How To Choose Reliable Binary Options Trading Brokers

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Binomo Broker for trading Binary Options. Is it a good broker?

Posted by thomas | Jun 18, 2020 | Finance | 0 |

There is a huge variety of options when it comes to finding a good broker these days. Then, there are also some scams. This post will help you know about all the facts and conditions relating to Binomo for trading binary options. Find out if it is a good broker or not.

Nowadays it is hard to find a good broker because diversity is quite large and there are some scams outside. In this review, I will show you the facts and conditions of Binomo for traders. Is it worth to invest real money or not? – Find it out in this article.

What is Binomo?

Binomo is an international broker that offers Binary Options. It was based in the Seychelles and was founded in 2020. Tiburoan Corporation Limited runs the website and there are different branches throughout the world.

The IFC (International Financial Commission) regulates the broker and the CROFR has certified it. Overall, Binomo Broker allows you to bet on falling and rising markets with the Binary Options in order to make a high profit in a short period of time. More than 200 different asset options to invest in are offered by them. Ever since the launch of the company, the customer base has quickly increased continuously. The best thing about Binomo is that it is committed to improving its services for the traders.

Key Facts

  • No hidden fees
  • High asset profit
  • Begin with a small deposit
  • Regulated
  • Various branches worldwide

What is a Binary Option?

Before moving on to Binomo, it is important to know more about what a binary option is. It is a financial product which the buyer receives as a payout or loses from the investment made depending on whether the option expires in the money or not. A proposition of a “Yes or No” outcome is what the binary options are based on. Hence, the name binary has been given to them.

Binary options have an expiry time or date. In order for the trader to make a profit, the price of the underlying asset must be on the right side of the deal at the time of expiry. Binary options are automatically debited or credit to the trader’s account depending on whether there is a gain or loss when the option expires.

Basics of a Binary Option

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

The thing about a binary option is that it can be as simple as if the share price of XYZ would be above $30 on May 11, 2020, at 11.30 p.m. Based on this knowledge, the trader has to make a decision of either a yes (that it would be higher) or no (that it would be lower).

For example, the trader believes that the price would be above $30, at that time and date, and is willing to bet $200 on it. If XYZ shares do in fact rise above $30 on that time and date, then the trader would receive a payout based on the terms agreed. If the payment had been 60%, then $120 would be credited by the binary broker to the trader’s account. However, if the price trades below $30, at that time and date, the trader would end up losing their $200 investment in the trade.

Takeaways

  • Binary options do not offer traders to be able to take a position in the underlying security.
  • A fixed payout and loss amount is set by binary options.
  • A payout is received by traders if the binary option expires in the money and a loss would be incurred if it expires out of the money.
  • The outcome of the binary option would be a “yes” or “no”.

Regulations

Occasionally, the binary options are traded on platforms that are regulated by the SEC (Securities and Exchange Commission) and some other regulatory agencies. However, most of the binary options occur outside of the U.S. and might not be regulated. It is due to these unregulated binary option brokers which do not follow a set standard that there is potential for fraud.

Conditions

Binomo provides traders the opportunity to invest in rising or falling markets with the Binary Options. It is just like how one would bet on a specified time horizon. Anyone can trade Cryptocurrencies, Commodities, Stock and Forex on the platform. The best thing about the broker is that it offers services 24/7 everyday. One can even trade on the weekend with a high investment return.

Traders have the option to trade short-term or long-term. The asset profit is as high as 87 percent for the Binary Options. There are different types of expiry times. A VIP-status can be achieved if you add more than $1,000 to the account with a higher asset return. The best thing about Binomo Broker is that there are no hidden fees. There is no commission charged for deposit or withdrawal of funds.

Beginners can begin with a minimum of just $10 deposit. It is a very small amount of money which is why Binomo has become a highly popular option for traders. Furthermore, the minimum investment amount for trading is just $1. Anyone can trade an asset with just $1 and without any fees. Therefore, the conditions offered are some of the best that can be found in the world as compared to other brokers.

How does Binomo Work?

Being a simple financial product, one can easily bet on rising and falling markets at the specified time horizon. Simply choose the expiry time for the trade and whether it is to be long-term or short-term. After the expiry of the time, the trade would automatically close and one would either get a payout or lose the amount invested. You can predict the direction of price of an asset and trade in the direct that you think would be right. The only thing about the asset is that it should either move up or down of the entry point in order to make a fixed profit which depends on the asset traded.

There is the only risk of the invested amount which makes it limited. One would only lose the investment amount or end up winning a fixed profit. This is something very important as most financial products do not offer limited risk.

There are 6 steps which you need to follow when trading binary options on Binomo Broker. These are listed as follows.

  1. Choose the type of asset and analyze it.
  2. A forecast of the future price movement should be made.
  3. An expiry time needs to be selected.
  4. Invest as much as you want, starting from just $1.
  5. Click on Put (Short) or Call (Long) to open the trade.
  6. Earn big with the right forecast.

Every successful trader knows that losses can be an emotional experience. However, it is important for one to use sensible money management techniques. Remember, if one loses a huge sum of money, they would be more likely to trade irrationally and lose even more money in the future. Therefore, always make sensible money management decisions.

Just like any other financial product, Binary Options are also risky. If you cannot afford to lose, then you should probably not invest the money. There is no guarantee of profits. But, there would a higher chance of a profit if you have the right knowledge.

Try Mobile Trading With Any Device

A great thing about Binomo is that it offers mobile trading options as well for every single client. Download the app for tablets and smartphones to trade. It is available for both apple and android devices.

Mobile trading has become a huge market. Always stay connected to the market news and invest, even when on the road. You could earn huge sums of money with just your smartphone. The apps works effortless on the smartphone, just like the web version. Expect the execution of trades to be very quick and use the same options as the ones found in the web version.

Open a Free Demo Account Today

Trade with virtual money using the demo account, there are various advantages of using it. Beginners can use it to practice before investing their hard earned money. Furthermore, the advanced traders would be able to use the account to improve their strategies and learn to trade in new assets. Trade without risk using the demo account as it is the perfect option for obtaining more knowledge of how to use the trading platform. Switch from the demo account to the real account in just a few seconds with Binomo. It truly is one of the best brokers out there.

Open a Real Account

Easily switch to the real account with a click as the demo account is linked to it. One needs to fill the account form to trade with real money. Additional documents along with personal information would be required by the broker. The account needs to be verified for profit withdrawal. It takes less than 24 hours for the verification. Simply upload your passport photo and have the account verified, and use all of the functions that the real Binomo account has to offer.

The sign up only takes a few seconds which is why it is very easy to open an account with Binomo. Either use the dollar or euro currency to open the account. The best thing is that there are no hidden charges and it is entirely free.

The minimum deposit is just $10. Different payment methods can be used to capitalize your account such as Cryptocurrencies, E-Wallets or Credit cards for the deposit. It is the same for withdrawal as well. Both withdrawal and deposits are super fast. Withdraw the profit that you make directly when using the platform. There are no commissions that would be charged for the transaction.

Different Account Types

At present, Binomo offers its clients with 4 different types of accounts. The deposit amount influences the status of the account. This is one of the greatest features of the Binomo platform. With a higher deposit, clients get to use a higher account type and use the special features and make more profits.

Standard Account

One of the most basic accounts which traders can use is the standard account. All one has to do to use the standard account is deposit an amount of $10 and use the full functions of the Binomo trading platform.

  • Technical Support
  • Withdrawals in less than 3 days
  • No limits to it
  • Get to participate in contests and tournaments
  • The minimum investment amount is just $1
  • Earn a fixed profit of 85%

Gold Account

There are more special privileges and special events for the gold account that help increase the profit that a trader makes.

  • Earn a fixed profit of 86%
  • More assets to choose from (over 100)
  • A higher bonus can be made.
  • Weekly cash backs of 5%
  • New strategies to choose from
  • Receive education from traders that are experts
  • Personal account manager

VIP Account

Finally, the VIP account is the best and it offers you some of the ideal trading conditions

  • Weekly cash back of 10%
  • VIP education and support
  • More assets are available
  • Withdrawals can be made in less than hours
  • A higher asset profit of 87%
  • Make bonuses of up to 10%

Conclusion

The trade execution offered by Binomo is one of the fastest which one could possibly find. There are no connection problems or any lags. The platform is very flexible and works smoothly. In addition to the above, one can even customize the chart as they wish. The platform is clearly structured and one can use the hotkeys for trading. There are different options of the broker that can be accessed. Learn new strategies by looking at your trading history. The trading platform can be used by beginners as it is easy to use and advanced traders too. If you want to learn more then I found this honest Binomo Review. Read more about it.

How to trade binary options successfully – Basics

Notice to EU traders:

The European regulator ESMA made a prohibition of binary and digital options to retail traders from The European Economic Area starting from the 02.07.2020. In case you still want to trade binary options, you need to acquire the status of a professional trader on which this regulation does not apply. I recommend you have a look at the article – How to get the PRO status to continue trading Binary options

Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.

Where to next? (If you do not meet the requirements)

  • FX Options – Attractive alternative to binary options?
  • Read our in-depth guide for cryptocurrency beginners
  • Read how to trade forex and other CFD instruments

Traders outside The European Economic Area are not anyhow affected by this new European rule and can trade binary options (if the binary broker operates in a given jurisdiction).

What are binary options?

Binary options are a type of online trading, where you as a trader predict thru web or mobile platform, whether the price of a certain underlying asset will go up or down. Under the term – underlying assets we have in mind stocks of major companies like Google, Microsoft, FB…, currency pairs, indices and commodities (silver, oil, gold…).

If your prediction is correct you earn a fixed amount that you know before placing the investment. In most cases, returns from binary trades range from 170% to 192% per trade. So if you invest $50 you get an additional $35 – $46 to your initial investment. To create one trade you can invest as small as $1.

Beware, though at first glance it may look simple, binary options trading is not as easy as some portals may and do say. It is possible to make a lot of money, but it’s also possible to lose a lot. An investor who does not have any previous experience with the market and does not plan to acquire it can expect a great loss. To succeed in binary trading it is essential not to be naive and not to fall for scams that promise “bulletproof systems that will make money in your sleep” which are hiding behind every corner.

Read and study with TradingBeasts.com:

  1. The Ultimate binary options guide– and other articles in our Academy
  2. What reliable binary brokerswe have tested and we use for our trades.
  3. How to create a demo accountfor trading with virtual money.

How to successfully trade binary options

In our first step, we choose an asset we want to trade. In our example, we chose the currency pair EUR/USD with an 89% return from a successful trade. The choice of an asset is up to you. There are hundreds of underlying assets which we can trade, each asset has different profitability.

In the second step, we decide, when our trade should end and evaluate. So, if we want our trade to end in 30 minutes, we select an expiration time of 30 minutes.

Subsequently, we choose how much we want to invest in this particular trade. When we trade binary options we can invest as little as $1.

Now, we have moved to the most important part of trading at which we have to decide, whether the price of our option will go Up, or Down. When you trade classic binary options, only one of these three situations can occur. Either your trade will be successful and you receive a predetermined profit, which in our case would be $50 + $44.5 = $94.5. Or the trade will end up unprofitable and you lose the invested amount (the biggest amount you can lose equals to the investment you made). The third situation occurs very rarely and we can meet with it when the price doesn’t change at all (the price of the option when we entered the trade is the same as in the moment when the option expired). In this type of situation, most brokers give the investment back to the trader.

As you’ve probably noticed we get from correct prediction only 89% extra money from the invested amount. So, you might ask “How could possibly binary options be such a good extra income?”, when you don’t even earn 100% from what you have invested. The main reason behind this is because you can use binary strategies, which can significantly help you to create a majority of successful trades. Please bear mind that even with strategies no one can accurately predict the market and make all trades winners. Without binary strategies trading would be just a hazardous game that has nothing in common with meaningful and responsible investing.

What my profit will be like?

It depends entirely on you. With the right binary strategy, you can boost your capital by a few dozens of percent in a week. Equally, with a bad strategy or without a strategy you can just as quickly lose it. The basis is to be as patient as possible and to hold to your selected strategy, which you know that works (for example from a demo account). Binary options trading is about a long-term profit and not about making one (or even a row of) successful or unsuccessful trades.

Is binary trading risky?

Any kind of trading or investing is risky and you have to count with that. If you enter the world of trading you should invest only such amounts that you can afford to lose. Some fraudulent servers (or even scams) may encourage you to borrow money from your friends or family members, if necessary because it is a guaranteed thing that your investment will return.

But we are a serious portal and we most certainly do not advocate such claims. Although binary options have a great advantage that the risk is eliminated only to your investment into the trade, we, binary traders still operate on a financial market. And there are no guarantees. The market is merciful only to those who are prepared and know the risks. For instance, traders who do not apply any trading strategy can most likely expect to lose their capital.

Advantages of binary options

A great advantage of binary options is that if the price changes only by a single pip in your direction, you receive a full profit from the trade. Let’s look at an example. You entered a trade at a moment when the oil price was set up to a value of 1.5797 and you have selected the expiration time of 30 minutes and upwards direction. A 30-minute trade ended at the price 1.5798, thus it changed only by a single pip you will still secure for your correct prediction full profit from the trade. It is because in binary trading doesn’t matter, how much the price changes, but if it changes in the direction you chose.

Is it possible to try out binary trading? (Risk-free) Demo account

For traders who do not have a lot of experience with trading (or none), the demo account is a perfect opportunity to try everything out without giving at stake your own money. The demo version works on entirely the same principle as a real account, the only thing which is different is that you are trading with imaginary chips. That means that you can not make any profit from trading on a demo account, but you also can’t lose anything (apart from imaginary funds).

Most brokers offer practice account right after you load your real account with at least the minimum deposit. However, if your trading on a demo account doesn’t reach your expectations you can at any time withdraw the money you have deposited into your real account (if you trade with a licensed and a trusted broker). But we also know about brokers who do not require even initial deposit you can use the demo version freely with no obstacles. For more information read our separate article: free demo account for binary options

Where do we trade binary options?

The term „broker“ was already mentioned in the article. But do you know, who this broker really is? A binary broker is a company that arranges the transaction between a buyer and a seller. It is basically a place where demand meets supply. Here, you can trade. Every broker has its own web platform, so no downloading is required.

There are dozens of brokers or even hundreds of them. If you are looking for a reliable and trustworthy broker who cares about their traders you need to look for certain aspects. One of them is a broker’s credibility, which can be gained by a reputation among traders and by licenses. A license is obtained by a broker in exchange for a large fee to the regulatory authorities. These authorities are responsible for constant supervision over the broker and over all their actions.

Apart from credibility, we should focus on payouts, a minimum deposit, and a minimum investment. We should also find out whether our broker provides a demo account if we plan on using it. Traders who do not speak English can also appreciate a trading platform and customer support in their native language. On our website, you may find many broker reviews. Currently, as the best option is from our point of view IQ Option, a well established binary broker with superior payouts and a free demo account.

Broker Regulated by Regulatory agencies ensure that brokers/exchanges operate in a transparent and honest way. They protect the best interestest of clients and also feature an investor compensation scheme which protects trader’s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Max. Payouts Funds which are credited to your account in case of a correct prediction Special features A list of features that provide a given broker/exchange with a competitive edge. Ad Disclosure This Comparison / Page contains links to 3rd party websites of our top partners from whom we may receive compensation at no additional cost to you.
CySEC $10 95%
  • Superior Payouts
  • FREE Unlimited Demo
VisitRead a review
ASIC $50 90%
  • €50 Cash-Back Bonus
  • Accepts only Australian traders
Visit
CFTC $250 80%
  • Accepts US Traders
Visit

General warning: When trading with real money, your capital is at risk.
Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.
To see whether you can be classified as a Pro trader read this page

All recommended brokers went thru our testing process. In a 3 month time period, we act as a regular trader and we actively create trades as any other trader would. If we find out any problem with the broker, we mark him as „not recommended“ or even as a „scam“. The fact that a broker makes it to the selection of recommended brokers does not necessarily mean that it will stay there forever. In case that the broker is not capable of maintaining high-quality services as on the beginning, we reduce the rating of the broker on the website or we even completely remove it from the list of our recommended brokers.

How to determine, whether the price will go Up or Down? – Binary strategies

Some newbies try to do this by guessing and they usually determine the future price direction just according to the chart which is provided to them by the broker. I would not be afraid to state that such trades are completely random and made without using any strategy. But that is not the way we trade at TradingBeasts.com, we know that in order to become a successful trader who makes a long-term profit you most certainly need binary strategies.

Binary Options Trading Strategies and Techniques that actually work

Without any trading strategy, every binary trader has got half a chance to create a successful trade, because when trading classic binary options we have to only predict whether the price of an option will go up or down. That is, however, with 75-85% returns from a successful trade simply not enough and trading without using any binary strategy can never be profitable (or at least not in the long run). A binary strategy can significantly help us to increase our win. ratio and put the odds in our favour.

Following a strategy also allows you to constantly improve your results because all the trades you create have a meaning and they were built on the basis of a specific pattern. Which means you can repeat them, results which can be achieved again usually mean success. We have 2 types of strategies which we sometimes also call analysis. The first one is called technical analysis, the second one fundamental analysis. Some strategies might combine both of these analysis types.

Technical analysis

Technical analysis or the analysis of graphs engages in forecasting prices according to a repetitive pattern (formula). In order to find these patterns, we use different kinds of indicators and oscillators (such as the stochastic indicator, MACD, RSI and many more).

Some brokers offer on their trading platforms a system that can be used for complete technical analysis (One of such companies is e.g. IQ Option that has in-house built charting system). In case you seek a free service which focuses just on technical analysis, we would like to recommend you investors’ most popular analysis platform – MetaTrader 4. Here is an example of the MT4 with a 5-minute chart.

Fundamental analysis

The second type of analysis is fundamental analysis. This method focuses exclusively on economic statistics and economic changes which will most likely affect the value of assets. When we look at some large scale examples, then we most certainly have to mention the global crisis in 2008, in which investors had a great chance to invest on the drop of public securities of major companies, banks and investment funds etc.

On a smaller scale, hundreds of economic news are daily published (eg. unemployment and interest rates, inflation etc.). All of these and many more announcements are recorded in the economic calendar. These calendars include information about the impact of the news, time of their release, and the forecasted direction in which the price will most likely move. There are hundreds of economic calendars which are available on the Internet. One is even offered by IQ Option in their academy, the calendar is located in the top menu under the “for traders” section.

With what capital should I trade binary options?

The first two strategy types mentioned above are designed to predict the price, the following strategy is, however, a question of correct money management. When you fully adherence your money management strategy you will be able to get the absolute maximum from your capital, so don’t take this type of strategy lightly. Generally speaking, it is not recommended to invest in one trade more than 4% of your total capital.

Money management is very often overlooked, however, its importance is exactly the same as using any other strategy that will help you predict the price, sometimes even bigger. Take an example, your broker requires the minimum investment of $ 10 so you could open a trade. At the same time, the minimum deposit at such broker is $100. That means if you deposit only the minimum required amount, you risk in the very first trade 10% of your entire account funds; that is an enormous part of your whole trading wealth.

So theoretically speaking, you have money to open only 10 trades. Of course, all of those trades would have to end up out-of-the-money and that is highly unlikely. Nevertheless, if even just a few of them turn out to be unsuccessful (especially the first ones), you would get yourself into a big psychological pressure. Subsequently, you begin to doubt every trade and you will most likely slip from your trading strategy, which might result in further losses.

Testing binary strategies

Trading with real funds without a tested binary strategy entails high risk. For this very reason, it is of crucial importance that every trader is properly prepared before entering the real market. The most popular and effective way how one can prepare for real trading is using a free demo account for binary options. This practice account works exactly the same as the real one, with one huge difference, that you are trading with imaginary funds. Once you open a demo account try to strictly follow your strategy as you would with real funds.

The second option, how you can test binary strategies is to open, for example, MetaTrader 4 and at the time when you would normally open a trade, you make a note either to Excel or on a paper. Then you wait if the price of the asset moves in the direction you forecasted and you write down the result of each and every one of your trades. This way you will try to “create” as many trades as possible and then you calculate the overall success of your strategy.

How to Choose Binary Options Brokers in South Africa?

Choosing safe and reliable binary broker is the most important factor in binary options trading.

With many binary options brokers available on South African market, traders can select preferred one according to trading instruments and features these brokers provide.

In this article, we will cover all relevant elements of trusted binary options brokers in South Africa.

Traders can get clear overview of the most important segments of successful trading and how to choose the right broker with whom traders will be able to achieve high payouts in binary options.

If you want to trade with a regulated broker, definitely try IQ Option – the most popular broker in South Africa!

Importance of Binary Options Brokers in South Africa

South African traders can experience profitable binary trading journey with trusted binary options broker present on South African. Here on our list of binary options brokers in South Africa, traders can find many brokers who accept South African traders; some are CySec regulated while others are not.

However, it is important to note that we pay a lot of attention on Binary Options South Africa to promote only trustworthy brokers. This way, our readers can avoid scam and unpleasant trading experience.

Regulation Status

As mentioned above, South African traders can choose whether they want to trade with regulated broker or not. Regulation is not obligated and binary options brokers in South Africa can decide do they want a regulatory licence or they think it is not necessary. For more on regulation of binary options in South Africa, read our article here.

Brokers, such as Banc de Binary, 24option, Daweda Exchange, Opteck and IQ Option are just some of regulated brokers available for South African traders.

CySec stands for Cyprus Securities and Exchange Commission and its licence ensures investors to have a safe trading experience and they provide brokers a set of rules and regulations that they have to follow.

CySec supervises and monitors business conduct of regulated brokers and pays attention of their behavior in relation with investors.

Traders should know that it does not mean that unregulated brokers by default are scam. because that’s not the case. As stated above, regulatory status is entirely up to the broker and their goals and vision.

These brokers are trusted ones and present on South African market for a long time ago without any negative reports. Therefore, we strongly recommend traders to carefully read all broker reviews and see what types of trading tools and features these brokers offer and based on that, select preferred trading platform.

Terms & Conditions

In binary options trading, as an online investment, safety is the main thing most traders are interested in. This is why it is very important to wisely choose trustworthy broker with whom traders can have positive experience from the start.

Often traders wonder, is there a way how to spot right away is particular broker a scam. We advise our readers to invest little more effort into checking the review and their site to get a whole picture of the platform. But to start, traders should first check broker’s terms and conditions.

Today, a lot of traders just click Accept and don’t even read terms & conditions of a specific broker and we find this as a big mistake.
That is because terms and conditions should provide traders a complete and detailed information on available trading features and instruments. By not reading it carefully, South Africans can miss on the important segment of trading process.

In case traders have any questions after reading terms & conditions, the best thing would be to contact their customer support and get needed explanation.

Customer Support and Education

While choosing best binary options brokers in South Africa, customer support service is one of the main features important for successful binary trading process. Having up to date customer support, South Africans can get needed information during trading process, from how to deposit and withdraw funds to what tools and features can be used.

Brokers, such as StockPair offer various ways of how traders can get in touch with them, including email, live chat, web form and phone. Depending on the broker, customer support is available on other languages, besides English.

Easily reachable customer support is significant in the trading process, especially for new traders who lack experience and who have a lot of questions regarding binary options trading.

Education Center is also considered as one of the main elements in profitable binary trading. While selecting preferred trustworthy broker, traders should keep in mind that a variety of education materials is very useful for registered traders.

With the help of Education Center, South Africans can learn more tips and tricks about binary options and be few steps closer to maximizing profit.

Brokers, such as Opteck have an exquisite Education Center where traders all levels have access and can benefit from it. These education materials cover both relevant topics and strategies for beginner trading and advanced trading. This way, all levels of trading knowledge is completely covered.

Education materials include features, such as ebook, market news, economic calendar, different graphs and charts, numerous short term and long term strategies, guide articles etc.

How to Deposit and Withdraw?

Both deposit and withdrawal process are very important when selecting best binary options brokers in South Africa. Brokers who have unclear terms and conditions and bad reviews are not good choice to pick.

Trustworthy binary broker will list available deposit and withdrawal methods and provide detailed information for deposit and withdrawal procedure.

To get access to trading platform, traders first have to register. Each trusted broker will ask for few documents to confirm identity of the traders.

Scam broker often don’t pay attention to the procedure and later on, traders may experience bad business conduct while withdrawing funds. These documents are: copy of photo ID, proof of address and copy of credit card, if it’s going to be used in the trading process.

Reliable brokers from our broker list, use highly developed system of security, such as SSL encryption technology. Brokers who promise traders payouts right away should be taken with good watch.

Usually, it takes few business days from the time when broker receives and confirms withdrawal process to the time when money arrives on traders’ account. It can take up to 5 business days, with most brokers.

But to be absolutely sure, it all depend on a particular broker and chosen account type, since each account type has different characteristics.

Trading Features and Services

When choosing the best suitable broker, traders in South Africa should pay attention to what trading instruments and features are available. Reliable binary options brokers in South Africa offer many different services and trading tools to be used during binary options trading.

They include demo account, a variety of assets, trade options, number of trading accounts, mobile application, bonuses etc. All these features can be of great help while trading and if used properly, can lead to a high payouts in binary options.

Brokers offer South Africans a wide selection of different assets, including stocks, currencies, commodities and indices. By offering a lot of assets, traders can diversify and trade with different assets on different markets to increase chances of winning. One of benefits broker offer traders in South Africa is bonus.

Bonuses serve as great way to maximize profit in a way that they motivate traders. They may come as welcome bonus or redeposit bonus. Bonuses are not obligatory and they usually come together with a bonus terms that require a bonus turnover. It can be 20x or 30x and only after that, traders can withdraw their funds.

Also, trusted brokers offer a set of short term and long term trade options, such as 60 Seconds, High / Low, Boundary, One Touch, Ladder etc. Combined with them, traders need time of expiry and they can choose among those that expire in 60 seconds, hours or up to 150 days. All these depend on the particular broker and its trading platform.

Demo accounts and mobile app are one of the most popular features in binary options trading.

Trustworthy brokers, such as 24option, IQ Option and many more provide these services to their registered traders. With mobile app, traders can trade from anywhere and invest not only via computer, but on tablets and smartphones as well. They can get the app via Google Play or App Store.

Demo account is a very valuable service that has a lot of benefits. Demo is mostly used by traders beginners because it allows traders to test the platform for traders to get the touch of how real trading will look like. Both 24option and Banc de Binary offer demo to their traders.

On demo account, there is no risk involved since brokers ensure traders with a specific amount of virtual money. This is a great way for traders to trade with different assets and use strategies with no risk. The main goal is to practice and gain more trading experience for later on to invest in real account type and start profiting.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
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    Binomo

    Good Choice For Experienced Traders!

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