In Singapore, options trading is a highly competitive space, attracting both seasoned investors and newcomers alike. To assist traders in making an informed choice, we have evaluated and ranked the best online options trading platforms for 2023. Options trading offers significant profit potential, and the intense competition among brokers has driven innovation and competitive pricing in the industry.
TIn this comprehensive review, we will present an overview of the leading online brokers for options trading in Singapore, helping you embark on your journey as an options trader. If you're interested in a broader assessment of online brokers in Singapore, don't miss our complete guide and analysis
Best Options Trading Platforms in Singapore for 2023
Here are the Best Options Online Trading Platforms in Singapore for 2023:
- AvaTrade – Best Options Trading Platform Singapore Overall
AvaTrade, headquartered in the British Virgin Islands, stands out as our top pick for options trading in Singapore. Regulated by respected authorities like the Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC), AvaTrade offers a diverse range of financial instruments, including FX options.
Key Features:
AvaTrade's proprietary platform, AvaOptions, is tailored exclusively for options trading and provides a comprehensive suite of tools designed to support options traders.
FX options are available for 40 currency pairs.
Account types include Standard, Corporate, and Islamic accounts, with a Professional trading account option for experienced traders.Fees and Deposits:
Trading costs vary based on pips for FX options.
No fees for deposits or withdrawals, but withdrawal processing times may vary.Trading Platform:
AvaOptions boasts a user-friendly interface with visual aids, historical price charts, real-time profit/loss charts, and risk/reward assessment tools.
The platform supports 13 different options trading strategies and offers limit and stop orders. - Interactive Brokers – Best Options Trading Platform in Singapore for Market Access –
Interactive Brokers is our top choice for advanced options trading and market access in Singapore. Known for its robust trading tools, the platform offers competitive commissions.
Key Features:
-Powerful tools for advanced options trading
-Competitive commissions ranging from USD 0.15 to 0.65 per US option contract. - Plus500 –Top Pick for Advanced CFD Options Traders in Singapore
Plus500, an Israeli online trading platform, serves retail traders globally and is regulated by the Monetary Authority of Singapore (MAS).
Key Features:
- Offers a wide range of options on CFD contracts across various asset classes.
- No commissions for trading options; compensation is via bid/ask spreads.
- Low minimum deposit requirements.
- IG – Wide Variety of Options Available
IG, with over 30 years of experience, is a well-established online broker regulated by top-tier authorities, including ASIC
Key Features:
- Extensive options on CFDs covering more than 17,000 different markets.
- Low minimum deposit requirement.
- Comprehensive research tools and excellent customer support. - Saxo Markets – Best for Experienced Options Traders in Singapore
Saxo Markets is renowned for serving high net worth clients and asset managers globally, with a strong focus on advanced traders.
Key Features:
- Offers options on over 1,200 listed securities from global exchanges.
- Advanced trading tools.
- Excellent customer service.
Conclusion
Selecting the right options broker in Singapore involves considering factors like available markets, margin accounts, customer support, cost of trading, research tools, education materials, order types, security, user interface, and additional features. It's crucial to note that regulatory oversight is provided by the Monetary Authority of Singapore (MAS), ensuring transparency and compliance within the country's financial markets.
In conclusion, the options trading landscape in Singapore offers a plethora of choices, catering to traders of all levels of expertise. By carefully assessing your needs and preferences, you can make a well-informed decision to enhance your options trading journey.
Options Trading in Singapore: Top Picks
| Rank | Broker | Best For | Website |
| 1 | Interactive Brokers | Best for: Options Trading in SG | Open Account |
| 2 | AvaTrade | Best Proprietary Platform: AvaOptions | Open Account |
| 3 | Plus500 | Our Pick For: Advanced Options Traders | Open Account |
| 4 | IQ Option | Great for: Options Trading | Open Account |
| 5 | IG | Wide Variety of Options Available | Open Account |
| 6 | Saxo Markets | Best For: Experienced Options Traders | Open Account |
These are the top choices for options trading in Singapore, catering to various trading preferences and experience levels.
Singapore, a prominent Asian nation, stands as one of the world's wealthiest economies, ranking 8th in terms of GDP per capita, as per recent data. A pivotal factor driving Singapore's economic prosperity has been its open approach to capital markets, welcoming foreign investors to participate in publicly-traded companies listed on the Singapore Stock Exchange (SGX).
SGX is home to a diverse array of 715 stocks, representing companies not only from Singapore but also China and international entities. Beyond stocks, SGX offers an extensive range of other asset classes, encompassing bonds, exchange-traded funds (ETFs), mutual funds, as well as derivatives like stock options and warrants.
What makes Singapore's capital markets particularly intriguing is their remarkable sectoral diversity. Investors can gain exposure to a wide spectrum of industries, spanning from oil & gas to telecommunications, allowing them to partake in the growth of multiple markets simultaneously.
Numerous brokerage firms currently extend their trading platforms to residents of Singapore, facilitating options trading across various instruments within SGX and other global stock exchanges.
