Top 10 binary options brokers 2014 - IQ Option Review │ Regulated Safe Binary Broker South Africa
They do worth it and it could be a shame for you not to know the main features of this significant part of the overall global financial trading space.
Only few years are there was no official authority or independent agency that covered the binary option South Africa field. This made many traders to top 10 binary options brokers 2014 and believe that financial services providers in this region are not trustworthy at all.
Moreover — a big part from 01 binary trading community has the opinion that binary option South Africa brokers were illegal.
At some point, they were right, because several years ago there was no regulation body in the country at all. However, lots of the local brokers were completely brooers — with an official license and with the right to operate on the market. As to the regulation lack, top 10 binary options brokers 2014 preferred to use those binary option South Africa brokers that are offshore, which means options trading diagram are either owned by companies from other countries, or they simply are foreign trading platforms, which, though, accepted South Africa-based traders.
However, things have changed quite fast for binary option South Africa platforms. Today, we can point several controlling and observing agencies that cover both — the financial services providers in the country, as well the binary option South Africa brokers specifically.
Check out them and learn the basic information about their job and tasks to perform. The FSB — the Financial Services Board is a typical government agency for official and proper regulator of the entire financial services industry in South Africa and of the binary option brokers.
Moreover — the Financial Opttions Board is oriented to all kinds of procedures, financial structures and binary option participants including top 10 binary options brokers 2014 South African Brokers in South Africa with one single exception — the banking organizations and services. The data source must therefore be independent and transparent. The arbitration agency issues the closing prices on the contracts.
However, the scope of opptions of the FSB covers the South African financial markets, and does not extend to any other online-traded financial products from brokers located in other geographical areas. BESA and Market Tech introduced the first online binary options platformwhich was to be accessed from the web address Justrade.
This was in Binary options in South Africa have therefore transited from being an online traded derivative product on Justrade. So the question is: Legally speaking, it is not illegal to trade binary options in South Africa.
However, hrokers have a situation where online binary options has not been given as much attention as other products listed on the JSE. For instance, it is customary to find traders preferring to trade equities directly, rather than the equity derivatives that make up the asset class of the binary options market there.
In the light of the event driven trading strategies provided above, we top 10 binary options brokers 2014 therefore see that traders of binary options in South Africa do not have much of a choice when it comes to trading a home-grown binary options market. Traders who want to trade with a localized structure will have to open a derivatives trading account with the JSE in order to trade the Can Do Exotics category of instruments, which is where binary options contracts are listed.
The only other alternative is to trade brokera options using online platforms, which is presently only available in South Africa by opening an account with a brokerage located in Europe or elsewhere.
There is no law barring traders from doing this, and this is the line that most South African binary options traders are towing.
For now, the FSB is only concerned with the exchange-traded Can Do Exotics, as the 22014 law setting up its regulatory function has geared it towards this function. Online binary brokers from other regions who are offering their products to South Africans are not regulated and top 10 binary options brokers 2014 is no requirement for them to be regulated.
Presently there is no requirement for online brokerages to be regulated in South Africa, and the trend looks set to continue for the next few years. However, there is no guarantee that the rules will not change, especially with the renewed investments coming into many sectors of altredo binary options economy of the African region.
Here at Investoo, we shall continue to keep you updated on any changes in the way binary options are traded in South Africa. But at the moment, South Africans have a choice to use the exchange-traded binary options offering on the JSE, or simply trade online with any of the binary options brokerages which are regulated top 10 binary options brokers 2014 their own countries.
Description:The emergence of many brokers has been good since it has created high competition, when binary options trading started since there were about 10 trading platforms. .. Currently, binary options trading is extremely popular in South Africa. . in November of as many Russian citizens were in a rush to secure funds.