Top 10 Binary Brokers South Africa ¦Reliable Binary Options Brokers

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!

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
Spectre.ai Review
Costa Media Interactive SRL 83% Yes
Visit Broker 1
Binary Review
MGA and others $ 5 $ 5 100% Yes
Visit Broker 1
Binomo Review
CROFR $ 10 85% Yes

#1 IQ Option

Overview:

    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

#2 Spectre.ai

Overview:

    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.

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!

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

#3 Binary.com

Overview:

    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

#4 Binomo

Overview:

    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

Best Binary Brokers for South African Traders

With each day, binary options industry is increasing and more brokers are appearing on the market. Nowadays, there are most likely hundreds of binary of binary brokers present in this industry.

For this reason, it is very important to find a trustworthy binary broker with a secure trading platform. A reliable binary broker and secure trading combined together are the essence of successful binary options trading. To achieve that, traders in South Africa should read our broker reviews to gather more information on what particular broker offers on its trading platform.

You have to keep in mind that choosing reliable binary broker, you will be able to have a positive and profitable binary options experience.

Awarded brokers in South Africa.

Best Brokers

  • Broker
  • Min. Deposit
  • Min. Investment
  • Regulated
  • Trade Now
  • Broker Review
  • *Amount to be credited to account for a successful trade.

    Competitive World of Binary Options Brokers

    As mentioned above, if you are new to binary options trading, it is not so easy task to distinguish trustworthy broker from scam one.

    Below, you can read more detailed by which features you can see you are dealing with trusted trading platform. We would like to emphasize that you should be careful when choosing what sources are to be trusted. We mentioned that reading broker reviews are excellent start.

    Also, traders can read previous experience of traders who have invested with particular binary broker. But, you should be aware that maybe those traders whose statement you have red, are not objective. Let’s say that trader joined some trading platform and lost its money due to bad trading choices and poorly chosen strategy. And afterwards, that person writes a bad review, saying how broker is scam etc.

    For this reason, it is recommended to read objective reviews, based on objective overview of a particular binary options brokers and realistic evaluation of its trading instruments and provided services.

    On our list of best binary brokers, you can find those who are reviewed and determined they are no scam in binary options industry. In case we find out that a broker doesn’t conduct transparent business or he doesn’t give South African traders their funds back, we will blacklist them and not promote them on our site.

    Trading Features of Best Binary Brokers South Africa

    On our website, you can find a whitelist of trustworthy binary brokers available on financial market. Here you can find some features that distinguish reliable binary brokers from scam in binary options industry.

    Secure Trading Platform

    Security is the most important segment in binary options trading. With safe trading platform, processes such as deposit and withdrawal are fast and secure, and that is what means the most for South African traders.

    Majority of brokers give their best in providing high level of security to their traders in order to keep confidential personal data.

    Transparent Binary Options Business

    You should always keep in mind that reliable brokers have clearly stated terms and conditions of their business on their site. Such conduct brings more confident that a particular broker is to be trusted because it has transparent rules and features available for all traders to see.

    Information, such as address of broker’s company, bonus rules and other company details should be clearly stated on this broker’s site.

    A Wide Selection of Trade Options and Underlying Assets

    When a broker has a variety of available trade options and assets to trade with enables traders to have a bigger choice when trading binary options. Traders in South Africa can place trades in stocks, commodities, currencies and indices.

    Trade options, such as 60 Seconds, High/Low, One Touch, Ladder Options are just some of the most popular ones in the trading platform. With wide range of different binary options, traders have on their disposal a lot of trading possibilities.

    Binary Options Customer Support

    When trading binary options, South African traders prefer a broker who offers a quality and up to date customer support. Trustworthy brokers try to provide traders with more than once communication option. This way, it is in mostly cases possible to contact broker through email, live chat and telephone number.

    Several brokers it is possible to reach via Skype also. If customer support is quality, traders are ensured that customer agents will assist in through each step in binary options trading. In case of any obscurities, traders can contact them if they have questions regarding available trade options or what payment methods can be used when withdrawing funds.

    How to Choose Binary Options Brokers in South Africa?

    Choosing safe and reliable binary broker is the most important factor in binary options trading.

    With many binary options brokers available on South African market, traders can select preferred one according to trading instruments and features these brokers provide.

    In this article, we will cover all relevant elements of trusted binary options brokers in South Africa.

    Traders can get clear overview of the most important segments of successful trading and how to choose the right broker with whom traders will be able to achieve high payouts in binary options.

    If you want to trade with a regulated broker, definitely try IQ Option – the most popular broker in South Africa!

    Importance of Binary Options Brokers in South Africa

    South African traders can experience profitable binary trading journey with trusted binary options broker present on South African. Here on our list of binary options brokers in South Africa, traders can find many brokers who accept South African traders; some are CySec regulated while others are not.

    However, it is important to note that we pay a lot of attention on Binary Options South Africa to promote only trustworthy brokers. This way, our readers can avoid scam and unpleasant trading experience.

    Regulation Status

    As mentioned above, South African traders can choose whether they want to trade with regulated broker or not. Regulation is not obligated and binary options brokers in South Africa can decide do they want a regulatory licence or they think it is not necessary. For more on regulation of binary options in South Africa, read our article here.

    Brokers, such as Banc de Binary, 24option, Daweda Exchange, Opteck and IQ Option are just some of regulated brokers available for South African traders.

    CySec stands for Cyprus Securities and Exchange Commission and its licence ensures investors to have a safe trading experience and they provide brokers a set of rules and regulations that they have to follow.

    CySec supervises and monitors business conduct of regulated brokers and pays attention of their behavior in relation with investors.

    Traders should know that it does not mean that unregulated brokers by default are scam. because that’s not the case. As stated above, regulatory status is entirely up to the broker and their goals and vision.

    These brokers are trusted ones and present on South African market for a long time ago without any negative reports. Therefore, we strongly recommend traders to carefully read all broker reviews and see what types of trading tools and features these brokers offer and based on that, select preferred trading platform.

    Terms & Conditions

    In binary options trading, as an online investment, safety is the main thing most traders are interested in. This is why it is very important to wisely choose trustworthy broker with whom traders can have positive experience from the start.

    Often traders wonder, is there a way how to spot right away is particular broker a scam. We advise our readers to invest little more effort into checking the review and their site to get a whole picture of the platform. But to start, traders should first check broker’s terms and conditions.

    Today, a lot of traders just click Accept and don’t even read terms & conditions of a specific broker and we find this as a big mistake.
    That is because terms and conditions should provide traders a complete and detailed information on available trading features and instruments. By not reading it carefully, South Africans can miss on the important segment of trading process.

    In case traders have any questions after reading terms & conditions, the best thing would be to contact their customer support and get needed explanation.

    Customer Support and Education

    While choosing best binary options brokers in South Africa, customer support service is one of the main features important for successful binary trading process. Having up to date customer support, South Africans can get needed information during trading process, from how to deposit and withdraw funds to what tools and features can be used.

    Brokers, such as StockPair offer various ways of how traders can get in touch with them, including email, live chat, web form and phone. Depending on the broker, customer support is available on other languages, besides English.

    Easily reachable customer support is significant in the trading process, especially for new traders who lack experience and who have a lot of questions regarding binary options trading.

    Education Center is also considered as one of the main elements in profitable binary trading. While selecting preferred trustworthy broker, traders should keep in mind that a variety of education materials is very useful for registered traders.

    With the help of Education Center, South Africans can learn more tips and tricks about binary options and be few steps closer to maximizing profit.

    Brokers, such as Opteck have an exquisite Education Center where traders all levels have access and can benefit from it. These education materials cover both relevant topics and strategies for beginner trading and advanced trading. This way, all levels of trading knowledge is completely covered.

    Education materials include features, such as ebook, market news, economic calendar, different graphs and charts, numerous short term and long term strategies, guide articles etc.

    How to Deposit and Withdraw?

    Both deposit and withdrawal process are very important when selecting best binary options brokers in South Africa. Brokers who have unclear terms and conditions and bad reviews are not good choice to pick.

    Trustworthy binary broker will list available deposit and withdrawal methods and provide detailed information for deposit and withdrawal procedure.

    To get access to trading platform, traders first have to register. Each trusted broker will ask for few documents to confirm identity of the traders.

    Scam broker often don’t pay attention to the procedure and later on, traders may experience bad business conduct while withdrawing funds. These documents are: copy of photo ID, proof of address and copy of credit card, if it’s going to be used in the trading process.

    Reliable brokers from our broker list, use highly developed system of security, such as SSL encryption technology. Brokers who promise traders payouts right away should be taken with good watch.

    Usually, it takes few business days from the time when broker receives and confirms withdrawal process to the time when money arrives on traders’ account. It can take up to 5 business days, with most brokers.

    But to be absolutely sure, it all depend on a particular broker and chosen account type, since each account type has different characteristics.

    Trading Features and Services

    When choosing the best suitable broker, traders in South Africa should pay attention to what trading instruments and features are available. Reliable binary options brokers in South Africa offer many different services and trading tools to be used during binary options trading.

    They include demo account, a variety of assets, trade options, number of trading accounts, mobile application, bonuses etc. All these features can be of great help while trading and if used properly, can lead to a high payouts in binary options.

    Brokers offer South Africans a wide selection of different assets, including stocks, currencies, commodities and indices. By offering a lot of assets, traders can diversify and trade with different assets on different markets to increase chances of winning. One of benefits broker offer traders in South Africa is bonus.

    Bonuses serve as great way to maximize profit in a way that they motivate traders. They may come as welcome bonus or redeposit bonus. Bonuses are not obligatory and they usually come together with a bonus terms that require a bonus turnover. It can be 20x or 30x and only after that, traders can withdraw their funds.

    Also, trusted brokers offer a set of short term and long term trade options, such as 60 Seconds, High / Low, Boundary, One Touch, Ladder etc. Combined with them, traders need time of expiry and they can choose among those that expire in 60 seconds, hours or up to 150 days. All these depend on the particular broker and its trading platform.

    Demo accounts and mobile app are one of the most popular features in binary options trading.

    Trustworthy brokers, such as 24option, IQ Option and many more provide these services to their registered traders. With mobile app, traders can trade from anywhere and invest not only via computer, but on tablets and smartphones as well. They can get the app via Google Play or App Store.

    Demo account is a very valuable service that has a lot of benefits. Demo is mostly used by traders beginners because it allows traders to test the platform for traders to get the touch of how real trading will look like. Both 24option and Banc de Binary offer demo to their traders.

    On demo account, there is no risk involved since brokers ensure traders with a specific amount of virtual money. This is a great way for traders to trade with different assets and use strategies with no risk. The main goal is to practice and gain more trading experience for later on to invest in real account type and start profiting.

    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!

Like this post? Please share to your friends:
How To Start Binary Options Trading 2020
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: