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Is Trading Binary Options in South Africa Legal?
September 26, 2020 11:46 am
Due the growing popularity of binary options, the question must be asked, is this form of trading currently legal in South Africa and how has this market developed in South Africa over the past few years.
Lets first look at what the definition is of a Binary Option is. A Binary Option can be defined as the investors right to receive a payout at some specific or agreed event (usually time) that takes place in the future. Please note, the investor is not under any obligation to trade or purchase the option, they are purely given the right to do so. Binary trading is still a pretty new form or trading, while compared to a general option, its usually determined by the outcome of an event.
How does this apply to South African traders?
A Binary option is interpreted as a “derivative instrument” which according to the Securities Services Act of 2004 (SSA), is included under its own definition of a “security”. In early 2007, The Bond Exchange of South Africa (BESA), partnered with a well known company in SA with a plan to develop a new platform capable of allowing investors to trade securities and assets on the JSE using the Binary Option principles discussed above. This platform came into effect in December of 2007 after it was given approval by the registrar of security services. It is only recently that the popularity of Binary Options in South Africa have started growing. The main reason being is that it gives investors a relatively short view of a specific trade, a fixed risk exposure i.e. an investor knows their risk and can never lose more then what they invest.
In some cases trading Binary options is often compared to gambling, or specifically Roulette as there are only two possible outcomes. A trader can only predict whether a specific asset will move UP or DOWN, similar to BLACK or RED when playing roulette. The type of investors this product attracts are usually the goal focused individuals (General traders, bankers and economists) and only recently in South Africa this is now available for the general retail market. This type of trading also attracts risk adverse investors who may want to hedge their positions on their other trades.
According to an article from the South African Financial Markets Journal (SAFMJ), “this market, in its current form, is not regulated by the Securities Services Act, is not currently regulated by the Financial Services Board and is certainly not regulated in any form or function by the JSE. It is a market that offers little, if any, investor protection”. “Why then do Binary Options exist? The answer is simple, a benign regulatory environment and a profitable business model for the issuers – usually at the expense of the investor.”
According to an article written by The Bond Exchange of South Africa (BESA), A binary option is defined as the right, but not the obligation, to receive a fixed pay-out at some agreed future time at a pre-specified price of the underlying instrument. It is a relatively new form of market in which event driven futures are traded where the instruments traded are determined by the outcome of a future event. These instruments can be interpreted
as “derivative instruments” which are included under the definition of “securities” in the Securities Services
Act, 2004 (SSA).
Binary Options Trading – The Best Binary Brokers, Robots and Signals in South Africa
Best Online Trading Brokers
Binary Options South Africa
Best Binary Options Robots – South Africa
The goal we have set up is simple – to put together only those robots and binary brokers in the binary options industry which offer unique and effective trading features.
We are creating a place where South African traders can get informed and stay informed about trading solutions on the market which provide satisfactory trading experience.
Here, South Africans can learn what they need to know when they start looking for binary brokers or robots.
Find out about interesting trading features, handy apps and distinctive settings which stand out from the rest.
Our site has a mission to review binary brokers and robots for traders in South Africa and allow them insight into the exciting world of binary options trading.
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Secure Trading with Nothing but the South African Brokers and Robots Reviewed by Us
As one of the fastest growing trading markets in the world, South Africa has virtually hundreds of various brokers, automated binary robots and signal providers to offer to interested traders.
One would think such a wide choice would make the selection easier.
Yet, it is not quite so.
The first step toward success in binary options trading, be in with binary brokers or robots, is to know what to look for.
After all, what South African traders opt for in terms of trading software or broker can mean the difference between a plush bank account or an empty one.
What are Binary Options?
The opportunity for the public at large to trade binary options appeared in 2008 which caused an outright revolution in the trading world.
What are binary options and what makes them so appealing?
Binary options are a form of online trading which have an expiry time, two basic possibilities when it comes to underlying price direction and a fixed return.
The fact that attracts so many to binary options is multidimensional – the investment is affordable to the “Average Joe”, the basic principle is simple as the price of the underlying asset can go either up or down and it is all happening online.
Additionally, the trading can be done from virtually everywhere in the world where the internet connection is stable and traders may use all kinds of fantastic trade options and tools so it becomes much easier to understand the interest binary options draw from people.
There is a longish list of trade options which can be used such as the newbie favourite High/Low, 60 Seconds, Pair Options, Range Options, Ladder Options, One Touch…
Another point in favour of trading binaries is that traders know the risk, the profit and the potential loss in advance which makes money management much easier. The possible payouts are very attractive as well.
Traders are the ones who set the underlying asset’s price direction and its expiry time.
With all the benefits, it is understandable that many on the South African market wish to participate so the question how to do that is important. However, what prospective South African traders have to know before they start is that this form of trading is suitable for all.
Benefits of Successful Binary Trading in South Africa
Naturally, there are other forms of trading available on the market like Forex, yet binary options are far simpler and the possible gains go higher.
With binary options, South African traders have the absolute control when it comes to their trades and they also know the risk involved. Another aspect of binary trading makes it a very appealing prospect – it is not possible to lose more than the invested sum.
As indicated, trading binaries is versatile and South African traders may use not just various options but also a great selection of expiry times. Some can be as short as 30 seconds or as long as 150 days. This also provides a very individualised approach to trading as different traders have different trading styles.
It is also possible to use various trading strategies which can be combined with the selected expiry times. It is important to know that short expiry times are riskier but are also more profitable and very exciting.
The profits also depend on the selected binary broker so those may range between 70-93% which is an industry average. These numbers make it even more apparent why binary options trading is so popular, both in South Africa and around the world.
Traders may invest in a verity of underlying assets which are typically sorted into four categories of stocks, commodities, currencies and indices. Binary brokers provide an Asset Index where traders can see a complete list of available underlying assets and the total number may go over 200 with some brokers. This truly provides numerous trading possibilities.
The trading platforms are, especially with established brokers, modern but very efficient and user-friendly. That makes it even easier for beginner traders in South Africa to join the ranks of those profiting from binary options.
Additionally, traders can find a well-stocked selection of advanced tools and features to help them not just to trade but improve their skills as well. One of the most popular trading features is the demo account.
How to Trade Binary Options in South Africa as a Beginner
In our guide for dummies, South African traders can pick up various tips on how to approach binary options trading as a beginner and what they need to know before they invest their funds.
One of the first thing traders have to be aware of are scam brokers. Binary options trading is popular and widespread and there are those who are trying to take advantage of that using any means necessary. The good part is that traders who invest a bit of time into research and education can learn what to look out for. More importantly, they can learn the signs which typically point to a scam broker.
On our site, traders can find plenty of interesting and useful broker reviews which will provide info on all the essential aspects important for that broker.
Low minimum deposit is always a good choice for beginner South African traders, and brokers like IQOption ($10) or Binary.com ($5) could be a great starting point.
Starting Your Trading Journey with a Reliable Binary Broker?
Not knowing is not a problem because traders can learn. Educational materials, great advice and useful tips are just a click away.
We suggest that South African traders start by investing time into selecting a binary broker which provides a secure trading platform together with a variety of underlying assets and trading features.
We provide a list of best binary broker reviews which can be a huge help for all prospective South African traders. These brokers are, in most cases, regulated by one of the regulatory authorities which is also important as it provides more confidence.
Why Do Traders Have To Read Broker Reviews?
Financial trading or investment without a certain amount of risk does not exist. Yet, in binary options trading that risk can be minimised by being properly informed. This is where the importance of broker reviews come in. When South African traders read broker reviews they obtain valuable information before they select a broker for binary trading.
We work hard to make our reviews as objective as possible, providing detailed information about trading platforms, available underlying assets, payment methods, withdrawal procedure and customer support.
Our site is designed to give traders in South Africa valuable input about broker’s services and trading options so traders can decide whether they want to make a deposit with a certain broker or not.
As mentioned, there are risks involved with any kind of financial trading and losses occur, just as profits. It is possible to find negative and highly subjective opinions of traders who have lost their investment on various forum sites. Often, they will be filled with frustration, dissatisfaction and only the partial truths.
We advise traders to consult reviews written on BinaryOptionRobot.com where they will be able to find a selection or useful info rather than going to obscure forums which are more often than not used simply to vent anger and frustration.
Experience and Profit from Demo Account as a Beginner
Demo accounts are one of the best allies South African beginner traders can have in binary options trading. There are plenty of brokers listed on BinaryOptionRobot.com which provide demo accounts for their traders like Opteck, 24option and 365trading.
The demo account is the perfect practice field since it is a risk-free environment due to the fact that funds are virtual and not real on the demo. Traders who utilise the demo account can gain more knowledge but also confidence.
Once they have done sufficient practising on the demo they can move on to a real account and start their binary options trading journey.
Binary Auto Trading
What Do You Know about Binary Auto Tradingin South Africa?
Binary options trading can truly be done by anyone, that is why it became so popular so quickly. Yet, a certain level of knowledge and skill is necessary to get that which all binary options traders want the most – profit.
Binary auto trading grew from the desire to make this online trading venture even more accessible to a large public. It is not easy to take up something new, especially when it comes to investing money. This fear can frequently keep inexperienced South African traders back. This means that often, traders would get stuck between the rock and the hard place. They wish to participate and profit but are too afraid to do so.
Then, there is also the aspect of learning to consider.
That means that South Africans who wish to do binary trading successfully have to invest time into learning about trading strategies, market monitoring and other aspects necessary for binary trading.
Yet, not all traders are willing or in a position to do that. Luckily, there is a solution and it is called binary auto trading. Or, trading with binary options robots as this manner of trading is known better. This way of trading is becoming very popular and it is easy to understand why.
As one of the best software currently available on the market, we reviewed and checked Binary Options Robot, which is completely free trading software that works so as to place trades in various underlying assets respecting traders’ wishes.
This advanced trading solution makes use of the amazing technology available today to scrutinise the circumstances on the South African market and then place trades according to settings adjusted by traders.
It may also achieve high payouts which makes Binary Options Robot even more attractive trading solution for inexperienced South African traders.
What is Binary Automated Trading?
South African traders who take up financial trading of any kind usually have one driving force – to achieve healthy profits. Availability of binary options trading in South Africa allowed millions of people the opportunity to participate in this form of online trading.
Trading binary options is known as an easier and more simplified form of financial trading and with binary automated trading that simplicity was taken to a whole new level.
What binary auto trading is an added benefit which has managed to attract even more traders.
It took the already straightforward trading process and made it even simpler. Instead of the traders doing the research and learning about various aspects of the trading binaries they simply have to adjust the settings.
Once that is done, binary robots do the rest of the hard work.
The reason why so many traders in South Africa and around the world, now favour this manner of trading is the amazing technology that is behind it.
Advanced and complex algorithms scan the current market situation and generate trading signals. Trading signals are essentially information communicating which trades have the highest chance of being successful.
Naturally, these signals are generated based on the trader’s preference, they are not random. As is the case with standard binary trading, risks are present in binary auto trading too but the process is made even easier and probably much less daunting.
In order to help and guide prospective binary options traders who are interested into binary auto trading, we at BinaryOptionRobot.com will provide a lengthy guide into South African binary auto trading which will, hopefully, be an excellent springboard for a profitable trading journey.
Binary Signal Provider Types – South Africa
When it comes to generating signals, two types of signal provider software are available on the South African market.
On the one side, seasoned and experienced South African market experts create trading signals, and on the other traders may opt to use signals generated by complex trading algorithms.
In the first case, trading signals are human-generated. While this certainly has some drawbacks, to South African traders have to know that all financial markets have the human element present.
Therefore, a team of professionals with deep knowledge trading combined with the understanding the human nature, can be very good for achieving success.
The second type refers to the signal provider software which is firmly based on sophisticated, advanced and innovative technology which utilises complex algorithms in order to generate binary trading signals.
The algorithms scan the South African market to pinpoint trading opportunities which are likely to end in profits. Since algorithms are designed in such a way to include various parameters and factors, the so-called “human error” is considerably reduced.
It is neither possible nor fair to place one above the other when it comes to the type of signal providers, this is strictly down to traders’ preference.
At any rate, once the signals have been generated and delivered, South Africans can then use them to trade binary options.
Advantages of Binary Auto Trading Signals in South Africa
Several binary options signals providers have been reviewed on our site in order to provide useful info to our readers from South Africa.
Traders can find detailed information about services offered by each provider, the price and comprehensive data concerning their tools and features.
The appearance of South African signal providers and binary auto robots, could be a great solution for many traders.
Yes, some amount of research to choose the right binary robot and the equally suitable binary options broker is still necessary, but the rest is no longer a problem.
South African traders are not required to follow the financial market and all the events taking place. They even don’t have to know a lot about underlying assets or what might influence them. The same can be said about the trading strategies because the trading software does all the hard labour for them.
The market is observed and analysed either by advanced algorithms or, alternatively, trading experts. Binary trading signals are generated and delivered, containing the information of which trades have the best chance of yielding profits. Most binary auto robots, require that South African traders set the preferences in terms of which underlying assets they want to trade, how many trades per day they want the trading software to execute.
Traders can also set the daily budget which is a fantastic way to manage the money. Once those settings have been adjusted according to traders’ preference, the binary signal providers will do everything else.
Naturally, there are differences concerning quality, settings, features, tools and the number of underlying assets provided by various signals providers and binary robots, but the bottom line is – they do the hard part for the South African traders. They can the market and generate trading signals which have the highest probability of being profitable.
Again, there is no such thing as a 100% guarantee that every trade will end in success and traders have to keep that in mind before they decide to go into binary options trading.
Binary Signal Providers
How to Choose the Best Signal Provider in South Africa?
We at BinaryOptionRobot.com, are here to offer latest binary news to South African traders who are considering taking advantage of binary options auto trading. However, all advice and tips we give here are used at traders’ risk.
It is not possible to favour human-generated trading signals over those created by an algorithm. Traders have different preferences and there is no right or wrong here.
But, what we can do is offer all prospective South Africans some handy tips on how to approach binary auto trading which can make the decision-making process at least a bit easier.
We have researched various signal providers in South Africa and here are some of the tips on how to choose trading solutions that provide the best ratio of quality and effectiveness.
What to Look for in Binary Signal Providers?
The minimum deposit is usually the first thing South African traders investigate. In the majority of cases, the signal providers or robots are completely free.
This means that traders do not have to pay extra to use them. They do have to make a deposit to start trading. The deposit is made with one (or more) of connected binary brokers who support automated binary trading. While the deposit amount can vary, in most cases it is around $250.
Another thing to look out for it to select a signal provider which is connected to well-established and preferably regulated binary broker.
Another thing to look out for when it comes to how to choose the best signal provider in South Africa is not to fall for unrealistic promises. As we pointed out – there is no such thing as a 100% guarantee to make profits. South Africans should stay away from such signal providers and select those which make realistic promises.
We also suggest traders in South Africa to opt for a binary robot which always demands that traders have to be logged into their account and present online when the trading process is taking place. Traders should also be the ones who adjust and set all the preferences and settings on the trading software.
Another important element which is sometimes overlooked is the quality provided by the customer support agents.
We strongly suggest that South Africans test the customer support service before they make the final choice.
Automated binary trading is getting more and more popular which means that the number of binary robots/signal providers grows almost daily. Selecting the best one is not easy, but in paying attention to tips we have provided it can be a much easier and less stressful process.
If traders also dedicate some extra time to reading various binary signal reviews available on our site that process will become even easier.
What is the Best Binary Options Auto Trading Robot in South Africa?
An increasing number of binary options auto trading robots available on the market does not make the answer to this question an easy one. However, as is always the case, some binary robots are more popular than others.
Binary Options Robot is one such trading software. It has managed to profile itself as the best South African binary robot in 2020. This title came as a direct result of outstanding services this binary trading solution provides to its registered traders.
Based the information available on their site, this is a 100% controllable binary trading software, it is free and it does not require any additional downloads or installations.
Binary Options Robot Software – Special Technical Information
One of the most appealing aspects of this trading solution is that Binary Options Robot offers its services for free. The registration process is simple, quick and free and South African traders can select any binary options broker available with the Robot.
What South African traders get to experience with Binary Options Robot is an advanced form of technology which uses API connection which then connects Robot backend to binary brokers. In using API technology, fast information processing is possible and, as the saying goes – time is money. And in binary options, time is of crucial importance.
Binary Options Robot uses a sophisticated trading algorithm which not only takes into account the present market situation, but also makes use of the information obtained via indicators, entry points, candlestick formations as well as risk management rules.
South African traders are free to use Binary Options Robot from any device which has good internet connection.
The Robot can and will trade only when it is connected to the internet. This is an additional protection for traders as that means that nothing happens without their knowledge.
South African traders get to choose among over 50 available assets. It is recommended to keep most (or all) underlying assets active at all times. This will generate more trading signals and more opportunities to make profitable trades and it does not cost anything to keep them active.
Traders also have a handy History tab which depicts all trades carried out in the past with all details about that trade.
There is another perk which comes with Binary Options Robot and which has been pioneered by this trading software called the Auto Trade Approval.
The Auto Trade Approval is a kind of a pop-up window that allows traders to have the control over their investment choices. When the Robot scans the financial market and located the optimal trade, it transmits that information to the trading dashboard.
This info appears in the form of the Auto Trade Approval providing relevant details about the trade. South African traders will see the underlying asset, investment value, a suggested put or call option as well as the expiry time for accepting the trade. What auto trade approval does is give traders the ultimate control as they get to either accept or decline the suggested signal.
Traders have the final say with Auto Trade Approval.
Binary Options Robot – Advanced Trading Features for Better Performance
The further attraction of Binary Options Robot is given in the fact that South Africans needn’t be trading experts to use it and hopefully profit from it. Naturally, it is always better when traders do know and understand the basics of binary options trading and are familiar with trading strategies.
Experienced binary traders in South Africa can also find this to be an exciting trading prospect since they can simultaneously trade with more binary options brokers.
This can be achieved from the one trading platform so traders know what is happening at all times and can manage or adjust their trading plan easily.
By analogy, this also indicates that South Africans do not need to open more than one trading account with Binary Options Robot.
South Africans have more than 50 underlying assets available which are grouped into currencies, commodities and stocks.
Binary Options Robot also provides Daily Stop Loss feature that which allows more protection for traders’ investments. The Stop Loss feature gives traders free reigns over how much they want to invest on daily basis. Once the set level has been reached the Robot will no longer trade. This is great as South African traders can create a solid investment plan and avoid unnecessary losses.
Maximum Daily Trades is yet another helpful feature that South African traders should use. This tool is designed to help traders set the maximum number of trades per day.
Trading Amounts feature is a handy way to define an amount that could be invested for specific underlying asset groups. For example, with Trade Amount traders can define that they wish to invest $200 in currencies, $100 in commodities, and perhaps $50 in stocks.
How to Open an Account With Binary Options Robot?
The registration process is simple, fast and straightforward with only the basic info required to open an account with Binary Options Robot.
The South African traders will receive a confirmation mail after they complete the registration process. After the registration is done, the traders have to make a deposit with more or more available binary brokers after which they can initiate the trading process.
Created and designed to be user-friendly, especially for newbie traders, the Robot will open one broker account for traders once the finalise the trading process. Depending on the country, in this case South Africa, Binary Options Robot will choose the best available binary broker. Later, the traders are always welcome to add more brokers to their portfolio.
Another thing should be kept in mind – if South African traders already have a trading account with one of the brokers available on Binary Options Robot it is not possible to use it this trading solution.
Traders have to register using Binary Options Robot if they wish to use this trading software.
Binary Options Robot VIP Account
However, the cherry on the cake when it comes to this binary trading solution is Binary Options Robot VIP account. This advanced trading account is free and traders become eligible to use it as soon as they make a deposit with one of the available binary brokers connected with the Robot.
When South African traders make a deposit for the first time, they will be in a unique position to use the VIP account for one month completely free of charge. And even after that first month is up all they need to do is make another deposit and the VIP membership will be prolonged.
Binary Options Robot VIP account is a collection of advanced trading features designed to further boost traders’ chances of securing success.
Contained within the VIP account, South African traders will find Trading Strategies feature, Risk Level features and Expiry Times features.
Until recently, this account numbered four strategies but now a new one has been added – Order Flow strategy which means there are now five in total. With Risk level feature traders may adjust the risk factor and with Expiry Times, South Africans can test both short and long-term expiry times.
Fintech Limited, which appeared on the South African market in 2020, is another potentially interesting binary robot.
A free binary options auto trading system, Fintech Limited provides handy trading features such as mobile trading app. Trader Sentiment is another useful trading feature which enables Fintech traders with a chance to monitor other registered traders and depicts the number of manual trades vs auto trades.
South African traders who opt to use this binary options trading robot traders get to experience aspects of social trading and copy trading via Sentiment feature.
Profitable Auto Trading Is The Key?
As evident by the info we provided here, binary auto trading can save a lot of time. Plenty of new and interesting auto trading robots are appearing on the market at all times bit not all of them will be equally successful and provide traders what they want in terms of profits.
Risks are ever-present and South Africans have to keep that in mind. However, in following at least some of the suggestions we provided here as well as testing out binary solutions such as Binary Options Robot, auto trading could be the key for many South African traders.
And of course, investing at least a little bit of time into education can only help along the way. Reading reviews on various binary robots and signal providers will allow South African traders to have a much wider and fuller picture. That, in turn, should make the selection easier.
The Importance of Binary Brokers for Successful Auto Trading Process
To say that the success of profitable binary options trading depends on a single segment would be a complete fabrication.
As always, there are many elements that must come together for traders to achieve the ultimate prize – profits.
Yet, one could argue the point that some elements are more important than others.
And two of the most important ones is the right combination of established binary broker and superbly designed auto trading robot.
As pointed out earlier, it is always clever to check the regulation status connected brokers have. If they have been regulated by regulatory bodies such as CySEC in Cyprus, ASIC in Australia, FCA in the UK, CFTC in the United States or FSB for South Africa. There are other regulatory authorities around the world as well and this may point out to the quality traders may expect from a certain binary broker.
South African traders must be aware that a regulatory license is not a guarantee, but it still provides additional security for binary traders.
Having a superb binary auto trading system will mean very little if the binary broker is a scam or simply does not put adequate effort into providing quality services.
Which brings us back to the point that we, at BinaryOptionRobot.com already mentioned – taking the time to do proper research. This does not just refer to the matter of binary auto robots and binary auto signal providers which, recently, seem to be overlapping concepts, but to binary options trading in general.
By selecting a South African signal provider or binary options trading robot which trades with only those binary options brokers which have withstood the test of time and provide the best possible service to their registered traders, is the union which stands a fair chance of bringing about healthy profits.
Our advice stands – traders should read broker review sites which offer advice and info on best binary brokers on the South African market.
The site also contains fantastic guides and strategies which can all help South African traders to expand their knowledge on the binary options trading process in general.
And in doing so, all prospective traders will also be able to grasp the basis of binary auto trading as well.
Customer Support and Education in South Africa
Successful binary options traders know to never underestimate the power of knowledge in binary options. There is no need to pay for expensive courses or colleges, as many good brokers offer quality educational materials. One of them is the popular and widely used 24option. On their platform, South African traders can find an entire section full of useful tips.
Another important thing to keep in mind is the professional, accessible and friendly customer support service.
When everything goes well, customer service is something the average trader doesn’t take into consideration, but if things go downhill it is important to have a good customer service to fall back on.
Customer service nowadays typically provides several different communication channels. Depending on the selected binary broker, South African traders can contact them via phone, email, live chat or skype.
Before making a deposit, traders should definitely test if the broker offers the satisfactory customer support service. Sometimes the customer service is available only in English, and sometimes in more languages, so South Africans have to make sure to check if they offer service in either their native language or in the language they understand and can communicate in.
Sometimes not even the best customer service will be able to solve a problem in record time, however good customer service will always give traders all the necessary information and support they might require.
Forex Trading South Africa: What Is Forex Trading in SA? Forex South Africa
Forex Trading South Africa: South African Forex Traders can now find useful information through this Forex Trading South Africa website. We pride ourselves as one of the most reliable and trustworthy independent reviewer of Forex brokers in South Africa.
What exactly what do we do at ForexTradingSouthAfrica.co.za (Forex Trading South Africa)? We provide useful information about everything you need to know about online currency trading. Our goal is to provide all the details you need to know about Forex. Especially Forex Trading for Beginners.
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What is Forex?
Forex or FX stands for Foreign Exchange (Exchange Currencies). It is the world’s most traded market, with turnover of $5.3 trillion per day.
What is Forex trading?
Forex trading, also known as foreign exchange, FX or currency trading, is the act of you buying foreign currency at bid price and selling it at higher price in future to make profit. Forex Market is the place where one can trade in currencies. Price of one currency in Forex trading is always determined in another currency because you always buy one currency using another currency. You trade in ‘currency pair’ in a form of CFD Trading, where CFD is speculation on the asset value. Example of a currency pair is ZARUSD or GBPUSD. It is a Standardized Currency Code.
Forex Trading Regulations in South Africa
At Forex Trading South Africa website, we discovered that many people became aware of the forex market since the initial start-up of the internet. However, South Africa started participating in foreign exchange about 17-years ago.
Forex Trading SA
During this time, there were no regulations or institutions such as FSCA that prohibited people or companies to start their own forex trading companies. This led to forex investors and traders losing millions due to fraud. To make sure that forex traders in South Africa do no lose their money, regulations were established to prevent fraudsters from scamming people. Regulators also make sure that brokers follow the law and they provide insurance for the traders’ funds.
The Financial Sector Conduct Authority (FSCA) is the institution that protects South Africans in the non-banking financial sector. When you choose a broker, you are advised to always check the FSCA list to see if your broker is regulated and for what instruments.
If the selected broker is not regulated by the FSCA, check if it’s regulated by another regulator such as the FCA (United Kingdom), CySEC (European Union) or ASIC (Australia).
Forex Market Trading Hours
Forex trading hours in South Africa, Forex works 24/7 and 5 days a week except for the weekends. The main trading centres are in New York, Tokyo, Hong Kong, Paris, Sydney, Frankfurt, Zurich, London and Singapore. However, banks across the globe also participate in trading.
- Sydney Open – 07:00 AM Sydney Close – 4:00 PM (US Time) – 08:00 AM in South Africa
- London Open – 08:00 AM London Close – 4:00 PM (US Time) – 06:00 PM in South Africa
- Tokyo Open – 09:00 AM Tokyo Close – 6:00 PM (US Time) – 10:00 AM in South Africa
- New York Open – 08:00 AM New York Close – 5:00 PM (US Time) – 11:00 PM in South Africa
How to start Forex Trading at ForexTradingSouthAfrica.co.za
How to start trading Forex? Before you begin forex trading, you need to decide which currency pair you wish to trade. At ForexTradingSouthAfrica.co.za we exist to help you choose. There are over 65 currency pairs to choose from. You then decide on the type of Forex trade, whether CFDs, Commodities or Forex. After you have decided what you want to trade, you can buy or sell currencies.
Forex is traded in pairs, this of USD / ZAR, USD is the base currency and ZAR is the quote currency. For example, One US Dollar costs R13.41. Imagine you buy 1 000 US Dollar and you pay R15 910 ZAR. Later that day, the USD rises. When you close your position by selling the USD 1 000, you will receive ZAR 16 160. Meaning you will receive a profit of ZAR 250.
But imagine if the USD decreases later that day, when you close your position by selling the USD 1 000, you will then receive ZAR 15 660, losing ZAR 250.
Reasons to Trade Forex in South Africa
- When you trade currencies, brokers make sure that they give you powerful currency trading platforms. You can trade currencies manually or use automatic trading.
- Most brokers are internationally regulated online forex trading companies, so you can trade peacefully.
- Trade leveraged trading up to 400:1 leverage on popular traded currency pairs such as USD / GBP or USD / EUR
- You get a chance to trade more than 60 currency pairs. You can trade major, minor and exotic currency pairs.
- Trade with low spreads
- Most Forex Trading brokers offer demo accounts for practice, as well as free manuals for forex education.
- You also get to choose from a wide variety of languages
- Guaranteed 24 hour, 5 days a week multi-lingual call centre customer service
- You can open a trading account with any of the above mentioned SA regulated brokers.
Types of Forex Trading Accounts
- Demo accounts – Demo or practice account, uses fake or virtual money. Demo accounts are for training purposes. If you are a forex beginner, you need to practice with demo before trading with real money.
- Cent Accounts – have a minimum deposit of $5 (+/- R80), Spreads from 1.5.
- Standard Accounts – have a $100 minimum deposit (+/- R 1,400), Spreads from 1.3.
- Micro Accounts – require a minimum of $100.
- Mini Accounts – this type of accounts does not require clients have a minimum amount. Some brokers recommend mini accounts for beginners. It has loose spreads.
- ECN Zero Accounts – require a minimum deposit of $500 and provide 0-pips spreads in exchange for transaction fee. Some experts don’t recommend this type of forex account for beginners; only experienced traders with sizable assets can choose it.
- Premium Accounts – have a $2,500 minimum deposit. Premium accounts give traders access to a wide range of expert advisors and auto-trade benefits.
- VIP Accounts – require a minimum deposit of $20,000 or more.
After you have decided which forex trading account you wish to choose, you can sign up an account with a broker. After signing up, the broker will verify your information through a phone call and you will also be required to submit supporting documents such as copy of your ID.
How to open a forex trading account in South Africa?
Before you open a live forex trading account, you need to understand how forex and market analysis work. You need to understand that the currency market here might be different from another country. Here, trade forex involves taxation. The South African Revenue Services (SARS) taxes trading profits for forex traders who trade in SA and make regular profits. According to SARS, Tax rates range from 18% to 42% depending on the amount of profits generated and other factors relating to each individual’s tax status.
You also need to have knowledge about the regulation in your jurisdiction. Brokers in South Africa are regulated by the South African Financial Sector Conduct Authority (FSCA), which is is responsible for market conduct regulation and supervision. Forex brokers, who are licensed and regulated by the FSCA, are not permitted to give clients’ information to third parties and are required to maintain trader funds in separated accounts.
How to trade Forex in South Africa?
You need to understand the foreign market before you start Forex trading SA. The market opens 5 days a week from 5pm EST on Sunday until 5pm EST on Friday. Below are steps to take before you begin to trade currencies:
Step 1: finding the right South African Forex broker
With the help of the best Forex trading brokers, you can run trading strategy smoothly, both in technical analysis or fundamental skills. But you also could end in failure if the broker you choose turns out to be of poor quality. Characteristics of a good Forex broker is not rigging its clients. To find out which cheating broker, you can see from regularity and by trying to trade on demo accounts.
For new traders may be more important is using the demo account to practice your trading skills. If you are a new trader, remember to start your trading experience only with a demo account! You certainly don’t want to want to lose money because of the first error, isn’t it?
Step 2: learn the basics of forex
If you’ve found the appropriate forex broker, then it is time to shift the focus of information about forex. You can get it easily from sites provide a variety of information.
There are many articles and websites dedicated to the basics of forex, you need to do is simply type in Google about “the basics of foreign exchange market”. You will find everything you want, even more. This step should not be taken lightly, as it tries to trade without understanding how the market works is extremely risky.
Step 3: forex trading education
Forex education is like no other education. The subject of forex education market is very messy, so that education about it also likely fared the same. There are no fixed rules in foreign exchange market movement, otherwise it is unstable and likely to be dynamic.
To be successful you have to learn new things about forex regularly and continuously. Try to read many books, articles, and hear the opinions of other traders. The more learning, then you will be more educated and experienced.
Step 4: develop a forex trading strategy
When learning you will be satisfied with seeing and trying other people’s forex trading strategies or even follow signals given other currency traders. But remember, your goal is actually to be able to develop its own strategy. In order to do so, not only needed repair for one hour only. You will be obliged to follow the development of trading and the forex market day by day. Thus you will not only create new strategies, but also able to repair if the error and failure when trading currency.
The improvements should continue to do until you find the most appropriate strategy. After the strategy is found and the system is fixed, then it’s time to enjoy your currency trading results. Furthermore, Forex trading will be a real pleasure, which leads to your financial freedom today and in the future.
Forex Trading South Africa FAQs
Get answers to the most frequently asked questions about Forex Trading in South Africa.
What are forex rates?
In Forex trading, the pairing of the currencies is conferred as a rate that reflects the magnitude relation between the values of the 2 currencies. Take for an example, the rate for buying the pair USD / ZAR is 1.00, that is R1 = 0.071 United States Dollar ($).
What is the best stock trading website for beginners in Johannesburg?
Well, we only recommend the ones listed on our site. They are more trustworthy and reliable. You can also use their demo forex accounts to practice using virtual money before using real money.
What is online trading and how does it work?
Buying and selling stock or anything online is referred to as “online trading”. Brokers buy and sell stock online through forex investment and they charge people a commission. To become a forex broker in South Africa, you need to have a license that permits you to trade stock through exchange.
Is it safe to trade online in South Africa?
Yes, it is safe to trade currency. In fact, make sure that the broker’s website is secured with an SSL Certificate to avoid your information being stolen or leaving your sensitive information on the website. Nonetheless, we recommend you trade with trusted trading companies. Do your research to find out if the company is legit and not just some online scam.
Is currency trading in South Africa legit?
Currency trading is real and legal in RSA. However, some people come up with scams online. Forex market regulators work day and night to eliminate scammers who rob people their hard earned money through foreign exchange investment.
Is currency trading in South Africa legal?
Currency trading in South Africa is legal as long as you follow the laws and regulations of the forex markets to avoid money laundering and you provide your income tax.
What is a binary options broker?
Binary options broker is a person or a company that runs a financial option whereby the payoff is either some fixed economic amount or nothing at all.
Is Binary Options a gamble?
Binary options in some parts of the world are seen as a form of gambling. Some binary brokers and outlets have been exposed as scams. Some parts of financial investments regard binary option as a high-risk.
How do I start investing with little money in Forex market?
Well, it’s easy, start by saving every month. Avoid spending your money on unnecessary things. Save with a goal in mind. When you are done saving money, use your savings. Begin to trade currency or binary options little by little. There’s no rush, take your time to avoid risks. This saving strategy works better for forex for beginners.
How much money do I need to start forex trading in South Africa?
It depends on the forex broker, for example, some brokers require you to deposit any amount between $5 and $500 to open your forex account. The quantity you deposit can impact the quantity of leverage you’ll be able to use in your trades, as equity and margin are essential in Forex.
Can I lose more than I invest in Forex?
Normally you can’t lose. Brokers never let a trader lose more than funds available on their trading account. When the balance in your account approaches zero, brokers close your position. The loss which is large than the trader’s deposit is a loss of the Forex broker. Brokers must prevent this kind of loss.
Can you trade South African Rand in Forex?
The answer is yes, traders can trade the South African Rand in Forex Trading SA. The rand (sign: R; code: ZAR in Forex) is the official currency of ZA. Currency traders commonly trade ZAR. Some best brokers pair the Rand with other currencies such as US Dollars, the Great British Pound and Euros.
How many times a day can you trade forex?
You can only make five trades per day. You don’t have to overdo it. Furthermore, we can always recommend additional reading. We are here for you.
What is a foreign exchange rate?
In forex, foreign exchange rate is the rate at that one currency is going to be changed for another currency. It’s additionally considered the worth of one country’s currency in relevance another currency. Foreign exchange rates can change and there’s no guarantee until payment has been processed. For example, the exchange rate for USD to ZAR is 1 United States Dollar equals to 14,43 the Rand.
How can one be a successful trader?
Becoming a successful currency trader comes with practice. You cannot wake up today as a successful trader. Do your research, find yourself a mentor (someone who will guide you), develop forex trading strategies and use demo accounts to practice more. Furthermore, if the market is favouring you, take advantage of it. Remember, you also need to teach others so that you won’t forget your foreign exchange trading tips. Sharing is caring.
Is it easy to trade forex?
Forex trading in South Africa is easy once you understand how it works. Remember to start off with demo accounts before trading using real money. Also learn different forex terms so that you will know exactly what you are doing.
How can I become a successful trader?
Forex is just like any other work. There are many forex trading beginner’s guide you can find online. Some brokers also offer free course where you can learn trading jargon.
What is Leveraged Trading?
Leverage is given by the broker to modify traders to carry trading positions that square measure larger than what one’s own capital would otherwise enable.
What is a Pip?
Pip in Forex trading is an acronym for “percentage point” or “price interest point”. Pips are the smallest possible variation of a course anytime. When a currency pair increases or decreases, its movement is measured in pips. For example, if ZAR/USD moves from R13.36212 to R13.36321, it has moved a single pip. Pips are the fourth decimal place of the currency pair. But currency pairs that are calculated in hundreds, the pips is the second decimal place. A good example will be R13.36
Online Trading Broker Comparison for South Africa
Select a Broker helps you find, review, compare and select an online trading and investment broker in South Africa. Begin trading, buying and selling stocks, shares, bonds, futures, commodities, currencies, forex, options, mutual funds, gold, oil, silver, ETF’s and CFD’s online, from your desktop or mobile.
Side-by-side online brokerage comparison enables you to easily chose the best deep discount, discount and prime broker in South Africa for all your online trading and online investment needs.
Alpha Capital Markets
Founded in 2004, Alpha Capital Markets is authorized and regulated by the Financial Authority Conduct within the UK and we also operates from its rep office in Dubai. Trade currencies, CFDs & precious metals on MT4.
Professional traders, proprietary trading groups, hedge funds, and algorithmic black box firms turn to Lightspeed for unmatched value in brokerage services, execution services, and technology solutions.
Hirose Financial UK Ltd
Hirose Group is part of a global FX provider established in 2004 в—Џ Very competitive spread (EURUSD from 0.8 pips) в—Џ Non dealing desk and pure STP broker в—Џ 15 liquidity providers в—Џ Safety funds. Covers by FSCS / UK FCA regulated
Alpha Trading CM
A full service brokerage. Liquidity, tight spreads, instant execution and top customer service and support. A boutique brokerage that will customize itself to fit your needs.
Trade Forex Online with TITANFX TITANFX is a technology driven online ECN forex and commodities broker providing traders with next generation trading conditions.
CherryTrade is a binary options broker established in 2020 that is going to change the face of the industry with its latest technology, reliability, service, trust, and industry leading payouts.
BDSwiss is one of EuropeвЂ™s leading financial institutions specializing in Forex/CFD and Binary Options trading. Our mission is simple – To provide a safe and secure platform with excellent trading conditions.
JustForex is a brand of IPCTrade Inc, the activity of which is providing online trading services on the Forex market and an opportunity for traders with different trading experience to earn income by trading financial instruments.
Valbury Capital Ltd
Our approach to client service is centred on building trusted, long-term relationships and identifying ways to help our clients achieve their most important trading objectives.
Forex4you focuses on offering high technology, being professional and constant development. Has one of the best PAMM platform. Uses the latest Technologies and believes in clients’ development for long term relationships.
XGLOBAL Markets is a leading global Forex broker regulated by CySEC while delivering highly efficient trading with ultra competitive conditions. With our improved MT4 platform, you can rest-assured of stable trading experience.
HY Options is authorized and regulated by CySEC. Clients can trade over 220 assets, including stocks, indices, commodities and currencies. Minimum deposit is $50 and withdrawals are processed within 1 business day.
Plustocks, founded in 2020, is a binary options broker based in Schaffhausen, Switzerland. Plustocks.com offers dynamic platform and choice of over 100 different assets; it is poised to become a leader in the industry.
Alfa Financial L.L.C
Alfa Financial suite of product offerings includes futures, forex, and CFD’s, and a mixture of these asset classes, along with competitive brokerage services.
Valutrades Limited is a UK domiciled and Financial Conduct Authority (FCA) regulated business that was established in 2020. We are an STP (Straight Through Process) broker with no dealing desk.
Blackwell Global Investments
Blackwell Global provides online trading platforms and advanced tools allowing clients to trade in the most competitive trading environment. Blackwell Global has main offices in Auckland, Limassol, London, Shanghai, and Singapore.
Hantec Markets Ltd
Hantec Markets is a UK based FCA regulated Forex, CFD and bullion broker offering 100 uninterrupted No-Dealing-Desk execution and competitive spreads on MT4 and Currenex to retail and institutional traders worldwide.
HQBroker is a global forex broker. With a simple account registration with HQBroker, you get access to our FREE educational programs, amazing trading bonuses and superb trading conditions we make available to our clients.
TradeRush was established in 2020 and pioneered the 60 Seconds binary option that many brokerages now offer. The platform is extremely user friendly. Trade with confidence, Trade with TradeRush
We are a Binary option Broker very strong in the Arabic world We handle all English speaking countries ( except USA) and all Arabic speaking countries.
Forest Park FX
Forest Park FX specializes in creating custom FX trading solutions. They work with leading FX brokers FXCM, Forex.com, and Oanda, and offer a wide variety of value-adding services including cashback rebates.
Greenvault FX is a leading global Forex broker, headquartered in New Zealand offering over 70 trading instruments. The company was founded in the year 2008, acquired by GV Global Limited in 2020 and is registered with FSP, NZ.
We are an ASIC regulated Prime Broker. We have received many awards, including вЂњMost Transparent Forex BrokerвЂќ and вЂњBest Liquidity Provider.вЂќ Our Gold spreads are some of the tightest in the industry.
We Understand What Traders Want We are a pure STP Broker not Market Makers . We do not charge any commissions as we make our profit from the volumes generated by traders so we want you to have the best deals and simply trade.
At CM Trading we believe that itвЂ™s wiser to trade smart than it is to trade fast. ThatвЂ™s why we provide you with an array of tools, news and analysis so you can become familiar with the markets.
AMarkets (est. 2007) provides perfect trading conditions: fast execution speed, high success ratings in the industry, quality support, high reliability and regulation by the Financial Commission with insurance of $20,000/claim.
Evolution Brokers is a leading brokerage in online financial trading and one of the largest brands in the global online trading industry, continuing to develop dynamically.
вЂў A Yahoo Japan subsidiary вЂў Licenced by the Financial Conduct Authority (no. 595713) вЂў Competitive spread starts from 1.5 pips вЂ“ e.g. EUR/USD and USD/JPY вЂў MT4 and WebTrader platforms вЂў 24/5 Client Service Desk
Reliability and transparency.One of the best companies of trading online. Up to 150 welcome bonus.Payout up to 90. Minimum deposit of $250.Great education center for traders. Webinars, videos and free signals.Fast withdrawals.
TradeThunder deals with U.S. and worldwide traders. TradeThunder accepts $20 deposits. With up to 100 in a bonuses that do not tie you down and one-click trading, possibilities to succeed are endless.
The hardest part is over. You’ve found the most simple and intuitive investment platform. Now you can take advantage of the all the opportunities the financial markets provide.
EZInvest is a leading online FOREX trading platform Utilizing innovative technology as well as our augmented reach in the market, EZINVEST is an industry leading choice for online trading in Forex currency commodities and indices
ZoneOptions offers a secure and easy-to-use binary options trading platform. Iinvestors of every level can trade a wide and diverse range of stocks, currencies, commodities and indices. Multi-lingual support 24/7.
Grand Capital Ltd
Grand Capital has been providing financial, educational and brokerage services since 2006. They offers clients all type of products in one platform:self-trading,ECN,PAMM and LAMM, Binary Options and professional analytics.
lbinary is one of the most respectable brokers out there. Established in the beginning of 2020, lbinary has quicly become the best platform and broker site of the year with top services and excellent brokers.
AllDayOption Broker is the next generation of Binary options operators. Simple Trading Win Up To 88. AllDayOption is a Leader in Binary Options. Trade 60,90,120,300 Second Options. Types: Currencies, Commodities, Stocks, Indices
Trade12 aims to facilitate a fair and secure world-class trading environment for retail and institutional clients. This will ensure that traders will have peace of mind and attain stability in a high-risk setting.
Capital Index is a brand on the MT4 Platform, and has a great selection of Forex instruments to choose from. Capital Index is also a No Dealing Desk software, plus has a attractive up to 50 and $10,000.
C 7 Traders
Regulated under Vanuatu, license no. 014590, C 7 Traders uses an award winning Social Trading platform for simpler and smarter trades. Full STP execution with competitive spreads from 0.7 pips. Execution <1 sec with no re-quotes.
Armada Markets is offering extremely low market spreads, no requotes, full STP and DMA.We are highly rated among scalpers and traders using EAs and algorithmic trading models. We use the latest network and technology solutions
Offers binary option trading for over 90 different trading instruments including, fx, stocks, commodities and indices. Can be accessed from any web or mobile device. We make Binary Options user friendly and available to everyone.
Founded in 2005 in Montenegro, reliable broker with it’s own and MT4 platform. Small spreads of 1pip, no commissions or exchange fees, great competitions, $5 reward for verified account, $10,000 virtual. Try now, it’s FREE
Tickmill is an global ECN broker, and regulated by the FCA of UK and the FSA of Seychelles. Tickmill offers its clients various trading services with a prime focus on Forex, Indices, Commodities, CFDs and Precious Metals.
SogoTrade is a deep discount online stock and options broker with a variety of platforms, research tools, and a new innovative way to purchase equity trades for as low as $3 each.
Oriental Pacific Futures Sdn Bhd (OPF)
Established in 2007, OPF is a regulated Derivatives Broker offering a range of commodity, financial and currency futures traded on Bursa Malaysia, Chicago Mercantile Exchange, Hong Kong Exchange and Singapore Exchange.
Founded in 2020 in London NewForex has offices in Hong Kong, Dubai and Moscow and provides high level services to clients in 149 countries. Company was awarded in nomination for В«The Best Execution Broker in 2020В» by ShowFx World.
FXOpen UK is True ECN broker offering tightest spreads, deep liquidity, first-class execution and market depth data on MT4. We are FCA-authorised and are based in the City of London.
EXNESS clients’ monthly trading volume was more than 180 billion USD and the number of trading accounts opened each month by traders around the world exceeds 15,000.Instant deposit and withdrawal.
tegasFX is a fully regulated ECN/STP broker which offers low-latency FX execution based in Equinix LD4 Datacenter over MT4 and FIX API 4.4. Get access to aggregated multi-bank liquidity!
Founded in 2020 by a trio of banking professionals; Headquartered in Limassol, Cyprus and regulated under the stricter rules of CySEC with compliance across the entire European Union;
Forex-Metal offers online Forex and CFD trading for beginners and advanced traders. The company is famous for its competitive forex trading conditions and outstanding customer service.
Circle Markets provides foreign exchange traders with a high quality trading environment. Circle Markets was built by traders, for traders. We have first-hand experience of what is important to Forex traders.
45000+ instruments, 50+ exchanges, fees up to 0.02$ per share, no hidden fees. EXANTE is a next generation investment company that aims to give its clients access to a broad range of financial instruments and markets.
MTrading is a Forex and CFD’s broker offering very competitive trading conditions. All our accounts have market execution. Opening an account is quick and easy and made hassle free for all our clients.
ACFX is an online Forex and CFD Broker вЂ“ authorized and regulated by Cyprus Securities and Exchange Commission, CySEC (license no. 085/07) and registered with the Financial Conduct Authority FCA in the UK number 480859.
5Stars Forex Ltd
5StarsForex is a leading provider of online trading services. Established in 2020, 5StarsForex is providing traders a world-class trading experience worldwide.
10000+ instruments, FX, CFDs, Stocks, ETFs, investment services, StrategyQuant – a trading robots builder. We give our clients access to a broad range of financial instruments and markets. Regulated by the CySEC.
uBinary gives binary option traders control of financial asset investments, providing the most popular assets in todayвЂ™s markets, a varied range of expirations and flexible investment amounts.
BIG.FAIR.HUMAN. Moreover, with 99.35 of trades executed in less than one second. XM is licensed and highly regulated.XM provides a fair and trustworthy trading experience by pioneering a strict no re-quotes, no rejections policy.
GOptions is a binary options brokerage catering to both newcomers to the world of binary trading as well as veteran traders of all types. The company boasts same day withdrawals and amazing VIP programs for the eligible.
ThinkForex is a global provider of foreign exchange trading and related financial services headquartered in Melbourne, ThinkForex is regulated by the Australian Securities and Investments Commission (ASIC) with AFSL #424700.
L-Binary is a binary options trading broker which provides investors with access to trade binary options, L-BinaryвЂ™s platform is 100 web-based and requires no software to download,
MW is a leading Forex and CFD provider. Since 2006 we have been at the forefront of trading innovation. We offer MetaTrader 5 and MetaTrader 4 including mobile trading.
ForexMart is highly committed to offering the top-of-theline trading software, giving exceptional trading experience, protecting your account against any fraudulent activity, and equipping you with significant trading knowledge.
Windsor is the largest broker based on capital, and the fourth largest financial company in Cyprus Windsor’s capital adequacy ratio stands at 59, which is 7 times more than what is required by the regulators which is set at 8
вЂњSaudiQuoteвЂќ complies with all laws and Islamic principles in force in all its clients investments, through supervision by accredited Sharia bodies. We offer various platforms and accounts to access the worldwide markets
TraderNovo is a global Forex broker with branches at Poland, Germany and UK. TraderNovo offers account types for new and pro traders. Features tight spreads, fast execution, fast withdrawal time, and personal account managers.
City Of Investment Ltd
City Of Investment is best known for our globally recognized online managed Forex accounts. We provide over 5,000 Forex Managed Account investors from around the world with investment options and ways to earn money online.
KVB Kunlun is an international financial services corporation with operations .We offer dealing service for including Forex, Indices, Gold/Silver, and unique product including FX trading in CNY, and CHINA 300 stock index
A leading Binary option Broker offering Binary options, Ladders, Pairs, Sixty seconds,and Forex trading. we offer quick withdrawal methods.we offer live TV news on the market and Education on how to trade Binary options .
Tradeview was established in 2004 with a vision: To provide unmatched online trading solutions to a broad range of traders and investors around the world. Tradeview offers latest trading technology and personal support.
FP Markets is an established global CFD and Forex provider with over 12 years industry experience. They offer the ability to trade forex, indices, commodities and futures at competitive rates with award winning execution.
Advanced Global Markets Ltd.
AG-Markets is a global FX, Metals and CFD broker regulated by the FSPR. Our mission is to deliver bespoke professional trading services to all clients, both retail and institutional through the popular MetaTrader 4 platform.
Trade in UK for just ВЈ7 p/trade, US for $7.50. The word’s first social stockbroker. Trade equity, follow & copy the activity of others. FCA authorised, frequent trading rates available. Start trading in minutes. Quick withdrawals
WorldWideMarkets (WWM) is a financial services technology firm which provides online trading and risk management solutions for Spot Forex, Gold, Oil, interest rate securities, equity indices and other CFD instruments.
FXCC is one of the worldвЂ™s leading online Forex. More than 150,000 customers from over 150 countries execute over 1.5 million trades per month with FXCC, with total trading volumes exceeding $50bn a month.
Direct FX is an ASIC regulated FX, CFD, Futures and Binary Options provider. We provide tight spreads, the newest technologies, top tier liquidity, and offer first class 24/7-customer support every step of the way.
As a global, fully licenced STP broker FxNet has created a secure trading network consisting of high end trading technology and prestigious partnerships all of which enable FX net be a secure, transparent and reliable broker.
Pepperstone is an NDD Forex Trading Broker, offering unmatched top tier liquidity, institutional grade spreads and the security of tight ASIC financial regulation.
ZoomTrader is a premier option trading platform that provides investors and traders the ability to trade stocks, currency pairs, commodities and indices on the exotic options market.
Trade Forex, Commodities, Options with Alfa Financials South African broker regulated by FSB.Our tight spreads and low trading fees help keep the costs of trading down and help you maximise your gains.
USG is a leading brokerage services provider. We provide an international, premium service to retail and commercial clients with No-Dealing-Desk execution and competitive spreads on MT4. USG is regulated by the ASIC (No. 302792)
Saxo Capital Markets
ince receiving European bank status in June 2001, Saxo Bank A/S has rapidly become a leading presence in online trading. They offer superior client service, competitive pricing and industry-leading trading platforms.
SuperForex is an international brokerage house licensed by the IFSC. We provide top quality financial and investment services to individual and corporate clients on more than 100 markets across Europe, Asia and the Middle East.
Infinox Capital , the global FOREX broker is authorised and regulated by the Financial Conduct Authority INFINOX offers 49+ FX pairs, Gold, Silver, Oil and Global Indices with straight through processing (STP) and ECN execution.
CFI Markets Ltd. is a leading financial institution offering superior online FX & CFDs trading for private and institutional clients worldwide. The Company is based in Cyprus and has registration number HE 303814
Atiora is a ECN/STP Forex broker company specializing in providing reliable and competitive services on the Foreign Exchange Market to clients worldwide.
IronFX Global is the Global Leader in Online Trading, specializing in Forex, CFDs on US and UK stocks, commodities, and spot metals. The company offers renowned trading execution, best-of-market product range.
Established in 2020, 24bulls is one of the best platforms to trade. It offers a payout up to 85.24bulls provides a good education center,very helpful for traders without experience.The withdrawal is fast and without bureaucracy.
Gallant Capital Markets, Ltd.
Gallant is a global leader in online trading, specializing in Forex trading for both private and institutional clientele. Gallant operates under an STP Agency Model, offers tight spreads, and a unique Managed trading portal.
ForexTime Ltd (FXTM) is an award winning international forex broker regulated by CySEC. By offering advanced and innovative services and perpetual devotion to our clients, we ensure that clients’ individual needs are always met.
Traders Trust Capital Markets Ltd.
Traders Trust was founded on a solid base of financial market professionals with an innovative vision to provide today’s retail forex traders the best brokerage available.
Brightwin Securities and Finance Limited
The trades will be executed automatically, even when you are at work or asleep.You can manage the Equity trade allocation and Master Traders at your finger tips even when you are on the move through our Multiple Trading Platforms.
AFX Group offers trading and investment services in multiple languages throughout the world. STO gives you access to: в—Џ MetaTrader 4, the industryвЂ™s leading trading platform в—Џ AFX Fast, our institutional level platform.
AccentForex by Butenix Capital Ltd.
Trade with AccentForex and gain the benefits of Flexible leverage from 1:1 to 1:500; No hedging margin; Instant Execution. No slippage, minimum delay; No Dealing Desk means; Over 140 financial instruments available;
Vinson Financials LTD
Vinson Financials Ltd has been duly registered and Fully licensed and regulated under the laws of Cyprus with registration number HE307815, and is authorized as a Cyprus Investment Firm (CIF) under license number CIF184/12.
FCA & CySEC regulated CFD broker providing trading in 6 asset classes: FX, shares, spot indices, futures, spot metals and spot energies. Clients access top-tier liquidity & advanced execution with no-dealing-desk intervention.
Forex Financial Services (Forex FS)
Australian based & owned company established in 2008 -MetaTrader4 & JForex Platforms -STP -Client trading funds in segregated account -Hedging, scalping and EAs -Leverage 300:1 -PAMM Solution & competitive rebates -ASIC regulated
Short-Trade is a discount online stock and options broker with a variety of platforms, research tools, and a new innovative way to purchase equity at Short-Trade we pot an emphasis on stocks and options and pink sheet trading.
HYCM is an FCA-regulated market leader in providing online FX and CFD trading to retail and institutional investors. With a 40 year operational history and a strong focus on client satisfaction and technical development.
WatanFX is one of a kind Forex trading institution, established specifically to cater to the needs of home based Forex Traders. WatanFX also provides quality Forex Signals all day long.
NetoTrade is a global forex brokerage and investment company that specializes in global financial markets. We offer the most advanced online trading tools and the best customer support for international market trading.
GToptions вЂ“ a leader in the binary options industry. Experience the future of binary options today with the most advanced trading platform in the market.
London Capital Group – LCG
With over 20 years of experience in the trading industry, one of the leading CFD and spread betting providers. Committed to providing competitive prices, advanced technology and a professional service for all types of traders.
NSFX is a regulated online broker based in Malta providing innovative online trading services. NSFX provides trading with currencies, commodities, CFD’s, and more. With personal service in English, Arabic and German.
FBS is not just Forex company, it’s 120 countries of presence, more than 2 000 000 traders, 130 000 partners. Furthermore, it’s a lot of promotions, bonuses and contests, IB program with affiliate commission up to $80 per lot.
beeoptions binary options brokers
The world of trading and finance can be complex, but at beeoptions we value simplicity and ease-of-use for our clients. We give you the important information, so you can make the best choices regarding your binary options trades.
OptionFair is an innovative binary options trading platform provider operated by B.O. TradeFinancials, regulated by CySec. License Number 216/13 www.cysec.gov.cy
easy-forex is a leading provider of online trading services. Established in 2003, easy-forex is providing traders a world-class trading experience, in over 160 countries worldwide. Trade over 175 products!
Capital SV Investments Limited
Capital.com is a regulated investment company. Our iOS, Android and Web platform allows to trade shares, indices, FX, cryptos and commodities CFDs. We offer educational app and financial content wrapped in AI-based Smart feed.
BCapitalsFX offers a superior ‘clearing and settlement technology grid’ which is exceptional and a par above the rest. Our priority is to enable our clients to make thoughtful and intelligent trading decisions.
Option888 is proud to be the leading binary options broker in its field, allowing traders to enjoy localized deposit and withdrawal solutions. The only broker to allow deposits in EUR, GBP, USD, SEK, NOK and DKK alike.
Opteck is one of the leading Binary Options brokers in the industry. Its platform is simple, easy to use, provided in 9 languages and is 100 web-based. Opteck focuses on making its users succeed and grow!
Mercantile Exchange of Belize
The Mercantile Exchange of Belize (MercBelize), is an offshore exchange, domiciled in Belize. It is unique in that it is an all-electronic, one-hundred-percent online exchange that is tradable from anywhere in the world.
BinaryTilt is a regulated broker providing a cutting-edge trading platform for active traders, as well as traders that are new to the Binary Options market. We offer the best industry bonuses, easy withdrawals and 24/7 support!
Retail Forex & CFD broker offering dedicated client support. Forex, Indices and commodities on the MT4 trading platform. Free signal package with all live accounts. Based in Mayfair in the heart of London.
Vantage FX is an award-winning Australian financial services firm providing Forex trading capabilities to retail, high-net worth and institutional clients globally.
Generic Trade is a discount brokerage firm specializing in online futures and options trading. A cutting edge trading infrastructure/platform technology and all accounts regardless of size or volume are 59Вў commission per trade.
Land-FX is a newly comer STP FX service provider, headquartered and licensed in NZ. We started operating in 2020 and have expanded globally by localizing in each market, providing an unbeaten low spread and very fast processing.
PowerOption was founded in the Seychelles in 2020 with the express aim of bringing the smartest technology and highest integrity to the world of binary options trading.
Capital Investment Brokers Ltd.
Capital Investment Brokers Limited (CIB) provides trading solutions sophisticated enough for professional traders, yet simple enough for the forex novice. At CIBfx we believe Simple, Safe Trading.
UFS Investment Company
Moscow-based group of international investment companies founded in Switzerland in 1999. UFS IC includes: Broker, Trust management, Custodian, Licensed dealer, Financial consultant, Investment agent, Leasing company, Gold mining.
Windsor Brokers Ltd. is a regulated and licensed European Investment Firm offering a rich portfolio of over 70 financial instruments. Windsor Brokers have been in business since 1988. Windsor’s accounts are available from $100.
Oxmarkets.com is owned and operated by Ox Capital Markets Ltd, a Cyprus Investment Firm, licensed under license number 274/15 and authorized by MiFID to freely provide services within the EU.
IFC Markets is a Forex (Foreign Exchange Market) broker providing services in spot Forex for both individual and corporate clients. Other services include Forex Education and Forex Training.
EightCap Pty Ltd
EightCap refers to EightCap Pty Ltd, an Australian registered company offering Margin FX and CFDs trading via the online MetaTrader 4 (MT4) platform. To learn more visit our website www.eightcap.com
OBFX Markets is a leading binary options broker. The founding members of the investment group are seasoned veterans of the financial industry offering over 20 years of experience servicing the capital markets
FX Next provides comprehensive brokerage services, whilst concurrently providing bespoke, highly customized white label solutions to introducing brokers and money managers. We offer a true ECN/STP access with all major FX ECN’s.
Joint Capital Management (JCMFX)
Joint Capital Management Ltd. is registered by Financial Services Authority (FSA) in ST. Vincent and the Grenadines, Central America under the number 23313 IBC. Our goal is providing the best forex trading experience to traders.
Regent Markets Group
Our trading platform covers Forex, Indices, Stocks & Commodities markets with fair prices, served to over 300,000 clients globally since 1999. Start trading with us from as low as $1 in our award winning platform.
BelforFx is a global financial services organization that provides a wide range of Investment solutions specifically designed to meet the needs and financial goals of individual, corporate and institutional Clients.
HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients. HotForex has positioned itself as the forex broker of choice for traders worldwide.
GBE brokers ltd.
GBE brokers is a highly recommended Forex and CFD broker with regulation in Cyprus and further registration at BaFin, Fund segregation & protection guaranteed. Scalping, Hedging, VPS, Fix Api possible.
Forex Rally is an international online broker providing highly competitive brokerage services to emerging markets. We infuse cutting edge technology, low transactional fees, various financial instruments and premium education.
AAFXTrading.com is one of the worldвЂ™s fastest growing Forex & CFD provider.The company offers Foreign Exchange and CFD trading on multiple TRADING PLATFORMS, including the globally popular Vertex platform.
MFI Forex offers Traders a unique platform to trade with a full ECN/STP brokerage, No re quotes, excellent execution and great support, we offices On Lagos Island, Allen Avenue, Ikeja, Nigeria
Forex and Cfd trading at discount prices. FCA regulated, No dealing desk, STP/ECN, no withdrawal or deposit fees. Save up to 80 on your trading fees. Trade with the lowest fees!
FXGiants is an FCA regulated, international online trading broker, giving access to retail and institutional investors from more than 150 countries in the world, to over 200 instruments.
HTT FX CAPITAL
HTT FX CAPITAL provides a trustworthy no dealing-desk trading environment to forex traders globally.We are there for forex traders to win.HTT FX CAPITAL is a No Dealing Desk Broker providing ECN accounts to all traders.
The company was founded by a team of industry professionals ; Secure financial services Transparent and fair execution of customer trade orders Wold-class support and customer satisfaction Top notch resources for our customers
Alfa Trade UK Ltd
AlfaTrade is an international ECN trading company providing reliable online FX brokerage services since 2020 and itвЂ™s regulated by the Financial Conduct Authority (FCA).
ECUREX is the Swiss-based digital finance marketplace for professional traders and financial institutions. Fully compliant with the Swiss Banking Act, the Swiss and U.S. AML Acts and with FATCA.
CWOption the world fastest growing binary option welcome you with minimum of $25, We give you the important information, so you can make the best choices regarding your binary options trades. start trade Now
Established in late 2020, LQDFX has gone from strength-to-strength and has quickly positioned itself as one of the leaders in the FX industry, becoming award-winning broker on two different occasions.
The Binary.com service is owned and operated by Binary Ltd. Fully licensed and regulated, Binary.com has been providing financial trading to a worldwide audience of over 1,000,000 clients since 1999.
City Credit Capital
Founded in 2001, City Credit Capital (CCC) is a world leader in retail derivatives trading, offering online dealing services to private investors, institutions, banks and brokerages.
InstaForexвЂ“one of the leading brokers providing high-quality trading services on Forex market . InstaForex helps each customer to achieve personal goals,invest efficiently and enjoy the process!Join InstaForex and start right now!
Social trading with a team of professional traders is one of the most effective ways to meet success in the marketplace. This allows one to grasp the command and support of new traders to build a bigger network to work smarter.
Solforex has been registered in New Zealand and regulated by FSP. Lowest spread & fastest execution in the market. Endless rebate guaranteed for all trades. Solforex is an award winning broker.
Swiss Markets is part of the BDSwiss Holding PLC group which was founded in 2020. Swiss Markets is a true STP broker, meaning that all of our clientsвЂ™ orders are immediately passed on to our liquidity providers.
Kerford Investments (UK) Limited
KerfordUK’s innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange ( FX), contracts for difference (CFDs) and indices etc.,
Founded in the beginnings of 2020, TitanTrade prides itself in offering investors a secure trade environment through which they can take advantage of the movement in the global financial markets.
ELEX Electronic Markets
ELEX operates a traditional brokerage business model by providing retail, professional and institutional clients online and voice access to our deep liquidity from global banks, brokers and other liquidity providers.
FinPro has become the fastest growing forex broker with presence in over 50 countries. FinPro offers 11 trading platforms with 1000 instruments including currencies, commodities, Indices, ETFs and stocks of all major markets.
Tallinex is Estonian based (EU) true ECN/STP Brokerage Company www.tallinex.com with highly competitive spreads, fast execution and deep liquidity. Our average EURUSD spread is 0.5 pips and we can offer maximum leverage of 1:400
Fidelis Capital Markets
Fidelis Capital Markets awarded the best ECN/STP broker of the year 2020. Company is regulated by CySEC and registered with FCA. Fidelis Capital Markets offer exclusively Market execution and allows all type of trading.
Goldboro Invest & Trade S.A.
Goldboro established in 2020 as private broker for Investment Companies. We have : + 55 currency pairs + minimum lot 0.01 + Market Execution (only) + Zero spread interest + minimum deposit 50 usd + Leverage from 1:100 to 1:1000
Axis Financial Source Ltd
ASIC Reg. Prime Broker – IB’s & Money Managers receive a bonus beyond just your round turns through our вЂњStrategic Partnership PrgmвЂќ. Brokers: Our cost per mill is one of the lowest in the industry with the best STP engine.
OneTRADEx is a fully licensed and regulated Offshore Brokerage offering online accounts to Offshore Residents & Expats, including non-resident Americans. Access FX, Stocks, Options and other securities, trades as low as $9.95.
Orbex is an international forex broker and investment firm with unmatched client support and some of the best trading terms, including no re-quotes and slippage, 0.9 pip fixed spread and a vast range of educational resources.
TTCM Traders Trust Capital Markets Ltd
Traders Trust was founded on a solid base of financial market professionals with an innovative vision to provide today’s retail forex traders the best brokerage available. Traders Trust offers competitive low spreads.
Efficient & reliable trading environment for traders of all experience levels, across the globe. Offering most competitive trading conditions including tightest spreads, best execution and flexible leverage. Strict EU regulation.
Maxiflex Global CORP LTD
MAXIFLEX GLOBAL CORP LTD, registered as a Cyprus Investment Firm and licensed by the Cyprus Securities and Exchange Commission under license number 258/14 in accordance with Markets in Financial Instruments Directive (MiFID)
ECN No Dealing Desk – STP Spreads from 0 Pip Best Liquidity From Multiple Tier One Banks MT4, cTrader and Mobile Trading Free VPS Scalpers and EA’s welcome Multiple fundings options available Live chat support
Online CFD trading with Xtrade. XTrade.com is Authorised & Regulated by CySEC 108|10 and ASIC 343628. Trade Stocks, CFDs, and Forex with our trading platform. Min deposit of $100 and withdrawals are proceed within 2 business days.
Tradeo is pioneering the world’s first true Social Trading platform. Backed by leading venture capital firms, Tradeo is committed to revolutionizing the financial trading experience.
Established in 2020, the Select a Broker directory was designed to simplify and enhance the investors search and selection of an online trading broker. Investors can easily perform side-by-side comparisons and evaluate results based on how well each broker can support their needs.
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