Binary Options Singapore – Brokers Review
Binary Options Singapore – Binary Options trading attracts more traders only because of its higher profitability. Does Binary Options trading pay up to 95%* profit on each successful trade? Is that true?
It really pays up to 95%* profit for each winning trade. However, you lose the invested amount if the trade is unsuccessful. All you have to do is to correctly predict the price direction after a fixed time. The people who do it successfully, make up to 95% profit on each trade. Try Binary Options in Singapore in a Risk-Free Demo Account.
Binary Options and Brokers Review 2021
Binary options in Singapore has become so common among traders that more and more Singapore traders are switching to binary options trading. Many traders are looking for reliable binary options brokers in Singapore. This is because of the growing popularity, ease of trading and simplicity associated with Binary Options. Binary options trading is simple to understand, but trading it successfully is really difficult if you don’t follow the right strategy and discipline. Here are a few recommendations for the Singapore traders to assist them to trade the right way.
To start with, here are few popular and safe Binary Options Brokers in Singapore. Most of the brokers offering Binary Options or Digital Options trading, (also called Fixed Time Trading) don’t come under any leading Government Regulating Agencies like CySec Europe, FCA (UK), CONSOB(Italy), REGAFI.
However, the brokers offering Binary Options, Digital Options, or Fixed Time Trades comply with IFSC or FMRRC. Although you may find brokers regulated in CySEC, FCA or MiFId, their operation outside EU or UK is not covered under the regulation. Hence, you must select from the most trusted brokers using your own judgement and understanding while avoiding new and less known brokers completely.
( * Amount to be credited to account for a successful trade )
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK.
Best Binary Options Brokers – Singapore 2021
- Accounts start with $10 deposit
- Payout up to 95%*
- Most trusted broker in Singapore
- Quick deposit and withdrawal
- Free Demo with $10,000
- Minimum deposit $10
- Free trading signals
- PC, iOS and Android Apps
- Fund withdrawal to card or wallet
- Free Demo Account with $10,000
- Minimum deposit $5
- Bonus deposit available
- Free education on strategies
- Free Demo Account with $1,000
- 1 hour fund withdrawal for VIP Account
- Minimum deposit $10
- Advanced trading platform
- Quick fund withdrawal processing
- Weekend trading available
- Free Demo Account with $10,000
The list of leading Binary Options Brokers in Singapore
If you are looking for the best online trading platform which you can trust, here are a few Online trading Platforms in Singapore trusted by Singaporean traders. IQ Option, Expert Option, Olymp Trade, and Binomo are among the most trusted online trading platforms with the best trading conditions and high payout.
- IQ Option is one of the regulated and trusted binary options brokers having thousands of traders in Singapore. It has set new standards in the industry with its award-winning advanced yet easy to use trading platform. IQ Option platform has integrated analytic tools such as Bollinger Bands, RSI, MACD, CCI, etc. along with multiple time frame charts so that the trader can refer them while trading. It provides binary options traders absolutely free demo trading account. The demo trading account comes with full features and allows you to trade in real market conditions without risking your money. After having enough practice and knowledge you may open a real account to trade with real money. Its broker supports a wide range of payment and withdrawal methods along with 1-day withdrawal processing. IQ Option has local support available in Singapore.
- Binomo is another popular Binary Options broker having thousands of traders from Singapore. You get a Free Demo Account, Friendly Customer Support, and Safe and transparent trading conditions with Binomo. You can check out the detailed review of Binomo Singapore.
What is Binary Options Trading?
Most of the new traders have lots of questions about Binary options trading in Singapore. Unless they know the answers to all of them, it will be challenging for them to go for it as professional traders do. This may be risky, as Binary options trading needs proper understanding and knowledge. Keep reading, to know more about Binary Options trading in Singapore.
Binary Options trading in Singapore is not different in any way as compared to other parts of the world. The trading process remains absolutely the same, although there is a difference in government rules and tax obligations.
If you want to trade Binary Options, you must have an online trading account with a trusted broker. Then you have to deposit money into that account to start trading. Open a Live trading account or a demo trading account is the first step towards Binary Options trading.
Binary options trading – How to start?
Although Binary Options trading, Digital Options trading, or Fixed Time Trading looks easy to learn, it needs proper learning and practice. You must learn and practice well to consistently be successful. Open a free demo account with any of the brokers listed on this page and try your trading strategy without risking your money. After you feel confident you may open a real account and start trading with real money.
1. Get training
It’s very important for a novice to become properly trained when it comes to Binary Options trading. Although nothing will really get you completely prepared for challenges that come while trading, you will surely be able to handle them quite confidently. No need to feel confused, most of the brokers have their free Webinars, training materials, and seminars.
2. Get Binary Options brokers in Singapore
If you really wish to trade Binary Options, then you must have a broker. Binary Options trading in Singapore is not a difficult thing once you have a trusted broker to rely on.
How can you get the ideal Binary Options Broker? There are a lot of ways. First of all, if you’re looking for a trusted broker, and then make sure they are a regulated brokerage firm and have an office in Singapore. The concept of Binary options is fairly new in Singapore, hence it is important to ensure you should never be duped by non regulated brokers.
3. Using Demo Account for Practice
If you’re trading with a regulated broker, then most definitely they give you a demo account also. A demo account enables you to trade in actual-time without the risk of losing your real money. Hence practice a lot in a demo account before going for real trading. We advise to double up a demo trading account balance before you go for live trading.
4. Start buying CALL or PUT
When you’re prepared to trade after enough practice in the Demo account, you are now ready to trade in your own real account. Being a novice, it’s advisable you start with small amounts. As you become aware of the process, you could invest more and get more returns. Don’t forget to consider your limits and control your emotions while trading. Keep earning steadily risking a small percent of your investment in any single trade.
5. Be prepared for the ups and downs.
Binary options in Singapore, like in any other region is certainly risky. Nevertheless, if you’re ready, practically nothing will truly shake you. Make use of the tools such as charts and indicators along with the market trend to make a profit.
“Binary options trading in Singapore” can be enjoyable and exciting if you get self-equipped with knowledge and skill. So you must acquire enough experience to use different indicators and analysis tools available. Once you get comfortable with these things, you can be a potentially profitable trader. In order to get started quickly into binary options trading Singapore, the fastest way is opening a free demo trading account with IQ Option.
Can I make money by trading Binary Options in Singapore?
Well, to be accurate, not everybody trading Binary Options in Singapore is making money. In fact, many traders are losing money too. Just trading Binary Options cannot bring you profit. You have to trade wisely, and your price predictions have to be correct to make a profit in a trade. Since making a profit or predicting price direction correctly every time is impossible, you need to have a money management plan to recover your losses. So there are several aspects to be mastered to become a successful trader and make a profit consistently by trading.
Several effective Binary Options trading strategies can enhance your earnings if you practice them correctly. Visit our IQ Option and Olymp Trade Strategy page and practice the strategy in a demo account.
Although Binary Options trading is based on Forex pairs, Stocks, and Indices, their trading strategies are completely different. Hence some traders stick to Forex trading in Singapore as it does not have strict limitations on trade expiry. Some traders don’t want to get into the complexities of trading, hence they go for the Managed Forex Trading Account in Singapore.
Is Binary Options trading legal in Singapore?
The traders who consider Binary Options Singapore as an investment idea often ask whether Binary option legal in Singapore. Binary options trading is absolutely legal when you trade with a regulated broker. You must fulfill your tax obligations while trading in Singapore. The renowned brokers like IQ Option, Olymp Trade and Expert Option always mention the list of countries from where they accept clients. Hence check it yourself before you sign up and start trading if the online platform accepts traders from Singapore.
NOTE: This article/material is not investment advice.