Best Binary Brokers

In binary industry, there are hundreds of brokers who offer trading platforms to traders in South Africa. Since 2008, an increasing number of people became interested in trading binary options and are searching for valuable and accurate information on how to choose a correct broker to trade with and not to be scammed.

We, at, provide our South African readers a list of reviewed binary options brokers who operate on South African market. Check below by which features it is possible to distinguish a trusted broker from scam in binary options trading.

Option to Use Demo Account

Top notch brokers offer demo accounts to place risk-free trade. It is an ideal option for learners, who are interested to test trading strategies without investing actual funds. To help out such traders, virtual money is being used for placing binary trades and using various trading options and expiry limits.

Minimum Deposit

The top binary trading sites for South Africa traders have some limits for initial deposit. According to the nature of the account, minimum and maximum deposit amount is given.

With most of binary brokers in South Africa $250 is the average amount needed to open a standard account. However, a broker such as IQ Option requires deposit of just $10.

Safety of Payment Options

This is one of the main elements when joining a specific trading platform. Both depositing and withdrawing has to be straightforward and safe.

In order to deposit or withdraw money in traders’ accounts, different payment options are provided for fast and safe transfer. Almost all reliable binary brokers permit the use of credit/debit cards, bank transfer and e-wallets transactions protected by SSL encryption technology.  

Mobile Application

Majority of brokers allow their traders to use mobile app and get connected through Android smartphone, tablet, iPad or iPhone. Apple AppStore and Google Play are the suggested options from where mobile apps can be downloaded.

While using smartphone, it is easy for traders to check current prices, available trading options and invest minimum amount to place a trade. The procedure for deposit or withdrawal of money is quite easy and safe; therefore traders do not need to stay at home in order to earn money from trading binary options.

Customer Support Service

It is noted that the best brokers for South African traders have made it easy to keep up a correspondence. Email, online chat, phone calls and Skype are the available methods to answer traders’ queries.

Easy reachable customer support is very important because it provides traders a sense of security that assistance will be provided to them at any moment.

The top rated trading sites allow their customers to keep in touch 24 hours a day. Moreover, the FAQ section is developed to provide details on trading options, free binary signals, minimum investment, bonus types, and account types, wagering conditions, payment methods and withdrawal time.

Account Types

Each broker has designed various account types to support traders beginners and professional traders so that they can select the account as per their financial resources. The minimum deposit, investment amount and bonus range is different for each account type, so it is suggested to check the available categories to meet your objectives.