Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sign-Up Bonus Now!
Good Choice For Experienced Traders! 2nd place in the ranking!
Binary Options Trading – The Best Binary Brokers, Robots and Signals in South Africa
Best Online Trading Brokers
Binary Options South Africa
Best Binary Options Robots – South Africa
The goal we have set up is simple – to put together only those robots and binary brokers in the binary options industry which offer unique and effective trading features.
We are creating a place where South African traders can get informed and stay informed about trading solutions on the market which provide satisfactory trading experience.
Here, South Africans can learn what they need to know when they start looking for binary brokers or robots.
Find out about interesting trading features, handy apps and distinctive settings which stand out from the rest.
Our site has a mission to review binary brokers and robots for traders in South Africa and allow them insight into the exciting world of binary options trading.
Secure Trading with Nothing but the South African Brokers and Robots Reviewed by Us
As one of the fastest growing trading markets in the world, South Africa has virtually hundreds of various brokers, automated binary robots and signal providers to offer to interested traders.
One would think such a wide choice would make the selection easier.
Yet, it is not quite so.
The first step toward success in binary options trading, be in with binary brokers or robots, is to know what to look for.
After all, what South African traders opt for in terms of trading software or broker can mean the difference between a plush bank account or an empty one.
What are Binary Options?
The opportunity for the public at large to trade binary options appeared in 2008 which caused an outright revolution in the trading world.
Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sign-Up Bonus Now!
Good Choice For Experienced Traders! 2nd place in the ranking!
What are binary options and what makes them so appealing?
Binary options are a form of online trading which have an expiry time, two basic possibilities when it comes to underlying price direction and a fixed return.
The fact that attracts so many to binary options is multidimensional – the investment is affordable to the “Average Joe”, the basic principle is simple as the price of the underlying asset can go either up or down and it is all happening online.
Additionally, the trading can be done from virtually everywhere in the world where the internet connection is stable and traders may use all kinds of fantastic trade options and tools so it becomes much easier to understand the interest binary options draw from people.
There is a longish list of trade options which can be used such as the newbie favourite High/Low, 60 Seconds, Pair Options, Range Options, Ladder Options, One Touch…
Another point in favour of trading binaries is that traders know the risk, the profit and the potential loss in advance which makes money management much easier. The possible payouts are very attractive as well.
Traders are the ones who set the underlying asset’s price direction and its expiry time.
With all the benefits, it is understandable that many on the South African market wish to participate so the question how to do that is important. However, what prospective South African traders have to know before they start is that this form of trading is suitable for all.
Benefits of Successful Binary Trading in South Africa
Naturally, there are other forms of trading available on the market like Forex, yet binary options are far simpler and the possible gains go higher.
With binary options, South African traders have the absolute control when it comes to their trades and they also know the risk involved. Another aspect of binary trading makes it a very appealing prospect – it is not possible to lose more than the invested sum.
As indicated, trading binaries is versatile and South African traders may use not just various options but also a great selection of expiry times. Some can be as short as 30 seconds or as long as 150 days. This also provides a very individualised approach to trading as different traders have different trading styles.
It is also possible to use various trading strategies which can be combined with the selected expiry times. It is important to know that short expiry times are riskier but are also more profitable and very exciting.
The profits also depend on the selected binary broker so those may range between 70-93% which is an industry average. These numbers make it even more apparent why binary options trading is so popular, both in South Africa and around the world.
Traders may invest in a verity of underlying assets which are typically sorted into four categories of stocks, commodities, currencies and indices. Binary brokers provide an Asset Index where traders can see a complete list of available underlying assets and the total number may go over 200 with some brokers. This truly provides numerous trading possibilities.
The trading platforms are, especially with established brokers, modern but very efficient and user-friendly. That makes it even easier for beginner traders in South Africa to join the ranks of those profiting from binary options.
Additionally, traders can find a well-stocked selection of advanced tools and features to help them not just to trade but improve their skills as well. One of the most popular trading features is the demo account.
How to Trade Binary Options in South Africa as a Beginner
In our guide for dummies, South African traders can pick up various tips on how to approach binary options trading as a beginner and what they need to know before they invest their funds.
One of the first thing traders have to be aware of are scam brokers. Binary options trading is popular and widespread and there are those who are trying to take advantage of that using any means necessary. The good part is that traders who invest a bit of time into research and education can learn what to look out for. More importantly, they can learn the signs which typically point to a scam broker.
On our site, traders can find plenty of interesting and useful broker reviews which will provide info on all the essential aspects important for that broker.
Low minimum deposit is always a good choice for beginner South African traders, and brokers like IQOption ($10) or Binary.com ($5) could be a great starting point.
Starting Your Trading Journey with a Reliable Binary Broker?
Not knowing is not a problem because traders can learn. Educational materials, great advice and useful tips are just a click away.
We suggest that South African traders start by investing time into selecting a binary broker which provides a secure trading platform together with a variety of underlying assets and trading features.
We provide a list of best binary broker reviews which can be a huge help for all prospective South African traders. These brokers are, in most cases, regulated by one of the regulatory authorities which is also important as it provides more confidence.
Why Do Traders Have To Read Broker Reviews?
Financial trading or investment without a certain amount of risk does not exist. Yet, in binary options trading that risk can be minimised by being properly informed. This is where the importance of broker reviews come in. When South African traders read broker reviews they obtain valuable information before they select a broker for binary trading.
We work hard to make our reviews as objective as possible, providing detailed information about trading platforms, available underlying assets, payment methods, withdrawal procedure and customer support.
Our site is designed to give traders in South Africa valuable input about broker’s services and trading options so traders can decide whether they want to make a deposit with a certain broker or not.
As mentioned, there are risks involved with any kind of financial trading and losses occur, just as profits. It is possible to find negative and highly subjective opinions of traders who have lost their investment on various forum sites. Often, they will be filled with frustration, dissatisfaction and only the partial truths.
We advise traders to consult reviews written on BinaryOptionRobot.com where they will be able to find a selection or useful info rather than going to obscure forums which are more often than not used simply to vent anger and frustration.
Experience and Profit from Demo Account as a Beginner
Demo accounts are one of the best allies South African beginner traders can have in binary options trading. There are plenty of brokers listed on BinaryOptionRobot.com which provide demo accounts for their traders like Opteck, 24option and 365trading.
The demo account is the perfect practice field since it is a risk-free environment due to the fact that funds are virtual and not real on the demo. Traders who utilise the demo account can gain more knowledge but also confidence.
Once they have done sufficient practising on the demo they can move on to a real account and start their binary options trading journey.
Binary Auto Trading
What Do You Know about Binary Auto Tradingin South Africa?
Binary options trading can truly be done by anyone, that is why it became so popular so quickly. Yet, a certain level of knowledge and skill is necessary to get that which all binary options traders want the most – profit.
Binary auto trading grew from the desire to make this online trading venture even more accessible to a large public. It is not easy to take up something new, especially when it comes to investing money. This fear can frequently keep inexperienced South African traders back. This means that often, traders would get stuck between the rock and the hard place. They wish to participate and profit but are too afraid to do so.
Then, there is also the aspect of learning to consider.
That means that South Africans who wish to do binary trading successfully have to invest time into learning about trading strategies, market monitoring and other aspects necessary for binary trading.
Yet, not all traders are willing or in a position to do that. Luckily, there is a solution and it is called binary auto trading. Or, trading with binary options robots as this manner of trading is known better. This way of trading is becoming very popular and it is easy to understand why.
As one of the best software currently available on the market, we reviewed and checked Binary Options Robot, which is completely free trading software that works so as to place trades in various underlying assets respecting traders’ wishes.
This advanced trading solution makes use of the amazing technology available today to scrutinise the circumstances on the South African market and then place trades according to settings adjusted by traders.
It may also achieve high payouts which makes Binary Options Robot even more attractive trading solution for inexperienced South African traders.
What is Binary Automated Trading?
South African traders who take up financial trading of any kind usually have one driving force – to achieve healthy profits. Availability of binary options trading in South Africa allowed millions of people the opportunity to participate in this form of online trading.
Trading binary options is known as an easier and more simplified form of financial trading and with binary automated trading that simplicity was taken to a whole new level.
What binary auto trading is an added benefit which has managed to attract even more traders.
It took the already straightforward trading process and made it even simpler. Instead of the traders doing the research and learning about various aspects of the trading binaries they simply have to adjust the settings.
Once that is done, binary robots do the rest of the hard work.
The reason why so many traders in South Africa and around the world, now favour this manner of trading is the amazing technology that is behind it.
Advanced and complex algorithms scan the current market situation and generate trading signals. Trading signals are essentially information communicating which trades have the highest chance of being successful.
Naturally, these signals are generated based on the trader’s preference, they are not random. As is the case with standard binary trading, risks are present in binary auto trading too but the process is made even easier and probably much less daunting.
In order to help and guide prospective binary options traders who are interested into binary auto trading, we at BinaryOptionRobot.com will provide a lengthy guide into South African binary auto trading which will, hopefully, be an excellent springboard for a profitable trading journey.
Binary Signal Provider Types – South Africa
When it comes to generating signals, two types of signal provider software are available on the South African market.
On the one side, seasoned and experienced South African market experts create trading signals, and on the other traders may opt to use signals generated by complex trading algorithms.
In the first case, trading signals are human-generated. While this certainly has some drawbacks, to South African traders have to know that all financial markets have the human element present.
Therefore, a team of professionals with deep knowledge trading combined with the understanding the human nature, can be very good for achieving success.
The second type refers to the signal provider software which is firmly based on sophisticated, advanced and innovative technology which utilises complex algorithms in order to generate binary trading signals.
The algorithms scan the South African market to pinpoint trading opportunities which are likely to end in profits. Since algorithms are designed in such a way to include various parameters and factors, the so-called “human error” is considerably reduced.
It is neither possible nor fair to place one above the other when it comes to the type of signal providers, this is strictly down to traders’ preference.
At any rate, once the signals have been generated and delivered, South Africans can then use them to trade binary options.
Advantages of Binary Auto Trading Signals in South Africa
Several binary options signals providers have been reviewed on our site in order to provide useful info to our readers from South Africa.
Traders can find detailed information about services offered by each provider, the price and comprehensive data concerning their tools and features.
The appearance of South African signal providers and binary auto robots, could be a great solution for many traders.
Yes, some amount of research to choose the right binary robot and the equally suitable binary options broker is still necessary, but the rest is no longer a problem.
South African traders are not required to follow the financial market and all the events taking place. They even don’t have to know a lot about underlying assets or what might influence them. The same can be said about the trading strategies because the trading software does all the hard labour for them.
The market is observed and analysed either by advanced algorithms or, alternatively, trading experts. Binary trading signals are generated and delivered, containing the information of which trades have the best chance of yielding profits. Most binary auto robots, require that South African traders set the preferences in terms of which underlying assets they want to trade, how many trades per day they want the trading software to execute.
Traders can also set the daily budget which is a fantastic way to manage the money. Once those settings have been adjusted according to traders’ preference, the binary signal providers will do everything else.
Naturally, there are differences concerning quality, settings, features, tools and the number of underlying assets provided by various signals providers and binary robots, but the bottom line is – they do the hard part for the South African traders. They can the market and generate trading signals which have the highest probability of being profitable.
Again, there is no such thing as a 100% guarantee that every trade will end in success and traders have to keep that in mind before they decide to go into binary options trading.
Binary Signal Providers
How to Choose the Best Signal Provider in South Africa?
We at BinaryOptionRobot.com, are here to offer latest binary news to South African traders who are considering taking advantage of binary options auto trading. However, all advice and tips we give here are used at traders’ risk.
It is not possible to favour human-generated trading signals over those created by an algorithm. Traders have different preferences and there is no right or wrong here.
But, what we can do is offer all prospective South Africans some handy tips on how to approach binary auto trading which can make the decision-making process at least a bit easier.
We have researched various signal providers in South Africa and here are some of the tips on how to choose trading solutions that provide the best ratio of quality and effectiveness.
What to Look for in Binary Signal Providers?
The minimum deposit is usually the first thing South African traders investigate. In the majority of cases, the signal providers or robots are completely free.
This means that traders do not have to pay extra to use them. They do have to make a deposit to start trading. The deposit is made with one (or more) of connected binary brokers who support automated binary trading. While the deposit amount can vary, in most cases it is around $250.
Another thing to look out for it to select a signal provider which is connected to well-established and preferably regulated binary broker.
Another thing to look out for when it comes to how to choose the best signal provider in South Africa is not to fall for unrealistic promises. As we pointed out – there is no such thing as a 100% guarantee to make profits. South Africans should stay away from such signal providers and select those which make realistic promises.
We also suggest traders in South Africa to opt for a binary robot which always demands that traders have to be logged into their account and present online when the trading process is taking place. Traders should also be the ones who adjust and set all the preferences and settings on the trading software.
Another important element which is sometimes overlooked is the quality provided by the customer support agents.
We strongly suggest that South Africans test the customer support service before they make the final choice.
Automated binary trading is getting more and more popular which means that the number of binary robots/signal providers grows almost daily. Selecting the best one is not easy, but in paying attention to tips we have provided it can be a much easier and less stressful process.
If traders also dedicate some extra time to reading various binary signal reviews available on our site that process will become even easier.
What is the Best Binary Options Auto Trading Robot in South Africa?
An increasing number of binary options auto trading robots available on the market does not make the answer to this question an easy one. However, as is always the case, some binary robots are more popular than others.
Binary Options Robot is one such trading software. It has managed to profile itself as the best South African binary robot in 2020. This title came as a direct result of outstanding services this binary trading solution provides to its registered traders.
Based the information available on their site, this is a 100% controllable binary trading software, it is free and it does not require any additional downloads or installations.
Binary Options Robot Software – Special Technical Information
One of the most appealing aspects of this trading solution is that Binary Options Robot offers its services for free. The registration process is simple, quick and free and South African traders can select any binary options broker available with the Robot.
What South African traders get to experience with Binary Options Robot is an advanced form of technology which uses API connection which then connects Robot backend to binary brokers. In using API technology, fast information processing is possible and, as the saying goes – time is money. And in binary options, time is of crucial importance.
Binary Options Robot uses a sophisticated trading algorithm which not only takes into account the present market situation, but also makes use of the information obtained via indicators, entry points, candlestick formations as well as risk management rules.
South African traders are free to use Binary Options Robot from any device which has good internet connection.
The Robot can and will trade only when it is connected to the internet. This is an additional protection for traders as that means that nothing happens without their knowledge.
South African traders get to choose among over 50 available assets. It is recommended to keep most (or all) underlying assets active at all times. This will generate more trading signals and more opportunities to make profitable trades and it does not cost anything to keep them active.
Traders also have a handy History tab which depicts all trades carried out in the past with all details about that trade.
There is another perk which comes with Binary Options Robot and which has been pioneered by this trading software called the Auto Trade Approval.
The Auto Trade Approval is a kind of a pop-up window that allows traders to have the control over their investment choices. When the Robot scans the financial market and located the optimal trade, it transmits that information to the trading dashboard.
This info appears in the form of the Auto Trade Approval providing relevant details about the trade. South African traders will see the underlying asset, investment value, a suggested put or call option as well as the expiry time for accepting the trade. What auto trade approval does is give traders the ultimate control as they get to either accept or decline the suggested signal.
Traders have the final say with Auto Trade Approval.
Binary Options Robot – Advanced Trading Features for Better Performance
The further attraction of Binary Options Robot is given in the fact that South Africans needn’t be trading experts to use it and hopefully profit from it. Naturally, it is always better when traders do know and understand the basics of binary options trading and are familiar with trading strategies.
Experienced binary traders in South Africa can also find this to be an exciting trading prospect since they can simultaneously trade with more binary options brokers.
This can be achieved from the one trading platform so traders know what is happening at all times and can manage or adjust their trading plan easily.
By analogy, this also indicates that South Africans do not need to open more than one trading account with Binary Options Robot.
South Africans have more than 50 underlying assets available which are grouped into currencies, commodities and stocks.
Binary Options Robot also provides Daily Stop Loss feature that which allows more protection for traders’ investments. The Stop Loss feature gives traders free reigns over how much they want to invest on daily basis. Once the set level has been reached the Robot will no longer trade. This is great as South African traders can create a solid investment plan and avoid unnecessary losses.
Maximum Daily Trades is yet another helpful feature that South African traders should use. This tool is designed to help traders set the maximum number of trades per day.
Trading Amounts feature is a handy way to define an amount that could be invested for specific underlying asset groups. For example, with Trade Amount traders can define that they wish to invest $200 in currencies, $100 in commodities, and perhaps $50 in stocks.
How to Open an Account With Binary Options Robot?
The registration process is simple, fast and straightforward with only the basic info required to open an account with Binary Options Robot.
The South African traders will receive a confirmation mail after they complete the registration process. After the registration is done, the traders have to make a deposit with more or more available binary brokers after which they can initiate the trading process.
Created and designed to be user-friendly, especially for newbie traders, the Robot will open one broker account for traders once the finalise the trading process. Depending on the country, in this case South Africa, Binary Options Robot will choose the best available binary broker. Later, the traders are always welcome to add more brokers to their portfolio.
Another thing should be kept in mind – if South African traders already have a trading account with one of the brokers available on Binary Options Robot it is not possible to use it this trading solution.
Traders have to register using Binary Options Robot if they wish to use this trading software.
Binary Options Robot VIP Account
However, the cherry on the cake when it comes to this binary trading solution is Binary Options Robot VIP account. This advanced trading account is free and traders become eligible to use it as soon as they make a deposit with one of the available binary brokers connected with the Robot.
When South African traders make a deposit for the first time, they will be in a unique position to use the VIP account for one month completely free of charge. And even after that first month is up all they need to do is make another deposit and the VIP membership will be prolonged.
Binary Options Robot VIP account is a collection of advanced trading features designed to further boost traders’ chances of securing success.
Contained within the VIP account, South African traders will find Trading Strategies feature, Risk Level features and Expiry Times features.
Until recently, this account numbered four strategies but now a new one has been added – Order Flow strategy which means there are now five in total. With Risk level feature traders may adjust the risk factor and with Expiry Times, South Africans can test both short and long-term expiry times.
Fintech Limited, which appeared on the South African market in 2020, is another potentially interesting binary robot.
A free binary options auto trading system, Fintech Limited provides handy trading features such as mobile trading app. Trader Sentiment is another useful trading feature which enables Fintech traders with a chance to monitor other registered traders and depicts the number of manual trades vs auto trades.
South African traders who opt to use this binary options trading robot traders get to experience aspects of social trading and copy trading via Sentiment feature.
Profitable Auto Trading Is The Key?
As evident by the info we provided here, binary auto trading can save a lot of time. Plenty of new and interesting auto trading robots are appearing on the market at all times bit not all of them will be equally successful and provide traders what they want in terms of profits.
Risks are ever-present and South Africans have to keep that in mind. However, in following at least some of the suggestions we provided here as well as testing out binary solutions such as Binary Options Robot, auto trading could be the key for many South African traders.
And of course, investing at least a little bit of time into education can only help along the way. Reading reviews on various binary robots and signal providers will allow South African traders to have a much wider and fuller picture. That, in turn, should make the selection easier.
The Importance of Binary Brokers for Successful Auto Trading Process
To say that the success of profitable binary options trading depends on a single segment would be a complete fabrication.
As always, there are many elements that must come together for traders to achieve the ultimate prize – profits.
Yet, one could argue the point that some elements are more important than others.
And two of the most important ones is the right combination of established binary broker and superbly designed auto trading robot.
As pointed out earlier, it is always clever to check the regulation status connected brokers have. If they have been regulated by regulatory bodies such as CySEC in Cyprus, ASIC in Australia, FCA in the UK, CFTC in the United States or FSB for South Africa. There are other regulatory authorities around the world as well and this may point out to the quality traders may expect from a certain binary broker.
South African traders must be aware that a regulatory license is not a guarantee, but it still provides additional security for binary traders.
Having a superb binary auto trading system will mean very little if the binary broker is a scam or simply does not put adequate effort into providing quality services.
Which brings us back to the point that we, at BinaryOptionRobot.com already mentioned – taking the time to do proper research. This does not just refer to the matter of binary auto robots and binary auto signal providers which, recently, seem to be overlapping concepts, but to binary options trading in general.
By selecting a South African signal provider or binary options trading robot which trades with only those binary options brokers which have withstood the test of time and provide the best possible service to their registered traders, is the union which stands a fair chance of bringing about healthy profits.
Our advice stands – traders should read broker review sites which offer advice and info on best binary brokers on the South African market.
The site also contains fantastic guides and strategies which can all help South African traders to expand their knowledge on the binary options trading process in general.
And in doing so, all prospective traders will also be able to grasp the basis of binary auto trading as well.
Customer Support and Education in South Africa
Successful binary options traders know to never underestimate the power of knowledge in binary options. There is no need to pay for expensive courses or colleges, as many good brokers offer quality educational materials. One of them is the popular and widely used 24option. On their platform, South African traders can find an entire section full of useful tips.
Another important thing to keep in mind is the professional, accessible and friendly customer support service.
When everything goes well, customer service is something the average trader doesn’t take into consideration, but if things go downhill it is important to have a good customer service to fall back on.
Customer service nowadays typically provides several different communication channels. Depending on the selected binary broker, South African traders can contact them via phone, email, live chat or skype.
Before making a deposit, traders should definitely test if the broker offers the satisfactory customer support service. Sometimes the customer service is available only in English, and sometimes in more languages, so South Africans have to make sure to check if they offer service in either their native language or in the language they understand and can communicate in.
Sometimes not even the best customer service will be able to solve a problem in record time, however good customer service will always give traders all the necessary information and support they might require.
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
|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
|Costa Media Interactive SRL||83%||Yes|
|Visit Broker 1
|MGA and others||$ 5||$ 5||100%||Yes|
|Visit Broker 1
#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
Minimum deal size of only $1 Get started with less than $25 (0.10 ether) Free demo account available! Built-in economic calendar Min. expiry time: 10 seconds Max. payout percentage of up to 83% 24/7 support
Spectre or „speculative tokenized trading Exchange“ is an Ethereum blockchain powered broker-less trading platform, which is completely decentralized. With the aim of bringing binary options trading into the blockchain realm, Spectre.ai offers a smart option on a lot of different investment options. This includes currency pairs, commodities, and even certain cryptocurrencies or fiat currency pairs.
The Spectre.ai platform aims to fully utilize the potential of the Ethereum blockchain along with smart contract functionality to create a comprehensive and effective online trading platform. The team behind Spectre takes great care when it comes to security, as all the trades performed on the platform are governed and processed using a set of audited smart contracts. As a result, every single trade, outcome, and pay-out is predetermined by the aforementioned set of smart contract. This results in increased transparency in the platform’s execution. The decentralized nature of the platform enables it to offer traders a seamless and secure trading experience, without the possibility of interacting with third-party brokers.
Spectre’s decentralized nature means that the platform’s balance sheet is owned by the Spectre token holders themselves and is not in the hands of any single centralized entity. In return, token holders receive a dividend based on Spectre’s trading volume at that time.
Note: Your capital is at risk
Minimum Deposit: 5$ 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
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
Welcome to our binary options portal! We pride ourselves to be the best Binary Options Trading Guide in South Africa. Here you will find everything you need to know about trading binary options.
Binary Options South Africa
We explain in detail how binary options work, we present you with a step by step guide and we provide you with the very best binary options brokers for South Africa traders.
Please find for further reading in the main menu to your right and further down this page youвЂ™ll find an introduction to binaries as well as lots of other trading related information.
What is Binary Options
Binary Option Definition
A Binary Option is a derivative instrument and a type of option where the objective is to predict if a currency (forex), a commodity, a stock share or an indices will move up or down during a specific time period.
With binary options you decide which underlying asset you would like to speculate with, set a time frame, decide the stake and then decide if you think the asset will be moving up or going down. If you are correct you will win a specified amount. If you are wrong you loose the amount that youвЂ™ve bet.
When trading binary options you can never loose more than what you have bet. Your bet is your investment. And you always earn a fixed payout should you make a winning trade. As the term binary implies there are only these two possible outcomes. A вЂќwinвЂќ, where you earn a fixed payoff or a вЂќlooseвЂќ where you loose the amount youвЂ™ve bet.
Binary Options Trading
One of the main benefits with binary options trading is that you always know before hand how much you stand the risk of loosing. Which means that your risk assessment is much easier with binary options than say with forex trading and trading CFDs.
The other main benefit of trading binary options is itвЂ™s simplicity. Forex trading has a larger potential payout. But the same is also true for the losses and trading forex is a complicated process. Binary options on the other hand is very simple in theory. The real challenge is, as with forex trading, to predict the movement of the underlying asset. And though this might look easy enough at times, in reality it is not. It takes a lot of investigating and keeping track of all the variables that influence the asset.
But if you do your homework and study your assets, the theory of trading binary options will not stop you from making money. HereвЂ™s how it works.
How Binary Options Work
Trading binary options is quite simple. We will guide you to the process with a step by step guide to binary options trading.
Binary Options Trading – Step by Step Guide
1. Choose your Underlying Asset
You can choose from a vast variety of different underlying assets. The assets are divided into four categories:
Currency pairs is the most popular asset when trading binary options. You can choose from a wide variety of currency pairs, including the majors EUR/USD, GBP/USD, USD/JPY, CHF/USD and several other combinations with CAD, AUD, NZD, MXN, SEK and others.
Some brokers do also offer binary trading with the South African Rand – the ZAR. EUR/ZAR and USD/ZAR are available for trading in South Africa with these binary options brokers.
Commodities is another popular asset. Trading gold, oil, copper, silver, coffee, wheat, sugar and many other commodities is an exciting part of binary option trading
Mostly this refers to stocks listed on the major stock exchanges in the United States. You can trade stocks like Google, Apple, IBM, BMW, BP, Facebook, Netflix etc at most brokers.
But also smaller stocks listed in other countries can be found depending on which brokers you choose for your trading.
Major stock indices like Nasdaq, S&P 500 and Dow Jones (DJIA). But also stock indices in other countries are available like NIKKEI (Japan), DAX (Germany, DJ UK (United Kingdom) as well as South Africa 40 (JSE) and many others.
2. Set your Timeframe
With binary options you have a wide selection of different timeframes. And the exact amount depends on which binary broker you trade with. The most common time fram is 5 minutes. But you can also trade with timeframes of as low as 60 seconds or 2 minutes. Or, if you prefer longer time frames, thereвЂ™s 10 minutes, 20 minutes, 1 hours, at the end of the trading day, several days up to weeks and even months.
3. Decide the Size of Your Bet
Here you decide your stake, meaning, how much you want to bet. The minimum and maximum bet depends again in which broker you choose, but usually the min bet is somewhere between 1 USD up to 25 USD. The max bet however can vary a lot depending on which binary broker you choose, it can be 3000 USD or it can be as high as 100 000 USD depending on the broker.
Once you decide how much you want to bet you will also directly see the potential profit, your вЂќwinвЂќ. So, the entire risk with one single trade is the size of your bet, your stake. The outcome is always twofold, either you loose your stake or you win a fixed amount. This is one of the reasons binary options are so popular.
4. Decide if you think the asset will go up or down – Call or Put
If you think the price of an underlying asset will go up, the you choose a Call Option. This means that you think that the price after the timeframe that youвЂ™ve set will be higher than at the time of purchase. Call options are sometimes also referred to as Buy options.
If you think that the price of the asset instead will go down, then you choose a Put Option. This then means that you think the price after the timeframe will be lower than it was at the time of purchase. Put options are sometimes also referred to as Sell options.
Different Types of Binary Options
There are a couple of different options when trading binaries. The most common one is the classic binary option, also sometimes referred to as Over/Under, and that is the one used for the step by step guide above. But lets explore the variety.
This is the classic binary option and the one usually referred to when using the term binary option in general. Here the objective is to decide wether an underlying asset will go up or down during a specific timeframe.
The objective here is to decide if an asset will reach a certain price during the timeframe. If the asset reaches the price, even if only for a few seconds, the one touch options pays out.
Pairs is a type of binary option where two underlying assets compete against each other. The most common pair option is Gold vs Silver. Here the objective is to predict which of the two assets that will perform the best during the timeframe.
A classic binary option (over/under) with longer time frames. The time frame can be everything from вЂќthe end of the business dayвЂќ up to several days, weeks or even months.
A classic binary option (over/under) but with shorter time frames. Here the time fram can be as short as 60 seconds or longer as in 1 minutes, 2 minutes or 5 minutes or even 10 to 20 minutes up to an hour.
A ladder options is a slightly more complicated binary option. Here you can choose several levels for your underlying asset. A ladder option works in a similar way as with odds in betting. Less likely outcomes holds a higher payout and more likely scenarios provides a lower payout.
Depending on the volatility on the market you and which levels you choose you can affect the size of your payout. With higher payouts, naturally a higher risk will follow. But the risk is still limited to your stake and a ladder option is an interesting alternative for a trader looking to increase the odds.
Binary Brokers South Africa
When trading binaries you need a broker. And this broker needs a license for trading financial instruments in South Africa. We have collected the best binary brokers for South Africa here. And on this page you will also find a more thorough explanation of what to look for in a broker. But we will present the main points right here.
1. Make sure the broker is fully licensed.
This is the most important point. The legal situation in South Africa is that trading binary options is indeed legal but not yet regulated. So, to make your trading safe you have to find a broker that is fully licensed for trading binary options and that also have a license for offering their services in South Africa.
Now, we have done this job for you. But in the end its your responsibility to make sure of this. So, always make sure to check the license ot the broker site before signing up. That said, all brokers presented on this page are licensed and regulated to trade binary options and to offer their services to clients living in South Africa. Meaning it is indeed legal and you will be trading with a licensed broker.
2. Which underlying assets are you planning to trade
If you are looking to trade the most common assets like the major currency pairs or most common commodities like Gold and Oil this is not the main issue as basically all brokers provide this service. But if you are interested in trading not so common assets, as for instance the ZAR, then make sure that the broker offers this specific asset. A list of assets can be found at the broker website.
3. Binary Options Platform
This is the software where you will make your trades. A good binary platform is easily understood and you can make your trades knowing the payout (both percentage and actual payout). You also want to be able to follow the price of the assets you which to trade. You want highs and lows and of course a graph where you can follow the movements both live and historically.
If youвЂ™re new to binary options trading this is an important factor. A good educational program explains binary options and also presents and explains the binary platform. Most educational programs are free once you create an account. So, this is actually a smart way to also evaluate a broker – create a free account and check out the educational material. if you like what you see, this might be the broker for you.
5. Customer support
This is also an important factor. A good broker has a great customer support. You are the customer and if you feel that you are not taken care of properly, itвЂ™s time to change broker. We have tried out the customer support of every single broker on this site. And all of them passed. But, things can change and itвЂ™s also somewhat an subjective opinion. So, itвЂ™s not a bad idea to make sure for yourself.
6. Signup bonus
DonвЂ™t stare yourself blind on the bonus offer. Longterm this holds no real value as the other factors are far more important. But that said, a good signup bonus is still a good signup bonus. So, if itвЂ™s there use it wisely.
Risks With Binary Options
As mentioned before, with binary options you can never loose more that you have put into the bet. Meaning your stake is your entire risk. This makes binary options a very clear and controllable way of speculating. That said, obviously there are risks also with binary trading.
The most common trap that beginner traders fall into is that they think, due to the simplistic theory of binary options, that itвЂ™s easy to make money. ItвЂ™s not. Everyone can get lucky sure, but to be successful longterm you have to do your homework and base your decisions on a well thought out strategy.
Never trade for money you canвЂ™t afford to loose and always have a well thought out plan for every trading session. And stick to it. Always. If you can stay true to these simple guidelines you have a good chance of becoming a successful trader.
|IQoption offers a complete binary option service, solid education and is a very popular choice amongst binary traders|