Try Trading Binary Options
January 24, 2016
Try trading binary options with a demo account to see if you have a natural talent for this form of online trading.
While trading in binary options offers high profits in the financial markets and a means to trade a variety of financial assets across many markets, you need to trade with a platform that understands South Africans.
Binary options trading is where you predict the movement of various assets. Whether gold, silver or US dollars, as a South African you will want to trade with South African assets such as the ZAR and to then also find brokers who offer the ZAR as trading asset.
Try Trading Binary Options – Leading Brokers are Right Here
Binary options trading is popular in South Africa and most brokers accept the registration of South African traders. There are quite a few traders who still aren’t sure if this kind of trading is allowed and legal in South Africa. Trading binary options in South Africa is legal but not regulated. Even so there are still excellent brokers located right in South Africa such as 24Option, CherryTrade, TopOption who have licences such as CySEC.
Security is always a priority with binary options trading and this is why for conducting online business, reputable brokers have the best security in place such as SSL encryption for protecting trader’s personal data and funds.
Sign up here with Traderush to learn more about binary options trading
Try Trading Binary Options – FSB Provides some sort of Regulation
Today, groups of binary options platforms from the UK, Canada, Australia, Cyprus and the USA are popular and safe, but there are new groups emerging in South Africa too. They are completely legal, with an official license to operate on the financial market with binary options. The FSB or the Financial Services Board who keeps an eye on the Johannesburg Stock Exchange, is a national government body that oversees the proper regulation of the entire financial services industry in South Africa and of binary option brokers.
The South African Government hasn’t set any standards for brokers, and this opens the way for fraudulent brokers, but as long as brokers are registered with the appropriate authorities, traders can have confidence in their services.
The Financial Services Board in South Africa regulates non-bank-related financial activities and services in the country as well as a complaint service for users to complain about unethical dealings. While the role of the FSB is to supervise many trading markets, this doesn’t include binary options, although their role is to promote credible investing in South Africa.
Try Trading Binary Options – Give it a Bash
Why don’t you try trading binary options – it can be as fun or as serious as you want it to be. You can do some exciting wagering and win or lose for sheer pleasure or you can be a serious trader wishing to become profitable. There are always going to be one or two considerations to think about if you have long-term trading in mind –
● ensure your broker is licensed and registered with the proper agencies
● choose a broker with a 24/7 helpline and chat services
● because brokers offer different payout percentages, choose a broker that offers high payout percentages
● choose a broker who offers a wide range of options to trade – trade assets which you know and which you can monitor in terms of market fluctuations
● choose a broker with a user-friendly platform which is compatible with mobile phones
● make sure your broker has a free demo account where you can practice binary options trading
Many people are being attracted to trading Binary Options because it is low risk factor and you can trade with small amounts, so if you lose, the amount you lose isn’t going to cause you any harm. Why don’t you give it a bash in 2016? You don’t have to be an expert to predict asset movements, you just have to be an expert at knowing when to throw caution to the winds and jump right in.
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All info was correct at time of publishing