Binary Options Trading in South Africa

"Binary Options Trading in South Africa" does not represent a specific company but describes the practice of trading binary options within the country. This form of trading is a high-risk, all-or-nothing proposition where a trader speculates on the price movement of an asset over a short period. The market in South Africa is primarily served by offshore and international brokers, as the local regulator, the Financial Sector Conduct Authority (FSCA), has issued multiple warnings about the practice and the unlicensed nature of many providers. The FSCA classifies binary options as Over-the-Counter Derivatives (OTPs), which requires a specific license that most of these international platforms do not hold.