Binary Broker MIN. DEPOSIT RETURN MIN. INVEST RATING Trade Robot Review
Open a Free Account with the Binary Options Robot

Binary Options Robot

$250 89% $5 4.8 TRADING N/A Review
Begin with 24Option

24Option

$250 88% $24 4.9 TRADING N/A Review

General Risk Warning: The financial services provided by these websites carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Brokers Available in Singapore


If you’re looking for a binary options broker that you can use in Singapore, you have a lot of choices available to you. In a way, this is a blessing because you have so many strong choices to select from. But it’s also a curse in that you have so many weak choices to select from! This brief guide is not meant to tell you which broker is the absolute best one out there, but it will give you the basic information that you need to learn how to make an informed choice. We also recommend a few of our favorite brokers for you because these are the ones that we have used and trust.

Our Best Selection of Binary Brokers


Binary Broker MIN. DEPOSIT RETURN MIN. INVEST RATING Trade Robot Review
Open a Free Account with the Binary Options Robot

Binary Options Robot

$250 89% $5 4.8 TRADING N/A Review
Begin with 24Option

24Option

$250 88% $24 4.9 TRADING N/A Review

General Risk Warning: The financial services provided by these websites carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Brokers We Recommend


Like we said, there are a few brokers that we know and trust. The list of good brokers isn’t limited to just these, but we haven’t been able to go out and try every single one out there. Internationally, these brokers have strong reputations, are trustworthy, and allow traders from Singapore to use their services. They include 24Option, IQOption, and Binary Options Robot.

  • IQOption: IQOption is another top rated broker. IQOption is also regulated by CySEC, and they also have a sterling reputation when it comes to doing what their customers expect. They are not quite as big as 24Option when it comes to the sheer number of clients that use their platform, but they are growing at a faster rate than 24Option. This means that there’s a lot of room for growth here, including in the services that the site offers. Again, this is one of the first brokers you should examine when beginning binary options trading out of Singapore.

  • 24Option: 24Option is one of the world’s most heavily used binary options brokers, and there’s a good reason for this! 24Option is licensed by CySEC, which means that they are one of the most reputable brokers there is. They have a number of different underlying assets to choose from, and they have a number of different trade types. Their reputation as the world’s most popular binary options broker is not undeserved, and if you’re looking for a broker to do business with, this should be one of the first brokers you look at.

  • Binary Options Robot: Okay, Binary Options Robot is not technically a broker. However, they act as a go-between for you and your broker, and in this sense, they share many similarities. You use them to make your deposit, determine what you’ll trade, how much you will risk, and all of the other things that you do through a broker. The only difference is that when you use Binary Options Robot, you don’t need to make any actual trades—they do all of that for you. The one other thing to keep in mind when using Binary Options Robot is that you will still need to select a broker. Once you create an account and make a deposit with them, you’ll need to select a broker that you want to go through.

Things to Look Out For


  • Scams: Scams are not common, but they do exist. A scam can come in any number of forms, but in the end, they exist to take your money from you. Whatever service or broker you might be thinking of making a deposit with, do your research first. Make sure that they do what they say they will do, that other people recommend their services, and that they are not going to take your money and disappear. You work hard to get your money, and you work hard to grow it. Don’t let a scammer have it for any reason.
  • Local Regulations: Different countries have different rules when it comes to binary options trading. This is true of Singapore. It is your responsibility to know what your local laws are concerning financial trading. If you have questions, get in touch with a representative from the Singapore Exchange specializing in derivatives (http://www.sgx.com/wps/portal/sgxweb/home/contact_us/). They will be able to answer your legal questions.
  • Blacklisted Brokers: A blacklisted broker is likely still open for business, but they are not someone that you’ll want to do business with. Blacklisted brokers have displayed signs of untrustworthiness in the past and you should stay as far from them as you can. They might stall when it comes to withdrawal requests or not process withdrawals at all. They might offer bad rates on their options. Or they might do something else that is disreputable. If you find a broker that should be blacklisted, let us know so we can warn others!

How to Succeed?


  • Risk Management: Risk management is probably one of the most underrated components of trading. You can have a firm grasp on how to make trades, but if you’re taking on too much risk, just a few bad trades have the potential to lose you money. Know what risk is, how to address it, and then how to minimize the havoc it can play on your trading.
  • Technical Indicators: Interpreting technical indicators can be overwhelming when you first get started with them, but any short term trader will tell you they are a must for success. Things like MACD, Bollinger Bands, RSI, and more will help you to get a better feel for what prices will do in the near future. You will also need to start learning how to identify basic signals. This is what trading robots do when they make decisions for you. The good news? Many binary options brokers have some technical indicators built into the charts and graphs that they let their traders use when making decisions on their sites. You can also try these on a demo account before you actually trade with real money.

  • Know the News: You need to know what’s going on in the world if you want to be a profitable trader. News happens in Singapore, it happens in the U.S., and the rest of the world. And it all has the ability to impact the price of the underlying assets you trade. Great traders stay on top of the news, and they know how it will impact their trades.

Wrap Up


Of course, this is only a small sampling of what a successful binary options trader in Singapore needs to take into consideration. However, it is a good start. Our guide here will help you get all of the information and advice that you need to be a successful trader.

Let us leave you with one final thought. The best traders in the world are always learning. It doesn’t matter if they are a small scale binary options trader, or a trader for one of the world’s largest firms. Great traders keep up with new ideas and they are always expanding their knowledge. Our hope is to help you do the same.