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NinjaTrader Review 2020: Pros, Cons, Fees & More • Benzinga

If you’re on the hunt for the best online brokerage, Ninja Trader is a great fit for both new investors and seasoned traders. Some of the key features in NinjaTrader’s futures brokerage service include:

If you’re on the hunt for the best online brokerage, Ninja Trader is a great fit for both new investors and seasoned traders. Some of the key features in NinjaTrader’s futures brokerage service include:

  • Commissions as low as $.09 per Micro contract
  • Low $400 account minimum
  • Low day trading margins of $500 per contract for E-mini S&P 500 (ES), Nasdaq (NQ) and Dow Jones Industrial Average (YM) stock index futures contracts
  • $1,000 margins for Gold (GC) and Crude Oil (CL) futures contracts
  • Free version of NinjaTrader platform included with all brokerage accounts
  • Three platform license levels with varying feature sets and commission rates

In addition, the broker offers competitive spreads and a high-speed execution service for forex currency pairs.  

Who’s NinjaTrader For?

Futures Traders

NinjaTrader’s brokerage services cater directly to futures traders. It’s the ideal destination for those both active and new, with unlimited free use for advanced charting, market analysis, and simulation trading.

Advanced Traders

NinjaTrader’s state-of-the-art trading platform has a variety of features available across three license levels that allow traders to select the best fit for their trading approach. There are two upgrade feature sets available, Trader + and Order Flow +.

While advanced charting, market analysis, and simulated trading are included free for all users, licensing Trader + or Order Flow + gives you access to premium tools such as an enhanced SuperDOM, an advanced alerting system, semi-automated order execution, volumetric bars, and other sophisticated charting systems.

Active Traders

With commission among the lowest in the industry, traders can keep their costs low on a per contract basis. NinjaTrader’s low margins are also a great fit for active traders. With numerous technical analysis tools available, the trading platform can help users target opportunities and manage execution in volatile markets.

NinjaTrader has their flagship advanced trading platform for Windows-based desktop computers. Other third-party platforms are supported and available by request. If you are a Mac user, you can run the software using a multi-boot utility like Apple Boot Camp.

Source: https://ninjatrader.com/

NinjaTrader features a wide range of technical analysis functions that can be useful for those starting out with demo trading — especially if you want to learn how to trade futures.

The broker uses CQG (Continuum) for order routing by default but also supports order execution through Rithmic. Kinetick is also available as a free end of day market data source for stock, futures and forex data optimized exclusively for use with NinjaTrader’s platform.

If you’re interested in trying out the NinjaTrader platform using futures data, you can register to get a free two-week trial.

A free version of the NinjaTrader platform is included with all funded brokerage accounts and has all the core features needed for live trading, with access to charts, market analysis, and simulated trading.

If you want to access some of its more advanced capabilities, you can either lease the software starting at a quarterly basis or purchase a Lifetime license, which includes free upgrades for life.

The advanced tool sets are where NinjaTrader really shines. For example, sophisticated order types known as automated trade management (ATM) strategies are included in the Trader + feature suite. These consist of a set of specific rules you create to manage a group of stop-loss and profit target orders to operate on all or part of an open position.

NinjaTrader’s third-party developer community, known as NinjaTrader Ecosystem, features thousands of third-party apps and add-ons you can use with its trading platform. From their website, you can use the keyword search and filters to scan hundreds of custom tools and trading indicators built to work with NinjaTrader.

If you have programming skills, you can build compatible software within its advanced C# based development environment.

The NinjaTrader platform provides a high-performance backtesting engine which allows users to test and verify futures trading strategies using historical data. A wide range of useful educational materials are available if you’re unfamiliar with its platform and wat to enhance your skills.

These include daily training webinars designed to educate new users on the powerful tools available, hundreds of on-demand training videos, help guides, and an informative YouTube channel.

[youtube https://www.youtube.com/watch?v=bg4ocBoYrjM]

NinjaTrader’s Commission and Fees

Commission and margin requirements are among the lowest in the industry. A $1,000 minimum initial deposit is required to fund a new account and commissions go as low as $.09 per Micro contract with a Lifetime license. Day trading margins of $500 for ES, NQ and YM contracts, and $400 for GC and CL contracts are also very low.

When it comes to platform fees, the broker’s advanced platform and live data are available free of charge for use in a demo account. For live trading, you can use their free platform with all the basic essentials or choose a paid license level for more advanced features and lower commissions.

If you lease or buy a Lifetime license for the trading platform software, you also gain access to a suite of premium features that include its advanced trading management (ATM) strategic order handling. Traders who purchase a lifetime license also get the Order Flow feature set which comes with free platform upgrades for life.

NinjaTrader’s Security

NinjaTrader is well-regulated in the United States by the National Futures Association and the Commodity Futures Trading Commission (CFTC).

NinjaTrader’s Customer Support

NinjaTrader’s online support team excels in prompt replies with inquiries addressed within 15 minutes during market hours. An active user community interacts directly with the NinjaTrader support team in their User Forum. They also host daily live training webinars, have hundreds of on-demand training videos, and more.

NinjaTrader can be reached by email, phone, and an online support form for customer service. For critical trade issues, NinjaTrader provides direct phone support for brokerage clients. International traders are also directly supported with dedicated Spanish, Russian and German brokerage service teams. 

NinjaTrader’s Tradable Asset Classes

NinjaTrader brokerage offers a basic range of asset classes with a focus on futures trading on the CME, CBOT, NYBOT and Eurex exchanges. You can trade the following asset classes via NinjaTrader:

  • Futures 
  • Forex 
  • CFDs
  • Stocks*

*The platform can also be used through other supporting brokers such as TD Ameritrade or Interactive Brokers to trade stocks.

NinjaTrader’s Ease of Use

After downloading the NinjaTrader platform, it’s best to spend some time on the forum and watch the tutorial videos provided. It may take some time to set-up your ideal dashboard.

While NinjaTrader’s platform is exceptionally customizable and offers numerous advanced features, it may not be considered easy to use when you first download the platform.

Final Thoughts

NinjaTrader is one of the top brokers for futures and forex trading. The unlimited use of its free platform is a great way to get acclimated to NinjaTrader before deciding to trade live.

The free platform is sufficient for new traders with more advanced tools available as need such as semi-automated execution. NinjaTrader’s low commissions and fees, free tools, and an active community forum will work to any trader’s advantage.

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‘Risk On’ Market Update 12/10/20 – Forextraders.com

Markets finished last week firmly in a ‘risk-on’ frame of mind. Stocks, commodities and non-USD currencies all moved into bullish territory in terms of technical indicators. The uncertainty which characterised September’s price moves made way for a more positive outlook in a wide range of asset groups.

Trading Risk Measurement

Markets finished last week firmly in a ‘risk-on’ frame of mind. Stocks, commodities and non-USD currencies all moved into bullish territory in terms of technical indicators. The uncertainty which characterised September’s price moves made way for a more positive outlook in a wide range of asset groups.

Market Update

Stocks – Market News

• Asian markets had a mixed start to the week. The Hong Kong Hang Seng equity index was up 2.29% on Monday, but the Japanese Nikkei 225 was down -0.17%.

The mixed messages from the Asian trading sessions carried into the European open. Asian traders were wise to the risk of following the buying patterns only to find European and American traders taking profits later in the day.

Metals – Market News

  • Price action in gold and silver hints that they could have started one of their breakout patterns. Fans of the metals will be familiar with how both can build momentum and click through price levels on the way to their next target price. The main issue is deciding on trade entry points.
  • As of Monday morning, the price of gold ($1925.22) is where it was on Friday afternoon. Support 1 is at $1921.98, Support 3 at $1917.87.
  • Such price consolidation is a characteristic of the metal and there’s nothing bearish about the indicators.
  • The Hourly SMA has provided support and could be the indicator to watch. The kiss of that line in the early hours of Monday marking the week-to-date low at 1921.66. Price support in that region was also provided by the 23.6% Fib.

Source: FXTM

Energy Commodities – Market News

  • Geo-political risk rather than technical indicators continue to guide the price of crude with Azerbaijan and Armenia engaging in a will-they won’t-they military stand-off.
  • It’s hard to get a clear picture of how political uncertainty will impact price. Still, the increased volatility and price increase of 6.84% last week will be a tempting proposition for many.

Trade of the Week

Last week has been firmly signed off as a successful opportunity to ‘buy-the-dips’. Our desk put on a buy of the US 500 stock index one hour before the European stock markets opened on Monday the 5th of October. With an opening price of 3367.28, it caught the pre-market exuberance and was mostly in positive territory throughout the week. Only trading underwater in the overnight trading of Tuesday evening and Wednesday morning.

Source: IG

In the morning session on Monday the 12th, the total percentage return on the US 500 position is +3.74%. The two-unit purchase trade, put on using IG, generating a profit in cash terms of £244.72 in the space of one week.

Source: IG

The obvious question to ask is whether there is any juice left in the move towards risk. The countdown to the US presidential election has started in earnest. With 22 days until votes are cast, those looking for this week’s trade might have less conviction than the position our desk put on last Monday.

Gold’s role as a defensive asset is not as strong as some would suggest. It’s hard though to look past the metal’s price action, dollar weakness, and the chance that it be seen as some kind of security as the election nears.

A position in gold could be a useful marker. Our buy-in small size for $1923.15 is one for the Demo Account, but it should help keep track of the markets.

Our analysis is based on a comprehensive summary of market data. We use a range of metrics with weighting given to simple and exponential moving averages and key technical indicators.

Any information contained on this Website is provided as general market information for educational and entertainment purposes only and does not constitute investment advice. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. ForexTraders will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PAST PERFORMANCE IS NOT ALWAYS INDICATIVE OF FUTURE RESULTS.

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Learn with ForexTB: The battle of the currencies!

What is currency trading?How do currency pairs work?What currency pair is the most popular to trade and why? A few of the most common questions concerning traders when it comes to currency trading!Well, we’ve got all the answers, but first let’s start with some simple explanations and, as we go along, we’ll cover everything around…

An introductory guide to forex trading

What is
currency trading?
How do currency pairs work?
What currency pair is the most popular to trade and why?

A few of
the most common questions concerning traders when it comes to currency trading!
Well, we’ve got all the answers, but first let’s start with some simple explanations
and, as we go along, we’ll cover everything around the currency market.  

Forex trading
(aka. Foreign exchange, duh!), is all
about buying and selling currencies in pairs
. All you need to know is how
much the currency pair is worth. However, it’s not that simple, as these
currency pairs do not always deliver the desirable results to traders.

Before we dive into the trading currency
pairs, let’s see some of the most popular currencies out there. These are:

  1. US Dollar (USD)
  2. Euro (EURO)
  3. British Pound (GBP)
  4. Australian Dollar (AUD)
  5. Canadian Dollar (CAD)
  6. Swiss Franc (CHF)
  7. Japanese Yen (JPY)

Now, let’s see how they look in
pairs according to the category they fit in.
Currency pairs are divided into three categories. The “Majors“, the “Crosses” and
the “Exotics“, each with its own
characteristics.

1. The “Majors”
These currency pairs are always paired
with the U.S dollar
, with EUR/USD
being at the top of the currency pairs table as the most traded currency pair
in the market
. These are:

FXTB2

So why is the EUR/USD pair the most popular and traded pair ever?
Because both currencies represent two of
the biggest economies in the world!
Thus, trading this pair will result to
having tight spreads. And YES, this is a good thing because the lower the
spread is, the lower the fees you pay when you enter a trade.

2. The “Crosses”
These currency pairs do not involve the
U.S Dollar
.

These include and not limited to:

FXTB3

3. The “Exotics” *
These currency pairs include one major
currency
, this being the US Dollar, and one currency from a developing market. Some examples of exotic
currency pairs are:

FXTB4

Something
to note in this category: Exotics tend to be “trickier” in terms of price
fluctuation, due to economic factors. For example: A political result or
scandal in Mexico can cause the USD/MXN price to change unexpectedly!
Therefore… Trade at your own risk, if you’re about to trade with these pairs
(well, you should always be careful when trading)!

So, as we’re approaching to the
end of this useful educational article, it
is advised for less experienced traders, NOT TO trade with multiple currency
pairs simultaneously
! We recommend that you make yourself comfortable whilst trading on a demo account, as this
will make you gain confidence and at the same time potentially achieve better
results! Well, we can’t guarantee that, but you get the gist. Once you’ve mastered currencies, you can
slowly expand you trading abilities and start trading with new currency pairs!

Don’t you agree?

This article was submitted by ForexTB.
For bank trade ideas, check out eFX Plus

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Demo Trading

Best Options Trading Platform Singapore 2020 – Public Finance International

For traders in Singapore looking for options trading platforms in Singapore, we analyzed and ranked the top online trading platforms to help you pick the best one. Options trades offer high profit margins for online brokers and the competition is fierce between brokers. This is great for investors as it brings innovation and competitive pricing…

For traders in Singapore looking for options trading platforms in Singapore, we analyzed and ranked the top online trading platforms to help you pick the best one. Options trades offer high profit margins for online brokers and the competition is fierce between brokers. This is great for investors as it brings innovation and competitive pricing into the industry.

Throughout this review, we will provide you with an overview of the best online brokers for options trading in Singapore so you can make an informed pick if you are looking to start your journey as an options trader.

Best Options Trading Platform Singapore

Here are the best options online trading platforms Singapore for 2020:

  1. IQ Option – Best Options Trading Platform
  2. AvaTrade – Best Proprietary Platform AvaOptions
  3. Plus500 – Best For Advanced Options Traders
  4. IG – Wide Variety of Options Available
  5. Saxo Markets – Best For Experienced Options Traders

Why should you read this guide?

Singapore is a major financial centre in the Asian continent and this has attracted the interest of the world’s leading investment banks, brokerage firms, and trading platforms.

Going through all the available online options brokers available in the country may be a time-consuming task and this is the main reason why you should give this review a look, as it will help you in narrowing down your choices to make a quicker decision on which you would like to go with.

1 – IQ Option

IQ Option is an options broker registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). IQ Option services are available for Singapore residents and clients funds are protected by Cyprus Investors Compensation Scheme, which provides coverage of 20,000 euros in deposits per investor.

What’s the best about this options trading platform?

On top of options for currency pairs, IQ Option provides two innovative types of options that are different than regular options. These options are called binary and digital options. Both of these instruments compensate the trader for predicting the direction of an upcoming price movement before the option expires. You can also read our full IQ Option review.

Digital options expire between 60 seconds and 15 minutes, giving traders a very small time interval to anticipate price movements in the underlying security. The potential return for accurately predicting the price movement goes as high as 900% of the amount invested.

Binary – expiration time ranges between 60 seconds and the end of any given calendar month, which makes them less volatile. The potential return for accurately predicting the price movement goes as high as 95% of the amount invested.

Underlying assets available

Binary and digital options are available for more than 90 different assets and the list is constantly growing. These assets include forex pairs, stocks (including US stocks), broad indexes (including US market indexes), commodities, and cryptocurrencies.

How much do you need to open a brokerage account with IQ Option?

There are three types of accounts that can be opened with IQ Option.

The standard account requires a minimum deposit of $10.

The VIP account requires a minimum deposit of $1,900 and a minimum trading volume of $15,000 is required.

The VIP account entitles the holder to additional benefits such as higher returns on both binary and digital options.

A demo account is also available to test the platform before depositing money on it.

Options Trading Fees

No brokerage fees are charged for trading binary or digital options with this broker.

Deposits and Withdrawals

Credit cards, e-wallets, and bank transfers can be used to deposit money into an IQ Option account and this broker does not charge a deposit fee.

This broker does not charge a withdrawal fee either for credit cards or e-wallets but a $31 fee has to be paid if the withdrawal is made via bank transfer.

There are also dormant account fees for accounts that remain inactive for 90 days or more. This fee is €10 per month.

Trading platform

IQ Option has designed its own proprietary trading platform to support its fx options, binary and digital options.

This platform is very easy to use and there are very good educational videos that teach options traders about how each type of option works and how to trade them.

Additionally, the platform supports a wide variety of advanced trading tools including technical indicators such as moving averages, Bollinger Bands, MACD, and RSI.

Additionally, IQ Option offers a mobile trading app available for both iOS and Android.

Visit Website >>

2 – AvaTrade

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.

What’s the best about this options trading platform?

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.

Underlying assets available

AvaTrade offers FX options for 40 currency pairs.

How much do you need to open a brokerage account with AvaTrade?

The minimum deposit required to open an account with AvaTrade is $100 for credit cards and debit cards while accounts that are initially funded with a bank transfer require a minimum of $500 to be activated.

There are three types of accounts offered by this online brokerage firm:

  • Standard account
  • Corporate account
  • Islamic accounts – this account is swap free.

Additionally, traders can also open a Professional trading account with AvaTrade. This account allows for a higher level of leverage but requires a significant track record of past trading activity along with a minimum of €500,000 balance and past experience in the financial sector.

Options Trading fees

Since AvaTrade offers FX Options, the cost of trading each option varies and it is commonly calculated in pips.

Deposits and Withdrawals

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.

Additionally, for credit and debit cards there’s a maximum withdrawal limit of 200% of the last amount deposited. This limit does not apply to bank transfers.

Trading platform

AvaTrade’s offers a proprietary options trading platform known as AvaOptions, which features great visual aids to understand the key elements associated with each option including a historical price chart, a real-time profit/loss chart, a risk/reward assessment tool, and many other similar features that are particularly useful to trade options easily.

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.

AvaOption supports 13 different options trading strategies including spots, calls, puts, and spreads, and these strategies can be tweaked in real time easily by using the platform’s user-friendly interface.

AvaOption also features limit and stop orders for option trades.

Visit Website >>

3 – Plus500

Plus500 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).

What’s the best about this options trading platform?

Plus500 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.

Underlying assets available

Since Plus500 options cover CFDs instead of the actual underlying asset, this broker offers a broad range of asset classes from its portfolio of 1,800 stocks (including US stocks), 33 stock indexes (including the US market), 92 ETFs, 22 commodities, 70 currency pairs, and 12 cryptocurrencies.

How much do you need to open a brokerage account with Plus500?

The minimum amount to open an account with Plus500 is $100 if the deposit is made via credit or debit card and $500 if the initial deposit is sent via bank transfer.

Clients from Singapore can opt for two different types of accounts:

  • Retail account
  • Professional account – features higher leverage ratios but require a minimum amount of net assets or a minimum income.

Plus500 also offers 10 different base currencies for its accounts and traders can find if their currency is supported by contacting this broker’s customer support department.

Options Trading fees

There are no trading or commission fees for trading options with this online brokerage firm as Plus500 is compensated via the bid/ask spread of each option contract.

Deposits and Withdrawals

Plus500 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.

On the other hand, the first five withdrawals of the month can be made without incurring a fee with this broker while any subsequent withdrawal will generate a $10 fee.

Additionally, there’s a $50 minimum per withdrawal and a $100 minimum if the withdrawal is made via bank transfer.

If the withdrawal amount is lower, a $10 fee will be deducted from the account.

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.

Trading platform

Plus500 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.

The mobile trading app is available for both iOS and Android.

4 – IG

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 is also a publicly-traded company listed on the London Stock Exchange.

What’s the best about this options trading platform?

IG offers options on CFDs that cover more than 17,000 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.

Underlying assets available

IG offers options on CFDs covering more than 17,000 different markets and a wide range of financial instruments including stocks, indexes, futures, commodities, cryptocurrencies, and forex.

How much do you need to open a brokerage account with IG?

A minimum deposit of £250 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.

Options Trading fees

IG does not charge trading fees on options as their compensation is embedded in the bid/ask spread of each option contract.

Deposits and Withdrawals

No deposit or withdrawal fees are charged by this broker.

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.

Withdrawals take at least two days to be credited regardless of the method.

Trading platform

IG offers both its proprietary trading platform and MetaTrader 4, which is a third party trading platform.

Both the web version and the mobile trading app of IG are only available in English.

The proprietary trading platform is very user-friendly and highly customizable and the same goes for the mobile trading app.

A demo account can be opened to test the platform before depositing money.

5 – Saxo Markets

Saxo Markets is among the most exclusive online brokers in the world, primarily serving high net worth clients and asset managers from multiple latitudes through its top-of-the-line proprietary trading interface and relying on the support of a well-reputed bank – SaxoBank.

This online broker is regulated by various tier-1 jurisdictions including the Australian Securities and Investments Commission (ASIC).

What’s the best about this options trading platform?

Saxo Bank is not the best choice for amateur or entry-level traders as its services are mostly designed for experienced traders that require advanced tools to conduct their trades. Additionally, Saxo’s customer service team is excellent.

Underlying assets available

Saxo Markets offers options on more than 1,200 listed securities from 23 different global exchanges including stocks, commodities, and forex pairs. Maturities for the 44 FX pairs offered by this broker range from 1 day to 12 months.

How much do you need to open a brokerage account with Saxo Markets?

The minimum amount required to open an account with Saxo Markets in Singapore is S$3,000 for Classic Accounts, S$300,000 for Platinum Accounts, and S$1,500,000 for VIP accounts.

Options Trading fees

Forex options with this broker start at 3 pips for the EURUSD pair and commissions on other listed options start at $2 per lot.

Deposits and Withdrawals

No deposit or withdrawal fees are charged by this broker.

Deposits can be made via credit card, debit card, or bank transfer with the downside that deposits with e-wallets are not available.

Withdrawals can only be made to a bank account.

Trading platform

Saxo Markets’ proprietary trading platforms, called SaxoTraderGO and SaxoTraderPRO, are among the best online platforms in the industry, offering a web-based, mobile, and desktop version.

Their interface is very modern and user-friendly, the layout is highly customizable, and they provide a two-step login feature for an extra layer of security.

The mobile version is available for Android and iOS.

What you should look out for to pick an options broker in Singapore?

There are a few variables you should take into account when picking an online options broker.

A more extensive, yet not exclusive, list of those variables includes the following:

  • Available markets and asset classes – one thing to watch for before picking an options broker is the number of stock exchanges and asset classes covered by the platform. The higher the number, the better, as traders commonly enjoy having a wide selection of available asset classes to trade options on them.
  • Margin accounts – margin accounts are useful to conduct leveraged operations, which means you will use funds borrowed from your brokerage firm. Each platform has its own rules and limits for leveraged transactions and they often express how much leverage you can use in the form of a ratio such as 33:1 or 10:1. This means that you can borrow $30 or $10 per each $1 you commit to that particular trade respectively.
  • Customer support – even though the trading platforms on this list operate smoothly most of the time, if you ever find an issue while conducting your trades you definitely want to count on the best customer service possible to solve the matter as quickly as you can.
  • Cost of trading – the cost of trading options can be broken down into two: the fee per contract and the trading commission or fee. The cost of trading options has gone down significantly lately and some brokers even offer commission-free option trades.
  • Research tools – trading options successfully involves a significant amount of effort to anticipate market swings to profit from them. Trading tools, research materials, and insights are tools your broker should be able to offer.
  • Education & training materials – derivatives are significantly more complex than traditional financial assets such as stocks and bonds. If you are new to trading options, your broker should be able to offer at least some level of assistance in terms of providing educational materials to help you in your journey of becoming a successful options trader.
  • Types of orders – having a wide range of available alternatives when it comes to trade orders is a positive feature, especially for trading options, as entering and exiting your positions at the right price will have a tremendous impact on your returns.
  • Security – your personal information and money are vital for you and they should be protected by your brokerage firm as well.
  • Interface and ease of use – you will spend a significant amount of time browsing through and screening for potential option trades across various options chains and having a user-friendly interface that displays all the information you need in an easy-to-read and understandable manner is a big plus.
  • Extra features – online trading platforms in Singapore have their own way to serve clients by introducing extra features that are valuable to option traders such as drawing tools, technical indicators, VIP services, and premium research materials, among other things.

Which institution oversees brokerage firms in Singapore?

The Monetary Authority of Singapore (MAS) is the regulatory body in charge of overseeing active brokers in the Singapore market through a set of regulations, licensing requirements, and other rules that promote transparency within the country’s financial markets.

Even though some brokers may not be registered by the MAS, the brokers in this list are registered with at least one tier-1 regulatory body such as the Securities and Exchange Commission (SEC) of the United States or the Financial Conduct Authority (FCA) of the United Kingdom.

Options Trading In Singapore

Here is a summary of the best options trading platforms:

Singapore is a highly developed Asian country that occupies a place among the wealthiest economies in the world, being the 8th country with the highest GDP per capita according to the most recent statistics.

One of the things that have helped Singapore in fueling its economic growth is the fact that the country opened up its capital markets and its doors to foreign investors who can freely take positions in Singaporean publicly-traded companies through the country’s primary exchange, the Singapore Stock Exchange (SGX).

This exchange hosts 715 different stocks from companies in Singapore, China, and overseas and it also hosts a wide variety of other asset classes apart from stocks including bonds, exchange-traded funds (ETFs), mutual funds, and derivatives, such as stock options and warrants.

One of the most interesting features of the Singaporean capital markets is that they are highly diversified in terms of the economic sectors that participate in the exchange, which means that investors can get exposure to various industries such as oil & gas and telecommunications to participate in the development of multiple markets.

Many brokers currently offer their trading platforms to Singapore’s residents to allow them to trade options for various instruments within the Singapore Stock Exchange and also from other stock exchanges around the world.

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