Best South Africa Binary Options Brokers

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If you have decided to, or are thinking of opening up a Binary Options Trading account at any of the top rated binary and digital options brokers that accept us clients fully licensed and regulated Binary Options Brokers we have listed throughout our website, then one question you may have is in regards to funding your account at such a site and also how does such a site pay you out when you have placed winning trades.

This part of our website is dedicated to answering as many questions as we can in regards to the many different types and kinds of banking options that are available at each of our featured Binary Options brokers sitesand as such you will soon be able to get every question you may have answered by giving the following guide a good read through.

Be aware that you can also pick up some rather generous bonuses if you do decide to start trading at any of our Nigerian trader friendly Binary Options Brokers, and as such do make sure you check as many of those sites out, for those additional bonus trading funds can often help you amass a fairly substantial trading profit when you make full use of them. You will find that many Binary Options Brokers will give their Nigeria based clients the ability to find their trading accounts using Western Unionbe aware however that when you choose to use this method to transfer funds into any trading account you will be forced to pay additional fees, however those fees can often be offset thanks to the very large sign up and ongoing trader bonuses that you will have access to, more so at any of our featured and listed Binary Options Brokers.

How much can I deposit? There will usually be a minimum and maximum amount that you are going o be able to deposit into your trading account, and as such if you just wish to tip your toe into the Binary Options trading environment then you can do so by making a small nominal deposits, however if you are a high volume trader and ant to additionally make full use of the large deposit bonuses on offer at a lot of trading sites then you will find some very large deposit limits in place at each of our featured Brokers.

How do Binary Options bonuses work? The most commonly available Binary Options Brokers bonuses are structured as very easy to claim deposit match bonuses. To make full use of these bonuses you will simply need to make a deposit into a Brokers site using any of their available banking options and your bonus is usually credited to your account straight away. But do be aware some Brokers will use a bonus code system and that will mean you need to enter a special binary and digital options brokers that accept us clients into the banking interface when making a deposit to get our bonus credited to your account at the same time that you make your qualifying deposit.

Will I get paid my gains and profits quickly? As long as you open a trading account at any of the Binary Options Brokers that we have listed throughout this website you are never going to experience any form of delays getting paid out your trading profits at those sites. We have picked only the fastest paying Brokers to list on this website and as such no matter where you live in Nigeria you will find you are usually paid out your winning sin or around 2 hours after you have requested a withdrawal from your trading account.

You will not have any problems when you join our featured Broking sites, and as such site we list is fully licensed and regulated then at all times your trading funds held n your Binary Options Broker account will be completely safe.

If you wish to get paid your profits and gains using a bank wire hen that is binary and digital options brokers that accept us clients of the many different withdrawal options that are going to be made available to you when you utilize any of our featured Broking sites. One of the most convenient ways that online and mobile Binary Options traders are going o be able to make deposits and withdrawals into their trading accounts is by using one of the many web and e-wallets that are readily available, It is worth noting that if you wish to keep your trading funds completely binary and digital options brokers that accept us clients from say your bank account then a web or e-wallet is going to be a perfect solution of you to consider using.

When you sign up to binary and digital options brokers that accept us clients Binary Options trading site that site is going o have to verify your account as part of their security procedure, so if that site is unable o verify your indents in a digital way then they will request that you send them in copies of some form of identity documents, which could be a driving license or a passport, you may also be required to send in some other form of identification documents that will verify your address, and as such any recent utility bill will allow you to verify your address, simply make a scanned copy of a recent bill dated within the last three months and email it to the Binary options Broker and that should suffice.

You will only ever be allowed to open one single trading account at any one single Binary Options Broker, please do not try and open up more than one account or try to claim more than one bonus offer at each site!

All of the Binary Options Brokers which we have chosen to list and showcase to you on this website welcome and accept Nigeria Citizens to sign up to their respective sites. Can I deposit using Western Union? Are my trading funds safe? Can I get paid by bank wire? Can I deposit and withdraw using a binary and digital options brokers that accept us clients or e-wallet?

How do I verify my Binary Options trading account? Can I open multiple accounts and claim multiple bonuses?

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Tue Apr 3 Tokyo: December edited December in Beginners Questions. I am not a Lawyer and by no means is this any type of legal advice but just searching thru the CTFC and SEC web sites this is what i have gathered, if I am wrong please correct me. Yes, binary options trading is legal in the United States. There are at this moment no laws both on federal and state level that forbid US citizens from trading binary options online. The financial trading market is regulated and supervised by the U.

Commodity Futures Trading Commission and the U. Securities and Exchange Commission. However, these organizations are very unfriendly towards brokers operating from outside of the US. These organizations are also tasked with awarding valid licenses to safe financial service providers. If a broker breaks the strict rules and regulations imposed by these organizations, then it will lose its license and risks heavy fines and even prison sentences on its owners.

However, binary options trading and financial trading in general laws are extremely restrictive in the US, meaning that authorities are only willing to offer licenses to a selected few of genuine USA companies such as NADEX. At this moment, no offshore broker has a license in the US. This however does not mean that offshore brokers are illegal in the US. Offshore brokers are in reality not even subjected to US laws, meaning that traders are allowed to register at brokers of this kind.

Sure, authorities and operators like NADEX might not like this but they have no legal means of prohibiting traders from trading at offshore brokers and offshore brokers from accessing the US market. Unfortunately US policy in regards to financial services is extremely protectionist and as such national regulators are not that keen on awarding licenses to offshore companies, even though those companies fulfill all licensing criteria.

The first category is that of offshore brokers that are licensed most commonly in European Union jurisdictions but fulfill all regulatory criteria and safety standards imposed by the laws of the United States. The second is that of binary options brokers located in USA. Offshore-licensed brokers The largest category of financial trading brokers that accept USA traders are those that are located and licensed in offshore jurisdictions. This way the CFTC kind of tolerates their presence because it has no legal means of prosecuting them even though it has not awarded them a license.

In most cases, these brokers are licensed in a European Union member state and as such already follow a strict set of guidelines and regulations that most of the time are even stricter than those in the United States. So, trading at an offshore licensed broker is actually a better idea than trading at a broker located in the US. Most European brokers also offer much better services than genuine US binary options brokers. This is because the diversity of the European market is much bigger than that of the US.

Due to the fact that the CFTC only licenses a limited number of genuine US brokers, the internal competition is extremely weak. Once this happens, all those USA binary options brokers that at this moment operate from Europe will most likely instantly receive a US license as well.

I was reading an Article And I want some more insight from ppl in the Forum. It makes me question if it is illegal as many online Foreign Binary brokers are US friendly. Although that seems a little fishy. Can anyone shed any light on the legality of Binary trading for US citizens? The wording of the law is very specific and the key word your looking at is "Solicit" and is used in reference to the brokers themselves.

So yes by using a broker who calls you all the time you are putting yourself at more risk. But if your happy with a broker and they process your withdrawls simply tell them I am in the US and do not wish to be contacted as you put me at risk, otherwise I will move to another company.

It is not illegal for traders to register and trade binary options in the US. It is illegal for offshore brokers to accept USA traders. If case something happens, nothing will happen to traders from a legal perfective. Those press releases might be old but since then the law remains unchanged. Those warnings remain valid today the same way they were in What's still vague at this point is the question of websites that promote "USA friendly" binary options brokers. Do they also fall under the category of "soliciting" people to trade binary options at unlicensed operators or is it just the actual brokers themselves that fall under this law?

January edited January I was doing some research into this same issue and came across this forum discussion. I thought the following article which is quite recent last month was really interesting as well: While it has been pointed out that there is one CFTC regulated binary options exchange in the USA namely Nadex, I think it is important to note the fundamental difference between Nadex and the typical binary options platform.

Whereas with all the other binary platforms I am aware of you are trading directly against the house and they have to honor the trade once you click to buy it, the trades are on offer and you can enter your trade whenever you are ready and they have to take your trade. This is far superior from my perspective. I think this is also key for the whole US legality aspect as well. Because if it is just fixed odds betting as some regulators now hold that it is Isle of Man, UK, Israel, etc.

The illegal online gambling is defined by law in the US to cover casinos, the actual law refers to a prohibition on gambling on games of chance. It is in court in the US currently whether things like fantasy sports and poker are games of chance, I do not think anyone will say that movements of forex and stocks are games of chance and I can only imagine the mushroom cloud that would erupt over Wall Street if a US court ruled the world stock markets and forex were all just down to luck and chance!

Lol This debate about whether binaries will be regulated as financial or gaming seems to be going in the direction of gaming. I think that the City of London and the UK regulators are looked at as the leaders of Europe and are leaning this way.

The Isle of Man is part of the British Isles and has already decided the issue. I tend to agree based on the facts: Since binary options first became available in the US in , traders have shown a considerable amount of interest for this relatively new form of investment. The binary options industry experienced a boom in the later part of , as traders from every corner of the country wanted to learn and participate in this type of trade.

As a result of the financial crisis experienced by the United States in , the financial securities market has greatly evolved over the years, and some critics would say it has become very restrictive, especially in terms of binary options.

Despite this, the US is one of the few countries in the world to have a very solid regulation structure in place, which assures the utmost protection for traders by adding many security layers. Some view this as limiting, but most investors feel confident in investing in binary options due to how closely monitored the market is. The legality question of binary options in the US has two layers.

The first consists in whether binary options brokers from the US can operate in accordance with the federal and state laws; the answer is yes. The second layer involves traders and whether they can lawfully start trading options; the answer is yes to this as well. The US history of binary options shows that over the counter transactions were popular at first when there were very few regulations in place. A few years later, the Options Clearing Corporation OCC started regulating all over the counter operations in order to keep a closer eye on buying and selling activities.

Anyone who would stray for the rules would be banned from trading options, either temporarily or permanently, depending on the severity of the breach. Blue Sky Binary Posts: Hello, Binary options are legal in the sense U. S citizens won't be jailed for trading them. S clients for the trading of binary options is illegal. The last time a company active in traditional binary options tried to solicit U. S clients, they were deported.

This company was called Banc De Binary. Signal Hive - The No. There is a lot of confusion caused by the term "binary option" being used by two very different kinds of platforms.

Most binary platforms are the second kind and are not an exchange operation at all, instead you are playing a real money game against "the house". The asset pricing comes from the real financial markets, granted, but that is not the same as buying an actual option like on Nadex. When you buy an actual option you have an actual right to take delivery of it or if the seller an obligation to deliver it up. The fact that in The UK correctly regulates this product under gaming.

The only place that has said these operations would be regulated by a securities or derivatives exchange regulator is the Cyprus equivalent to the CFTC: Cyprus Securities and Exchange Commission which is only misleading consumers. I am not aware of one company in Cyprus that is operating an exchange like Nadex. Rather you are playing a game against the house. No option is in fact being sold.

So the UK government is right. Under US gaming prohibitions casinos and sportsbooks are illegal but there is absolutely no prohibition against binary betting on the outcomes or performances of the world financial markets. For gaming legality comes down to whether it be a game of skill legal or a game of chance illegal.

Betting against the house does not constitute trading in derivatives. The end result is that whether a given binary company is legal in the USA or not will depend on how they have gone about regulating and marketing their product. If they operate a game against the house and market it as such with a gaming license then they are not in any way afoul of US laws under games of skill as they currently stand. Alternatively if they are operating an exchange or selling derivatives which is something entirely different then they must be licensed by the US financial regulator, the CFTC.

It's difficult to come to a specific answer to this question. Theoretically no one prohibits from trading on BO, but the government always has complaints in terms of legalising the company itself. If I may it is very very simple. They are not legal in the sense the U. So no they are not Illegal which would mean you were committing a crime and that is a fact. If anybody says the opposite they lying to you or work for Nadex..

On that same note you have no regulation or protection because of this and if a binary options company goes belly up or does not wish to pay you, well you have no recourse.