Which Online Trading Platform Is Best In Singapore? Here's The Answer

Spread the love

In this article, we will answer the question; which online trading platform is best in Singapore.

I am not surprised by such a question.

Why?

Because of the number of online trading platforms available today.

But after reading this guide, you will be able to narrow down the number of brokers to only a handful.

And then from there, you can pick the best and those that suit your needs as a trader in Singapore.

But before we get started, let me help you answer another burning question;

Table of Contents

What to look for on a trading platform in Singapore

As a trader, what should you be looking for on a trading platform?

There are obvious things like the ability to make you money, which works most of the time.

Unfortunately, almost all online trading platforms promise you to return on investment.

But let’s face it, only a handful of them actually does that.

Who are these selected few who stand despite the odds?

That is what we are going to find out now.

First, you need a platform that is user-friendly.

By this I mean a platform that is easy to use and comes with a shorter sign-up process.

The last thing you want is to waste your precious time learning the complicated system instead of making money online trading in Singapore.

Instead, get a site that is easy to learn and use the extra time to learn trading strategies.

Secondly, you need an online trading platform that is secure and regulated.

Is it operating within the law?

Is your money safe with them?

It hurts to lose money due to fraudulent brokers, trust me, I know how that feels.

As such, focus on identifying legal brokers in Singapore.

Thirdly, you are trading online to make a profit, right?

Well, after you have turned some profit, the next thing is to make a withdrawal.

This is why you need an online trading platform in Singapore that supports your preferred money transfer methods.

For example;

It should at least support popular money transfer methods within Singapore.

This way, you can have your earnings within a reasonable time with fewer headaches.

There are more things to consider, but for now, these are the ones you should consider the most.

Which online trading platform is best in Singapore?

Now, we are going to look at some of the best online trading sites in Singapore.

I will take a step further and show you how to open an account with each and place your first trade for free.

Ready?

Let’s get started, shall we?

Olymp Trade in Singapore

Who is Olymp Trade in Singapore?

Olymp Trade is an online trading platform that offers you a unique chance to turn as little as $10 (that’s about 13.32 Singapore dollars) to profit.

And from that, you can place trades with a minimum of $1.

With this broker, you can trade on things like;

Currencies
Commodities, as well as for
Cryptocurrencies among other instruments.

As of the time of writing this article, Olymp Trade has over 25 million user accounts.

Also, the broker is paying out over $8 million per month, and you can be among them.

Is Olymp Trade legal in Singapore?

Is online trading legal in Singapore?

Yes, It is legal to trade Fixed Time Trades (FTT) and Forex with Olymp Trade in Singapore.

Besides, Olymp Trade complies with IFSC regulations, thus, is a legitimate Digital Options and CFD trading platform provider since 2014.

Additionally, Olymp Trade accepts traders from Singapore.

So, the answer to the question; is Olymp Trade legal in Singapore, is yes, it is legal in Singapore.

Moreover, the quality of the platform’s trade execution is certified by the Verify My Trade independent examination.

Why Olymp Trade Singapore?

Besides what you already know, here are some other reasons to use Olymp Trade in Singapore.

You can start trading with a minimum deposit of $10.
All client’s funds are insured through the International Financial Commission (of up to $20K per claim). Your money is safe
The best customer support. Olymp Trade support team is active on social media.
You also get a free demo account. Here is how to get started

How to use Olymp Trade in Singapore

To trading on Olymp Trade Singapore, you need to create an account.

Use the form below??

Go register here.

which online trading platform is best in Singapore

Go ahead and click on Start Trading (it is free).

Alternatively, you can use the Registration button (top right corner).

Provide your email and password. Make sure the email is valid because you will need to verify it.

Alternatively, you can use either Apple, Facebook, or your Google account.

Remember to pick your currency and verify you are over 18.

Is Olymp trade legal in Singapore?

Yes, it is legal to trade on Olymp Trade Singapore. You can trade Fixed Time Trades or Forex anytime.

Next answer to which online trading platform is best in Singapore;

IQ Option in Singapore

IQ Option is another one of the best online trading platforms in Singapore.

Started in 2014, the same year Olymp Trade came into existence as well, IQ Option has since grown into the giant it is today.

Here are the markets you can trade in Singapore;

Options
Forex
Stocks
Crypto
Commodities
ETFs

Today, the broker boasts over 47 million users with over 1.3 million trades per day. Still, in numbers, over $20 million is withdrawn every month on IQ Option.

What does this tell you?

People are making money on the platform, and so should you. If you are worried about legal issues, here is the answer.

Is IQ Option Legal in Singapore?

Trading with IQ Option is not illegal in Singapore, so you are welcome to open a trading account on the platform, deposit, trade, and withdraw your profits any time you want.