Top 10 Binary Trading Sites South Africa ¦Safe Binary Trading

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  • BINOMO
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Top 10 Binary Trading Sites South Africa

In order to help our South African traders in their search for a good binary options broker, we have compiled a list of top 10 binary trading sites South Africa by our choice.

Listed below are broker sites which offer quality trading services, have a great reputation and can help South African traders to make the right choice when it comes to choosing a broker which will suit their needs and trading style to perfection.

Trading sites on our list have great trading features, tools, various account types, reliable customer service, transparent terms & conditions and provide appropriate safety measures.

Top 10 Binary Trading Sites South Africa

Top 10 Binary Trading Sites South Africa

IQ Option

One of the most popular brokers in South Africa, IQ Option isn’t accidentally on top 10 binary trading sites South Africa. This is a regulated broker with a modern, user-friendly platform.

Their minimum deposit is just $10 while IQ Option minimum investment starts at $1 and maximum returns can go up to 90%.

They use their own software on their platform which offers a safe way of trading binary options with a variety of different trading options, features, tools and account types.

They provide a proprietary platform which is adequately protected via SSL encryption technology. South African traders are given plenty of trade options with a vast choice of underlying assets, trading features and tools.

With IQ Option, traders also get to use Real Account and VIP account.

24option

Present on binary options market since 2020, 24option is another regulated broker which offers their registered South African traders numerous trading options and five different types of accounts.

They utilise MetaTrader 4 trading platform which provides effective trading experience. With a minimum investment of $24 and a minimum deposit of $250, 24option maximum returns can go up to 88%.

Their trading platform is available in more than 10 languages and offers a mobile app, compatible with both Android and iOS devices, extensive education section, numerous underlying assets and a 24/7 customer support.

Luckily for all South African traders, 24option also provides a demo account where traders get to experience binary trading in a risk-free environment.

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.

PrestigeOption

South African traders will discover PrestigeOption, a popular binary options broker established in 2020.

On their platform which uses TradeSmarter software as well as SSL encryption technology, they offer numerous trading features.

With Risk-O-Meter, Sentiment and Refer-a-Friend, traders are presented with great features which can significantly improve their profits.

When combined with easy to use trade options, six account types and an average minimum deposit of $250 make PrestigeOption presents an attractive package for South African traders.

Opteck

Binary broker Opteck, a trading name of Centralspot Trading Ltd, has been on the binary options market since 2020. This is another regulated broker we have reviewed on or site because of the high quality of service it provides.

South African traders can start trading with Opteck at only $25 and with a minimum deposit of $250. Maximum returns possible with Opteck can reach 89%.

Opteck offers six accounts with the addition of both demo account which can be of great value to novice traders as well as Islamic account for Muslim traders.

Minimum withdrawal amount is $50 and that can be done through various payment methods which include Maestro, MasterCard, E-wallets (Skrill and CashU) and wire transfer.

AnyOption

With a minimum deposit of $250, a minimum investment of $25 and maximum returns which can go as high as 80%, AnyOption is a binary options broker present on the market since 2008.

They are FSB regulated broker (reg.no FSB 42020).

This broker uses their own software on their proprietary platform coupled with SSL encryption technology which enables safe transfer of information between the platform and the traders.

Among other interesting trading features, AnyOption offers the Bubble Options which South African traders ought to explore.

Their customer support is available around the clock through live chat, email and phone and their platform is available in 6 different languages.

With a minimum investment of only $25, maximum returns which can go up to 80% and a minimum deposit of $250, AnyOption also has a mobile app adjusted to be used on both iOS and Android devices.

StockPair

A brand name of Nextrade Worldwide Ltd., StockPair has been present on the market since 2020.

StockPair offers interesting trade options such as innovative Kiko options well as a myriad of underlying assets, detailed educational materials and a safe environment (SSL encryption technology used throughout their platform) to South African traders.

Their minimum deposit is $250 while minimum investment is only $20 and maximum returns which can reach 85%.

BinaryOnline

BinaryOnline broker is one of the binary brokers with very low investment amount $5. This broker offers high returns even up to 81% for successful trades.

A great option regarding BinaryOnline is the fact that this broker is connected with one of the best binary automated trading system on South African market, a Binary Options Robot software.

With BinaryOnline, South Africans can also experience the increasingly popular copy and social trading.

Daweda Exchange

Another prospective binary broker for interested South Africans, Daweda Exchange is a recent addition to the market. They are a regulated broker which provides South Africans with interesting trading choices.

Their minimum deposit is lower $100 while the minimum investment si set at $10.

They provide traders with an effective, modern proprietary platform which features both mobile trading and the demo account.

Another benefit of opting to use daweda Exchange is that South African traders can choose to use their Daweda Exchange Automated Trading System for a different binary trading approach.

ETX Capital

On the market since 2020, ETX Capital binary broker offers lower than an average minimum deposit of $1oo and affordable minimum investment of $10.

South African are offered more than 100 underlying assets, great trade options like High/Low, 60 Seconds, pair Options and Long Term.

As a modern binary broker, ETX Capital provides both mobile trading app as well as a demo account which is funded with $10 000 of virtual money which is ideal for practising in a risk-free environment.

Traders also get reliable customer service, numerous payment methods and well organised Education section.

BullBinary

This is another interesting broker for South Africans which has been available for binary trading since 2020. This is a regulated broker who has a deposit of $250 and a minimum investment of only $1.

SpotOption software is used on their trading platform which provides traders with trade options like 60 Seconds, High/Low, Pairs and Long Term.

With BullBinary, South Africans can also use additional trading features like Sell Options, Rollover and Double Up which could further boost trading results.

Also, traders get to enjoy the perks of handy trading features like mobile trading app and demo account.

Top Binary Trading Sites for South African Traders

To trade binary options in a safe way, it is necessary to have a reliable broker service. Selection of trustworthy binary options broker opens door to get benefits from different features of binary options trading.

Reliable binary brokers listed on binaryoptions.org.za offer their traders in South Africa a wide selection of trading services and many useful features that traders can use during trading process.

Our top binary trading sites have great reputation in binary options industry, fair policies and secure trading options. For South African traders, here is the list of top rated sites that are giving distinctive trading features.

Awarded brokers in South Africa.

Best Brokers

  • Broker
  • Min. Deposit
  • Min. Investment
  • Regulated
  • Trade Now
  • Broker Review
  • TOP 5 Binary Options Trading Sites

    We have shorten the list of top 5 binary trading sites popular in South Africa. These binary brokers are: Banc de Binary, 24option, IQ Option, AnyOption and Opteck.

    Shorten version of broker’s trading feature, you can find below in the text.

    Banc de Binary in South Africa

    Banc de Binary is one of the leading binary brokers in the industry, online since 2009.

    In the past few years, they have proven to be a reliable broker who offers top notch trading services to all their traders worldwide, including South Africa. Banc de Binary is a regulated broker with CySEC licence, with registration number 188/13.

    With Banc de Binary it possible to achieve maximum bonus of 90% with minimum deposit amount of $250.

    24option in South Africa

    24option is also a regulated binary options broker who offers its trading services to South African traders. Present on binary market since 2020, this broker provides traders with high payouts up to 89% with minimum investment of $24.

    Their reliable trading site uses TechFinancials as preferred platform. 24option provides their South African traders with numerous different trading training sessions and materials that traders can use during trading process. This is useful for all levels of trading knowledge, but especially for traders beginners.

    With a wide range of trade options and underlying assets, it is no wonder why this broker is one of the most popular brokers in binary options industry. Deposit and withdrawal are secure and fast and it is additional satisfactory reason of South African traders when choosing preferred binary options broker.

    IQ Option in South Africa

    Established in 2020, IQ Option is available on South African market. This broker is regulated by the regulatory body CySec, with licence number 247/14.

    IQ Option developed own proprietary custom-made platform for traders in South Africa to experience simple and profitable binary options trading experience. Minimum deposit is just $10, while returns can go up to 92%.

    Both deposit and withdrawal process are safe and protected so South Africans don’t have to worry will funds be protected. Traders can use a wide range of offered services, such as IQ Option mobile app and demo account. These services can be out of great help for inexperienced traders who are new to binary options trading.

    AnyOption in South Africa

    AnyOption is one of the first binary brokers, appeared in late 2008. This brokerage company is operated by Ouroboros Derivates Trading Ltd.

    With AnyOption, South African get secure trading platform, since they obtain CySec licence, reg.no. 187/12. It is important to mention how AnyOption is also regualated by FSB (regulatory authority in South Africa); reg.no. FSP 42020.

    AnyOption uses proprietary platform with a selection of different features and trading mechanisms that could serve as great way for traders to maximize profit. Minimum deposit is $250, with lowest investment of $25. Traders can get up to 80% return on AnyOption platform.

    South African traders can find out how to trade with bubble options and with many more features available. In case of any questions, traders can contact customer support, which is available 24/7.

    Opteck in South Africa

    Online since 2020, Opteck offers South African traders a safe and secure trading proprietary platform with multiple trade options and tools. Opteck is CySEC regulated broker with registration number 238/14.

    This broker offers 6 available trading accounts for traders across the world, as well as traders in South Africa. Minimum investment with Opteck is $25 and highest return is 85%.

    Opteck provides traders with an excellent customer support services available via email, live chat and through telephone in 15 countries worldwide. Their agents are up to date and provide assistance on daily basis.

    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.

    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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