Binary Deposit Methods with Best Regulated Brokers – South Africa

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Deposit Methods with Best Regulated Brokers in South Africa

Since binary options trading is a rising industry in South Africa, it is our job to provide South African traders and objective and detailed information how to trade binaries successfully.

Also, it is crucial to connect with a binary broker who offers trading platform that suits traders’ preferences the most.

We recommend trading with regulated binary options brokers, such as IQ Option, 24option, BDSwiss, AnyOption and many more.

Our binary guide is about deposit methods with best regulated brokers in South Africa which offer secure trading platforms for safe and profitable binary trading journey.

Why is Binary Trading with Regulated Brokers a Good Choice?

In binary options, safety is one of the most important segments of the trading process. To introduce our readers with valuable info how to deposit in a secure way and from where to start, read further our Deposit methods with best regulated brokers in South Africa guide.

Lately, regulation status is becoming more significant than ever before since more brokers are deciding to reach global masses with a regulated platform, which shows how a particular broker is serious and definitely not a scam.

In terms of trading binary options with a regulated broker, South African traders can experience safe binary trading journey where they don’t need to worry about how to deposit or withdraw money and will they’ll be scammed while doing so.

From where to start in terms of depositing?

The first step is to register on a particular platform or log in if traders are already registered. With brokers mentioned in this guide, registration is straighforward, which is important to all traders, pro traders and especially beginners.

For registration process to be successfully completed, South Africans need to provide few information, including first and last name, email address, password, preferred currency and country.

Afterwards, traders are required to make a deposit from available deposit options, which can be seen in each our broker review as an important information for interested traders. Brokers offer traders option to choose between different currencies, as well as ability to deposit via cards, wire transfer or e-wallet providers.

24option Regulated Broker – Deposit Methods

As a trustworthy broker who operates on binary market since 2020, 24option is one of the pioneers in this industry. To traders in South Africa and worldwide, 24option is known to offer secure and yet simple platform to trade binary options on due the fact traders have on disposal a selection of trading instruments and features to use.

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Minimum required deposit amount is $250. With 24option broker, South Africans can deposit via several ways, such as debit and credit cards ( Visa, Visa Electron, Dankort, JCB, Diners Club, Cartasi, Liberty Reserve, Discover Card and Laser), bank wire transfer and e-wallets (Skrill and Neteller). On 24option platform, traders can easily monitor payments and past trades.

How to Deposit with Banc de Binary South Africa?

Alongside with 24option, Banc de Binary is one of the leaders in binary options trading and a first broker with CySec regulatory licence 188/13. Trading with Banc de Binary is safe and easy, which is especially significant to traders novice in South Africa.

To be able to deposit, traders need to be logged into their trading account and should enter preferred deposit option and an amount to deposit it. Once traders receive confirmation, they will be able to see their balance on trading account.

Minimum deposit to begin trading is $250. Other available account types are Silver ($2500+) and Gold account ($5000+). Accepted deposit methods with Banc de Binary broker are: credit and debit cards, bank wire and ewallets (Skrill, QIWI, WebMoney, CashU…).

Deposit Methods on IQ Option Proprietary Platform

IQ Option broker is very popular among many traders in South Africa thanks to many advantages which awaits South Africans to invest in different assets and maximize profit.

As a regulated binary broker (CySec licence 247/14), IQ Option introduces South African traders with their own proprietary platform and a selection of assets to trade with, demo account, mobile app and many others.

One exquisite note to all South African traders is how deposit is just $10, which is affordable amount to many people in South Africa. Beside Real account, it is possible to deposit $3000 and use a VIP account with more benefits included.

Accepted deposit methods on IQ Option platform are: debit / credit cards (Maestro, Visa and Mastercard), wire transfer and e-wallets (QIWI, Skrill, FasaPay, Neteller, CashU and Boleto.)

What are Binary Deposit Methods with BDSwiss Broker?

BDSwiss also belongs to category of reliable binary brokers with regulated status on South African market. This broker is licensed under reg.no. 199/13. To traders in South Africa, BDSwiss offers trading with binary options and CFDs.

Lowest deposit to begin trading is set to $250, while returns go up to 85%. On SpotOption platform, South Africans can use a variety of features, such as Rollover and Double Up, as well as mobile app for traders on the go.

With BDSwiss broker, South Africans are able to deposit via Maestro debit card, bank wire and e-wallet providers (PaySafe Card, GiroPay, Ukash and Sofort).

AnyOption – Deposit Methods in Binary Options

AnyOption is one of the most reputable brokers for South African traders. This broker obtains two licences, one CySec (187/12) and second one FSB licence (regulatory authority in South Africa; FSP 42020).

To begin trading binary options with AnyOption regulated broker, required deposit is $250. So far we had chance to review them, there are several deposit methods available on AnyOption trading platform. These deposit methods include payment through cards (Visa, Maestro and Mastercard), bank transfer and ewallets (Skrill Moneybookers).

Banking with AnyOption is simple and straighforward where traders don’t need to worry will they have issues regarding depositing or withdrawing funds. To be able to deposit, South Africans first need to log in to their trading account and click on My Account tab to see available deposit methods.

African Traders Guide

Binary options trading in South Africa has become an increasingly popular market in recent years as more and more investors seek to open online trading accounts. As awareness of this particular method experiences growth, so does the number of international brokers offering their services.

Binary trading is unregulated, and as such local South African companies are prohibited from offering their services to SA traders. However, through our extensive knowledge of the binary options industry and the rules and regulations that apply to trading we can still show you, great brokers, to trade with.

Our team of experts have searched the internet for the best brokers, and we bring you only those with international licenses that are legally allowed to offer their services to South Africans. Our knowledge of all the legal requirements means we can ensure that your trading career is a safe and profitable one.

In this article, you will learn:

    The brokers best suited to your needs What local payment methods are accepted Taxes and fees that apply to ZA residents

Traders in South Africa

Like we found in Indonesia about the law on binary options, trading in South Africa is perfectly legal. There is nothing that prohibits an individual from trading online. The industry is however unregulated which means that there is no protection offered to those who choose to trade here. It also prevents good South African companies from brokering. So how do you select a company and what should you be looking for in features?

Licensing And Regulation

As there are no regulated South African brokers, you are going to need to find an offshore broker. CySEC, FCA or MiFID license many European brokers. Australia also has good brokers, look for an ASIC license. There are many to choose from, and it’s just a case of picking the right one for you.

Deals And Incentives

If you are new to trading, then you should probably look for a broker that offers a no deposit bonus. No deposit bonuses allow you to try before you buy. You should also take advantage of matched deposit bonuses, and trading contests so look out for them.

Mobile Trading Tools

Most people prefer to trade on the go therefore it is important to check out what mobile offering the broker has. Do they offer a mobile app that is suitable for the device you are using and is it available for both iOS and Android? If you are keen to trade on the go then this is critical.

Free Demo Account

A demo account is vital for many reasons. Firstly, it allows you to get familiar with the platform that you are going to be using. In addition to this, if you are using a reloadable demo, you can use it to try new assets and trade types.

The only way to legally invest and trade in binary options, in South Africa, is to use an off-shore broker. Finding one that has all the above benefits plus anything else that is important to you as an individual is difficult. That is where we come in. We display to you, only the best, most reputable brokers to ensure that your experience is a good one.

Trader Broker Asset Profit

Broker Fees And Tax

When looking at the tax requirements surrounding binary trading, South Africa is much like any other country. If you are an individual, then you will no doubt be paying Personal Income Tax. You could be paying anything from 18% for income below R160,000 up to 40% for anything over R617,000. Local tax applies to profits made on any income, and this includes binary options trading.

If trading is a second income, you will need to declare your income and ensure that you pay the correct tax on this amount. Remember to deduct any losses and work out your net profit so that you don’t pay too much tax.

Now while binary options brokers aren’t responsible for informing the South Africa tax department that you have made an income from trading, they will have a record of your transactions within your account. Make sure that you have access to this information as you will need it when calculating your total profit for a certain period. We recommend keeping a monthly record of deposits and withdrawals and recording all profits and loss.

While African taxes are the main cost that you will incur there may also be other fees to consider. These fees include:

    Currency conversion fees for converting to and from the currency you will be trading in Deposit fees usually associated with certain types of transactions. Your account provider can charge these fees Transaction fees from your credit card or e-wallet provider Withdrawal fees from the broker for making each withdrawal

If you are making lots of deposits and withdrawals, the money will soon mount up. Consider making fewer, more substantial deposits and withdrawals to try and cut down on the number of fees charged.

South African Licencing

Now while there are no legal issues that restrict South African citizens from trading, there is, unfortunately, a lack of brokers local to the country. It is not a regulated industry; therefore there are no legal or licensed South African binary options brokers.

There are however plenty of good brokers offshore that have the relevant licenses and regulations. The ones to watch out for are those that are licensed by CySEC or other European recognised licenses. Genuine brokers are more likely to be licenced in Europe, so look out for the brokers that display this licencing.

Do not use a broker that doesn’t have a license. There is a reason that they don’t have one, they either can’t get one, or they aren’t a serious broker doing things the right way. Why would you invest money with them if they haven’t gone to the trouble of getting licensed?

Also, make sure that any licenses are genuine. We have gone to the trouble of doing this with all of the companies that we review and recommend so you will be pleased to know that we only recommend genuine, trustworthy brokers that have a good reputation and history.

Our knowledge of all the legal requirements means we can ensure that your trading career is safe.

How we Recommend Brokers

There isn’t a choice of trading with a local broker for South African traders so if you wish to trade it is going to have to be with an offshore broker. Now, this may seem daunting and perhaps a little risky, but there are genuine SA brokers that offer an excellent service with proper incentives. Our job is to make your experience a more beneficial one by reviewing and rating South African brokers across the market.

Like all of our broker ratings and our best binary options reviews, we take into account every aspect of trading and what each broker has to offer. Firstly we look at their licensing and eligibility to trade. We only bring you brokers that have the correct licensing and operate within regulations and legislation. We want your trading experience to be profitable and without issue. We also examine the logistics of each broker.

Some of the critical areas include how easy it is to open an account, how easy it is to navigate the trading platform and whether the mobile website and app are user-friendly. We also examine what benefits each broker has to offer. Do they provide good bonuses, a good payout and what other rewards are available? For VIP / Premium traders we look at the higher end accounts and what they have to offer and how they compare to other offerings available.

We review brokers all over the world, and when it comes down to it, South Africa steps up pretty good. Our reviews focus on the options market are based on our extensive knowledge and experience of it. Our team of experts have many years of trading experience between them and know what matters. Our commitment is to only bring you the best South African binary options brokers on offer.

Frequently Asked Questions

Is binary trading in South Africa legal and safe?

South Africa has tax laws and regulations, and it is crucial to abide by these rules and regulations to avoid hefty fines. Earnings from binary options trading need to be declared.

Do I need to pay fees and taxes on my profits?

South Africa has tax laws and regulations and it is important to abide by these rules and regulations to avoid large fines. Earnings from binary options trading need to be declared.

Can I test brokers before trading with real money?

Brokers will offer lots of incentives to stay competitive. These usually include a demo account to allow new traders to trade on the platform without depositing any of their funds.

Is it easy to make deposits and withdrawals?

Making deposits and withdrawals is easy. Just open an account and make your deposit. Withdrawals can take up to 3-5 days; some brokers offer a much quicker turnaround for those higher stakes traders.

Can I trade using my mobile or tablet device?

Yes, to stay competitive all brokers must have either a responsive, easy to use mobile version of their website or an app available for either Android and iOS.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

Top 10 Binary Brokers South Africa

Top 10 Binary Brokers South Africa have been carefully selected after analyzing the trading platforms and everything each of the binary options brokers has to offer.

In recent years binary trading in South Africa has attracted millions of people since it has become a source of additional income.

Top 10 Binary Brokers South Africa

Top 10 Binary Brokers South Africa

Top 10 Binary Brokers South Africa are selected on the basis of safety, user-friendly platform, various account types and accompanying features.

Now, how to pick the right one among the top 10 Binary Brokers South Africa?

South African traders can read some useful tips on how to find the right broker for their particular style of trading.

Safety Issue

This is probably the biggest issue South African traders face when picking a broker the wish to trade with – is this broker safe?

Regulated and trusted broker will have this info available on their platform and will offer several payment methods to their traders. Since SSL encryption technology became a standard for binary options protection, most reliable brokers have it implemented on their trading platform.

Demo Account

This option is quite frequent with top notch binary options brokers since it enables traders to try out binary trading in a safe environment. By utilizing demo account option, South African traders can get some feeling of how it all functions before going into actual trading.

Various Account Types

In most cases brokers offer various account types, each containing different trading features which can be of great use to South African traders. Opting for a broker which has a fine selection of account types shows that the broker pays attention to details and also takes into consideration the fact that not all traders need or want the same kind of account.

Recently, brokers also started to offer Islamic accounts which is a great benefit for Muslim traders.

Professional Customer Support

By providing traders with quality customer support, brokers do not simply communicate that they are serious and professional about the business they conduct but that they also care about South African traders who chose them.

Therefore, we advise that traders test the quality, professionalism and response time of customer support prior to making a final decision about which broker they will pick in the end.

Payment Methods

Trustworthy brokers make sure to offer plenty of payment methods to their registered traders, since they are mindful that different traders prefer different means when it comes to making deposits.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Broker 2020!
    Perfect for Beginners!
    Free Trading Education! Free Demo Acc!
    Get Your Sign-up Bonus Now:

  • BINOMO
    BINOMO

    Trustful broker.

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