Binary options traders in south africa
We are eager for you to join us in this unusual method of trading. The thing that attracts so many people to trading Binary Options is the low-risk factor. First of all, you have an excellent chance of making gains. Second, you get to choose how much you put down on an individual trade.
This way, you are always in control. Another low-risk factor is that the amounts you invest are relatively small. Should you lose on a trade, it will be an insignificant amount compared to the potential profits you can make.
For some quick profits you can make, the risk is relatively minimal compared to other forms of trading. Open a free account , practice first, make your first deposit and start your journey to prosperity.
A quick guide to trading Binary Options Binary Options trading is perfectly legal for anyone in South Africa over the age of eighteen. Trading Binary Options you get the opportunity to predict what a price will do. There are only three possible outcomes. Either the price will go up or it will go down, or it will stay the same. Binary options follow the performance of real stock markets and real foreign exchange markets. All the information you need you can get on the platform you choose.
You believe that the rand will go down in value against the dollar. If your prediction is wrong, you will not lose more than what you put down. Binary Options trading is not like conventional trading. You can set the price movement prediction at a few minutes or a few hours.
One minute trading is highly popular because you can make quick profits in a short period. You have to predict what will happen to the price in the next 60 seconds. You will know within a matter of seconds and profits will be allocated instantly. You can then release your profits into your bank or credit card account whenever you are ready.
Or you could use your gains and make more Binary Options trades for a chance to build up your earnings pool. However you may be surprised to realize that binary options in South Africa is a potentially rewarding prospect. Regulation 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 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.
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.
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.