What Are The Best Options Trading Platforms in Singapore?
Option trading becomes popular nowadays and is seen by most as a potential form of investment that involves a high-risk return. Traders in Singapore are one of the investors of these trading platforms because more respected and best brokers have boosted their services and offerings as they comprise options trading of single stocks, indices, bonds, forex, and commodities. This article will answer your question on WHAT ARE THE BEST OPTIONS TRADING PLATFORMS IN SINGAPORE.
These are the 4 best and most popular options for trading online platforms in Singapore: Saxo, IG, IQ Option, and AvaTrade.
1. SAXO
Saxo Markets or Saxo Capital Markets Pte Ltd. is a firm with and well-known reputation as a multi-asset broker that is trustworthy and leads the trading market in terms of choices markets on trading offers. Their maturity dates are flexible and their asset groups are all covered. The commissions and fees as well as the margin allow for options trading that is cost-effective whether you desire to scale up on higher risk or to utilize the instrument to hedge. Saxo Markets is an institutional and retail investor, they use the right and legit trading platform. Saxo is an authorized company and is regulated by MAS and is a subsidiary that is wholly owned by Saxo Bank A/H, located in Denmark. Their office is located at 3 Church St., Samsung Hub Singapore.
BEST FEATURES AND SERVICES THEY OFFER
* 25-year already as their track record and platform supports 1 million daily transactions and $80bn AUM.
* Incredible and wider market coverage wherein 1,200 option markets are all over 23 exchanges globally.
* Being regulated by MAS
* Asset groups are all covered including metals, equities, energy, indices, and interest rates.
* It only takes less than 5 minutes for you to arrange an account.
* Offers ultra-competitive pricing wherein your stock options commissions which you can earn are as low as 1.25.
* Multi-leg strategies are all supported.
* Dissipates as tight as 3 pips on your forex options.
* The strong fee structure expands to initial and expenditure margin terms
* Best for active options and risk-takers traders wherein the more you trade, the lower the charges you will pay.
* Trade stock options are available on exchanges in Singapore, Japan, Hong Kong, the US, the UK, EU, Canada, Norway, Switzerland, Australia, and Sweden.
* The customizable dashboard allows you for puts, strikes, calls, and maturities to be laid out to the preference of the client.
* Vanilla forex choices in forty-four markets with maturities that are dated from day 1 to 1 year.
* Great and best platform with user-friendly features.
* 24/7 customer support
2. IG
IG Asia Pte Ltd. offers more than 17,000 options markets all over the world. The high ranking of the firm is funded by a comprehensive and updated range of features that include an underlying range of instruments, available types of options, and maturity date terms. Added neat addition is the turbo warrants and those trading markets appear with a platform that is stand alone to give rise to the most out of their sector. They have been simplified by using an all-in pricing strategy to make it simple and manageable for customers to factor their costs into strategic planning. Other IG services are trademark extras IG offers that include trade-oriented research tools and client support that is award-winning which makes them one of the most well-known options trading platforms located in Singapore. IG has capital markets with the best services license that was issued by the MAS for them to deal in capital market products legally in the counter derivatives contracts.
BEST FEATURES AND SERVICES THEY OFFER
* Advisory services that can be bolted on best on your choice of a particular platform.
* Being regulated by MAS
* There are no overnight funding charges
* Maturity dates can be done daily, weekly, quarterly, and monthly.
* Powerful analysis tools and customizable charts.
* Trade out of positions uses zero-spread features on the expiry date.
* Award-winning customer service by available agents 24/5
* Research and educational materials on various options strategies.
* They offer a dedicated platform for trading Turbo warrants
* You can use trade options using a mobile app or desktop or platform
* There are no incentives on Turbo trading since all prices are all-in.
* Turbo markets encompass forex, indices, more precious metals, and oil
* Risk management features include Guaranteed Maximum Risk
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3. IQ OPTION
IQ Option is a specialist provider of the trading options market and the best broker platform for newbies and those investors who are peeking to keep their options trading market as a straightforward investment. They have been operating in the market since 2013. They offer innovative best features like their mobile phone app. IQ option is strategically found on the island of Cyprus and is being regulated by Securities Market Commission in Cyprus and authorized by EEA is registered by FCA in England.
BEST FEATURES AND SERVICE THEY OFFER
* Beginner and user-friendly functionality and there is a $10 minimum for the account opening balance.
* Options markets in indices, forex, ETFs, and commodities.
* The premium account on this trading firm comes with various additional extras like bonuses and they have devoted account managers.
* Binary options markets are accessible in Demo and Live account format.
* Utilize robot trading to automate your investment and interaction with their trading markets.
* Translucent reporting of fees and conditions and terms.
* Trade-in small amounts or sizes are as low as $1 only.
* Their app and services are around-the-clock entry to the forex markets.
* Singapore traders can utilize a credit card or an electronic wallet like Skrill, PayPal, Neteller, or WebMoney, or use cryptocurrency for you to deposit funds.
* Offer the best educational tools which illustrate the hazard profile of various strategies and instruments.
* Customer service is available 24/7.
4. AVATRADE
AvaTrade is a popular and well-regulated broker having a global approach wherein clients have comfort in their long-term business plans like setting up offices worldwide including in Singapore. They have ab in-house built trading platform that has been developed in helping clients to maximize their derivatives trading. Their broker is a top market leader having a strong position in Vanilla market options. This firm is an online CFD/Forex trading broker that was established in 2006 and governed with certification to operate worldwide. Their office address in Singapore is at Hansapoint, Singapore.