Best binary option brokers for us traders - Best Binary Options Brokers South Africa | Safe Binary Option Trading
For instance, it is customary to find traders preferring to trade equities directly, rather than the equity derivatives that make up the asset class of the binary options market there.
In the light of the information provided above, we can therefore best binary option brokers for us traders that traders of binary options in South Africa do not have much of a choice when it comes to trading a home-grown binary options market. Traders who want binarry trade with bibary localized structure will have to open a derivatives trading account with the JSE in order to trade the Can Do Exotics category of instruments, which is where binary options contracts are listed.
The only other alternative is to trade binary options using online platforms, which is presently only available in South Africa by opening an account with a brokerage located in Europe or elsewhere. There is no law barring traders from doing this, and this is the line that most South African binary options traders are towing.
For now, the FSB is only concerned with the exchange-traded Can Do Exotics, as the enabling law setting up its regulatory function has geared it towards this function. Online binary brokers from other regions who are offering their products to South Africans are not regulated and there is no requirement for them to be regulated.
Presently there is no requirement for online brokerages to be regulated in South Africa, and the trend looks set to continue for best binary option brokers for us traders next few years.
However, there is no guarantee that the rules will not change, especially with the renewed investments coming into many sectors of the economy of the African region. Here at Investoo, we shall continue to keep best binary option brokers for us traders updated on any changes in the way binary options are traded in South Africa.
But at the moment, South Africans have a choice to use the exchange-traded binary options offering on the JSE, or simply trade online with any of the binary options brokerages which are regulated in kption own countries.
So what optin the current status of binary options trading in South Africa? The binary options market in South Africa is no longer online-traded, but exchange traded. The level of regulation of the online binary options market is low in South Africa.
This is because of the absence of locally based online binary options brokers in South Africa. Despite the transition to exchange-traded binary options trading, online binary options trading in South Africa is not illegal.
There is no law preventing the setup of an alternative binary options exchange or brokerage optiob South Africa. Due to the almost total lack of regulation of the online binary options market in South Africa, many traders from that region prefer to open accounts with brokers in other regions offering online trading in European-style options.
Since then, no truly online binary options exchange has been setup.
Implications for Binary Options Traders in South Africa In the light of the information provided above, we can therefore see that traders of binary options in South Africa do not have much of a choice when it comes to trading a home-grown binary options market.
Below you'll find the key essential factors that distinguish a reliable and trustworthty binary binady.
Only trade with brokers that are fully licensed and regulated for trading. By complying to this you ensure that your trading is safe.
The current situation in South Africa is that trading binary options is legal but it is not yet regulated. Well, you can look for a broker that is regulated and licensed for trading by another authority outside of South Africa.
And then make sure that this license covers South Africa. You will find that many binary brokers have a license from CySEC. All brokers that have a license from CySEC gets awarded a license number.
Binxry can use this license number to cross check if the broker is licensed for trading in South Africa at the CySEC website.
You can find the license number right here on this page under "License Number" for the brokers above.
So, on this page and in fact on this entire site we only present brokers that are fully licensed for trading binaries. This means that when choosing a broker presented on this site, you will trade with a fully licensed broker. But please understand that it is the traders own responsibility to ensure that the broker of choice is fully licensed in the country of residence.
So, please always check the license binarg the broker website as well as on the license authority website by cross checking the license number as described above. If you are interested in trading with the most common underlying assets as the major currency pairs, common commodities like gold, silver, oil or major stocks and indicies, then this is not an important point.
This is since basically all brokers offer these assets. But, if you have a specific asset in mind that is not so common you have to make sure that the asset is offered for trading by the broker.
Not all brokers offers the option of trading binary options with the ZAR. Which is why this is one of the deciding factors for the list above.
And why we have also enclosed this information for each of the binary brokers above. If you are unsure wether the broker offers a specific asset, check the broker website where this information is disclosed.
You can also contact customer support by email, phone or chat to find this out. The binary platform, meaning the binary option software used when trading, is an important part. You need a platform that enables you to make smart and strategic decisions.
Forexfbi vip also need a platform that provides you with a good overview of the asset you're trading with and the information connected with it. We have evaluated the platform of each of brokerx binary brokers on this site and they are all proper, safe platforms with a good overview.
But in fir end, this decision is a subjective one. So, it's not a bad idea to check the different platforms out for yourself before making a final decision.
This easily done by visiting the broker website or simply by opening a free demo account. Customer support is important for a number binarry reasons.
Description:Trading Binary Options South Africa provides you with a list of objective broker reviews and guide articles for more BOSR – × Top Home Page.