Vanilla Options Explained

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Over the past years, Options trading platform south africa trading has quickly gained popularity in South Africa, despite various rules imposed on traders. Thus, the South African government has no regulations regarding the legality or illegality of Forex Trading platforms, but only a system of exchange control that oversees the cash outflow from the country.

From onwards, South Africans are allowed to send money out of the country and to off-shore accounts, which is what most Forex accounts are, but with options trading platform south africa specific limit. This is the only legal options trading platform south africa South African citizens face. Thus, the total limit is 11 million, options trading platform south africa both options are combined. However, before you use both, you should note that any off-shore investment funds 10 million should be cleared with the revenue options trading platform south africa 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 check 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. The most trusted, and thus popular, agencies, are as follows:. They also enjoy a great reputation, since Cyprus, as a member of the EU, has to adhere to EU financial regulation policies. The agency is the successor to the FSA and its licenses are a likewise solid proof of trustworthiness.

Options trading platform south africa 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. What currency pairs is the Rand part of? The Rand is a very popular currency among Forex exchanges and can be found as part of many currency pairs.

This is why most South African traders are interested in Forex trading, as they have plenty of resources regarding the USD and GBP, but also know more about their local economy than traders outside South Africa. Why is the Rand popular among Forex traders? Just like the Australian and Honk Kong dollars, the reason why the Rand is a popular choice is because of the fluctuations and variance it offers. In South Africa, the Rand is stabilized against other currencies to some extent by the Reserve bank, which gives it gives it some free floating space that can be exploited for profits, as it fluctuates more wildly against other, more stable currencies.

Is Forex trading taxable in South Africa? Any profits you make with Forex trading are taxable, just like your regular income, which means you have to file a Personal Income Tax form. You can also list the profits on your ITR12 as foreign income. Will I be charged any Trading Fees? However, there are still other fees to keep in mind. For example, it is a common practice to charge small fees for keeping your trading account open, but also withdrawal fees, which depend on the payment method you want to use.

What currency pairs are the best? It depends on your personal preference. How much money am I allowed to transfer back to South Africa?

To protect this area, the Reserve Bank prohibits any South African citizen options trading platform south africa import or export Rands or other bank notes from the common area that exceed more than ZAR 25, in value, per person. Can I Increase my Single discretionary Allowance? That is, not by yourself. However, make sure you consult a professional before you do so. Can I send more than 10 million Rands off-shore? Yes, there are exceptions to the off-shore investment limits.

However, to be able to increase your investment allowance, you would have to file an application to the Financial Surveillance Department of the SARB through your bank, options trading platform south africa with a Tax Clearance Certificate, and wait for approval before you are allowed to send more money out.

Thus, the leverage you can get will vary from one Forex brokerage to the next, with most offering a standard of As said, there are no specific regulations for Forex trading, but there are ones related to finances.

Frequently Asked Questions What currency pairs is the Rand part of? Who Regulates Forex trading options trading platform south africa South Africa? Facebook Twitter Pinterest Google Plus.

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Your dummy Binary Options account will have play money so that you can learn risk-free how to trade Binary Options. We are eager for you to join us in this unusual method of trading. The thing that attracts so many people to trading Binary Options is the low-risk factor. First of all, you have an excellent chance of making gains. Second, you get to choose how much you put down on an individual trade.

This way, you are always in control. Another low-risk factor is that the amounts you invest are relatively small. Should you lose on a trade, it will be an insignificant amount compared to the potential profits you can make. For some quick profits you can make, the risk is relatively minimal compared to other forms of trading.

Open a free account , practice first, make your first deposit and start your journey to prosperity. A quick guide to trading Binary Options Binary Options trading is perfectly legal for anyone in South Africa over the age of eighteen.

Trading Binary Options you get the opportunity to predict what a price will do. There are only three possible outcomes. Either the price will go up or it will go down, or it will stay the same.

Binary options follow the performance of real stock markets and real foreign exchange markets. All the information you need you can get on the platform you choose. You believe that the rand will go down in value against the dollar. If your prediction is wrong, you will not lose more than what you put down. Binary Options trading is not like conventional trading.

You can set the price movement prediction at a few minutes or a few hours. One minute trading is highly popular because you can make quick profits in a short period. You have to predict what will happen to the price in the next 60 seconds. You will know within a matter of seconds and profits will be allocated instantly. You can then release your profits into your bank or credit card account whenever you are ready.

Or you could use your gains and make more Binary Options trades for a chance to build up your earnings pool. USD to ZAR The perfect investment opportunity for you Binary trading is an excellent opportunity to launch a second income for business people, retired individuals, or anyone with time in the day. This information includes the trade you have opted for how much you are investing in that commodity, currency or stock to go up or down and how much profit you stand to make if your prediction is correct There is nothing more you need to know to make quick investment gains online.

A simple concept that is easy to understand Binary options trading is simple to learn. Minimal risks — Maximum profits The thing that attracts so many people to trading Binary Options is the low-risk factor. Where we fit in We are official South African advertisers for Binary. We allow you to: Articles Privacy Policy Contact us. Copyright Binary Options SA.