Best Advice on Binary Options Earning Potential in South Africa

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

Binary Options Trading in South Africa

As Africa’s second largest economy, South Africa is one of the most important markets for binary options trading in the region. With a developed infrastructure, an established middle class, and a currency that affords both stability and global competitiveness, the nation is seen by many as the gateway to the continent’s largely untapped investment markets.

Overview

South Africa is a powerful and prosperous economy. Second only to Nigeria in terms of African Gross Domestic Product (GDP), South Africa has cultivated an affluent middle class. The growth of personal wealth has led to an increased appetite among private individuals to invest their money in products that provide greater returns than a cash savings account. Understandably, interest in binary trading has grown considerably in recent years.

Because South Africa is one of the continent’s leading economies, it is seen as an appealing marketplace from which entrepreneurs can launch their enterprises across the whole of Africa. For binary options brokers, this has meant tailoring a service that will most readily accommodate South African clients. Today, nearly every international broker is able to provide facilities for South African clients to execute trades with, and – while international firms, rahter than domestic brokers, dominate the market – binary options trading in South Africa is a growing industry.

The Best Performing Brokers in South Africa

It is expected that every broker should be fully licensed, and conduct its business in an open and honest fashion: that is the barest minimum. But to achieve a recommended status, a broker has to demonstrate additional value in their own services over their rivals’. Our top brokers are selected for their strengths in key areas: the responsiveness of their customer service, the usability and features of their online trading platforms, and the potential earnings on investments that are available to clients.

Every brokerage is constantly improving their own services for existing clients, and increasing their value offering for new investors. Due to this constant evolution, it is likely that some of the specific details in our reports will change over time. Al features and services are described accurately at the time of publishing, however.

Veterans in the binary options industry
BD Swiss review

As part of the TechFinancials group, Option Fair legitimised its claim to being among the most innovative trading platforms when it became the first publicly-traded binary options broker on the London Stock Exchange, in 2020.

Using Tech Financials’ own proprietary binary options trading platform, and regulated by CySec, Option Fair provides secure, high performance facilities that suit the needs of advanced and novice investors alike.

The company landing page heavily promotes its 100% return on successful investments. However, with a $2.50 fee levied against all trades – even those which result in a zero return on investment – the actual figure is somewhat lower, in real terms.

The fixed-value fee encourages clients to execute fewer trades, at higher values – thereby minimising the impact of the charges over time. To accommodate this strategy, trading limits on Option Fair are relatively broad: while the minimum initial stake is $10, a maximum single investment of $15,000 permits investors to reap healthy returns which more than justify the initial fees paid to access the market.

With binary options contracts available to purchase in more than 250 underlying assets, and all major foreign exchange (FX) currency pairs, BD Swiss is one of the most versatile trading platforms for South African investors to choose.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

The site uses the SpotOption trading interface, which will already be familiar to many veteran traders. BD Swiss also provides support for a number of mobile trading apps, for investment on the move – and in the preferred environment of the individual trader.

We found the site very easy to navigate, and account creation was fast and intuitive. With a minimal amount of personal information required, plus a below-average initial deposit requirement of $100, we were able to execute our first trade within a matter of minutes.

Contracts are relatively flexible, with the account holder free to define multiple parameters and trade types. The initial stake can be set as low as $10, or as high as $1,500, and the maximum yield from any individual contract is 85% of the investment. These generous limits allow traders of all experience levels to use BD Swiss to match their own trading strategies: from minimising early losses, to maximising returns on expert investments.

One of the larger enterprises available to South African traders, 24 Option has been operating online since 2020. While primarily focused on the European market from its headquarters in Cyprus, the international arm of the company is domiciled in Belize and receives oversight from the International Financial Services Commission (IFSC) of Belize. It is via the Belize branch that South African investors will execute their own trades.

24 Options allows account holders to invest their money in binary options and CFDs, as well as foreign exchange trading in most of the primary currency pairs.

Binary options contracts can be bought for a minimum stake of $24, with a generous upper limit of $100,000. Combined with the top bonus per trade of 89%, the earning potential on an individual contract is substantial. However, with limited stop-loss and call option facilities on trades, 24 Option remains a less forgiving trading environment for new investors.

24 Option permits a range of trading conditions, and speculation on more than 100 underlying assets. As such, contracts are flexible, but do not provide the greatest versatility in today’s market.

For an initial minimum deposit of $250, account holders can access a free demonstration account and begin trading on the new Scipio trading platform within minutes, without risking any of their starting balance until they have gained confident with the system. The site also hosts free educational webinars on trading strategies on a semi-regular basis.

How To Invest in Binary Options in South Africa

As the name suggests, binary options trades are investments for which there are only two potential outcomes. Usually, these are trades made against the value of an underlying commodity. In this instance, the two possible outcomes may be that commodity either rises in value, or falls, over the course of an allotted time. Equally, the investor may speculate that the final value will fall within a certain price spread, or will touch a specified price point at least once within the duration of the contract.

In each of these examples, the trader’s speculation either occurs, or it does not. Should the terms of the contract be met within the allotted time, the trader will receive a return on their investment. If the terms are not met, the trader is likely to forfeit some, or all, of the initial stake. The conditions and rate of return are stipulated when the contract is formed, making binary options trading a very open and transparent method of speculating on financial markets.

Many brokers will offer advanced trading features that allow increased freedoms for the investor. These may include flexible contract durations, the ability to terminate contracts early within favourable conditions for a reduced profit, or the option to recoup losses should market conditions become unfavourable. Every brokerage will provide its clients with a different range of trading conditions, and it is these options which will form the basis of many investors’ final choice of broker for their own investments.

The binary options industry of South Africa currently resides in a state of complex legal limbo. While by no means illegal, there are few statutes which actively govern the industry. This is perhaps partly due to the relative youth of the industry – these forms of sophisticated, online investments were not technologically viable even twenty years ago. Yet at the same time it would not be unfair to say that South African financial authorities have been slow to react to the growing significance of the binary options industry.

As such, binary options contracts receive no form of regulation by either the Financial Services Board of South Africa (FSB), nor the Financial Advisory and Intermediary Services Agency (FAIS). As a consequence, it is currently not possible for a brokerage to obtain licensing or accreditation from South African regulators, simply because no such regulation exists.

However, it would be incorrect to assume that the present situation makes binary options trading an illegal activity in the region. In fact the opposite is true, and all citizens of South Africa over the age of 18 years have the legal right to invest in binary options contracts online. The lack of government regulation of the industry simply means that it is not possible for a trader to hold an account with a broker domiciled in South Africa, at present.

The legal rights and responsibilities of binary options traders in South Africa are therefore the same as every other investor: clients must comply with the terms and conditions of the brokerage with which they hold an account, as well as with the local laws of their own nation in matters concerning the movement of cash when depositing funds or withdrawing earnings.

Withdrawing and Depositing Funds

Residents of South Africa who choose to trade in binary options are unlikely to face many obstacles when attempting to add funds to a trading account, or withdraw their earnings. Today’s consumer has expectations of easy payment methods for all goods purchased online, and this has allowed digital transaction services to evolve. Virtually every online broker will accept payments made via major credit cards and bank transfers, as well as from a number of established e-Cash solutions.

South Africa has, in particular, benefited from certain regional factors in relation to E-cash. With a relatively low percentage of African citizens having access to a private bank account, the E-cash industry has performed particularly well throughout the continent – especially within less developed economies. As such, South African investors already enjoy access to any number of payment systems which may be used to fund a binary options trading account.

Every broker will employ a different policy for their money transactions. It is not uncommon for brokers to stipulate a minimum deposit to be made before an account holder can execute their first trade, for example. The amount required to meet this minimum is set by the brokerage however, and may vary significantly from just $10 to several hundred US dollars.

It is also a common policy for brokers to only permit withdrawals of earnings via the same payment method as was used to make the initial deposit. This is seen as the most efficient means of tackling money laundering activities. Account holders must consider both the terms and conditions of their trading account, as well as the specific laws of their country of residency before trading or transferring money in any form.

In Summary

At present, binary options traders who reside in South Africa are most likely to employ the services of an overseas broker when executing trades. While some traders will see this as a disadvantage, they are unlikely to experience any difficulties using an international service in terms of legality or security.

The lack of a domestic binary trading industry does produce some obstacles for South African investors. Despite the relative strength of the local currency, our investigation was unable to identify any brokerage which offered both a top quality, internationally competitive service, and the facility to deposit currency in the form of Rand (ZAR). Because of this, virutally every payment method will leave South African investors exposed to both a currency conversion fee, and the compound expenses associated with fluctuations in the value of the Rand on the forex market.

Although this situation is hardly ideal, it is a relatively minor concern – and one unlikely to deter any but the most timid of investors in the region. Equally, the first broker that is eventually able to facilitate deposits in South African Rand is likely to win a favourable stake in the continent’s burgeoning binary trading market. For this reason, it seems likely that a domestic brokerage may emerge sooner rather than later.

Binary Trading in South Africa: at a glance

  • A wealth of competing brokers lets traders select the right trading platform for them
  • Fund investments through any of the most popular bank, card, and digital payment services
  • Investors’ accounts and activities overseen and protected by local financial law
  • One of the fastest, most accessible methods of trading on the internet
  • Potential for experienced investors to realise significant earnings on their investments.

24Option – Best Broker for binary options in South Africa

How to Master Binary Options Trading?

Binary options are a new way of online trading, where traders are able to participate on financial market and earn money in the short period of time, thanks to numerous trading services.

Trading binary options is also widespread in South Africa and gathered a lot of people interested in this new investment type.

When thinking about investing in binary options, South Africans want to know how to master binary options trading and maximize profit. This industry enables traders to invest in a wide range of different assets, such as stocks, commodities, currencies and indices.

South Africans can also choose whether they want to invest in options for short time or long time, with different expiry times, ranging from 30 seconds to even 150 days. These features depends on selected broker and their trading platform.

Trading binary options is actually simple and South Africans have to determine will price of an asset rise or will it fall in a predetermined period of time. To be able to accurately predict price movement of a specific asset, it is recommended to read market news and follow market trends. This way, traders will have more financial knowledge and will be able to execute trades on a profitable way.

Having better understanding of essential factors in binary options trading is crucial for its success. For example, traders who understand how strategies differ, differences in time frames and possibility to use trading signals are valuable assets to have.

Once South Africans get more detailed information about different features and trading factors, chances for profitable trading journey becomes bigger than before. This is definitely one of the ways how to master binary options trading.

To know more on how to master binary options trading, below is a list of the most important steps that can lead to a successful trading process.

Choose the Right Binary Broker

We find this step as the most important one in order to master binary options trading and earn money, while doing so. There are over 350 brokers present in binary industry and it might be confusing from where to start and how to select a secure trading platform.

Our advice is to read as much broker reviews in order to get more information regarding specific broker and available trading features.

When traders check broker site, they should be able to get valuable info regarding how to deposit/withdraw, what is bonus policy, available trading accounts and what trading instruments and services does particular broker offer.On our broker list, traders from South Africa can know more about trusted brokers who operate on financial markets and accept South African traders.

Asset Types

Selecting a type of underlying asset is also one of important segments to learn how to master binary options trading. It is possible to place trades in different assets, which are: currencies, stocks, commodities and indices.

When selecting what asset to choose, traders should keep in mind that there are external influences which might affect a particular asset, such as weather disasters, war or political situation.

Such things might happen and this is why traders should first determine if they prefer riskier trades or one with less risk and according to their preferences, select an underlying asset and make a deposit.

Understand Potential Money Gains

In binary industry, there are few elements that caught the traders’ eye immediately when looking at the broker list. These elements are amount of minimum deposit, maximum returns and what is minimum investment to start a trading process.

A lot of trustworthy brokers, such as Banc de Binary, 24option, StockPair, IQ Option and many more, offer returns up to 92%, which is very attractive to traders who invest in binary option.

To master binary options trading, it is important to have a plan in what assets to invest and what type of trade options to choose (short term or long term).

Possibility of Early Exit

Some brokers offer early exit option that can be used before an option expiries. Most traders will wait until asset expiry time is achieved, but in case of awareness that a specific asset might go in opposite direction, traders have possibility to select an early exit.

Traders who are convinced that if they wait they will lose, they choose early exit and get payouts of a particular asset when it is still on winning tracks. This is yet another step how traders can master binary options trading.

Education Materials

Understanding of education guide tips and materials can largely contribute to better results and are considered to be the line that distinguishes inexperienced traders from professional traders in binary industry.

While reading broker reviews, South Africans should pay attention if a particular binary broker provides Education Center to enable traders as much more information regarding trading binary options.

To master binary options trading and get high payouts, traders can use various trading tips and materials, which are displayed in FAQs, ebook, and guide articles.

FAQs are usually consisted of several key elements, such as how to deposit and withdraw, how to trade and how to contact a broker. Also, South Africans can use economic calendar and webinars if these education materials can be found on broker trading platform.

10 Tips for Binary Options Trading

Are you interested in binary options trading? If you want to see why binary options industry gained great popularity among South Africans in the last couple of years, you have come to the right place.

This article will provide you useful tips on how to trade binary options successfully.

Below in this guide, you can find information that can be significant for all traders, especially for inexperienced traders.

Trading Tip no. 1: Find a Binary Broker that Suits You

It is easy to get seduced by flashy banners and great promises. On the other hand, traders can read many reviews and be left confused – they all sound great and legit! Some traders might even ask for an advice on an internet forum.

Keep in mind there is no unique solution. Try to determine your needs and only then do a research. Maybe you want a great selection of assets, and maybe you prefer a smaller amount of assets with greater platform accessibility. Whatever your criteria is, it is important to stick to it and be reasonable and focused when selecting a broker.

Trading Tip no. 2: Select an Account that Fits Your Needs

It is completely understandable that traders want to start with smallest deposit firs. This gives them the opportunity to check out the platform and test the broker, but the low initial investment cannot bring great profit.

Most binary brokers offer interesting account types that are created to suit needs of different types of traders. After you have grown out of the basic account make sure to review your results and change the account type if needed. More expensive accounts usually have a wider selection of benefits.

Trading Tip no. 3: Write a Trading Diary

Diary sounds so old-fashioned, but fast-paced trading that is often present in binary trading often creates confusion and makes traders forget how and when they traded. The binary trading diary can be manual or in digital form. You can even use trading history that is available as an interesting feature on many trading platforms. Revisit it every now and then and se what trades are lost. Are you maybe better at trading commodities rather than trading currencies? Without an overview over your trades you will probably never know.

Trading Tip no. 4: Try Binary Signals and Binary Robots

It is in human nature to believe we are the smartest. This often leads to losses, as high slef confidence can lead to overtrading – one of the deadly sins in trading. If you want to double check your predictions, take advantage of binary trading software and binary trading signals. These services help traders navigate complicated waters of financial analysis and allow them to place trades according to latest trends, delivered by the algorithms.

There is little difference among binary software and binary signals nowadays, as they are usually free and deliver live trades.

Trading Tip no. 5: Have a Trading Plan

Just like you should have a trading diary, you should have a trading plan. This means that you should know how much money you have at your disposal and where you will invest it. Trading plan is great for setting personal limits. You can also set goals you want to reach and list steps required to realize them.

Keep in mind that trading is something that should not be taken as a gamble or a game, as there is real money involved and binary trading plan allows you to stay focused.

Trading Tip no. 6: Use Binary Trading Tools

Binary brokers now offer a whole set of tools on their platforms. Indicators, tools, charts – all this is available to the average trader. It is easy to forget they exist as there are trades to be placed. However, with a little bit of knowledge, these indicators can be used for your benefit.

Different indicators and tools applied at the right moment can be the key to more lucrative trading. Even if you have some trading experience, never rely solemnly on your knowledge, but include additional checking points.

Trading Tip no. 7: Get Proper Education

When we mention ‘education’ many traders think about expensive colleagues, business schools, and courses, but they are not a necessity. There are many free alternatives. For example, here on binaryoptions.org.za traders can read free articles about different strategies and topics from binary options trading. Most brokers also offer free webinars, reading materials, videos etc.

Keep in mind that sometimes the more expensive account, the more educational materials you will be able to get. If the education is your priority, and it should be, have this in mind when selecting both the broker and trading account type.

Trading tip no. 8: Research Payment Options

Make sure to understand that not all deposit and withdrawal options are made the same. This binary trading tip is very useful, as traders often get surprised by a number of fees certain payment methods are applying. Before deciding upon a method, research fees, and time needed to see money on the selected account. Also, make sure what the fee rates for making a deposit via your favorite method. Fees and additional costs can simply ‘eat’ your profit, and if we include conversion rates – it is easy to understand why this binary trick saves you money.

Trading Tip no. 9: Know When to Get Out

Many binary brokers offer you to sell the binary options that seem unprofitable. Of course, you don’t get the entire amount, but a respectable percentage. There are still traders who believe you should never sell your trade back to the broker, and such opinions lead to losses. Don’t think you are always right, and utilize the chance to get out when you can. This will help you reduce losses and manage money in the more efficient way on the everyday basis. Don’t let your ego stand in the way.

Trading Tip no.10: Take Trading Seriously

Binary options trading is not a game, a gamble or just a lovely waste of time. Real money is invested and traders can lose it, so there is no reason to believe the luck is on your side every step of the way. Understand what you are getting into, read Terms and Conditions and try to approach binary trading as you would any other form of investment. There are traders who are successful, and those who aren’t, and understanding how binary trading really works can make or break your budget.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
    Get a Sign-Up Bonus Now!

  • Binomo
    Binomo

    2nd in our ranking!

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