What is Binary Trading App?
Binary Option is the app provided for users to inquire whether a broker is formal, legal, or real.
Best Binary Trading App In South Africa
Opteck South Africa. Opteck is a CySEC regulated Broker which offers South African binary traders a secure platform, several tools, and multiple trading options.
Is binary trading legal in South Africa?
There is no law that forbids South Africans to open an account at online binary options brokers that operate from another country, so yes, you can.
There are many legal and legitimate brokers around the world that operate with a license issued from a specific jurisdiction and which accept South Africans.
How do people earn from binary trading?
A trader in binary options must look at the trend of an underlying asset or commodity and predict whether it will go up or down.
The trader earns a profit or loses their invested money based on how accurate their prediction was.