Binary Options trading is perfectly legal for anyone in South Africa over the age of eighteen. Trading Binary Options you get the opportunity to predict what a price will do. There are only three possible outcomes. Either the price will go up or it will go down, or it South Africa is the only country with binary options regulations put in place. Binary options are considered “illegal” in the other countries which are preferably a disclaimer for both the trading platforms and the infinite potential of traders This agency is entirely oriented to control the binary option trading in South Africa. Financial Advisory and Intermediary Services The Financial Advisory and Intermediary Services Agency – known with the abbreviation of FAIS Division – has the task to secure the Financial Service Provides as part of the main FSB regulation body/5(5)
Best Binary Options Brokers in South Africa
Welcome to our binary options portal! We pride ourselves to be the best Binary Options Trading Guide in South Africa. Here you will find everything you need to know about trading binary options.
Popular Pages:. We explain in detail how binary options work, we present you with a step by step guide and we provide you with the very best binary options brokers for South Africa traders, binary options trading south africa. A Binary Option is a derivative instrument and a type of option where the binary options trading south africa is to predict if a currency forexa commodity, a stock share or an indices will move up or down during a specific time period, binary options trading south africa.
With binary options you decide which underlying asset you would like to speculate with, set a time frame, decide the stake and then decide if you think the asset will be moving up or going down. If you are correct you will win a specified amount. When trading binary options you can never loose more than what you have bet. Your bet is your investment, binary options trading south africa. And you always earn a fixed payout should you make a winning trade. As the term binary implies there are only these two possible outcomes.
One of the main benefits with binary options trading is that you always know before hand how much you stand the risk of loosing. Which means that your risk assessment is much easier with binary options than say with forex trading and trading CFDs, binary options trading south africa.
Forex trading has a larger potential payout. But the same is also true for the losses and trading forex is a complicated process. Binary options on the other hand is very simple in theory. The real challenge is, as with forex trading, to predict the movement of the underlying asset. And though this might look easy enough at times, in reality it is not.
It takes a lot of investigating and keeping track of all the variables that influence the asset, binary options trading south africa. But if you do your homework and study your assets, the theory of trading binary options will not stop you from making money.
Trading binary options is quite simple. We will guide you to the process with a step by step guide to binary options trading. You can choose from a vast variety of different underlying assets. The assets are divided into four categories:. Forex Currency pairs is the most popular asset when trading binary options. Some brokers do binary options trading south africa offer binary trading with the South African Rand - the ZAR.
Commodities Commodities is another popular asset. Trading gold, oil, copper, silver, coffee, wheat, sugar and many other binary options trading south africa is an exciting part of binary option trading. Stocks Mostly this refers to stocks listed on the major stock exchanges in the United States.
You can trade stocks like Google, Apple, IBM, BMW, BP, Facebook, Netflix etc at most brokers. But also smaller stocks listed in other countries can be found depending on which brokers you choose for your trading. But also stock indices in other countries are available like NIKKEI JapanDAX Germany, DJ UK United Kingdom as well as South Africa 40 JSE and many others. With binary options you have a wide selection of different timeframes. And the exact amount depends on which binary broker you trade with.
The most common time fram is 5 minutes. But you can also trade with timeframes binary options trading south africa as low as 60 seconds or 2 minutes. Here you decide your stake, meaning, how much you want to bet.
The minimum and maximum bet depends again in which broker you choose, but usually the min bet is somewhere between 1 USD up to 25 USD, binary options trading south africa. The max bet however can vary a lot depending on which binary broker you choose, it can be USD or it can be as high as USD depending on the broker. So, the entire risk with one single trade is the size of your bet, your stake. The outcome is always twofold, either you loose your stake or you win a fixed amount.
This is one of the reasons binary options are so popular. Call Option If you think the price of an underlying asset will go up, the you choose a Call Option. Call options are sometimes also referred to as Buy options, binary options trading south africa. Put Option If you think that the price of the asset instead will go down, binary options trading south africa you choose a Put Option.
This then means that you think the price after the timeframe will be lower than it was at the time of purchase. Put options are sometimes also referred to as Sell options. There are a couple of different options when trading binaries. But lets explore the variety. This is the classic binary option and the one usually referred to when using the term binary option in general.
Here the objective is to decide wether an underlying asset will go up or down during a specific timeframe. The objective here is to decide if an asset will reach a certain price during the timeframe. If the asset reaches the price, even if only for a few seconds, the one touch options pays out. Pairs is a type of binary option where two underlying assets compete against each other. The most common pair option is Gold vs Silver. Here the objective is to predict which of the two assets that will perform the best during the timeframe.
Here the time fram can be as short as 60 seconds or longer as in 1 minutes, 2 minutes or 5 minutes or even 10 to 20 minutes up to an hour. A ladder options is a slightly more complicated binary option, binary options trading south africa. Here you can choose several levels for your underlying asset. A ladder option works in a similar way as with odds in betting. Less likely outcomes holds a higher payout and more likely scenarios provides a lower payout.
Depending on the volatility on the market you and which levels you choose you can affect the size of your payout. With higher payouts, naturally a higher risk will follow. But the risk is still limited to your stake and a ladder option is an interesting alternative for a trader looking to increase the odds.
When trading binaries you need a broker. And this broker needs a license for trading financial instruments in South Africa. We have collected the best binary brokers for South Africa here. And on this page you will also find a more thorough explanation of what to look for in a broker.
But we will present the main points right here. This is the most important point. The legal situation in South Africa is that trading binary options is indeed legal but not yet regulated. So, to make your trading safe you have to find a broker that is fully licensed for trading binary options and that also have a license for offering their services in South Africa. Now, binary options trading south africa, we have done this job for you.
But in the end its your responsibility to make sure of this. So, binary options trading south africa, always make sure to check the license ot the broker site before signing up.
That said, all binary options trading south africa presented on this page are licensed and regulated to trade binary options and to offer their services to clients living in South Africa.
Meaning it is indeed legal and you will be trading with a licensed broker. If you are looking to trade the most common assets like the major currency pairs or most common commodities like Gold and Oil this is not the main binary options trading south africa as basically all brokers provide this service.
But if you are interested in trading not so common assets, as for instance the ZAR, then make sure that the broker offers this specific asset. A list of assets can be found at the broker website. This is the software where you will make your trades. A good binary platform is easily understood and you can make your trades knowing the payout both percentage and actual payout. You also want to be able to follow the price of the assets you which to trade.
You want highs and lows and of course a graph where you can follow the movements both live and historically. A good educational program explains binary options and also presents and explains the binary platform. Most educational programs are free once you create an account. So, this is actually a smart way to also evaluate a broker - create a free account binary options trading south africa check out the educational material.
if you like what you see, this might be the broker for you. This is also an important factor. A good broker has a great customer support. We have tried out the customer support of every single broker on this site. And all of them binary options trading south africa. Longterm this holds no real value as the other factors are far more important. But that said, a good signup bonus is still a good signup bonus.
As mentioned before, with binary options you can never loose more that you have put into the bet. Meaning your stake is your entire risk. This makes binary options a very clear and controllable way of speculating.
That said, obviously there are risks also with binary trading.
binary option in south africa
, time: 5:01Financial trading | Binary Options South Africa
This agency is entirely oriented to control the binary option trading in South Africa. Financial Advisory and Intermediary Services The Financial Advisory and Intermediary Services Agency – known with the abbreviation of FAIS Division – has the task to secure the Financial Service Provides as part of the main FSB regulation body/5(5) About BOSA. BOSA is here to inform South African online income seekers about a safe and lucrative way to make income trading the markets. Binary Options has seen a major revival since and now after the global Covid epidemic, has become a major way 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
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