We have recently received complaints and read many negative reviews on the internet about regulated binary options brokers using indecent practice towards traders. Although some binary brokers may be regulated, we do not recommend opening a trading account with ANY broker, be it a regulated broker or a non regulated broker, as THEY ALL seem to be unethical and non-trustworthy, even the regulated ones! If you have been scammed by such a company you can check out our RECOVER FUNDS FROM BINARY SCAMS section.

Also, instead of trading binaries which are mostly scams, you can trade with a trustworthy and popular FOREX broker such as STR Capital.

Are There Any Licensed and Regulated Binary Options Brokers in South Africa?

Most people don’t know if there even exists such a thing as a South African licensed and regulated binary options broker, we have done the research for you and have found that it does exist! For the moment there are no South African based brokers but there is a regulator called the FSB (Financial Services Board of South Africa) that regulates the binary options market for South African investors and the FSB has licensed a number of brokers such as AnyOption to legally trade binary options in South Africa as long as they comply with the rules written out by the FSB.

Learn more here: South African Binary Options Rules & Regulations