quotes which usually come with the trading platform; you can be on the lookout for events that influence asset prices; try demo accounts to hone trading strategies; and just be wise, prudent and collected come trading time. You can be a seasoned binary options trader if you put enough effort in mastering it. After all, prediction is based on what happened in the past and it’s a skill that you can sharpen to your advantage and, in binary options, for your profits.

    Stockpair: Trading platform built with the latest financial technology

    Cost of Binary Options Trading

    The cost of binary options trading here refers to the minimum deposit you have to make to open an account with the broker/company to start using their trading platform, as well as the minimum and maximum amount that you can trade (or purchase a contract/option as some brokers would call it) which will form part of your initial investment. The cost differs per broker but to give you an idea, here’s a sampling:

    Note that many brokers allow you to start off with a demo account (with virtual credits/currency) so you can practice trading. You can then convert the demo account into a real money account by which time you are required to deposit a certain amount that you will use for live trading.

    Examples of Binary Options Brokers

    To give you an idea of the current landscape, here are some examples of binary options brokers.

    1. GTOptions is a relatively new player in the industry established in 2020 by Eufal Ltd based in Nicosia, Cyprus. It offers several types of binary options such as Option Builder, One Touch, High/Low, and 60 seconds, with more than 70 assets that you can trade in. Payout per trade ranges from 65% to 85% depending on the asset and option you choose and the trade amount. The broker requires a minimum deposit of $250 with a minimum trade at $5 and maximum of $3,000. It uses the SpotOption trading platform and offers tools such as economic calendar, trading signals, and daily/weekly market review.
    2. OneTwoTrade operates out of Malta and also utilizes the popular SpotOption trading platform. It offers over 350 trading assets and five different trading options – Classic, Short Term, Long Term, Pairs and One Touch. Minimum deposit is $250 and payout can reach up to 80% of your investment for correct predictions. The broker offers four types of accounts and traders can avail of a variety of promotional deals and offers. It supports a number of deposit and withdrawal methods such as credit cards, bank transfers, e-wallet, and payment gateways.
    3. Stockpair offers its own in-house trading platform that has an array of tools and features to help both new investors and long-time traders. The platform is built with the latest financial technology to ensure the trade reliability, fund security, data transparency, and information privacy. It also has technical analysis charts to assist traders in financial business intelligence, and market forecast and assessment. The broker is based in Cyprus and licensed by CySEC. Its minimum deposit is $250, offers payouts from 75% to 80%, and has no limits on withdrawals.
    4. GrandOption provides binary option traders with the Tech Financials trading platform. While it is unlike most trading platforms offered by alternative binary options traders, Tech Financials features a wide interface with a customizable trading chart and allows traders to manage multiple trades while at the same time review their trading history. Also, the Tech Financials platform is easy to understand and use with built-in features such as informative price charts, dashboard with price history, traders choice bar, and technical analysis indicators, among others.

    Automated Trading Software

    It’s not impossible to master binary trading, and like anything else, the more you put in, the more you will get out. To become good at making money, you’ll need a great broker, time and some patience. For some people investing this time is not an option, and you never reach your true potential.

    Enter the robots! We don’t mean physical machines that will sit at your computer and trade for you but binary options robots that come as part of pre-programmed software. This software uses complex mathematical algorithms to examine market data and then uses this data to trade with highly profitable and low-risk results.

    Different brokers allow the use of different robot software, and once you have opened an account, you’ll be able to view all the compatible brokerages for that provider. You don’t need to worry about who to choose. We have done the hard work for you and recommend brokers based on who offers the best trading experiences.

    In this article, you will learn:

      What binary option trading robots are The benefits of the best trading software How you can make more profit using them

    How Robots Save Time

    The mere thought of downloading, installing or setting up a software programme may leave you feeling like it is time-consuming and complicated. You will be surprised at how simple it is and how much time it will save you in the long term. Here are a few simple steps that will have you trading automatically within no time.

    Choose a Robot Service

    While you can spend hours carrying out research looking for the best robot trader, you probably don’t have the time. That is where our list of recommended services will save you a lot of time that you can spend trading. All you need to do is choose the one for you.

    Download The Software

    Many brokers or software providers will require you to download the software. On a mobile, this may be as simple as downloading the app. You can access some robot trading software via a browser.

    Sign-up With a Broker

    In addition to the free binary robot software, you will need to get a real account with a broker. The software will normally recommend binary options brokers to open an account and deposit with.

    Programme The Software

    We don’t mean that you need to be a programmer to operate the software, but you do need to tell it what you want. Set your technical indicators which will include your investing limits, frequency etc. then leave the rest to the auto trader software.

    Sit Back, Relax And Enjoy

    That’s it. Now you are trading without doing anything. You can carry on with your business and leave the rest to the robot. Just check in now and again to see how your trades are doing and reset the parameters if you need to.

    Using a binary robot also removes the anxiety you might get from trading. When you place a trade with an expiry time of an hour sometimes watching what is happening can put the trader through a range of emotions. By using this, you can check in every so often to see how you are doing rather than being glued to the screen for each trade.

    Trader Broker Asset Profit

    How Binary Robots Work

    The robot trading software is something that you download to your computer or another device once registered with a broker. A download is not always required; sometimes you can start using them online via a website. Investment using this method is known as automated or auto trading and is used by “auto traders” that want to free up their time and increase their success rate.

    Like any computer, the capacity to research, consume and analyse data is much higher than the human mind so the machine can process all the data much quicker than any human being without emotion or instinct. By using this process, more information is gathered at a much quicker pace allowing for more effective, profitable trades using an array of automated trading systems. The capacity to trade becomes much more and the number of successful trades increases.

    Why then, wouldn’t anyone want to take advantage of this help? To begin using the automated trading software you need to choose a service that is compatible with your broker and start using it. To help you select your provider we have researched hundreds of them across the world to bring you the best and offer up our advice on who you should trade with saving you both time and effort.

    Some traders prefer to keep control over their trades rather than giving everything over to the robot, and this is where trading signals can be a viable alternative. Trading signals are services that provide advice and information on which trades to make. You still need to make the trades yourself, so you remain in control but the advice on what trades to place is given to you. It’s great for people who might not be good at reading the markets, depending on if the service you use is good, of course.

    Benefits of Automation

      Save valuable time. Binary trading robots have a far higher capacity for information than the human brain Execute more successful trades. Using the trading system to gather much more data makes the trade more reliable Trade without any emotion. Remove the “gut instinct” element and control your trade amount Allows you to carry on with other things. You don’t have to spend so much time in front of a computer or on your phone and can carry on with your life while still making money Less knowledge needed. You don’t have to study the markets, trends, assets etc. or become an expert to be successful It’s free or low cost to use once registered with a broker and doesn’t always require a download Software helps with money management. Increase win rate = more money = greater profits Test them with both a virtual or free demo account Anyone at any level can use them whether a binary options trading beginner or expert

    There are some “scam robots” where the purpose is to con the investor out of their money, and they don’t work. There are tell-tale signs that you should watch out for as to whether a service is legit or not. These include no contact details for customer support, consistently bad reviews, a short operating time and only a few assets available.

    This software uses complex mathematical algorithms to examine market data.

    How to Find Legit Software

    Some unfortunate investors aren’t always able to spot online scams and can lose a lot of money when they should have been making it. Before they notice there is anything wrong they could already have made many trades. There are things to look out for to try and prevent this happening, but we highly recommend using our advice and recommendations to ensure that you register with a trusted and reputable binary robot software service.

    We’ve done countless binary option robots reviews and found them to be a reliable solution if you want to trade without having to dedicate all of your time to research and analysis. If you enjoy studying the markets, analysing and placing your trades, then you will want to continue doing the work yourself, but if you want to free up valuable time, then this is the solution. Watch out for other robots available such as those used for Forex trading or crypto trading. These are very different products with different technical indicators and should be avoided if you want to trade options.

    We have tried, tested and reviewed the many types of software and know which companies offer the best binary robots trading experience and which software outshines the others. We believe that investing apps are a great way to save time and make money and to assist you in the quest to become the best binary options robot trader, our advice and recommendations are designed to make this happen.

    Frequently Asked Questions

    Is robot software reliable and trustworthy?

    Like many aspects of binary options trading, the reliability depends on the security of a company overall. If you choose a recommended, reputable provider, then their services will be tried, tested and reliable.

    Can they predict the right trades to make?

    Prediction is a good question because even machines can’t predict the future, no-one can. What they can do is analyse data, trends and other aspects to come up with more reliably informed information.

    Will I need to pay money for good software?

    No, the best binary option robot software is free to download and use. For the most part, you will need to download it using a free account before opening a real account with a broker.

    What if my trading robot gets it wrong?

    Even with sophisticated investment tools, it doesn’t guarantee that you will be 100% successful. The robot improves the chances of making successful trades.

    How do I find the best software to use?

    That’s easy. You merely review our recommendations and select a few from our list to check out for yourself. We base all of our findings on our own experience, tests and research.

    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.

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Best Binary Options Broker 2020!
      Perfect For Beginners!
      Free Demo Account!
      Free Trading Education!
      Get Your Sign-Up Bonus Now!

    • Binomo
      Binomo

      Good Choice For Experienced Traders! 2nd place in the ranking!

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