BOSA is here to inform South African online income seekers about a safe and lucrative way to make income trading the markets. Binary Options has seen a major revival since 2018 and now after the global Covid-19 epidemic, has become a major way for people to make money by trading the markets.
We have partnered with Spectre.ai, which today stands heads and shoulders above competition in safety and payouts, offering South Africans the best choice in trading and making money online.
What are Binary Options
Binary Options are the simplest way to earn money trading the financial markets. You need a high speed internet connection, modern PC or phone and you are all set.
Binary Options is a unique asset class which allows you to profit with an ROI of between 70-90% and up-to 400% on occasion, just by accurately predicting if the price of an asset will rise or fall during a specified duration. You do not buy/sell any asset, no fees, no custodian or clearing charges or settlement times.
Binary Options originally started in the year 2000 and by 2008 they were engulfed by many scams mostly run out of Israel. Because the amount of money that can be made in any given day is so large, unfortunately the entire sector was engulfed by predators. Unfortunately less than honest brokers still exist today but the outright level of scam found during 2008-2018 is no longer to be found. So as they say in our Afrikaans "Jakkals trou met wolf se vrou", there is sunshine within the storm.
We believe in safety of deposits, withdrawals and price-feed transparency above all and Spectre.ai stands well ahead of competition on this front.
Our team (myself Shane and Jonas who takes care of the signals side), has been with many brokers over the years. Defrauded by a handful too and so we know the obvious scam and less obvious scam tactics. Although brokers such as Binomo and Malaysian Binary.com do exist, they do not meet our criteria in terms of business model, transparency, risk management or safety. A swathe of negative online reviews on leading industry source Forex Peace Army for these and other prominent brokers does not deem them safe for South Africans, in our view.
It should be pointed out that Spectre.ai is not a binary options broker per se. Their asset offered is similar to a binary option only it can be closed before it expires and you don't lose your trade capital invested if you lose the trade. This is known as a digital contract and is far safer than what is offered at other brokers.
The business model is different to all other brokers too. Spectre and it's affiliates earn money on volumes generated by traders. This means it's completely conflict free. Spectre.ai does not care if a trader wins or loses as they simply make revenues on total volumes transacted. This holds true for affiliates and developers, alike.
Most importantly, if you withdraw, Spectre.ai always pays. They have been around for years and so far there are no withdrawal incidents or barrage of online negative reviews, when compared to other brokers. Forex Peace Army reviews here.
Recommended account: Regular
All regular accounts have a minimum deposit requirement of just $10.00 which is around 170 ZAR. You can open a real account and not deposit and just use it in DEMO currency mode to get familiar with it, with no restrictions.
Remember with Binary Options, you can grow a small deposit of just 500-1000 ZAR into multiples of this if you trade safe and use proper risk management which Spectre.ai provides various options on.
Required: Download Telegram
If you want to jump into the deep end and start earning, then we partner with EPIC 400 signals which is a Telegram messenger based signal service free of charge. The room is filled with hundreds of traders trading on Spectre.ai using our partner's high quality signals. These are high accuracy signals that can be used standalone or in conjunction with Technical Analysis (TA). Want to learn TA? Sign-up to our highly recommended partner who is the leader in binary options education, Blue Sky Binary!
Trading involves substantial risk and is not for every investor. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.