Are you a Singapore native interested in trading binary options?
Want to profit from this financial derivative but are unsure about its legal status?
Need a review of the most reliable binary brokers in your country?
Binary trading is a highly speculative and risky financial tool that demands expertise and knowledge on how to protect volatile investments. Only certain brokers inform and educate traders about the risks involved and the best strategies to manage the dangers while creating profit. To succeed in this market, you need to select a binary firm that will guide you towards consistent profits.
Binary Trading Basics
Relatively new worldwide, binary trading began appearing online in early 2009, and has become increasingly popular in Singapore since 2012. This dynamic, fast-paced over-the-counter derivative definitely suits the profile on Singapore online traders, which are unafraid to take risks and aim at high payouts.
Nonetheless, the possibility of a total loss of the investment funds is possible, and therefore when trading options, it is highly recommended to use caution, and most importantly, partner with a reliable broker. Unfortunately, this market has been marred with scam accusations and fraud rumors, as many renowned brokers, such as Cedar Finance and 24Option, have used questionable marketing techniques. For that reason, you should choose carefully from among the few binary companies which offer both an outstanding reputation and an understanding of the Singaporean mentality.
Best Binary Brokers in Singapore
Known as the most open and business-oriented worldwide, Singapore’s economy is the perfect setting for online trading. Not surprisingly, the binary options market has grown consistently in the country, and the prognosis is of a continuous increase in deposits throughout 2014.
Yet for you to profit and join the success binary trading has had so far, you must avoid the get-rich-quick mentality that some brokers market, and prepare yourself appropriately using the various excellent tools serious brokers offer.
UBinary is the fastest growing binary broker in Singapore, and for many good reasons. Not only do you benefit from the highest payouts in the market at 91% per trade, but you also receive financial guidance from the top team of investment advisers that binary trading has to offer. Besides the personal advice, a free ecourse is offered, as well as a cash bonus that will be deposited into your account. When you sign up, ask about their welcome benefits. With excellent and professional assistance, this experienced broker is an safe choice for you:
OptionBit is the only binary company that will give you free access to Algobit, an amazing and modern signals-trading tool that informs you in real time about the best market opportunities and suggests trades at a high level of accuracy. With this amazing free tool, you start profiting immediately while learning trading strategies from the dedicated account managers at OptionBit. The second largest broker worldwide and a market leader in Singapore, this is a perfect selection for new traders who want to start earning now:
Banc de Binary is another excellent suggestion, especially if you are interested in a more personal and individualized learning approach. Banc de Binary’s one-on-one training sessions have become a big hit among traders, who report a sharp increase in profitability as a result. Also offering a generous cash bonus and very high payouts, with this binary broker you will begin learning efficient trading techniques as soon as you sign up:
Is binary trading legal in Singapore?
Singapore has one of the highest per-capita growth-domestic-products ratios, and is widely considered an attractive destination for investors from all over the world. With an economy that stimulates capital growth, binary trading is likewise treated as an additional tool for online investments.
While there are no restrictions on binary trading in Singapore, there is no regulatory process either. Therefore it is best to choose brokers with EU regulation or similar guarantees. Since income taxes in Singapore are low, the huge payouts offered in the binary market are not an issue either.
Singapore’s binary market
Binary options trading volume in Singapore has increased in more than 25% during the last 12 month. This growth already situates the country as one of the top 20 binary markets, and establishes it as a very sought-after destination by brokers from all over the world.
One of the reasons for the strong interest binary companies have in Singapore is the very high rate of self-deposit accounts, which minimize costs for the brokers, and indicates the self-assurance of Singapore trades, a great percentage of which are experienced online investors.
For those of you who are ready to profit now from the high returns of this financial tool, it is recommended to begin trading with a $500 account. This is a good average value that will permit you to experiment with different strategies before settling on the one best suited for your investment profile.
Binary Options Singapore – Summary
- Binary Options is a growing trendy investment among Singapore online traders
- The fast-paced, high-yielding derivative perfectly suits the mentality of Singaporean customers
- To avoid scammers, clients should prefer investing with reliable and reputable brokers
- Binary trading is a legitimate investment in this country, although the Monetary Authority of Singapore (MAS) has yet to regulate it
- When trading with binary options, use caution and risk management techniques for a more profitable and positive result