Binary Option trading is very popular in South Africa.
The South African government organization that regulates and licenses binary option brokers is the Financial Services Board or FSB.
ETX Capital (read review) offers both Forex & Binary Options trading on multiple platforms. They are licensed in the UK by FCA and in South Africa by FSB. Their minimum deposit is only $100 and they have 200% returns on options, read more.
Besides for the FSB licensed brokers, there are other brokers which are licensed in the European Union by the Cyprus Securities and Exchange Commission (CySEC) who are very popular.
Worldwide there are over 250 binary option brokers. While there are many scam brokers, and brokers that are not licensed to offer binary options, the nice thing is that South Africans have many choices for a legitimate, licensed and regulated broker to use.
All of the brokers mentioned in this article use a unique trading platform. What differentiates binary option brokers is the trading software they use, and the returns they offer. So instead of just going with the broker that you heard about via a marketing email. Visit 4 brokers, and properly compare which broker is suitable for your desired trading goals.
Many binary option traders have heard about trading signal software with guaranteed profits. We are sorry to tell you that there is no such thing as guaranteed profits, but there are signal programs traders can utilize for trading ideas, read more here.