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Binary options trading has become a very popular form of investment, joining the likes of Forex, stocks and commodities.
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This is the only legal restriction South African citizens face. on
Thus, the total limit is 11 million, when both options are combined. However, before you use both, you should note that any off-shore investment funds 10 million binary option no deposit bonus 2014 be cleared with the revenue service SARSi. However, even with the SDA, you still have to take care, as you have to state exactly what you plan to use your money for, unless you want to risk being fined.
For more info about bringing money into the country, you can 214 with the SARB. However, while there are Forex trading brokers that are licensed by the FSB to be found, they are still very rare.
Thus, most trading is done via off-shore platforms, simply because they offer better conditions, like tighter spreads, more payment options, and even account bonuses.
Most South African traders go for trading platforms licensed by other licensing authorities, the most prominent of which are the European regulatory agencies.
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The agency is the successor to the FSA and its licenses are a likewise solid proof of trustworthiness. Licenses from the ASIC are not as common, though they are just as reliable.
List of Forex Brokers accepting traders from South Africa: Rank Broker Offer Trade Now 1. You should consider whether you can afford to take the high bonks of losing your money.
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