Binary.com Review

Binary.com is a veteran in the Binary Options market with low entries into the market, 90% payouts and also offering a great sign up bonuses. Binary.com is regulated in multiple jurisdictions therefore an excellent choice for binary trading in South Africa. Here are some reasons why:

Security and Trust

This is the area that you must prioritize when you pick a trading platform for binary options. Sadly, it’s also the area in which so many websites fail. There’s a very good chance that you may fall prey to an unscrupulous website that may rig the system so you just lose every time. Or else they may just make it impossible for you to get back the money in your account.

This time you can be reassured that these things won’t happen. Binary.com has been in business since 2000 and they’ve acquired a sterling reputation for honesty as well as for the excellence of their service. They’re properly regulated in Japan and in the UK, and for other branches too. This means they have regulators to answer to, and the authorities make sure that Binary.com complies with their strict guidelines and regulations.

They have more than a million customers all over the world, and they’ve enabled up to $2 billion dollars in trades so far. In addition, they’ve been receiving glowing accolades and awards left and right. These include the award for the International Financial Forum & Expo Best Binary Options Broker for 2016. They were also hailed as the winner of the 2017 Online Personal Wealth Award for best Binary Options Broker. So even now, they’re still at the forefront of the industry in terms of service and trustworthiness.

Low Entry Rates

Getting started is easy. With money transfer, the minimum deposit amount ranges from $10 to $100, depending on which method of transfer you use. The minimum withdrawal amount is generally $25 to $100. With credit cards, the limits are $10 to $10,000 and the processing time is just one day. With various e-cash options, the limits usually range from just $5 to $10,000.

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Educational Resources

The site does offer a lot of educational materials for you to access so that you can at least try to gain the skills you need to be a good trader. There’s an introductory course to get you started, and then you can delve right in through the videos. You have various videos and webinars that can explain various details of binary trading so that you’ll actually know what you’re doing.

What’s more, you get help through weekly trading signals, daily market reports, expert analyses on global markets, and lots of ebooks you can download for free. Here you can make sure you’re aware of popular trading strategies and you’ll also know how charts can help you with your trades.

There’s even a shop through which you can get various branded merchandise and trading tools, so you can really get all the help you can get.

Best of all, there’s a demo account with $10,000 in virtual money for you to use so you can see for yourself if you actually learned anything worthwhile.

High Returns, Low Fees

Here you don’t have to worry about any hidden commissions and fees once you wish to get your money back. Everything is laid out up front so you know what to expect. The prices reflected on the platform are also in real time and they’re benchmarked against interbank options markets

On simple rise and fall contracts that are usual for binary options trades, your returns can reach as high as 100%, which means you double your money. On special trades such as (higher/lower and touch/no-touch) your returns can go up to 1,000%. You can get up to 10 times the amount you risk.

Here the payouts can be as low as just $1 (yes, one dollar) or as high as $50,000. You’re able to trade in all major currency pairs, commodities, stocks, and indices. You can pick a trade duration that’s as short as 10 seconds so you know right away if you’re right, or you can do a long-term trade that will last for 365 days.

As part of Binary.com’s transparency efforts, once you pick a payout it will automatically calculate how much money you have to risk to buy the contract you want. At least here, you can only lose how much you stake and you don’t risk the rest of your account (or your bank account either). You can also sell a contract early (before expiry) to keep your current profits or to minimize your losses.

Everything’s Easy

The platform you use is extremely easy to use, and that’s one of the reasons why Binary.com has been receiving so much praise. You’ll have no trouble finding the right trade to engage in, for any market condition. Once you find that trade, you can execute it in just seconds. Then you can check on your portfolio in real time, and there’s an app you can use so you can use your smartphone for this (or make trades as well). Then you can sell back your trades at market prices.

Verdict

Here you have just about everything you need if you’re a binary trader in South Africa. It’s easy to enter with lots of deposit and withdrawal options, and you can learn a lot from the learning center. With the demo account you’re able to practice what you’ve learned, and when it’s for real you can trust the platform to find and execute the trades.

Binary.com is also most assuredly a trusted name in the industry. So don’t risk your money with other sites that just might take your money and run. Binary.com has been here doing things right for the longest time, and they’re intent on continuing this same excellent level of service for a very long time still.

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Pros

  • Innovative and well regulated binary broker
  • Powerful charting and technical analysis
  • Host of trading platforms
  • Returns above 100% on simple rise/fall contracts
  • Lots of educational resources
  • No hidden fees or commissions
REVIEW OVERVIEW
FOREX TRADING SOUTH AFRICA RATING
98 %

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