Top Singapore Brokers 2020
We’ve tested and reviewed the best Singapore binary options platforms. We’ve done the reviews based on the following criteria:
Good Returns & easy-to-use withdrawals. We ONLY list and approve the best binary brokers with guaranteed fast payouts or withdrawals.
Bonus Conditions.
Secure of funds
24/7 Customer support for Singapore traders.
Binary Options Brokers
Broker | Max.Bonus | Min.Deposit | Rating | Good Points | Max.Payout | USA | Regulation |
---|---|---|---|---|---|---|---|
Bonus Deposit | $10 | 5.0 | 100% Deposit Bonus $10 Min.Deposit Free Demo Acc. Max 95% Payout |
95% | Not | International Financial Commission | VISIT BINOMO Binomo Review |
Free $1000 Demo Account | $10 | 5.0 | Top Regulated Broker $10 Min.Deposit Free Demo Acc. #1 Trading app |
90% | Not | CySEC ( EU ) | VISIT IQ OPTION IQ Option Review |
Online Trading Platforms
Broker | Max.Bonus | Min.Deposit | Rating | Good Points | Max.Payout | USA | Regulation |
---|---|---|---|---|---|---|---|
Free $10,000 Demo Account | $10 | 4.8 | Best Platform $10 Min.Deposit Free Demo Acc. Quick Withdrawals |
90% | Not | International Financial Commission | VISIT OLYMP TRADE Olymp Trade Review |
About Binary options for Singapore
Nowadays, Singapore binary options trading has gained momentum than the physical stock trade. All binary options platforms ranked above are providing all the facilities for those who wish to do binary trading in the safest way.
Find trusted brokers to trade binary options for Singapore is not difficult. Some kind of guidance from professionals can make one an expert in this kind of trading. Mostly regulated brokers can provide their assistance in this regard.
All platforms can help in easing the trading procedure. They maintain a track of trading history of their clients and assist them in trading. While selecting a decent broker it is necessary to know the background of the broker whether they are registered with the regulatory authority or not.
The Monetary Authority of Singapore (MAS) is the regulator for all the investment firms that are operating in Singapore. As the binary option is a new industry in Singapore, there are not many brokers registered with MAS.
Mostly regulated brokers have obtained license from CySEC ( Europe ) which is Cyprus based, making efforts to get regulatory approval from European countries. It is better to get a local Singaporean contact number while dealing with European brokers.
There are many binary options brokers offering dedicated support to Singaporean Traders. Some of them to get acquainted are:
- IQ Option: They are surely the most popular binary options trading app in Singapore. They are an European regulated broker offering a free demo account with a low minimum deposit of $10.
Availing the services of a registered broker may ease trading and make profits too.
Binary Options Singapore
Singapore is a small island city state which lies off the coast of the southern tip of the West Malaysia peninsular. Home to a population of 5 million people, Singapore is an economic power house within South East Asia (S.E.A). The flexible and preferential tax policy of the country has produced a conducive investment environment making the country a top destination for foreign direct investment making Singapore Asia’s top financial center. Nevertheless, the financial markets were largely off limits to the average resident in Singapore due to the large capital investment required. However with the debut of binary options in 2008 in the online retail trading sector, many Singaporeans have taken a keen interest in binary options trading. The vast improvement in internet technology and high ownership of smartphones has enabled the average Singaporean to access the financial markets straight from the palm of their hands. In addition, binary options are easy and very affordable to trade with. Their high returns have also made them a very attractive investment vehicle. Nevertheless because binary options in Singapore is a relatively new market innovation, there are concerns about the legitimacy of binary options trading in Singapore.
Best Brokers in Singapore
Given the strict regulatory oversight provided by MAS, the best brokers for Singaporeans are those who are registered and authorized by MAS. But given the lack of firms that are based locally, the next best option for Singaporean traders is to go for offshore brokers which are regulated. Although these companies are not regulated by MAS, it is unlikely that they will act fraudulently as the licensing authority in the broker’s home country will most likely be revoked should the license of the brokerage firm be involved in criminal activities overseas. To assist our readers in making their choice, we have compiled a list of brokers that are suited to the needs of the Singapore binary options traders.
Broker | Early Expire | Average Return | Min Deposit | Min Trade | Rating | More |
---|---|---|---|---|---|---|
✔ | 90% | $ 10 | $ 1 | ★★★★★ | ||
✔ | 95% | $ 10 | $ 1 | ★★★★★ | ||
× | 95% | $ 250 | $ 1 | ★★★★★ | ||
× | 85% | $ 10 | $ 1 | ★★★ |