This has no additional cost for our readers, but helps us run this website and keep it free. Singaporeans looking for online trading platforms have a variety of options. In this list we go over the top online trading platforms in Singapore for Our analysis is based on a variety of factors like account opening, ease of use, fees and commissions, regulation, market access and more. Let's get into our guide. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Browsing through all the options is time-consuming. To help you with this process, we analyzed the top brokers. We base our guide on a variety of standardized factors. Interactive Brokers IBKR , founded in , is a large discount broker. Regulated by the US SEC and the Financial Conduct Authority FCA , it is a safe trading platform. This company is one of the best platforms in Singapore for day traders.

Interactive Brokers has great technical analysis tools, competitive fees, and great market access. Plus , founded in , is a global CFD and currency broker with great market access.

The company is listed on the LSE London Stock Exchange. Plus specializes in CFDs and is a one of the best in this category. Their platform is great for intermediate to advanced traders.

You should consider whether you can afford to take the high risk of losing your money. AvaTrade is regulated by top tier financial authorities.

It is a safe broker with award winning support and a variety of tradable assets. It is best for currency trading and CFD day trading. Read Full Review. Saxo Capital Markets is an online brokerage firm.

It is backed by a Danish investment bank called Saxo Bank that was founded in Saxo Markets is popular among experienced investors. Their services are exclusive and expensive, compared to other brokerage firms. Backed by GAIN capital, City Index is a safe broker. They offer a great platform, research tools and low fees.

TD Ameritrade is a US-based trading platform that offers great market access. The potential acquisition of this platform by Charles Schwab makes it an interesting choice. Phillip Capital is a stock broker with more than 45 years of positive track record in the financial industry. They operate in 15 different countries. The company has over 1 million customers around the world. Plus is the best Trading App in Singapore. Their App is intuitive and easy to use and offers a great variety of investment options.

Plus app is a great trading app in Singapore for CFDs on Forex, Crypto, Commodities, Indices, ETFs, options. Looking to trade crypto? Check out our review of the best cryptocurrency trading platforms in Singapore. Singapore is a major financial center in the Asian continent. By encouraging foreign investments through business-friendly policies, Singapore has managed to become one of the top economies.

Billions of dollars in fresh capital pours into the country every year. It is serving as a major hub for multinationals looking to establish themselves in the Asian continent. The Singapore Stock Exchange SGX is the primary stock exchange in the country. Some offer asset management services like managed portfolios, wealth management solutions and advisory services. Some banks and stock market brokerages offer cash upfront trading CUT pre-funded accounts.

These have lower fees. CUT accounts require traders to pre-fund their accounts before they can purchase stocks. The amount deposited is the buying power you have on the markets.

This cash upfront account has lower commissions on trades. If you are investing more, these are worth considering. Brokers offer different order types on their platforms. Common orders are: market order, limit order and stop-loss order.

Trading fees vary from one firm to the other. Fees change depending on the securities you buy and sell. AvaTrade is an online trading platform headquartered in the British Virgin Islands and regulated by various tier-1 jurisdictions including Ireland Central Bank of Ireland and Australia Australian Securities and Investments Commission. This online brokerage firm offers a wide variety of financial instruments for residents of Singapore including FX options.

AvaTrade offers options traders a proprietary platform known as AvaOptions that focuses solely on this type of financial instrument, featuring a wide range of useful tools that are specifically designed to assist options traders in their activities.

Additionally, traders can also open a Professional trading account with AvaTrade. Since AvaTrade offers FX Options, the cost of trading each option varies and it is commonly calculated in pips. AvaTrade does not charge deposit or withdrawal fees. Deposits are credited instantly if they are made using credit cards, debit cards, or e-wallets, while bank transfers may take several days to be credited. We also wrote an in-depth review of AvaTrade for more information. Withdrawals are reportedly slower than average, as they make take up to 3 days to be credited for credit cards, debit cards, and e-wallets and several days for bank transfers.

This limit does not apply to bank transfers. The platform also offers the possibility of setting price alerts and notifications sent via push by using the web-based or mobile trading app of AvaOptions. Read Full AvaTrade Review. Visit Website. Plus is an Israeli online trading platform that was primarily conceived to serve retail traders around the world.

The company is headquartered in Israel and is regulated by top-tier jurisdictions including the Monetary Authority of Singapore MAS. Plus offers a broad range of options on CFD contracts covering various asset classes including stocks, indexes, commodities, and currency pairs with the possibility of taking leveraged positions on put and call options to boost returns.

Since Plus options cover CFDs instead of the actual underlying asset, this broker offers a broad range of asset classes from its portfolio of 1, stocks including US stocks , 33 stock indexes including the US market , 92 ETFs, 22 commodities, 70 currency pairs, and 12 cryptocurrencies. Plus does charge Overnight Funding, Currency Conversion Fee, Guaranteed Stop Order, and Inactivity Fees more information here. Plus does not charge a deposit fee regardless of which funding method is used.

Deposits can be made by using a credit or debit card, an e-wallet, or via bank transfer. Deposits and withdrawals made with credit and debit cards or e-wallets are credited instantly while bank transfers take at least two business days to be cleared.

Plus offers a proprietary user-friendly trading platform that has been reviewed positively by traders compared to other online brokers. Both a web-version and a mobile trading app are available for users and they both offer a two-step login feature for an extra layer of security. The online trading platform interface is not customizable, which is a disadvantage, but it was designed primarily thinking on amateur traders, which means that it is very easy to use.

IG is one of the oldest online brokers in the financial sector with more than 30 years in the industry and it is regulated by various tier-1 jurisdictions including the Australian Securities and Investments Commission ASIC.

This broker offers a wide range of securities for clients in Singapore including options on the thousands of instruments covered by their portfolio of CFDs. IG offers options on CFDs that cover more than 17, different markets, including US stocks and US market indexes, along with 93 currency pairs. Additionally, this platform requires a low minimum deposit, offers top-notch research tools, and has a great customer support team.

IG offers options on CFDs covering more than 17, different markets and a wide range of financial instruments including stocks, indexes, futures, commodities, cryptocurrencies, and forex. A minimum deposit of £ is required to open an account with IG if the funding method is a credit card, debit card, or e-wallet, while no minimum amount is required to open an account if the funding method is a bank transfer. Deposits can be made by using a debit or credit card, e-wallets, or bank transfers and the same applies to withdrawals.

Deposits made with credit, debit cards, or e-wallets are credited instantly while bank transfers take longer to clear. IG offers both its proprietary trading platform and MetaTrader 4, which is a third party trading platform.

The proprietary trading platform is very user-friendly and highly customizable and the same goes for the mobile trading app. The VIP account is for you if you are a really professional trader who knows everything about binary options trading. In return you will get access to some premium features. Pocket Option is a reliable broker that operates similarly to Olymp Trade.

It offers a nice trading platform that gives you an overview over al you should see and know. If you decide to use this broker, you will enjoy several payment forms, including bank wire transfer, cryptocurrency, credit card, and e-wallet. Pocket Option offers only one account type for every trader. Built-in , Olymp Trade is one of the best binary options brokers in Singapore.

Its excellent reputation can be attributed to being an IFC regulated broker. Get a hands-on opportunity to trade CFDs contract for differences for industry giants without actually purchasing them. Experiment with multiple trading pairs and trade CFDs with popular cryptocurrencies to make huge profits. Diversify your portfolio by trading with CFDs on exchange-traded funds and gather multiple assets. The VIP account is for pro-level traders. With a personal account manager, thorough market analysis, and access to unlimited trading opportunities, you will be able to take your trade to the next level.

Wait, there is more to it! While several conditions have been laid out for licensing binary options brokers in Singapore, companies partially or completely avoid following them. The reasons for the same include:. Make the most of your trade with Olymp Trade fundamental and technical analysis with its economic calendars and news feed.

In addition, you can get access to the most widely used widgets and technical indicators. Besides, you will always get access to fresh information on what is brewing in financial markets, along with timely price alerts. Some of you might feel better when they can trade Binary Options whereever they are. Therefore you will need a good mobile app with all the necessary features.

Luckily for traders, Quotex provides mobile apps for both Android and iPhone. The app is super reliable, and you can use it for trading and withdrawal purposes. The Pocket Option mobile app is ideal for people who wish to trade via small screens. It offers all the features available on the web platform and some extra ones.

You can easily check the transactions you made and analyze your trading history via the app. Olymp Trade offers a dedicated mobile app, and you can customize the platform and trade with added efficiency.

Ethereum, Alt Coins, Visa , MasterCard , Bitcoin , and E-Wallets are among the deposit options. You can also make a deposit via credit cards. Once you had success trading Binary Options you will consider get your earnings back.

There are no fees charged for any withdrawal from the platform. Luckily for traders, all requests are processed within 2 to 5 business days. You can withdraw your trading amount via bank cards, and it will take a maximum of 3 business days to fulfill your request. What support do the three brokers offer? Available languages are English, France, India, Spanish and many more.

You can even contact them via email and contact forms. Olymp Trade offers a comprehensive chat and support feature for its traders. For this, it has divided threads for cryptocurrencies , stocks, and forex. You can raise a ticket to the support team and then contact them. It is a must to follow all the rules set by the moderator. Not following them will lead to you getting permanently blocked from this feature. There are three trade types that are popular with Singaporean traders.

If you have ample knowledge of precious and semi-precious metals, you can place traders on Gold, Copper, Silver, and Palladium. You can choose many currencies and trade them with the Singaporean dollar. A popular pair includes the Japanese Yen and the Singaporean dollar. Often traders bet high stakes on this pair and reap huge profits. The MAS maintains a dedicated list of all financial services companies with a Capital Markets Services License. Besides, it also has an investor list that blacklists all brokers that have made false claims of having a MAS licensing.

Binary options trading is a profitable investment as compared to other assets. Thus, it is safe to say you can become rich with binary options.

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Learn how we make money. With COVID coronavirus sending stock markets around the world plummeting, options trading is back in the spotlight as both a profitable and risky strategy when stock prices crash. While trading options can be riskier than standard stock trading , it can also protect stocks against losses and amplify profits when handled correctly by an experienced trader.

This means that options traders can profit regardless of whether stock, commodity or forex prices are rising or falling. In this guide, we cover how options trading works, the risks involved and how experienced investors can apply it to earn additional income from stocks.

We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision. Learn how we maintain accuracy on our site. A stock option is a contract to purchase or sell a set number of stocks for a specific price, at a predetermined future date, from its seller.

Say you have an options contract to buy stocks of a stock before a certain date. Instead of buying the stocks and incurring brokerage fees, you could simply sell the contract on the market and take home the profits. In fact, options traders rarely engage in the actual buying or selling of stocks — rather, they earn profits from stock price movements. Although stock options are the most popular type of contract, you can also trade options on other assets such as indices, bonds, exchange-traded funds ETFs and commodities.

It is an exchange-traded derivative that gives the investor the right but not the obligation to buy or sell the underlying asset at an agreed price exercise price during expiration. SWs provide the opportunity for investors to profit in both bullish and bearish markets and are available over a range of assets, including stocks and stock indices. The 2 main participants in an options contract are the person who purchases the contract buyer and the seller of the contract writer.

The comparison table above shows some of the online trading platforms that offer this service. There are 2 types of options that you can either buy or write. A call option gives its buyer the choice to purchase stocks from its writer at a specific price the strike price before a set period the expiry date. A put option is the opposite, where the buyer enters a contract to sell the stocks to the writer at a set price within a specific time frame.

For this reason, the buyer of a call option hopes that the underlying stocks will rise in price while the put option buyer is betting that prices will fall. The writers of the contract hope for the opposite.

One of the most important factors in an options contract is the premium price. This is the price paid by the buyer to the writer for the contract and calculated on a per-stock basis. As the expiry date draws close, the premium price shrinks relative to the stock price as it becomes easier to predict.

Either way, the buyer makes a profit. The brokerage fees charged by brokers for exchange-traded options are usually higher than stock trading. There are several practical ways to use options trading. First, by taking on more risk, you have the opportunity to earn higher profits than you ordinarily could through regular stock trading. Although it can be risky, options have the potential to earn a much higher profit than if you simply traded the underlying stocks. The investment price the premium is much smaller than the price to buy stocks directly, but you can benefit to a greater degree from its price movements.

For example, if you believed the stock price of a company was going to increase, you could buy its stocks. This leverage means you can benefit from the premium price increase on 40, underlying stocks instead of the stock price rise on stocks in the first example. Investors can use put options to safeguard their stocks against a fall in the stock price. If the price of the stocks falls in the future, the writer of the option will be obliged to buy them from you. If the price of the stocks rises, you can simply not exercise the option.

In this strategy, the most you lose is the premium you initially paid. Fundamentally, you can also use a stock option to simply buy yourself time. You can lock in the transaction price now and decide whether you want to go forward with it in the future. This strategy can be useful in times of high market volatility.

If you think that the price of stocks you own is going to remain flat in the future, you can also write call options to boost your income. With this strategy, the buyer of the option believes that prices will rise and agrees to buy the stocks at a certain price point. However, if prices remain flat or fall as you have predicted, the buyer will most likely not exercise their right to buy the stocks from you, leaving you with the premium they paid along with your stocks.

As with all other tradable financial securities, options can be used to speculate on the market. The price of a call option will increase if the price of its underlying security increases.

Conversely, the price of a put option will do exactly the opposite. Each player — the buyer and a seller — is betting on the opposite occurring. While this approach is risky and not recommended for new investors, you may use the difference in risk exposure and smaller initial cost involved with options trading to diversify your portfolio.

You will have to take into account the complex risks of options. It is important for investors to understand that options are a strictly zero-sum game. That is, in each transaction, one of the parties makes a gain at the expense of the other party. You need to make sure you fully understand the inherent risks involved.

The position you take through options will be a leveraged position. As such, a change in the price of the option is bound to be disproportionate to a change in the price of the underlying stock. Delta is positive for call options and negative for put options. If the stock price changes in an unforeseen way, an option may completely lose its value.

Here, if you have purchased a contract with units, you would have lost the entire premium you paid. In contrast, unless Telstra goes bankrupt, Telstra stocks will never become completely worthless.

As long as Telstra stays afloat, there's always a possibility that its stocks may increase in price over time. Since options have limited lives, they naturally decline in value at an exponential rate as they approach their expiry dates. While the potential loss you can face as the buyer of an option is limited to the premium you paid, as a seller, your loss can be unlimited. If the buyer chooses to exercise the option, you will be obliged to deliver the purchase or the sale of the stocks at the preset price irrespective of their market value.

The takeaway message for beginner investors is that, ideally, options should be used to complement their current shareholding positions. Standalone positions should only be taken out after consultation with a broker or a financial adviser.

FNV reached a new multi-year high on 13 April The image above shows a list of FNV call options listed on Robinhood. However, you will also bear the obligation to deliver Franco-Nevada stocks to the buyer any time before and including 15 May. The buyer will end up not exercising the contract. Kylie Purcell is the investments editor at Finder. She has a background in business and finance news with previous roles at SBS, Your Money, TVNZ, Switzer Group and The Adviser magazine.

Kylie has a Masters in International Journalism and a Graduate Diploma in Economics. When she's not writing about the markets you can find her bingeing on coffee. Access US and HK markets on the go with Webull. Enjoy zero commission, free real-time quotes, full extended hours trading and more. Syfe Trade is a share trading platform offered by robo-advisor Syfe. Invest in US markets with Syfe Trade. Find out more in this review. Find out how to invest in them. Trade shares and other investment classes across Singapore, Hong Kong and US markets with moomoo by FUTU.

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Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Stock Trading. Kylie Purcell.

Updated Jul 23, What changed? Learn more about how we fact check.

The table below provides commission, minimum fee, and market access information for online brokerages that will let you trade in a variety of global markets. Many brokerage firms offer research materials, informative visuals, and live stock quotes that can be helpful for making informed investments, especially for beginner traders. If you are a passive investor, ETFs are a good way to begin your investing journey. Saxo Markets offers options on more than 1, listed securities from 23 different global exchanges including stocks, commodities, and forex pairs. Privacy Policy Imprint.

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