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Scam or not? Get In-Depth Reviews of Trading Brokers in South Africa

We do product testing and in-depth research to make your daily purchases easy and safe.


We have tried and tested. Our experts had deposited, withdraw, use every feature and tool on various trading platforms for weeks/months to ensure you never lose a South African Rand to fraud.

A simple search on your PlayStore, Apple Store, or Google will tell you there are 100+ trading platforms. This raises a few questions,

  • How do you identify legit and safe platforms in South Africa?
  • And once you identify legit platforms, which of these offer the more attractive investment opportunities?
  • Also, what kind of investors do they suit?

To answer these questions, we developed a sophisticated system that includes analyzing key aspects of every platform. Read below to know more about this system.

What Our Testing Concludes

NOT
SCAM

Agree

This is a legit and reliable company with proof of successful withdrawals where you can deposit and withdraw at your free will.




SCAM

Scam/Fraud

Avoid using these platforms as you are likely to lose your money. Making withdrawals can be a pain for reasons like a high minimum balance, limited withdrawal modes. There’s also a chance we didn’t find sufficient withdrawal proof. The company is known for fraudulent activities and isn’t regulated by any legit organization.

Recommended

Recommended

  • Recommended for specific traders: For platforms that are more suited for a specific type of investor profile.
  • Recommended for anyone and everyone: For platforms that any investor can use. 
Not Recommended

Not Recommended

When a platform isn’t suited for any kind of investor, most likely, they are a scam designed to lure unsuspecting investors, especially newbies.

All reviews contain both a summary and a detailed analysis of the platform. From how to log in, withdraw, deposit, use bonuses, make trades, etc., we cover every nook and cranny to make using any platform effortlessly. 

How We Test Each Platform?


1. Validate Public Information

Is the platform regulated by the organization or government body it claims? Our experts verify all the information and check the legitimacy/credibility of the regulators and agencies, so you are never left hanging if you feel aggrieved.


2. Test the Platform Features and Tools

From the charts and extensions these platforms provide to the ease of creating and renewing a demo account, every tool and feature is thoroughly tested to check how it helps and what kind of traders it is best suited for.


3. Dive Deep Into the Platform

Are there ample methods to make withdrawals? How much time do deposits and withdrawals take? Is connecting to the support staff quick and easy? And are they well-informed about the platform to provide quick-fire solutions?

We dive deep into every corner of the platform to give you the most accurate details, so every type of investor knows exactly which platform is tailor-made for them.

It also helps us confirm if these platforms stand true to their advertisement and what kind of results to expect.

4. Are the current users happy?

From trading-related forums, complaint sites, reviews on the PlayStore and YouTube channels, we scour the internet and take into account hundreds of reviews before suggesting whether a platform is safe for you or not.

Not just in English, reviews and info in other languages is also an important aspect of our research to ensure people from all over the globe are protected.


5. Final Verdict

All the information is then compiled into a short analysis and a detailed review along with comparison tables to give you a clear idea about these platforms and who they fit.

From the best Fixed Time to Binary Options Trading sites, We Tried and Tested them all



Binary Options Trading has grown in popularity over the years, and we believe there are two main reasons. Firstly, even newbies can learn it in days and secondly, the real possibility of making considerable profits in quick-time.

And to capture this booming market, there is a huge spike in the number of trading platforms available. And while there are genuine ones, there are plenty of fraudulent ones as well that you need to watch out for.

To ensure you do not lose your money to these scams, it is important to choose platforms after recommendations from sources that have tested them.

Most Recommended Brokers in South Africa

olymp-trade-logo
  • Get started with a $10,000 Demo Account
  • Start trading with a mere $1 (minimum deposit $10)
  • Earn profits up to 92%

MOST POPULAR

  • Minimum Deposit of just $10
  • Earn profits up to 93%
  • Make deposits and withdrawals via local banks
  • The minimum deposit is $10
  • Use code BEYOND 100 and get a 100% Bonus on Deposit
  • Free $1000 Demo account for newbies

Open Demo Account Now and Get $10000 Free