How Do You Get Started In Binary Trading – FAQ

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo

    2 place in the ranking!


Affiliate FAQ


What is the Affiliate Programme all about?

The Affiliate Programme allows you to benefit from referring new clients to our site.

If you’re a broker we’d like to work with you. You will be introducing your clients to a unique and innovative product: the trading platform. Your clients will love the trading platform because we offer a complete binary options trading experience tailored to the needs of an exceptionally wide range of traders.

Novice traders can use our intuitive platform to learn about trading, practise trading, and gain trading experiences. Seasoned traders can use the platform and take full advantage of the wide range of trading and analysis tools we have to offer.

Who can apply as a affiliate?

  • Webmaster
    Do you run a website that promotes Forex or binary options? Join our global network of affiliates and turn your online traffic into revenue.
  • Trading guru
    Earn additional income with us as you grow your community of potential and existing online traders through useful trading insights and mentorship.
  • Webinar speaker
    Monetise your online trading discussions with your audience of trading enthusiasts while helping them improve their trading experience.
  • Web and software developer
    Receive commission when you bring in new clients through trading applications and interfaces you build using the API.
  • Social media admin
    Do you manage a social media page that’s dedicated to online trading? Partner with us and convert your audience into potential profit.
  • Blogger and vlogger
    Maintaining a page or video channel about online trading? Get rewarded when you refer your followers and viewers to trade on our award-winning binary options platform.

Why should I become a affiliate? is a licensed and regulated binary options trading platform that’s been operating since 2000. It has:

  • An international appeal with multilingual support in English, Spanish, French, German, Portuguese, Chinese, Italian, Thai, Polish, and Russian
  • An intuitive, web-based platform that’s instantly available to traders of all levels – anytime, anywhere
  • A competitive and flexible affiliate programme that can be adapted to your needs

Is there a cost for joining?

Not at all. Joining our affiliate programme is completely free and always will be.

What is the definition of a referred client?

A referred client is someone who has been referred through your unique affiliate link and who has deposited money into their account. They must fulfil the following criteria:

  • Have not previously been a customer
  • Aged 18 years old and above

Who can be a client on the platform?

Anyone aged 18 years old and above who is not the resident of a “restricted country” (as listed in our Terms & Conditions) can become a client.

Account management and tracking

How can I become an affiliate?

It’s easy. Just go to the signup page and complete the affiliate registration form. We’ll review your application and get back to you if your application is successful.

I forgot my password, what should I do?

Don’t worry, you can simply reset your password.

How can I change my payment method?

Log in to your affiliate account and go to: Finances → Payment instructions.

How and when will I receive my affiliate earnings?

Your commission for the previous calendar month will be deposited into your account by the 15th of every month.

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo

    2 place in the ranking!

How do I know how much I have earned?

Log in to your affiliate account and go to: Reports → Detailed activity report

What kind of reports can I generate?

You can generate all kinds of insightful reports, including the following:

  • Hits & Impression report: Displays your hit rate and click through rates
  • Countries report: Displays a list of countries where your clicks are coming from
  • My Players report: Displays a list of your clients according to their IDs and the date they signed up

Can I offer my referrals an incentive to sign up through my unique affiliate link rather than sign up directly?

We prohibit the use of unauthorised incentives, gifts, and payments to encourage customer signups. If we have reason to believe that you have engaged in such activity, we reserve the right to withhold any payments due to you. However, if you have a specific incentive in mind, then please contact your account manager for further discussion and approval.

Referral tools

What referral tools do you offer?

We have a tested and proven selection of referral tools including banners, reviews, videos, and text ads for you to use. If you would like certain items to be customised to your preferences, please contact your account manager at [email protected] You can also use the MyAffiliates system to track and optimise your campaigns.


Where can I send my questions, comments, and suggestions?

Feel free to get in touch with us at [email protected] We’d love to hear from you.

Our Company




Partner With Us

In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).

Outside the EU, financial products are offered by Binary (SVG) LLC, Hinds Building, Kingstown, St. Vincent and the Grenadines; Binary (V) Ltd, Govant Building, Port Vila, PO Box 1276, Vanuatu, regulated by the Vanuatu Financial Services Commission (view licence); Binary (BVI) Ltd, Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (licence no. SIBA/L/18/1114); and Binary (FX) Ltd., Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan, Malaysia, regulated by the Labuan Financial Services Authority to carry on a money-broking business (licence no. MB/18/0024).

This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, Japan, or to persons under age 18.

The products offered via this website include binary options, contracts for difference (“CFDs”) and other complex derivatives. Trading binary options may not be suitable for everyone. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved and learn about Responsible Trading.

In the EU, financial products are offered by Binary Investments (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta, licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority (licence no. IS/70156).

In the Isle of Man and the UK, Synthetic Indices are offered by Binary (IOM) Ltd., First Floor, Millennium House, Victoria Road, Douglas, IM2 4RW, Isle of Man, British Isles; licensed and regulated respectively by (1) the Gambling Supervision Commission in the Isle of Man (current licence issued on 31 August 2020) and by (2) the Gambling Commission in the UK (licence reference no: 39172).

In the rest of the EU, Synthetic Indices are offered by Binary (Europe) Ltd., W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta; licensed and regulated by (1) the Malta Gaming Authority in Malta (licence no. MGA/B2C/102/2000 issued on 01 August 2020), for UK clients by (2) the UK Gambling Commission (licence reference no: 39495), and for Irish clients by (3) the Revenue Commissioners in Ireland (Remote Bookmaker’s Licence no. 1010285 issued on 1 July 2020). View complete Regulatory Information. is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and CFDs. Trading binary options and CFDs on Synthetic Indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about Responsible Trading. Some products are not available in all countries. This website’s services are not made available in certain countries such as the USA, Canada, Hong Kong, or to persons under age 18.

Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How to Get Started with Binary Options

When you are ready to start trading binary options, Nadex is ready for you. From learning about binary options to opening an account and making your first trade, we strive to keep the process simple and straightforward.

As simple and straightforward as we make it though, as a self-directed trader, in order to provide yourself the best possible chance at success, there are responsibilities that you have as well.

Have you done your research? Markets are constantly moving and shifting. It’s doubtful anyone has ever known everything about every market; however, you need to do your research to understand the basic principles of market movement and what drives any given market.

You need to understand that trading involves risk. Do you understand what your risk tolerance is? What percentage of your account should you risk on any given trade? What is your exit strategy for every trade? These are key concepts to understand in order to get off on the right foot when trading. One additional note on risk, whatever you decide to risk, should be risk capital. Some may even call this “disposable cash”. While you don’t want to dispose of your cash when trading, losses do occur. If you are trying to trade with money earmarked for your car payment or groceries, that is the surest way to lose money.

Make sure you know binary options trading is for you.

Think about the reasons you started trading. Maybe you thought it sounded fun, or exciting, or the rush of following volatile markets just grabbed you.

Chances are, those things are still what you live for when you trade.

Binary options allow you to simplify your trading to those elements while providing exposure to a way of trading that captures market volatility and offers multiple trading opportunities. With all of our unique contracts, you have total control over the risk you take on when you trade.

Trading today moves fast.

These aren’t the markets from years ago when orders were called in and you waited to check prices in the newspaper the next day.

You want opportunities to come fast and for results to come faster.

You want a robust marketplace that is filled with trading opportunities covering all the dynamic markets you love. Nadex binary options offer unique opportunities to take positions with exposure to volatility in both trending and relatively flat markets.

Nadex was built for traders that feel like they do better when they have more trading opportunities to select from. It’s why we want you to have so many choices when you trade.

Binary options are for traders that want the flexibility to convert an idea to a trading position quickly without trying to understand complicated products with confusing risk/reward ratios.

To learn more about how that works, check out the binary options course in our learning center.

We built our binary options to be straightforward and easy to follow for all types of active traders. New traders may enjoy the small contract size which provides access to the markets and the flexibility to trade at a level comfortable to them. Experienced traders may look to binary options to execute dynamic strategies and seize opportunity in all market conditions.

Things to consider when choosing a binary options provider.

The decisions you make about who to trade with are just as important as when you decide the price and direction of each trade. Here is a list of some considerations to make when choosing your binary options provider:

  1. How is the provider regulated and in what jurisdiction? Nadex, for example is regulated in the US by the CFTC
  2. How is your money being held and how easy is it to fund and withdraw?
  3. What is the cost of trading? This includes exchange fees for placing trades, account fees, deposits, data fees, etc.
  4. What markets are available to trade? Do they list a wide range of global markets?
  5. What types of platforms do they offer? Do you need to be stuck in front of a computer or do they allow the flexibility of trading from mobile apps?
  6. What hours are available to trade? Is trading open at a time that is convenient for you and offer flexibility to accommodate your schedule?

Practice binary options trading with a free demo account.

Open a binary options demo account and start practicing binary options trading with us in minutes. It’s quick, free and everything is accessible online.
After you register, we’ll give you unlimited access to practice binary options trading and explore our platform.

That way you can dig into every aspect of trading with us and learn more about the powerful environment we built for short term binary options traders.

Here’s how opening a demo account works:

  • Take a minute and register with your basic information.
  • Your demo account will be up right away. This lets you practice trading binary options in any of our markets in minutes.
  • Enjoy the same flexibility to trade from any device.

We want you to learn more about binary options trading and how everything works at Nadex, so we make it as easy as possible to open a demo account to trade binary options and access our resources.

Open a binary options trading account.

One of the best parts of trading binary options is how simple it is, and we want opening an account to feel the same way.
You can open an account quickly and get started right away trading binary options.

Let’s walk through the process to open an account to trade binary options with us:

  • Take a minute to complete the basic application and upload a few documents.
  • Fund your trading account with a minimum opening balance of $250 using a wire transfer or debit card.
  • Check out the platform and your ability to trade on stock indices, commodities, forex, and more from one secure place.
  • Enjoy your new flexibility to trade binary options across many global markets from any device with the same account.

We will take you through a quick and easy account set up process and then you will be ready to go on our trusted trading platform.

Pick a market and make your first trade.

After you register for an account, you will be ready to trade.

You will discover we offer a robust marketplace where you have many choices of markets, strike prices, and timeframes for trading. We work to do it in a way that makes it simple and easy to get started trading binary options.

When you are ready to make a trade, you’ll want to select a market. Take a look at the different timeframes and strikes, and find one that matches your opinion of what you expect to see happen.

When you choose a market, use our simplified order ticket to place your trade. All the information you need for your trade is there, including a clear look at your maximum risk and reward.

How you manage the market action and your trade is up to you.

Let’s summarize those four steps to placing your first trade:

  1. Choose your market and expiration
  2. Choose your strike
  3. Place your order
  4. Manage your trade until expiration or exit early

How to Trade Binary Options as a Beginner?

Binary trading requires basic knowledge, patience and common sense. In this article we guide South African traders through all the steps necessary to place a successful trade in binary options.

As always, we recommend trading only with regulated and trusted brokers such as IQ Option for added benefits such as a free demo account, $10 minimum deposit and only $1 minimum investment. For more brokers, see our broker page. Let’s get started.

What Are Binary Options?

Binary options are nothing else but a prediction of an asset’s price direction in a prespecified amount of time. The price doesn’t have to go too high or too low for traders to make a profit. All they need to do is predict whether the closing price will go higher or lower than the opening price as shown in the figure above.

If the price stays the same, then traders receive their investment back. If the trader predicts correctly, then the profit made can go up to 91% depending on the broker and the asset. On the other hand, if the prediction is wrong, then the trader loses the investment.

Example of a Binary Options Trade

Step 1: Register with a trusted binary broker

Registering with most binary brokers takes only few seconds. All you need to do is fill in the boxes with your email and a password. You also have the option to continue with your Facebook or Google account or simply fill in your personal details like name and surname.

Step 2: Practice with the free binary options demo account

Practice binary trading with a free demo account available to South Africans, before switching to a live account in order to get familiar with the binary trading platform. In this section there is a detailed explanation on how to place a successful trade with the legendary IQ Option platform. Once you feel ready you can switch to live binary trading which is done exactly in the same way as explained here.

Select Asset

To start with, traders need to select their asset from the drop-down menu as shown here. A large selection is available as always by IQ Option.

Set the investment amount

Then, set the investment amount as shown below by clicking on the amount box at the right-hand side of the trading platform. This can be as low as $1 so that novices can start trading with a low investment capital.

Set the expiry time for the binary option

Once the investment amount is set, traders need to select the expiration time. There are binary options available from 60 seconds to the end of the month as shown below. You can even see that the profit percentage changes according to the expiration time. Longer expiration times will offer lower returns.

Once you choose the option’s expiration time then, you can place as many binary trades as you wish.

Choose the direction you expect for the price in the future (Higher or Lower)

This can be done by choosing the price direction, either by clicking on the higher button if you believe that the price will go higher than the opening price.

On the other hand, traders can click on the lower button if they believe that the closing price will be lower than the opening one as shown here.

Wait for the binary option to expire

Finally, you wait until the expiration time comes and if you have won then, the amount will be shown in a green box as shown in the picture below.

Step 3: Make a deposit and switch to live trading

Making a deposit even in South Africa is pretty simple and requires only few minutes of your precious time. Simply click on the green deposit button at the right top corner as shown above and follow the instructions. You are now ready to start trading.

Risk Warning: As always, we inform our readers that trading involves risk. Always invest funds that you afford to lose.

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo

    2 place in the ranking!

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