Binary industry is very popular worldwide, all the way from Read our article and know more about binary options trading legal issues.

Because of its simplicity and a variety of trading features and services, traders in South Africa find binary options trading as an excellent way to profit. Security is always extremely important in any online business and so it is in binary options world.

In this article we will take a closer look regarding legality and regulation of binary options in South Africa. Our readers should know that binary options are completely legal.

Currently, there is no financial body that regulates brokers in this country and develop their policies. Because of lack of regulation, there are no binary brokers who offer trading services and instruments to traders residing in South Africa.

This way, numerous brokers offer their services and traders should be careful when selecting reliable binary broker. We can not say that lack of regulation automatically means that brokers are scam. In most cases, it is mostly completely opposite and such brokers are reliable one who offer secure trading platform. However, many brokers have access to South African market and attract people to join their trading platform and begin trading binary options.

Brokers who are listed on our site are recognized as reliable brokers with years of financial experience, since they are reviewed by us and traders find their platforms to be excellent and they manage to maximize profit. Traders in South Africa should be familiar with FSB.

It stands for Financial Services Board, that is responsible for oversight all issues related to investing and general financial questions, except banking activities. FSB regulates Johannesburg stock exchange and it is independant. For the beginner traders, before jumping in and trading with real money, you must learn and practice in a Free Demo account. The traders can practice without the risk of losing money in this account.

The traders can replenish the account for free if they lose all the virtual money in the account. In simple words, technical indicators are your trading partners to help you better. You will see these once you start trading Binary Options.

And in making wise decisions, there are some indicators, charting tools, and oscillators to help you. These also will help you improve your trading strategies. Two popular indicators are the MACD and RSI. Therefore, it is also necessary to practice chart analysis and money management skills in a risk- free demo account. IQ Option has the highest number of advanced technical tools available on their platform. Check out the Binary Broker Review page for more information on all the Binary Options Brokers.

Binary Trading South Africa might be a hard task at first, but with enough practice and persistence, you will eventually be a successful South African trader. That is why practicing in a Demo Account is essential. Binary Options have an expiry of 30 seconds and up to hours and even days. You can trade Forex pairs, Stocks, Commodities, and Indices under Binary Options or Fixed Time Trades.

Per experts, trading with higher expiry times is better. Such as 5 minutes and more to increase your success in Binary Options trading. Success in trading binary options is not by chance. It is the combination of management, trading discipline, and finding the right broker. Binary Options South Africa. Binary options trading in South Africa In the past few years, South Africa has become a more popular market for trading Binary Options. Best online trading platforms in South Africa.

IQ Option. Olymp Trade. RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK. IQ Option South Africa Began in , the IQ Option is known for its excellent services worldwide. IQ Option Contact South Africa. IQ Option does not have any local office in South Africa. Olymp Trade South Africa Olymp Trade is famous and has a unique user interface, making trading as easy as can be. Olymp Trade South Africa Contacts. Is Binary Options trading legal in South Africa? How to find the Best Binary Options Broker in South Africa?

Can I make money by trading Binary Options in South Africa? For several years there was no local regulatory agency overseeing the South African binary options industry. This lack of oversight opened the doors to scam artist's, making the local binary options space ripe with fraud. After a spike in complaints from local citizens, South Africa decided to make binary options trading safer for investors.

The Financial Services Board FSB is South Africa's primary regulatory agency tasked with overseeing the entire financial industry. This includes overseeing everything from banking and financial structures to regulating the largest financial exchange in Africa - the Johannesburg Stock Exchange JSE. While the FSB does not directly regulate the local binary options industry, they do ensure fake and fraudulent companies can not pose as binary option brokers, which protects South African citizens from being victims to major fraudulent activities.

The South African regulatory agency that does directly oversee the binary options industry, is the Financial Advisory and Intermediary Services Agency, commonly referred to as the FAIS Division. FAIS's job is to ensure the security and safety of financial service providers operating in South Africa. FAIS contains several departments specializing in various areas of binary options trading, which includes:.

While the binary options industry of South Africa is not yet completely regulated, it is perfectly legal to trade binary options as a South African citizen. Read IQoption Full Review. South Africa Binary Options Brokers.

We have seen many people in South Africa with the desire to participate on the financial market and profit from it, but never knew how. Now, with the appearance of binary options , financial trading has become easier than ever. With binary options South Africans now have an extremely convenient way of becoming traders through online investments with possible higher payouts than they have ever hoped for. Binary options provides a straightforward way of making money and capitalizing on your limited insight into commodities, prices, stocks, currencies and everything in-between.

The attractiveness of binary options is composed of something else too. Its nature is very similar to gambling because in a way you bet that a certain prize will come up or down.

Because of this, binary options has attracted many traders that love gambling too. It is also the reason why authorities have viewed it with doubt and were reluctant to regulate it. However, when all the doubts cleared some years ago, governments all over the world started passing legislations with the purpose of making binary options legal and a valid option for profit.

The subsequent result was the emergence of legal binary options brokers that provided traders with safe and legitimate tools for trading. Here we give you a round of questions and answers that will eliminate any doubts about binary options and its legality. The burning question is whether binary options trading is legal in South Africa, which is why it is the first question we answer below.

People that are new to binary options often get excited about it because it enables them to achieve high payouts in short period of time. Thanks to the fixed payouts and expiry times, you can choose trade options that can lead you to successful trading.

Besides gaining understanding of the financial market, you need the proper knowledge of trading instruments. These instruments are essential in maximizing your profit when trading binary options. The best way for beginners to avoid losses with their first trading attempts is to make investments on assets that are not so volatile. You can discover these by training yourself using a demo account.

However, thanks to the quick trade nature of binary options, the volatility factor can be avoided easily or at least reduced. This is why binary options are so popular. At the moment there are very small hints that binary options will become a regulated industry in South Africa or maybe illegal. The second option is very unlikely.

However, the positive outcome from the current situation is that South Africans are free to trade binary options without being persecuted. The negative outcome is that there are brokers that operate without a license. If the government decides to regulate binary options trading, the governing body will be the Financial Services Board FSB.

The Board will be responsible for overseeing operations, regulate the industry and issue licenses as well as checking whether the brokers comply with the laws.

Therefore, many positive aspects will arise from the regulation of binary options trading. However, with the regulation there may be some negative consequences as in the case of the United States. Their laws forbid US citizens to trade at foreign brokers even though those brokers are compliant with the US standards for binary options trading. If such case happens in South Africa, traders will be forced to trade binary options only with South African operators. Petar is the finance guru, if you need a good investment this is the guy you go to!

Working majority of his days in the finance sector as trader, he has gathered plenty of insight on binary options and the forex markets. I have seen and tried different strategies and methods even lost alot of money while trying.

Until i was introduce to this new strategy that got me back on track and i have been able to regain my lost money and still making consistent growth on all of my trade. Mr Lewis is an amazing trader, He steadily lifted me out of financial penury. If you are interested and tired of losing your money You ca. Home South Africa Legal South African Binary Options and Brokers for Is Binary Options Trading Legal South Africa? There have been no signs that any kind of regulation will take place in the near future, so enjoy being a binary options trader while you can in case of the government decides to make it illegal, which is doubtful.

Are there legal binary options brokers in South Africa? Because there are no laws that regulate binary options trading, consequently there are no brokers that are legal in aspects of working with a South African license.

Since there is no law, there is also no financial or regulatory body that will issue the licenses and make sure the brokers comply with the law. This is why you should be careful when deciding to trade with the help of binary options brokers that operate from within South Africa. Can I register with foreign binary options brokers? There is no law that forbids South Africans to open an account at online binary options brokers that operate from another country, so yes, you can. There are many legal and legitimate brokers around the world that operate with a license issued from a specific jurisdiction and which accept South Africans.

Some of them even offer deposits and withdrawals in Rands. How can I find the best brokers? One simple way is to find reviews of binary options brokers. You can do that on our site or somewhere else on the internet. Through reviews you get to know the pros and cons of a certain broker.

You find out what tools the broker offers for doing insightful trading, whether he gives out bonuses to new and old traders, if you can test out the service with a demo account, what are the payouts etc.

Equip yourself with valuable information before deciding on a broker. Are foreign binary options brokers safe? It all depends whether the broker in question has a valid license or is not licensed at all. And even licensed brokers can be unsafe depending on whether the license was issued in a jurisdiction known to give out licenses to unreliable brokers.

So, the key here is to find brokers that are licensed in jurisdictions known to be reputable. By being able to provide proof of being licensed in a reputable jurisdictions it means that the broker is controlled and will be sanctioned if he tries to scam traders.

Which are considered reputable licensing jurisdictions? The most reputable are those within the European Union. Consequently brokers that operate there are considered safest. Luckily, they do accept traders that register from South Africa. What are the best payout rates that brokers offer? Obviously, you would want to register at a broker that has a high payout rate. Otherwise, making profit would be more difficult.

But, what you want is find the brokers whose payout rates are above average. Can I deposit and trade in Rands? As mentioned, there are legal binary options brokers that offer the possibility to trade in Rands. How big are the bonuses? To give you a boost and incentive to deposit, brokers give out bonuses which are calculated as a percentage of your deposit amount. This can be considered low, because there are brokers that offer much larger bonuses.

Is there a way to try the service before making a deposit? The best brokers usually offer demo accounts. Demo accounts are test accounts where you can try out the tools and the entire service for free using virtual money. When you have decided that you are ready you can cancel the demo account and start your real account where you can trade using real money. Demo accounts are very important if you are a beginner binary options trader.

Brokers offer lots of different resources in preparing you to make profitable investments, so make sure to use everything they offer. Contents List of Binary Option Brokers accepting traders from South Africa: Frequently Asked Questions Is Binary Options Trading Legal South Africa? Are You New to Binary Options? The Future of Binary Options in South Africa. Petar Markoski Author. Inline Feedbacks. Lisa donalds. About Us Contact Us Privacy Terms Sitemap. Facebook Twitter Pinterest Google Plus.

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Binary option trading can have many advantages for South African traders. Percival Knight. As stated above, currently, there are no such regulations or bans on binary options trading in South Africa. Cookie Policy. I have seen and tried different strategies and methods even lost alot of money while trying. This is why binary options are so popular.

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