Binary Deposit Methods with Best Regulated Brokers – South Africa

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Deposit Methods with Best Regulated Brokers in South Africa

Since binary options trading is a rising industry in South Africa, it is our job to provide South African traders and objective and detailed information how to trade binaries successfully.

Also, it is crucial to connect with a binary broker who offers trading platform that suits traders’ preferences the most.

We recommend trading with regulated binary options brokers, such as IQ Option, 24option, BDSwiss, AnyOption and many more.

Our binary guide is about deposit methods with best regulated brokers in South Africa which offer secure trading platforms for safe and profitable binary trading journey.

Why is Binary Trading with Regulated Brokers a Good Choice?

In binary options, safety is one of the most important segments of the trading process. To introduce our readers with valuable info how to deposit in a secure way and from where to start, read further our Deposit methods with best regulated brokers in South Africa guide.

Lately, regulation status is becoming more significant than ever before since more brokers are deciding to reach global masses with a regulated platform, which shows how a particular broker is serious and definitely not a scam.

In terms of trading binary options with a regulated broker, South African traders can experience safe binary trading journey where they don’t need to worry about how to deposit or withdraw money and will they’ll be scammed while doing so.

From where to start in terms of depositing?

The first step is to register on a particular platform or log in if traders are already registered. With brokers mentioned in this guide, registration is straighforward, which is important to all traders, pro traders and especially beginners.

For registration process to be successfully completed, South Africans need to provide few information, including first and last name, email address, password, preferred currency and country.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Afterwards, traders are required to make a deposit from available deposit options, which can be seen in each our broker review as an important information for interested traders. Brokers offer traders option to choose between different currencies, as well as ability to deposit via cards, wire transfer or e-wallet providers.

24option Regulated Broker – Deposit Methods

As a trustworthy broker who operates on binary market since 2020, 24option is one of the pioneers in this industry. To traders in South Africa and worldwide, 24option is known to offer secure and yet simple platform to trade binary options on due the fact traders have on disposal a selection of trading instruments and features to use.

Minimum required deposit amount is $250. With 24option broker, South Africans can deposit via several ways, such as debit and credit cards ( Visa, Visa Electron, Dankort, JCB, Diners Club, Cartasi, Liberty Reserve, Discover Card and Laser), bank wire transfer and e-wallets (Skrill and Neteller). On 24option platform, traders can easily monitor payments and past trades.

How to Deposit with Banc de Binary South Africa?

Alongside with 24option, Banc de Binary is one of the leaders in binary options trading and a first broker with CySec regulatory licence 188/13. Trading with Banc de Binary is safe and easy, which is especially significant to traders novice in South Africa.

To be able to deposit, traders need to be logged into their trading account and should enter preferred deposit option and an amount to deposit it. Once traders receive confirmation, they will be able to see their balance on trading account.

Minimum deposit to begin trading is $250. Other available account types are Silver ($2500+) and Gold account ($5000+). Accepted deposit methods with Banc de Binary broker are: credit and debit cards, bank wire and ewallets (Skrill, QIWI, WebMoney, CashU…).

Deposit Methods on IQ Option Proprietary Platform

IQ Option broker is very popular among many traders in South Africa thanks to many advantages which awaits South Africans to invest in different assets and maximize profit.

As a regulated binary broker (CySec licence 247/14), IQ Option introduces South African traders with their own proprietary platform and a selection of assets to trade with, demo account, mobile app and many others.

One exquisite note to all South African traders is how deposit is just $10, which is affordable amount to many people in South Africa. Beside Real account, it is possible to deposit $3000 and use a VIP account with more benefits included.

Accepted deposit methods on IQ Option platform are: debit / credit cards (Maestro, Visa and Mastercard), wire transfer and e-wallets (QIWI, Skrill, FasaPay, Neteller, CashU and Boleto.)

What are Binary Deposit Methods with BDSwiss Broker?

BDSwiss also belongs to category of reliable binary brokers with regulated status on South African market. This broker is licensed under reg.no. 199/13. To traders in South Africa, BDSwiss offers trading with binary options and CFDs.

Lowest deposit to begin trading is set to $250, while returns go up to 85%. On SpotOption platform, South Africans can use a variety of features, such as Rollover and Double Up, as well as mobile app for traders on the go.

With BDSwiss broker, South Africans are able to deposit via Maestro debit card, bank wire and e-wallet providers (PaySafe Card, GiroPay, Ukash and Sofort).

AnyOption – Deposit Methods in Binary Options

AnyOption is one of the most reputable brokers for South African traders. This broker obtains two licences, one CySec (187/12) and second one FSB licence (regulatory authority in South Africa; FSP 42020).

To begin trading binary options with AnyOption regulated broker, required deposit is $250. So far we had chance to review them, there are several deposit methods available on AnyOption trading platform. These deposit methods include payment through cards (Visa, Maestro and Mastercard), bank transfer and ewallets (Skrill Moneybookers).

Banking with AnyOption is simple and straighforward where traders don’t need to worry will they have issues regarding depositing or withdrawing funds. To be able to deposit, South Africans first need to log in to their trading account and click on My Account tab to see available deposit methods.

African Traders Guide

Binary options trading in South Africa has become an increasingly popular market in recent years as more and more investors seek to open online trading accounts. As awareness of this particular method experiences growth, so does the number of international brokers offering their services.

Binary trading is unregulated, and as such local South African companies are prohibited from offering their services to SA traders. However, through our extensive knowledge of the binary options industry and the rules and regulations that apply to trading we can still show you, great brokers, to trade with.

Our team of experts have searched the internet for the best brokers, and we bring you only those with international licenses that are legally allowed to offer their services to South Africans. Our knowledge of all the legal requirements means we can ensure that your trading career is a safe and profitable one.

In this article, you will learn:

    The brokers best suited to your needs What local payment methods are accepted Taxes and fees that apply to ZA residents

Traders in South Africa

Like we found in Indonesia about the law on binary options, trading in South Africa is perfectly legal. There is nothing that prohibits an individual from trading online. The industry is however unregulated which means that there is no protection offered to those who choose to trade here. It also prevents good South African companies from brokering. So how do you select a company and what should you be looking for in features?

Licensing And Regulation

As there are no regulated South African brokers, you are going to need to find an offshore broker. CySEC, FCA or MiFID license many European brokers. Australia also has good brokers, look for an ASIC license. There are many to choose from, and it’s just a case of picking the right one for you.

Deals And Incentives

If you are new to trading, then you should probably look for a broker that offers a no deposit bonus. No deposit bonuses allow you to try before you buy. You should also take advantage of matched deposit bonuses, and trading contests so look out for them.

Mobile Trading Tools

Most people prefer to trade on the go therefore it is important to check out what mobile offering the broker has. Do they offer a mobile app that is suitable for the device you are using and is it available for both iOS and Android? If you are keen to trade on the go then this is critical.

Free Demo Account

A demo account is vital for many reasons. Firstly, it allows you to get familiar with the platform that you are going to be using. In addition to this, if you are using a reloadable demo, you can use it to try new assets and trade types.

The only way to legally invest and trade in binary options, in South Africa, is to use an off-shore broker. Finding one that has all the above benefits plus anything else that is important to you as an individual is difficult. That is where we come in. We display to you, only the best, most reputable brokers to ensure that your experience is a good one.

Trader Broker Asset Profit

Broker Fees And Tax

When looking at the tax requirements surrounding binary trading, South Africa is much like any other country. If you are an individual, then you will no doubt be paying Personal Income Tax. You could be paying anything from 18% for income below R160,000 up to 40% for anything over R617,000. Local tax applies to profits made on any income, and this includes binary options trading.

If trading is a second income, you will need to declare your income and ensure that you pay the correct tax on this amount. Remember to deduct any losses and work out your net profit so that you don’t pay too much tax.

Now while binary options brokers aren’t responsible for informing the South Africa tax department that you have made an income from trading, they will have a record of your transactions within your account. Make sure that you have access to this information as you will need it when calculating your total profit for a certain period. We recommend keeping a monthly record of deposits and withdrawals and recording all profits and loss.

While African taxes are the main cost that you will incur there may also be other fees to consider. These fees include:

    Currency conversion fees for converting to and from the currency you will be trading in Deposit fees usually associated with certain types of transactions. Your account provider can charge these fees Transaction fees from your credit card or e-wallet provider Withdrawal fees from the broker for making each withdrawal

If you are making lots of deposits and withdrawals, the money will soon mount up. Consider making fewer, more substantial deposits and withdrawals to try and cut down on the number of fees charged.

South African Licencing

Now while there are no legal issues that restrict South African citizens from trading, there is, unfortunately, a lack of brokers local to the country. It is not a regulated industry; therefore there are no legal or licensed South African binary options brokers.

There are however plenty of good brokers offshore that have the relevant licenses and regulations. The ones to watch out for are those that are licensed by CySEC or other European recognised licenses. Genuine brokers are more likely to be licenced in Europe, so look out for the brokers that display this licencing.

Do not use a broker that doesn’t have a license. There is a reason that they don’t have one, they either can’t get one, or they aren’t a serious broker doing things the right way. Why would you invest money with them if they haven’t gone to the trouble of getting licensed?

Also, make sure that any licenses are genuine. We have gone to the trouble of doing this with all of the companies that we review and recommend so you will be pleased to know that we only recommend genuine, trustworthy brokers that have a good reputation and history.

Our knowledge of all the legal requirements means we can ensure that your trading career is safe.

How we Recommend Brokers

There isn’t a choice of trading with a local broker for South African traders so if you wish to trade it is going to have to be with an offshore broker. Now, this may seem daunting and perhaps a little risky, but there are genuine SA brokers that offer an excellent service with proper incentives. Our job is to make your experience a more beneficial one by reviewing and rating South African brokers across the market.

Like all of our broker ratings and our best binary options reviews, we take into account every aspect of trading and what each broker has to offer. Firstly we look at their licensing and eligibility to trade. We only bring you brokers that have the correct licensing and operate within regulations and legislation. We want your trading experience to be profitable and without issue. We also examine the logistics of each broker.

Some of the critical areas include how easy it is to open an account, how easy it is to navigate the trading platform and whether the mobile website and app are user-friendly. We also examine what benefits each broker has to offer. Do they provide good bonuses, a good payout and what other rewards are available? For VIP / Premium traders we look at the higher end accounts and what they have to offer and how they compare to other offerings available.

We review brokers all over the world, and when it comes down to it, South Africa steps up pretty good. Our reviews focus on the options market are based on our extensive knowledge and experience of it. Our team of experts have many years of trading experience between them and know what matters. Our commitment is to only bring you the best South African binary options brokers on offer.

Frequently Asked Questions

Is binary trading in South Africa legal and safe?

South Africa has tax laws and regulations, and it is crucial to abide by these rules and regulations to avoid hefty fines. Earnings from binary options trading need to be declared.

Do I need to pay fees and taxes on my profits?

South Africa has tax laws and regulations and it is important to abide by these rules and regulations to avoid large fines. Earnings from binary options trading need to be declared.

Can I test brokers before trading with real money?

Brokers will offer lots of incentives to stay competitive. These usually include a demo account to allow new traders to trade on the platform without depositing any of their funds.

Is it easy to make deposits and withdrawals?

Making deposits and withdrawals is easy. Just open an account and make your deposit. Withdrawals can take up to 3-5 days; some brokers offer a much quicker turnaround for those higher stakes traders.

Can I trade using my mobile or tablet device?

Yes, to stay competitive all brokers must have either a responsive, easy to use mobile version of their website or an app available for either Android and iOS.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

Binary.com Review

Binary.com was one of the long-term binary options brokers, available on global financial market. Our Binary.com review revealed how they accept traders from South Africa and therefore, we decided to review their trading platform.

Binary.com initially appeared on financial market back in 1999 and are operated by the Binary Investments Ltd.

In this Binary.com review, we will take a closer look of the platform and trading instruments, which are available for traders in South Africa. For more details about this safe binary options broker, read further in our Binary.com review.

Binary.com Trading Platform

Our Binary.com review showed how this broker uses own proprietary software, which puts him in category of few binary brokers who offers their own software to registered traders. They enable traders to use a variety of trading tools and a selection of different underlying assets.

Traders in South Africa should know how Binary.com broker is a regulated one.

For Binary.com review, we learnt how required minimum deposit is low $5. Minimum investment is also just $5, while maximum is $100 000. Highest bonus is $150, while maximum payouts can go up to 100%.

Binary.com Trading Features and Services

Our Binary.com review revealed us how they offer a long list of trade options, combined with an exceptional list of different times of expiry. South Africans can choose whether they want to trade with following trade options: One Touch, High/Low, 60 Seconds, Boundary, Long Term and Touch Options.

Traders can select among short term and long term expiry times, covering trading within 15 s, 30 s, 60 s, 2 min, 5 min, 15 min, 30 min, 1 hr, 24 hr, 24 hr+, end of day/week/month, 30 days and 150 days as maximum.

Traders can invest in different underlying assets, such as forex, commodities, OTC stocks, indices and volatility indices. Full list of assets can be found under Asset Index on the bottom of the website.

According to our Binary.com broker review, we noticed how they recently implemented mobile app, which is excellent news to all interested binary traders who are busy, but want to have access to mobile platform. This app is connected to both Android and Apple devices and can be used on tablets and mobile phones. Binary.com mobile app can be downloaded from App Store and Google Play.

On the other hand, they do offer demo account, which is an excellent news for inexperienced South African traders. When traders register on this platform, they will be offered with $10 000 of virtual money for safe trading.

Why we say safe? Because trading on Binary.com platform is risk free since traders don’t invest their real money but instead they get a chance to practice and test trading platform in order to have better trading results.

Another thing we came across Binary.com review is that they have implemented charts in real time, such as candlestick graphs and JAVA software, which enables traders to easily detect price range of chosen asset.

Our Binary.com review showed how they have prepared one of the best education section, together with blog. In Learning Center, South Africans can find training videos, including those related to different assets.

Also, traders can get more information about security tips, weekly market updates, glossary and FAQ. especially for new traders, Binary.com prepared tab called New to Trading? And education webinars to gain more trading knowledge.

Binary.com Customer Support

What we discovered in Binary.com review is that they offer assistance via several communication channels, such as: email [email protected] , live chat and phone for several countries worldwide. Binary.com also has offices in different countries (Malta, Japan, Malaysia and Isle of Man).

This way, traders can ask for help whenever needed and live chat showed as the quickest option, since support agent joined chat within seconds. Having good customer support is valuable to have since traders need to trust their broker, who will assist them achieve success while trading.

Also, this broker supports GameCare, an organisation which supports people with trading issues.

Our Binary.com review revealed how platform is multilingual and available on following languages: English, French, Spanish, Russian, German, Polish, Portuguese, Italian, Arabic, Indonesian, Vietnamese and Chinese.

Binary.com Banking Info

Traders in South Africa should know how registration on Binary.com is free, however deposit is required to start trading. Minimum deposit amount is $5, which is extremely low and also, attractive for traders to join and begin their binary trading experience.

They offer absolutely amazing list of deposit methods as we discovered in Binary.com review. It is important to keep in mind how selected payment method while depositing has to remain the same as when withdrawing.

Under Banking tab, traders can click on Cashier (to select payment option and upgrade to a real account) or on Payment Methods option.

Available deposit methods with Binary.com are:

  • Debit / credit cards: Mastercard, Visa and UnionPay
  • Bank wire: Western Union, Internet Banking, Internet Bank Transfer and Bank Transfer
  • E-wallets: Skrill Moneybookers, Neteller, OK Pay, FasaPay, Perfect Money, Moneta.ru, WebMoney, QIWI, Yandex.Money and PaySafe Card

With cards and e-wallets, deposits are instant, while withdrawal time depends on selected option, but is usually between 1-2 working days. Only via bank wire, withdrawal time can go up to 5 working days.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

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