South African Binary Options Brokers


Most people’s first impression when you mention Africa is of poverty and a poor economic structure. However you may be surprised to realize that binary options in South Africa is a potentially rewarding prospect.

South African Binary Options BrokersRegulation in this industry has taken time to come into force in a variety of countries. This was certainly true for binary options brokers located in South Africa until approximately 2012. You will now find an array of regulations which must be complied with and which will be looked at closer later in this article. The lack of legislation did not mean a lack of binary options brokers. Some of these were locally based and operated to official standards with a properly approved license by the South African government. Unfortunately bad publicity has tarnished the image and reputation of many binary brokers, suggesting that they were illegal or scams. This led to many traders using foreign binary options brokers or even South African brokers based offshore. Thankfully the new regulations have now attracted new businesses and allowed existing ones to be properly registered; providing a genuine service to traders; no matter where you live.

BROKER Details U.S.-friendly? Info RATING
Binary Mate
Binary Mate Review

TRADE!
Min. deposit: $250
Min. invest.: $1
Return: 92%
Trading: CFD, Forex, Binary
Autotrade: GO!
TRADE!
4.9
24Option
24Option Review

TRADE!
Min. deposit: $250
Min. invest.: $24
Return: 88%
Trading: CFD, Forex, Binary
Autotrade: GO!
NoTRADE!
4.7
Finrally
Finrally Review

TRADE!
Min. deposit: $250
Min. invest.: $10
Return: 91%
Trading: CFD, Binary
Autotrade: GO!
NoTRADE!
4.3
BinaryCent
BinaryCent Review

TRADE!
Min. deposit:  $10
Min. invest.: $0.10
Return: 91%
Trading: Binary
Autotrade: GO!
NoTRADE!
3.6

Legislation Of South African Binary Options Brokers

You will note that two bodies were created to supervise all financial instruments within South Africa; including binary options brokers. These organizations have strict guidelines which they enforce; the result is an assurance for the general public that approved binary options brokers are safe to use and can even help you to generate additional funds.

South African Binary Option Broker Regulators

The FSB is very similar to most other government agencies. It was created to regulate all financial activities in South Africa and specifically binary options brokers. In fact, this body has been created for only this purpose; it does not focus on any other matters. The consequence of this is that it can focus on an array of financial instruments without distraction and provide the right level of regulations; in fact the guidelines supplied by these organizations are as advanced as you can find elsewhere in the world. Their role includes monitoring and supervising the stock markets, including the impressive Johannesburg Stock Exchange which provides a range of indicators stimulating and controlling the actions of many binary options traders. This is one of the reasons that it is closely monitored; to ensure no insider trading exists.

The FSB offers a wide range of features and covers the security of the capital markets, investment schemes and even insurance monitoring. In fact, although it supervises the binary trading markets, it does this by carefully and closely monitoring the work of the FAIS.

Binary Options in South Africa And FAIS

The FAIS operates under the FSB, it is tasked specifically with monitoring the financial services in South Africa. This includes the registration of all binary options brokers, supervision of binary trading and ensuring all firms are complaint with the relevant laws. Alongside this it is responsible with raising the profile, ensuring all financial bodies conform and comply with the necessary standards to improve the global profile of the South African financial markets.

Alongside checking the features provided by a firm specializing in binary options, you should always check to see if a South African broker is properly registered, this will help to ensure you do not fall foul of any scams.

More related articles:

 Australian Binary Options Brokers
Binary options operations have become extremely popular in Australia. There were no direct regulations concerning the process of trading in these options; it is legal to do so and Australian binary options brokers are able to offer their...
 Best Binary Options Brokers
Binary options are becoming an accepted part of the financial instruments available to be used by traders around the world. You can trade these options ( using the services of binary options brokers ) in the hope of getting a good rate of return or you can trade them to help o...
 Binary Options Broker Selection and Comparison
You may be surprised at the range of possibilities when you are considering how to generate a healthy profit from binary trading. However, the broker you choose is critical. Some will provide an array of guidance and even a first class trading platform; others may only provide...
 Binary Options Brokers And Auto Trading
Despite the number of brokers that swarm the business of trading of binary options, a handful of these brokers do not maximize auto trading platforms. Success in trading automatically is usually a product of finding a dependable robot, which comes with a reputable broker. Thes...
 Binary Options Brokers List - Suggestion For Traders
It is difficult to have just one binary options brokers list; there are now over four hundred businesses offering this service. A simple list of all these names would be of little benefit to anyone! Using binary options as an investment vehicle is something that has grown rapi...
 Bitcoin Binary Options Brokers
A recent addition to many binary brokers is the ability to accept Bitcoin. This has been a reaction to the fact that this electronic currency has gained rapidly in popularity and binary option brokers need to keep attracting new customers all the time to ensure they can offer ...
Binary Option Auto Trading

 

TRADE WHILE YOU SLEEP!

SMART AUTOMATED TRADING SOFTWARE

 

100% Secure