Top 10 Binary Options Sites South Africa ¦Reliable Binary Options Trading

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

Top Binary Trading Sites for South African Traders

To trade binary options in a safe way, it is necessary to have a reliable broker service. Selection of trustworthy binary options broker opens door to get benefits from different features of binary options trading.

Reliable binary brokers listed on binaryoptions.org.za offer their traders in South Africa a wide selection of trading services and many useful features that traders can use during trading process.

Our top binary trading sites have great reputation in binary options industry, fair policies and secure trading options. For South African traders, here is the list of top rated sites that are giving distinctive trading features.

Awarded brokers in South Africa.

Best Brokers

  • Broker
  • Min. Deposit
  • Min. Investment
  • Regulated
  • Trade Now
  • Broker Review
  • TOP 5 Binary Options Trading Sites

    We have shorten the list of top 5 binary trading sites popular in South Africa. These binary brokers are: Banc de Binary, 24option, IQ Option, AnyOption and Opteck.

    Shorten version of broker’s trading feature, you can find below in the text.

    Banc de Binary in South Africa

    Banc de Binary is one of the leading binary brokers in the industry, online since 2009.

    In the past few years, they have proven to be a reliable broker who offers top notch trading services to all their traders worldwide, including South Africa. Banc de Binary is a regulated broker with CySEC licence, with registration number 188/13.

    With Banc de Binary it possible to achieve maximum bonus of 90% with minimum deposit amount of $250.

    24option in South Africa

    24option is also a regulated binary options broker who offers its trading services to South African traders. Present on binary market since 2020, this broker provides traders with high payouts up to 89% with minimum investment of $24.

    Their reliable trading site uses TechFinancials as preferred platform. 24option provides their South African traders with numerous different trading training sessions and materials that traders can use during trading process. This is useful for all levels of trading knowledge, but especially for traders beginners.

    With a wide range of trade options and underlying assets, it is no wonder why this broker is one of the most popular brokers in binary options industry. Deposit and withdrawal are secure and fast and it is additional satisfactory reason of South African traders when choosing preferred binary options broker.

    IQ Option in South Africa

    Established in 2020, IQ Option is available on South African market. This broker is regulated by the regulatory body CySec, with licence number 247/14.

    IQ Option developed own proprietary custom-made platform for traders in South Africa to experience simple and profitable binary options trading experience. Minimum deposit is just $10, while returns can go up to 92%.

    Both deposit and withdrawal process are safe and protected so South Africans don’t have to worry will funds be protected. Traders can use a wide range of offered services, such as IQ Option mobile app and demo account. These services can be out of great help for inexperienced traders who are new to binary options trading.

    AnyOption in South Africa

    AnyOption is one of the first binary brokers, appeared in late 2008. This brokerage company is operated by Ouroboros Derivates Trading Ltd.

    With AnyOption, South African get secure trading platform, since they obtain CySec licence, reg.no. 187/12. It is important to mention how AnyOption is also regualated by FSB (regulatory authority in South Africa); reg.no. FSP 42020.

    AnyOption uses proprietary platform with a selection of different features and trading mechanisms that could serve as great way for traders to maximize profit. Minimum deposit is $250, with lowest investment of $25. Traders can get up to 80% return on AnyOption platform.

    South African traders can find out how to trade with bubble options and with many more features available. In case of any questions, traders can contact customer support, which is available 24/7.

    Opteck in South Africa

    Online since 2020, Opteck offers South African traders a safe and secure trading proprietary platform with multiple trade options and tools. Opteck is CySEC regulated broker with registration number 238/14.

    This broker offers 6 available trading accounts for traders across the world, as well as traders in South Africa. Minimum investment with Opteck is $25 and highest return is 85%.

    Opteck provides traders with an excellent customer support services available via email, live chat and through telephone in 15 countries worldwide. Their agents are up to date and provide assistance on daily basis.

    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.

      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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