Best Binary Option Robots in South Africa
Binary options are prohibited in the European Economic Area.
Trading binary options is very getting more and more popular in South Africa. Using best binary option robots and auto trading has become common practice among traders around the world. Traders in South Africa are following the trends too.
Therefore we decided to prepare this guide for all of you. Our goal is to give you all the information that is necessary to sign up and trade with trustworthy binary options robots and keep you away from binary options scams.
Information that you will find on our site will definitely be valuable in your binary options trading. Hopefully we will be able to give you some good advices about making money online with binary options robots on South African market.
If you are interested in making money online with binary options trading, binary options robot or auto trading, you came to the right place.
Binary Robots and Auto Trading in South Africa
Trading binary options is very simple process. You just need to select assets that you want to trade, select expiry times and decide on the amount that you are willing to invest in that trade. It’s that simple!.
However, even though trading binary options is simple, as described above, many traders are having problems. How to decide which binary options assets to trade? Which expiry time should I select? How much should I invest in binary options trade?
All of these questions are very common among all trades. This is especially the case if you are just starting your trading career like many traders in South Africa are.
Good news, for all of you, is that there is very simple trading tool that can help you. Thanks to the team of experts that have put together their forces and build different auto trading robots and binary options robots, you are now able to choose the best binary option robots on the South African market.
Binary option robots and auto trading solutions have been developed to keep track of the market trends. Their trading algorithms are doing software analysis and based on the outcome they are executing trades on your behalf. Thanks to these software and trading experts, investors from South Africa are able to trade on many trading platforms offered by best binary option robots.
South Africa Best Binary Option Robots – Which one to choose?
Several decision making factors need to be taken into consideration when deciding which binary option robot or auto trading system should you choose:
- Which brokers are available on the binary option robot platform?
- What is the minimum deposit to use auto trading system?
- Is there a demo account?
- Which features can I use with binary option robot?
- How can I withdraw my profits from binary option robot?
- Is binary option robot a scam?
1. Which brokers are available on the binary option robot platform?
Before we answer the question which brokers are available on binary option robot platform, it is important for you to understand how binary option robots work.
When you sign up to one of the binary option robots, for example Binary Options Robot, or Simple Auto Trading, you will be automatically connected with the binary options broker account that is available in your country.
This is very important step, because binary options robots or any auto trading software can’t place any trades if you don’t have funded account with binary options broker that is integrated to their platform.
Binary options traders from South Africa can choose among many binary options brokers that are integrated with binary options auto trading robots.
Most recommended and trustworthy brokers for South African traders are Binary Tilt, Stockpair, Opteck, Zeus Option, 10 Markets and they are all available on Simple Auto Trading andBinary Options Robot.
It is possible that every now and then specific broker will not be available for you to sign up, but don’t worry. Signup systems are configured in the way that they will redirect you to the best broker that is available for you at that moment.
Don’t forget the fact that you are able to sign up with more than one broker! This is very convenient if you would like to test one trading strategy or system with one broker account and some other algorithm on another broker account.
2. What is the minimum deposit to use auto trading system?
As we already mentioned, deposits are not done with binary options robot or any auto trading platform. When you clicks on the deposit button in your account profile, you will be redirected to the deposit page of your binary options broker account.
Minimum deposit for the traders from South Africa, with all brokers that are integrated with any of the best binary option robots is $250 USD or 250 EURO, depending on the currency that you selected when you created an account. You are able to use most of the credit cards, like MasterCard or Visa. Some of the brokers also accept e-wallet payments.
3. Is there a binary option robot demo account?
Demo account is a useful tool for beginners in binary options trading. Why? Because it allows you to test the platform without any deposit. After you get your demo account and test the platform with virtual funds, you can make a deposit and start trading trading for real money. Trading for real money also enables you to make real profits, while using demo account is just to show you how system works.
Demo account for South African traders is available at Simple Auto Trading. Binary Options Robot, HB Swiss and FinTech unfortunately don’t provide demo account.
The fact that there is no demo account available should not stop you from testing the binary option robot. It is always free to create account and all of the auto trading binary options robots that we have reviewed on our website are very simple to use. It is very likely that you will get the feeling of it’s assets and features as soon as you create an account.
4. Which features can I use with binary option robot?
Every binary options auto trading software is different, so you will need to decide on your own which features are more interesting for you to try. You can, as well sign up with few binary option robots and see which one you are most comfortable to deal with.
This is very convenient method for all traders that are not sure which binary option robot to choose.
Best binary option robots in South Africa are offering you several trading systems, trading algorithms, indicators and various assets.
You are able to use Martingale system, Fibonacci system, Trend indicators, RSI indicators, MACD indicators as well as trading algorithms such as Perfect Pitch Method, High Yield Systems, Capital Gain Cue or Order Flow.
Different assets can be trades as well, but we believe that it’s best to stick to the most common ones so it is easier for you to compare performance of each auto trading binary options robot.
Most common assets that best binary option robots in South Africa are able to trade are forex currency pairs, such as USD/EUR, GBP/USD, USD/CHF, USD/JPY, EUR/JPY and many more. Some binary option robots are also providing the opportunity to trade commodities, or indices, but you have to keep in mind that you can not do proper comparison between two, or more, different binary option robots if you are using different trading assets.
5. How can i withdraw my profits from binary option robot?
In the section “2. What is the minimum deposit to use auto trading system” we already mentioned that the deposits are made directly with binary option broker that is connected to your auto trading profile.
Best binary option robots South Africa are following the same policy. Traders are making deposits with the broker accounts that are connected with their binary option robot accounts. Same policy is followed when you want to withdraw your profits.
You need to log in to the binary options broker account that is connected to your auto trading platform account and select withdrawal from there.
Binary option robots are not processing your deposits or your withdrawals. These tools are only providing you with the opportunity to use their advanced trading algorithms and trading strategies on your binary option broker accounts.
However, you need to keep in mind that in order for any of the auto trading binary option robots to work, you need to register with them and get broker account. It is not possible to connect existing broker account with the binary options robot.
Withdrawal from the binary options broker that is connected with your binary option robot account is possible using the same method that you used to make a deposit.
6. Is binary option robot a scam?
Before investing in any trading you need to be aware that there is always a risk of losing your investment. Same thing is with binary option robots. Even though they did testing and managed to achieve certain winning ratio, you need to keep in mind that those are long term stats.
Making minimum deposits with binary option robot is good to test the product and see how the auto trading binary options system works. After you are finished with your testing period you can see for yourself is this something that is suitable for you or now.
One thing that we can tell for sure is that the best binary option robots in South Africa that we had the opportunity to review on our website are not scams. They are using trustworthy brokers. We did not receive any complaints about any of the best binary option robots in South Africa.
Even though binary options robots are very convenient for beginners in binary options trading, you have to keep in mind that many experienced binary options traders are using them as well. The reason for that is because they can combine their manual trading directly on the broker account, with some of the trading systems that are provided by binary option auto trading robots.
To conclude this guide, we can only say, what are you waiting for? Check out Best Binary Option Robots in South Africa and start your online trading career.