Top South Africa Binary Options Brokers 2017
We’ve tested and reviewed the best South Africa binary options platforms. We’ve done the reviews based on the following criteria:
- Good Returns & easy-to-use withdrawals. We ONLY list and approve the best binary brokers with guaranteed fast payouts or withdrawals.
Secure of funds
24/7 Customer support for South African traders.
|Free $1000 Demo Account||$10||5.0||Best Broker in South Africa|
Free Demo Acc.
#1 Trading app
|85%||Not||CySEC ( EU )||VISIT IQ OPTION|
IQ Option Review
|Up to $50 Cashback on your First Trade||$10||4.6||Best Australian Broker|
Free Demo Acc.
|200%||Not.||ASIC ( Australia )||VISIT HIGHLOW|
About Binary Options for South Africa
South Africa is at present one of the leading binary options markets on the world. However, financial trading is not so far regulated in the country. This signifies that currently there are no particular laws for binary options in South Africa.
This however does not signify that trading binary options is illegal in the country. Binary options are absolutely legal in South African because of the fact that there is no particular law that states that they are illegal. This proves that investors can trade on financial assets legally.
Is binary options trading safe?
Yes, it’s safe if investors only trade at brokers that are approved by highly regarded authorities such as the US and Europe.
Is Binary Options Legal in South Africa?
Yes, financial trading is currently legal in South Africa. There are actually no laws that apparently regulate the financial trading market. This basically confirms that African authorities currently are not concerned about financial trading like binary options.
This obviously also confirms that financial service providers are FREE to spread their business and offer their services to investors from South Africa. Traders are certainly also welcome trading at brokers that operate in the country. There will be no legal penalty of trading binary options in South Africa.
South Africa binary options regulations
As because there are no financial trading laws in South Africa at present it also means that there are no regulations. On the other hand, if there are no rigid regulations then how can investors check that fraudulent brokers are not cheating them?
It’s in fact very simple. There might not be any policy for binary options trading in South Africa but there are in many other countries. What South African binary investors should do is register at brokers that are licensed under recognized authorities such as Europe and US.
I've been a professional trader for over 5 years.
Currently I work as forex analyst for different investment companies.
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